Boyd Gaming Corp
Boyd Gaming Corp (BYD) is listed on NYSE and classified in Resorts & Casinos, part of the Consumer Cyclical sector. It is headquartered in Las Vegas, United States and has 16,009 employees. The company is worth $5.25B and trades at 3.2x its earnings of the last twelve months; the median for its sector is 17.7x. Revenue was $4.09B in fiscal 2025, up 4.1% from the year before. Net income was $1.84B. The share price is 20.9% below its 52-week high of $91.41. It pays a dividend yielding 1.11%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $37.73M. In that quarter, 3 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +19.5% over 5Y.
today you would have $1,152.99▲ +15.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $85.24 | $72.54 | $62.61 | $54.53 | $65.57 | $42.92 | $29.94 | $20.78 | $35.05 | $20.17 | $19.87 | $12.78 | $11.26 | $6.64 | $7.46 | $10.60 | $8.37 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 1.1% dividend yield. Growth capped at 25%.
Median P/E of 17.7 among peers in the sector.
Median P/E of 18.4 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 10.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Consumer Cyclical, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| IBPInstalled Building Products, Inc. | $198.13 | 20.3x | 8.2x | 1.69% | 38.45% | $5.27B |
| MTNVail Resorts Inc | $148.23 | 36.2x | 22.0x | 5.99% | 26.04% | $5.28B |
| RUSHARush Enterprises Inc \tx\ | $45.54 | 20.6x | 2.3x | 1.23% | 11.79% | $5.32B |
| ANAutonation Inc | $161.84 |
| 18.4x |
| 3.8x |
| 11.7x |
| 10.2x |
| 9.3x |
| 16.1x |
| — |
| 21.7x |
| 20.8x |
| 21.4x |
| 5.5x |
| 47.3x |
| — |
| — |
| — |
| — |
| 88.3x |
| 167.4x |
| P/S | 1.0x | 1.6x | 1.5x | 1.6x | 1.6x | 2.1x | 2.2x | 1.0x | 0.9x | 1.6x | 1.0x | 1.0x | 0.7x | 0.4x | 0.2x | 0.3x | 0.4x | 0.4x |
| P/B | 2.6x | 2.5x | 3.8x | 3.4x | 3.5x | 4.7x | 4.3x | 2.6x | 2.0x | 3.6x | 2.5x | 4.4x | 3.2x | 2.6x | 1.9x | 0.5x | 0.8x | 0.6x |
| EPS | $22.56 | $6.19 | $6.12 | $5.87 | $4.07 | -$1.19 | $1.38 | $1.00 | $1.64 | $3.65 | $0.42 | -$0.48 | -$0.83 | -$10.37 | -$0.04 | $0.12 | $0.05 |
| Dividend yield | 0.94% | 0.84% | 0.94% | 1.02% | 1.10% | — | — | 0.90% | 1.11% | 0.43% | — | — | — | — | — | — | — | — |
| Payout | 10.46% | 3.19% | 10.99% | 10.46% | 10.22% | — | — | 19.57% | 23.00% | 9.15% | — | — | — | — | — | — | — | — |
| Profit margin | 4.38% | 45.05% | 14.71% | 16.58% | 17.98% | 13.76% | -6.18% | 4.74% | 4.38% | 7.89% | 19.11% | 2.15% | -2.48% | -2.77% | -36.61% | -0.17% | 0.48% | 0.26% |
| ROE | 10.04% | 70.66% | 36.54% | 35.55% | 40.20% | 30.14% | -11.98% | 12.46% | 10.04% | 17.26% | 45.18% | 9.30% | -12.11% | -17.08% | -299.17% | -0.32% | 0.87% | 0.37% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+206.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 7.1x |
| 2.4x |
| 0.00% |
| 32.77% |
| $5.35B |
| RRRRed Rock Resorts, Inc. | $50.43 | 17.4x | 17.1x | 4.05% | 108.94% | $5.14B |
| FNDFloor & Decor Holdings, Inc. | $48.17 | 22.5x | 2.1x | 0.00% | 9.69% | $5.13B |