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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $909.4M, roughly 1.1× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 10.5%, a 4.0% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 0.6%). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
BYD vs NXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $909.4M |
| Net Profit | $104.3M | $131.2M |
| Gross Margin | — | 31.7% |
| Operating Margin | 16.4% | 19.4% |
| Net Margin | 10.5% | 14.4% |
| Revenue YoY | 0.6% | 33.9% |
| Net Profit YoY | -5.9% | 13.8% |
| EPS (diluted) | $1.37 | $0.85 |
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 | $909.4M | ||
| Q3 25 | $1.0B | $905.3M | ||
| Q2 25 | $1.0B | $864.3M | ||
| Q1 25 | $991.6M | $924.3M | ||
| Q4 24 | $1.0B | $679.4M | ||
| Q3 24 | $961.2M | $635.6M | ||
| Q2 24 | $967.5M | $719.9M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $131.2M | ||
| Q3 25 | $1.4B | $146.9M | ||
| Q2 25 | $151.5M | $157.2M | ||
| Q1 25 | $111.4M | $156.8M | ||
| Q4 24 | $170.5M | $115.3M | ||
| Q3 24 | $131.1M | $115.4M | ||
| Q2 24 | $139.8M | $121.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 33.0% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 19.4% | ||
| Q3 25 | 13.9% | 20.0% | ||
| Q2 25 | 23.4% | 21.5% | ||
| Q1 25 | 20.2% | 21.1% | ||
| Q4 24 | 25.1% | 22.1% | ||
| Q3 24 | 22.9% | 21.0% | ||
| Q2 24 | 23.5% | 22.2% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 14.4% | ||
| Q3 25 | 143.4% | 16.2% | ||
| Q2 25 | 14.6% | 18.2% | ||
| Q1 25 | 11.2% | 17.0% | ||
| Q4 24 | 16.4% | 17.0% | ||
| Q3 24 | 13.6% | 18.2% | ||
| Q2 24 | 14.5% | 16.9% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.85 | ||
| Q3 25 | $17.81 | $0.97 | ||
| Q2 25 | $1.84 | $1.04 | ||
| Q1 25 | $1.31 | $1.05 | ||
| Q4 24 | $1.89 | $0.79 | ||
| Q3 24 | $1.43 | $0.79 | ||
| Q2 24 | $1.47 | $0.84 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.2B |
| Total Assets | — | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $952.6M | ||
| Q3 25 | $319.1M | $845.3M | ||
| Q2 25 | $320.1M | $743.4M | ||
| Q1 25 | $311.5M | $766.1M | ||
| Q4 24 | $316.7M | $693.5M | ||
| Q3 24 | $286.3M | $561.9M | ||
| Q2 24 | $280.8M | $471.9M |
| 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 | $2.2B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.7B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $3.8B | ||
| Q3 25 | $6.5B | $3.7B | ||
| Q2 25 | $6.6B | $3.4B | ||
| Q1 25 | $6.5B | $3.2B | ||
| Q4 24 | $6.4B | $3.0B | ||
| Q3 24 | $6.3B | $2.8B | ||
| Q2 24 | $6.3B | $2.6B |
| 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 | — | $123.3M |
| Free Cash FlowOCF − Capex | — | $118.5M |
| FCF MarginFCF / Revenue | — | 13.0% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $123.3M | ||
| Q3 25 | $240.0M | $186.9M | ||
| Q2 25 | $205.0M | $81.3M | ||
| Q1 25 | $256.4M | $237.3M | ||
| Q4 24 | $262.1M | $143.8M | ||
| Q3 24 | $231.2M | $153.8M | ||
| Q2 24 | $213.1M | $120.8M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $118.5M | ||
| Q3 25 | $94.4M | $171.4M | ||
| Q2 25 | $80.6M | $70.1M | ||
| Q1 25 | $86.5M | $227.2M | ||
| Q4 24 | $150.9M | $134.9M | ||
| Q3 24 | $146.0M | $141.8M | ||
| Q2 24 | $98.7M | $118.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 13.0% | ||
| Q3 25 | 9.4% | 18.9% | ||
| Q2 25 | 7.8% | 8.1% | ||
| Q1 25 | 8.7% | 24.6% | ||
| Q4 24 | 14.5% | 19.9% | ||
| Q3 24 | 15.2% | 22.3% | ||
| Q2 24 | 10.2% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 0.5% | ||
| Q3 25 | 14.5% | 1.7% | ||
| Q2 25 | 12.0% | 1.3% | ||
| Q1 25 | 17.1% | 1.1% | ||
| Q4 24 | 10.7% | 1.3% | ||
| Q3 24 | 8.9% | 1.9% | ||
| Q2 24 | 11.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 0.94× | ||
| Q3 25 | 0.17× | 1.27× | ||
| Q2 25 | 1.35× | 0.52× | ||
| Q1 25 | 2.30× | 1.51× | ||
| Q4 24 | 1.54× | 1.25× | ||
| Q3 24 | 1.76× | 1.33× | ||
| Q2 24 | 1.52× | 0.99× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
