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Side-by-side financial comparison of BRUNSWICK CORP (BC) and BOYD GAMING CORP (BYD). Click either name above to swap in a different company.
BRUNSWICK CORP is the larger business by last-quarter revenue ($1.3B vs $997.4M, roughly 1.3× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs 1.4%, a 9.1% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (15.5% vs 0.6%). Over the past eight quarters, BOYD GAMING CORP's revenue compounded faster (1.5% CAGR vs -1.1%).
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
BC vs BYD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $997.4M |
| Net Profit | $18.7M | $104.3M |
| Gross Margin | 23.1% | — |
| Operating Margin | 3.1% | 16.4% |
| Net Margin | 1.4% | 10.5% |
| Revenue YoY | 15.5% | 0.6% |
| Net Profit YoY | 122.7% | -5.9% |
| EPS (diluted) | $0.32 | $1.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $997.4M | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.2B | $991.6M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.3B | $961.2M | ||
| Q2 24 | $1.4B | $967.5M |
| Q1 26 | — | $104.3M | ||
| Q4 25 | $18.7M | $140.4M | ||
| Q3 25 | $-235.5M | $1.4B | ||
| Q2 25 | $59.3M | $151.5M | ||
| Q1 25 | $20.2M | $111.4M | ||
| Q4 24 | $-82.5M | $170.5M | ||
| Q3 24 | $44.6M | $131.1M | ||
| Q2 24 | $100.0M | $139.8M |
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — |
| Q1 26 | — | 16.4% | ||
| Q4 25 | 3.1% | 15.7% | ||
| Q3 25 | -17.8% | 13.9% | ||
| Q2 25 | 7.1% | 23.4% | ||
| Q1 25 | 4.6% | 20.2% | ||
| Q4 24 | -4.8% | 25.1% | ||
| Q3 24 | 7.7% | 22.9% | ||
| Q2 24 | 11.0% | 23.5% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 1.4% | 13.2% | ||
| Q3 25 | -17.3% | 143.4% | ||
| Q2 25 | 4.1% | 14.6% | ||
| Q1 25 | 1.7% | 11.2% | ||
| Q4 24 | -7.1% | 16.4% | ||
| Q3 24 | 3.5% | 13.6% | ||
| Q2 24 | 6.9% | 14.5% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | $0.32 | $1.60 | ||
| Q3 25 | $-3.59 | $17.81 | ||
| Q2 25 | $0.89 | $1.84 | ||
| Q1 25 | $0.30 | $1.31 | ||
| Q4 24 | $-1.21 | $1.89 | ||
| Q3 24 | $0.67 | $1.43 | ||
| Q2 24 | $1.48 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $256.8M | — |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $1.6B | — |
| Total Assets | $5.3B | — |
| Debt / EquityLower = less leverage | 1.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $256.8M | $353.4M | ||
| Q3 25 | $297.7M | $319.1M | ||
| Q2 25 | $315.7M | $320.1M | ||
| Q1 25 | $286.7M | $311.5M | ||
| Q4 24 | $269.0M | $316.7M | ||
| Q3 24 | $284.1M | $286.3M | ||
| Q2 24 | $494.5M | $280.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $2.4B | $3.2B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $6.6B | ||
| Q3 25 | $5.4B | $6.5B | ||
| Q2 25 | $5.8B | $6.6B | ||
| Q1 25 | $5.9B | $6.5B | ||
| Q4 24 | $5.7B | $6.4B | ||
| Q3 24 | $6.0B | $6.3B | ||
| Q2 24 | $6.4B | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.56× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | 1.25× | 2.01× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.73× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $132.9M | — |
| Free Cash FlowOCF − Capex | $83.6M | — |
| FCF MarginFCF / Revenue | 6.3% | — |
| Capex IntensityCapex / Revenue | 3.7% | — |
| Cash ConversionOCF / Net Profit | 7.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $396.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $132.9M | $275.3M | ||
| Q3 25 | $140.4M | $240.0M | ||
| Q2 25 | $316.2M | $205.0M | ||
| Q1 25 | $-27.4M | $256.4M | ||
| Q4 24 | $306.4M | $262.1M | ||
| Q3 24 | $67.4M | $231.2M | ||
| Q2 24 | $211.0M | $213.1M |
| Q1 26 | — | — | ||
| Q4 25 | $83.6M | $127.0M | ||
| Q3 25 | $106.5M | $94.4M | ||
| Q2 25 | $271.3M | $80.6M | ||
| Q1 25 | $-65.1M | $86.5M | ||
| Q4 24 | $276.1M | $150.9M | ||
| Q3 24 | $31.4M | $146.0M | ||
| Q2 24 | $163.9M | $98.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 12.0% | ||
| Q3 25 | 7.8% | 9.4% | ||
| Q2 25 | 18.7% | 7.8% | ||
| Q1 25 | -5.3% | 8.7% | ||
| Q4 24 | 23.9% | 14.5% | ||
| Q3 24 | 2.5% | 15.2% | ||
| Q2 24 | 11.4% | 10.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 14.0% | ||
| Q3 25 | 2.5% | 14.5% | ||
| Q2 25 | 3.1% | 12.0% | ||
| Q1 25 | 3.1% | 17.1% | ||
| Q4 24 | 2.6% | 10.7% | ||
| Q3 24 | 2.8% | 8.9% | ||
| Q2 24 | 3.3% | 11.8% |
| Q1 26 | — | — | ||
| Q4 25 | 7.11× | 1.96× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | 5.33× | 1.35× | ||
| Q1 25 | -1.36× | 2.30× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | 1.51× | 1.76× | ||
| Q2 24 | 2.11× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
