CDRO vs CZR vs DKNG Stock Comparison

Codere Online Luxembourg, Caesars Entertainment and DraftKings Prices as of Oct 23, 2026 Peers: Industry group
DKNG DraftKings Inc.
$20.91 -1.6% 1M -39.7% 1Y
Market cap
$10.51B
P/E
–
Revenue (TTM)
$6.22B
Div. yield
–
Sports Betting Consumer Discretionary
4 wins

Head to Head

10 decided of 12

DraftKings leads on 4 of the 12 questions below (DraftKings 4, Codere Online Luxembourg 4, Caesars Entertainment 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDROCZRDKNGLeader
Larger companyMarket capitalisation $420.38M $5.91B $10.51B DKNG
Cheaper on earningsLower P/E, profitable companies only — -12.7x -63.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.2x — 209.1x CDRO
Faster revenue growthRevenue growth, trailing twelve months — +2.4% +15.0% DKNG
More profitableNet margin, trailing twelve months — -4.0% -2.7% DKNG
Better return on capitalReturn on invested capital — 11.1% -15.7% CZR
Less leveragedLower net debt / EBITDA — 3.3x -3.7x DKNG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +36.4% +24.8% -39.7% CDRO
Better 5-year returnAnnualised price return, 5 years -2.0%/yr -23.8%/yr -14.6%/yr CDRO
Less volatileAnnualised volatility, 1 year 31.7% 44.0% 53.1% CDRO
Higher overall scoreMean of the five percentile scores vs peers — 53/100 52/100 CZR

Percentile Scorecard

CDROCZRDKNG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDROCZRDKNG
Valuation – 88 #6 of 44 23 #34 of 44
Growth – 33 #29 of 43 93 #4 of 43
Profitability – 51 #21 of 42 29 #30 of 42
Financial Health 81 #10 of 48 38 #30 of 48 79 #11 of 48
Shareholder Returns – – 33 #19 of 28
Overall – 53 52
  • CDRO ranked among 48 companies in Gaming and Leisure
  • CZR ranked among 48 companies in Gaming and Leisure
  • DKNG ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDROCZRDKNGSPY
1 month -2.6%-2.7%-1.6% -1.0%
3 months -3.0%-3.8%-9.1% +2.9%
6 months +0.2%+2.4%-9.8% +6.4%
Year to date +12.0%+23.1%-39.3% +11.4%
1 year +36.4%+24.8%-39.7% +13.1%
3 years +215.4%-30.9%-28.4% +79.4%
3 years, per year +46.7%-11.6%-10.5% +21.5%
5 years -9.8%-74.3%-54.7% +67.7%
5 years, per year -2.0%-23.8%-14.6% +10.9%
10 years —+129.5%— +255.2%
10 years, per year —+8.7%— +13.5%

Risk

MeasureCDROCZRDKNGSPY
Volatility, 1Y 31.7%44.0%53.1% 12.7%
Downside volatility, 1Y 29.5%40.7%56.4% 12.7%
Beta vs S&P 500, 1Y 0.410.560.74 1.00
Return / volatility, 1Y 1.150.56-0.75 1.03
Max drawdown, 5Y -79.0%-83.9%-79.0% -25.4%
From 52-week high -11.9%-5.3%-42.3% -2.5%
52-week high $10.20$30.41$36.24 $779.14
52-week low $5.43$18.14$18.59 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDROCZRDKNG
P/E now vs peer median —median 17.0x -12.6xmedian 17.0x -62.2xmedian 17.0x
P/S now vs peer median —median 1.9x 0.5xmedian 1.9x 3.0xmedian 1.9x
EV/EBITDA now vs peer median —median 10.5x 5.1xmedian 10.5x 165.8xmedian 10.5x
P/FCF now vs peer median —median 11.2x 9.6xmedian 11.2x 28.6xmedian 11.2x
P/B now vs peer median 9.3xmedian 2.5x 1.7xmedian 2.5x 32.6xmedian 2.5x
PEG now vs peer median —median 0.54 0.32median 0.54 -1.27median 0.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDROCZRDKNG
Revenue – $11.65B $6.22B
Gross profit – $5.79B $2.52B
Operating income – $1.86B -$182.46M
Net income – -$450.00M -$166.90M
Free cash flow – $610.00M $650.89M
R&D – – $499.06M
EPS (diluted) – $-2.28 $-0.34
Cash & equivalents $71.43M $965.00M $983.88M
Total debt – $11.70B $2.30B
Shares (diluted) 45.89M 204.00M 496.09M
Enterprise value $149.18M $2.36B $6.17B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDROCZRDKNG
P/E – -12.6x -62.2x
P/FCF – 9.6x 28.6x
P/Operating cash flow – 4.5x 27.7x
P/S – 0.5x 3.0x
P/B 9.3x 1.7x 32.6x
P/Tangible book 9.3x -14.4x -69.4x
EV/EBITDA – 5.1x 165.8x
EV/EBIT – 8.9x -99.6x
EV/Revenue – 1.4x 2.9x
EV/FCF – 27.2x 27.9x
EV/Operating cash flow – 12.8x 27.1x
PEG (3Y EPS CAGR) – 0.32 -1.27

Growth

14 metrics
MetricCDROCZRDKNG
Revenue growth (1Y) – 2.4% 15.0%
Revenue CAGR (3Y) – 0.7% 27.5%
Gross profit growth (1Y) – -0.5% 18.2%
Gross profit CAGR (3Y) – -1.9% 31.4%
Operating income growth (1Y) – -20.2% 45.3%
Operating income CAGR (3Y) – -7.7% 45.8%
Net income growth (1Y) – -152.8% 45.2%
Net income CAGR (3Y) – -38.5% 47.7%
EPS growth (1Y) – -144.3% 41.5%
EPS CAGR (3Y) – -39.5% 48.9%
Operating cash flow growth (1Y) – 6.2% 30.6%
Operating cash flow CAGR (3Y) – -10.8% 60.4%
Free cash flow growth (1Y) – 838.5% 29.7%
Free cash flow CAGR (3Y) – -7.7% 57.4%

Profitability

14 metrics
MetricCDROCZRDKNG
Gross margin – 49.7% 40.5%
EBITDA margin – 27.9% 1.8%
Operating margin – 15.9% -2.9%
Pretax margin – -3.7% -2.8%
Net margin – -4.0% -2.7%
FCF margin – 5.2% 10.5%
Operating cash flow margin – 11.1% 10.8%
Return on equity – -11.1% -29.8%
Return on assets – -1.3% -4.1%
Return on invested capital – 11.1% -15.7%
Return on capital employed – 6.3% -6.7%
Asset turnover – 0.4x 1.4x
Cash conversion (OCF / net income) – -2.9x -4.0x
Stock comp / revenue – 0.8% 5.2%

Financial Health

11 metrics
MetricCDROCZRDKNG
Debt / assets – 36.9% 13.4%
Debt / equity – 3.3x 1.0x
Net debt / EBITDA – 3.3x -3.7x
Debt / FCF – 19.2x 0.9x
Liabilities / assets 61.1% 88.8% 86.7%
Equity / assets 38.9% 11.2% 13.3%
Interest coverage – – –
Current ratio 1.5x 0.9x 1.0x
Quick ratio 1.5x 0.6x 0.7x
Cash ratio 1.3x 0.4x 0.6x
Altman Z-score – – 2.21

Shareholder Returns

7 metrics
MetricCDROCZRDKNG
Dividend yield – – –
Net buyback yield – – 2.5%
Shareholder yield – – 2.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDROCZRDKNG
Forward P/E 27.2xFY2026 – 209.1xFY2026
EPS, next fiscal year $0.33FY2026 $-0.99FY2026 $0.10FY2026
EPS growth, next FY – – +900.0%FY2026
EPS growth, the year after +84.8% – +710.0%
Revenue, next fiscal year $306.17MFY2026 $11.37BFY2026 $6.88BFY2026
Revenue growth, next FY +16.3%FY2026 -1.0%FY2026 +13.7%FY2026
Revenue growth, the year after -4.0% +9.7% +7.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDROCZRDKNG
Held by institutions 12.2% 96.6% 82.3%
Institutions holding 20 415 689
Change in shares held, QoQ +0.4% -4.0% +5.9%
Institutions buying 10 208 307
Institutions selling 4 151 250
Buyers to sellers 2.50 1.38 1.23

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDROCZRDKNG
CDRO 1.00 0.07 0.16
CZR 0.07 1.00 0.30
DKNG 0.16 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDRO, CZR and DKNG?

DraftKings (DKNG) is the largest by market capitalisation: Codere Online Luxembourg (CDRO) $420.38M, Caesars Entertainment (CZR) $5.91B, DraftKings (DKNG) $10.51B.

Which company is growing faster?

DraftKings (DKNG) grew revenue fastest over the trailing twelve months: Caesars Entertainment (CZR) +2.4%, DraftKings (DKNG) +15.0%.

Which company is more profitable?

DraftKings (DKNG) has the highest net margin (Caesars Entertainment (CZR) -4.0%, DraftKings (DKNG) -2.7%). On return on invested capital, Caesars Entertainment (CZR) leads (Caesars Entertainment (CZR) 11.1%, DraftKings (DKNG) -15.7%).

Which stock has performed better?

Over the past year Codere Online Luxembourg (CDRO) returned the most: Codere Online Luxembourg (CDRO) +36.4%, Caesars Entertainment (CZR) +24.8%, DraftKings (DKNG) -39.7%. Over five years, Codere Online Luxembourg (CDRO) compounded fastest (Codere Online Luxembourg (CDRO) -2.0%/yr, Caesars Entertainment (CZR) -23.8%/yr, DraftKings (DKNG) -14.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Codere Online Luxembourg (CDRO) has been the steadiest (Codere Online Luxembourg (CDRO) 31.7%, Caesars Entertainment (CZR) 44.0%, DraftKings (DKNG) 53.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDRO, CZR and DKNG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, DraftKings (DKNG) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.