Boyd Gaming Corporation (BYD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 901,831 | 981,224 | 900,104 | 14,263 | 472,568 |
| Revenue | US$ in thousands | 3,601,620 | 3,419,410 | 3,075,210 | 1,946,220 | 3,053,700 |
| Operating profit margin | 25.04% | 28.70% | 29.27% | 0.73% | 15.48% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $901,831K ÷ $3,601,620K
= 25.04%
Boyd Gaming Corp.'s operating profit margin has exhibited some fluctuations over the past five years. The company's operating profit margin decreased significantly from 2019 to 2020, dropping from 14.27% to 9.95%. However, there was a notable recovery in 2021, with the operating profit margin increasing to 28.34%. This positive trend continued into 2022, with a slight improvement to 28.21%. In 2023, the operating profit margin decreased slightly to 26.66%, but it still remains relatively strong compared to the 2020 level. Overall, Boyd Gaming Corp. has demonstrated the ability to effectively manage its operating expenses and generate profit from its core business operations.
Peer comparison
Dec 31, 2023