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Side-by-side financial comparison of DraftKings Inc. (DKNG) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.0B, roughly 1.6× DraftKings Inc.). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 6.9%, a 0.8% gap on every dollar of revenue. On growth, DraftKings Inc. posted the faster year-over-year revenue change (42.8% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $316.5M). Over the past eight quarters, DraftKings Inc.'s revenue compounded faster (30.1% CAGR vs 1.2%).
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
DKNG vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $3.1B |
| Net Profit | $136.4M | $238.3M |
| Gross Margin | 46.0% | 31.0% |
| Operating Margin | 7.6% | 10.4% |
| Net Margin | 6.9% | 7.6% |
| Revenue YoY | 42.8% | -3.6% |
| Net Profit YoY | 201.2% | -17.2% |
| EPS (diluted) | $0.28 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $1.1B | $3.5B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.1B | $3.8B | ||
| Q1 24 | $1.2B | $3.0B |
| Q4 25 | $136.4M | $238.3M | ||
| Q3 25 | $-256.8M | $-2.9B | ||
| Q2 25 | $157.9M | $428.7M | ||
| Q1 25 | $-33.9M | $121.0M | ||
| Q4 24 | $-134.9M | $287.8M | ||
| Q3 24 | $-293.7M | $199.8M | ||
| Q2 24 | $63.8M | $427.0M | ||
| Q1 24 | $-142.6M | $207.8M |
| Q4 25 | 46.0% | 31.0% | ||
| Q3 25 | 31.5% | 33.7% | ||
| Q2 25 | 43.5% | 34.3% | ||
| Q1 25 | 40.1% | 31.6% | ||
| Q4 24 | 40.1% | 32.0% | ||
| Q3 24 | 32.2% | 33.4% | ||
| Q2 24 | 39.9% | 34.6% | ||
| Q1 24 | 39.6% | 31.6% |
| Q4 25 | 7.6% | 10.4% | ||
| Q3 25 | -23.8% | -98.5% | ||
| Q2 25 | 10.0% | 15.6% | ||
| Q1 25 | -3.3% | 6.9% | ||
| Q4 24 | -10.0% | 12.0% | ||
| Q3 24 | -27.3% | 12.5% | ||
| Q2 24 | -2.9% | 15.6% | ||
| Q1 24 | -11.8% | 10.3% |
| Q4 25 | 6.9% | 7.6% | ||
| Q3 25 | -22.4% | -84.0% | ||
| Q2 25 | 10.4% | 11.5% | ||
| Q1 25 | -2.4% | 4.5% | ||
| Q4 24 | -9.7% | 8.9% | ||
| Q3 24 | -26.8% | 5.5% | ||
| Q2 24 | 5.8% | 11.1% | ||
| Q1 24 | -12.1% | 6.8% |
| Q4 25 | $0.28 | $1.32 | ||
| Q3 25 | $-0.52 | $-14.79 | ||
| Q2 25 | $0.30 | $2.13 | ||
| Q1 25 | $-0.07 | $0.59 | ||
| Q4 24 | $-0.25 | $1.39 | ||
| Q3 24 | $-0.60 | $0.96 | ||
| Q2 24 | $0.10 | $2.03 | ||
| Q1 24 | $-0.30 | $0.97 |
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 | $896.5M |
| Total DebtLower is stronger | — | $6.3B |
| Stockholders' EquityBook value | $631.5M | $10.2B |
| Total Assets | $4.5B | $22.7B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $896.5M | ||
| Q3 25 | $1.2B | $950.2M | ||
| Q2 25 | $1.3B | $613.8M | ||
| Q1 25 | $1.1B | $412.7M | ||
| Q4 24 | $788.3M | $969.3M | ||
| Q3 24 | $877.8M | $1.0B | ||
| Q2 24 | $815.9M | $1.6B | ||
| Q1 24 | $1.2B | $458.4M |
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.2B |
| Q4 25 | $631.5M | $10.2B | ||
| Q3 25 | $732.3M | $10.3B | ||
| Q2 25 | $1.0B | $13.4B | ||
| Q1 25 | $872.9M | $13.1B | ||
| Q4 24 | $1.0B | $13.1B | ||
| Q3 24 | $1.1B | $13.3B | ||
| Q2 24 | $1.3B | $13.2B | ||
| Q1 24 | $831.0M | $13.1B |
| Q4 25 | $4.5B | $22.7B | ||
| Q3 25 | $4.6B | $22.9B | ||
| Q2 25 | $4.5B | $26.8B | ||
| Q1 25 | $4.5B | $25.9B | ||
| Q4 24 | $4.3B | $26.1B | ||
| Q3 24 | $4.3B | $26.6B | ||
| Q2 24 | $4.2B | $27.4B | ||
| Q1 24 | $3.8B | $26.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $316.5M | $357.8M |
| FCF MarginFCF / Revenue | 15.9% | 11.4% |
| Capex IntensityCapex / Revenue | 0.2% | 5.9% |
| Cash ConversionOCF / Net Profit | 2.35× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $647.5M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.5M | $540.7M | ||
| Q3 25 | $287.5M | $616.1M | ||
| Q2 25 | $173.9M | $718.3M | ||
| Q1 25 | $-119.0M | $-90.7M | ||
| Q4 24 | $325.2M | $494.5M | ||
| Q3 24 | $133.6M | $521.2M | ||
| Q2 24 | $29.4M | $869.2M | ||
| Q1 24 | $-70.4M | $25.4M |
| Q4 25 | $316.5M | $357.8M | ||
| Q3 25 | $283.0M | $483.0M | ||
| Q2 25 | $169.6M | $555.0M | ||
| Q1 25 | $-121.7M | $-328.0M | ||
| Q4 24 | $323.2M | $383.4M | ||
| Q3 24 | $130.9M | $350.4M | ||
| Q2 24 | $27.0M | $691.7M | ||
| Q1 24 | $-73.4M | $-189.3M |
| Q4 25 | 15.9% | 11.4% | ||
| Q3 25 | 24.7% | 13.9% | ||
| Q2 25 | 11.2% | 14.8% | ||
| Q1 25 | -8.6% | -12.2% | ||
| Q4 24 | 23.2% | 11.8% | ||
| Q3 24 | 11.9% | 9.7% | ||
| Q2 24 | 2.4% | 18.0% | ||
| Q1 24 | -6.2% | -6.2% |
| Q4 25 | 0.2% | 5.9% | ||
| Q3 25 | 0.4% | 3.8% | ||
| Q2 25 | 0.3% | 4.4% | ||
| Q1 25 | 0.2% | 8.8% | ||
| Q4 24 | 0.1% | 3.4% | ||
| Q3 24 | 0.2% | 4.7% | ||
| Q2 24 | 0.2% | 4.6% | ||
| Q1 24 | 0.3% | 7.0% |
| Q4 25 | 2.35× | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.10× | 1.68× | ||
| Q1 25 | — | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | 0.46× | 2.04× | ||
| Q1 24 | — | 0.12× |
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% |
TAP
Segment breakdown not available.
