Last 29 quarters of trend data · Consumer Cyclical · Gambling, Resorts & Casinos
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
DraftKings Inc.'s quarterly P/E stands at 33.1x.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -3113.58 | 33.13 | — | 35.74 | — | — | — | 73.40 | — | — | — | — | — |
| — | — | — | -51.3% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.06 | 2.30 | 4.33 | 3.75 | 2.91 | 3.26 | 4.35 | 4.14 | 4.58 | 3.35 | 4.33 | 3.51 | 2.86 |
| — | -29.3% | -0.5% | -9.4% | -36.6% | -2.8% | +0.4% | +18.0% | +60.1% | +123.4% | +28.1% | +28.4% | -40.3% | |
| P/B Ratio | 19.81 | 29.03 | 27.04 | 22.49 | 18.77 | 17.96 | 17.71 | 14.09 | 25.91 | 19.64 | 17.07 | 12.06 | 8.66 |
| — | +61.6% | +52.7% | +59.6% | -27.6% | -8.5% | +3.7% | +16.8% | +199.4% | +406.1% | +261.0% | +317.2% | +49.9% | |
| P/FCF | 19.31 | 14.48 | 19.97 | 33.48 | — | 14.04 | 46.82 | 169.60 | — | 58.06 | 32.45 | — | — |
| — | +3.1% | -57.3% | -80.3% | — | -75.8% | +44.3% | — | — | — | -44.2% | — | — | |
| EV / EBITDA | 49.42 | 20.10 | — | 27.04 | 180.59 | — | — | 160.97 | — | 363.86 | — | — | — |
| — | — | — | -83.2% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 29.51 | — | 32.16 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
DraftKings Inc.'s operating margin was 7.9% in Q4 2025, up 31.7 pp QoQ and up 17.9 pp YoY. The trailing four-quarter average of -2.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 14.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.3% | 46.0% | 31.5% | 43.5% | 40.1% | 40.1% | 32.2% | 39.9% | 39.6% | 41.8% | 31.2% | 41.7% | 32.2% |
| — | +14.7% | -2.4% | +8.9% | +1.4% | -4.1% | +3.3% | -4.2% | +22.8% | -3.4% | +21.2% | +26.6% | +29.4% | |
| Operating Margin | -0.3% | 7.9% | -23.8% | 10.0% | -3.3% | -10.0% | -27.3% | -2.9% | -11.8% | -3.6% | -36.3% | -7.9% | -50.6% |
| — | +179.5% | +12.8% | +439.6% | +72.2% | -180.8% | +24.9% | +62.8% | +76.7% | +86.9% | +60.0% | +88.1% | +59.0% | |
| Net Margin | 0.1% | 6.9% | -22.4% | 10.4% | -2.4% | -9.7% | -26.8% | 5.8% | -12.1% | -3.6% | -35.8% | -8.8% | -51.6% |
| — | +170.8% | +16.3% | +80.7% | +80.2% | -167.1% | +25.2% | +165.4% | +76.5% | +87.2% | +60.1% | +81.0% | +54.0% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 20.0% | -29.5% | 16.8% | -3.6% | -12.9% | -24.7% | 6.0% | -17.1% | -5.4% | -31.1% | -7.6% | -33.9% |
| — | +254.8% | -19.2% | +179.9% | +78.9% | -137.8% | +20.5% | +179.0% | +49.7% | +69.1% | -10.5% | +45.0% | -11.2% | |
| ROA | 0.1% | 3.0% | -5.6% | 3.5% | -0.8% | -3.2% | -6.9% | 1.6% | -3.7% | -1.1% | -7.6% | -2.1% | -10.2% |
| — | +194.6% | +18.4% | +120.7% | +79.1% | -175.7% | +8.8% | +175.7% | +63.9% | +80.6% | +29.8% | +61.7% | +14.7% | |
| ROIC | -0.9% | 10.0% | -13.3% | 6.8% | -2.2% | -6.7% | -13.3% | -1.7% | -11.0% | -3.4% | -19.0% | -4.2% | -22.6% |
| — | +248.4% | +0.0% | +492.5% | +80.4% | -99.7% | +30.2% | +58.6% | +51.4% | +73.6% | +17.2% | +77.3% | +48.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
DraftKings Inc.'s Debt/EBITDA ratio is 8.3x — elevated, raising questions about debt serviceability. The current ratio has improved 11.6% YoY to 1.03x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.06 | 3.06 | 2.60 | 1.89 | 2.20 | 1.32 | 1.25 | 1.04 | 1.62 | 1.60 | 1.67 | 1.30 | 1.30 |
| — | +131.9% | +108.7% | +82.7% | +35.9% | -17.5% | -25.5% | -20.1% | +24.6% | +59.9% | +80.4% | +71.4% | +36.7% | |
| Debt / EBITDA | 7.45 | 8.33 | — | 8.84 | 80.68 | — | — | 46.00 | — | 118.19 | — | — | — |
| — | — | — | -80.8% | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.03 | 1.03 | 1.09 | 1.34 | 1.20 | 0.93 | 1.00 | 1.11 | 1.34 | 1.34 | 1.29 | 1.60 | 1.47 |
| — | +11.6% | +9.7% | +20.8% | -10.6% | -30.7% | -22.5% | -30.5% | -8.3% | -20.1% | -24.5% | -31.3% | -44.2% | |
| Quick Ratio | 1.03 | 1.03 | 1.09 | 1.34 | 1.20 | 0.93 | 1.00 | 1.11 | 1.34 | 1.34 | 1.29 | 1.60 | 1.47 |
| — | +11.6% | +9.7% | +20.8% | -10.6% | -30.7% | -22.5% | -30.5% | -8.3% | -20.1% | -24.5% | -31.3% | -44.2% | |
| Interest Coverage | -0.79 | 29.13 | -11.50 | 15.60 | -6.74 | -190.49 | -337.15 | -13.03 | -219.72 | -53.49 | -419.60 | -113.56 | -603.06 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 29 years · Updated daily
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DraftKings Inc.'s current P/E is -3113.6x. The average P/E over the last 2 quarters is 34.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
DraftKings Inc.'s current operating margin is -0.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking DraftKings Inc.'s business trajectory between earnings reports.