BYD
Boyd Gaming margins
- Stocks
- Consumer Cyclical
- NYSE: BYD
- Margins
The Boyd Gaming shows a gross margin of 49%, an operating margin of 16.4%, an EBITDA margin of 69.9%, and a net margin of 44.3%. Across the available margins, EBITDA margin advanced the most and operating margin weakened the most, by 37.5 and 6.5 percentage points respectively.
BYD margin history
Over the last 3 years, Boyd Gaming's margins averaged 51.49% gross, 21.06% operating, 46.16% EBITDA, and 25.51% net. For Boyd Gaming, EBITDA and net margins are above their three-year averages, while gross and operating margins are below their three-year averages.
BYD margin expansion
The strongest improvement was in EBITDA margin, which increased by 37.5 percentage points, and net margin also expanded by 30.3 percentage points, whereas gross margin contracted by 2.6 percentage points and operating margin by 6.5 percentage points.
BYD Gross margin
Boyd Gaming's gross margin averaged 51.49% during the last 3 years. Compared with its three-year average, Boyd Gaming's current gross margin is 49% and is 2.5 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 21.06%. The current operating margin of 16.4% is 4.7 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 46.16% in the last 3 years. Compared with its three-year average, Boyd Gaming's current EBITDA margin is 69.9% and is 23.7 percentage points above 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 30.6% in Sep 2024.
BYD Net margin
Boyd Gaming recorded an average net margin of 25.51% across the last 3 years. Boyd Gaming currently reports a net margin of 44.3%, 18.8 percentage points above 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 13% at its lowest in Sep 2024.
BYD margin group comparison
With a gross margin of 49%, 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
Frequently asked questions
What is Boyd Gaming's gross margin?
The current gross margin for BYD is 49% as of Jun 30, 2026.
What is Boyd Gaming's operating margin?
As of Jun 30, 2026, BYD has an operating margin of 16.4%.
What is Boyd Gaming's EBITDA margin?
For the period ending Jun 30, 2026, BYD recorded an EBITDA margin of 69.9%.
What is Boyd Gaming's net margin?
As of Jun 30, 2026, BYD has a net margin of 44.3%.
What are the average margins of BYD?
Looking back over 3 years, BYD recorded average margins of 51.5% gross, 21.1% operating, 46.2% EBITDA, and 25.5% 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, 30.6% EBITDA in Sep 2024, and 13% net in Sep 2024.