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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and CENTURY ALUMINUM CO (CENX). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $633.7M, roughly 1.6× CENTURY ALUMINUM CO). BOYD GAMING CORP runs the higher net margin — 10.5% vs 0.3%, a 10.2% gap on every dollar of revenue. On growth, BOYD GAMING CORP posted the faster year-over-year revenue change (0.6% vs 0.4%). Over the past eight quarters, CENTURY ALUMINUM CO's revenue compounded faster (13.8% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Century Aluminum Company is a US-based producer of primary aluminum, with aluminum plants in Kentucky, South Carolina and Iceland. It is the largest producer of primary aluminum in the United States. The company is a publicly held corporation listed on the NASDAQ. The headquarters is at One South Wacker in Chicago.
BYD vs CENX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $633.7M |
| Net Profit | $104.3M | $1.8M |
| Gross Margin | — | 13.0% |
| Operating Margin | 16.4% | 5.2% |
| Net Margin | 10.5% | 0.3% |
| Revenue YoY | 0.6% | 0.4% |
| Net Profit YoY | -5.9% | -96.0% |
| EPS (diluted) | $1.37 | $0.03 |
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 | $1.1B | $633.7M | ||
| Q3 25 | $1.0B | $632.2M | ||
| Q2 25 | $1.0B | $628.1M | ||
| Q1 25 | $991.6M | $633.9M | ||
| Q4 24 | $1.0B | $630.9M | ||
| Q3 24 | $961.2M | $539.1M | ||
| Q2 24 | $967.5M | $560.8M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $1.8M | ||
| Q3 25 | $1.4B | $14.9M | ||
| Q2 25 | $151.5M | $-4.6M | ||
| Q1 25 | $111.4M | $29.7M | ||
| Q4 24 | $170.5M | $45.2M | ||
| Q3 24 | $131.1M | $47.3M | ||
| Q2 24 | $139.8M | $-2.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 3.6% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 5.2% | ||
| Q3 25 | 13.9% | 9.2% | ||
| Q2 25 | 23.4% | 3.3% | ||
| Q1 25 | 20.2% | 7.3% | ||
| Q4 24 | 25.1% | 7.8% | ||
| Q3 24 | 22.9% | 11.8% | ||
| Q2 24 | 23.5% | 1.1% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 0.3% | ||
| Q3 25 | 143.4% | 2.4% | ||
| Q2 25 | 14.6% | -0.7% | ||
| Q1 25 | 11.2% | 4.7% | ||
| Q4 24 | 16.4% | 7.2% | ||
| Q3 24 | 13.6% | 8.8% | ||
| Q2 24 | 14.5% | -0.4% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.03 | ||
| Q3 25 | $17.81 | $0.15 | ||
| Q2 25 | $1.84 | $-0.05 | ||
| Q1 25 | $1.31 | $0.29 | ||
| Q4 24 | $1.89 | $0.58 | ||
| Q3 24 | $1.43 | $0.46 | ||
| Q2 24 | $1.47 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $134.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $805.6M |
| Total Assets | — | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $134.2M | ||
| Q3 25 | $319.1M | $151.4M | ||
| Q2 25 | $320.1M | $40.7M | ||
| Q1 25 | $311.5M | $44.9M | ||
| Q4 24 | $316.7M | $32.9M | ||
| Q3 24 | $286.3M | — | ||
| Q2 24 | $280.8M | $41.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $805.6M | ||
| Q3 25 | $2.7B | $741.8M | ||
| Q2 25 | $1.4B | $724.4M | ||
| Q1 25 | $1.3B | $726.3M | ||
| Q4 24 | $1.6B | $694.4M | ||
| Q3 24 | $1.6B | $628.5M | ||
| Q2 24 | $1.7B | $601.5M |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $2.3B | ||
| Q3 25 | $6.5B | $2.1B | ||
| Q2 25 | $6.6B | $1.9B | ||
| Q1 25 | $6.5B | $2.0B | ||
| Q4 24 | $6.4B | $1.9B | ||
| Q3 24 | $6.3B | $2.1B | ||
| Q2 24 | $6.3B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 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 | — | $102.8M |
| Free Cash FlowOCF − Capex | — | $67.7M |
| FCF MarginFCF / Revenue | — | 10.7% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | — | 57.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $84.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $102.8M | ||
| Q3 25 | $240.0M | $2.0M | ||
| Q2 25 | $205.0M | $7.9M | ||
| Q1 25 | $256.4M | $72.3M | ||
| Q4 24 | $262.1M | $-41.4M | ||
| Q3 24 | $231.2M | $20.1M | ||
| Q2 24 | $213.1M | $11.5M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $67.7M | ||
| Q3 25 | $94.4M | $-18.1M | ||
| Q2 25 | $80.6M | $-15.9M | ||
| Q1 25 | $86.5M | $51.1M | ||
| Q4 24 | $150.9M | $-54.6M | ||
| Q3 24 | $146.0M | $-2.4M | ||
| Q2 24 | $98.7M | $-5.4M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 10.7% | ||
| Q3 25 | 9.4% | -2.9% | ||
| Q2 25 | 7.8% | -2.5% | ||
| Q1 25 | 8.7% | 8.1% | ||
| Q4 24 | 14.5% | -8.7% | ||
| Q3 24 | 15.2% | -0.4% | ||
| Q2 24 | 10.2% | -1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 5.5% | ||
| Q3 25 | 14.5% | 3.2% | ||
| Q2 25 | 12.0% | 3.8% | ||
| Q1 25 | 17.1% | 3.3% | ||
| Q4 24 | 10.7% | 2.1% | ||
| Q3 24 | 8.9% | 4.2% | ||
| Q2 24 | 11.8% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 57.11× | ||
| Q3 25 | 0.17× | 0.13× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 2.30× | 2.43× | ||
| Q4 24 | 1.54× | -0.92× | ||
| Q3 24 | 1.76× | 0.42× | ||
| Q2 24 | 1.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CENX
| Aluminum | $566.3M | 89% |
| Alumina | $67.4M | 11% |
