CDRO vs BYD vs CZR Stock Comparison

Codere Online Luxembourg, Boyd Gaming and Caesars Entertainment Prices as of Oct 29, 2026 Peers: Industry group
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BYD Boyd Gaming Corp
$72.45 +8.0% 1M -5.7% 1Y
Market cap
$5.31B
P/E
10.6x
Revenue (TTM)
$4.08B
Div. yield
0.01%
Casinos Consumer Discretionary
7 wins

Head to Head

10 decided of 12

Boyd Gaming leads on 7 of the 12 questions below (Boyd Gaming 7, Caesars Entertainment 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDROBYDCZRLeader
Larger companyMarket capitalisation $401.27M $5.31B $5.90B CZR
Cheaper on earningsLower P/E, profitable companies only — 10.6x -11.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.8x 10.8x — BYD
Faster revenue growthRevenue growth, trailing twelve months — +0.3% +3.1% CZR
More profitableNet margin, trailing twelve months — 12.3% -4.5% BYD
Better return on capitalReturn on invested capital — 11.5% 11.4% BYD
Less leveragedLower net debt / EBITDA — 2.2x 3.3x BYD
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +37.6% -5.7% +55.5% CZR
Better 5-year returnAnnualised price return, 5 years -3.1%/yr +2.6%/yr -23.3%/yr BYD
Less volatileAnnualised volatility, 1 year 32.8% 26.3% 40.5% BYD
Higher overall scoreMean of the five percentile scores vs peers — 55/100 49/100 BYD

Percentile Scorecard

CDROBYDCZR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDROBYDCZR
Valuation – 64 #17 of 45 91 #5 of 45
Growth – 7 #40 of 43 24 #33 of 43
Profitability – 73 #12 of 42 49 #22 of 42
Financial Health 81 #10 of 48 55 #22 of 48 38 #30 of 48
Shareholder Returns – 74 #8 of 28 41 #17 of 28
Overall – 55 49
  • CDRO ranked among 48 companies in Gaming and Leisure
  • BYD ranked among 48 companies in Gaming and Leisure
  • CZR ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDROBYDCZRSPY
1 month -11.8%+8.0%-1.7% +0.7%
3 months -8.1%-16.7%-1.6% +3.7%
6 months -6.3%-16.7%+4.8% +7.1%
Year to date +6.1%-15.0%+24.5% +12.8%
1 year +37.6%-5.7%+55.5% +11.9%
3 years +193.8%+30.4%-27.3% +85.2%
3 years, per year +43.3%+9.3%-10.1% +22.8%
5 years -14.6%+13.6%-73.4% +67.6%
5 years, per year -3.1%+2.6%-23.3% +10.9%
10 years —+302.7%+140.7% +262.0%
10 years, per year —+15.0%+9.2% +13.7%

Risk

MeasureCDROBYDCZRSPY
Volatility, 1Y 32.8%26.3%40.5% 12.7%
Downside volatility, 1Y 31.4%26.2%32.7% 12.6%
Beta vs S&P 500, 1Y 0.470.560.57 1.00
Return / volatility, 1Y 1.15-0.221.37 0.94
Max drawdown, 5Y -79.0%-35.1%-83.8% -25.4%
From 52-week high -16.5%-20.5%-4.2% -1.2%
52-week high $10.20$91.15$30.41 $779.14
52-week low $5.43$66.10$18.14 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDROBYDCZR
P/E now vs peer median —median 17.4x 10.5xmedian 17.4x -11.1xmedian 17.4x
P/S now vs peer median —median 1.9x 1.3xmedian 1.9x 0.5xmedian 1.9x
EV/EBITDA now vs peer median —median 10.8x 6.8xmedian 10.8x 5.2xmedian 10.8x
P/FCF now vs peer median —median 11.7x -8.4xmedian 11.7x 10.2xmedian 11.7x
P/B now vs peer median 8.8xmedian 2.5x 2.1xmedian 2.5x 1.7xmedian 2.5x
PEG now vs peer median —median 0.55 -32.04median 0.55 0.27median 0.55

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDROBYDCZR
Revenue – $4.08B $11.72B
Gross profit – $2.01B $5.82B
Operating income – $725.98M $1.80B
Net income – $496.64M -$497.00M
Free cash flow – -$615.15M $582.00M
EPS (diluted) – $6.87 $-2.61
Cash & equivalents $71.43M $297.18M $864.00M
Total debt – $2.68B $11.56B
Shares (diluted) 45.89M 73.05M 204.00M
Enterprise value $130.07M $3.97B $2.32B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDROBYDCZR
P/E – 10.5x -11.1x
P/FCF – -8.4x 10.2x
P/Operating cash flow – 8.8x 4.8x
P/S – 1.3x 0.5x
P/B 8.8x 2.1x 1.7x
P/Tangible book 8.8x 5.3x -12.1x
EV/EBITDA – 6.8x 5.2x
EV/EBIT – 10.4x 9.2x
EV/Revenue – 1.8x 1.4x
EV/FCF – -12.3x 28.6x
EV/Operating cash flow – 12.8x 13.3x
PEG (3Y EPS CAGR) – -32.04 0.27

Growth

14 metrics
MetricCDROBYDCZR
Revenue growth (1Y) – 0.3% 3.1%
Revenue CAGR (3Y) – 3.3% 0.6%
Gross profit growth (1Y) – -2.9% 1.9%
Gross profit CAGR (3Y) – -0.3% -2.1%
Operating income growth (1Y) – -13.9% -18.0%
Operating income CAGR (3Y) – -10.0% -9.4%
Net income growth (1Y) – -73.5% -140.1%
Net income CAGR (3Y) – -10.8% -39.0%
EPS growth (1Y) – -70.3% -124.4%
EPS CAGR (3Y) – -0.3% -40.9%
Operating cash flow growth (1Y) – -38.9% -4.7%
Operating cash flow CAGR (3Y) – -14.6% -11.9%
Free cash flow growth (1Y) – -13,315% 53.2%
Free cash flow CAGR (3Y) – -59.5% -5.7%

Profitability

14 metrics
MetricCDROBYDCZR
Gross margin – 49.1% 49.7%
EBITDA margin – 27.0% 27.4%
Operating margin – 17.8% 15.4%
Pretax margin – 15.0% -4.1%
Net margin – 12.3% -4.5%
FCF margin – -15.1% 5.0%
Operating cash flow margin – 14.4% 10.6%
Return on equity – 20.1% -13.3%
Return on assets – 7.4% -1.5%
Return on invested capital – 11.5% 11.4%
Return on capital employed – 13.9% 6.1%
Asset turnover – 0.6x 0.4x
Cash conversion (OCF / net income) – 1.2x -2.5x
Stock comp / revenue – 0.8% 0.8%

Financial Health

11 metrics
MetricCDROBYDCZR
Debt / assets – 40.2% 36.8%
Debt / equity – 1.1x 3.4x
Net debt / EBITDA – 2.2x 3.3x
Debt / FCF – -4.3x 19.9x
Liabilities / assets 61.1% 63.2% 89.0%
Equity / assets 38.9% 36.8% 11.0%
Interest coverage – 6.1x –
Current ratio 1.5x 0.3x 0.8x
Quick ratio 1.5x 0.3x 0.6x
Cash ratio 1.3x 0.2x 0.4x
Altman Z-score – 2.05 –

Shareholder Returns

7 metrics
MetricCDROBYDCZR
Dividend yield – 1.1% –
Net buyback yield – 12.8% 3.0%
Shareholder yield – 13.9% 3.0%
Payout ratio (earnings) – 11.6% –
Payout ratio (FCF) – -9.4% –
Dividend growth (1Y) – -2.5% –
Dividend CAGR (3Y) – -3.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDROBYDCZR
Forward P/E 25.8xFY2026 10.8xFY2026 –
EPS, next fiscal year $0.33FY2026 $6.71FY2026 $-1.01FY2026
EPS growth, next FY – -9.3%FY2026 –
EPS growth, the year after +84.8% +8.3% –
Revenue, next fiscal year $304.93MFY2026 $4.35BFY2026 $11.36BFY2026
Revenue growth, next FY +15.9%FY2026 +6.3%FY2026 -1.1%FY2026
Revenue growth, the year after -4.1% -7.7% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDROBYDCZR
Held by institutions 12.2% 72.8% 96.6%
Institutions holding 20 424 416
Change in shares held, QoQ +0.4% +5.4% -4.0%
Institutions buying 10 186 208
Institutions selling 4 176 152
Buyers to sellers 2.50 1.06 1.37

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDROBYDCZR
CDRO 1.00 0.14 0.09
BYD 0.14 1.00 0.35
CZR 0.09 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDRO, BYD and CZR?

Caesars Entertainment (CZR) is the largest by market capitalisation: Codere Online Luxembourg (CDRO) $401.27M, Boyd Gaming (BYD) $5.31B, Caesars Entertainment (CZR) $5.90B.

Which company is growing faster?

Caesars Entertainment (CZR) grew revenue fastest over the trailing twelve months: Boyd Gaming (BYD) +0.3%, Caesars Entertainment (CZR) +3.1%.

Which company is more profitable?

Boyd Gaming (BYD) has the highest net margin (Boyd Gaming (BYD) 12.3%, Caesars Entertainment (CZR) -4.5%). On return on invested capital, Boyd Gaming (BYD) leads (Boyd Gaming (BYD) 11.5%, Caesars Entertainment (CZR) 11.4%).

Which stock has performed better?

Over the past year Caesars Entertainment (CZR) returned the most: Codere Online Luxembourg (CDRO) +37.6%, Boyd Gaming (BYD) -5.7%, Caesars Entertainment (CZR) +55.5%. Over five years, Boyd Gaming (BYD) compounded fastest (Codere Online Luxembourg (CDRO) -3.1%/yr, Boyd Gaming (BYD) +2.6%/yr, Caesars Entertainment (CZR) -23.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Codere Online Luxembourg (CDRO) 0.00%, Boyd Gaming (BYD) 0.01%, Caesars Entertainment (CZR) 0.00%. Codere Online Luxembourg (CDRO) and Caesars Entertainment (CZR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Boyd Gaming (BYD) has been the steadiest (Codere Online Luxembourg (CDRO) 32.8%, Boyd Gaming (BYD) 26.3%, Caesars Entertainment (CZR) 40.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDRO, BYD and CZR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Boyd Gaming (BYD) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.