vs
Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $997.4M, roughly 1.8× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs -1.1%, a 11.6% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs 0.6%). Over the past eight quarters, Hyatt Hotels Corp's revenue compounded faster (2.2% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
BYD vs H — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.8B |
| Net Profit | $104.3M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 16.4% | 0.4% |
| Net Margin | 10.5% | -1.1% |
| Revenue YoY | 0.6% | 11.7% |
| Net Profit YoY | -5.9% | 64.3% |
| EPS (diluted) | $1.37 | $-0.20 |
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 | $1.8B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $991.6M | $1.7B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $961.2M | $1.6B | ||
| Q2 24 | $967.5M | $1.7B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $-20.0M | ||
| Q3 25 | $1.4B | $-49.0M | ||
| Q2 25 | $151.5M | $-3.0M | ||
| Q1 25 | $111.4M | $20.0M | ||
| Q4 24 | $170.5M | $-56.0M | ||
| Q3 24 | $131.1M | $471.0M | ||
| Q2 24 | $139.8M | $359.0M |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 0.4% | ||
| Q3 25 | 13.9% | -1.0% | ||
| Q2 25 | 23.4% | 2.1% | ||
| Q1 25 | 20.2% | 3.0% | ||
| Q4 24 | 25.1% | -3.0% | ||
| Q3 24 | 22.9% | 37.3% | ||
| Q2 24 | 23.5% | 27.1% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | -1.1% | ||
| Q3 25 | 143.4% | -2.7% | ||
| Q2 25 | 14.6% | -0.2% | ||
| Q1 25 | 11.2% | 1.2% | ||
| Q4 24 | 16.4% | -3.5% | ||
| Q3 24 | 13.6% | 28.9% | ||
| Q2 24 | 14.5% | 21.1% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $-0.20 | ||
| Q3 25 | $17.81 | $-0.51 | ||
| Q2 25 | $1.84 | $-0.03 | ||
| Q1 25 | $1.31 | $0.19 | ||
| Q4 24 | $1.89 | $-0.37 | ||
| Q3 24 | $1.43 | $4.63 | ||
| Q2 24 | $1.47 | $3.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $813.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $3.3B |
| Total Assets | — | $14.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $813.0M | ||
| Q3 25 | $319.1M | $749.0M | ||
| Q2 25 | $320.1M | $912.0M | ||
| Q1 25 | $311.5M | $1.8B | ||
| Q4 24 | $316.7M | $1.4B | ||
| Q3 24 | $286.3M | $1.1B | ||
| Q2 24 | $280.8M | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | $3.6B | $6.0B | ||
| Q1 25 | $3.5B | $4.3B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.0B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $3.3B | ||
| Q3 25 | $2.7B | $3.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.6B | $3.5B | ||
| Q3 24 | $1.6B | $3.7B | ||
| Q2 24 | $1.7B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $14.0B | ||
| Q3 25 | $6.5B | $15.7B | ||
| Q2 25 | $6.6B | $15.9B | ||
| Q1 25 | $6.5B | $14.0B | ||
| Q4 24 | $6.4B | $13.3B | ||
| Q3 24 | $6.3B | $11.9B | ||
| Q2 24 | $6.3B | $12.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | 2.56× | 1.69× | ||
| Q1 25 | 2.61× | 1.25× | ||
| Q4 24 | 2.01× | 1.07× | ||
| Q3 24 | 1.88× | 0.85× | ||
| Q2 24 | 1.73× | 1.01× |
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 | — | $313.0M |
| Free Cash FlowOCF − Capex | — | $236.0M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $313.0M | ||
| Q3 25 | $240.0M | $-20.0M | ||
| Q2 25 | $205.0M | $-67.0M | ||
| Q1 25 | $256.4M | $153.0M | ||
| Q4 24 | $262.1M | $235.0M | ||
| Q3 24 | $231.2M | $-21.0M | ||
| Q2 24 | $213.1M | $177.0M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $236.0M | ||
| Q3 25 | $94.4M | $-89.0M | ||
| Q2 25 | $80.6M | $-111.0M | ||
| Q1 25 | $86.5M | $123.0M | ||
| Q4 24 | $150.9M | $184.0M | ||
| Q3 24 | $146.0M | $-64.0M | ||
| Q2 24 | $98.7M | $135.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 13.2% | ||
| Q3 25 | 9.4% | -5.0% | ||
| Q2 25 | 7.8% | -6.1% | ||
| Q1 25 | 8.7% | 7.2% | ||
| Q4 24 | 14.5% | 11.5% | ||
| Q3 24 | 15.2% | -3.9% | ||
| Q2 24 | 10.2% | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 4.3% | ||
| Q3 25 | 14.5% | 3.9% | ||
| Q2 25 | 12.0% | 2.4% | ||
| Q1 25 | 17.1% | 1.7% | ||
| Q4 24 | 10.7% | 3.2% | ||
| Q3 24 | 8.9% | 2.6% | ||
| Q2 24 | 11.8% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 2.30× | 7.65× | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | -0.04× | ||
| Q2 24 | 1.52× | 0.49× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
