Boyd Gaming (BYD) Operating Margin (2010 - 2026)
Boyd Gaming (BYD) recorded quarterly Operating Margin of 16.44% in Q1 2026, up 4.96% quarter-over-quarter from 15.67% in Q4 2025, and down 372.0% on a YoY basis from 6.05% in Q1 2025.
Boyd Gaming (BYD) Operating Margin (2010 - 2026) Analysis & Trends
Boyd Gaming's Operating Margin history runs 17 years deep, the most recent figure standing at 16.44% for Q1 2026.
- In Q1 2026, Operating Margin fell 372.0% year-over-year to 16.44%; the TTM figure through Mar 2026 stood at 17.39% (down 554.0% YoY), while the FY2025 annual figure was 18.29%, down 532.0% from the prior year.
- Operating Margin was 16.44% for Q1 2026 at Boyd Gaming, up from 15.67% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 29.55% in Q1 2023 to a low of 61.68% in Q4 2023.
- Historically, Operating Margin has averaged 18.41% across 5 years, with a median of 23.47% in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Margin slumped 8851 bps in 2023, then jumped 8678 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 26.83% in 2022, then sank by 330 bps to 61.68% in 2023, then jumped by 141 bps to 25.1% in 2024, then slumped by 38 bps to 15.67% in 2025, then rose by 5 bps to 16.44% in 2026.
- The last three Operating Margin figures came in at 16.44% (Q1 2026), 15.67% (Q4 2025), and 13.92% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 15.22% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 16.44% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 195.99% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 17.42% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 31.83% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | -2.96% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 28.32% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 4.77% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 5.46% |
| 10 | Monarch Casino & Resort | 2.19 Bn | 2.07 Bn | 34.95 Mn | -48.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.44% |
| Dec 31, 2025 | 15.67% |
| Sep 30, 2025 | 13.92% |
| Jun 30, 2025 | 23.44% |
| Mar 31, 2025 | 20.16% |
| Dec 31, 2024 | 25.10% |
| Sep 30, 2024 | 22.89% |
| Jun 30, 2024 | 23.47% |
| Mar 31, 2024 | 22.84% |
| Dec 31, 2023 | -61.68% |
| Sep 30, 2023 | 24.12% |
| Jun 30, 2023 | 26.61% |
| Mar 31, 2023 | 29.55% |
| Dec 31, 2022 | 26.83% |
| Sep 30, 2022 | 27.07% |
| Jun 30, 2022 | 27.40% |
| Mar 31, 2022 | 29.17% |
| Dec 31, 2021 | 24.65% |
| Sep 30, 2021 | 26.47% |
| Jun 30, 2021 | 29.81% |