📊 BYD Key Takeaways
Investment Thesis
Boyd Gaming demonstrates exceptional profitability with strong operating margins (18.3%) and impressive returns on equity (70.7%) and assets (28.0%), supported by solid revenue growth of 4.1% YoY. However, the unusually high net margin (45.0%) and diluted EPS surge (+264.5%) suggest one-time gains that may not be sustainable, warranting careful monitoring of normalized earnings power. Despite conservative liquidity (0.54x current ratio), the company maintains healthy operational cash flow (976.7M) and manageable leverage with strong interest coverage (17.7x), supporting fundamental operational strength.
BYD Strengths
- Exceptional profitability metrics (ROE 70.7%, ROA 28.0%) demonstrate efficient capital deployment
- Strong operating cash flow generation (976.7M) with positive free cash flow (388.5M) provides financial flexibility
- Solid interest coverage ratio (17.7x) indicates comfortable debt service capability and low default risk
- Consistent revenue growth (+4.1% YoY) in competitive hospitality sector shows market resilience
BYD Risks
- Abnormally high net margin (45.0%) and extreme EPS growth (+264.5%) suggest significant one-time gains or accounting items that obscure normalized earnings
- Weak liquidity position (0.54x current ratio) raises near-term cash flow concerns despite adequate operating cash generation
- Significant long-term debt (2.0B) represents material obligation relative to equity base, limiting financial flexibility
- Cyclical industry exposure creates revenue vulnerability to economic downturns and consumer spending patterns
Key Metrics to Watch
- Normalized net income and sustainable margin analysis to confirm earnings quality beyond reported 45% net margin
- Operating cash flow trends and capital allocation efficiency to ensure FCF supports debt reduction
- Revenue composition by property and segment to assess growth sustainability in competitive gaming/hospitality markets
BYD Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BYD Profitability Ratios
BYD vs Default Sector
How BOYD GAMING CORP compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BYD Balance Sheet & Liquidity
BYD 5-Year Financial Trend
5-Year Trend Summary: BOYD GAMING CORP's revenue has shown modest growth of 4% over the 5-year period. The most recent EPS of $6.12 reflects profitable operations.
BYD Growth Metrics (YoY)
BYD Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $961.2M | $131.1M | $1.43 |
| Q2 2025 | $967.5M | $139.8M | $1.47 |
| Q1 2025 | $960.5M | $111.4M | $1.31 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BYD Capital Allocation
BYD SEC Filings
Access official SEC EDGAR filings for BOYD GAMING CORP (CIK: 0000906553)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BYD
What is the AI rating for BYD?
BOYD GAMING CORP (BYD) has an AI rating of BUY with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BYD's key strengths?
Exceptional profitability metrics (ROE 70.7%, ROA 28.0%) demonstrate efficient capital deployment. Strong operating cash flow generation (976.7M) with positive free cash flow (388.5M) provides financial flexibility.
What are the risks of investing in BYD?
Abnormally high net margin (45.0%) and extreme EPS growth (+264.5%) suggest significant one-time gains or accounting items that obscure normalized earnings. Weak liquidity position (0.54x current ratio) raises near-term cash flow concerns despite adequate operating cash generation.
What is BYD's revenue and growth?
BOYD GAMING CORP reported revenue of $4.1B.
Does BYD pay dividends?
BOYD GAMING CORP pays dividends, with $58.2M distributed to shareholders in the trailing twelve months.
Where can I find BYD SEC filings?
Official SEC filings for BOYD GAMING CORP (CIK: 0000906553) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BYD's EPS?
BOYD GAMING CORP has a diluted EPS of $22.56.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.