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Boyd Gaming vs Bally's: BYD and BALY compared
Boyd Gaming is the larger company: $990M of revenue in its latest quarter (Q3 2026) against $792M for Bally's (Q2 2026). Bally's is growing faster (+20% against -1% a year earlier). Boyd Gaming is more profitable, with an operating margin of 19.7% against -4.3%.
Where the money goes: BYD and BALY
Boyd Gaming (BYD) · Q3 2026
Boyd Gaming, Q3 2026: revenue $990M (-1% year over year), operating margin 19.7%, net earnings $125M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
Bally's (BALY) · Q2 2026
Bally's, Q2 2026: revenue $792M (+20% year over year), operating margin -4.3%, net loss $164M, operating cash flow −$121M. The chart follows the revenue to costs, profit and cash.
| Boyd Gaming (BYD) | Bally's (BALY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $990M | $792M |
| Revenue growth, Y/Y | -1% | +20% |
| Operating margin | 19.7% | -4.3% |
| Net earnings | $125M | −$164M |
| Net margin | 12.6% | -20.7% |
| Operating cash flow | $203M | −$121M |
| Free cash flow | $43.7M | — |
| Market value | $5.6B | $750M |
| P/E | 11.9× | — |
| Analysts’ mean target | $87.44 | $9.67 |
Where the revenue comes from
Boyd Gaming
- Casino: $655M (66%)
- Online Reimbusements: $121M (12%)
- Food and Beverage: $73.7M (7%)
- Occupancy: $43.1M (4%)
Bally's
- Gaming: $608M (77%)
- Non-gaming: $184M (23%)
Questions
Which is bigger, Boyd Gaming or Bally's?
Boyd Gaming is the larger company: $990M of revenue in its latest quarter (Q3 2026) against $792M for Bally's (Q2 2026).
Is Boyd Gaming or Bally's growing faster?
Bally's is growing faster (+20% against -1% a year earlier).
Which is more profitable, Boyd Gaming or Bally's?
Boyd Gaming is more profitable, with an operating margin of 19.7% against -4.3%.
More: Boyd Gaming earnings · how Boyd Gaming makes money · Bally's earnings · how Bally's makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.