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MMA vs FWONK vs MSGE vs DKNG vs PENN
Revenue, margins, valuation, and 5-year total return — side by side.
Entertainment
Entertainment
Gambling, Resorts & Casinos
Gambling, Resorts & Casinos
MMA vs FWONK vs MSGE vs DKNG vs PENN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Leisure | Entertainment | Entertainment | Gambling, Resorts & Casinos | Gambling, Resorts & Casinos |
| Market Cap | $14M | $20.83B | $3.15B | $12.50B | $2.24B |
| Revenue (TTM) | $562K | $1.02B | $1.16B | $6.05B | $6.96B |
| Net Income (TTM) | $-14M | $449M | $42M | $4M | $-843M |
| Gross Margin | 71.4% | -18.4% | 31.5% | 41.3% | 30.6% |
| Operating Margin | -22.3% | -3.4% | 10.1% | -0.2% | -7.9% |
| Forward P/E | — | 57.5x | 56.8x | 99.1x | 23.0x |
| Total Debt | $259K | $0.00 | $1.20B | $1.93B | $8.38B |
| Cash & Equiv. | $4M | $1.05B | $43M | $1.60B | $687M |
MMA vs FWONK vs MSGE vs DKNG vs PENN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Mar 24 | May 26 | Return |
|---|---|---|---|
| Mixed Martial Arts … (MMA) | 100 | 13.1 | -86.9% |
| Formula One Group (FWONK) | 100 | 142.5 | +42.5% |
| Madison Square Gard… (MSGE) | 100 | 170.1 | +70.1% |
| DraftKings Inc. (DKNG) | 100 | 55.5 | -44.5% |
| PENN Entertainment,… (PENN) | 100 | 92.1 | -7.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MMA vs FWONK vs MSGE vs DKNG vs PENN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Among these 5 stocks, MMA doesn't own a clear edge in any measured category.
FWONK carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.35
- 418.1% 10Y total return vs DKNG's 157.3%
- 43.8% margin vs MMA's -25.6%
- Beta 0.35 vs MMA's 1.45
MSGE is the #2 pick in this set and the best alternative if momentum is your priority.
- +83.6% vs MMA's -33.2%
DKNG ranks third and is worth considering specifically for growth exposure and sleep-well-at-night.
- Rev growth 27.0%, EPS growth 99.2%, 3Y rev CAGR 39.3%
- Lower volatility, beta 1.12, current ratio 1.03x
- Beta 1.12, current ratio 1.03x
- 27.0% revenue growth vs FWONK's -100.0%
PENN is the clearest fit if your priority is value.
- Lower P/E (23.0x vs 56.8x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 27.0% revenue growth vs FWONK's -100.0% | |
| Value | Lower P/E (23.0x vs 56.8x) | |
| Quality / Margins | 43.8% margin vs MMA's -25.6% | |
| Stability / Safety | Beta 0.35 vs MMA's 1.45 | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +83.6% vs MMA's -33.2% | |
| Efficiency (ROA) | 42.6% ROA vs MMA's -229.6% |
MMA vs FWONK vs MSGE vs DKNG vs PENN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
MMA vs FWONK vs MSGE vs DKNG vs PENN — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MSGE leads in 2 of 6 categories
PENN leads 1 • MMA leads 0 • FWONK leads 0 • DKNG leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — FWONK and MSGE each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PENN is the larger business by revenue, generating $7.0B annually — 12379.2x MMA's $562,312. FWONK is the more profitable business, keeping 43.8% of every revenue dollar as net income compared to MMA's -25.6%. On growth, MSGE holds the edge at +59.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $562,312 | $1.0B | $1.2B | $6.1B | $7.0B |
| EBITDAEarnings before interest/tax | — | $231M | $245M | $266M | -$105M |
| Net IncomeAfter-tax profit | — | $449M | $42M | $4M | -$843M |
| Free Cash FlowCash after capex | — | $279M | $289M | $612M | -$169M |
| Gross MarginGross profit ÷ Revenue | +71.4% | -18.4% | +31.5% | +41.3% | +30.6% |
| Operating MarginEBIT ÷ Revenue | -22.3% | -3.4% | +10.1% | -0.2% | -7.9% |
| Net MarginNet income ÷ Revenue | -25.6% | +43.8% | +3.6% | +0.1% | -12.1% |
| FCF MarginFCF ÷ Revenue | -17.1% | +27.3% | +25.0% | +10.1% | -2.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | -2.6% | +59.4% | +42.8% | +8.2% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +100.0% | -123.5% | +192.9% | +37.5% |
Valuation Metrics
PENN leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, PENN's 13.8x EV/EBITDA is more attractive than DKNG's 49.4x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $14M | $20.8B | $3.2B | $12.5B | $2.2B |
| Enterprise ValueMkt cap + debt − cash | $12M | $19.8B | $4.3B | $12.8B | $9.9B |
| Trailing P/EPrice ÷ TTM EPS | -0.54x | — | 86.64x | -3113.58x | -2.88x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 57.49x | 56.83x | 99.14x | 22.95x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | 23.97x | 49.42x | 13.81x |
| Price / SalesMarket cap ÷ Revenue | 35.48x | — | 3.35x | 2.06x | 0.32x |
| Price / BookPrice ÷ Book value/share | 3.02x | — | — | 19.81x | 1.33x |
| Price / FCFMarket cap ÷ FCF | — | 22.94x | 33.88x | 19.31x | — |
Profitability & Efficiency
MSGE leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
MSGE delivers a 7.7% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-6 for MMA. MMA carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to PENN's 4.58x. On the Piotroski fundamental quality scale (0–9), DKNG scores 7/9 vs FWONK's 3/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -5.6% | — | +7.7% | +0.5% | -34.7% |
| ROA (TTM)Return on assets | -2.3% | +42.6% | +1.8% | +0.1% | -5.7% |
| ROICReturn on invested capital | — | — | +8.5% | -0.9% | +1.8% |
| ROCEReturn on capital employed | -4.6% | -0.5% | +11.0% | -0.6% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 | 6 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.10x | — | — | 3.06x | 4.58x |
| Net DebtTotal debt minus cash | -$3M | -$1.1B | $1.2B | $330M | $7.7B |
| Cash & Equiv.Liquid assets | $4M | $1.1B | $43M | $1.6B | $687M |
| Total DebtShort + long-term debt | $259,281 | $0 | $1.2B | $1.9B | $8.4B |
| Interest CoverageEBIT ÷ Interest expense | -3.87x | 3.35x | 4.43x | 1.92x | -1.02x |
Total Returns (Dividends Reinvested)
MSGE leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FWONK five years ago would be worth $21,768 today (with dividends reinvested), compared to $1,306 for MMA. Over the past 12 months, MSGE leads with a +83.6% total return vs MMA's -33.2%. The 3-year compound annual growth rate (CAGR) favors MSGE at 24.9% vs MMA's -49.3% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -50.8% | -4.7% | +22.8% | -29.3% | +12.9% |
| 1-Year ReturnPast 12 months | -33.2% | -0.1% | +83.6% | -27.3% | +6.7% |
| 3-Year ReturnCumulative with dividends | -86.9% | +30.5% | +94.8% | +4.3% | -35.3% |
| 5-Year ReturnCumulative with dividends | -86.9% | +117.7% | -26.2% | -47.9% | -80.6% |
| 10-Year ReturnCumulative with dividends | -86.9% | +418.1% | -24.6% | +157.3% | +11.9% |
| CAGR (3Y)Annualised 3-year return | -49.3% | +9.3% | +24.9% | +1.4% | -13.5% |
Risk & Volatility
Evenly matched — FWONK and MSGE each lead in 1 of 2 comparable metrics.
Risk & Volatility
FWONK is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than MMA's 1.45 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSGE currently trades 95.5% from its 52-week high vs MMA's 17.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.45x | 0.35x | 0.94x | 1.12x | 1.34x |
| 52-Week HighHighest price in past year | $3.07 | $109.36 | $69.86 | $48.78 | $20.61 |
| 52-Week LowLowest price in past year | $0.35 | $80.15 | $35.31 | $20.46 | $11.65 |
| % of 52W HighCurrent price vs 52-week peak | +17.8% | +85.5% | +95.5% | +51.7% | +81.4% |
| RSI (14)Momentum oscillator 0–100 | 48.8 | 54.6 | 67.6 | 55.1 | 55.1 |
| Avg Volume (50D)Average daily shares traded | 446K | 2.1M | 312K | 12.9M | 4.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: FWONK as "Buy", MSGE as "Buy", DKNG as "Buy", PENN as "Buy". Consensus price targets imply 46.2% upside for DKNG (target: $37) vs -0.6% for MSGE (target: $66).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $116.33 | $66.29 | $36.88 | $19.88 |
| # AnalystsCovering analysts | — | 24 | 12 | 48 | 47 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | 1 | — | — | — |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +1.3% | +6.6% | +15.8% |
MSGE leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). PENN leads in 1 (Valuation Metrics). 2 tied.
MMA vs FWONK vs MSGE vs DKNG vs PENN: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MMA or FWONK or MSGE or DKNG or PENN a better buy right now?
For growth investors, DraftKings Inc.
(DKNG) is the stronger pick with 27. 0% revenue growth year-over-year, versus -100. 0% for Formula One Group (FWONK). Madison Square Garden Entertainment Corp. (MSGE) offers the better valuation at 86. 6x trailing P/E (56. 8x forward), making it the more compelling value choice. Analysts rate Formula One Group (FWONK) a "Buy" — based on 24 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MMA or FWONK or MSGE or DKNG or PENN?
On forward P/E, PENN Entertainment, Inc.
is actually cheaper at 23. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MMA or FWONK or MSGE or DKNG or PENN?
Over the past 5 years, Formula One Group (FWONK) delivered a total return of +117.
7%, compared to -86. 9% for Mixed Martial Arts Group Limited (MMA). Over 10 years, the gap is even starker: FWONK returned +418. 1% versus MMA's -86. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MMA or FWONK or MSGE or DKNG or PENN?
By beta (market sensitivity over 5 years), Formula One Group (FWONK) is the lower-risk stock at 0.
35β versus Mixed Martial Arts Group Limited's 1. 45β — meaning MMA is approximately 310% more volatile than FWONK relative to the S&P 500. On balance sheet safety, Mixed Martial Arts Group Limited (MMA) carries a lower debt/equity ratio of 10% versus 5% for PENN Entertainment, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MMA or FWONK or MSGE or DKNG or PENN?
By revenue growth (latest reported year), DraftKings Inc.
(DKNG) is pulling ahead at 27. 0% versus -100. 0% for Formula One Group (FWONK). On earnings-per-share growth, the picture is similar: Formula One Group grew EPS 100. 0% year-over-year, compared to -184. 4% for PENN Entertainment, Inc.. Over a 3-year CAGR, DKNG leads at 39. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MMA or FWONK or MSGE or DKNG or PENN?
Formula One Group (FWONK) is the more profitable company, earning 43.
8% net margin versus -25. 6% for Mixed Martial Arts Group Limited — meaning it keeps 43. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSGE leads at 13. 0% versus -22. 3% for MMA. At the gross margin level — before operating expenses — MMA leads at 71. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MMA or FWONK or MSGE or DKNG or PENN more undervalued right now?
On forward earnings alone, PENN Entertainment, Inc.
(PENN) trades at 23. 0x forward P/E versus 99. 1x for DraftKings Inc. — 76. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DKNG: 46. 2% to $36. 88.
08Which pays a better dividend — MMA or FWONK or MSGE or DKNG or PENN?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is MMA or FWONK or MSGE or DKNG or PENN better for a retirement portfolio?
For long-horizon retirement investors, Formula One Group (FWONK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
35), +418. 1% 10Y return). Both have compounded well over 10 years (FWONK: +418. 1%, MMA: -86. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MMA and FWONK and MSGE and DKNG and PENN?
These companies operate in different sectors (MMA (Consumer Cyclical) and FWONK (Communication Services) and MSGE (Communication Services) and DKNG (Consumer Cyclical) and PENN (Consumer Cyclical)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: MMA is a small-cap quality compounder stock; FWONK is a mid-cap quality compounder stock; MSGE is a small-cap quality compounder stock; DKNG is a mid-cap high-growth stock; PENN is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 29%
- Gross Margin > 18%
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