Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Boyd GamingSTU:BO5 -0.68%87 Operating Margin % is 19.40% as of Jun. 2026, which is 9% above its 10-year median of 17.87. GuruFocus rates STU:BO5 with a GF Score™ of 87/100 and a GF Value™ of €79.30 (Fairly Valued). The stock has 4 warning signs investors should review. Among 842 Travel & Leisure companies, Boyd Gaming ranks better than 77.67% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Boyd Gaming's Operating Income for the
three
months ended in Jun. 2026 was €174 Mil. Boyd Gaming's Revenue for the
three
months ended in Jun. 2026 was €898 Mil. Therefore, Boyd Gaming's Operating Margin % for the quarter that ended in Jun. 2026 was 19.40%.
Good Sign:
Boyd Gaming Corp operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Boyd Gaming's Operating Margin % or its related term are showing as below:
STU:BO5'
s Operating Margin % Range Over the Past 10 Years
Min: 8.67 Med: 17.87 Max: 28.75
Current: 18.72
STU:BO5's Operating Margin % is ranked better than 77.67% of 842
companies
in the Travel & Leisure industry
Industry Median: 8.075
vs STU:BO5: 18.72
Boyd Gaming's 5-Year Average Operating Margin % Growth Rate was 12.40% per year.
Boyd Gaming's Operating Income for the
three
months ended in Jun. 2026 was €174 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €659 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Boyd Gaming Operating Margin % Related Terms
Boyd Gaming Operating Margin % Historical Data
* Premium members only.
The historical data trend for Boyd Gaming's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:BO5 vs CZR, MTN, HGV: Operating Margin % Comparison
For the Resorts & Casinos subindustry, Boyd Gaming's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Boyd Gaming Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Boyd Gaming's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Boyd Gaming's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Boyd Gaming (STU:BO5) has a Operating Margin % of 19.40% as of Jun. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Boyd Gaming and its competitors. This is near median its historical median of 17.87. Over the past decade, Boyd Gaming's Operating Margin % has ranged from 8.67 to 28.75. According to the industry distribution chart, Boyd Gaming ranks #188 out of 842 companies in the Travel & Leisure industry, placing it in the top 22.3%.
Is Boyd Gaming's Operating Margin % too high?
Boyd Gaming's current Operating Margin % of 19.40% is near median its 10-year median of 17.87. Over the past 10 years, this metric has ranged from a low of 8.67 to a high of 28.75. The Travel & Leisure industry median Operating Margin % is 8.08. Boyd Gaming's value of 19.40% is 140.2% above this industry median. Based on the distribution chart, Boyd Gaming ranks #188 out of 842 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Operating Margin % compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #188 out of 842 companies for Operating Margin %. This places Boyd Gaming in the top 22% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.08. Boyd Gaming's value of 19.40% is 140.2% above this benchmark. Historically, Boyd Gaming's own Operating Margin % has ranged from 8.67 to 28.75 over the past decade. While the company's 10-year median is 17.87 vs. the industry median of 8.08, Boyd Gaming has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.08, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boyd Gaming's current Operating Margin % of 19.40% is 140.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Operating Margin % is 19.40%, which is near median its own 10-year median of 17.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (STU:BO5) is currently considered Fairly Valued. The stock's GF Value™ is €79.30, compared to a current price of €73.00 — trading 7.9% below its estimated fair value. The current Operating Margin % is 19.40%, which is near median its 10-year median of 17.87 and 140.2% above the Travel & Leisure industry median of 8.08. Boyd Gaming's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Boyd Gaming (STU:BO5), the current Operating Margin % is 19.40% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Boyd Gaming (STU:BO5) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of €73.00 is trading 7.9% below its estimated GF Value™ of €79.30.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for STU:BO5:
Operating Margin %: 19.40% (near median its 10-year median of 17.87)
GF Value™: €79.30 vs. price of €73.00 (7.9% below fair value)
Industry Position: 140.2% above the Travel & Leisure median (#188 of 842)
No single metric tells the full story. See the STU:BO5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
Get the complete analysis for STU:BO5
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:BO5 has been successfully added to your 
