BYD Boyd Gaming margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 62

Gross margin

49.1%

Operating margin

17.8%

EBITDA margin

29.5%

Net margin

12.3%

The Boyd Gaming shows a gross margin of 49.1%, an operating margin of 17.8%, an EBITDA margin of 29.5%, and a net margin of 12.3%. EBITDA margin drove the decline across the available margins, decreasing by 43.3 percentage points.

BYD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Boyd Gaming's margins averaged 51.29% gross, 20.79% operating, 44.78% EBITDA, and 24.41% net. Each of the four current margins is below its three-year average.

BYD margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in EBITDA margin, which fell by 43.3 percentage points. The other available margins also declined.

Gross margin expansion

-1.7pp

Operating margin expansion

-2.9pp

EBITDA margin expansion

-43.3pp

Net margin expansion

-33.7pp

BYD Gross margin

Boyd Gaming's gross margin averaged 51.29% during the last 3 years. Compared with its three-year average, Boyd Gaming's current gross margin is 49.1% and is 2.2 percentage points below its three-year average. Over the last 3 years, Boyd Gaming's gross margin peaked at 54% in Dec 2023 and reached a low of 49% in Jun 2026.

BYD Operating margin

Over the last 3 years, Boyd Gaming's operating margin averaged 20.79%. The current operating margin of 17.8% is 3 percentage points below its three-year average. During this period, operating margin reached a high of 24.1% in Dec 2023 and a low of 16.4% in Jun 2026.

BYD EBITDA margin

Boyd Gaming's EBITDA margin averaged 44.78% in the last 3 years. Compared with its three-year average, Boyd Gaming's current EBITDA margin is 29.5% and is 15.3 percentage points below its three-year average. Over the last 3 years, Boyd Gaming's EBITDA margin peaked at 72.8% in Sep 2025 and reached a low of 29.5% in Sep 2026.

BYD Net margin

Boyd Gaming recorded an average net margin of 24.41% across the last 3 years. Boyd Gaming currently reports a net margin of 12.3%, 12.1 percentage points below its three-year average. Looking back over the last 3 years, Boyd Gaming's net margin reached 46% at its highest point in Sep 2025 and 12.3% at its lowest in Sep 2026.

BYD margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 49.1%, BYD is above the Consumer Cyclical sector, the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.3%, Boyd Gaming's gross margin is 35% higher.

BYD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Boyd Gaming's gross margin?

The current gross margin for BYD is 49.1% as of Sep 30, 2026.

What is Boyd Gaming's operating margin?

As of Sep 30, 2026, BYD has an operating margin of 17.8%.

What is Boyd Gaming's EBITDA margin?

For the period ending Sep 30, 2026, BYD recorded an EBITDA margin of 29.5%.

What is Boyd Gaming's net margin?

As of Sep 30, 2026, BYD has a net margin of 12.3%.

What are the average margins of BYD?

Looking back over 3 years, BYD recorded average margins of 51.3% gross, 20.8% operating, 44.8% EBITDA, and 24.4% net.

What are the highest historical margins of BYD?

Across the 5-year period, BYD posted its highest margins at 57.5% gross in Dec 2021, 27.7% operating in Mar 2023, 72.8% EBITDA in Sep 2025, and 46% net in Sep 2025.

What are the lowest historical margins of BYD?

In the last 5 years, the lowest margins reported by BYD were 49% gross in Jun 2026, 16.4% operating in Jun 2026, 29.5% EBITDA in Sep 2026, and 12.3% net in Sep 2026.