Boyd Gaming Corporation (BYD)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 52.16% | 53.99% | 55.98% | 57.49% | 52.39% |
| Operating profit margin | 23.61% | 24.12% | 27.60% | 26.71% | 10.83% |
| Pretax margin | 19.13% | 20.14% | 23.31% | 17.92% | -7.85% |
| Net profit margin | 14.71% | 16.58% | 17.98% | 13.76% | -6.18% |
Boyd Gaming Corporation's profitability ratios indicate an overall positive trend over the years.
- The Gross Profit Margin has shown a slight fluctuation, ranging from 52.39% in 2020 to 57.49% in 2021 before stabilizing around 55-56% in the subsequent years. This indicates that the company has been able to effectively manage its production costs and generate a decent level of gross profit relative to its revenue.
- The Operating Profit Margin has shown a substantial improvement, increasing from 10.83% in 2020 to 27.60% in 2022, signaling efficient cost control and operational effectiveness. However, there was a slight decline in the margins in the following years, settling at around 23-24%.
- The Pretax Margin has shown consistent growth, moving from a negative percentage in 2020 to 23.31% in 2022. This indicates the company's ability to effectively manage its operating expenses and generate positive earnings before tax.
- The Net Profit Margin also exhibited a positive trend, increasing from -6.18% in 2020 to 17.98% in 2022. Although there was a slight decrease in the following years, the company has maintained a healthy level of profitability, with the margin remaining above 14%.
Overall, Boyd Gaming Corporation has demonstrated solid profitability, with improvements in operating efficiency and effective cost management contributing to its financial performance.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 14.52% | 14.38% | 15.55% | 14.46% | 3.60% |
| Return on assets (ROA) | 9.04% | 9.88% | 10.13% | 7.45% | -2.05% |
| Return on total capital | 58.77% | 52.99% | 61.61% | 55.96% | 0.35% |
| Return on equity (ROE) | 36.54% | 35.55% | 40.20% | 30.14% | -11.98% |
Boyd Gaming Corporation's profitability ratios showcase a positive trend over the years. The Operating return on assets (Operating ROA) has steadily increased from 3.60% in 2020 to 14.52% in 2024, reflecting the company's efficiency in generating operating income from its assets. The Return on assets (ROA) also improved consistently, starting at -2.05% in 2020 and reaching 9.04% in 2024, indicating that the company is becoming more effective in generating profits from its total assets.
Furthermore, the Return on total capital has shown significant growth, surging from 0.35% in 2020 to 58.77% in 2024, signifying the company's ability to generate returns for both equity and debt holders. The Return on equity (ROE) has followed a similar upward trajectory, increasing from -11.98% in 2020 to 36.54% in 2024, indicating that Boyd Gaming Corporation is creating value for its shareholders.
Overall, Boyd Gaming Corporation's profitability ratios demonstrate an improving financial performance and indicate efficient management of assets and capital to generate increasing returns for both investors and the company itself.