DraftKings (DKNG) FCF Margin (2021 - 2026)
DraftKings (DKNG) recorded FCF Margin of 7.40% in Q2 2026, down 3.81 percentage points from 11.21% a year earlier but up 10.78 percentage points from the prior quarter.
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Analysis
DraftKings (DKNG) FCF Margin (2021 - 2026) Analysis & Trends
On a TTM basis, DraftKings' FCF Margin came in at 10.46% as of Jun 30, 2026, up 1.18 percentage points year-over-year; for FY2025, it was 10.69%, up 2.15 percentage points from FY2024.
- Annual FCF Margin has increased for four straight years, with a five-year change of +44.20 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 8.55% in FY2024 (+9.17 pp), -0.62% in FY2023 (+28.75 pp), -29.37% in FY2022 (+4.23 pp) and -33.60% in FY2021 (-0.09 pp).
- Quarterly FCF Margin has ranged from -87.57% in Q1 2022 to 24.74% in Q3 2025 over the past five years.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of +3.20 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 60.47 percentage points in Q1 2023, against a drop of 67.67 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -3.37% (Q1 2026), 15.91% (Q4 2025) and 24.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 11.10% |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | 7.40% |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | 8.07% |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 20.67% |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | -6.20% |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 18.25% |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 7.13% |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 10.16% |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | - |
| 10 | Churchill Downs | 5.27 Bn | 4.55 Bn | 419.00 Mn | 18.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.40% |
| Mar 31, 2026 | -3.37% |
| Dec 31, 2025 | 15.91% |
| Sep 30, 2025 | 24.74% |
| Jun 30, 2025 | 11.21% |
| Mar 31, 2025 | -8.64% |
| Dec 31, 2024 | 23.20% |
| Sep 30, 2024 | 11.95% |
| Jun 30, 2024 | 2.44% |
| Mar 31, 2024 | -6.25% |
| Dec 31, 2023 | 5.77% |
| Sep 30, 2023 | 17.11% |
| Jun 30, 2023 | -2.32% |
| Mar 31, 2023 | -27.10% |
| Dec 31, 2022 | -18.82% |
| Sep 30, 2022 | 9.32% |
| Jun 30, 2022 | -38.27% |
| Mar 31, 2022 | -87.57% |
| Dec 31, 2021 | -37.40% |
| Sep 30, 2021 | -35.63% |
API Access
DraftKings FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();