Boyd Gaming vs Draftkings
Draftkings is the larger business, with $6.05bn of revenue in fiscal 2025 against $4.09bn for Boyd Gaming (1.5 times as much). Draftkings grew faster (27.0% against 4.1%). Boyd Gaming kept more of each dollar of sales as profit: a net margin of 45.0% against 0.1%.
| Latest fiscal year | Boyd GamingBYD, 2025 | DraftkingsDKNG, 2025 |
|---|---|---|
| Revenue | $4.09bn | $6.05bn |
| Revenue growth | 4.1% | 27.0% |
| Net income | $1.84bn | $3.7m |
| Operating margin | 18.3% | — |
| Net margin | 45.0% | 0.1% |
| Return on equity | 88.0% | 0.5% |
| Free cash flow | $388m | $648m |
| Cash | $353m | $1.13bn |
| Total debt | $2.06bn | $1.86bn |
| Debt to equity | 79.0% | — |
| Dividend per share | $0.72 | — |
| Dividend yield | 1.1% | — |
| Share buybacks | $778m | $572m |
| Employees | 16,009 | — |
| Market value | $5.46bn | $10.86bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 64 (Moderate) | 39 (Weak) |
| Insider trades, 12 months | 0 buys, 11 sales | 3 buys, 17 sales |