Caesars Entertainment vs DraftKings
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KIRAβs take AI analyst
I put Caesars Entertainment and DraftKings side by side, using each oneβs latest annual report. Here is what stands out:
- 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 β0.3%).
- DraftKings turned more of its sales into free cash flow (10.7% FCF margin, against 4.3%).
- Caesars Entertainment earned a higher return on the capital invested in it (9.6%, against β0.7%).
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Caesars Entertainment
CZR
3/10
Operating marginReturn on capitalShare count change
DraftKings
DKNG
7/10
Revenue growth5-year growthNet marginFCF marginReturn on equityPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | CZR FY25 | DKNG FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $10.5B |
| Revenue | $11.5B | $6.1B |
| Free cash flow | $497M | $648M |
| Net income | β$502M | $3.7M |
| Growth | ||
| Revenue growth | 2.1% | 27.0% |
| 5-year growth | 25.9% | 58.0% |
| Share count change | β3.3% | 2.9% |
| Profitability | ||
| Gross margin | β | 41.3% |
| Operating margin | 16.2% | β0.3% |
| Net margin | β4.4% | 0.1% |
| FCF margin | 4.3% | 10.7% |
| Return on capital | 9.6% | β0.7% |
| Return on equity | β13.1% | 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 | β | β |
| Piotroski F-score | 6 | 8 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.