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Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. Midwest and South hold the key number of entertainment properties, and it generate the majority of sales for the company.
1988
16.1K+
LTM Revenue $3.9B
LTM EBITDA $1.3B
$8.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Boyd Gaming has a last 12-month revenue of $3.9B and a last 12-month EBITDA of $1.3B.
In the most recent fiscal year, Boyd Gaming achieved revenue of $3.9B and an EBITDA of $1.2B.
Boyd Gaming expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Boyd Gaming valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.9B | XXX | XXX | XXX |
| Gross Profit | $2.0B | $2.0B | XXX | XXX | XXX |
| Gross Margin | 53% | 51% | XXX | XXX | XXX |
| EBITDA | $1.2B | $1.2B | XXX | XXX | XXX |
| EBITDA Margin | 32% | 31% | XXX | XXX | XXX |
| Net Profit | $639M | $620M | XXX | XXX | XXX |
| Net Margin | 17% | 16% | XXX | XXX | XXX |
| Net Debt | $2.8B | $2.6B | XXX | XXX | XXX |
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As of April 15, 2025, Boyd Gaming's stock price is $65.
Boyd Gaming has current market cap of $5.3B, and EV of $8.9B.
See Boyd Gaming trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.9B | $5.3B | XXX | XXX | XXX | XXX | $6.55 |
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Sign UpAs of April 15, 2025, Boyd Gaming has market cap of $5.3B and EV of $8.9B.
Boyd Gaming's trades at 2.3x LTM EV/Revenue multiple, and 7.1x LTM EBITDA.
Analysts estimate Boyd Gaming's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Boyd Gaming and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.9B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 7.4x | XXX | XXX | XXX |
| P/E | 9.2x | XXX | XXX | XXX |
| P/E/Growth | -4.0x | XXX | XXX | XXX |
| EV/FCF | 16.1x | XXX | XXX | XXX |
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Sign UpBoyd Gaming's NTM/LTM revenue growth is 1%
Boyd Gaming's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Boyd Gaming's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Boyd Gaming's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Boyd Gaming and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 32% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 28% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Boyd Gaming acquired XXX companies to date.
Last acquisition by Boyd Gaming was XXXXXXXX, XXXXX XXXXX XXXXXX . Boyd Gaming acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Boyd Gaming founded? | Boyd Gaming was founded in 1988. |
| Where is Boyd Gaming headquartered? | Boyd Gaming is headquartered in United States of America. |
| How many employees does Boyd Gaming have? | As of today, Boyd Gaming has 16.1K+ employees. |
| Who is the CEO of Boyd Gaming? | Boyd Gaming's CEO is Mr. Keith E. Smith. |
| Is Boyd Gaming publicy listed? | Yes, Boyd Gaming is a public company listed on NYS. |
| What is the stock symbol of Boyd Gaming? | Boyd Gaming trades under BYD ticker. |
| When did Boyd Gaming go public? | Boyd Gaming went public in 1993. |
| Who are competitors of Boyd Gaming? | Similar companies to Boyd Gaming include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of Boyd Gaming? | Boyd Gaming's current market cap is $5.3B |
| What is the current revenue of Boyd Gaming? | Boyd Gaming's last 12-month revenue is $3.9B. |
| What is the current EBITDA of Boyd Gaming? | Boyd Gaming's last 12-month EBITDA is $1.3B. |
| What is the current EV/Revenue multiple of Boyd Gaming? | Current revenue multiple of Boyd Gaming is 2.3x. |
| What is the current EV/EBITDA multiple of Boyd Gaming? | Current EBITDA multiple of Boyd Gaming is 7.1x. |
| What is the current revenue growth of Boyd Gaming? | Boyd Gaming revenue growth between 2023 and 2024 was 5%. |
| Is Boyd Gaming profitable? | Yes, Boyd Gaming is EBITDA-positive (as of the last 12 months). |
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