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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Privia Health Group, Inc. (PRVA). Click either name above to swap in a different company.

BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $603.8M, roughly 1.7× Privia Health Group, Inc.). BOYD GAMING CORP runs the higher net margin — 10.5% vs 0.6%, a 9.8% gap on every dollar of revenue. On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (25.8% vs 0.6%). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (19.6% CAGR vs 1.5%).

Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

BYD vs PRVA — Head-to-Head

Bigger by revenue
BYD
BYD
1.7× larger
BYD
$997.4M
$603.8M
PRVA
Growing faster (revenue YoY)
PRVA
PRVA
+25.2% gap
PRVA
25.8%
0.6%
BYD
Higher net margin
BYD
BYD
9.8% more per $
BYD
10.5%
0.6%
PRVA
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
19.6%
1.5%
BYD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BYD
BYD
PRVA
PRVA
Revenue
$997.4M
$603.8M
Net Profit
$104.3M
$3.7M
Gross Margin
20.8%
Operating Margin
16.4%
1.2%
Net Margin
10.5%
0.6%
Revenue YoY
0.6%
25.8%
Net Profit YoY
-5.9%
-27.4%
EPS (diluted)
$1.37
$0.02

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.

Revenue
BYD
BYD
PRVA
PRVA
Q1 26
$997.4M
$603.8M
Q4 25
$1.1B
$541.2M
Q3 25
$1.0B
$580.4M
Q2 25
$1.0B
$521.2M
Q1 25
$991.6M
$480.1M
Q4 24
$1.0B
$460.9M
Q3 24
$961.2M
$437.9M
Q2 24
$967.5M
$422.3M
Net Profit
BYD
BYD
PRVA
PRVA
Q1 26
$104.3M
$3.7M
Q4 25
$140.4M
$9.2M
Q3 25
$1.4B
$6.9M
Q2 25
$151.5M
$2.7M
Q1 25
$111.4M
$4.2M
Q4 24
$170.5M
$4.4M
Q3 24
$131.1M
$3.5M
Q2 24
$139.8M
$3.5M
Gross Margin
BYD
BYD
PRVA
PRVA
Q1 26
20.8%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
BYD
BYD
PRVA
PRVA
Q1 26
16.4%
1.2%
Q4 25
15.7%
2.1%
Q3 25
13.9%
2.5%
Q2 25
23.4%
0.6%
Q1 25
20.2%
1.1%
Q4 24
25.1%
1.1%
Q3 24
22.9%
1.3%
Q2 24
23.5%
1.2%
Net Margin
BYD
BYD
PRVA
PRVA
Q1 26
10.5%
0.6%
Q4 25
13.2%
1.7%
Q3 25
143.4%
1.2%
Q2 25
14.6%
0.5%
Q1 25
11.2%
0.9%
Q4 24
16.4%
1.0%
Q3 24
13.6%
0.8%
Q2 24
14.5%
0.8%
EPS (diluted)
BYD
BYD
PRVA
PRVA
Q1 26
$1.37
$0.02
Q4 25
$1.60
$0.08
Q3 25
$17.81
$0.05
Q2 25
$1.84
$0.02
Q1 25
$1.31
$0.03
Q4 24
$1.89
$0.03
Q3 24
$1.43
$0.03
Q2 24
$1.47
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BYD
BYD
PRVA
PRVA
Cash + ST InvestmentsLiquidity on hand
$419.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$805.9M
Total Assets
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYD
BYD
PRVA
PRVA
Q1 26
$419.5M
Q4 25
$353.4M
$479.7M
Q3 25
$319.1M
$441.4M
Q2 25
$320.1M
$390.1M
Q1 25
$311.5M
$469.3M
Q4 24
$316.7M
$491.1M
Q3 24
$286.3M
$422.0M
Q2 24
$280.8M
$387.4M
Total Debt
BYD
BYD
PRVA
PRVA
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
Stockholders' Equity
BYD
BYD
PRVA
PRVA
Q1 26
$805.9M
Q4 25
$2.6B
$737.2M
Q3 25
$2.7B
$709.1M
Q2 25
$1.4B
$682.9M
Q1 25
$1.3B
$659.4M
Q4 24
$1.6B
$635.2M
Q3 24
$1.6B
$614.9M
Q2 24
$1.7B
$595.4M
Total Assets
BYD
BYD
PRVA
PRVA
Q1 26
$1.4B
Q4 25
$6.6B
$1.4B
Q3 25
$6.5B
$1.4B
Q2 25
$6.6B
$1.3B
Q1 25
$6.5B
$1.2B
Q4 24
$6.4B
$1.1B
Q3 24
$6.3B
$1.1B
Q2 24
$6.3B
$1.1B
Debt / Equity
BYD
BYD
PRVA
PRVA
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
BYD
BYD
PRVA
PRVA
Operating Cash FlowLast quarter
$-49.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-13.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYD
BYD
PRVA
PRVA
Q1 26
$-49.5M
Q4 25
$275.3M
$127.5M
Q3 25
$240.0M
$52.0M
Q2 25
$205.0M
$8.0M
Q1 25
$256.4M
$-24.1M
Q4 24
$262.1M
$74.8M
Q3 24
$231.2M
$33.2M
Q2 24
$213.1M
$34.5M
Free Cash Flow
BYD
BYD
PRVA
PRVA
Q1 26
Q4 25
$127.0M
Q3 25
$94.4M
Q2 25
$80.6M
Q1 25
$86.5M
Q4 24
$150.9M
Q3 24
$146.0M
Q2 24
$98.7M
FCF Margin
BYD
BYD
PRVA
PRVA
Q1 26
Q4 25
12.0%
Q3 25
9.4%
Q2 25
7.8%
Q1 25
8.7%
Q4 24
14.5%
Q3 24
15.2%
Q2 24
10.2%
Capex Intensity
BYD
BYD
PRVA
PRVA
Q1 26
Q4 25
14.0%
Q3 25
14.5%
Q2 25
12.0%
Q1 25
17.1%
Q4 24
10.7%
Q3 24
8.9%
Q2 24
11.8%
Cash Conversion
BYD
BYD
PRVA
PRVA
Q1 26
-13.33×
Q4 25
1.96×
13.93×
Q3 25
0.17×
7.58×
Q2 25
1.35×
2.97×
Q1 25
2.30×
-5.70×
Q4 24
1.54×
17.00×
Q3 24
1.76×
9.38×
Q2 24
1.52×
9.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BYD
BYD

Gaming$650.5M65%
Online reimbursements$135.4M14%
Food & beverage$75.8M8%
Other$63.5M6%
Room$45.9M5%
Management fee$26.2M3%

PRVA
PRVA

FFS-patient care$391.1M65%
Capitated revenue$86.1M14%
Other$75.0M12%
FFS-administrative services$31.4M5%
Care management fees (PMPM)$17.9M3%
Other revenue$2.3M0%

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