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Side-by-side financial comparison of DraftKings Inc. (DKNG) and Organon & Co. (OGN). Click either name above to swap in a different company.
DraftKings Inc. is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.3× Organon & Co.). DraftKings Inc. runs the higher net margin — 6.9% vs -13.6%, a 20.5% gap on every dollar of revenue. On growth, DraftKings Inc. posted the faster year-over-year revenue change (42.8% vs -5.3%). DraftKings Inc. produced more free cash flow last quarter ($316.5M vs $96.0M). Over the past eight quarters, DraftKings Inc.'s revenue compounded faster (30.1% CAGR vs -3.6%).
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
DKNG vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.5B |
| Net Profit | $136.4M | $-205.0M |
| Gross Margin | 46.0% | 49.2% |
| Operating Margin | 7.6% | -9.8% |
| Net Margin | 6.9% | -13.6% |
| Revenue YoY | 42.8% | -5.3% |
| Net Profit YoY | 201.2% | -288.1% |
| EPS (diluted) | $0.28 | $-0.78 |
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 | $1.5B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.2B | $1.6B |
| Q4 25 | $136.4M | $-205.0M | ||
| Q3 25 | $-256.8M | $160.0M | ||
| Q2 25 | $157.9M | $145.0M | ||
| Q1 25 | $-33.9M | $87.0M | ||
| Q4 24 | $-134.9M | $109.0M | ||
| Q3 24 | $-293.7M | $359.0M | ||
| Q2 24 | $63.8M | $195.0M | ||
| Q1 24 | $-142.6M | $201.0M |
| Q4 25 | 46.0% | 49.2% | ||
| Q3 25 | 31.5% | 53.5% | ||
| Q2 25 | 43.5% | 54.8% | ||
| Q1 25 | 40.1% | 55.6% | ||
| Q4 24 | 40.1% | 56.3% | ||
| Q3 24 | 32.2% | 58.3% | ||
| Q2 24 | 39.9% | 58.4% | ||
| Q1 24 | 39.6% | 59.0% |
| Q4 25 | 7.6% | -9.8% | ||
| Q3 25 | -23.8% | 15.2% | ||
| Q2 25 | 10.0% | 14.4% | ||
| Q1 25 | -3.3% | 6.7% | ||
| Q4 24 | -10.0% | 8.1% | ||
| Q3 24 | -27.3% | 13.1% | ||
| Q2 24 | -2.9% | 14.6% | ||
| Q1 24 | -11.8% | 14.5% |
| Q4 25 | 6.9% | -13.6% | ||
| Q3 25 | -22.4% | 10.0% | ||
| Q2 25 | 10.4% | 9.1% | ||
| Q1 25 | -2.4% | 5.8% | ||
| Q4 24 | -9.7% | 6.8% | ||
| Q3 24 | -26.8% | 22.7% | ||
| Q2 24 | 5.8% | 12.1% | ||
| Q1 24 | -12.1% | 12.4% |
| Q4 25 | $0.28 | $-0.78 | ||
| Q3 25 | $-0.52 | $0.61 | ||
| Q2 25 | $0.30 | $0.56 | ||
| Q1 25 | $-0.07 | $0.33 | ||
| Q4 24 | $-0.25 | $0.42 | ||
| Q3 24 | $-0.60 | $1.38 | ||
| Q2 24 | $0.10 | $0.75 | ||
| Q1 24 | $-0.30 | $0.78 |
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 | $574.0M |
| Total DebtLower is stronger | — | $8.6B |
| Stockholders' EquityBook value | $631.5M | $752.0M |
| Total Assets | $4.5B | $12.9B |
| Debt / EquityLower = less leverage | — | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $574.0M | ||
| Q3 25 | $1.2B | $672.0M | ||
| Q2 25 | $1.3B | $599.0M | ||
| Q1 25 | $1.1B | $547.0M | ||
| Q4 24 | $788.3M | $675.0M | ||
| Q3 24 | $877.8M | $763.0M | ||
| Q2 24 | $815.9M | $704.0M | ||
| Q1 24 | $1.2B | $575.0M |
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | $631.5M | $752.0M | ||
| Q3 25 | $732.3M | $906.0M | ||
| Q2 25 | $1.0B | $733.0M | ||
| Q1 25 | $872.9M | $542.0M | ||
| Q4 24 | $1.0B | $472.0M | ||
| Q3 24 | $1.1B | $493.0M | ||
| Q2 24 | $1.3B | $144.0M | ||
| Q1 24 | $831.0M | $48.0M |
| Q4 25 | $4.5B | $12.9B | ||
| Q3 25 | $4.6B | $13.6B | ||
| Q2 25 | $4.5B | $13.5B | ||
| Q1 25 | $4.5B | $13.2B | ||
| Q4 24 | $4.3B | $13.1B | ||
| Q3 24 | $4.3B | $12.8B | ||
| Q2 24 | $4.2B | $12.2B | ||
| Q1 24 | $3.8B | $11.9B |
| Q4 25 | — | 11.49× | ||
| Q3 25 | — | 9.74× | ||
| Q2 25 | — | 12.14× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | 18.81× | ||
| Q3 24 | — | 17.75× | ||
| Q2 24 | — | 60.11× | ||
| Q1 24 | — | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | $316.5M | $96.0M |
| FCF MarginFCF / Revenue | 15.9% | 6.4% |
| Capex IntensityCapex / Revenue | 0.2% | 3.0% |
| Cash ConversionOCF / Net Profit | 2.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | $647.5M | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.5M | $141.0M | ||
| Q3 25 | $287.5M | $264.0M | ||
| Q2 25 | $173.9M | $220.0M | ||
| Q1 25 | $-119.0M | $75.0M | ||
| Q4 24 | $325.2M | $390.0M | ||
| Q3 24 | $133.6M | $141.0M | ||
| Q2 24 | $29.4M | $332.0M | ||
| Q1 24 | $-70.4M | $76.0M |
| Q4 25 | $316.5M | $96.0M | ||
| Q3 25 | $283.0M | $218.0M | ||
| Q2 25 | $169.6M | $181.0M | ||
| Q1 25 | $-121.7M | $43.0M | ||
| Q4 24 | $323.2M | $335.0M | ||
| Q3 24 | $130.9M | $99.0M | ||
| Q2 24 | $27.0M | $300.0M | ||
| Q1 24 | $-73.4M | $30.0M |
| Q4 25 | 15.9% | 6.4% | ||
| Q3 25 | 24.7% | 13.6% | ||
| Q2 25 | 11.2% | 11.4% | ||
| Q1 25 | -8.6% | 2.8% | ||
| Q4 24 | 23.2% | 21.0% | ||
| Q3 24 | 11.9% | 6.3% | ||
| Q2 24 | 2.4% | 18.7% | ||
| Q1 24 | -6.2% | 1.8% |
| Q4 25 | 0.2% | 3.0% | ||
| Q3 25 | 0.4% | 2.9% | ||
| Q2 25 | 0.3% | 2.4% | ||
| Q1 25 | 0.2% | 2.1% | ||
| Q4 24 | 0.1% | 3.5% | ||
| Q3 24 | 0.2% | 2.7% | ||
| Q2 24 | 0.2% | 2.0% | ||
| Q1 24 | 0.3% | 2.8% |
| Q4 25 | 2.35× | — | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | 1.10× | 1.52× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | 0.46× | 1.70× | ||
| Q1 24 | — | 0.38× |
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% |
OGN
Segment breakdown not available.
