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DraftKings Inc.（DKNG）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.6倍（$2.0B vs $1.2B），DraftKings Inc.同比增速更快（42.8% vs -2.2%），DraftKings Inc.自由现金流更多（$316.5M vs $43.0M），过去两年DraftKings Inc.的营收复合增速更高（30.1% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
DKNG vs TNET — 直观对比
营收规模更大
DKNG
是对方的1.6倍
$1.2B
营收增速更快
DKNG
高出45.0%
-2.2%
自由现金流更多
DKNG
多$273.5M
$43.0M
两年增速更快
DKNG
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $136.4M | — |
| 毛利率 | 46.0% | — |
| 营业利润率 | 7.6% | 0.1% |
| 净利率 | 6.9% | — |
| 营收同比 | 42.8% | -2.2% |
| 净利润同比 | 201.2% | — |
| 每股收益（稀释后） | $0.28 | $0.02 |
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DKNGTNET
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.2B | $1.3B |
净利润DKNGTNET
| Q4 25 | $136.4M | — | ||
| Q3 25 | $-256.8M | $34.0M | ||
| Q2 25 | $157.9M | $37.0M | ||
| Q1 25 | $-33.9M | $85.0M | ||
| Q4 24 | $-134.9M | — | ||
| Q3 24 | $-293.7M | $45.0M | ||
| Q2 24 | $63.8M | $60.0M | ||
| Q1 24 | $-142.6M | $91.0M |
毛利率DKNGTNET
| 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DKNGTNET
| Q4 25 | 7.6% | 0.1% | ||
| Q3 25 | -23.8% | 4.1% | ||
| Q2 25 | 10.0% | 4.1% | ||
| Q1 25 | -3.3% | 8.9% | ||
| Q4 24 | -10.0% | -2.9% | ||
| Q3 24 | -27.3% | 4.7% | ||
| Q2 24 | -2.9% | 6.5% | ||
| Q1 24 | -11.8% | 9.7% |
净利率DKNGTNET
| Q4 25 | 6.9% | — | ||
| Q3 25 | -22.4% | 2.8% | ||
| Q2 25 | 10.4% | 3.0% | ||
| Q1 25 | -2.4% | 6.6% | ||
| Q4 24 | -9.7% | — | ||
| Q3 24 | -26.8% | 3.6% | ||
| Q2 24 | 5.8% | 4.9% | ||
| Q1 24 | -12.1% | 7.2% |
每股收益（稀释后）DKNGTNET
| Q4 25 | $0.28 | $0.02 | ||
| Q3 25 | $-0.52 | $0.70 | ||
| Q2 25 | $0.30 | $0.77 | ||
| Q1 25 | $-0.07 | $1.71 | ||
| Q4 24 | $-0.25 | $-0.44 | ||
| Q3 24 | $-0.60 | $0.89 | ||
| Q2 24 | $0.10 | $1.20 | ||
| Q1 24 | $-0.30 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $631.5M | $54.0M |
| 总资产 | $4.5B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DKNGTNET
| Q4 25 | $1.1B | $287.0M | ||
| Q3 25 | $1.2B | $321.0M | ||
| Q2 25 | $1.3B | $407.0M | ||
| Q1 25 | $1.1B | $349.0M | ||
| Q4 24 | $788.3M | $360.0M | ||
| Q3 24 | $877.8M | $301.0M | ||
| Q2 24 | $815.9M | $249.0M | ||
| Q1 24 | $1.2B | $383.0M |
股东权益DKNGTNET
| Q4 25 | $631.5M | $54.0M | ||
| Q3 25 | $732.3M | $110.0M | ||
| Q2 25 | $1.0B | $107.0M | ||
| Q1 25 | $872.9M | $63.0M | ||
| Q4 24 | $1.0B | $69.0M | ||
| Q3 24 | $1.1B | $129.0M | ||
| Q2 24 | $1.3B | $100.0M | ||
| Q1 24 | $831.0M | $143.0M |
总资产DKNGTNET
| Q4 25 | $4.5B | $3.8B | ||
| Q3 25 | $4.6B | $3.4B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.5B | $3.8B | ||
| Q4 24 | $4.3B | $4.1B | ||
| Q3 24 | $4.3B | $3.7B | ||
| Q2 24 | $4.2B | $3.7B | ||
| Q1 24 | $3.8B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $316.5M | $43.0M |
| 自由现金流率自由现金流/营收 | 15.9% | 3.4% |
| 资本支出强度资本支出/营收 | 0.2% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流DKNGTNET
| Q4 25 | $320.5M | $61.0M | ||
| Q3 25 | $287.5M | $72.0M | ||
| Q2 25 | $173.9M | $75.0M | ||
| Q1 25 | $-119.0M | $95.0M | ||
| Q4 24 | $325.2M | $65.0M | ||
| Q3 24 | $133.6M | $84.0M | ||
| Q2 24 | $29.4M | $39.0M | ||
| Q1 24 | $-70.4M | $91.0M |
自由现金流DKNGTNET
| Q4 25 | $316.5M | $43.0M | ||
| Q3 25 | $283.0M | $55.0M | ||
| Q2 25 | $169.6M | $57.0M | ||
| Q1 25 | $-121.7M | $79.0M | ||
| Q4 24 | $323.2M | $47.0M | ||
| Q3 24 | $130.9M | $59.0M | ||
| Q2 24 | $27.0M | $22.0M | ||
| Q1 24 | $-73.4M | $73.0M |
自由现金流率DKNGTNET
| Q4 25 | 15.9% | 3.4% | ||
| Q3 25 | 24.7% | 4.5% | ||
| Q2 25 | 11.2% | 4.6% | ||
| Q1 25 | -8.6% | 6.1% | ||
| Q4 24 | 23.2% | 3.7% | ||
| Q3 24 | 11.9% | 4.8% | ||
| Q2 24 | 2.4% | 1.8% | ||
| Q1 24 | -6.2% | 5.8% |
资本支出强度DKNGTNET
| Q4 25 | 0.2% | 1.4% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.3% | 1.5% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | 0.1% | 1.4% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 0.2% | 1.4% | ||
| Q1 24 | 0.3% | 1.4% |
现金转化率DKNGTNET
| Q4 25 | 2.35× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 1.10× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 0.46× | 0.65× | ||
| Q1 24 | — | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
