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Side-by-side financial comparison of Brightstar Lottery PLC (BRSL) and DraftKings Inc. (DKNG). Click either name above to swap in a different company.
Brightstar Lottery PLC is the larger business by last-quarter revenue ($2.5B vs $2.0B, roughly 1.3× DraftKings Inc.). DraftKings Inc. runs the higher net margin — 6.9% vs 5.9%, a 1.0% gap on every dollar of revenue. DraftKings Inc. produced more free cash flow last quarter ($316.5M vs $-415.0M).
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.
BRSL vs DKNG — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.0B |
| Net Profit | $147.0M | $136.4M |
| Gross Margin | — | 46.0% |
| Operating Margin | 11.9% | 7.6% |
| Net Margin | 5.9% | 6.9% |
| Revenue YoY | — | 42.8% |
| Net Profit YoY | — | 201.2% |
| EPS (diluted) | $0.74 | $0.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $147.0M | $136.4M | ||
| Q3 25 | — | $-256.8M | ||
| Q2 25 | — | $157.9M | ||
| Q1 25 | — | $-33.9M | ||
| Q4 24 | — | $-134.9M | ||
| Q3 24 | — | $-293.7M | ||
| Q2 24 | — | $63.8M | ||
| Q1 24 | — | $-142.6M |
| Q4 25 | — | 46.0% | ||
| Q3 25 | — | 31.5% | ||
| Q2 25 | — | 43.5% | ||
| Q1 25 | — | 40.1% | ||
| Q4 24 | — | 40.1% | ||
| Q3 24 | — | 32.2% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.6% |
| Q4 25 | 11.9% | 7.6% | ||
| Q3 25 | — | -23.8% | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | — | -10.0% | ||
| Q3 24 | — | -27.3% | ||
| Q2 24 | — | -2.9% | ||
| Q1 24 | — | -11.8% |
| Q4 25 | 5.9% | 6.9% | ||
| Q3 25 | — | -22.4% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | — | -26.8% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -12.1% |
| Q4 25 | $0.74 | $0.28 | ||
| Q3 25 | — | $-0.52 | ||
| Q2 25 | — | $0.30 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | — | $-0.60 | ||
| Q2 24 | — | $0.10 | ||
| Q1 24 | — | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $1.1B |
| Total DebtLower is stronger | $4.1B | — |
| Stockholders' EquityBook value | $875.0M | $631.5M |
| Total Assets | $9.2B | $4.5B |
| Debt / EquityLower = less leverage | 4.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $788.3M | ||
| Q3 24 | — | $877.8M | ||
| Q2 24 | — | $815.9M | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $4.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $875.0M | $631.5M | ||
| Q3 25 | — | $732.3M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $872.9M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $831.0M |
| Q4 25 | $9.2B | $4.5B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | 4.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-99.0M | $320.5M |
| Free Cash FlowOCF − Capex | $-415.0M | $316.5M |
| FCF MarginFCF / Revenue | -16.5% | 15.9% |
| Capex IntensityCapex / Revenue | 12.6% | 0.2% |
| Cash ConversionOCF / Net Profit | -0.67× | 2.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $647.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-99.0M | $320.5M | ||
| Q3 25 | — | $287.5M | ||
| Q2 25 | — | $173.9M | ||
| Q1 25 | — | $-119.0M | ||
| Q4 24 | — | $325.2M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $-70.4M |
| Q4 25 | $-415.0M | $316.5M | ||
| Q3 25 | — | $283.0M | ||
| Q2 25 | — | $169.6M | ||
| Q1 25 | — | $-121.7M | ||
| Q4 24 | — | $323.2M | ||
| Q3 24 | — | $130.9M | ||
| Q2 24 | — | $27.0M | ||
| Q1 24 | — | $-73.4M |
| Q4 25 | -16.5% | 15.9% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | 12.6% | 0.2% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | -0.67× | 2.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSL
Segment breakdown not available.
DKNG
| Sportsbook | $1.4B | 68% |
| I Gaming | $500.2M | 25% |
| Other | $137.9M | 7% |
