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Side-by-side financial comparison of DraftKings Inc. (DKNG) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.

DraftKings Inc. is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.7× M/I HOMES, INC.). DraftKings Inc. runs the higher net margin — 6.9% vs 5.6%, a 1.3% gap on every dollar of revenue. On growth, DraftKings Inc. posted the faster year-over-year revenue change (42.8% vs -4.8%). DraftKings Inc. produced more free cash flow last quarter ($316.5M vs $-13.0M). Over the past eight quarters, DraftKings Inc.'s revenue compounded faster (30.1% CAGR vs 4.7%).

DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.

M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.

DKNG vs MHO — Head-to-Head

Bigger by revenue
DKNG
DKNG
1.7× larger
DKNG
$2.0B
$1.1B
MHO
Growing faster (revenue YoY)
DKNG
DKNG
+47.6% gap
DKNG
42.8%
-4.8%
MHO
Higher net margin
DKNG
DKNG
1.3% more per $
DKNG
6.9%
5.6%
MHO
More free cash flow
DKNG
DKNG
$329.5M more FCF
DKNG
$316.5M
$-13.0M
MHO
Faster 2-yr revenue CAGR
DKNG
DKNG
Annualised
DKNG
30.1%
4.7%
MHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DKNG
DKNG
MHO
MHO
Revenue
$2.0B
$1.1B
Net Profit
$136.4M
$64.0M
Gross Margin
46.0%
17.4%
Operating Margin
7.6%
6.5%
Net Margin
6.9%
5.6%
Revenue YoY
42.8%
-4.8%
Net Profit YoY
201.2%
-52.1%
EPS (diluted)
$0.28
$2.42

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.

Revenue
DKNG
DKNG
MHO
MHO
Q4 25
$2.0B
$1.1B
Q3 25
$1.1B
$1.1B
Q2 25
$1.5B
$1.2B
Q1 25
$1.4B
$976.1M
Q4 24
$1.4B
$1.2B
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
$1.1B
Q1 24
$1.2B
$1.0B
Net Profit
DKNG
DKNG
MHO
MHO
Q4 25
$136.4M
$64.0M
Q3 25
$-256.8M
$106.5M
Q2 25
$157.9M
$121.2M
Q1 25
$-33.9M
$111.2M
Q4 24
$-134.9M
$133.5M
Q3 24
$-293.7M
$145.4M
Q2 24
$63.8M
$146.7M
Q1 24
$-142.6M
$138.1M
Gross Margin
DKNG
DKNG
MHO
MHO
Q4 25
46.0%
17.4%
Q3 25
31.5%
24.5%
Q2 25
43.5%
24.7%
Q1 25
40.1%
25.9%
Q4 24
40.1%
24.6%
Q3 24
32.2%
27.1%
Q2 24
39.9%
27.9%
Q1 24
39.6%
27.1%
Operating Margin
DKNG
DKNG
MHO
MHO
Q4 25
7.6%
6.5%
Q3 25
-23.8%
12.0%
Q2 25
10.0%
13.4%
Q1 25
-3.3%
14.4%
Q4 24
-10.0%
13.6%
Q3 24
-27.3%
15.9%
Q2 24
-2.9%
16.8%
Q1 24
-11.8%
16.6%
Net Margin
DKNG
DKNG
MHO
MHO
Q4 25
6.9%
5.6%
Q3 25
-22.4%
9.4%
Q2 25
10.4%
10.4%
Q1 25
-2.4%
11.4%
Q4 24
-9.7%
11.1%
Q3 24
-26.8%
12.7%
Q2 24
5.8%
13.2%
Q1 24
-12.1%
13.2%
EPS (diluted)
DKNG
DKNG
MHO
MHO
Q4 25
$0.28
$2.42
Q3 25
$-0.52
$3.92
Q2 25
$0.30
$4.42
Q1 25
$-0.07
$3.98
Q4 24
$-0.25
$4.71
Q3 24
$-0.60
$5.10
Q2 24
$0.10
$5.12
Q1 24
$-0.30
$4.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DKNG
DKNG
MHO
MHO
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$631.5M
$3.2B
Total Assets
$4.5B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DKNG
DKNG
MHO
MHO
Q4 25
$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
Stockholders' Equity
DKNG
DKNG
MHO
MHO
Q4 25
$631.5M
$3.2B
Q3 25
$732.3M
$3.1B
Q2 25
$1.0B
$3.1B
Q1 25
$872.9M
$3.0B
Q4 24
$1.0B
$2.9B
Q3 24
$1.1B
$2.8B
Q2 24
$1.3B
$2.7B
Q1 24
$831.0M
$2.6B
Total Assets
DKNG
DKNG
MHO
MHO
Q4 25
$4.5B
$4.8B
Q3 25
$4.6B
$4.8B
Q2 25
$4.5B
$4.7B
Q1 25
$4.5B
$4.6B
Q4 24
$4.3B
$4.5B
Q3 24
$4.3B
$4.5B
Q2 24
$4.2B
$4.3B
Q1 24
$3.8B
$4.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DKNG
DKNG
MHO
MHO
Operating Cash FlowLast quarter
$320.5M
$-8.7M
Free Cash FlowOCF − Capex
$316.5M
$-13.0M
FCF MarginFCF / Revenue
15.9%
-1.1%
Capex IntensityCapex / Revenue
0.2%
0.4%
Cash ConversionOCF / Net Profit
2.35×
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$647.5M
$127.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DKNG
DKNG
MHO
MHO
Q4 25
$320.5M
$-8.7M
Q3 25
$287.5M
$43.4M
Q2 25
$173.9M
$37.8M
Q1 25
$-119.0M
$64.9M
Q4 24
$325.2M
$104.4M
Q3 24
$133.6M
$-67.9M
Q2 24
$29.4M
$27.5M
Q1 24
$-70.4M
$115.8M
Free Cash Flow
DKNG
DKNG
MHO
MHO
Q4 25
$316.5M
$-13.0M
Q3 25
$283.0M
$42.0M
Q2 25
$169.6M
$35.1M
Q1 25
$-121.7M
$63.5M
Q4 24
$323.2M
$102.3M
Q3 24
$130.9M
$-68.5M
Q2 24
$27.0M
$22.0M
Q1 24
$-73.4M
$115.5M
FCF Margin
DKNG
DKNG
MHO
MHO
Q4 25
15.9%
-1.1%
Q3 25
24.7%
3.7%
Q2 25
11.2%
3.0%
Q1 25
-8.6%
6.5%
Q4 24
23.2%
8.5%
Q3 24
11.9%
-6.0%
Q2 24
2.4%
2.0%
Q1 24
-6.2%
11.0%
Capex Intensity
DKNG
DKNG
MHO
MHO
Q4 25
0.2%
0.4%
Q3 25
0.4%
0.1%
Q2 25
0.3%
0.2%
Q1 25
0.2%
0.1%
Q4 24
0.1%
0.2%
Q3 24
0.2%
0.1%
Q2 24
0.2%
0.5%
Q1 24
0.3%
0.0%
Cash Conversion
DKNG
DKNG
MHO
MHO
Q4 25
2.35×
-0.14×
Q3 25
0.41×
Q2 25
1.10×
0.31×
Q1 25
0.58×
Q4 24
0.78×
Q3 24
-0.47×
Q2 24
0.46×
0.19×
Q1 24
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DKNG
DKNG

Sportsbook$1.4B68%
I Gaming$500.2M25%
Other$137.9M7%

MHO
MHO

Southern Homebuilding$615.6M54%
Northern Homebuilding$503.9M44%
Financial Service$27.8M2%
Land$4.7M0%

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