Boyd Gaming (BYD) vs Travel Leisure (TNL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Travel Leisure (TNL) has outperformed Boyd Gaming (BYD) over the past year, gaining 3.6% versus a loss of 16.3%. Over five years, TNL leads with a +15.0% price change compared with +5.5% for BYD. Boyd Gaming is the larger company by market cap ($5.09 billion vs $3.84 billion), about 1.3 times the size.
On valuation, Travel Leisure trades at a lower forward P/E (7.1x vs 9.0x for Boyd Gaming). Travel Leisure offers the higher dividend yield (3.71% vs 1.09%). Boyd Gaming converts more of its revenue into profit, with a net margin of 45.0% versus 5.7%.
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 | TNL |
|---|---|---|
| Share price | $70.00 | $62.61 |
| Market cap | $5.09B | $3.84B |
| 1-day change | +0.21% | -0.46% |
| YTD return | -17.88% | -10.82% |
| 1-year return | -16.27% | +3.59% |
| 5-year return | +5.50% | +14.99% |
| P/E ratio (TTM) | 3.06 | 17.11 |
| Forward P/E | 9.04 | 7.14 |
| EPS (TTM) | $22.91 | $3.66 |
| Dividend yield | 1.09% | 3.71% |
| Annual dividend | $0.76 | $2.32 |
| Revenue (latest FY) | $4.09B | $4.02B |
| Revenue growth (YoY) | +4.12% | +4.06% |
| Net income (latest FY) | $1.84B | $230.00M |
| Gross margin | — | 93.21% |
| Operating margin | 18.29% | 13.75% |
| Net margin | 45.05% | 5.72% |
| 52-week high | $91.41 | $81.00 |
| 52-week low | $65.00 | $58.07 |
| Distance from 52-week high | -23.42% | -22.70% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +37.14% | +45.62% |
| Average volume | 1.00M | 737.01K |
| Shares outstanding | 72.66M | 61.28M |
| Employees | 16,009 | 19,000 |
| 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
- TNL has outperformed BYD by 19.9 percentage points over the past year.
- Travel Leisure trades at a higher earnings multiple (17.1x vs 3.1x trailing P/E).
- Travel Leisure offers a meaningfully higher dividend yield (3.71% vs 1.09%).
- Boyd Gaming is more profitable, keeping 45.0 cents of every revenue dollar as net income versus 5.7 cents for Travel Leisure.
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 Travel Leisure
TNL stock →Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership.
Consumer Discretionary · Hotels/Resorts · 19,000 employees
BYD vs TNL FAQ
Which is bigger, Boyd Gaming or Travel Leisure?
Boyd Gaming (BYD) is larger, with a market capitalization of $5.09B compared with $3.84B for Travel Leisure (TNL).
Which stock has performed better over the past year, BYD or TNL?
TNL returned +3.59% over the past 12 months, compared with -16.27% for BYD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BYD or TNL?
BYD has the lower trailing P/E at 3.1, versus 17.1 for TNL. 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 Travel Leisure?
Travel Leisure has the higher yield at 3.71%, compared with 1.09% for Boyd Gaming.
Are Boyd Gaming and Travel Leisure in the same industry?
Yes. Both are classified in the Hotels/Resorts industry within the Consumer Discretionary sector.