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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and Soho House & Co Inc. (SHCO). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $370.8M, roughly 2.7× Soho House & Co Inc.). BOYD GAMING CORP runs the higher net margin — 10.5% vs -5.0%, a 15.5% gap on every dollar of revenue. On growth, Soho House & Co Inc. posted the faster year-over-year revenue change (11.2% vs 0.6%). Over the past eight quarters, Soho House & Co Inc.'s revenue compounded faster (13.5% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
BYD vs SHCO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $370.8M |
| Net Profit | $104.3M | $-18.7M |
| Gross Margin | — | — |
| Operating Margin | 16.4% | -1.6% |
| Net Margin | 10.5% | -5.0% |
| Revenue YoY | 0.6% | 11.2% |
| Net Profit YoY | -5.9% | -10790.3% |
| EPS (diluted) | $1.37 | $-0.10 |
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 | — | ||
| Q3 25 | $1.0B | $370.8M | ||
| Q2 25 | $1.0B | $329.8M | ||
| Q1 25 | $991.6M | $282.9M | ||
| Q4 24 | $1.0B | $305.6M | ||
| Q3 24 | $961.2M | $333.4M | ||
| Q2 24 | $967.5M | $302.9M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | — | ||
| Q3 25 | $1.4B | $-18.7M | ||
| Q2 25 | $151.5M | $24.9M | ||
| Q1 25 | $111.4M | $8.2M | ||
| Q4 24 | $170.5M | $-91.7M | ||
| Q3 24 | $131.1M | $175.0K | ||
| Q2 24 | $139.8M | $-29.9M |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 13.9% | -1.6% | ||
| Q2 25 | 23.4% | 18.1% | ||
| Q1 25 | 20.2% | 12.3% | ||
| Q4 24 | 25.1% | -23.1% | ||
| Q3 24 | 22.9% | 11.4% | ||
| Q2 24 | 23.5% | -4.3% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 143.4% | -5.0% | ||
| Q2 25 | 14.6% | 7.5% | ||
| Q1 25 | 11.2% | 2.9% | ||
| Q4 24 | 16.4% | -30.0% | ||
| Q3 24 | 13.6% | 0.1% | ||
| Q2 24 | 14.5% | -9.9% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | — | ||
| Q3 25 | $17.81 | $-0.10 | ||
| Q2 25 | $1.84 | $0.13 | ||
| Q1 25 | $1.31 | $0.04 | ||
| Q4 24 | $1.89 | $-0.48 | ||
| Q3 24 | $1.43 | $0.00 | ||
| Q2 24 | $1.47 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $142.5M |
| Total DebtLower is stronger | — | $735.8M |
| Stockholders' EquityBook value | — | $-351.6M |
| Total Assets | — | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | — | ||
| Q3 25 | $319.1M | $142.5M | ||
| Q2 25 | $320.1M | $150.3M | ||
| Q1 25 | $311.5M | $150.1M | ||
| Q4 24 | $316.7M | $152.7M | ||
| Q3 24 | $286.3M | $142.8M | ||
| Q2 24 | $280.8M | $148.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $735.8M | ||
| Q2 25 | $3.6B | $729.8M | ||
| Q1 25 | $3.5B | $705.1M | ||
| Q4 24 | $3.2B | $691.5M | ||
| Q3 24 | $3.1B | $694.8M | ||
| Q2 24 | $3.0B | $682.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.7B | $-351.6M | ||
| Q2 25 | $1.4B | $-348.6M | ||
| Q1 25 | $1.3B | $-340.1M | ||
| Q4 24 | $1.6B | $-335.1M | ||
| Q3 24 | $1.6B | $-279.4M | ||
| Q2 24 | $1.7B | $-231.7M |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.5B | $2.7B | ||
| Q2 25 | $6.6B | $2.6B | ||
| Q1 25 | $6.5B | $2.5B | ||
| Q4 24 | $6.4B | $2.4B | ||
| Q3 24 | $6.3B | $2.6B | ||
| 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 | — | $34.9M |
| Free Cash FlowOCF − Capex | — | $3.5M |
| FCF MarginFCF / Revenue | — | 0.9% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | — | ||
| Q3 25 | $240.0M | $34.9M | ||
| Q2 25 | $205.0M | $41.0M | ||
| Q1 25 | $256.4M | $22.8M | ||
| Q4 24 | $262.1M | $26.9M | ||
| Q3 24 | $231.2M | $20.6M | ||
| Q2 24 | $213.1M | $36.0M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | — | ||
| Q3 25 | $94.4M | $3.5M | ||
| Q2 25 | $80.6M | $12.4M | ||
| Q1 25 | $86.5M | $7.5M | ||
| Q4 24 | $150.9M | $18.5M | ||
| Q3 24 | $146.0M | $10.3M | ||
| Q2 24 | $98.7M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | — | ||
| Q3 25 | 9.4% | 0.9% | ||
| Q2 25 | 7.8% | 3.8% | ||
| Q1 25 | 8.7% | 2.7% | ||
| Q4 24 | 14.5% | 6.1% | ||
| Q3 24 | 15.2% | 3.1% | ||
| Q2 24 | 10.2% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | — | ||
| Q3 25 | 14.5% | 8.5% | ||
| Q2 25 | 12.0% | 8.7% | ||
| Q1 25 | 17.1% | 5.4% | ||
| Q4 24 | 10.7% | 2.7% | ||
| Q3 24 | 8.9% | 3.1% | ||
| Q2 24 | 11.8% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 1.35× | 1.65× | ||
| Q1 25 | 2.30× | 2.79× | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | 117.70× | ||
| Q2 24 | 1.52× | — |
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% |
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
