MLCO
Melco Resorts & Entertainment Limited
Gambling, Resorts & Casinos
Market Cap$2.28B
5Y Perf.-65.1%
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Stock Comparison
MLCO vs BYD
Revenue, margins, valuation, and 5-year total return — side by side.
BYD
Boyd Gaming Corporation
Gambling, Resorts & Casinos
Market Cap$6.42B
5Y Perf.+298.6%
MLCO vs BYD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MLCO | BYD |
|---|---|---|
| Industry | Gambling, Resorts & Casinos | Gambling, Resorts & Casinos |
| Market Cap | $2.28B | $6.42B |
| Revenue (TTM) | $5.16B | $4.09B |
| Net Income (TTM) | $185M | $1.84B |
| Gross Margin | 36.8% | 42.1% |
| Operating Margin | 11.6% | 21.4% |
| Forward P/E | 11.0x | 11.9x |
| Total Debt | $7.02B | $3.27B |
| Cash & Equiv. | $1.02B | $353M |
MLCO vs BYD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MLCO
BYD
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Melco Resorts & Ent… (MLCO) | 100 | 34.9 | -65.1% |
| Boyd Gaming Corpora… (BYD) | 100 | 398.6 | +298.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MLCO vs BYD
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 profitability and margin quality and capital preservation and lower volatility. Melco Resorts & Entertainment Limited is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
MLCO
Melco Resorts & Entertainment Limited
The Growth Play
MLCO is the clearest fit if your priority is growth exposure.
- Rev growth 11.3%, EPS growth 350.0%, 3Y rev CAGR 56.4%
- 11.3% revenue growth vs BYD's 4.1%
- Lower P/E (11.0x vs 11.9x)
Best for: growth exposure
BYD
Boyd Gaming Corporation
The Income Pick
BYD carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 4 yrs, beta 0.86, yield 0.8%
- 365.7% 10Y total return vs MLCO's -29.0%
- Lower volatility, beta 0.86, current ratio 0.54x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MLCO | 11.3% revenue growth vs BYD's 4.1% |
| Value | MLCO | Lower P/E (11.0x vs 11.9x) |
| Quality / Margins | BYD | 45.0% margin vs MLCO's 3.6% |
| Stability / Safety | BYD | Beta 0.86 vs MLCO's 1.11 |
| Dividends | BYD | 0.8% yield; 4-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | BYD | +21.2% vs MLCO's -0.7% |
| Efficiency (ROA) | BYD | 27.9% ROA vs MLCO's 2.4%, ROIC 12.3% vs 8.6% |
MLCO vs BYD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
MLCO vs BYD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBYDLAGGINGMLCO
MLCOMelco Resorts & Enter…
1leads
BYDBoyd Gaming Corporati…
5leads
6 Total Categories
CATEGORYLEADERvs MLCOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BYD4/6
Valuation MetricsMultiples, price ratios, and targets
MLCO4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BYD6/7
Total Returns1Y, 3Y, 5Y total returns with dividends
BYD6/6
Risk & VolatilityBeta, volatility, and downside exposure
BYD2/2
Analyst OutlookRatings, price targets, and dividends
BYD2/2
Income & Cash Flow (Last 12 Months)
BYD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MLCO and BYD operate at a comparable scale, with $5.2B and $4.1B in trailing revenue. BYD is the more profitable business, keeping 45.0% of every revenue dollar as net income compared to MLCO's 3.6%. On growth, MLCO holds the edge at +8.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MLCOMelco Resorts & E… | BYDBoyd Gaming Corpo… |
|---|---|---|
| RevenueTrailing 12 months | $5.2B | $4.1B |
| EBITDAEarnings before interest/tax | $1.1B | $1.2B |
| Net IncomeAfter-tax profit | $185M | $1.8B |
| Free Cash FlowCash after capex | $0 | $388M |
| Gross MarginGross profit ÷ Revenue | +36.8% | +42.1% |
| Operating MarginEBIT ÷ Revenue | +11.6% | +21.4% |
| Net MarginNet income ÷ Revenue | +3.6% | +45.0% |
| FCF MarginFCF ÷ Revenue | +9.2% | +9.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.6% | +2.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.1% | -6.8% |
BYD leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
MLCO leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 3.8x trailing earnings, BYD trades at a 70% valuation discount to MLCO's 12.4x P/E. On an enterprise value basis, MLCO's 7.3x EV/EBITDA is more attractive than BYD's 7.9x.
| Metric | MLCOMelco Resorts & E… | BYDBoyd Gaming Corpo… |
|---|---|---|
| Market CapShares × price | $2.3B | $6.4B |
| Enterprise ValueMkt cap + debt − cash | $8.3B | $9.3B |
| Trailing P/EPrice ÷ TTM EPS | 12.44x | 3.78x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.00x | 11.88x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.25x | 7.91x |
| Price / SalesMarket cap ÷ Revenue | 0.44x | 1.57x |
| Price / BookPrice ÷ Book value/share | — | 2.67x |
| Price / FCFMarket cap ÷ FCF | 4.78x | 16.52x |
MLCO leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
BYD leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), MLCO scores 8/9 vs BYD's 5/9, reflecting strong financial health.
| Metric | MLCOMelco Resorts & E… | BYDBoyd Gaming Corpo… |
|---|---|---|
| ROE (TTM)Return on equity | — | +91.8% |
| ROA (TTM)Return on assets | +2.4% | +27.9% |
| ROICReturn on invested capital | +8.6% | +12.3% |
| ROCEReturn on capital employed | +9.1% | +15.1% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | — | 1.25x |
| Net DebtTotal debt minus cash | $6.0B | $2.9B |
| Cash & Equiv.Liquid assets | $1.0B | $353M |
| Total DebtShort + long-term debt | $7.0B | $3.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.30x | 15.78x |
BYD leads this category, winning 6 of 7 comparable metrics.
Total Returns (Dividends Reinvested)
BYD leads this category, winning 6 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 $3,075 for MLCO. Over the past 12 months, BYD leads with a +21.2% total return vs MLCO's -0.7%. The 3-year compound annual growth rate (CAGR) favors BYD at 7.5% vs MLCO's -23.9% — a key indicator of consistent wealth creation.
| Metric | MLCOMelco Resorts & E… | BYDBoyd Gaming Corpo… |
|---|---|---|
| YTD ReturnYear-to-date | -25.4% | -0.9% |
| 1-Year ReturnPast 12 months | -0.7% | +21.2% |
| 3-Year ReturnCumulative with dividends | -55.9% | +24.2% |
| 5-Year ReturnCumulative with dividends | -69.2% | +30.1% |
| 10-Year ReturnCumulative with dividends | -29.0% | +365.7% |
| CAGR (3Y)Annualised 3-year return | -23.9% | +7.5% |
BYD leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
BYD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BYD is the less volatile stock with a 0.86 beta — it tends to amplify market swings less than MLCO's 1.11 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 MLCO's 55.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MLCOMelco Resorts & E… | BYDBoyd Gaming Corpo… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.11x | 0.86x |
| 52-Week HighHighest price in past year | $10.15 | $89.96 |
| 52-Week LowLowest price in past year | $5.22 | $69.01 |
| % of 52W HighCurrent price vs 52-week peak | +55.2% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 43.2 | 49.7 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 932K |
BYD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
BYD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates MLCO as "Buy" and BYD as "Buy". Consensus price targets imply 69.6% upside for MLCO (target: $10) 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 | MLCOMelco Resorts & E… | BYDBoyd Gaming Corpo… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $9.50 | $95.00 |
| # AnalystsCovering analysts | 18 | 38 |
| Dividend YieldAnnual dividend ÷ price | +0.0% | +0.8% |
| Dividend StreakConsecutive years of raises | 0 | 4 |
| Dividend / ShareAnnual DPS | $0.00 | $0.71 |
| Buyback YieldShare repurchases ÷ mkt cap | +7.3% | +12.1% |
BYD leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
BYD leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MLCO leads in 1 (Valuation Metrics).
Best OverallBoyd Gaming Corporation (BYD)Leads 5 of 6 categories
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MLCO vs BYD: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MLCO or BYD a better buy right now?
For growth investors, Melco Resorts & Entertainment Limited (MLCO) is the stronger pick with 11.
3% 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 Melco Resorts & Entertainment Limited (MLCO) a "Buy" — based on 18 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 — MLCO or BYD?
On trailing P/E, Boyd Gaming Corporation (BYD) is the cheapest at 3.
8x versus Melco Resorts & Entertainment Limited at 12. 4x. On forward P/E, Melco Resorts & Entertainment Limited is actually cheaper at 11. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MLCO or BYD?
Over the past 5 years, Boyd Gaming Corporation (BYD) delivered a total return of +30.
1%, compared to -69. 2% for Melco Resorts & Entertainment Limited (MLCO). Over 10 years, the gap is even starker: BYD returned +365. 7% versus MLCO's -29. 0%. 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 — MLCO or BYD?
By beta (market sensitivity over 5 years), Boyd Gaming Corporation (BYD) is the lower-risk stock at 0.
86β versus Melco Resorts & Entertainment Limited's 1. 11β — meaning MLCO is approximately 29% more volatile than BYD relative to the S&P 500.
05Which is growing faster — MLCO or BYD?
By revenue growth (latest reported year), Melco Resorts & Entertainment Limited (MLCO) is pulling ahead at 11.
3% versus 4. 1% for Boyd Gaming Corporation (BYD). On earnings-per-share growth, the picture is similar: Melco Resorts & Entertainment Limited grew EPS 350. 0% year-over-year, compared to 264. 5% for Boyd Gaming Corporation. Over a 3-year CAGR, MLCO leads at 56. 4% 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 — MLCO or BYD?
Boyd Gaming Corporation (BYD) is the more profitable company, earning 45.
0% net margin versus 3. 6% for Melco Resorts & Entertainment Limited — 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 11. 6% for MLCO. At the gross margin level — before operating expenses — BYD leads at 42. 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 MLCO or BYD more undervalued right now?
On forward earnings alone, Melco Resorts & Entertainment Limited (MLCO) trades at 11.
0x forward P/E versus 11. 9x for Boyd Gaming Corporation — 0. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MLCO: 69. 6% to $9. 50.
08Which pays a better dividend — MLCO or BYD?
In this comparison, BYD (0.
8% yield) pays a dividend. MLCO does not pay a meaningful dividend and should not be held primarily for income.
09Is MLCO or BYD better for a retirement portfolio?
For long-horizon retirement investors, Boyd Gaming Corporation (BYD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
86), 0. 8% yield, +365. 7% 10Y return). Both have compounded well over 10 years (BYD: +365. 7%, MLCO: -29. 0%), 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 MLCO and BYD?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
BYD pays a dividend while MLCO 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>
%
(MLCO: 8.6% · BYD: 2.0%)Net Margin>
%
(MLCO: 3.6% · BYD: 45.0%)P/E Ratio<
x
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