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DraftKings vs Madison Square Garden Sports: revenue, profit, margins and growth compared

DraftKings brought in $6.1B of revenue in fiscal 2025, Madison Square Garden Sports $1.2B in fiscal 2026. Revenue changed by +27.0% at DraftKings and +11.0% at Madison Square Garden Sports on the year before, so DraftKings grew faster. DraftKings kept 0.1% of its revenue as net profit, Madison Square Garden Sports 0.7%. Free cash flow was $647.5M at DraftKings and $61.3M at Madison Square Garden Sports.

Side by side, latest fiscal year

DKNGMSGS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$6.1B$1.2B
Revenue growth+27.0%+11.0%
Net income$3.7M$7.8M
Net margin0.1%0.7%
Free cash flow$647.5M$61.3M
Free cash flow margin10.7%5.3%
Earnings per share (diluted)-$0.01$0.32
Cash$1.1B$164.5M
Debtn/a$242M
Price to earningsn/a1258.9
Market value$10.9B$9.7B
Dividend yieldn/a1.74%
Rank by revenue in sector#176 of 778 · Consumer discretionary#441 of 778 · Consumer discretionary

Over the years

Revenue
DKNG FY2020: $614.5MDKNG FY2022: $1.3BDKNG FY2022: $2.2BDKNG FY2023: $3.7BDKNG FY2024: $4.8BDKNG FY2025: $6.1BMSGS FY2019: $1.6BMSGS FY2020: $603.3MMSGS FY2021: $415.7MMSGS FY2022: $821.4MMSGS FY2023: $887.4MMSGS FY2024: $1BMSGS FY2025: $1BMSGS FY2026: $1.2BFY19FY20FY21FY22FY23FY24FY25FY26
DKNG $6.1BMSGS $1.2B
Net income
DKNG FY2020: -$1.2BDKNG FY2022: -$1.5BDKNG FY2022: -$1.4BDKNG FY2023: -$802.1MDKNG FY2024: -$507.3MDKNG FY2025: $3.7MMSGS FY2019: $11.4MMSGS FY2020: -$182.4MMSGS FY2021: -$14MMSGS FY2022: $51.1MMSGS FY2023: $47.8MMSGS FY2024: $58.8MMSGS FY2025: -$22.4MMSGS FY2026: $7.8MFY19FY20FY21FY22FY23FY24FY25FY26
DKNG $3.7MMSGS $7.8M
Net margin
DKNG FY2020: -200.5%DKNG FY2022: -117.5%DKNG FY2022: -61.5%DKNG FY2023: -21.9%DKNG FY2024: -10.6%DKNG FY2025: 0.1%MSGS FY2019: 0.7%MSGS FY2020: -30.2%MSGS FY2021: -3.4%MSGS FY2022: 6.2%MSGS FY2023: 5.4%MSGS FY2024: 5.7%MSGS FY2025: -2.2%MSGS FY2026: 0.7%FY19FY20FY21FY22FY23FY24FY25FY26
DKNG 0.1%MSGS 0.7%
Revenue growth
DKNG FY2022: +110.9%DKNG FY2022: +72.9%DKNG FY2023: +63.6%DKNG FY2024: +30.1%DKNG FY2025: +27.0%MSGS FY2020: -63.0%MSGS FY2021: -31.1%MSGS FY2022: +97.6%MSGS FY2023: +8.0%MSGS FY2024: +15.7%MSGS FY2025: +1.2%MSGS FY2026: +11.0%FY20FY21FY22FY23FY24FY25FY26
DKNG +27.0%MSGS +11.0%
Free cash flow
DKNG FY2020: -$205.9MDKNG FY2022: -$435.4MDKNG FY2022: -$657.9MDKNG FY2023: -$22.7MDKNG FY2024: $407.6MDKNG FY2025: $647.5MMSGS FY2019: -$27.6MMSGS FY2020: -$358.9MMSGS FY2021: -$35.8MMSGS FY2022: $177.1MMSGS FY2023: $151.3MMSGS FY2024: $90.7MMSGS FY2025: $88MMSGS FY2026: $61.3MFY19FY20FY21FY22FY23FY24FY25FY26
DKNG $647.5MMSGS $61.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about DraftKings and Madison Square Garden Sports

Which is bigger by revenue, DraftKings or Madison Square Garden Sports?

DraftKings is bigger by revenue: $6.1B in fiscal 2025, against $1.2B for Madison Square Garden Sports in fiscal 2026.

Which keeps more of its revenue as profit, DraftKings or Madison Square Garden Sports?

DraftKings had a net margin of 0.1% in fiscal 2025; Madison Square Garden Sports had 0.7% in fiscal 2026.

Which grew revenue faster, DraftKings or Madison Square Garden Sports?

In their latest fiscal years revenue changed by +27.0% at DraftKings and +11.0% at Madison Square Garden Sports.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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