Boyd Gaming (BYD)
NYSEConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-11-04
$77.07-0.81%
Close 2026-11-05 · 1-day change
NYSEConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-11-04
QuarterlyIQ Insights · BYD
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-11-04.
The screen ranks BYD against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated strong grew net income 62% of the time over the next year (vs 50% for the rest of the cohort, n=5250).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 0% of the last 1 guided quarters · -4.6% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through s…
Stated in 4 of 4 supplied quarters. Management reported: “Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through share repurchases and dividends.” “As part of its ongoing share repurchase program, the Company repurchased $164 million in shares of its common stock during the third quarter of 2026.”
“Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through s…”
“We also returned substantial capital to our shareholders, with more than $170 million in dividends and share repurchases during the second quarter.”
“At the same time, we maintained our robust program of returning capital to our shareholders, with nearly $170 million in share repurchases and dividends during the first quarter.”
“And we continued to return significant capital to our shareholders, with more than $800 million in share repurchases and dividends in 2025.”
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, “Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of…
Stated in 4 of 4 supplied quarters. Management reported: “Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, “Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of our core customer and the appeal of our property investments nationwide.” “During the quarter, our results reflected continued growth in our Midwest & South segment, increased play from southern Nevada residents, and strong gains in both our Online and Managed operations.”
Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through s…
Stated in 4 of 4 supplied quarters. Management reported: “Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through share repurchases and dividends.” “We opened Cadence Crossing Casino, our newest Las Vegas Locals property, and continued development of our $750 million resort in Virginia.”
Results for the quarter, on a comparable basis, reflect both revenue and Adjusted EBITDAR growth, with property operating margins of 40%, a level we have consistently delivered over the last several…
Stated in 3 of 4 supplied quarters. Management reported: “Results for the quarter, on a comparable basis, reflect both revenue and Adjusted EBITDAR growth, with property operating margins of 40%, a level we have consistently delivered over the last several years.” “Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our first-quarter results reflect the benefits of our diversified business, our successful focus on operating efficiencies and our ongoing capital investment program.”
Maintain operating discipline and property-level margin performance while managing the business across its portfolio.
Over the trailing year it converted 1.93x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 49% of the time over the next year (vs 49% for the rest of the cohort, n=4822).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
19 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated neutral grew net income 53% of the time over the next year (vs 54% for the rest of the cohort, n=6802).
Not investment advice. As of 2026-11-04.
“Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, “Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of…”
“Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our second-quarter results demonstrated the benefits of our diversified business model, with strong performances from our Mid…”
“Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our first-quarter results reflect the benefits of our diversified business, our successful focus on operating efficiencies an…”
“These results were driven by strength in play from our core customers and our focus on operational discipline.”
“Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through s…”
“This performance was supported by strength in play from both our core and retail customers across the portfolio, as well as contributions from our recent capital investments.”
“During the quarter we continued to invest in enhancing our properties and building our development pipeline.”
“We further enhanced our customer offerings and the growth potential of our portfolio through our ongoing capital investments, including our progress toward the completion of our $750 million resort i…”
“Results for the quarter, on a comparable basis, reflect both revenue and Adjusted EBITDAR growth, with property operating margins of 40%, a level we have consistently delivered over the last several…”
“Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our first-quarter results reflect the benefits of our diversified business, our successful focus on operating efficiencies an…”
“These results were driven by strength in play from our core customers and our focus on operational discipline.”