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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and EnerSys (ENS). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $919.1M, roughly 1.1× EnerSys). BOYD GAMING CORP runs the higher net margin — 10.5% vs 9.8%, a 0.6% gap on every dollar of revenue. On growth, EnerSys posted the faster year-over-year revenue change (1.4% vs 0.6%). Over the past eight quarters, BOYD GAMING CORP's revenue compounded faster (1.5% CAGR vs 0.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
BYD vs ENS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $919.1M |
| Net Profit | $104.3M | $90.4M |
| Gross Margin | — | 30.1% |
| Operating Margin | 16.4% | 13.5% |
| Net Margin | 10.5% | 9.8% |
| Revenue YoY | 0.6% | 1.4% |
| Net Profit YoY | -5.9% | -21.3% |
| EPS (diluted) | $1.37 | $2.40 |
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 | $919.1M | ||
| Q3 25 | $1.0B | $951.3M | ||
| Q2 25 | $1.0B | $893.0M | ||
| Q1 25 | $991.6M | $974.8M | ||
| Q4 24 | $1.0B | $906.2M | ||
| Q3 24 | $961.2M | $883.7M | ||
| Q2 24 | $967.5M | $852.9M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $90.4M | ||
| Q3 25 | $1.4B | $68.4M | ||
| Q2 25 | $151.5M | $57.5M | ||
| Q1 25 | $111.4M | $96.5M | ||
| Q4 24 | $170.5M | $114.8M | ||
| Q3 24 | $131.1M | $82.3M | ||
| Q2 24 | $139.8M | $70.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 13.5% | ||
| Q3 25 | 13.9% | 9.7% | ||
| Q2 25 | 23.4% | 9.7% | ||
| Q1 25 | 20.2% | 13.5% | ||
| Q4 24 | 25.1% | 15.7% | ||
| Q3 24 | 22.9% | 11.2% | ||
| Q2 24 | 23.5% | 10.7% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 9.8% | ||
| Q3 25 | 143.4% | 7.2% | ||
| Q2 25 | 14.6% | 6.4% | ||
| Q1 25 | 11.2% | 9.9% | ||
| Q4 24 | 16.4% | 12.7% | ||
| Q3 24 | 13.6% | 9.3% | ||
| Q2 24 | 14.5% | 8.2% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $2.40 | ||
| Q3 25 | $17.81 | $1.80 | ||
| Q2 25 | $1.84 | $1.46 | ||
| Q1 25 | $1.31 | $2.39 | ||
| Q4 24 | $1.89 | $2.88 | ||
| Q3 24 | $1.43 | $2.01 | ||
| Q2 24 | $1.47 | $1.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $450.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | — | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $450.1M | ||
| Q3 25 | $319.1M | $388.6M | ||
| Q2 25 | $320.1M | $346.7M | ||
| Q1 25 | $311.5M | $343.1M | ||
| Q4 24 | $316.7M | $463.2M | ||
| Q3 24 | $286.3M | $407.9M | ||
| Q2 24 | $280.8M | $344.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | $1.1B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.7B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $4.0B | ||
| Q3 25 | $6.5B | $4.1B | ||
| Q2 25 | $6.6B | $4.1B | ||
| Q1 25 | $6.5B | $4.0B | ||
| Q4 24 | $6.4B | $4.0B | ||
| Q3 24 | $6.3B | $4.0B | ||
| Q2 24 | $6.3B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | 0.57× | ||
| 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 | — | $184.6M |
| Free Cash FlowOCF − Capex | — | $171.3M |
| FCF MarginFCF / Revenue | — | 18.6% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $184.6M | ||
| Q3 25 | $240.0M | $218.0M | ||
| Q2 25 | $205.0M | $968.0K | ||
| Q1 25 | $256.4M | $135.2M | ||
| Q4 24 | $262.1M | $81.1M | ||
| Q3 24 | $231.2M | $33.6M | ||
| Q2 24 | $213.1M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $171.3M | ||
| Q3 25 | $94.4M | $197.1M | ||
| Q2 25 | $80.6M | $-32.1M | ||
| Q1 25 | $86.5M | $104.9M | ||
| Q4 24 | $150.9M | $56.8M | ||
| Q3 24 | $146.0M | $3.3M | ||
| Q2 24 | $98.7M | $-25.7M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 18.6% | ||
| Q3 25 | 9.4% | 20.7% | ||
| Q2 25 | 7.8% | -3.6% | ||
| Q1 25 | 8.7% | 10.8% | ||
| Q4 24 | 14.5% | 6.3% | ||
| Q3 24 | 15.2% | 0.4% | ||
| Q2 24 | 10.2% | -3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 1.4% | ||
| Q3 25 | 14.5% | 2.2% | ||
| Q2 25 | 12.0% | 3.7% | ||
| Q1 25 | 17.1% | 3.1% | ||
| Q4 24 | 10.7% | 2.7% | ||
| Q3 24 | 8.9% | 3.4% | ||
| Q2 24 | 11.8% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 2.04× | ||
| Q3 25 | 0.17× | 3.19× | ||
| Q2 25 | 1.35× | 0.02× | ||
| Q1 25 | 2.30× | 1.40× | ||
| Q4 24 | 1.54× | 0.71× | ||
| Q3 24 | 1.76× | 0.41× | ||
| Q2 24 | 1.52× | 0.15× |
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% |
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
