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DraftKings vs Vail Resorts: revenue, profit, margins and growth compared

DraftKings brought in $6.1B of revenue in fiscal 2025, Vail Resorts $3B in fiscal 2025. Revenue changed by +27.0% at DraftKings and +2.7% at Vail Resorts on the year before, so DraftKings grew faster. DraftKings kept 0.1% of its revenue as net profit, Vail Resorts 9.4%. Free cash flow was $647.5M at DraftKings and $319.7M at Vail Resorts.

Side by side, latest fiscal year

DKNGMTN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (July 31, 2025)
Revenue$6.1B$3B
Revenue growth+27.0%+2.7%
Net income$3.7M$280M
Net margin0.1%9.4%
Free cash flow$647.5M$319.7M
Free cash flow margin10.7%10.8%
Earnings per share (diluted)-$0.01$7.53
Cash$1.1B$440.3M
Debtn/a$3.2B
Price to earningsn/a18.1
Market value$10.9B$4.9B
Dividend yieldn/a6.52%
Rank by revenue in sector#176 of 778 · Consumer discretionary#286 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: $6.1BMTN FY2018: $2BMTN FY2019: $2.3BMTN FY2020: $2BMTN FY2021: $1.9BMTN FY2022: $2.5BMTN FY2023: $2.9BMTN FY2024: $2.9BMTN FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
DKNG $6.1BMTN $3B
Net income
DKNG FY2020: -$1.2BDKNG FY2022: -$1.5BDKNG FY2022: -$1.4BDKNG FY2023: -$802.1MDKNG FY2024: -$507.3MDKNG FY2025: $3.7MMTN FY2018: $379.9MMTN FY2019: $301.2MMTN FY2020: $98.8MMTN FY2021: $127.9MMTN FY2022: $347.9MMTN FY2023: $265.8MMTN FY2024: $231.1MMTN FY2025: $280MFY18FY19FY20FY21FY22FY23FY24FY25
DKNG $3.7MMTN $280M
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%MTN FY2018: 18.9%MTN FY2019: 13.3%MTN FY2020: 5.0%MTN FY2021: 6.7%MTN FY2022: 13.8%MTN FY2023: 9.2%MTN FY2024: 8.0%MTN FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25
DKNG 0.1%MTN 9.4%
Revenue growth
DKNG FY2022: +110.9%DKNG FY2022: +72.9%DKNG FY2023: +63.6%DKNG FY2024: +30.1%DKNG FY2025: +27.0%MTN FY2019: +12.9%MTN FY2020: -13.6%MTN FY2021: -2.7%MTN FY2022: +32.3%MTN FY2023: +14.4%MTN FY2024: -0.1%MTN FY2025: +2.7%FY19FY20FY21FY22FY23FY24FY25
DKNG +27.0%MTN +2.7%
Free cash flow
DKNG FY2020: -$205.9MDKNG FY2022: -$435.4MDKNG FY2022: -$657.9MDKNG FY2023: -$22.7MDKNG FY2024: $407.6MDKNG FY2025: $647.5MMTN FY2018: $407.9MMTN FY2019: $442.2MMTN FY2020: $222.6MMTN FY2021: $410.2MMTN FY2022: $517.7MMTN FY2023: $322.9MMTN FY2024: $377.8MMTN FY2025: $319.7MFY18FY19FY20FY21FY22FY23FY24FY25
DKNG $647.5MMTN $319.7M

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

Questions about DraftKings and Vail Resorts

Which is bigger by revenue, DraftKings or Vail Resorts?

DraftKings is bigger by revenue: $6.1B in fiscal 2025, against $3B for Vail Resorts in fiscal 2025.

Which keeps more of its revenue as profit, DraftKings or Vail Resorts?

DraftKings had a net margin of 0.1% in fiscal 2025; Vail Resorts had 9.4% in fiscal 2025.

Which grew revenue faster, DraftKings or Vail Resorts?

In their latest fiscal years revenue changed by +27.0% at DraftKings and +2.7% at Vail Resorts.

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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