Stocks · Consumer Cyclical · Gambling, Resorts & Casinos
Boyd Gaming Corporation BYD
$67.25 +1.79% Close, Oct 2, 2026 · NYSE · Market cap $4.89B
Inexpensive vs sectorLow risk
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $22.72, up 249.5% year over year.
- At 3.0× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- The diluted share count fell 9.1% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 40%
- EPS growth (TTM, YoY)Top 4%
- FCF growth (TTM, YoY)Bottom 9%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationBottom 23%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 31%
- Gross marginTop 48%
- Operating marginTop 10%
- Cash conversion (OCF / net income)Bottom 5%
- Accruals (lower is better)Bottom 1%
- Net debt / EBITDA (lower is better)Top 25%
- Interest coverTop 37%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 1%
- Free-cash-flow yieldBottom 24%
- EBITDA / enterprise valueTop 1%
- Sales / enterprise valueBottom 32%
- P/E vs own 5-year history (lower is better)Top 8%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 38%
- 6-month returnBottom 21%
- 1-year return vs S&P 500Bottom 32%
- Distance from 52-week highTop 47%
- Trend checklist (0–4)Bottom 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 41%
- Consecutive EPS beatsBottom 33%
- Share of analysts rating BuyTop 42%
- Upside to consensus price targetTop 40%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 5%
- Maximum drawdown, 3 yearsTop 6%
- Beta vs S&P 500 (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Top 25%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.4% | 1.7% | ↓ |
| EPS growth (YoY) | 272.1% | 249.5% | ↓ |
| Gross margin | 51.6% | 37.1% | ↓ |
| Operating margin | 22.9% | 19.5% | ↓ |
| FCF margin | 11.5% | 0.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.7% | 3.4% | ↓ | Bottom 40% |
| EPS growth (TTM, YoY) | 249.5% | 272.1% | ↓ | Top 4% |
| Gross margin | 37.1% | 51.6% | ↓ | Top 48% |
| Operating margin | 19.5% | 22.9% | ↓ | Top 10% |
| Net margin | 44.3% | 14.0% | ↑ | — |
| Free-cash-flow margin | 0.9% | 11.5% | ↓ | — |
| Return on invested capital | 10.2% | — | Top 31% | |
| Revenue growth, 3-year CAGR | 4.8% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.34×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 17.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -44.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.06×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 6.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.18%
- Net buyback yield (TTM)
- 13.43%
- Shareholder yield
- 14.61%
- Share count change, 1 year
- -9.1%
- Share count change, 3-year CAGR
- -9.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +4.9%
- Average 2-day reaction, last 8
- +0.7%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $91.63
- Target vs current price
- +36.3%
- Analysts with a rating
- 38
- Share rating Buy or Strong Buy
- 55%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +2.1% | -0.1% | +4.8% | -4.6% | — |
| Apr 23, 2026 | -6.4% | +3.5% | +0.2% | -8.0% | +2.3% |
| Feb 5, 2026 | +17.6% | -1.3% | -1.6% | -3.2% | -0.3% |
| Oct 23, 2025 | +6.2% | +2.4% | -7.4% | -5.3% | +3.3% |
| Jul 24, 2025 | +12.0% | -1.4% | +3.9% | +0.1% | -1.7% |
| Apr 24, 2025 | +6.6% | -0.6% | +4.1% | +9.9% | +24.3% |
| Feb 6, 2025 | +12.0% | +2.7% | +0.6% | -6.1% | -7.3% |
| Oct 24, 2024 | +10.1% | +0.5% | +10.0% | +12.1% | +18.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $1.93 | $1.89 | +2.1% | $1.03B |
| Apr 23, 2026 | $1.60 | $1.71 | -6.4% | $997.4M |
| Feb 5, 2026 | $2.21 | $1.88 | +17.6% | $1.06B |
| Oct 23, 2025 | $1.72 | $1.62 | +6.2% | $1.00B |
| Jul 24, 2025 | $1.87 | $1.67 | +12.0% | $1.03B |
| Apr 24, 2025 | $1.62 | $1.52 | +6.6% | $991.6M |
| Feb 6, 2025 | $1.96 | $1.75 | +12.0% | $1.04B |
| Oct 24, 2024 | $1.52 | $1.38 | +10.1% | $961.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 3.0× | 11.1× | 0th | Top 1% |
| P/E (forward) | 9.2× | — | — | — |
| EV / EBITDA | 2.8× | — | — | Top 1% |
| EV / Sales | 1.91× | — | — | Bottom 32% |
| Free-cash-flow yield | 0.72% | — | — | Bottom 24% |
| Earnings yield | 33.78% | — | — | Top 1% |
P/E over the past five years
Range 3.4× – 19.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -22.7%
- Earnings per share growth (TTM)
- +249.5%
- Change in P/E multiple
- -71.3%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -7.1%
- 200-day average slope (20 days)
- -1.0%
- Distance from 50-day average
- -14.7%
- Distance from 200-day average
- -19.4%
- RSI (14)
- 22.5
- Relative volume
- 1.23×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.7%
- Volatility vs own 5-year history
- 14th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.73
- Correlation with S&P 500
- 0.45
- Current drawdown from 1-year high
- -26.3%
- Maximum drawdown, 3 years
- -27.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 16, 2022 | Sep 26, 2022 | -35.1% | 152 days | 149 days (May 1, 2023) |
| Jul 19, 2023 | May 28, 2024 | -30.8% | 216 days | 115 days (Nov 8, 2024) |
| Jul 28, 2026 | Oct 1, 2026 | -27.6% | 46 days | Not yet recovered |
| Apr 27, 2021 | Jul 19, 2021 | -25.1% | 57 days | 143 days (Feb 9, 2022) |
| Feb 19, 2025 | Apr 8, 2025 | -23.5% | 34 days | 57 days (Jul 1, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.89B
- P/E (TTM)
- 3.0
- EPS, diluted (TTM)
- $22.72
- Revenue (TTM)
- $4.10B
- Dividend yield
- 1.16%
- 52-week range
- $65.00 – $91.41
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.37B | $3.56B | $3.74B | $3.93B | $4.09B |
| Gross profit | $1.94B | $1.99B | $2.02B | $2.05B | $1.72B |
| Operating income | $900.1M | $981.2M | $901.8M | $927.8M | $876.8M |
| Net income | $463.8M | $639.4M | $620.0M | $578.0M | $1.84B |
| EPS (diluted) | $4.07 | $5.87 | $6.12 | $6.19 | $22.56 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $961.2M | $1.04B | $991.6M | $1.03B | $1.00B | $1.06B | $997.4M | $1.03B |
| Net income | $131.1M | $170.5M | $110.3M | $151.5M | $1.44B | $140.4M | $105.5M | $131.2M |
| EPS (diluted) | $1.43 | $1.92 | $1.31 | $1.84 | $17.81 | $1.79 | $1.37 | $1.75 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.01B | $976.1M | $914.5M | $957.1M | $976.7M |
| Capital expenditure | -$199.5M | -$269.2M | -$373.9M | -$400.4M | -$588.2M |
| Free cash flow | $811.0M | $707.0M | $540.6M | $556.7M | $388.5M |
| Dividends paid | $0 | -$48.2M | -$63.6M | -$62.7M | -$58.2M |
| Net share buybacks | -$80.8M | -$541.6M | -$412.7M | -$685.9M | -$778.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $322.7M
- Total assets
- $6.68B
- Total liabilities
- $4.19B
- Total debt
- $3.26B
- Net debt
- $2.94B
- Shareholders’ equity
- $2.50B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.20 | Oct 15, 2026 |
| Jun 15, 2026 | $0.20 | Jul 15, 2026 |
| Mar 16, 2026 | $0.20 | Apr 15, 2026 |
| Dec 15, 2025 | $0.18 | Jan 15, 2026 |
| Sep 15, 2025 | $0.18 | Oct 15, 2025 |
| Jun 16, 2025 | $0.18 | Jul 15, 2025 |
| Mar 17, 2025 | $0.18 | Apr 15, 2025 |
| Dec 16, 2024 | $0.17 | Jan 15, 2025 |
Short interest
- Shares sold short
- 5,364,822
- Days to cover
- 5.72
- Change vs previous report
- +19.6%
FINRA short interest, settlement date Sep 15, 2026.