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Companies / Consumer Discretionary / BOYD GAMING CORP
BYD

BOYD GAMING CORP

Consumer DiscretionaryServices
Ticker BYDLAS VEGAS, NVFiscal year ends DecemberBook value per share $32.99Diluted shares 75.8M

Boyd Gaming Corporation (NYSE: BYD) operates as a multi-jurisdictional gaming company headquartered in Las Vegas with a presence across eleven states. The company was founded in 1975 and operates through its website at www.boydgaming.com. Boyd Gaming maintains a diverse portfolio of 27 brick-and-mortar gaming… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.09B
+4.1% year over year
Last 12 mo $4.10B
18.29%
−5.3 percentage points
Last 12 mo 16.37%
$1.84B
+218.2% year over year
Last 12 mo $1.81B
75.31%
+38.2 percentage points
Last 12 mo 72.67%
Cash & financing
$976.68M
+2.0% year over year
Last 12 mo $626.07M
$388.46M
−30.2% year over year
Last 12 mo $76.52M
0.78
Was 2.01× a year earlier
Last 12 mo 1.05
81.7M
−12.5% year over year
Last 12 mo 75.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What BOYD GAMING CORP does

In the company’s own words

Boyd Gaming Corporation (NYSE: BYD) operates as a multi-jurisdictional gaming company headquartered in Las Vegas with a presence across eleven states. The company was founded in 1975 and operates through its website at www.boydgaming.com. Boyd Gaming maintains a diverse portfolio of 27 brick-and-mortar gaming entertainment properties alongside online gaming operations, serving customers through both physical locations and digital platforms.

The company's gaming properties span Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, Pennsylvania, and Virginia. Boyd Gaming also manages the Sky River Casino in California through a management agreement with Wilton Rancheria and operates a transitional casino in Norfolk, Virginia that opened in November 2025, with a permanent resort expected in late 2027. The company's property portfolio includes land-based casinos, dockside riverboat casinos, racinos, and barge-based casinos offering a combined 1,730,321 square feet of casino space with 27,267 slot machines, 600 table games, and 10,146 hotel rooms as of year-end 2025.

Boyd Gaming organizes its operations into four reportable segments: Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. Gaming revenues represent approximately 64 percent of total revenues, while online reimbursements generate 14 percent. Food and beverage, room revenues, online revenues, and management fees each contribute eight percent or less. The company also operates Boyd Interactive, providing business-to-business and business-to-consumer online casino gaming in regulated markets across the United States and Canada under brands including Stardust, Resorts Casino, and Mohegan Sun. Through market access agreements with third-party operators, Boyd Gaming offers online sports wagering in multiple states.

The company employs 16,009 team members across its properties and corporate functions, with collective bargaining agreements covering 989 employees. Boyd Gaming maintains a nationwide loyalty program called Boyd Rewards with five player tiers, and operates Lattner Entertainment Group Illinois, a distributed gaming operator with 973 gaming units across 177 Illinois locations. The company's competitive positioning emphasizes customer loyalty, operational efficiency, geographic diversification, and strategic capital deployment to strengthen its balance sheet and return capital to shareholders.

Company details
Sector
Consumer Discretionary
Industry
Services
Headquarters
LAS VEGAS, NV
Fiscal year end
December
CIK
906553
SIC
7011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-557.99M$711.87M$1.98B$3.25B$4.52B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns BOYD GAMING CORP — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

389
funds hold it
0 of 35
superinvestors hold it
$2.39B
held by funds, at market
37.8%
of shares held by funds
2
bond issues held by funds

Largest fund holders · BOYD GAMING CORP’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Cohen & Steers Institutional Realty Shares
CSRIX · COHEN & STEERS INSTITUTIONAL REALTY SHARES INC
1.30%of fund net assets
Cohen & Steers Realty Shares
CSRSX · COHEN & STEERS REALTY SHARES INC
1.33%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

BOYD GAMING CORP’s bonds, as funds hold them

Funds report holding 2 issues of BOYD GAMING CORP’s debt, $670.52M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.75%, maturing 2027 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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