Caesars Entertainment
CZR · Casinos & Gaming
$28.80
0.9%DraftKings
DKNG · Casinos & Gaming
$20.91
0.1%The short version
- Caesars Entertainment is the larger business, with $11.5B of revenue in fiscal 2025 against $6.1B for DraftKings, about 1.9 times as much.
- DraftKings grew revenue faster (27.0%, against 2.1%).
- Caesars Entertainment kept more of each dollar of sales as operating profit (16.2% operating margin, against −0.3% operating margin).
- DraftKings turned more of its sales into free cash flow (10.7% FCF margin, against 4.3% FCF margin).
- Caesars Entertainment earned a higher return on the capital invested in it (9.6%, against −0.7%).
| Latest fiscal year | CZR · FY25 | DKNG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $10.4B |
| Revenue | $11.5B | $6.1B |
| Free cash flow | $497M | $648M |
| Net income | −$502M | $3.7M |
| Growth | ||
| Revenue growth | 2.1% | 27.0% |
| 5-year growth | 25.9% | 58.0% |
| Share count change | −3.3% | 2.9% |
| Profitability | ||
| Gross margin | — | 41.3% |
| Operating margin | 16.2% | −0.3% |
| Net margin | −4.4% | 0.1% |
| FCF margin | 4.3% | 10.7% |
| Return on capital | 9.6% | −0.7% |
| Return on equity | −13.1% | 0.5% |
| Balance sheet | ||
| Net debt | $11.2B | $132M |
| Net debt / EBITDA | 3.4x | 0.5x |
| Dividends and buybacks | $229M | $572M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 6 | 8 |
FY16
CZR $893M
DKNG —
FY17
CZR $1.5B
DKNG —
FY18
CZR $2.1B
DKNG $226M
FY19
CZR $2.5B
DKNG $323M
FY20
CZR $3.6B
DKNG $615M
FY21
CZR $9.6B
DKNG $1.3B
FY22
CZR $10.8B
DKNG $2.2B
FY23
CZR $11.5B
DKNG $3.7B
FY24
CZR $11.2B
DKNG $4.8B
FY25
CZR $11.5B
DKNG $6.1B
CZR
DKNG
FY16
CZR 9.9%
DKNG —
FY17
CZR 6.4%
DKNG —
FY18
CZR 15.1%
DKNG −33.9%
FY19
CZR 16.2%
DKNG −45.3%
FY20
CZR −10.6%
DKNG −137.2%
FY21
CZR 15.3%
DKNG −120.5%
FY22
CZR 16.1%
DKNG −67.5%
FY23
CZR 21.4%
DKNG −21.5%
FY24
CZR 20.5%
DKNG −12.8%
FY25
CZR 16.2%
DKNG −0.3%
CZR
DKNG
FY16
CZR $52.2M
DKNG —
FY17
CZR $46.7M
DKNG —
FY18
CZR $176M
DKNG −$59.3M
FY19
CZR $142M
DKNG −$63.3M
FY20
CZR −$725M
DKNG −$206M
FY21
CZR $679M
DKNG −$435M
FY22
CZR $41.0M
DKNG −$658M
FY23
CZR $545M
DKNG −$22.7M
FY24
CZR −$221M
DKNG $408M
FY25
CZR $497M
DKNG $648M
CZR
DKNG
FY16
CZR 5.5%
DKNG —
FY17
CZR 3.7%
DKNG —
FY18
CZR 6.2%
DKNG —
FY19
CZR 6.6%
DKNG —
FY20
CZR −2.7%
DKNG −176.2%
FY21
CZR 6.4%
DKNG −155.4%
FY22
CZR 8.2%
DKNG −117.2%
FY23
CZR 12.2%
DKNG −59.7%
FY24
CZR 11.3%
DKNG −41.8%
FY25
CZR 9.6%
DKNG −0.7%
CZR
DKNG
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.