Boyd Gaming Corporation (BYD)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 577,952 | 500,051 | 504,156 | 556,765 | 620,023 | 700,102 | 721,871 | 676,180 | 639,377 | 576,475 | 557,647 | 524,613 | 463,846 | 437,351 | 337,293 | 115,020 | -5,466 | -64,457 | -63,168 | 93,860 |
| Total stockholders’ equity | US$ in thousands | 1,581,510 | 1,631,800 | 1,711,710 | 1,754,960 | 1,744,100 | 1,768,480 | 1,748,810 | 1,660,970 | 1,590,620 | 1,540,800 | 1,529,160 | 1,551,130 | 1,538,750 | 1,507,940 | 1,358,270 | 1,230,720 | 1,123,940 | 1,043,910 | 1,005,480 | 1,111,770 |
| ROE | 36.54% | 30.64% | 29.45% | 31.73% | 35.55% | 39.59% | 41.28% | 40.71% | 40.20% | 37.41% | 36.47% | 33.82% | 30.14% | 29.00% | 24.83% | 9.35% | -0.49% | -6.17% | -6.28% | 8.44% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $577,952K ÷ $1,581,510K
= 36.54%
Boyd Gaming Corporation's return on equity (ROE) has shown fluctuating performance over the past few years. The ROE was negative in the second half of 2020 and first quarter of 2021, indicating that the company was not generating satisfactory profits relative to its shareholders' equity during that period.
However, there was a significant improvement in ROE starting from the second quarter of 2021, where it increased to 24.83% and continued to rise steadily through 2022 and early 2023. This upward trend reflects an enhancement in the company's ability to generate higher profits from its equity base.
The ROE peaked at 41.28% by June 30, 2023, demonstrating strong profitability. However, there was a slight decline in the following quarters, with ROE ranging between 29.45% and 36.54% by the end of 2024.
Overall, the increasing trend in ROE from mid-2021 to mid-2023 suggests an improvement in Boyd Gaming Corporation's efficiency in utilizing its equity to generate profits. The subsequent slight fluctuations in ROE levels in late 2023 and 2024 indicate some variability in the company's profitability during those periods.
Peer comparison
Dec 31, 2024