Boyd Gaming (BYD) EBITDA Margin (2010 - 2026)
Boyd Gaming's EBITDA Margin was 28.21% in Q2 2026, down 2.00 percentage points from 30.21% a year earlier but up 2.24 percentage points from the prior quarter.
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Analysis
Boyd Gaming (BYD) EBITDA Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Boyd Gaming's EBITDA Margin was 24.92% through Jun 30, 2026, down 5.11 percentage points year-over-year; for FY2025, it was 25.69%, down 4.96 percentage points from FY2024.
- EBITDA Margin has now declined for three consecutive years, though with a five-year change of +12.13 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 30.65% in FY2024 (-0.35 pp), 30.99% in FY2023 (-3.87 pp), 34.86% in FY2022 (+0.20 pp) and 34.66% in FY2021 (+21.10 pp).
- Quarterly EBITDA Margin has moved between 21.26% (Q3 2025) and 36.43% (Q1 2022) over five years.
- Compared with a year earlier, EBITDA Margin has declined for six straight quarters, with an average year-over-year change of -1.84 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q4 2024 (a gain of 9.18 percentage points); the worst was Q4 2023 (a drop of 10.37 percentage points).
- Per Business Quant data, BYD's EBITDA Margin in the three quarters before Q2 2026 was 25.97% (Q1 2026), 24.21% (Q4 2025) and 21.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 31.36% |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | 0.84% |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | 5.89% |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 11.82% |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | 26.91% |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 24.93% |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 17.66% |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 29.00% |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | 19.44% |
| 10 | Boyd Gaming | 4.87 Bn | 3.50 Bn | 520.16 Mn | 28.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.21% |
| Mar 31, 2026 | 25.97% |
| Dec 31, 2025 | 24.21% |
| Sep 30, 2025 | 21.26% |
| Jun 30, 2025 | 30.21% |
| Mar 31, 2025 | 27.04% |
| Dec 31, 2024 | 32.57% |
| Sep 30, 2024 | 30.20% |
| Jun 30, 2024 | 30.26% |
| Mar 31, 2024 | 29.39% |
| Dec 31, 2023 | 23.39% |
| Sep 30, 2023 | 31.30% |
| Jun 30, 2023 | 33.40% |
| Mar 31, 2023 | 35.94% |
| Dec 31, 2022 | 33.77% |
| Sep 30, 2022 | 34.47% |
| Jun 30, 2022 | 34.86% |
| Mar 31, 2022 | 36.43% |
| Dec 31, 2021 | 32.43% |
| Sep 30, 2021 | 34.49% |
API Access
Boyd Gaming EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BYD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BYD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BYD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();