Boyd Gaming (BYD) Gross Margin (2011 - 2026)
Boyd Gaming (BYD) recorded Gross Margin of 50.29% in Q2 2026, down 0.69 percentage points from 50.97% a year earlier but up 0.95 percentage points from the prior quarter.
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Analysis
Boyd Gaming (BYD) Gross Margin (2011 - 2026) Analysis & Trends
On a TTM basis, Boyd Gaming's Gross Margin came in at 49.00% as of Jun 30, 2026, down 2.60 percentage points year-over-year; for FY2025, it was 49.54%, down 2.61 percentage points from FY2024.
- Annual Gross Margin has declined for four straight years, with a five-year change of -2.85 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 52.16% in FY2024 (-1.84 pp), 53.99% in FY2023 (-1.98 pp), 55.98% in FY2022 (-1.51 pp) and 57.49% in FY2021 (+5.10 pp).
- Quarterly Gross Margin has ranged from 47.80% in Q4 2025 to 57.65% in Q3 2021 over the past five years.
- On a year-over-year basis, Gross Margin has declined for 18 consecutive quarters, with an average year-over-year change of -1.78 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 1.94 percentage points in Q4 2021, against a drop of 4.82 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 49.34% (Q1 2026), 47.80% (Q4 2025) and 48.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 46.92% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | 38.21% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | 39.60% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 42.77% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 47.61% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 40.87% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 44.47% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 50.08% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Boyd Gaming | 5.06 Bn | 3.69 Bn | 520.16 Mn | 50.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.29% |
| Mar 31, 2026 | 49.34% |
| Dec 31, 2025 | 47.80% |
| Sep 30, 2025 | 48.61% |
| Jun 30, 2025 | 50.97% |
| Mar 31, 2025 | 50.86% |
| Dec 31, 2024 | 52.61% |
| Sep 30, 2024 | 51.95% |
| Jun 30, 2024 | 52.40% |
| Mar 31, 2024 | 51.62% |
| Dec 31, 2023 | 52.90% |
| Sep 30, 2023 | 53.38% |
| Jun 30, 2023 | 55.33% |
| Mar 31, 2023 | 54.37% |
| Dec 31, 2022 | 55.23% |
| Sep 30, 2022 | 56.08% |
| Jun 30, 2022 | 56.42% |
| Mar 31, 2022 | 56.21% |
| Dec 31, 2021 | 56.19% |
| Sep 30, 2021 | 57.65% |
API Access
Boyd Gaming Gross 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=gross-margin&ticker=BYD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=BYD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();