DraftKings (DKNG) FCF Margin (2021 - 2026)
DraftKings (DKNG) posted quarterly FCF Margin of 3.37% for Q1 2026, up 729.0% year-over-year from 0.41% in Q1 2025, and down 123.73% quarter-over-quarter from 14.21% in Q4 2025.
DraftKings (DKNG) FCF Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported FCF Margin for 6 consecutive years, with 3.37% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 729.0% year-over-year to 3.37%; the TTM figure through Mar 2026 stood at 9.96% (up 466.0% YoY), while the FY2025 annual figure was 8.78%, up 203.0% from the prior year.
- FCF Margin retreated to 3.37% in Q1 2026 per DKNG's latest filing, from 14.21% in the prior quarter.
- Across five years, FCF Margin topped out at 22.24% in Q3 2025 and bottomed at 87.57% in Q1 2022.
- Historically, FCF Margin has averaged 5.05% across 5 years, with a median of 0.72% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin tumbled 6566 bps — and 2023, when it soared 5886 bps.
- DraftKings' FCF Margin stood at 18.82% in 2022, then surged by 131 bps to 5.77% in 2023, then jumped by 274 bps to 21.58% in 2024, then sank by 34 bps to 14.21% in 2025, then sank by 124 bps to 3.37% in 2026.
- Business Quant data shows DKNG's FCF Margin at 3.37% in Q1 2026, 14.21% in Q4 2025, and 22.24% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 5.27% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 5.09% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 18.16% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 11.25% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 46.85% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 2.41% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 0.16% |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | 5.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.09% |
| Mar 31, 2026 | -3.37% |
| Dec 31, 2025 | 14.21% |
| Sep 30, 2025 | 22.24% |
| Jun 30, 2025 | 9.57% |
| Mar 31, 2025 | -10.67% |
| Dec 31, 2024 | 21.58% |
| Sep 30, 2024 | 9.73% |
| Jun 30, 2024 | 0.72% |
| Mar 31, 2024 | -7.92% |
| Dec 31, 2023 | 5.77% |
| Sep 30, 2023 | 20.86% |
| Jun 30, 2023 | -4.30% |
| Mar 31, 2023 | -28.70% |
| Dec 31, 2022 | -18.82% |
| Sep 30, 2022 | 12.30% |
| Jun 30, 2022 | -41.48% |
| Mar 31, 2022 | -87.57% |
| Dec 31, 2021 | -33.15% |
| Sep 30, 2021 | -38.83% |