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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy 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 6.5%, a 3.9% gap on every dollar of revenue. On growth, Evergy posted the faster year-over-year revenue change (5.3% vs 0.6%). Over the past eight quarters, BOYD GAMING CORP's revenue compounded faster (1.5% CAGR vs 0.4%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
BYD vs EVRG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.3B |
| Net Profit | $104.3M | $84.3M |
| Gross Margin | — | — |
| Operating Margin | 16.4% | 18.5% |
| Net Margin | 10.5% | 6.5% |
| Revenue YoY | 0.6% | 5.3% |
| Net Profit YoY | -5.9% | 7.8% |
| EPS (diluted) | $1.37 | $0.35 |
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 | $1.3B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $991.6M | $1.3B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $961.2M | $1.8B | ||
| Q2 24 | $967.5M | $1.4B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $84.3M | ||
| Q3 25 | $1.4B | $475.0M | ||
| Q2 25 | $151.5M | $171.3M | ||
| Q1 25 | $111.4M | $125.0M | ||
| Q4 24 | $170.5M | $78.2M | ||
| Q3 24 | $131.1M | $465.6M | ||
| Q2 24 | $139.8M | $207.0M |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 18.5% | ||
| Q3 25 | 13.9% | 37.3% | ||
| Q2 25 | 23.4% | 25.4% | ||
| Q1 25 | 20.2% | 22.5% | ||
| Q4 24 | 25.1% | 18.1% | ||
| Q3 24 | 22.9% | 35.1% | ||
| Q2 24 | 23.5% | 25.4% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 6.5% | ||
| Q3 25 | 143.4% | 26.9% | ||
| Q2 25 | 14.6% | 12.6% | ||
| Q1 25 | 11.2% | 9.7% | ||
| Q4 24 | 16.4% | 6.4% | ||
| Q3 24 | 13.6% | 26.0% | ||
| Q2 24 | 14.5% | 14.7% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.35 | ||
| Q3 25 | $17.81 | $2.03 | ||
| Q2 25 | $1.84 | $0.74 | ||
| Q1 25 | $1.31 | $0.54 | ||
| Q4 24 | $1.89 | $0.34 | ||
| Q3 24 | $1.43 | $2.02 | ||
| Q2 24 | $1.47 | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $19.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $10.2B |
| Total Assets | — | $33.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $19.8M | ||
| Q3 25 | $319.1M | $27.5M | ||
| Q2 25 | $320.1M | $27.8M | ||
| Q1 25 | $311.5M | $35.3M | ||
| Q4 24 | $316.7M | $22.0M | ||
| Q3 24 | $286.3M | $34.6M | ||
| Q2 24 | $280.8M | $26.1M |
| 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 | $10.2B | ||
| Q3 25 | $2.7B | $10.3B | ||
| Q2 25 | $1.4B | $10.0B | ||
| Q1 25 | $1.3B | $9.9B | ||
| Q4 24 | $1.6B | $10.0B | ||
| Q3 24 | $1.6B | $10.0B | ||
| Q2 24 | $1.7B | $9.7B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $33.9B | ||
| Q3 25 | $6.5B | $33.4B | ||
| Q2 25 | $6.6B | $32.9B | ||
| Q1 25 | $6.5B | $32.5B | ||
| Q4 24 | $6.4B | $32.3B | ||
| Q3 24 | $6.3B | $32.1B | ||
| Q2 24 | $6.3B | $31.8B |
| 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 | — | $334.0M |
| Free Cash FlowOCF − Capex | — | $-530.5M |
| FCF MarginFCF / Revenue | — | -41.1% |
| Capex IntensityCapex / Revenue | — | 66.9% |
| Cash ConversionOCF / Net Profit | — | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $334.0M | ||
| Q3 25 | $240.0M | $937.7M | ||
| Q2 25 | $205.0M | $323.9M | ||
| Q1 25 | $256.4M | $449.6M | ||
| Q4 24 | $262.1M | $395.6M | ||
| Q3 24 | $231.2M | $953.3M | ||
| Q2 24 | $213.1M | $317.5M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $-530.5M | ||
| Q3 25 | $94.4M | $225.4M | ||
| Q2 25 | $80.6M | $-303.4M | ||
| Q1 25 | $86.5M | $-143.2M | ||
| Q4 24 | $150.9M | $-118.6M | ||
| Q3 24 | $146.0M | $427.0M | ||
| Q2 24 | $98.7M | $-360.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | -41.1% | ||
| Q3 25 | 9.4% | 12.8% | ||
| Q2 25 | 7.8% | -22.4% | ||
| Q1 25 | 8.7% | -11.1% | ||
| Q4 24 | 14.5% | -9.7% | ||
| Q3 24 | 15.2% | 23.9% | ||
| Q2 24 | 10.2% | -25.6% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 66.9% | ||
| Q3 25 | 14.5% | 40.4% | ||
| Q2 25 | 12.0% | 46.3% | ||
| Q1 25 | 17.1% | 45.8% | ||
| Q4 24 | 10.7% | 41.9% | ||
| Q3 24 | 8.9% | 29.4% | ||
| Q2 24 | 11.8% | 48.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 3.96× | ||
| Q3 25 | 0.17× | 1.97× | ||
| Q2 25 | 1.35× | 1.89× | ||
| Q1 25 | 2.30× | 3.60× | ||
| Q4 24 | 1.54× | 5.06× | ||
| Q3 24 | 1.76× | 2.05× | ||
| Q2 24 | 1.52× | 1.53× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
