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DraftKings Inc.（DKNG）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
DraftKings Inc.的季度营收约是利氏兄弟拍卖行的1.7倍（$2.0B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 6.9%，领先2.3%），DraftKings Inc.同比增速更快（42.8% vs 5.4%），DraftKings Inc.自由现金流更多（$316.5M vs $186.5M），过去两年DraftKings Inc.的营收复合增速更高（30.1% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
DKNG vs RBA — 直观对比
营收规模更大
DKNG
是对方的1.7倍
$1.2B
营收增速更快
DKNG
高出37.4%
5.4%
净利率更高
RBA
高出2.3%
6.9%
自由现金流更多
DKNG
多$130.0M
$186.5M
两年增速更快
DKNG
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $136.4M | $109.7M |
| 毛利率 | 46.0% | — |
| 营业利润率 | 7.6% | 14.7% |
| 净利率 | 6.9% | 9.1% |
| 营收同比 | 42.8% | 5.4% |
| 净利润同比 | 201.2% | -7.4% |
| 每股收益（稀释后） | $0.28 | $0.53 |
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DKNGRBA
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
净利润DKNGRBA
| Q4 25 | $136.4M | $109.7M | ||
| Q3 25 | $-256.8M | $95.5M | ||
| Q2 25 | $157.9M | $109.8M | ||
| Q1 25 | $-33.9M | $113.4M | ||
| Q4 24 | $-134.9M | $118.5M | ||
| Q3 24 | $-293.7M | $76.1M | ||
| Q2 24 | $63.8M | $111.1M | ||
| Q1 24 | $-142.6M | $107.4M |
毛利率DKNGRBA
| 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DKNGRBA
| Q4 25 | 7.6% | 14.7% | ||
| Q3 25 | -23.8% | 14.5% | ||
| Q2 25 | 10.0% | 15.9% | ||
| Q1 25 | -3.3% | 17.1% | ||
| Q4 24 | -10.0% | 18.1% | ||
| Q3 24 | -27.3% | 15.6% | ||
| Q2 24 | -2.9% | 18.4% | ||
| Q1 24 | -11.8% | 18.7% |
净利率DKNGRBA
| Q4 25 | 6.9% | 9.1% | ||
| Q3 25 | -22.4% | 8.7% | ||
| Q2 25 | 10.4% | 9.3% | ||
| Q1 25 | -2.4% | 10.2% | ||
| Q4 24 | -9.7% | 10.4% | ||
| Q3 24 | -26.8% | 7.8% | ||
| Q2 24 | 5.8% | 10.1% | ||
| Q1 24 | -12.1% | 10.1% |
每股收益（稀释后）DKNGRBA
| Q4 25 | $0.28 | $0.53 | ||
| Q3 25 | $-0.52 | $0.43 | ||
| Q2 25 | $0.30 | $0.53 | ||
| Q1 25 | $-0.07 | $0.55 | ||
| Q4 24 | $-0.25 | $0.58 | ||
| Q3 24 | $-0.60 | $0.36 | ||
| Q2 24 | $0.10 | $0.54 | ||
| Q1 24 | $-0.30 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $631.5M | $5.6B |
| 总资产 | $4.5B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DKNGRBA
| Q4 25 | $1.1B | $531.5M | ||
| Q3 25 | $1.2B | $674.7M | ||
| Q2 25 | $1.3B | $710.2M | ||
| Q1 25 | $1.1B | $578.1M | ||
| Q4 24 | $788.3M | $533.9M | ||
| Q3 24 | $877.8M | $650.7M | ||
| Q2 24 | $815.9M | $599.5M | ||
| Q1 24 | $1.2B | $462.8M |
总债务DKNGRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益DKNGRBA
| Q4 25 | $631.5M | $5.6B | ||
| Q3 25 | $732.3M | $5.5B | ||
| Q2 25 | $1.0B | $5.5B | ||
| Q1 25 | $872.9M | $5.3B | ||
| Q4 24 | $1.0B | $5.2B | ||
| Q3 24 | $1.1B | $5.2B | ||
| Q2 24 | $1.3B | $5.2B | ||
| Q1 24 | $831.0M | $5.1B |
总资产DKNGRBA
| Q4 25 | $4.5B | $12.1B | ||
| Q3 25 | $4.6B | $12.2B | ||
| Q2 25 | $4.5B | $12.2B | ||
| Q1 25 | $4.5B | $11.9B | ||
| Q4 24 | $4.3B | $11.8B | ||
| Q3 24 | $4.3B | $11.9B | ||
| Q2 24 | $4.2B | $12.1B | ||
| Q1 24 | $3.8B | $12.0B |
负债/权益比DKNGRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $316.5M | $186.5M |
| 自由现金流率自由现金流/营收 | 15.9% | 15.5% |
| 资本支出强度资本支出/营收 | 0.2% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.35× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流DKNGRBA
| Q4 25 | $320.5M | $255.2M | ||
| Q3 25 | $287.5M | $239.7M | ||
| Q2 25 | $173.9M | $326.5M | ||
| Q1 25 | $-119.0M | $156.8M | ||
| Q4 24 | $325.2M | $184.5M | ||
| Q3 24 | $133.6M | $285.4M | ||
| Q2 24 | $29.4M | $337.3M | ||
| Q1 24 | $-70.4M | $124.8M |
自由现金流DKNGRBA
| Q4 25 | $316.5M | $186.5M | ||
| Q3 25 | $283.0M | $188.5M | ||
| Q2 25 | $169.6M | $241.7M | ||
| Q1 25 | $-121.7M | $102.5M | ||
| Q4 24 | $323.2M | $127.9M | ||
| Q3 24 | $130.9M | $248.5M | ||
| Q2 24 | $27.0M | $308.6M | ||
| Q1 24 | $-73.4M | $79.6M |
自由现金流率DKNGRBA
| Q4 25 | 15.9% | 15.5% | ||
| Q3 25 | 24.7% | 17.3% | ||
| Q2 25 | 11.2% | 20.4% | ||
| Q1 25 | -8.6% | 9.2% | ||
| Q4 24 | 23.2% | 11.2% | ||
| Q3 24 | 11.9% | 25.3% | ||
| Q2 24 | 2.4% | 28.2% | ||
| Q1 24 | -6.2% | 7.5% |
资本支出强度DKNGRBA
| Q4 25 | 0.2% | 5.7% | ||
| Q3 25 | 0.4% | 4.7% | ||
| Q2 25 | 0.3% | 7.2% | ||
| Q1 25 | 0.2% | 4.9% | ||
| Q4 24 | 0.1% | 5.0% | ||
| Q3 24 | 0.2% | 3.8% | ||
| Q2 24 | 0.2% | 2.6% | ||
| Q1 24 | 0.3% | 4.2% |
现金转化率DKNGRBA
| Q4 25 | 2.35× | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 1.10× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | 0.46× | 3.04× | ||
| Q1 24 | — | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
