Boyd Gaming (BYD) Gross Margin (2010 - 2026)
Boyd Gaming (BYD) posted quarterly Gross Margin of 74.13% for Q2 2026, down 77.0% year-over-year from 322.29% in Q2 2025, and little changed quarter-over-quarter from 74.45% in Q1 2026.
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 74.13% for Q2 2026.
- In Q2 2026, Gross Margin fell 77.0% year-over-year to 74.13%; the TTM figure through Jun 2026 stood at 74.54% (down 44.0% YoY), while the FY2025 annual figure was 74.91%, up 35.0% from the prior year.
- Gross Margin for Q2 2026 stood at 74.13%, roughly flat from 74.45% in the prior quarter.
- The five-year high for Gross Margin was 76.0% in Q4 2024, with the low at 70.95% in Q1 2022.
- The 5-year median for Gross Margin is 74.02% (2024), against an average of 73.67%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 2890 bps in 2022, then jumped 314 bps in 2023.
- Boyd Gaming's Gross Margin stood at 72.97% in 2022, then advanced by 1 bps to 73.92% in 2023, then rose by 3 bps to 76.0% in 2024, then slipped by 1 bps to 75.4% in 2025, then slipped by 2 bps to 74.13% in 2026.
- Business Quant data shows BYD's Gross Margin at 74.13% in Q2 2026, 74.45% in Q1 2026, and 75.4% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 61.15% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 74.13% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 97.80% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 36.75% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 82.32% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 55.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 74.13% |
| Mar 31, 2026 | 98.68% |
| Dec 31, 2025 | 49.33% |
| Sep 30, 2025 | 93.28% |
| Jun 30, 2025 | 93.65% |
| Mar 31, 2025 | 75.18% |
| Dec 31, 2024 | 99.14% |
| Sep 30, 2024 | 93.48% |
| Jun 30, 2024 | 73.95% |
| Mar 31, 2024 | 74.42% |
| Dec 31, 2023 | 100.33% |
| Sep 30, 2023 | 93.39% |
| Jun 30, 2023 | 98.80% |
| Mar 31, 2023 | 98.22% |
| Dec 31, 2022 | 78.60% |
| Sep 30, 2022 | 94.78% |
| Jun 30, 2022 | 98.07% |
| Mar 31, 2022 | 94.66% |
| Dec 31, 2021 | 98.65% |
| Sep 30, 2021 | 95.06% |