CDRO vs MGM vs BYD Stock Comparison

Codere Online Luxembourg, MGM Resorts International and Boyd Gaming Prices as of Oct 26, 2026 Peers: Industry group
MGM MGM Resorts International
$28.52 -12.5% 1M -13.1% 1Y
Market cap
$7.19B
P/E
16.9x
Revenue (TTM)
$17.76B
Div. yield
–
Casinos Consumer Discretionary
3 wins
BYD Boyd Gaming Corp
$72.46 +1.7% 1M -8.0% 1Y
Market cap
$5.36B
P/E
2.8x
Revenue (TTM)
$4.08B
Div. yield
–
Casinos Consumer Discretionary
4 wins

Head to Head

8 decided of 12

Boyd Gaming leads on 4 of the 12 questions below (Boyd Gaming 4, MGM Resorts International 3, Codere Online Luxembourg 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDROMGMBYDLeader
Larger companyMarket capitalisation $433.34M $7.19B $5.36B MGM
Cheaper on earningsLower P/E, profitable companies only — 16.9x 2.8x BYD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.9x 17.3x 10.7x BYD
Faster revenue growthRevenue growth, trailing twelve months — +3.2% +0.3% MGM
More profitableNet margin, trailing twelve months — 2.4% — –
Better return on capitalReturn on invested capital — 10.6% — –
Less leveragedLower net debt / EBITDA — 1.7x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +40.4% -13.1% -8.0% CDRO
Better 5-year returnAnnualised price return, 5 years -1.6%/yr -9.5%/yr +1.5%/yr BYD
Less volatileAnnualised volatility, 1 year 31.7% 39.2% 26.3% BYD
Higher overall scoreMean of the five percentile scores vs peers — 70/100 48/100 MGM

Percentile Scorecard

CDROMGMBYD

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

AxisCDROMGMBYD
Valuation – 98 #2 of 44 77 #11 of 44
Growth – 52 #21 of 43 41 #26 of 43
Profitability – 60 #17 of 41 –
Financial Health 80 #10 of 47 63 #18 of 47 –
Shareholder Returns – 78 #7 of 28 26 #21 of 28
Overall – 70 48
  • CDRO ranked among 48 companies in Gaming and Leisure
  • MGM ranked among 48 companies in Gaming and Leisure
  • BYD 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

PeriodCDROMGMBYDSPY
1 month -8.0%-12.5%+1.7% -0.8%
3 months -1.9%-38.4%-18.9% +3.5%
6 months +3.5%-29.7%-17.2% +7.0%
Year to date +14.7%-21.8%-15.0% +12.2%
1 year +40.4%-13.1%-8.0% +13.0%
3 years +204.0%-16.7%+32.8% +86.3%
3 years, per year +44.9%-5.9%+9.9% +23.1%
5 years -7.7%-39.3%+7.8% +68.6%
5 years, per year -1.6%-9.5%+1.5% +11.0%
10 years —+9.1%+291.5% +258.0%
10 years, per year —+0.9%+14.6% +13.6%

Risk

MeasureCDROMGMBYDSPY
Volatility, 1Y 31.7%39.2%26.3% 12.7%
Downside volatility, 1Y 29.5%35.3%26.4% 12.7%
Beta vs S&P 500, 1Y 0.450.860.57 1.00
Return / volatility, 1Y 1.27-0.33-0.30 1.02
Max drawdown, 5Y -79.0%-49.3%-35.1% -25.4%
From 52-week high -9.7%-43.7%-20.5% -1.8%
52-week high $10.20$50.69$91.15 $779.14
52-week low $5.43$28.03$66.10 $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.

MultipleCDROMGMBYD
P/E now vs peer median —median 17.1x 17.0xmedian 17.1x 2.8xmedian 17.1x
P/S now vs peer median —median 1.9x 0.4xmedian 1.9x 1.3xmedian 1.9x
EV/EBITDA now vs peer median —median 10.9x 5.0xmedian 10.9x —median 10.9x
P/FCF now vs peer median —median 11.4x 4.8xmedian 11.4x -8.7xmedian 11.4x
P/B now vs peer median 9.5xmedian 2.5x 2.1xmedian 2.5x —median 2.5x
PEG now vs peer median —median 0.57 0.99median 0.57 —median 0.57

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 monthsCDROMGMBYD
Revenue – $17.76B $4.08B
Gross profit – $7.84B –
Operating income – $1.02B $725.98M
Net income – $595.10M $496.64M
Free cash flow – $1.49B –
EPS (diluted) – $1.65 –
Cash & equivalents $71.43M $2.55B –
Total debt – $6.07B –
Shares (diluted) 45.89M 257.76M 74.82M
Enterprise value $162.14M -$1.85B $5.36B

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
MetricCDROMGMBYD
P/E – 17.0x 2.8x
P/FCF – 4.8x -8.7x
P/Operating cash flow – 2.9x –
P/S – 0.4x 1.3x
P/B 9.5x 2.1x –
P/Tangible book 9.5x 3.4x –
EV/EBITDA – 5.0x –
EV/EBIT – 10.5x –
EV/Revenue – 0.6x 1.3x
EV/FCF – 7.2x –
EV/Operating cash flow – 4.3x –
PEG (3Y EPS CAGR) – 0.99 –

Growth

14 metrics
MetricCDROMGMBYD
Revenue growth (1Y) – 3.2% 0.3%
Revenue CAGR (3Y) – 6.2% 3.3%
Gross profit growth (1Y) – 1.4% –
Gross profit CAGR (3Y) – 3.0% –
Operating income growth (1Y) – -27.1% -13.9%
Operating income CAGR (3Y) – 165.5% -10.0%
Net income growth (1Y) – -28.0% -73.5%
Net income CAGR (3Y) – 135.7% -10.8%
EPS growth (1Y) – -15.6% –
EPS CAGR (3Y) – 17.2% –
Operating cash flow growth (1Y) – -2.7% –
Operating cash flow CAGR (3Y) – 5.4% –
Free cash flow growth (1Y) – 15.4% –
Free cash flow CAGR (3Y) – 8.1% –

Profitability

14 metrics
MetricCDROMGMBYD
Gross margin – 44.2% –
EBITDA margin – 12.0% –
Operating margin – 5.7% –
Pretax margin – 2.8% –
Net margin – 2.4% –
FCF margin – 8.4% –
Operating cash flow margin – 13.9% –
Return on equity – 20.2% –
Return on assets – 1.7% –
Return on invested capital – 10.6% –
Return on capital employed – 2.7% –
Asset turnover – 0.4x –
Cash conversion (OCF / net income) – 4.1x –
Stock comp / revenue – 0.5% –

Financial Health

11 metrics
MetricCDROMGMBYD
Debt / assets – 15.2% –
Debt / equity – 1.8x –
Net debt / EBITDA – 1.7x –
Debt / FCF – 4.1x –
Liabilities / assets 61.1% 91.5% –
Equity / assets 38.9% 8.5% –
Interest coverage – 2.5x –
Current ratio 1.5x 1.3x –
Quick ratio 1.5x 1.1x –
Cash ratio 1.3x 0.8x –
Altman Z-score – 0.76 –

Shareholder Returns

7 metrics
MetricCDROMGMBYD
Dividend yield – – 1.1%
Net buyback yield – 10.8% –
Shareholder yield – 10.8% 1.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusCDROMGMBYD
Forward P/E 27.9xFY2026 17.3xFY2026 10.7xFY2026
EPS, next fiscal year $0.33FY2026 $1.65FY2026 $6.78FY2026
EPS growth, next FY – -50.2%FY2026 -8.4%FY2026
EPS growth, the year after +84.8% +9.7% +7.1%
Revenue, next fiscal year $306.62MFY2026 $18.45BFY2026 $4.36BFY2026
Revenue growth, next FY +16.5%FY2026 +5.2%FY2026 +6.5%FY2026
Revenue growth, the year after -4.0% +0.3% -7.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDROMGMBYD
Held by institutions 12.2% 66.8% 72.8%
Institutions holding 20 661 423
Change in shares held, QoQ +0.4% +0.0% +5.4%
Institutions buying 10 305 186
Institutions selling 4 235 175
Buyers to sellers 2.50 1.30 1.06

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.

CDROMGMBYD
CDRO 1.00 0.12 0.15
MGM 0.12 1.00 0.52
BYD 0.15 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDRO, MGM and BYD?

MGM Resorts International (MGM) is the largest by market capitalisation: Codere Online Luxembourg (CDRO) $433.34M, MGM Resorts International (MGM) $7.19B, Boyd Gaming (BYD) $5.36B.

Which stock is cheaper, CDRO, MGM and BYD?

Boyd Gaming (BYD) trades on the lowest price-to-earnings ratio (MGM Resorts International (MGM) 16.9x, Boyd Gaming (BYD) 2.8x). On next year's consensus earnings, Boyd Gaming (BYD) is cheapest (Codere Online Luxembourg (CDRO) 27.9x, MGM Resorts International (MGM) 17.3x, Boyd Gaming (BYD) 10.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

MGM Resorts International (MGM) grew revenue fastest over the trailing twelve months: MGM Resorts International (MGM) +3.2%, Boyd Gaming (BYD) +0.3%.

Which stock has performed better?

Over the past year Codere Online Luxembourg (CDRO) returned the most: Codere Online Luxembourg (CDRO) +40.4%, MGM Resorts International (MGM) -13.1%, Boyd Gaming (BYD) -8.0%. Over five years, Boyd Gaming (BYD) compounded fastest (Codere Online Luxembourg (CDRO) -1.6%/yr, MGM Resorts International (MGM) -9.5%/yr, Boyd Gaming (BYD) +1.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Boyd Gaming (BYD) has been the steadiest (Codere Online Luxembourg (CDRO) 31.7%, MGM Resorts International (MGM) 39.2%, Boyd Gaming (BYD) 26.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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 4. 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.