Boyd Group Svcs Financials

BGSI

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Boyd Group Svcs (BGSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BGSI FY2025 2026-04-22

Operating cash consistently exceeds net income, while a financing-driven cash surge reset Boyd’s balance-sheet flexibility in FY2025.

FY2025’s $1.23B cash balance looks transformative, but it was created mainly by $1.07B of financing inflow. Operating cash flow was $353M while net income was just $18.4M, so liquidity improved far faster than underlying earnings and the cash step-up was mostly a capital-structure event.

In both FY2024 and FY2025, operating cash flow stayed above $300M even though net income stayed below $25M. Because capital spending was relatively light, the business converted much of that operating cash into free cash flow instead of consuming it just to stand still.

The liquidity posture changed sharply in FY2025, with the current ratio moving from 0.6x to 3.1x as cash swelled. Yet liabilities still total $2.14B, and goodwill at $702M means a notable slice of assets reflects past acquisitions rather than near-term liquidity.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Boyd Group Svcs's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Boyd Group Svcs's revenue grew a modest 2.4% year-over-year to $3.1B. This slow but positive growth earns a score of 40/100.

Leverage

Boyd Group Svcs carries a low D/E ratio of 0.38, meaning only $0.38 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.14, Boyd Group Svcs holds $3.14 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Cash Flow

Boyd Group Svcs has a free cash flow margin of 9.5%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Partial

5/7

Boyd Group Svcs passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

19.16x

For every $1 of reported earnings, Boyd Group Svcs generates $19.16 in operating cash flow ($353.0M OCF vs $18.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.1B

YoY+2.4%

Boyd Group Svcs generated $3.1B in revenue in fiscal year 2025. This represents an increase of 2.4% from the prior year.

EBITDA

N/A

Net Income

$18.4M

YoY-25.0%

Boyd Group Svcs reported $18.4M in net income in fiscal year 2025. This represents a decrease of 25.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$298.7M

YoY+26.6%

Boyd Group Svcs generated $298.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 26.6% from the prior year.

Cash & Debt

$1.2B

YoY+6044.0%

Boyd Group Svcs held $1.2B in cash against $653.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

28M

Boyd Group Svcs had 28M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

0.6%

YoY-0.2pp

Boyd Group Svcs's net profit margin was 0.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.

Return on Equity

1.1%

YoY-1.9pp

Boyd Group Svcs's ROE was 1.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$54.3M

YoY-29.8%

Boyd Group Svcs invested $54.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 29.8% from the prior year.

BGSI Income Statement

Metric	FY25	FY24
Revenue	$3.1B+2.4%	$3.1B
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	$44.8M+10.7%	$40.5M
Income Tax	$10.3M+44.8%	$7.1M
Net Income	$18.4M-25.0%	$24.5M
EPS (Diluted)	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

BGSI Balance Sheet

Metric	FY25	FY24
Total Assets	$3.9B+56.6%	$2.5B
Current Assets	$1.5B+453.5%	$270.7M
Cash & Equivalents	$1.2B+6044.0%	$20.0M
Inventory	$68.3M-6.6%	$73.1M
Accounts Receivable	N/A	N/A
Goodwill	$702.5M+9.1%	$643.9M
Total Liabilities	$2.1B+31.0%	$1.6B
Current Liabilities	$476.7M+9.6%	$435.1M
Long-Term Debt	$653.3M+4.1%	$627.4M
Total Equity	$1.7B+107.0%	$830.9M
Retained Earnings	$188.8M+4.6%	$180.6M

Metric	Q4'25	Q4'24	Q4'23
Total Assets	$3.9B+56.6%	$2.5B	N/A
Current Assets	$1.5B+453.5%	$270.7M	N/A
Cash & Equivalents	$1.2B+6044.0%	$20.0M-11.2%	$22.5M
Inventory	$68.3M-6.6%	$73.1M	N/A
Accounts Receivable	N/A	N/A	N/A
Goodwill	$702.5M+9.1%	$643.9M	N/A
Total Liabilities	$2.1B+31.0%	$1.6B	N/A
Current Liabilities	$476.7M+9.6%	$435.1M	N/A
Long-Term Debt	$653.3M+4.1%	$627.4M+48.8%	$421.7M
Total Equity	$1.7B+107.0%	$830.9M+0.3%	$828.3M
Retained Earnings	$188.8M+4.6%	$180.6M	N/A

BGSI Cash Flow Statement

Metric	FY25	FY24
Operating Cash Flow	$353.0M+12.7%	$313.3M
Capital Expenditures	$54.3M-29.8%	$77.3M
Free Cash Flow	$298.7M+26.6%	$236.0M
Investing Cash Flow	-$227.0M-9.3%	-$207.7M
Financing Cash Flow	$1.1B+1098.5%	-$106.9M
Dividends Paid	$9.4M-0.8%	$9.4M
Share Buybacks	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23
Operating Cash Flow	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

BGSI Financial Ratios

Metric	FY25	FY24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	0.6%-0.2pp	0.8%
Return on Equity	1.1%-1.9pp	2.9%
Return on Assets	0.5%-0.5pp	1.0%
Current Ratio	3.14+2.5	0.62
Debt-to-Equity	0.38-0.4	0.76
FCF Margin	9.5%+1.8pp	7.7%

Metric	Q4'25	Q4'24	Q4'23
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	3.14+2.5	0.62	N/A
Debt-to-Equity	0.38-0.4	0.76+0.2	0.51
FCF Margin	N/A	N/A	N/A

Frequently Asked Questions

What is Boyd Group Svcs's annual revenue?

Boyd Group Svcs (BGSI) reported $3.1B in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Boyd Group Svcs's revenue growing?

Boyd Group Svcs (BGSI) revenue grew by 2.4% year-over-year, from $3.1B to $3.1B in fiscal year 2025.

Is Boyd Group Svcs profitable?

Yes, Boyd Group Svcs (BGSI) reported a net income of $18.4M in fiscal year 2025, with a net profit margin of 0.6%.

How much debt does Boyd Group Svcs have?

As of fiscal year 2025, Boyd Group Svcs (BGSI) had $1.2B in cash and equivalents against $653.3M in long-term debt.

What is Boyd Group Svcs's net profit margin?

Boyd Group Svcs (BGSI) had a net profit margin of 0.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Boyd Group Svcs's return on equity (ROE)?

Boyd Group Svcs (BGSI) has a return on equity of 1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Boyd Group Svcs's free cash flow?

Boyd Group Svcs (BGSI) generated $298.7M in free cash flow during fiscal year 2025. This represents a 26.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Boyd Group Svcs's operating cash flow?

Boyd Group Svcs (BGSI) generated $353.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Boyd Group Svcs's total assets?

Boyd Group Svcs (BGSI) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Boyd Group Svcs's capital expenditures?

Boyd Group Svcs (BGSI) invested $54.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Boyd Group Svcs have outstanding?

Boyd Group Svcs (BGSI) had 28M shares outstanding as of fiscal year 2025.

What is Boyd Group Svcs's current ratio?

Boyd Group Svcs (BGSI) had a current ratio of 3.14 as of fiscal year 2025, which is generally considered healthy.

What is Boyd Group Svcs's debt-to-equity ratio?

Boyd Group Svcs (BGSI) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Boyd Group Svcs's return on assets (ROA)?

Boyd Group Svcs (BGSI) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Boyd Group Svcs's Piotroski F-Score?

Boyd Group Svcs (BGSI) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Boyd Group Svcs's earnings high quality?

Boyd Group Svcs (BGSI) has an earnings quality ratio of 19.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Boyd Group Svcs?

Boyd Group Svcs (BGSI) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.