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DraftKings Inc.（DKNG）与GOLDEN ENTERTAINMENT, INC.（GDEN）财务数据对比。点击上方公司名可切换其他公司
DraftKings Inc.的季度营收约是GOLDEN ENTERTAINMENT, INC.的12.8倍（$2.0B vs $155.6M）。DraftKings Inc.净利率更高（6.9% vs -5.5%，领先12.3%）。DraftKings Inc.同比增速更快（42.8% vs -5.2%）。DraftKings Inc.自由现金流更多（$316.5M vs $-4.4M）。过去两年DraftKings Inc.的营收复合增速更高（30.1% vs -5.4%）
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。
黄金娱乐公司是一家总部位于内华达州恩特普赖斯的美国博彩企业，成立于2015年，由黄金博彩与莱克斯娱乐合并而来。该公司目前在内华达南部运营8家度假赌场，同时也是内华达州规模最大的酒馆运营商，2017年10月曾以8.5亿美元完成对美国赌场娱乐地产公司的收购。
DKNG vs GDEN — 直观对比
营收规模更大
DKNG
是对方的12.8倍
$155.6M
营收增速更快
DKNG
高出48.0%
-5.2%
净利率更高
DKNG
高出12.3%
-5.5%
自由现金流更多
DKNG
多$320.9M
$-4.4M
两年增速更快
DKNG
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $155.6M |
| 净利润 | $136.4M | $-8.5M |
| 毛利率 | 46.0% | 92.5% |
| 营业利润率 | 7.6% | -1.5% |
| 净利率 | 6.9% | -5.5% |
| 营收同比 | 42.8% | -5.2% |
| 净利润同比 | 201.2% | -386.0% |
| 每股收益（稀释后） | $0.28 | $-0.31 |
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DKNGGDEN
| Q4 25 | $2.0B | $155.6M | ||
| Q3 25 | $1.1B | $154.8M | ||
| Q2 25 | $1.5B | $163.6M | ||
| Q1 25 | $1.4B | $160.8M | ||
| Q4 24 | $1.4B | $164.2M | ||
| Q3 24 | $1.1B | $161.2M | ||
| Q2 24 | $1.1B | $167.3M | ||
| Q1 24 | $1.2B | $174.0M |
净利润DKNGGDEN
| Q4 25 | $136.4M | $-8.5M | ||
| Q3 25 | $-256.8M | $-4.7M | ||
| Q2 25 | $157.9M | $4.6M | ||
| Q1 25 | $-33.9M | $2.5M | ||
| Q4 24 | $-134.9M | $3.0M | ||
| Q3 24 | $-293.7M | $5.2M | ||
| Q2 24 | $63.8M | $623.0K | ||
| Q1 24 | $-142.6M | $42.0M |
毛利率DKNGGDEN
| Q4 25 | 46.0% | 92.5% | ||
| Q3 25 | 31.5% | 92.8% | ||
| Q2 25 | 43.5% | 93.1% | ||
| Q1 25 | 40.1% | 92.7% | ||
| Q4 24 | 40.1% | 96.3% | ||
| Q3 24 | 32.2% | 93.0% | ||
| Q2 24 | 39.9% | 93.2% | ||
| Q1 24 | 39.6% | 89.9% |
营业利润率DKNGGDEN
| Q4 25 | 7.6% | -1.5% | ||
| Q3 25 | -23.8% | 0.6% | ||
| Q2 25 | 10.0% | 7.3% | ||
| Q1 25 | -3.3% | 6.9% | ||
| Q4 24 | -10.0% | 7.1% | ||
| Q3 24 | -27.3% | 4.2% | ||
| Q2 24 | -2.9% | 8.1% | ||
| Q1 24 | -11.8% | 46.0% |
净利率DKNGGDEN
| Q4 25 | 6.9% | -5.5% | ||
| Q3 25 | -22.4% | -3.0% | ||
| Q2 25 | 10.4% | 2.8% | ||
| Q1 25 | -2.4% | 1.6% | ||
| Q4 24 | -9.7% | 1.8% | ||
| Q3 24 | -26.8% | 3.2% | ||
| Q2 24 | 5.8% | 0.4% | ||
| Q1 24 | -12.1% | 24.1% |
每股收益（稀释后）DKNGGDEN
| Q4 25 | $0.28 | $-0.31 | ||
| Q3 25 | $-0.52 | $-0.18 | ||
| Q2 25 | $0.30 | $0.17 | ||
| Q1 25 | $-0.07 | $0.09 | ||
| Q4 24 | $-0.25 | $0.14 | ||
| Q3 24 | $-0.60 | $0.18 | ||
| Q2 24 | $0.10 | $0.02 | ||
| Q1 24 | $-0.30 | $1.37 |
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 | $55.3M |
| 总债务越低越好 | — | $426.6M |
| 股东权益账面价值 | $631.5M | $420.9M |
| 总资产 | $4.5B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资DKNGGDEN
| Q4 25 | $1.1B | $55.3M | ||
| Q3 25 | $1.2B | $58.3M | ||
| Q2 25 | $1.3B | $52.3M | ||
| Q1 25 | $1.1B | $50.5M | ||
| Q4 24 | $788.3M | $57.7M | ||
| Q3 24 | $877.8M | $68.6M | ||
| Q2 24 | $815.9M | $88.6M | ||
| Q1 24 | $1.2B | $404.3M |
总债务DKNGGDEN
| Q4 25 | — | $426.6M | ||
| Q3 25 | — | $417.3M | ||
| Q2 25 | — | $423.3M | ||
| Q1 25 | — | $399.3M | ||
| Q4 24 | — | $405.3M | ||
| Q3 24 | — | $386.3M | ||
| Q2 24 | — | $388.2M | ||
| Q1 24 | — | $660.9M |
股东权益DKNGGDEN
| Q4 25 | $631.5M | $420.9M | ||
| Q3 25 | $732.3M | $434.2M | ||
| Q2 25 | $1.0B | $443.3M | ||
| Q1 25 | $872.9M | $462.0M | ||
| Q4 24 | $1.0B | $474.2M | ||
| Q3 24 | $1.1B | $513.1M | ||
| Q2 24 | $1.3B | $539.0M | ||
| Q1 24 | $831.0M | $569.6M |
总资产DKNGGDEN
| Q4 25 | $4.5B | $1.0B | ||
| Q3 25 | $4.6B | $1.0B | ||
| Q2 25 | $4.5B | $1.0B | ||
| Q1 25 | $4.5B | $1.1B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.3B | $1.1B | ||
| Q2 24 | $4.2B | $1.2B | ||
| Q1 24 | $3.8B | $1.5B |
负债/权益比DKNGGDEN
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.75× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 1.16× |
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 | $10.2M |
| 自由现金流经营现金流 - 资本支出 | $316.5M | $-4.4M |
| 自由现金流率自由现金流/营收 | 15.9% | -2.8% |
| 资本支出强度资本支出/营收 | 0.2% | 9.4% |
| 现金转化率经营现金流/净利润 | 2.35× | — |
| 过去12个月自由现金流最近4个季度 | $647.5M | $35.6M |
8季度趋势，按日历期对齐
经营现金流DKNGGDEN
| Q4 25 | $320.5M | $10.2M | ||
| Q3 25 | $287.5M | $26.9M | ||
| Q2 25 | $173.9M | $17.4M | ||
| Q1 25 | $-119.0M | $28.6M | ||
| Q4 24 | $325.2M | $22.5M | ||
| Q3 24 | $133.6M | $22.5M | ||
| Q2 24 | $29.4M | $21.5M | ||
| Q1 24 | $-70.4M | $25.8M |
自由现金流DKNGGDEN
| Q4 25 | $316.5M | $-4.4M | ||
| Q3 25 | $283.0M | $19.3M | ||
| Q2 25 | $169.6M | $4.0M | ||
| Q1 25 | $-121.7M | $16.6M | ||
| Q4 24 | $323.2M | $14.3M | ||
| Q3 24 | $130.9M | $14.7M | ||
| Q2 24 | $27.0M | $3.9M | ||
| Q1 24 | $-73.4M | $9.5M |
自由现金流率DKNGGDEN
| Q4 25 | 15.9% | -2.8% | ||
| Q3 25 | 24.7% | 12.5% | ||
| Q2 25 | 11.2% | 2.4% | ||
| Q1 25 | -8.6% | 10.4% | ||
| Q4 24 | 23.2% | 8.7% | ||
| Q3 24 | 11.9% | 9.1% | ||
| Q2 24 | 2.4% | 2.3% | ||
| Q1 24 | -6.2% | 5.5% |
资本支出强度DKNGGDEN
| Q4 25 | 0.2% | 9.4% | ||
| Q3 25 | 0.4% | 4.9% | ||
| Q2 25 | 0.3% | 8.2% | ||
| Q1 25 | 0.2% | 7.4% | ||
| Q4 24 | 0.1% | 5.0% | ||
| Q3 24 | 0.2% | 4.9% | ||
| Q2 24 | 0.2% | 10.5% | ||
| Q1 24 | 0.3% | 9.3% |
现金转化率DKNGGDEN
| Q4 25 | 2.35× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.10× | 3.76× | ||
| Q1 25 | — | 11.43× | ||
| Q4 24 | — | 7.57× | ||
| Q3 24 | — | 4.36× | ||
| Q2 24 | 0.46× | 34.51× | ||
| Q1 24 | — | 0.61× |
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% |
GDEN
| Nevada Casino Resorts | $90.2M | 58% |
| Nevada Locals Casinos | $37.4M | 24% |
| Nevada Taverns | $27.7M | 18% |
