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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.
JBT Marel Corp is the larger business by last-quarter revenue ($1.0B vs $997.4M, roughly 1.0× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs 5.3%, a 5.2% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 0.6%). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.
BYD vs JBTM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.0B |
| Net Profit | $104.3M | $53.1M |
| Gross Margin | — | 34.5% |
| Operating Margin | 16.4% | 7.2% |
| Net Margin | 10.5% | 5.3% |
| Revenue YoY | 0.6% | 115.6% |
| Net Profit YoY | -5.9% | 858.6% |
| EPS (diluted) | $1.37 | $1.04 |
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 | $1.0B | ||
| Q3 25 | $1.0B | $1.0B | ||
| Q2 25 | $1.0B | $934.8M | ||
| Q1 25 | $991.6M | $854.1M | ||
| Q4 24 | $1.0B | $467.6M | ||
| Q3 24 | $961.2M | $453.8M | ||
| Q2 24 | $967.5M | $402.3M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $53.1M | ||
| Q3 25 | $1.4B | $66.0M | ||
| Q2 25 | $151.5M | $3.4M | ||
| Q1 25 | $111.4M | $-173.0M | ||
| Q4 24 | $170.5M | $-7.0M | ||
| Q3 24 | $131.1M | $38.9M | ||
| Q2 24 | $139.8M | $30.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.5% | ||
| Q3 25 | — | 35.9% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 7.2% | ||
| Q3 25 | 13.9% | 10.2% | ||
| Q2 25 | 23.4% | 5.2% | ||
| Q1 25 | 20.2% | -3.9% | ||
| Q4 24 | 25.1% | 3.4% | ||
| Q3 24 | 22.9% | 10.3% | ||
| Q2 24 | 23.5% | 6.7% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 5.3% | ||
| Q3 25 | 143.4% | 6.6% | ||
| Q2 25 | 14.6% | 0.4% | ||
| Q1 25 | 11.2% | -20.3% | ||
| Q4 24 | 16.4% | -1.5% | ||
| Q3 24 | 13.6% | 8.6% | ||
| Q2 24 | 14.5% | 7.6% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $1.04 | ||
| Q3 25 | $17.81 | $1.26 | ||
| Q2 25 | $1.84 | $0.07 | ||
| Q1 25 | $1.31 | $-3.35 | ||
| Q4 24 | $1.89 | $-0.22 | ||
| Q3 24 | $1.43 | $1.21 | ||
| Q2 24 | $1.47 | $0.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $167.9M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | — | $4.5B |
| Total Assets | — | $8.2B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $167.9M | ||
| Q3 25 | $319.1M | — | ||
| Q2 25 | $320.1M | — | ||
| Q1 25 | $311.5M | — | ||
| Q4 24 | $316.7M | $1.2B | ||
| Q3 24 | $286.3M | — | ||
| Q2 24 | $280.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.5B | $2.0B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.1B | $648.3M | ||
| Q2 24 | $3.0B | $647.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.5B | ||
| Q3 25 | $2.7B | $4.4B | ||
| Q2 25 | $1.4B | $4.4B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.7B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $8.2B | ||
| Q3 25 | $6.5B | $8.2B | ||
| Q2 25 | $6.6B | $8.3B | ||
| Q1 25 | $6.5B | $8.0B | ||
| Q4 24 | $6.4B | $3.4B | ||
| Q3 24 | $6.3B | $2.8B | ||
| Q2 24 | $6.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | 2.56× | 0.35× | ||
| Q1 25 | 2.61× | 0.48× | ||
| Q4 24 | 2.01× | 0.81× | ||
| Q3 24 | 1.88× | 0.41× | ||
| Q2 24 | 1.73× | 0.43× |
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 | — | $117.4M |
| Free Cash FlowOCF − Capex | — | $83.5M |
| FCF MarginFCF / Revenue | — | 8.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 2.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $117.4M | ||
| Q3 25 | $240.0M | $87.7M | ||
| Q2 25 | $205.0M | $102.2M | ||
| Q1 25 | $256.4M | $34.4M | ||
| Q4 24 | $262.1M | $128.7M | ||
| Q3 24 | $231.2M | $71.9M | ||
| Q2 24 | $213.1M | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $83.5M | ||
| Q3 25 | $94.4M | $56.5M | ||
| Q2 25 | $80.6M | $83.7M | ||
| Q1 25 | $86.5M | $14.4M | ||
| Q4 24 | $150.9M | $118.7M | ||
| Q3 24 | $146.0M | $65.0M | ||
| Q2 24 | $98.7M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 8.3% | ||
| Q3 25 | 9.4% | 5.6% | ||
| Q2 25 | 7.8% | 9.0% | ||
| Q1 25 | 8.7% | 1.7% | ||
| Q4 24 | 14.5% | 25.4% | ||
| Q3 24 | 15.2% | 14.3% | ||
| Q2 24 | 10.2% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 3.4% | ||
| Q3 25 | 14.5% | 3.1% | ||
| Q2 25 | 12.0% | 2.0% | ||
| Q1 25 | 17.1% | 2.3% | ||
| Q4 24 | 10.7% | 2.1% | ||
| Q3 24 | 8.9% | 1.5% | ||
| Q2 24 | 11.8% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 2.21× | ||
| Q3 25 | 0.17× | 1.33× | ||
| Q2 25 | 1.35× | 30.06× | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | 1.85× | ||
| Q2 24 | 1.52× | 0.70× |
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% |
JBTM
Segment breakdown not available.
