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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $809.5M, roughly 1.2× Construction Partners, Inc.). BOYD GAMING CORP runs the higher net margin — 10.5% vs 2.1%, a 8.3% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 0.6%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
BYD vs ROAD — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $809.5M |
| Net Profit | $104.3M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 16.4% | 6.2% |
| Net Margin | 10.5% | 2.1% |
| Revenue YoY | 0.6% | 44.1% |
| Net Profit YoY | -5.9% | 663.9% |
| EPS (diluted) | $1.37 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $1.0B | $899.8M | ||
| Q2 25 | $1.0B | $779.3M | ||
| Q1 25 | $991.6M | $571.6M | ||
| Q4 24 | $1.0B | $561.6M | ||
| Q3 24 | $961.2M | $538.2M | ||
| Q2 24 | $967.5M | $517.8M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $17.2M | ||
| Q3 25 | $1.4B | $56.6M | ||
| Q2 25 | $151.5M | $44.0M | ||
| Q1 25 | $111.4M | $4.2M | ||
| Q4 24 | $170.5M | $-3.1M | ||
| Q3 24 | $131.1M | $29.3M | ||
| Q2 24 | $139.8M | $30.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 6.2% | ||
| Q3 25 | 13.9% | 11.2% | ||
| Q2 25 | 23.4% | 10.6% | ||
| Q1 25 | 20.2% | 4.8% | ||
| Q4 24 | 25.1% | 2.5% | ||
| Q3 24 | 22.9% | 8.5% | ||
| Q2 24 | 23.5% | 8.8% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 2.1% | ||
| Q3 25 | 143.4% | 6.3% | ||
| Q2 25 | 14.6% | 5.7% | ||
| Q1 25 | 11.2% | 0.7% | ||
| Q4 24 | 16.4% | -0.5% | ||
| Q3 24 | 13.6% | 5.4% | ||
| Q2 24 | 14.5% | 6.0% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.31 | ||
| Q3 25 | $17.81 | $1.03 | ||
| Q2 25 | $1.84 | $0.79 | ||
| Q1 25 | $1.31 | $0.08 | ||
| Q4 24 | $1.89 | $-0.06 | ||
| Q3 24 | $1.43 | $0.55 | ||
| Q2 24 | $1.47 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $969.1M |
| Total Assets | — | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $104.1M | ||
| Q3 25 | $319.1M | $156.1M | ||
| Q2 25 | $320.1M | $114.3M | ||
| Q1 25 | $311.5M | $101.9M | ||
| Q4 24 | $316.7M | $132.5M | ||
| Q3 24 | $286.3M | $74.7M | ||
| Q2 24 | $280.8M | $56.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | $515.0M | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $969.1M | ||
| Q3 25 | $2.7B | $912.0M | ||
| Q2 25 | $1.4B | $853.3M | ||
| Q1 25 | $1.3B | $807.9M | ||
| Q4 24 | $1.6B | $811.1M | ||
| Q3 24 | $1.6B | $573.7M | ||
| Q2 24 | $1.7B | $552.9M |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $3.4B | ||
| Q3 25 | $6.5B | $3.2B | ||
| Q2 25 | $6.6B | $2.9B | ||
| Q1 25 | $6.5B | $2.8B | ||
| Q4 24 | $6.4B | $2.6B | ||
| Q3 24 | $6.3B | $1.5B | ||
| Q2 24 | $6.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 1.88× | 0.90× | ||
| 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 | — | $82.6M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $82.6M | ||
| Q3 25 | $240.0M | $112.0M | ||
| Q2 25 | $205.0M | $83.0M | ||
| Q1 25 | $256.4M | $55.6M | ||
| Q4 24 | $262.1M | $40.7M | ||
| Q3 24 | $231.2M | $95.9M | ||
| Q2 24 | $213.1M | $34.6M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $47.1M | ||
| Q3 25 | $94.4M | $78.9M | ||
| Q2 25 | $80.6M | $46.4M | ||
| Q1 25 | $86.5M | $14.2M | ||
| Q4 24 | $150.9M | $13.8M | ||
| Q3 24 | $146.0M | $78.4M | ||
| Q2 24 | $98.7M | $19.7M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 5.8% | ||
| Q3 25 | 9.4% | 8.8% | ||
| Q2 25 | 7.8% | 5.9% | ||
| Q1 25 | 8.7% | 2.5% | ||
| Q4 24 | 14.5% | 2.5% | ||
| Q3 24 | 15.2% | 14.6% | ||
| Q2 24 | 10.2% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 4.4% | ||
| Q3 25 | 14.5% | 3.7% | ||
| Q2 25 | 12.0% | 4.7% | ||
| Q1 25 | 17.1% | 7.2% | ||
| Q4 24 | 10.7% | 4.8% | ||
| Q3 24 | 8.9% | 3.3% | ||
| Q2 24 | 11.8% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 4.80× | ||
| Q3 25 | 0.17× | 1.98× | ||
| Q2 25 | 1.35× | 1.88× | ||
| Q1 25 | 2.30× | 13.20× | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | 3.27× | ||
| Q2 24 | 1.52× | 1.12× |
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% |
ROAD
Segment breakdown not available.
