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Side-by-side financial comparison of DraftKings Inc. (DKNG) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
GRAPHIC PACKAGING HOLDING CO is the larger business by last-quarter revenue ($2.1B vs $2.0B, roughly 1.1× DraftKings Inc.). DraftKings Inc. runs the higher net margin — 6.9% vs 3.4%, a 3.5% gap on every dollar of revenue. On growth, DraftKings Inc. posted the faster year-over-year revenue change (42.8% vs 0.2%). Over the past eight quarters, DraftKings Inc.'s revenue compounded faster (30.1% CAGR vs -3.5%).
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.
Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...
DKNG vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.1B |
| Net Profit | $136.4M | $71.0M |
| Gross Margin | 46.0% | 14.1% |
| Operating Margin | 7.6% | 7.4% |
| Net Margin | 6.9% | 3.4% |
| Revenue YoY | 42.8% | 0.2% |
| Net Profit YoY | 201.2% | -48.6% |
| EPS (diluted) | $0.28 | $0.24 |
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 | $2.0B | $2.1B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $1.2B | $2.3B |
| Q4 25 | $136.4M | $71.0M | ||
| Q3 25 | $-256.8M | $142.0M | ||
| Q2 25 | $157.9M | $104.0M | ||
| Q1 25 | $-33.9M | $127.0M | ||
| Q4 24 | $-134.9M | $138.0M | ||
| Q3 24 | $-293.7M | $165.0M | ||
| Q2 24 | $63.8M | $190.0M | ||
| Q1 24 | $-142.6M | $165.0M |
| Q4 25 | 46.0% | 14.1% | ||
| Q3 25 | 31.5% | 19.6% | ||
| Q2 25 | 43.5% | 18.7% | ||
| Q1 25 | 40.1% | 20.6% | ||
| Q4 24 | 40.1% | 21.4% | ||
| Q3 24 | 32.2% | 22.3% | ||
| Q2 24 | 39.9% | 21.2% | ||
| Q1 24 | 39.6% | 23.0% |
| Q4 25 | 7.6% | 7.4% | ||
| Q3 25 | -23.8% | 10.7% | ||
| Q2 25 | 10.0% | 8.8% | ||
| Q1 25 | -3.3% | 10.5% | ||
| Q4 24 | -10.0% | 11.4% | ||
| Q3 24 | -27.3% | 12.6% | ||
| Q2 24 | -2.9% | 14.5% | ||
| Q1 24 | -11.8% | 12.4% |
| Q4 25 | 6.9% | 3.4% | ||
| Q3 25 | -22.4% | 6.5% | ||
| Q2 25 | 10.4% | 4.7% | ||
| Q1 25 | -2.4% | 6.0% | ||
| Q4 24 | -9.7% | 6.6% | ||
| Q3 24 | -26.8% | 7.5% | ||
| Q2 24 | 5.8% | 8.5% | ||
| Q1 24 | -12.1% | 7.3% |
| Q4 25 | $0.28 | $0.24 | ||
| Q3 25 | $-0.52 | $0.48 | ||
| Q2 25 | $0.30 | $0.34 | ||
| Q1 25 | $-0.07 | $0.42 | ||
| Q4 24 | $-0.25 | $0.46 | ||
| Q3 24 | $-0.60 | $0.55 | ||
| Q2 24 | $0.10 | $0.62 | ||
| Q1 24 | $-0.30 | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $261.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $631.5M | $3.3B |
| Total Assets | $4.5B | $11.8B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $261.0M | ||
| Q3 25 | $1.2B | $120.0M | ||
| Q2 25 | $1.3B | $120.0M | ||
| Q1 25 | $1.1B | $129.0M | ||
| Q4 24 | $788.3M | $157.0M | ||
| Q3 24 | $877.8M | $126.0M | ||
| Q2 24 | $815.9M | $125.0M | ||
| Q1 24 | $1.2B | $136.0M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
| Q4 25 | $631.5M | $3.3B | ||
| Q3 25 | $732.3M | $3.3B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $872.9M | $3.2B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $831.0M | $2.9B |
| Q4 25 | $4.5B | $11.8B | ||
| Q3 25 | $4.6B | $11.9B | ||
| Q2 25 | $4.5B | $11.8B | ||
| Q1 25 | $4.5B | $11.5B | ||
| Q4 24 | $4.3B | $11.1B | ||
| Q3 24 | $4.3B | $11.2B | ||
| Q2 24 | $4.2B | $10.8B | ||
| Q1 24 | $3.8B | $11.3B |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $320.5M | $521.0M |
| Free Cash FlowOCF − Capex | $316.5M | — |
| FCF MarginFCF / Revenue | 15.9% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 2.35× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $647.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.5M | $521.0M | ||
| Q3 25 | $287.5M | $227.0M | ||
| Q2 25 | $173.9M | $267.0M | ||
| Q1 25 | $-119.0M | $-174.0M | ||
| Q4 24 | $325.2M | $489.0M | ||
| Q3 24 | $133.6M | $187.0M | ||
| Q2 24 | $29.4M | $161.0M | ||
| Q1 24 | $-70.4M | $3.0M |
| Q4 25 | $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 | 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 | 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 | 2.35× | 7.34× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 1.10× | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | 0.46× | 0.85× | ||
| Q1 24 | — | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DKNG
| Sportsbook | $1.4B | 68% |
| I Gaming | $500.2M | 25% |
| Other | $137.9M | 7% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
