Boyd Gaming Corporation

BYD ·Consumer Cyclical, Lodging, United States

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Profit Margins

Gross Margin Operating Margin Net Margin

Period	Gross Margin	Operating Margin	Net Margin
Jun 2010	—	8.6%	0.6%
Sep 2010	—	9.2%	2.5%
Mar 2011	—	8.5%	-0.6%
Jun 2011	—	10.8%	-0.5%
Sep 2011	—	11.5%	0.5%
Dec 2011	—	9.0%	-0.1%
Mar 2012	—	12.3%	0.9%
Jun 2012	—	9.7%	0.2%
Sep 2012	—	8.1%	-2.6%
Dec 2012	—	-166.0%	-144.1%
Mar 2013	—	11.1%	-1.0%
Jun 2013	—	10.7%	1.6%
Sep 2013	—	10.6%	-5.0%
Dec 2013	—	5.7%	-6.9%
Mar 2014	—	9.7%	-0.9%
Jun 2014	—	12.0%	0.1%
Sep 2014	—	10.0%	-2.0%
Dec 2014	—	4.2%	-6.1%
Mar 2015	—	13.1%	6.4%
Jun 2015	—	14.8%	-1.1%
Sep 2015	—	12.7%	4.7%
Dec 2015	—	8.6%	-1.3%
Mar 2016	—	14.9%	6.0%
Jun 2016	—	14.8%	5.5%
Sep 2016	—	12.8%	64.4%
Dec 2016	—	5.4%	2.2%
Mar 2017	—	15.5%	5.8%
Jun 2017	—	14.8%	8.1%
Sep 2017	—	13.3%	3.9%
Dec 2017	—	13.5%	13.8%
Mar 2018	—	15.6%	6.8%
Jun 2018	—	15.6%	6.3%
Sep 2018	—	11.4%	1.9%
Dec 2018	—	12.0%	2.9%
Mar 2019	—	14.2%	5.5%
Jun 2019	—	15.0%	5.7%
Sep 2019	—	13.8%	4.8%
Dec 2019	—	13.8%	2.9%
Mar 2020	—	-20.2%	-21.7%
Jun 2020	—	-41.1%	-51.7%
Sep 2020	—	19.5%	5.8%
Dec 2020	—	17.5%	13.1%
Mar 2021	—	25.7%	13.6%
Jun 2021	—	29.8%	12.7%
Sep 2021	—	26.5%	16.4%
Dec 2021	—	24.7%	12.5%
Mar 2022	—	29.2%	18.9%
Jun 2022	—	27.4%	16.4%
Sep 2022	—	27.1%	17.9%
Dec 2022	—	26.8%	18.7%
Mar 2023	—	29.6%	20.7%
Jun 2023	—	26.6%	21.0%
Sep 2023	—	24.1%	15.0%
Dec 2023	—	16.2%	9.7%
Mar 2024	—	22.8%	14.2%
Jun 2024	—	23.5%	14.5%
Sep 2024	—	22.9%	13.6%
Dec 2024	—	25.1%	16.4%
Mar 2025	—	20.2%	11.2%
Jun 2025	—	23.4%	14.6%
Sep 2025	—	13.9%	143.4%
Dec 2025	—	15.7%	13.2%
Mar 2026	—	16.4%	10.6%
Jun 2026	—	19.4%	12.7%