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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Magnera Corp (MAGN). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $792.0M, roughly 1.3× Magnera Corp). BOYD GAMING CORP runs the higher net margin — 10.5% vs -4.3%, a 14.7% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 0.6%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
BYD vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $792.0M |
| Net Profit | $104.3M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 16.4% | 1.8% |
| Net Margin | 10.5% | -4.3% |
| Revenue YoY | 0.6% | 12.8% |
| Net Profit YoY | -5.9% | 43.3% |
| EPS (diluted) | $1.37 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | $839.0M | ||
| Q1 25 | $991.6M | $824.0M | ||
| Q4 24 | $1.0B | $702.0M | ||
| Q3 24 | $961.2M | $332.1M | ||
| Q2 24 | $967.5M | $556.0M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $-34.0M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $151.5M | $-18.0M | ||
| Q1 25 | $111.4M | $-41.0M | ||
| Q4 24 | $170.5M | $-60.0M | ||
| Q3 24 | $131.1M | $-15.2M | ||
| Q2 24 | $139.8M | $19.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 1.8% | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 23.4% | 1.5% | ||
| Q1 25 | 20.2% | 0.5% | ||
| Q4 24 | 25.1% | -3.1% | ||
| Q3 24 | 22.9% | 0.9% | ||
| Q2 24 | 23.5% | 3.1% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | -4.3% | ||
| Q3 25 | 143.4% | — | ||
| Q2 25 | 14.6% | -2.1% | ||
| Q1 25 | 11.2% | -5.0% | ||
| Q4 24 | 16.4% | -8.5% | ||
| Q3 24 | 13.6% | -4.6% | ||
| Q2 24 | 14.5% | 3.4% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $-0.95 | ||
| Q3 25 | $17.81 | — | ||
| Q2 25 | $1.84 | $-0.51 | ||
| Q1 25 | $1.31 | $-1.15 | ||
| Q4 24 | $1.89 | $-1.69 | ||
| Q3 24 | $1.43 | $-0.33 | ||
| Q2 24 | $1.47 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | — | $1.0B |
| Total Assets | — | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $264.0M | ||
| Q3 25 | $319.1M | — | ||
| Q2 25 | $320.1M | $276.0M | ||
| Q1 25 | $311.5M | $282.0M | ||
| Q4 24 | $316.7M | $215.0M | ||
| Q3 24 | $286.3M | $230.0M | ||
| Q2 24 | $280.8M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | $2.0B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $3.0B | $877.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $1.0B | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.7B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $3.9B | ||
| Q3 25 | $6.5B | — | ||
| Q2 25 | $6.6B | $4.1B | ||
| Q1 25 | $6.5B | $4.1B | ||
| Q4 24 | $6.4B | $4.0B | ||
| Q3 24 | $6.3B | $2.8B | ||
| Q2 24 | $6.3B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.56× | 1.77× | ||
| Q1 25 | 2.61× | 1.83× | ||
| Q4 24 | 2.01× | 1.80× | ||
| Q3 24 | 1.88× | 0.91× | ||
| Q2 24 | 1.73× | 0.37× |
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 | — | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $2.0M | ||
| Q3 25 | $240.0M | — | ||
| Q2 25 | $205.0M | $0 | ||
| Q1 25 | $256.4M | $65.0M | ||
| Q4 24 | $262.1M | $-58.0M | ||
| Q3 24 | $231.2M | $12.2M | ||
| Q2 24 | $213.1M | $38.0M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $-13.0M | ||
| Q3 25 | $94.4M | — | ||
| Q2 25 | $80.6M | — | ||
| Q1 25 | $86.5M | $42.0M | ||
| Q4 24 | $150.9M | $-74.0M | ||
| Q3 24 | $146.0M | $3.6M | ||
| Q2 24 | $98.7M | $23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | -1.6% | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.7% | 5.1% | ||
| Q4 24 | 14.5% | -10.5% | ||
| Q3 24 | 15.2% | 1.1% | ||
| Q2 24 | 10.2% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 1.9% | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 12.0% | 1.5% | ||
| Q1 25 | 17.1% | 2.8% | ||
| Q4 24 | 10.7% | 2.3% | ||
| Q3 24 | 8.9% | 2.6% | ||
| Q2 24 | 11.8% | 2.7% |
| 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× | 2.00× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
