Boyd Gaming (BYD) EBITDA Margin (2010 - 2026)
Boyd Gaming (BYD) posted EBITDA Margin of 27.67% for Q2 2026, up 8.49% on a QoQ basis from 25.5% in Q1 2026, and down 211.0% year-over-year from 24.92% in Q2 2025.
Analysis
Boyd Gaming (BYD) EBITDA Margin (2010 - 2026) Analysis & Trends
Boyd Gaming has reported EBITDA Margin for 17 years, with the latest figure at 27.67% in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 211.0% year-over-year to 27.67% in Q2 2026; TTM through Jun 2026 was 24.42%, a 518.0% decrease from a year earlier, with the FY2025 full-year figure at 25.22%, down 500.0% from the prior year.
- EBITDA Margin was 27.67% for Q2 2026 at Boyd Gaming, up from 25.5% in the prior quarter.
- The five-year high for EBITDA Margin was 36.22% in Q1 2022, with the low at 20.77% in Q3 2025.
- Average EBITDA Margin over 5 years is 29.74%, with a median of 29.81% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin sank 1039 bps in 2023, then surged 919 bps in 2024.
- Over 5 years, EBITDA Margin stood at 33.33% in 2022, then plunged by 31 bps to 22.95% in 2023, then jumped by 40 bps to 32.14% in 2024, then fell by 26 bps to 23.71% in 2025, then increased by 17 bps to 27.67% in 2026.
- The last three EBITDA Margin figures came in at 27.67% (Q2 2026), 25.5% (Q1 2026), and 23.71% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.97 Bn | 24.60 Bn | 1.81 Bn | 19.59% |
| 2 | MGM Resorts International | 10.35 Bn | 7.81 Bn | 3.10 Bn | 11.32% |
| 3 | Wynn Resorts | 9.14 Bn | 7.56 Bn | 1.14 Bn | 24.22% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 27.90% |
| 5 | Churchill Downs | 5.76 Bn | 5.56 Bn | 712.00 Mn | 36.43% |
| 6 | Boyd Gaming | 5.62 Bn | 5.30 Bn | 766.76 Mn | 27.67% |
| 7 | Red Rock Resorts | 3.16 Bn | 2.55 Bn | 420.02 Mn | 26.65% |
| 8 | PENN Entertainment | 2.25 Bn | 1.36 Bn | 1.02 Bn | 7.09% |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | -45.83% |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.41 Bn | 1.05 Bn | 28.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.67% |
| Mar 31, 2026 | 25.50% |
| Dec 31, 2025 | 23.71% |
| Sep 30, 2025 | 20.77% |
| Jun 30, 2025 | 29.78% |
| Mar 31, 2025 | 26.59% |
| Dec 31, 2024 | 32.14% |
| Sep 30, 2024 | 29.77% |
| Jun 30, 2024 | 29.84% |
| Mar 31, 2024 | 28.96% |
| Dec 31, 2023 | 22.95% |
| Sep 30, 2023 | 30.83% |
| Jun 30, 2023 | 32.95% |
| Mar 31, 2023 | 35.51% |
| Dec 31, 2022 | 33.33% |
| Sep 30, 2022 | 34.22% |
| Jun 30, 2022 | 34.66% |
| Mar 31, 2022 | 36.22% |
| Dec 31, 2021 | 32.08% |
| Sep 30, 2021 | 34.11% |