BYD
Boyd Gaming Corporation
Gambling, Resorts & Casinos
Market Cap$6.42B
5Y Perf.+298.6%
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Stock Comparison
BYD vs PEN
Revenue, margins, valuation, and 5-year total return — side by side.
PEN
Penumbra, Inc.
Medical - Devices
Market Cap$12.77B
5Y Perf.+88.3%
BYD vs PEN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BYD | PEN |
|---|---|---|
| Industry | Gambling, Resorts & Casinos | Medical - Devices |
| Market Cap | $6.42B | $12.77B |
| Revenue (TTM) | $4.09B | $1.45B |
| Net Income (TTM) | $1.84B | $171M |
| Gross Margin | 42.1% | 67.4% |
| Operating Margin | 21.4% | 12.9% |
| Forward P/E | 11.9x | 65.2x |
| Total Debt | $3.27B | $220M |
| Cash & Equiv. | $353M | $187M |
BYD vs PEN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BYD
PEN
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Boyd Gaming Corpora… (BYD) | 100 | 398.6 | +298.6% |
| Penumbra, Inc. (PEN) | 100 | 188.3 | +88.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BYD vs PEN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BYD leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Penumbra, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
BYD
Boyd Gaming Corporation
The Value Play
BYD carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (11.9x vs 65.2x)
- 45.0% margin vs PEN's 11.8%
- 0.8% yield; 4-year raise streak; the other pay no meaningful dividend
Best for: value and quality
PEN
Penumbra, Inc.
The Income Pick
PEN is the clearest fit if your priority is income & stability and growth exposure.
- beta 0.25
- Rev growth 17.5%, EPS growth 11.6%, 3Y rev CAGR 18.3%
- 5.1% 10Y total return vs BYD's 365.7%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PEN | 17.5% revenue growth vs BYD's 4.1% |
| Value | BYD | Lower P/E (11.9x vs 65.2x) |
| Quality / Margins | BYD | 45.0% margin vs PEN's 11.8% |
| Stability / Safety | PEN | Beta 0.25 vs BYD's 0.86, lower leverage |
| Dividends | BYD | 0.8% yield; 4-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | BYD | +21.2% vs PEN's +12.2% |
| Efficiency (ROA) | BYD | 27.9% ROA vs PEN's 9.6%, ROIC 12.3% vs 11.3% |
BYD vs PEN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2022
BYD vs PEN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBYDLAGGINGPEN
PENPenumbra, Inc.
1leads
BYDBoyd Gaming Corporati…
2leads
6 Total Categories
CATEGORYLEADERvs PENMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
BYD6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PEN5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
BYD4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
Evenly matched — BYD and PEN each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BYD is the larger business by revenue, generating $4.1B annually — 2.8x PEN's $1.5B. BYD is the more profitable business, keeping 45.0% of every revenue dollar as net income compared to PEN's 11.8%. On growth, PEN holds the edge at +15.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BYDBoyd Gaming Corpo… | PENPenumbra, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $4.1B | $1.5B |
| EBITDAEarnings before interest/tax | $1.2B | $200M |
| Net IncomeAfter-tax profit | $1.8B | $171M |
| Free Cash FlowCash after capex | $388M | $213M |
| Gross MarginGross profit ÷ Revenue | +42.1% | +67.4% |
| Operating MarginEBIT ÷ Revenue | +21.4% | +12.9% |
| Net MarginNet income ÷ Revenue | +45.0% | +11.8% |
| FCF MarginFCF ÷ Revenue | +9.5% | +14.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.0% | +15.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -6.8% | -18.0% |
Evenly matched — BYD and PEN each lead in 3 of 6 comparable metrics.
Valuation Metrics
BYD leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 3.8x trailing earnings, BYD trades at a 95% valuation discount to PEN's 71.8x P/E. On an enterprise value basis, BYD's 7.9x EV/EBITDA is more attractive than PEN's 61.9x.
| Metric | BYDBoyd Gaming Corpo… | PENPenumbra, Inc. |
|---|---|---|
| Market CapShares × price | $6.4B | $12.8B |
| Enterprise ValueMkt cap + debt − cash | $9.3B | $12.8B |
| Trailing P/EPrice ÷ TTM EPS | 3.78x | 71.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.88x | 65.17x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.91x | 61.91x |
| Price / SalesMarket cap ÷ Revenue | 1.57x | 9.09x |
| Price / BookPrice ÷ Book value/share | 2.67x | 8.93x |
| Price / FCFMarket cap ÷ FCF | 16.52x | 72.97x |
BYD leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
PEN leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
BYD delivers a 91.8% return on equity — every $100 of shareholder capital generates $92 in annual profit, vs $12 for PEN. PEN carries lower financial leverage with a 0.15x debt-to-equity ratio, signaling a more conservative balance sheet compared to BYD's 1.25x. On the Piotroski fundamental quality scale (0–9), PEN scores 7/9 vs BYD's 5/9, reflecting strong financial health.
| Metric | BYDBoyd Gaming Corpo… | PENPenumbra, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +91.8% | +12.3% |
| ROA (TTM)Return on assets | +27.9% | +9.6% |
| ROICReturn on invested capital | +12.3% | +11.3% |
| ROCEReturn on capital employed | +15.1% | +12.5% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.25x | 0.15x |
| Net DebtTotal debt minus cash | $2.9B | $33M |
| Cash & Equiv.Liquid assets | $353M | $187M |
| Total DebtShort + long-term debt | $3.3B | $220M |
| Interest CoverageEBIT ÷ Interest expense | 15.78x | 304.65x |
PEN leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
BYD leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BYD five years ago would be worth $13,011 today (with dividends reinvested), compared to $11,960 for PEN. Over the past 12 months, BYD leads with a +21.2% total return vs PEN's +12.2%. The 3-year compound annual growth rate (CAGR) favors BYD at 7.5% vs PEN's 1.5% — a key indicator of consistent wealth creation.
| Metric | BYDBoyd Gaming Corpo… | PENPenumbra, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -0.9% | +4.9% |
| 1-Year ReturnPast 12 months | +21.2% | +12.2% |
| 3-Year ReturnCumulative with dividends | +24.2% | +4.5% |
| 5-Year ReturnCumulative with dividends | +30.1% | +19.6% |
| 10-Year ReturnCumulative with dividends | +365.7% | +505.9% |
| CAGR (3Y)Annualised 3-year return | +7.5% | +1.5% |
BYD leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BYD and PEN each lead in 1 of 2 comparable metrics.
Risk & Volatility
PEN is the less volatile stock with a 0.25 beta — it tends to amplify market swings less than BYD's 0.86 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BYD currently trades 94.7% from its 52-week high vs PEN's 89.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BYDBoyd Gaming Corpo… | PENPenumbra, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.86x | 0.25x |
| 52-Week HighHighest price in past year | $89.96 | $362.41 |
| 52-Week LowLowest price in past year | $69.01 | $221.26 |
| % of 52W HighCurrent price vs 52-week peak | +94.7% | +89.6% |
| RSI (14)Momentum oscillator 0–100 | 49.7 | 36.7 |
| Avg Volume (50D)Average daily shares traded | 932K | 544K |
Evenly matched — BYD and PEN each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates BYD as "Buy" and PEN as "Hold". Consensus price targets imply 14.6% upside for PEN (target: $372) vs 11.5% for BYD (target: $95). BYD is the only dividend payer here at 0.84% yield — a key consideration for income-focused portfolios.
| Metric | BYDBoyd Gaming Corpo… | PENPenumbra, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $95.00 | $371.92 |
| # AnalystsCovering analysts | 38 | 22 |
| Dividend YieldAnnual dividend ÷ price | +0.8% | — |
| Dividend StreakConsecutive years of raises | 4 | — |
| Dividend / ShareAnnual DPS | $0.71 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +12.1% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
BYD leads in 2 of 6 categories (Valuation Metrics, Total Returns). PEN leads in 1 (Profitability & Efficiency). 2 tied.
Best OverallBoyd Gaming Corporation (BYD)Leads 2 of 6 categories
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BYD vs PEN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BYD or PEN a better buy right now?
For growth investors, Penumbra, Inc.
(PEN) is the stronger pick with 17. 5% revenue growth year-over-year, versus 4. 1% for Boyd Gaming Corporation (BYD). Boyd Gaming Corporation (BYD) offers the better valuation at 3. 8x trailing P/E (11. 9x forward), making it the more compelling value choice. Analysts rate Boyd Gaming Corporation (BYD) a "Buy" — based on 38 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BYD or PEN?
On trailing P/E, Boyd Gaming Corporation (BYD) is the cheapest at 3.
8x versus Penumbra, Inc. at 71. 8x. On forward P/E, Boyd Gaming Corporation is actually cheaper at 11. 9x.
03Which is the better long-term investment — BYD or PEN?
Over the past 5 years, Boyd Gaming Corporation (BYD) delivered a total return of +30.
1%, compared to +19. 6% for Penumbra, Inc. (PEN). Over 10 years, the gap is even starker: PEN returned +505. 9% versus BYD's +365. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BYD or PEN?
By beta (market sensitivity over 5 years), Penumbra, Inc.
(PEN) is the lower-risk stock at 0. 25β versus Boyd Gaming Corporation's 0. 86β — meaning BYD is approximately 247% more volatile than PEN relative to the S&P 500. On balance sheet safety, Penumbra, Inc. (PEN) carries a lower debt/equity ratio of 15% versus 125% for Boyd Gaming Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — BYD or PEN?
By revenue growth (latest reported year), Penumbra, Inc.
(PEN) is pulling ahead at 17. 5% versus 4. 1% for Boyd Gaming Corporation (BYD). On earnings-per-share growth, the picture is similar: Penumbra, Inc. grew EPS 1156% year-over-year, compared to 264. 5% for Boyd Gaming Corporation. Over a 3-year CAGR, PEN leads at 18. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BYD or PEN?
Boyd Gaming Corporation (BYD) is the more profitable company, earning 45.
0% net margin versus 12. 7% for Penumbra, Inc. — meaning it keeps 45. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BYD leads at 21. 4% versus 13. 5% for PEN. At the gross margin level — before operating expenses — PEN leads at 67. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BYD or PEN more undervalued right now?
On forward earnings alone, Boyd Gaming Corporation (BYD) trades at 11.
9x forward P/E versus 65. 2x for Penumbra, Inc. — 53. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PEN: 14. 6% to $371. 92.
08Which pays a better dividend — BYD or PEN?
In this comparison, BYD (0.
8% yield) pays a dividend. PEN does not pay a meaningful dividend and should not be held primarily for income.
09Is BYD or PEN better for a retirement portfolio?
For long-horizon retirement investors, Penumbra, Inc.
(PEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 25), +505. 9% 10Y return). Both have compounded well over 10 years (PEN: +505. 9%, BYD: +365. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BYD and PEN?
These companies operate in different sectors (BYD (Consumer Cyclical) and PEN (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: BYD is a small-cap deep-value stock; PEN is a mid-cap high-growth stock. BYD pays a dividend while PEN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BYD: 2.0% · PEN: 15.6%)Net Margin>
%
(BYD: 45.0% · PEN: 11.8%)P/E Ratio<
x
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