COMP <GO>
WMG vs DKNG // EV/EBITDA & P/E VALUATION
Warner Music Group Corp. (NASDAQ) VS. DraftKings Inc. (NASDAQ) • 15-METRIC TALLY: WMG 8
— DKNG 4
■ METRIC PARITY
LAST: $30.62 (+0.49%) • MKT CAP: $15.94B
valuation
23.4x
LAST: $20.91 (+0.92%) • MKT CAP: $10.29B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WMG VS. DKNG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WMG | DKNG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 45.80% | 41.30% | +4.50 | WMG | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 14.30% | -1.10% | +15.40 | WMG | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 23.4x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 3.38% | 6.29% | -2.91 | DKNG | /fcf-yield <GO> |
| Operating Margin | 10.30% | -0.30% | +10.60 | WMG | /operating-margins <GO> |
| Net Profit Margin | 5.40% | 0.10% | +5.30 | WMG | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | 27.00% | -22.60 | DKNG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.40% | 0.00% | +2.40 | WMG | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.61 | 0.93 | +0.68 | WMG | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 8/9 | -2.00 | DKNG | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 57.3 | 50.1 | +7.20 | WMG | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.95 | 1.06 | -0.11 | DKNG | /macro-sensitivity <GO> |
| Forward P/E Multiple | 40.6x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $15.94B | $10.29B | $5.65B | WMG | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WMG REV | DKNG REV | WMG GROSS % | DKNG GROSS % | WMG FCF | DKNG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $6.71B | $6.05B | 45.8% | 41.3% | $539.0M | $647.5M |
| FY 2024 | $6.43B | $4.77B | 47.8% | 38.1% | $638.0M | $407.6M |
| FY 2023 | $6.04B | $3.67B | — | — | $415.3M | -$166.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WMG // BETA 0.95
DKNG // BETA 1.06