DKNG vs LYV
DraftKings Inc. and Live Nation Entertainment, Inc., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DKNG | LYV |
|---|---|---|
| Revenue | $6.1B | $25.2B |
| Net income | $3.7M | $496.0M |
| Gross margin | 41.3% | 25.5% |
| Net margin | 0.1% | 2.7% |
| Return on equity | 0.5% | 223.3% |
| Diluted EPS | $0.01 | −$0.24 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $647.5M | $333.6M |
| Equity | $631.5M | $271.0M |
| Net debt / equity | · | 1.91× |
| Current ratio | 1.03× | 1.00× |
| Revenue CAGR 5y | 58.0% | 68.4% |
| Profit CAGR 5y | · | · |
LYV bills 4.2× the revenue of DKNG, and keeps more of each dollar of revenue as profit (2.7% against 0.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | DKNG | LYV |
|---|---|---|
| FY2025 | $6.1B | $25.2B |
| FY2024 | $4.8B | $23.2B |
| FY2023 | $3.7B | $22.7B |
| FY2022 | $2.2B | $16.7B |
| FY2021 | $1.3B | $6.3B |
| FY2020 | $614.5M | $1.9B |
Bottom line
| Fiscal year | DKNG | LYV |
|---|---|---|
| FY2025 | $3.7M | $496.0M |
| FY2024 | $-507.3M | $896.3M |
| FY2023 | $-802.1M | $556.9M |
| FY2022 | $-1.4B | $266.4M |
| FY2021 | $-1.5B | $-650.9M |
| FY2020 | $-1.2B | $-1.7B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$19,146,881,000 | LYV |
| FY2024 | −$18,387,926,000 | LYV |
| FY2023 | −$19,060,924,000 | LYV |
| FY2022 | −$14,440,793,000 | LYV |
| FY2021 | −$4,972,422,000 | LYV |
| FY2020 | −$1,246,646,000 | LYV |
LYV has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.7 pp | LYV |
| FY2024 | −15.5 pp | LYV |
| FY2023 | −25.0 pp | LYV |
| FY2022 | −63.8 pp | LYV |
| FY2021 | −107.8 pp | LYV |
| FY2020 | −102.2 pp | LYV |
LYV has kept the higher net margin in every one of these 6 fiscal years.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DKNG's net margin has been more volatile than LYV's over the 6 comparable fiscal years — 70.8 percentage points of standard deviation against 37.2.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LYV led in net margin in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.