Boyd Gaming Corporation
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. It operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. The company owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency. The company was formerly known as The Boyd Group an… Read more
Boyd Gaming Corporation (BYD) - Net Assets
Latest net assets as of September 2025: $2.67 Billion USD
Based on the latest financial reports, Boyd Gaming Corporation (BYD) has net assets worth $2.67 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.51 Billion) and total liabilities ($3.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.67 Billion |
| % of Total Assets | 40.95% |
| Annual Growth Rate | 7.58% |
| 5-Year Change | 40.71% |
| 10-Year Change | 211.31% |
| Growth Volatility | 43.49 |
Boyd Gaming Corporation - Net Assets Trend (1993–2024)
This chart illustrates how Boyd Gaming Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Boyd Gaming Corporation (1993–2024)
The table below shows the annual net assets of Boyd Gaming Corporation from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.58 Billion | -9.32% |
| 2023-12-31 | $1.74 Billion | +9.65% |
| 2022-12-31 | $1.59 Billion | +3.37% |
| 2021-12-31 | $1.54 Billion | +36.91% |
| 2020-12-31 | $1.12 Billion | -11.17% |
| 2019-12-31 | $1.27 Billion | +10.43% |
| 2018-12-31 | $1.15 Billion | +4.42% |
| 2017-12-31 | $1.10 Billion | +17.46% |
| 2016-12-31 | $934.13 Million | +83.88% |
| 2015-12-31 | $508.01 Million | +2.71% |
| 2014-12-31 | $494.63 Million | -23.95% |
| 2013-12-31 | $650.44 Million | +39.24% |
| 2012-12-31 | $467.13 Million | -66.00% |
| 2011-12-31 | $1.37 Billion | -1.36% |
| 2010-12-31 | $1.39 Billion | +20.46% |
| 2009-12-31 | $1.16 Billion | +1.12% |
| 2008-12-31 | $1.14 Billion | -17.46% |
| 2007-12-31 | $1.39 Billion | +24.82% |
| 2006-12-31 | $1.11 Billion | +1.09% |
| 2005-12-31 | $1.10 Billion | +16.34% |
| 2004-12-31 | $943.77 Million | +113.88% |
| 2003-12-31 | $441.25 Million | +8.00% |
| 2002-12-31 | $408.56 Million | +15.50% |
| 2001-12-31 | $353.74 Million | +7.27% |
| 2000-12-31 | $329.78 Million | +23.51% |
| 1999-12-31 | $267.00 Million | +17.47% |
| 1998-12-31 | $227.30 Million | +15.32% |
| 1997-12-31 | $197.10 Million | +72.14% |
| 1996-12-31 | $114.50 Million | -50.09% |
| 1995-12-31 | $229.40 Million | +156.60% |
| 1994-12-31 | $89.40 Million | -45.62% |
| 1993-12-31 | $164.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Boyd Gaming Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2309.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.58 Billion | 100.10% |
| Common Stock | $862.00K | 0.05% |
| Other Comprehensive Income | $-2.40 Million | -0.15% |
| Total Equity | $1.58 Billion | 100.00% |
Boyd Gaming Corporation Competitors by Market Cap
The table below lists competitors of Boyd Gaming Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HANSOH PHARMAC. HD-00001
F:3KY
|
$4.44 Billion |
|
Option Care Health Inc
NASDAQ:OPCH
|
$4.44 Billion |
|
Radian Group Inc
NYSE:RDN
|
$4.44 Billion |
|
FPT Corp
VN:FPT
|
$4.44 Billion |
|
Tokyu Fudosan
F:T8F
|
$4.44 Billion |
|
Punjab National Bank
NSE:PNB
|
$4.44 Billion |
|
Janus Henderson Group PLC
NYSE:JHG
|
$4.43 Billion |
|
Outfront Media Inc
NYSE:OUT
|
$4.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Boyd Gaming Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,744,102,000 to 1,581,513,000, a change of -162,589,000 (-9.3%).
- Net income of 577,952,000 contributed positively to equity growth.
- Dividend payments of 62,661,000 reduced retained earnings.
- Share repurchases of 685,850,000 reduced equity.
- Other comprehensive income decreased equity by 1,304,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $577.95 Million | +36.54% |
| Dividends Paid | $62.66 Million | -3.96% |
| Share Repurchases | $685.85 Million | -43.37% |
| Other Comprehensive Income | $-1.30 Million | -0.08% |
| Other Changes | $9.27 Million | +0.59% |
| Total Change | $- | -9.32% |
Book Value vs Market Value Analysis
This analysis compares Boyd Gaming Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.40x to 4.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $3.10 | $81.83 | x |
| 1994-12-31 | $3.10 | $81.83 | x |
| 1995-12-31 | $3.58 | $81.83 | x |
| 1996-12-31 | $4.05 | $81.83 | x |
| 1997-12-31 | $3.42 | $81.83 | x |
| 1998-12-31 | $3.65 | $81.83 | x |
| 1999-12-31 | $4.32 | $81.83 | x |
| 2000-12-31 | $5.29 | $81.83 | x |
| 2001-12-31 | $5.67 | $81.83 | x |
| 2002-12-31 | $6.23 | $81.83 | x |
| 2003-12-31 | $6.68 | $81.83 | x |
| 2004-12-31 | $12.06 | $81.83 | x |
| 2005-12-31 | $12.13 | $81.83 | x |
| 2006-12-31 | $12.39 | $81.83 | x |
| 2007-12-31 | $15.64 | $81.83 | x |
| 2008-12-31 | $13.02 | $81.83 | x |
| 2009-12-31 | $13.37 | $81.83 | x |
| 2010-12-31 | $13.70 | $81.83 | x |
| 2011-12-31 | $13.76 | $81.83 | x |
| 2012-12-31 | $3.47 | $81.83 | x |
| 2013-12-31 | $4.83 | $81.83 | x |
| 2014-12-31 | $3.98 | $81.83 | x |
| 2015-12-31 | $4.47 | $81.83 | x |
| 2016-12-31 | $8.11 | $81.83 | x |
| 2017-12-31 | $9.49 | $81.83 | x |
| 2018-12-31 | $9.96 | $81.83 | x |
| 2019-12-31 | $11.10 | $81.83 | x |
| 2020-12-31 | $9.90 | $81.83 | x |
| 2021-12-31 | $13.49 | $81.83 | x |
| 2022-12-31 | $14.59 | $81.83 | x |
| 2023-12-31 | $17.20 | $81.83 | x |
| 2024-12-31 | $16.94 | $81.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Boyd Gaming Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 36.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.71%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 4.04x
- Recent ROE (36.54%) is above the historical average (2.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 7.73% | 1.92% | 0.79x | 5.09x | $-3.74 Million |
| 1994 | 7.73% | 1.92% | 0.79x | 5.09x | $-3.74 Million |
| 1995 | 17.87% | 4.67% | 0.82x | 4.69x | $15.94 Million |
| 1996 | 12.09% | 3.44% | 0.86x | 4.09x | $4.87 Million |
| 1997 | 14.31% | 3.44% | 0.71x | 5.85x | $8.49 Million |
| 1998 | 12.58% | 2.93% | 0.85x | 5.04x | $5.87 Million |
| 1999 | 14.34% | 3.88% | 0.68x | 5.41x | $11.60 Million |
| 2000 | 19.03% | 5.80% | 0.69x | 4.78x | $29.79 Million |
| 2001 | 7.05% | 2.26% | 0.63x | 4.96x | $-10.42 Million |
| 2002 | 9.79% | 3.26% | 0.64x | 4.68x | $-844.10K |
| 2003 | 9.28% | 3.27% | 0.67x | 4.24x | $-3.19 Million |
| 2004 | 11.81% | 6.53% | 0.44x | 4.15x | $17.08 Million |
| 2005 | 13.17% | 6.69% | 0.49x | 4.03x | $34.81 Million |
| 2006 | 10.52% | 5.33% | 0.56x | 3.51x | $5.78 Million |
| 2007 | 21.87% | 15.17% | 0.45x | 3.24x | $164.49 Million |
| 2008 | -19.50% | -12.52% | 0.39x | 4.03x | $-337.36 Million |
| 2009 | 0.37% | 0.26% | 0.37x | 3.86x | $-111.40 Million |
| 2010 | 0.87% | 0.48% | 0.38x | 4.78x | $-108.61 Million |
| 2011 | -0.32% | -0.17% | 0.40x | 4.89x | $-124.06 Million |
| 2012 | -299.17% | -36.61% | 0.39x | 20.84x | $-939.24 Million |
| 2013 | -17.08% | -2.77% | 0.50x | 12.22x | $-127.26 Million |
| 2014 | -12.11% | -2.48% | 0.48x | 10.22x | $-96.84 Million |
| 2015 | 9.30% | 2.15% | 0.51x | 8.57x | $-3.56 Million |
| 2016 | 44.75% | 19.01% | 0.47x | 5.00x | $324.60 Million |
| 2017 | 17.26% | 7.89% | 0.51x | 4.27x | $79.67 Million |
| 2018 | 10.04% | 4.38% | 0.46x | 5.02x | $473.90K |
| 2019 | 12.46% | 4.74% | 0.50x | 5.26x | $31.11 Million |
| 2020 | -11.98% | -6.18% | 0.33x | 5.84x | $-247.09 Million |
| 2021 | 30.14% | 13.76% | 0.54x | 4.04x | $309.97 Million |
| 2022 | 40.20% | 17.98% | 0.56x | 3.97x | $480.31 Million |
| 2023 | 35.55% | 16.58% | 0.60x | 3.60x | $445.61 Million |
| 2024 | 36.54% | 14.71% | 0.61x | 4.04x | $419.80 Million |
Industry Comparison
This section compares Boyd Gaming Corporation's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $4,165,537,707
- Average return on equity (ROE) among peers: -6.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Boyd Gaming Corporation (BYD) | $2.67 Billion | 7.73% | 1.44x | $4.44 Billion |
| Archon Corporation (ARHN) | $24.65 Million | -30.23% | 8.66x | $132.68K |
| Bally's Corp (BALY) | $211.41 Million | 26.08% | 3.83x | $133.77 Million |
| Bloomberry Resorts Corporation (BLBRF) | $30.29 Billion | 20.05% | 1.40x | $522.71 Million |
| Blue Ridge Real Estate Company (BRRE) | $-708.73K | 0.00% | 0.00x | $8.61 Million |
| Banyan Tree Holdings Limited (BYNEF) | $719.75 Million | 1.87% | 1.27x | $195.40K |
| Concorde Gaming Corporation (CGAM) | $1.98 Million | -48.86% | 7.92x | $0.91 |
| Century Casinos Inc (CNTY) | $126.98 Million | -37.80% | 4.36x | $29.64 Million |
| Canterbury Park Holding Corporation (CPHC) | $49.42 Million | 5.50% | 0.32x | $39.22 Million |
| Caesars Entertainment Corporation (CZR) | $6.07 Billion | 8.83% | 2.67x | $3.95 Billion |