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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and CIVITAS RESOURCES, INC. (CIVI). Click either name above to swap in a different company.
CIVITAS RESOURCES, INC. is the larger business by last-quarter revenue ($1.2B vs $997.4M, roughly 1.2× BOYD GAMING CORP). On growth, BOYD GAMING CORP posted the faster year-over-year revenue change (0.6% vs -8.2%). Over the past eight quarters, CIVITAS RESOURCES, INC.'s revenue compounded faster (1.8% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.
BYD vs CIVI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.2B |
| Net Profit | $104.3M | — |
| Gross Margin | — | — |
| Operating Margin | 16.4% | 20.0% |
| Net Margin | 10.5% | — |
| Revenue YoY | 0.6% | -8.2% |
| Net Profit YoY | -5.9% | — |
| EPS (diluted) | $1.37 | $1.99 |
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 | — | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $991.6M | $1.2B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $961.2M | $1.3B | ||
| Q2 24 | $967.5M | $1.3B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $151.5M | — | ||
| Q1 25 | $111.4M | — | ||
| Q4 24 | $170.5M | — | ||
| Q3 24 | $131.1M | — | ||
| Q2 24 | $139.8M | — |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 13.9% | 20.0% | ||
| Q2 25 | 23.4% | 15.3% | ||
| Q1 25 | 20.2% | 20.7% | ||
| Q4 24 | 25.1% | 15.4% | ||
| Q3 24 | 22.9% | 30.6% | ||
| Q2 24 | 23.5% | 21.6% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 143.4% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 14.5% | — |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | — | ||
| Q3 25 | $17.81 | $1.99 | ||
| Q2 25 | $1.84 | $1.34 | ||
| Q1 25 | $1.31 | $1.99 | ||
| Q4 24 | $1.89 | $1.56 | ||
| Q3 24 | $1.43 | $3.01 | ||
| Q2 24 | $1.47 | $2.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $56.0M |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | — | $6.7B |
| Total Assets | — | $15.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | — | ||
| Q3 25 | $319.1M | $56.0M | ||
| Q2 25 | $320.1M | $69.0M | ||
| Q1 25 | $311.5M | $20.0M | ||
| Q4 24 | $316.7M | $76.0M | ||
| Q3 24 | $286.3M | $47.1M | ||
| Q2 24 | $280.8M | $91.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | $3.6B | $5.4B | ||
| Q1 25 | $3.5B | $5.1B | ||
| Q4 24 | $3.2B | $4.5B | ||
| Q3 24 | $3.1B | $4.8B | ||
| Q2 24 | $3.0B | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.7B | $6.7B | ||
| Q2 25 | $1.4B | $6.8B | ||
| Q1 25 | $1.3B | $6.7B | ||
| Q4 24 | $1.6B | $6.6B | ||
| Q3 24 | $1.6B | $6.7B | ||
| Q2 24 | $1.7B | $6.6B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.5B | $15.1B | ||
| Q2 25 | $6.6B | $15.4B | ||
| Q1 25 | $6.5B | $15.3B | ||
| Q4 24 | $6.4B | $14.9B | ||
| Q3 24 | $6.3B | $15.0B | ||
| Q2 24 | $6.3B | $15.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | 2.56× | 0.79× | ||
| Q1 25 | 2.61× | 0.76× | ||
| Q4 24 | 2.01× | 0.68× | ||
| Q3 24 | 1.88× | 0.73× | ||
| Q2 24 | 1.73× | 0.74× |
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 | — | $860.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | — | ||
| Q3 25 | $240.0M | $860.0M | ||
| Q2 25 | $205.0M | $298.0M | ||
| Q1 25 | $256.4M | $719.0M | ||
| Q4 24 | $262.1M | $858.2M | ||
| Q3 24 | $231.2M | $835.0M | ||
| Q2 24 | $213.1M | $359.0M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | — | ||
| Q3 25 | $94.4M | — | ||
| Q2 25 | $80.6M | — | ||
| Q1 25 | $86.5M | — | ||
| Q4 24 | $150.9M | — | ||
| Q3 24 | $146.0M | — | ||
| Q2 24 | $98.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 10.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 11.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | — | ||
| 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% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
