DraftKings Inc. (DKNG) intrinsic value & 10-year financials
DraftKings Inc. (DKNG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 58.0% a year to $6.1B, with an average return on invested capital of 587.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $18.90
- Market cap
- $9.4B
- Revenue (FY2025)
- $6.1B
- Revenue growth (7-yr CAGR)
- 58.0%
- ROIC (10-yr avg)
- 587.8%
- Free cash flow (FY2025)
- $647.5M
DKNG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.1B | $3.7M | -$0.01 | $647.5M | -0.3% | 9.8% |
| FY2024 | $4.8B | -$507.3M | -$1.05 | $407.6M | -12.8% | 1753.1% |
| FY2023 | $3.7B | -$802.1M | -$1.73 | -$22.7M | -21.5% | 592.3% |
| FY2022 | $2.2B | -$1.4B | -$3.16 | -$657.9M | -67.5% | 862.3% |
| FY2021 | $1.3B | -$1.5B | -$3.78 | -$435.4M | -120.5% | 374.5% |
| FY2020 | $614.5M | -$1.2B | -$4.03 | -$205.9M | -137.2% | -65.3% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DraftKings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
DraftKings Inc. returns on capital have been average, hovering around 9.1% ROIC over the decade.
DraftKings Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DraftKings Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.33 per share.