Boyd Gaming (Boyd Gaming) Gross Margin % : 52.90% (As of Dec. 2023)

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What is Boyd Gaming Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Boyd Gaming's Gross Profit for the three months ended in Dec. 2023 was $505 Mil. Boyd Gaming's Revenue for the three months ended in Dec. 2023 was $954 Mil. Therefore, Boyd Gaming's Gross Margin % for the quarter that ended in Dec. 2023 was 52.90%.

The historical rank and industry rank for Boyd Gaming's Gross Margin % or its related term are showing as below:

BYD' s Gross Margin % Range Over the Past 10 Years
Min: 44.71 Med: 47.8 Max: 57.49
Current: 53.99

During the past 13 years, the highest Gross Margin % of Boyd Gaming was 57.49%. The lowest was 44.71%. And the median was 47.80%.

BYD's Gross Margin % is ranked better than
64.05% of 765 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs BYD: 53.99

Boyd Gaming had a gross margin of 52.90% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Boyd Gaming was 3.40% per year.

Boyd Gaming Gross Margin % Historical Data

The historical data trend for Boyd Gaming's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Boyd Gaming Gross Margin % Chart

Boyd Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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47.80

52.39

57.49

55.98

53.99

Boyd Gaming Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															55.23	54.37	55.33	53.38	52.90

Competitive Comparison of Boyd Gaming's Gross Margin %

For the Resorts & Casinos subindustry, Boyd Gaming's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Boyd Gaming's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Boyd Gaming's Gross Margin % falls into.

Boyd Gaming Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Boyd Gaming's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	2018.6	/	3738.492
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3738.492 - 1719.92)	/	3738.492
	=	53.99 %

Boyd Gaming's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	504.9	/	954.412
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(954.412 - 449.49)	/	954.412
	=	52.90 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Boyd Gaming (NYSE:BYD) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Boyd Gaming had a gross margin of 52.90% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Boyd Gaming Gross Margin % Related Terms

Thank you for viewing the detailed overview of Boyd Gaming's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Boyd Gaming (Boyd Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Boyd Gaming Corp (NYSE:BYD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BO5:Germany

Address

6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.boydgaming.com

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. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.

Executives

William S Boyd	director, 10 percent owner, officer: Co-Executive Chair	2950 SOUTH INDUSTRIAL ROAD, LAS VEGAS NV 89109
William R Boyd	director, officer: Vice President	C/O BOYD GAMING CORPORATION, 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Marianne Boyd Johnson	director, officer: Executive Vice President
Stephen S. Thompson	officer: Executive Vice President	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Christine J. Spadafor	director	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Keith Smith	director, officer: President & CEO
Ted Bogich	officer: Executive Vice President	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Josh Hirsberg	officer: Exec. V.P., Treasurer & CFO	C/O BOYD GAMING CORPORATION, 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Lori M. Nelson	officer: SVP Fin Ops and Reporting	6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Veronica J Wilson	director	C/O BOYD GAMING, 2950 INDUSTRIAL RD, LAS VEGAS NV 89109
Uri Clinton	officer: EVP,General Counsel,Secretary	C/O MULTIMEDIA GAMES, INC., 206 WILD BASIN ROAD, BLDG. B, SUITE 400, AUSTIN TX 78746
Anthony D Mcduffie	officer: VP & Chief Accounting Officer	C/O BOYD GAMING CORPORATION, 6465 SOUTH RAINBOW BLVD, LAS VEGAS NV 89118
A. Randall Thoman	director	8360 S. DURANGO DR., LAS VEGAS NV 89113
John Robert Bailey	director	1106 PALMS AIRPORT DRIVE, LAS VEGAS NV 89119
Paul W Whetsell	director	4501 NORTH FAIRFAX DRIVE, SUITE 800, ARLINGTON VA 22203