Boyd Group Services Inc. (BGSI) Income Statement
BGSI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBGSI revenue and net income
Where BGSI's revenue goes
2025Each bar shows an amount and its share of revenue. BGSI kept 0.6% of revenue as net income.
BGSI profit margins
BGSI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +8.9% | +15.0% | — |
| Gross profit | +4.4% | +10.3% | +15.4% | — |
| Operating income | +20.9% | +10.6% | −8.6% | — |
| Net income | −25.0% | −23.4% | −16.0% | — |
| EPS (diluted) | +47.2% | +2.8% | +1.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BGSI quarterly EPS vs estimates
Boyd Group Services beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 11, 2026 (estimate $0.96).
BGSI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $3.14B | $3.07B | $2.95B | $2.43B | $1.87B | $1.56B |
| Cost of revenue | $1.68B | $1.67B | $1.61B | $1.34B | $1.03B | $847.7M |
| Gross profit | $1.46B | $1.40B | $1.34B | $1.09B | $839.3M | $713.5M |
| Total operating expenses | $1.33B | $1.29B | $1.16B | $989.4M | $773.4M | $506.3M |
| Operating income | $132.3M | $109.5M | $175.4M | $97.9M | $65.8M | $207.3M |
| Interest expense | $69.7M | $68.9M | $51.7M | $37.3M | $27.7M | $33.3M |
| Income before taxes | $28.7M | $31.7M | $119.5M | $58.7M | $32.2M | $59.0M |
| Income taxes | $10.3M | $7.1M | $32.9M | $17.8M | $8.7M | $14.8M |
| Net income | $18.4M | $24.5M | $86.7M | $41.0M | $23.5M | $44.1M |
| EBITDA | $342.4M | $325.9M | $364.1M | $271.7M | $213.6M | $130.3M |
| EPS (diluted) | $2.12 | $1.44 | $4.14 | $1.95 | $1.26 | $1.94 |
| Gross margin | 46.4% | 45.5% | 45.5% | 44.7% | 44.8% | 45.7% |
| Operating margin | 4.2% | 3.6% | 6.0% | 4.0% | 3.5% | 13.3% |
| Net margin | 0.6% | 0.8% | 2.9% | 1.7% | 1.3% | 2.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $982.9M | $793.9M | $790.2M | $780.4M | $778.3M | $752.3M | $752.3M | $779.2M | $786.5M | $740.0M |
| Cost of revenue | $533.6M | $605.6M | $425.9M | $424.3M | $415.0M | $419.0M | $407.4M | $408.7M | $423.7M | $434.0M | $403.5M |
| Gross profit | $480.0M | $377.3M | $367.9M | $365.9M | $365.4M | $359.3M | $344.9M | $343.6M | $355.5M | $352.6M | $336.5M |
| Total operating expenses | $344.1M | $336.6M | $327.5M | $329.0M | $331.9M | $337.9M | $320.6M | $321.2M | $321.7M | $270.9M | $242.3M |
| Operating income | $135.9M | $40.7M | $40.4M | $37.0M | $33.6M | $21.4M | $24.3M | $22.4M | $33.8M | $81.7M | $94.2M |
| Interest expense | $31.0M | $29.7M | $15.1M | $18.8M | $18.0M | $17.8M | $17.4M | $18.2M | $17.2M | $16.1M | $14.4M |
| Income before taxes | $3.3M | −$8.5M | $8.5M | $14.9M | $8.3M | −$2.9M | $1.6M | $3.4M | $15.0M | $11.5M | $27.1M |
| Income taxes | $2.0M | −$656,774 | $3.7M | $4.1M | $2.9M | −$290,000 | −$792,000 | $546,000 | $4.2M | $3.1M | $8.0M |
| Net income | $1.3M | −$7.8M | $4.8M | $10.8M | $5.4M | −$2.6M | $2.4M | $2.9M | $10.8M | $8.4M | $19.1M |
| EBITDA | $135.9M | $101.2M | $86.8M | $95.0M | $86.5M | $74.0M | $78.2M | $79.4M | $88.1M | $52.0M | $62.9M |
| EPS (diluted) | $0.80 | $0.58 | $0.90 | $0.62 | $0.50 | $0.10 | $0.29 | $0.15 | $0.56 | $0.44 | $0.89 |
| Gross margin | 47.4% | 38.4% | 46.3% | 46.3% | 46.8% | 46.2% | 45.8% | 45.7% | 45.6% | 44.8% | 45.5% |
| Operating margin | 13.4% | 4.1% | 5.1% | 4.7% | 4.3% | 2.7% | 3.2% | 3.0% | 4.3% | 10.4% | 12.7% |
| Net margin | 0.1% | −0.8% | 0.6% | 1.4% | 0.7% | −0.3% | 0.3% | 0.4% | 1.4% | 1.1% | 2.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BGSI's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BGSI financial results
In fiscal year 2025 (ended December 31, 2025), Boyd Group Services reported revenue of $3.1 billion, up 2.4% from the year before. It had net income of $18.4 million (down 25.0%), a net profit margin of 0.6%. Diluted earnings per share came to $2.12. Over five years revenue grew at an average rate of 15.0% a year.
See the BGSI stock overview for the latest quote and news, or the BGSI chart for price history and technical indicators.
BGSI income statement FAQ
What is Boyd Group Services's annual revenue?
Boyd Group Services reported total revenue of $3.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.4% from $3.1 billion the previous year.
Is Boyd Group Services profitable?
Yes. Boyd Group Services reported net income of $18.4 million in fiscal 2025, a net profit margin of 0.6%; its operating margin was 4.2%.
What is Boyd Group Services's gross margin?
Boyd Group Services's gross margin was 46.4% in fiscal 2025: for every $100 of revenue, Boyd Group Services kept $46 after the direct cost of its products and services.
How fast is Boyd Group Services growing?
Revenue grew 15.0% a year on average over the last five fiscal years, from $1.6 billion to $3.1 billion.
What are Boyd Group Services's earnings per share?
Boyd Group Services earned $2.12 per diluted share in fiscal 2025, compared with $1.44 a year earlier.
When will Boyd Group Services report its next earnings?
Boyd Group Services is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does Boyd Group Services's fiscal year end?
Boyd Group Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.