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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and INSPERITY, INC. (NSP). Click either name above to swap in a different company.
INSPERITY, INC. is the larger business by last-quarter revenue ($1.7B vs $997.4M, roughly 1.7× BOYD GAMING CORP). On growth, INSPERITY, INC. posted the faster year-over-year revenue change (3.4% vs 0.6%). Over the past eight quarters, BOYD GAMING CORP's revenue compounded faster (1.5% CAGR vs -3.8%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
BYD vs NSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.7B |
| Net Profit | $104.3M | — |
| Gross Margin | — | 10.3% |
| Operating Margin | 16.4% | -2.8% |
| Net Margin | 10.5% | — |
| Revenue YoY | 0.6% | 3.4% |
| Net Profit YoY | -5.9% | — |
| EPS (diluted) | $1.37 | $-0.87 |
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 | $1.7B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $991.6M | $1.9B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $961.2M | $1.6B | ||
| Q2 24 | $967.5M | $1.6B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | — | ||
| Q3 25 | $1.4B | $-20.0M | ||
| Q2 25 | $151.5M | $-5.0M | ||
| Q1 25 | $111.4M | $51.0M | ||
| Q4 24 | $170.5M | — | ||
| Q3 24 | $131.1M | $3.0M | ||
| Q2 24 | $139.8M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | -2.8% | ||
| Q3 25 | 13.9% | -1.5% | ||
| Q2 25 | 23.4% | -0.4% | ||
| Q1 25 | 20.2% | 3.7% | ||
| Q4 24 | 25.1% | -0.9% | ||
| Q3 24 | 22.9% | 0.1% | ||
| Q2 24 | 23.5% | 1.4% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 143.4% | -1.2% | ||
| Q2 25 | 14.6% | -0.3% | ||
| Q1 25 | 11.2% | 2.7% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 13.6% | 0.2% | ||
| Q2 24 | 14.5% | 1.1% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $-0.87 | ||
| Q3 25 | $17.81 | $-0.53 | ||
| Q2 25 | $1.84 | $-0.14 | ||
| Q1 25 | $1.31 | $1.35 | ||
| Q4 24 | $1.89 | $-0.21 | ||
| Q3 24 | $1.43 | $0.07 | ||
| Q2 24 | $1.47 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $682.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $46.0M |
| Total Assets | — | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $682.0M | ||
| Q3 25 | $319.1M | $521.0M | ||
| Q2 25 | $320.1M | $511.0M | ||
| Q1 25 | $311.5M | $684.0M | ||
| Q4 24 | $316.7M | $1.2B | ||
| Q3 24 | $286.3M | $596.0M | ||
| Q2 24 | $280.8M | $850.0M |
| 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 | $46.0M | ||
| Q3 25 | $2.7B | $87.0M | ||
| Q2 25 | $1.4B | $112.0M | ||
| Q1 25 | $1.3B | $119.0M | ||
| Q4 24 | $1.6B | $97.0M | ||
| Q3 24 | $1.6B | $125.0M | ||
| Q2 24 | $1.7B | $142.0M |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $2.2B | ||
| Q3 25 | $6.5B | $2.0B | ||
| Q2 25 | $6.6B | $2.0B | ||
| Q1 25 | $6.5B | $2.1B | ||
| Q4 24 | $6.4B | $2.6B | ||
| Q3 24 | $6.3B | $1.9B | ||
| Q2 24 | $6.3B | $2.1B |
| 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 | — | $255.0M |
| Free Cash FlowOCF − Capex | — | $246.0M |
| FCF MarginFCF / Revenue | — | 14.7% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $255.0M | ||
| Q3 25 | $240.0M | $-11.0M | ||
| Q2 25 | $205.0M | $-79.0M | ||
| Q1 25 | $256.4M | $-443.0M | ||
| Q4 24 | $262.1M | $619.0M | ||
| Q3 24 | $231.2M | $-150.0M | ||
| Q2 24 | $213.1M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $246.0M | ||
| Q3 25 | $94.4M | $-20.0M | ||
| Q2 25 | $80.6M | $-86.0M | ||
| Q1 25 | $86.5M | $-449.0M | ||
| Q4 24 | $150.9M | $606.0M | ||
| Q3 24 | $146.0M | $-164.0M | ||
| Q2 24 | $98.7M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 14.7% | ||
| Q3 25 | 9.4% | -1.2% | ||
| Q2 25 | 7.8% | -5.2% | ||
| Q1 25 | 8.7% | -24.1% | ||
| Q4 24 | 14.5% | 37.6% | ||
| Q3 24 | 15.2% | -10.5% | ||
| Q2 24 | 10.2% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 0.5% | ||
| Q3 25 | 14.5% | 0.6% | ||
| Q2 25 | 12.0% | 0.4% | ||
| Q1 25 | 17.1% | 0.3% | ||
| Q4 24 | 10.7% | 0.8% | ||
| Q3 24 | 8.9% | 0.9% | ||
| Q2 24 | 11.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 2.30× | -8.69× | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | -50.00× | ||
| Q2 24 | 1.52× | 1.11× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
