vs
Side-by-side financial comparison of DraftKings Inc. (DKNG) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $2.0B, roughly 1.1× DraftKings Inc.). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 6.9%, a 16.6% gap on every dollar of revenue. On growth, DraftKings Inc. posted the faster year-over-year revenue change (42.8% vs -36.8%). Over the past eight quarters, DraftKings Inc.'s revenue compounded faster (30.1% CAGR vs -11.9%).
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
DKNG vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.2B |
| Net Profit | $136.4M | $515.8M |
| Gross Margin | 46.0% | — |
| Operating Margin | 7.6% | — |
| Net Margin | 6.9% | 23.5% |
| Revenue YoY | 42.8% | -36.8% |
| Net Profit YoY | 201.2% | 72.6% |
| EPS (diluted) | $0.28 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.0B | $3.0B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.1B | $4.0B | ||
| Q2 24 | $1.1B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $136.4M | $760.5M | ||
| Q3 25 | $-256.8M | $916.5M | ||
| Q2 25 | $157.9M | $835.4M | ||
| Q1 25 | $-33.9M | $170.0M | ||
| Q4 24 | $-134.9M | $-189.7M | ||
| Q3 24 | $-293.7M | $1.2B | ||
| Q2 24 | $63.8M | $503.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 7.6% | 42.5% | ||
| Q3 25 | -23.8% | 46.3% | ||
| Q2 25 | 10.0% | 41.8% | ||
| Q1 25 | -3.3% | -2.0% | ||
| Q4 24 | -10.0% | -3.6% | ||
| Q3 24 | -27.3% | 43.7% | ||
| Q2 24 | -2.9% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 6.9% | 25.6% | ||
| Q3 25 | -22.4% | 28.7% | ||
| Q2 25 | 10.4% | 26.1% | ||
| Q1 25 | -2.4% | 4.9% | ||
| Q4 24 | -9.7% | -8.3% | ||
| Q3 24 | -26.8% | 29.8% | ||
| Q2 24 | 5.8% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.28 | $16.16 | ||
| Q3 25 | $-0.52 | $19.40 | ||
| Q2 25 | $0.30 | $17.20 | ||
| Q1 25 | $-0.07 | $3.27 | ||
| Q4 24 | $-0.25 | $-3.76 | ||
| Q3 24 | $-0.60 | $22.62 | ||
| Q2 24 | $0.10 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $631.5M | $4.3B |
| Total Assets | $4.5B | $53.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $788.3M | $1.7B | ||
| Q3 24 | $877.8M | $1.6B | ||
| Q2 24 | $815.9M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $631.5M | $11.6B | ||
| Q3 25 | $732.3M | $11.5B | ||
| Q2 25 | $1.0B | $10.8B | ||
| Q1 25 | $872.9M | $10.3B | ||
| Q4 24 | $1.0B | $10.6B | ||
| Q3 24 | $1.1B | $11.2B | ||
| Q2 24 | $1.3B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $4.5B | $53.8B | ||
| Q3 25 | $4.6B | $54.5B | ||
| Q2 25 | $4.5B | $54.7B | ||
| Q1 25 | $4.5B | $53.6B | ||
| Q4 24 | $4.3B | $50.7B | ||
| Q3 24 | $4.3B | $52.8B | ||
| Q2 24 | $4.2B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $316.5M | — |
| FCF MarginFCF / Revenue | 15.9% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 2.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | $647.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $320.5M | $483.0M | ||
| Q3 25 | $287.5M | $1.6B | ||
| Q2 25 | $173.9M | $1.5B | ||
| Q1 25 | $-119.0M | $157.8M | ||
| Q4 24 | $325.2M | $778.9M | ||
| Q3 24 | $133.6M | $1.5B | ||
| Q2 24 | $29.4M | $1.2B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 2.35× | 0.64× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | 1.10× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 0.46× | 2.41× |
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% |
RNR
Segment breakdown not available.
