vs
Side-by-side financial comparison of BOYD GAMING CORP (BYD) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $997.4M, roughly 1.3× BOYD GAMING CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 10.5%, a 2.2% gap on every dollar of revenue. On growth, BOYD GAMING CORP posted the faster year-over-year revenue change (0.6% vs -0.6%). Over the past eight quarters, BOYD GAMING CORP's revenue compounded faster (1.5% CAGR vs -4.3%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Open Text Corporation is a global software company that develops and sells information management software.
BYD vs OTEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.3B |
| Net Profit | $104.3M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 16.4% | 22.0% |
| Net Margin | 10.5% | 12.7% |
| Revenue YoY | 0.6% | -0.6% |
| Net Profit YoY | -5.9% | -26.9% |
| EPS (diluted) | $1.37 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $991.6M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $961.2M | $1.3B | ||
| Q2 24 | $967.5M | $1.4B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $168.1M | ||
| Q3 25 | $1.4B | $146.6M | ||
| Q2 25 | $151.5M | $28.8M | ||
| Q1 25 | $111.4M | $92.8M | ||
| Q4 24 | $170.5M | $229.9M | ||
| Q3 24 | $131.1M | $84.4M | ||
| Q2 24 | $139.8M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 22.0% | ||
| Q3 25 | 13.9% | 21.0% | ||
| Q2 25 | 23.4% | 13.9% | ||
| Q1 25 | 20.2% | 16.7% | ||
| Q4 24 | 25.1% | 22.2% | ||
| Q3 24 | 22.9% | 16.3% | ||
| Q2 24 | 23.5% | 14.2% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 12.7% | ||
| Q3 25 | 143.4% | 11.4% | ||
| Q2 25 | 14.6% | 2.2% | ||
| Q1 25 | 11.2% | 7.4% | ||
| Q4 24 | 16.4% | 17.2% | ||
| Q3 24 | 13.6% | 6.6% | ||
| Q2 24 | 14.5% | 18.2% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.66 | ||
| Q3 25 | $17.81 | $0.58 | ||
| Q2 25 | $1.84 | $0.11 | ||
| Q1 25 | $1.31 | $0.35 | ||
| Q4 24 | $1.89 | $0.87 | ||
| Q3 24 | $1.43 | $0.32 | ||
| Q2 24 | $1.47 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | — | $4.0B |
| Total Assets | — | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $1.3B | ||
| Q3 25 | $319.1M | $1.1B | ||
| Q2 25 | $320.1M | $1.2B | ||
| Q1 25 | $311.5M | $1.3B | ||
| Q4 24 | $316.7M | $1.1B | ||
| Q3 24 | $286.3M | $1.0B | ||
| Q2 24 | $280.8M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | $3.6B | $6.4B | ||
| Q1 25 | $3.5B | $6.4B | ||
| Q4 24 | $3.2B | $6.4B | ||
| Q3 24 | $3.1B | $6.4B | ||
| Q2 24 | $3.0B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.0B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $1.4B | $3.9B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.6B | $4.2B | ||
| Q3 24 | $1.6B | $4.1B | ||
| Q2 24 | $1.7B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $13.6B | ||
| Q3 25 | $6.5B | $13.5B | ||
| Q2 25 | $6.6B | $13.8B | ||
| Q1 25 | $6.5B | $13.8B | ||
| Q4 24 | $6.4B | $13.7B | ||
| Q3 24 | $6.3B | $13.8B | ||
| Q2 24 | $6.3B | $14.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | 2.56× | 1.62× | ||
| Q1 25 | 2.61× | 1.55× | ||
| Q4 24 | 2.01× | 1.51× | ||
| Q3 24 | 1.88× | 1.55× | ||
| Q2 24 | 1.73× | 1.52× |
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 | — | $318.7M |
| Free Cash FlowOCF − Capex | — | $279.4M |
| FCF MarginFCF / Revenue | — | 21.1% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $318.7M | ||
| Q3 25 | $240.0M | $147.8M | ||
| Q2 25 | $205.0M | $158.2M | ||
| Q1 25 | $256.4M | $402.2M | ||
| Q4 24 | $262.1M | $348.0M | ||
| Q3 24 | $231.2M | $-77.8M | ||
| Q2 24 | $213.1M | $185.2M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $279.4M | ||
| Q3 25 | $94.4M | $101.2M | ||
| Q2 25 | $80.6M | $124.0M | ||
| Q1 25 | $86.5M | $373.8M | ||
| Q4 24 | $150.9M | $306.7M | ||
| Q3 24 | $146.0M | $-117.1M | ||
| Q2 24 | $98.7M | $145.2M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 21.1% | ||
| Q3 25 | 9.4% | 7.9% | ||
| Q2 25 | 7.8% | 9.5% | ||
| Q1 25 | 8.7% | 29.8% | ||
| Q4 24 | 14.5% | 23.0% | ||
| Q3 24 | 15.2% | -9.2% | ||
| Q2 24 | 10.2% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 3.0% | ||
| Q3 25 | 14.5% | 3.6% | ||
| Q2 25 | 12.0% | 2.6% | ||
| Q1 25 | 17.1% | 2.3% | ||
| Q4 24 | 10.7% | 3.1% | ||
| Q3 24 | 8.9% | 3.1% | ||
| Q2 24 | 11.8% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 1.90× | ||
| Q3 25 | 0.17× | 1.01× | ||
| Q2 25 | 1.35× | 5.49× | ||
| Q1 25 | 2.30× | 4.33× | ||
| Q4 24 | 1.54× | 1.51× | ||
| Q3 24 | 1.76× | -0.92× | ||
| Q2 24 | 1.52× | 0.75× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
