Boyd Gaming Corporation (BYD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BYD Revenue Growth
Revenue Breakdown (FY 2025)
BYD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BYD Revenue Analysis (2014–2025)
As of May 8, 2026, Boyd Gaming Corporation (BYD) generated trailing twelve-month (TTM) revenue of $4.09 billion, reflecting modest growth of +2.0% year-over-year. The most recent quarter (Q4 2025) recorded $1.06 billion in revenue, up 5.7% sequentially.
Looking at the longer-term picture, BYD's 5-year compound annual growth rate (CAGR) stands at +13.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.09 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BYD's business is primarily driven by Casino (78%), Food and Beverage (9%), and Occupancy (6%). With over half of revenue concentrated in Casino, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CZR (+2.3% YoY), MGM (+3.4% YoY), and PEN (+17.3% YoY), BYD has underperformed the peer group in terms of revenue growth. Compare BYD vs CZR →
BYD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BYDCurrent | $4.1B | +2.0% | +13.4% | 21.4% | |
 CZR | $11.5B | +2.3% | +25.9% | 18.1% | |
 MGM | $17.5B | +3.4% | +29.0% | 5.7% | |
 PEN | $1.4B | +17.3% | +20.2% | 13.5% | |
 PENN | $7.0B | +5.8% | +14.2% | 3.9% | |
 RRR | $2.0B | +3.7% | +11.2% | 29.7% |
BYD Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.09B | +4.1% | $1.72B | 42.1% | $876.8M | 21.4% |
| 2024 | $3.93B | +5.1% | $2.05B | 52.2% | $927.8M | 23.6% |
| 2023 | $3.74B | +5.2% | $2.02B | 54.0% | $901.8M | 24.1% |
| 2022 | $3.56B | +5.5% | $1.99B | 56.0% | $981.2M | 27.6% |
| 2021 | $3.37B | +54.7% | $1.94B | 57.5% | $900.1M | 26.7% |
| 2020 | $2.18B | -34.5% | $1.14B | 52.4% | $14.3M | 0.7% |
| 2019 | $3.33B | +26.6% | $1.59B | 47.8% | $472.6M | 14.2% |
| 2018 | $2.63B | +9.4% | $1.26B | 47.8% | $355.3M | 13.5% |
| 2017 | $2.40B | +9.2% | $1.14B | 47.4% | $343.8M | 14.3% |
| 2016 | $2.20B | -0.0% | $1.01B | 46.0% | $260.4M | 11.8% |
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Start ComparisonBYD — Frequently Asked Questions
Quick answers to the most common questions about buying BYD stock.
Is BYD's revenue growth accelerating or slowing?
BYD revenue growth slowed to +2.0%, below the 5-year CAGR of +13.4%. TTM revenue is $4.1B. The deceleration marks a shift from historical growth rates.
What is BYD's long-term revenue growth rate?
Boyd Gaming Corporation's 5-year revenue CAGR of +13.4% reflects the variable expansion pattern. Current YoY growth of +2.0% is near this long-term average.
How is BYD's revenue distributed by segment?
BYD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.