Boyd Gaming (BYD) Gross Margin (2010 - 2026)
Boyd Gaming (BYD) recorded quarterly Gross Margin of 74.45% in Q1 2026, down 24.61% quarter-over-quarter from 98.75% in Q4 2025, and down 2390.0% on a YoY basis from 3.25% in Q1 2025.
Boyd Gaming (BYD) Gross Margin (2010 - 2026) Analysis & Trends
Boyd Gaming's Gross Margin history runs 17 years deep, the most recent figure standing at 74.45% for Q1 2026.
- In Q1 2026, Gross Margin fell 2390.0% year-over-year to 74.45%; the TTM figure through Mar 2026 stood at 80.79% (down 2250.0% YoY), while the FY2025 annual figure was 98.75%, up 5.0% from the prior year.
- Gross Margin was 74.45% for Q1 2026 at Boyd Gaming, down from 98.75% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 148.91% in Q4 2023 to a low of 70.95% in Q1 2022.
- Historically, Gross Margin has averaged 91.87% across 5 years, with a median of 96.27% in 2022.
- Biggest YoY gain for Gross Margin was 10517 bps in 2022; the steepest drop was 2890 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 96.27% in 2022, then surged by 55 bps to 148.91% in 2023, then fell by 15 bps to 126.07% in 2024, then declined by 22 bps to 98.75% in 2025, then dropped by 25 bps to 74.45% in 2026.
- The last three Gross Margin figures came in at 74.45% (Q1 2026), 98.75% (Q4 2025), and 74.15% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 95.16% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 74.45% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | - |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 94.56% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | - |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 85.91% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 96.92% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 97.77% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 54.59% |
| 10 | Monarch Casino & Resort | 2.19 Bn | 2.07 Bn | 34.95 Mn | 25.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 74.45% |
| Dec 31, 2025 | 98.75% |
| Sep 30, 2025 | 74.15% |
| Jun 30, 2025 | 74.90% |
| Mar 31, 2025 | 98.34% |
| Dec 31, 2024 | 126.07% |
| Sep 30, 2024 | 98.76% |
| Jun 30, 2024 | 88.35% |
| Mar 31, 2024 | 98.66% |
| Dec 31, 2023 | 148.91% |
| Sep 30, 2023 | 72.15% |
| Jun 30, 2023 | 72.74% |
| Mar 31, 2023 | 98.80% |
| Dec 31, 2022 | 96.27% |
| Sep 30, 2022 | 97.97% |
| Jun 30, 2022 | 71.55% |
| Mar 31, 2022 | 70.95% |
| Dec 31, 2021 | -8.90% |
| Sep 30, 2021 | 70.38% |
| Jun 30, 2021 | 98.76% |