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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
BOYD GAMING CORP is the larger business by last-quarter revenue ($997.4M vs $718.6M, roughly 1.4× VinFast Auto Ltd.). BOYD GAMING CORP runs the higher net margin — 10.5% vs -2.8%, a 13.2% gap on every dollar of revenue.
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
BYD vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $718.6M |
| Net Profit | $104.3M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 16.4% | -96.1% |
| Net Margin | 10.5% | -2.8% |
| Revenue YoY | 0.6% | — |
| Net Profit YoY | -5.9% | — |
| EPS (diluted) | $1.37 | — |
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 | $718.6M | ||
| Q2 25 | $1.0B | $663.0M | ||
| Q1 25 | $991.6M | $656.5M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $961.2M | $511.6M | ||
| Q2 24 | $967.5M | — |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | — | ||
| Q3 25 | $1.4B | $-20.0M | ||
| Q2 25 | $151.5M | $-51.8M | ||
| Q1 25 | $111.4M | $-26.1M | ||
| Q4 24 | $170.5M | — | ||
| Q3 24 | $131.1M | $-10.4M | ||
| Q2 24 | $139.8M | — |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 13.9% | -96.1% | ||
| Q2 25 | 23.4% | -79.0% | ||
| Q1 25 | 20.2% | -74.0% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 22.9% | -65.9% | ||
| Q2 24 | 23.5% | — |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 143.4% | -2.8% | ||
| Q2 25 | 14.6% | -7.8% | ||
| Q1 25 | 11.2% | -4.0% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 13.6% | -2.0% | ||
| Q2 24 | 14.5% | — |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | — | ||
| Q3 25 | $17.81 | — | ||
| Q2 25 | $1.84 | — | ||
| Q1 25 | $1.31 | — | ||
| Q4 24 | $1.89 | — | ||
| Q3 24 | $1.43 | — | ||
| Q2 24 | $1.47 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | — | ||
| Q3 25 | $319.1M | $8.8M | ||
| Q2 25 | $320.1M | $650.0M | ||
| Q1 25 | $311.5M | $2.4M | ||
| Q4 24 | $316.7M | — | ||
| Q3 24 | $286.3M | $1.9M | ||
| Q2 24 | $280.8M | — |
| 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 | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $1.4B | $-7.2B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.5B | $183.2M | ||
| Q2 25 | $6.6B | $7.2B | ||
| Q1 25 | $6.5B | $158.2M | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.3B | $151.8M | ||
| Q2 24 | $6.3B | — |
| 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× | — |
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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
