DKNG vs TKO
DraftKings Inc. and TKO Group Holdings, Inc., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DKNG | TKO |
|---|---|---|
| Revenue | $6.1B | $4.7B |
| Net income | $3.7M | $195.4M |
| Gross margin | 41.3% | · |
| Net margin | 0.1% | 11.5% |
| Return on equity | 0.5% | 5.0% |
| Diluted EPS | $0.01 | $2.26 |
| Dividend / share | · | · |
| Payout ratio | · | 94.8% |
| Free cash flow | $647.5M | · |
| Equity | $631.5M | $3.7B |
| Net debt / equity | · | 0.78× |
| Current ratio | 1.03× | 1.26× |
| Revenue CAGR 5y | 58.0% | · |
| Profit CAGR 5y | · | · |
DKNG bills 1.3× the revenue of TKO, and TKO keeps more of each dollar of revenue as profit (11.5% 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.
5 years side by side
| Fiscal year | DKNG | TKO |
|---|---|---|
| FY2025 | $6.1B | $4.7B |
| FY2024 | $4.8B | $4.9B |
| FY2023 | $3.7B | $3.2B |
| FY2022 | $2.2B | $1.1B |
| FY2021 | $1.3B | $1.0B |
Bottom line
| Fiscal year | DKNG | TKO |
|---|---|---|
| FY2025 | $3.7M | $195.4M |
| FY2024 | $-507.3M | $9.4M |
| FY2023 | $-802.1M | $-35.2M |
| FY2022 | $-1.4B | $389.0M |
| FY2021 | $-1.5B | $273.6M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,319,374,000 | DKNG |
| FY2024 | −$116,542,000 | TKO |
| FY2023 | +$440,597,000 | DKNG |
| FY2022 | +$1,100,314,000 | DKNG |
| FY2021 | +$264,081,000 | DKNG |
The higher-revenue side has changed between DKNG and TKO over this period. The gap has widened since the earliest year compared.
5 of 6 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −11.5 pp | TKO |
| FY2024 | −5.6 pp | TKO |
| FY2023 | −26.3 pp | TKO |
| FY2022 | −95.6 pp | TKO |
| FY2021 | −144.0 pp | TKO |
TKO has kept the higher net margin in every one of these 5 fiscal years.
5 of 6 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 TKO's over the 5 comparable fiscal years — 43.0 percentage points of standard deviation against 14.3.
5 of 6 comparable fiscal years — a year missing data on either side is not counted.
Year by year
TKO led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 6 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DKNG's return on equity has been more volatile than TKO's over the 3 comparable fiscal years — 31.6 percentage points of standard deviation against 2.7.
3 of 5 comparable fiscal years — a year missing data on either side is not counted.
Year by year
TKO led in return on equity in every one of the 3 comparable fiscal years — a structural lead, not a recent swing.
3 of 5 comparable fiscal years — a year missing data on either side is not counted.