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DraftKings Inc.（DKNG）与Expand Energy（EXE）财务数据对比。点击上方公司名可切换其他公司
Expand Energy的季度营收约是DraftKings Inc.的1.6倍（$3.3B vs $2.0B），Expand Energy净利率更高（16.9% vs 6.9%，领先10.0%），Expand Energy同比增速更快（63.5% vs 42.8%），DraftKings Inc.自由现金流更多（$316.5M vs $215.0M），过去两年DraftKings Inc.的营收复合增速更高（30.1% vs 29.6%）
DraftKings Inc.是总部位于美国马萨诸塞州波士顿的博彩企业，主要提供体育博彩、每日范特西体育相关服务，是全球线上博彩娱乐赛道的知名企业，业务覆盖多个国家和地区的合规消费市场。
Expand Energy是按净日产量统计的美国最大独立天然气生产商，总部位于俄克拉荷马城，运营范围覆盖宾夕法尼亚州、西弗吉尼亚州境内马塞勒斯地层的阿巴拉契亚盆地，以及路易斯安那州西北部的海恩斯维尔页岩区块。
DKNG vs EXE — 直观对比
营收规模更大
EXE
是对方的1.6倍
$2.0B
营收增速更快
EXE
高出20.7%
42.8%
净利率更高
EXE
高出10.0%
6.9%
自由现金流更多
DKNG
多$101.5M
$215.0M
两年增速更快
DKNG
近两年复合增速
29.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.3B |
| 净利润 | $136.4M | $553.0M |
| 毛利率 | 46.0% | — |
| 营业利润率 | 7.6% | 22.8% |
| 净利率 | 6.9% | 16.9% |
| 营收同比 | 42.8% | 63.5% |
| 净利润同比 | 201.2% | 238.6% |
| 每股收益（稀释后） | $0.28 | $2.33 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DKNGEXE
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $1.1B | $3.0B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.1B | $648.0M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | $1.1B |
净利润DKNGEXE
| Q4 25 | $136.4M | $553.0M | ||
| Q3 25 | $-256.8M | $547.0M | ||
| Q2 25 | $157.9M | $968.0M | ||
| Q1 25 | $-33.9M | $-249.0M | ||
| Q4 24 | $-134.9M | $-399.0M | ||
| Q3 24 | $-293.7M | $-114.0M | ||
| Q2 24 | $63.8M | — | ||
| Q1 24 | $-142.6M | $26.0M |
毛利率DKNGEXE
| 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 24 | 39.6% | — |
营业利润率DKNGEXE
| Q4 25 | 7.6% | 22.8% | ||
| Q3 25 | -23.8% | 24.4% | ||
| Q2 25 | 10.0% | 34.4% | ||
| Q1 25 | -3.3% | -12.2% | ||
| Q4 24 | -10.0% | -19.3% | ||
| Q3 24 | -27.3% | -23.9% | ||
| Q2 24 | -2.9% | — | ||
| Q1 24 | -11.8% | 3.0% |
净利率DKNGEXE
| Q4 25 | 6.9% | 16.9% | ||
| Q3 25 | -22.4% | 18.4% | ||
| Q2 25 | 10.4% | 26.2% | ||
| Q1 25 | -2.4% | -11.3% | ||
| Q4 24 | -9.7% | -19.9% | ||
| Q3 24 | -26.8% | -17.6% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -12.1% | 2.4% |
每股收益（稀释后）DKNGEXE
| Q4 25 | $0.28 | $2.33 | ||
| Q3 25 | $-0.52 | $2.28 | ||
| Q2 25 | $0.30 | $4.02 | ||
| Q1 25 | $-0.07 | $-1.06 | ||
| Q4 24 | $-0.25 | $-2.15 | ||
| Q3 24 | $-0.60 | $-0.85 | ||
| Q2 24 | $0.10 | — | ||
| Q1 24 | $-0.30 | $0.18 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $616.0M |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $631.5M | $18.6B |
| 总资产 | $4.5B | $28.3B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资DKNGEXE
| Q4 25 | $1.1B | $616.0M | ||
| Q3 25 | $1.2B | $613.0M | ||
| Q2 25 | $1.3B | $731.0M | ||
| Q1 25 | $1.1B | $349.0M | ||
| Q4 24 | $788.3M | $317.0M | ||
| Q3 24 | $877.8M | $1.0B | ||
| Q2 24 | $815.9M | — | ||
| Q1 24 | $1.2B | $1.2B |
总债务DKNGEXE
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DKNGEXE
| Q4 25 | $631.5M | $18.6B | ||
| Q3 25 | $732.3M | $18.1B | ||
| Q2 25 | $1.0B | $17.9B | ||
| Q1 25 | $872.9M | $17.2B | ||
| Q4 24 | $1.0B | $17.6B | ||
| Q3 24 | $1.1B | $10.2B | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $831.0M | $10.7B |
总资产DKNGEXE
| Q4 25 | $4.5B | $28.3B | ||
| Q3 25 | $4.6B | $27.6B | ||
| Q2 25 | $4.5B | $27.8B | ||
| Q1 25 | $4.5B | $27.9B | ||
| Q4 24 | $4.3B | $27.9B | ||
| Q3 24 | $4.3B | $13.4B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.8B | $14.0B |
负债/权益比DKNGEXE
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $320.5M | $956.0M |
| 自由现金流经营现金流 - 资本支出 | $316.5M | $215.0M |
| 自由现金流率自由现金流/营收 | 15.9% | 6.6% |
| 资本支出强度资本支出/营收 | 0.2% | 22.6% |
| 现金转化率经营现金流/净利润 | 2.35× | 1.73× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $1.8B |
8季度趋势，按日历期对齐
经营现金流DKNGEXE
| Q4 25 | $320.5M | $956.0M | ||
| Q3 25 | $287.5M | $1.2B | ||
| Q2 25 | $173.9M | $1.3B | ||
| Q1 25 | $-119.0M | $1.1B | ||
| Q4 24 | $325.2M | $382.0M | ||
| Q3 24 | $133.6M | $422.0M | ||
| Q2 24 | $29.4M | — | ||
| Q1 24 | $-70.4M | $552.0M |
自由现金流DKNGEXE
| Q4 25 | $316.5M | $215.0M | ||
| Q3 25 | $283.0M | $426.0M | ||
| Q2 25 | $169.6M | $665.0M | ||
| Q1 25 | $-121.7M | $533.0M | ||
| Q4 24 | $323.2M | $-154.0M | ||
| Q3 24 | $130.9M | $124.0M | ||
| Q2 24 | $27.0M | — | ||
| Q1 24 | $-73.4M | $131.0M |
自由现金流率DKNGEXE
| Q4 25 | 15.9% | 6.6% | ||
| Q3 25 | 24.7% | 14.4% | ||
| Q2 25 | 11.2% | 18.0% | ||
| Q1 25 | -8.6% | 24.3% | ||
| Q4 24 | 23.2% | -7.7% | ||
| Q3 24 | 11.9% | 19.1% | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | -6.2% | 12.1% |
资本支出强度DKNGEXE
| Q4 25 | 0.2% | 22.6% | ||
| Q3 25 | 0.4% | 26.1% | ||
| Q2 25 | 0.3% | 17.8% | ||
| Q1 25 | 0.2% | 25.6% | ||
| Q4 24 | 0.1% | 26.8% | ||
| Q3 24 | 0.2% | 46.0% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | 38.9% |
现金转化率DKNGEXE
| Q4 25 | 2.35× | 1.73× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 1.10× | 1.37× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | — | 21.23× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DKNG
| Sportsbook | $1.4B | 68% |
| I Gaming | $500.2M | 25% |
| Other | $137.9M | 7% |
EXE
| Oil And Gas | $2.3B | 70% |
| Natural Gas Marketing Sales | $734.0M | 22% |
| Natural Gas Liquids Sales | $174.0M | 5% |
| Natural Gas Liquids Marketing Sales | $34.0M | 1% |
| Oil Marketing Sales | $31.0M | 1% |
