CAG vs. BYD

Last updated Apr 1, 2026

Compare and contrast key facts about Conagra Brands, Inc. (CAG) and Boyd Gaming Corporation (BYD).

Performance

CAG vs. BYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Conagra Brands, Inc. (CAG) and Boyd Gaming Corporation (BYD). The values are adjusted to include any dividend payments, if applicable.

CAG vs. BYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAG Conagra Brands, Inc.	-7.39%	-33.32%	1.46%	-22.82%	17.52%	-2.55%	8.69%	65.50%	-41.99%	-2.55%
BYD Boyd Gaming Corporation	-3.35%	18.61%	17.13%	15.99%	-15.74%	52.77%	43.35%	45.51%	-40.25%	74.70%

Fundamentals

Market Cap CAG : $7.53B BYD : $6.46B
EPS CAG : $0.14 BYD : $22.86
PE Ratio CAG : 113.20 BYD : 3.60
PEG Ratio CAG : 3.54 BYD : 0.05
PS Ratio CAG : 0.54 BYD : 1.62
PB Ratio CAG : 0.93 BYD : 2.48
Total Revenue (TTM) CAG : $13.87B BYD : $4.09B
Gross Profit (TTM) CAG : $3.39B BYD : $1.72B
EBITDA (TTM) CAG : $1.11B BYD : $2.79B

Returns By Period

In the year-to-date period, CAG achieves a -7.39% return, which is significantly lower than BYD's -3.35% return. Over the past 10 years, CAG has underperformed BYD with an annualized return of -4.43%, while BYD has yielded a comparatively higher 15.48% annualized return.

CAG

• 1D: -0.06%
• 1M: -18.34%
• YTD: -7.39%
• 6M: -10.65%
• 1Y: -36.62%
• 3Y*: -20.96%
• 5Y*: -11.78%
• 10Y*: -4.43%

BYD

• 1D: 2.51%
• 1M: -1.02%
• YTD: -3.35%
• 6M: -4.50%
• 1Y: 25.99%
• 3Y*: 9.72%
• 5Y*: 6.94%
• 10Y*: 15.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CAG vs. BYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAG

CAG Risk / Return Rank: 5
CAG Sharpe Ratio Rank: 1
CAG Sortino Ratio Rank: 2
CAG Omega Ratio Rank: 4
CAG Calmar Ratio Rank: 7
CAG Martin Ratio Rank: 13

BYD

BYD Risk / Return Rank: 73
BYD Sharpe Ratio Rank: 73
BYD Sortino Ratio Rank: 67
BYD Omega Ratio Rank: 66
BYD Calmar Ratio Rank: 79
BYD Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAG vs. BYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) and Boyd Gaming Corporation (BYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CAG	BYD	Difference
Sharpe ratio Return per unit of total volatility	-1.35	0.91	-2.26
Sortino ratio Return per unit of downside risk	-2.01	1.42	-3.44
Omega ratio Gain probability vs. loss probability	0.78	1.19	-0.41
Calmar ratio Return relative to maximum drawdown	-0.93	2.08	-3.01
Martin ratio Return relative to average drawdown	-1.40	4.89	-6.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAG vs. BYD - Sharpe Ratio Comparison

The current CAG Sharpe Ratio is -1.35, which is lower than the BYD Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CAG and BYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CAG	BYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.35	0.91	-2.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.52	0.22	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	0.36	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.08	+0.18

Correlation

The correlation between CAG and BYD is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CAG vs. BYD - Dividend Comparison

CAG's dividend yield for the trailing twelve months is around 8.91%, more than BYD's 0.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAG Conagra Brands, Inc.	8.91%	8.09%	5.05%	4.75%	3.32%	3.44%	2.52%	2.48%	3.98%	2.19%	29.36%	2.37%
BYD Boyd Gaming Corporation	0.90%	0.84%	0.94%	1.02%	1.36%	0.00%	0.00%	0.90%	1.11%	0.43%	0.00%	0.00%

Drawdowns

CAG vs. BYD - Drawdown Comparison

The maximum CAG drawdown since its inception was -56.95%, smaller than the maximum BYD drawdown of -94.49%. Use the drawdown chart below to compare losses from any high point for CAG and BYD.

Drawdown Indicators

	CAG	BYD	Difference
Max Drawdown Largest peak-to-trough decline	-56.95%	-94.49%	+37.54%
Max Drawdown (1Y) Largest decline over 1 year	-39.13%	-12.10%	-27.03%
Max Drawdown (5Y) Largest decline over 5 years	-55.94%	-34.58%	-21.36%
Max Drawdown (10Y) Largest decline over 10 years	-55.94%	-80.01%	+24.07%
Current Drawdown Current decline from peak	-54.32%	-8.01%	-46.31%
Average Drawdown Average peak-to-trough decline	-15.56%	-50.29%	+34.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.04%	5.15%	+20.89%

Volatility

CAG vs. BYD - Volatility Comparison

Conagra Brands, Inc. (CAG) has a higher volatility of 10.71% compared to Boyd Gaming Corporation (BYD) at 8.65%. This indicates that CAG's price experiences larger fluctuations and is considered to be riskier than BYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAG	BYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	8.65%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	21.41%	19.01%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	27.13%	28.81%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	32.03%	-9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.98%	43.14%	-17.16%

Financials

CAG vs. BYD - Profitability Comparison

The chart below illustrates the profitability comparison between Conagra Brands, Inc. and Boyd Gaming Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Conagra Brands, Inc. reported a gross profit of 1.34B and revenue of 5.61B. Therefore, the gross margin over that period was 23.8%.

BYD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Boyd Gaming Corporation reported a gross profit of 204.95M and revenue of 1.06B. Therefore, the gross margin over that period was 19.3%.

CAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Conagra Brands, Inc. reported an operating income of -597.60M and revenue of 5.61B, resulting in an operating margin of -10.7%.

BYD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Boyd Gaming Corporation reported an operating income of 294.78M and revenue of 1.06B, resulting in an operating margin of 27.8%.

CAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Conagra Brands, Inc. reported a net income of -499.10M and revenue of 5.61B, resulting in a net margin of -8.9%.

BYD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Boyd Gaming Corporation reported a net income of 140.40M and revenue of 1.06B, resulting in a net margin of 13.2%.