Boyd Gaming (BYD) Gross Margin (2010 - 2026)
Boyd Gaming (BYD) posted Gross Margin of 74.13% for Q2 2026, little changed on a QoQ basis from 74.45% in Q1 2026, and down 77.0% year-over-year from 322.29% in Q2 2025.
Analysis
Boyd Gaming (BYD) Gross Margin (2010 - 2026) Analysis & Trends
Boyd Gaming has reported Gross Margin for 17 years, with the latest figure at 74.13% in Q2 2026.
- On a quarterly basis, Gross Margin fell 77.0% year-over-year to 74.13% in Q2 2026; TTM through Jun 2026 was 74.54%, a 44.0% decrease from a year earlier, with the FY2025 full-year figure at 74.91%, up 35.0% from the prior year.
- Gross Margin was 74.13% for Q2 2026 at Boyd Gaming, roughly flat from 74.45% in the prior quarter.
- The five-year high for Gross Margin was 99.99% in Q1 2022, with the low at 71.3% in Q3 2022.
- Average Gross Margin over 5 years is 76.86%, with a median of 74.14% recorded in 2026.
- The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 2835 bps in 2022, then jumped 208 bps in 2024.
- Over 5 years, Gross Margin stood at 72.97% in 2022, then grew by 1 bps to 73.92% in 2023, then advanced by 3 bps to 76.0% in 2024, then declined by 1 bps to 75.4% in 2025, then declined by 2 bps to 74.13% in 2026.
- The last three Gross Margin figures came in at 74.13% (Q2 2026), 74.45% (Q1 2026), and 75.4% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 28.23 Bn | 24.85 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.30 Bn | 7.75 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 9.26 Bn | 7.69 Bn | 1.14 Bn | 61.15% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 5 | Churchill Downs | 5.87 Bn | 5.67 Bn | 712.00 Mn | 72.65% |
| 6 | Boyd Gaming | 5.64 Bn | 5.31 Bn | 766.76 Mn | 74.13% |
| 7 | Red Rock Resorts | 3.18 Bn | 2.57 Bn | 420.02 Mn | 82.32% |
| 8 | PENN Entertainment | 2.30 Bn | 1.41 Bn | 1.02 Bn | 55.14% |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | 27.09% |
| 10 | Melco Resorts & Entertainment | 2.01 Bn | 1.44 Bn | 1.05 Bn | 97.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.13% |
| Mar 31, 2026 | 74.45% |
| Dec 31, 2025 | 75.40% |
| Sep 30, 2025 | 74.15% |
| Jun 30, 2025 | 74.90% |
| Mar 31, 2025 | 75.18% |
| Dec 31, 2024 | 76.00% |
| Sep 30, 2024 | 73.76% |
| Jun 30, 2024 | 73.95% |
| Mar 31, 2024 | 74.42% |
| Dec 31, 2023 | 73.92% |
| Sep 30, 2023 | 72.15% |
| Jun 30, 2023 | 72.74% |
| Mar 31, 2023 | 74.09% |
| Dec 31, 2022 | 72.97% |
| Sep 30, 2022 | 71.30% |
| Jun 30, 2022 | 99.98% |
| Mar 31, 2022 | 99.99% |
| Dec 31, 2021 | 100.06% |
| Sep 30, 2021 | 99.64% |