Boyd Gaming (BYD) FCF Margin (2010 - 2026)
Boyd Gaming's FCF Margin came in at -16.00% for Q2 2026, down 23.79 percentage points from 7.79% a year earlier and down 13.91 percentage points from the prior quarter.
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Analysis
Boyd Gaming (BYD) FCF Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Boyd Gaming reported FCF Margin of 0.58%, down 10.76 percentage points year-over-year; for FY2025, it came in at 9.22%, down 4.76 percentage points from FY2024.
- FCF Margin has declined in each of the last four years, though with a five-year change of +3.98 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 13.98% in FY2024 (-0.14 pp), 14.12% in FY2023 (-5.70 pp), 19.81% in FY2022 (-4.16 pp) and 23.97% in FY2021 (+18.74 pp).
- The Q2 2026 figure represents the lowest quarterly FCF Margin since Q2 2020.
- Year-over-year, FCF Margin has declined for six consecutive quarters, with an average year-over-year change of -6.28 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2021 (a gain of 5.30 percentage points), and the weakest in Q2 2026 (a drop of 23.79 percentage points).
- Business Quant data shows BYD's FCF Margin at -2.09% (Q1 2026), 10.89% (Q4 2025) and 9.40% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 11.10% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | 7.40% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | 8.07% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 20.67% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | -6.20% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 18.25% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 7.13% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 10.16% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Boyd Gaming | 5.06 Bn | 3.69 Bn | 520.16 Mn | -16.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.00% |
| Mar 31, 2026 | -2.09% |
| Dec 31, 2025 | 10.89% |
| Sep 30, 2025 | 9.40% |
| Jun 30, 2025 | 7.79% |
| Mar 31, 2025 | 8.72% |
| Dec 31, 2024 | 13.79% |
| Sep 30, 2024 | 15.19% |
| Jun 30, 2024 | 10.20% |
| Mar 31, 2024 | 16.77% |
| Dec 31, 2023 | 11.48% |
| Sep 30, 2023 | 13.99% |
| Jun 30, 2023 | 11.54% |
| Mar 31, 2023 | 19.30% |
| Dec 31, 2022 | 16.19% |
| Sep 30, 2022 | 22.51% |
| Jun 30, 2022 | 19.05% |
| Mar 31, 2022 | 21.74% |
| Dec 31, 2021 | 19.24% |
| Sep 30, 2021 | 27.94% |
API Access
Boyd Gaming FCF 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=fcf-margin&ticker=BYD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=BYD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();