• Boyd Gaming average return on tangible equity for 2023 was -89.12, a 26.5% decline from 2022.
• Boyd Gaming average return on tangible equity for 2022 was -70.45, a 117.77% increase from 2021.
• Boyd Gaming average return on tangible equity for 2021 was -32.35, a 399.81% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.