• Boyd Gaming average ebitda margin for 2023 was 34.22%, a 2.37% decline from 2022.
• Boyd Gaming average ebitda margin for 2022 was 35.05%, a 2.85% decline from 2021.
• Boyd Gaming average ebitda margin for 2021 was 34.08%, a 134.55% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.