Boyd Gaming (BYD) vs MGM Resorts International (MGM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MGM Resorts International (MGM) has outperformed Boyd Gaming (BYD) over the past year, losing 9.4% versus a loss of 16.4%. Over five years, BYD leads with a +5.3% price change compared with -37.4% for MGM. MGM Resorts International is the larger company by market cap ($7.66 billion vs $5.08 billion), about 1.5 times the size, while Boyd Gaming is growing revenue faster (+4.1% vs +1.7%).
On valuation, Boyd Gaming trades at a lower forward P/E (9.0x vs 15.2x for MGM Resorts International). Boyd Gaming pays a dividend yielding 1.09%, while MGM Resorts International does not currently pay one. Boyd Gaming converts more of its revenue into profit, with a net margin of 45.0% versus 1.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BYD | MGM |
|---|---|---|
| Share price | $69.89 | $29.93 |
| Market cap | $5.08B | $7.66B |
| 1-day change | +0.06% | -0.25% |
| YTD return | -18.05% | -17.79% |
| 1-year return | -16.42% | -9.42% |
| 5-year return | +5.28% | -37.43% |
| P/E ratio (TTM) | 3.05 | 18.47 |
| Forward P/E | 9.03 | 15.15 |
| EPS (TTM) | $22.91 | $1.62 |
| Dividend yield | 1.09% | 0.00% |
| Annual dividend | $0.76 | $0.00 |
| Revenue (latest FY) | $4.09B | $17.54B |
| Revenue growth (YoY) | +4.12% | +1.72% |
| Net income (latest FY) | $1.84B | $205.86M |
| Operating margin | 18.29% | 5.71% |
| Net margin | 45.05% | 1.17% |
| 52-week high | $91.41 | $51.59 |
| 52-week low | $65.00 | $29.19 |
| Distance from 52-week high | -23.54% | -41.99% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +37.36% | +64.85% |
| Average volume | 1.00M | 3.18M |
| Shares outstanding | 72.66M | 255.85M |
| Employees | 16,009 | 60,000 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Hotels/Resorts | Hotels/Resorts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MGM Resorts International trades at a higher earnings multiple (18.5x vs 3.1x trailing P/E).
- Boyd Gaming offers a meaningfully higher dividend yield (1.09% vs 0.00%).
- Boyd Gaming is more profitable, keeping 45.0 cents of every revenue dollar as net income versus 1.2 cents for MGM Resorts International.
About Boyd Gaming
BYD stock →Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.
Consumer Discretionary · Hotels/Resorts · 16,009 employees
About MGM Resorts International
MGM stock →MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital.
Consumer Discretionary · Hotels/Resorts · 60,000 employees
BYD vs MGM FAQ
Which is bigger, Boyd Gaming or MGM Resorts International?
MGM Resorts International (MGM) is larger, with a market capitalization of $7.66B compared with $5.08B for Boyd Gaming (BYD).
Which stock has performed better over the past year, BYD or MGM?
MGM returned -9.42% over the past 12 months, compared with -16.42% for BYD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BYD or MGM?
BYD has the lower trailing P/E at 3.1, versus 18.5 for MGM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Boyd Gaming or MGM Resorts International?
Boyd Gaming pays a dividend yielding 1.09%, while MGM Resorts International does not currently pay a regular dividend.
Are Boyd Gaming and MGM Resorts International in the same industry?
Yes. Both are classified in the Hotels/Resorts industry within the Consumer Discretionary sector.