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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Noble Corp plc (NE). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $764.4M, roughly 1.3× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 10.5%, a 0.9% gap on every dollar of revenue. On growth, BOYD GAMING CORP posted the faster year-over-year revenue change (0.6% vs -17.6%). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
BYD vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $764.4M |
| Net Profit | $104.3M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 16.4% | 5.6% |
| Net Margin | 10.5% | 11.3% |
| Revenue YoY | 0.6% | -17.6% |
| Net Profit YoY | -5.9% | -10.4% |
| EPS (diluted) | $1.37 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $1.0B | $798.0M | ||
| Q2 25 | $1.0B | $848.7M | ||
| Q1 25 | $991.6M | $874.5M | ||
| Q4 24 | $1.0B | $927.3M | ||
| Q3 24 | $961.2M | $800.5M | ||
| Q2 24 | $967.5M | $692.8M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $86.6M | ||
| Q3 25 | $1.4B | $-21.1M | ||
| Q2 25 | $151.5M | $42.9M | ||
| Q1 25 | $111.4M | $108.3M | ||
| Q4 24 | $170.5M | $96.6M | ||
| Q3 24 | $131.1M | $61.2M | ||
| Q2 24 | $139.8M | $195.0M |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 5.6% | ||
| Q3 25 | 13.9% | 6.3% | ||
| Q2 25 | 23.4% | 15.9% | ||
| Q1 25 | 20.2% | 21.4% | ||
| Q4 24 | 25.1% | 18.4% | ||
| Q3 24 | 22.9% | 14.4% | ||
| Q2 24 | 23.5% | 30.3% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 11.3% | ||
| Q3 25 | 143.4% | -2.6% | ||
| Q2 25 | 14.6% | 5.1% | ||
| Q1 25 | 11.2% | 12.4% | ||
| Q4 24 | 16.4% | 10.4% | ||
| Q3 24 | 13.6% | 7.6% | ||
| Q2 24 | 14.5% | 28.1% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.54 | ||
| Q3 25 | $17.81 | $-0.13 | ||
| Q2 25 | $1.84 | $0.27 | ||
| Q1 25 | $1.31 | $0.67 | ||
| Q4 24 | $1.89 | $0.56 | ||
| Q3 24 | $1.43 | $0.40 | ||
| Q2 24 | $1.47 | $1.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.5B |
| Total Assets | — | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $471.4M | ||
| Q3 25 | $319.1M | $477.9M | ||
| Q2 25 | $320.1M | $338.2M | ||
| Q1 25 | $311.5M | $303.8M | ||
| Q4 24 | $316.7M | $247.3M | ||
| Q3 24 | $286.3M | $391.9M | ||
| Q2 24 | $280.8M | $162.9M |
| 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 | $4.5B | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.7B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $7.5B | ||
| Q3 25 | $6.5B | $7.6B | ||
| Q2 25 | $6.6B | $7.7B | ||
| Q1 25 | $6.5B | $7.9B | ||
| Q4 24 | $6.4B | $8.0B | ||
| Q3 24 | $6.3B | $8.0B | ||
| Q2 24 | $6.3B | $5.6B |
| 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 | — | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $187.1M | ||
| Q3 25 | $240.0M | $277.1M | ||
| Q2 25 | $205.0M | $216.4M | ||
| Q1 25 | $256.4M | $271.1M | ||
| Q4 24 | $262.1M | $136.2M | ||
| Q3 24 | $231.2M | $283.8M | ||
| Q2 24 | $213.1M | $106.8M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $35.4M | ||
| Q3 25 | $94.4M | $139.5M | ||
| Q2 25 | $80.6M | $99.8M | ||
| Q1 25 | $86.5M | $157.5M | ||
| Q4 24 | $150.9M | $-4.4M | ||
| Q3 24 | $146.0M | $156.8M | ||
| Q2 24 | $98.7M | $-34.3M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 4.6% | ||
| Q3 25 | 9.4% | 17.5% | ||
| Q2 25 | 7.8% | 11.8% | ||
| Q1 25 | 8.7% | 18.0% | ||
| Q4 24 | 14.5% | -0.5% | ||
| Q3 24 | 15.2% | 19.6% | ||
| Q2 24 | 10.2% | -4.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 19.9% | ||
| Q3 25 | 14.5% | 17.3% | ||
| Q2 25 | 12.0% | 13.7% | ||
| Q1 25 | 17.1% | 13.0% | ||
| Q4 24 | 10.7% | 15.2% | ||
| Q3 24 | 8.9% | 15.9% | ||
| Q2 24 | 11.8% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 2.16× | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 1.35× | 5.05× | ||
| Q1 25 | 2.30× | 2.50× | ||
| Q4 24 | 1.54× | 1.41× | ||
| Q3 24 | 1.76× | 4.64× | ||
| Q2 24 | 1.52× | 0.55× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
