vs
BOYD GAMING CORP（BYD）与永利度假村有限公司（RRR）财务数据对比。点击上方公司名可切换其他公司
BOYD GAMING CORP的季度营收约是永利度假村有限公司的1.9倍（$997.4M vs $511.8M）。BOYD GAMING CORP净利率更高（10.5% vs 8.7%，领先1.7%）。永利度假村有限公司同比增速更快（3.2% vs 0.6%）。过去两年永利度假村有限公司的营收复合增速更高（2.3% vs 1.5%）
博伊德博彩集团是总部位于美国内华达州帕拉代斯的知名博彩及酒店服务运营商，核心业务涵盖赌场运营、休闲度假配套服务等板块，为全球游客提供优质的综合娱乐体验。
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
BYD vs RRR — 直观对比
营收规模更大
BYD
是对方的1.9倍
$511.8M
营收增速更快
RRR
高出2.7%
0.6%
净利率更高
BYD
高出1.7%
8.7%
两年增速更快
RRR
近两年复合增速
1.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $997.4M | $511.8M |
| 净利润 | $104.3M | $44.7M |
| 毛利率 | — | — |
| 营业利润率 | 16.4% | 28.1% |
| 净利率 | 10.5% | 8.7% |
| 营收同比 | 0.6% | 3.2% |
| 净利润同比 | -5.9% | -4.1% |
| 每股收益（稀释后） | $1.37 | $0.74 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BYDRRR
| Q1 26 | $997.4M | — | ||
| Q4 25 | $1.1B | $511.8M | ||
| Q3 25 | $1.0B | $475.6M | ||
| Q2 25 | $1.0B | $526.3M | ||
| Q1 25 | $991.6M | $497.9M | ||
| Q4 24 | $1.0B | $495.7M | ||
| Q3 24 | $961.2M | $468.0M | ||
| Q2 24 | $967.5M | $486.4M |
净利润BYDRRR
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $44.7M | ||
| Q3 25 | $1.4B | $42.3M | ||
| Q2 25 | $151.5M | $56.4M | ||
| Q1 25 | $111.4M | $44.7M | ||
| Q4 24 | $170.5M | $46.6M | ||
| Q3 24 | $131.1M | $29.0M | ||
| Q2 24 | $139.8M | $35.7M |
营业利润率BYDRRR
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 28.1% | ||
| Q3 25 | 13.9% | 27.6% | ||
| Q2 25 | 23.4% | 31.9% | ||
| Q1 25 | 20.2% | 31.0% | ||
| Q4 24 | 25.1% | 28.7% | ||
| Q3 24 | 22.9% | 27.9% | ||
| Q2 24 | 23.5% | 28.8% |
净利率BYDRRR
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 8.7% | ||
| Q3 25 | 143.4% | 8.9% | ||
| Q2 25 | 14.6% | 10.7% | ||
| Q1 25 | 11.2% | 9.0% | ||
| Q4 24 | 16.4% | 9.4% | ||
| Q3 24 | 13.6% | 6.2% | ||
| Q2 24 | 14.5% | 7.3% |
每股收益（稀释后）BYDRRR
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.74 | ||
| Q3 25 | $17.81 | $0.68 | ||
| Q2 25 | $1.84 | $0.95 | ||
| Q1 25 | $1.31 | $0.75 | ||
| Q4 24 | $1.89 | $0.78 | ||
| Q3 24 | $1.43 | $0.48 | ||
| Q2 24 | $1.47 | $0.59 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $142.5M |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | — | $208.3M |
| 总资产 | — | $4.2B |
| 负债/权益比越低杠杆越低 | — | 16.30× |
8季度趋势，按日历期对齐
现金及短期投资BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $142.5M | ||
| Q3 25 | $319.1M | $129.8M | ||
| Q2 25 | $320.1M | $145.2M | ||
| Q1 25 | $311.5M | $150.6M | ||
| Q4 24 | $316.7M | $164.4M | ||
| Q3 24 | $286.3M | $117.5M | ||
| Q2 24 | $280.8M | $136.4M |
总债务BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.2B | $3.4B | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
股东权益BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $208.3M | ||
| Q3 25 | $2.7B | $219.6M | ||
| Q2 25 | $1.4B | $203.4M | ||
| Q1 25 | $1.3B | $247.1M | ||
| Q4 24 | $1.6B | $215.1M | ||
| Q3 24 | $1.6B | $175.5M | ||
| Q2 24 | $1.7B | $159.0M |
总资产BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $4.2B | ||
| Q3 25 | $6.5B | $4.1B | ||
| Q2 25 | $6.6B | $4.0B | ||
| Q1 25 | $6.5B | $4.1B | ||
| Q4 24 | $6.4B | $4.0B | ||
| Q3 24 | $6.3B | $4.0B | ||
| Q2 24 | $6.3B | $4.0B |
负债/权益比BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | — | 16.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.01× | 15.84× | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.73× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $156.6M |
| 自由现金流经营现金流 - 资本支出 | — | $77.7M |
| 自由现金流率自由现金流/营收 | — | 15.2% |
| 资本支出强度资本支出/营收 | — | 15.4% |
| 现金转化率经营现金流/净利润 | — | 3.51× |
| 过去12个月自由现金流最近4个季度 | — | $290.5M |
8季度趋势，按日历期对齐
经营现金流BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $156.6M | ||
| Q3 25 | $240.0M | $168.3M | ||
| Q2 25 | $205.0M | $158.4M | ||
| Q1 25 | $256.4M | $126.2M | ||
| Q4 24 | $262.1M | $148.2M | ||
| Q3 24 | $231.2M | $131.0M | ||
| Q2 24 | $213.1M | $142.5M |
自由现金流BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $77.7M | ||
| Q3 25 | $94.4M | $74.6M | ||
| Q2 25 | $80.6M | $80.3M | ||
| Q1 25 | $86.5M | $58.0M | ||
| Q4 24 | $150.9M | $121.4M | ||
| Q3 24 | $146.0M | $50.7M | ||
| Q2 24 | $98.7M | $64.0M |
自由现金流率BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 15.2% | ||
| Q3 25 | 9.4% | 15.7% | ||
| Q2 25 | 7.8% | 15.3% | ||
| Q1 25 | 8.7% | 11.6% | ||
| Q4 24 | 14.5% | 24.5% | ||
| Q3 24 | 15.2% | 10.8% | ||
| Q2 24 | 10.2% | 13.1% |
资本支出强度BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 15.4% | ||
| Q3 25 | 14.5% | 19.7% | ||
| Q2 25 | 12.0% | 14.9% | ||
| Q1 25 | 17.1% | 13.7% | ||
| Q4 24 | 10.7% | 5.4% | ||
| Q3 24 | 8.9% | 17.2% | ||
| Q2 24 | 11.8% | 16.2% |
现金转化率BYDRRR
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 3.51× | ||
| Q3 25 | 0.17× | 3.98× | ||
| Q2 25 | 1.35× | 2.81× | ||
| Q1 25 | 2.30× | 2.82× | ||
| Q4 24 | 1.54× | 3.18× | ||
| Q3 24 | 1.76× | 4.53× | ||
| Q2 24 | 1.52× | 4.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
RRR
| Casino | $343.0M | 67% |
| Food And Beverage | $93.3M | 18% |
| Occupancy | $47.2M | 9% |
| Hotel Other | $24.6M | 5% |
