FLUT Consumer Cyclical

Flutter Entertainment plc

$83.74-4.47%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Consumer Cyclical
Industry: Gambling
Country: United States
Market cap: 14.5B USD
Enterprise value: 23.5B USD
Full-time employees: 28,518

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.63), less short-term liquidity (current ratio 0.89 vs a peer median of 1.48) and more debt relative to equity (1.37× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.14 vs peers 0.63), less liquidity (current ratio 0.89 vs peers 1.48) and more debt vs equity (1.37× vs peers 0.46×)

Ranks #1,295 of 1,502 consumer cyclical companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
Flutter Entertainment made a loss per share in its latest year after a profit the year before.
Valuation signals disagree. Cheaper than 64% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Flutter Entertainment looks cheaper than 64% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 84% of peers, at an operating loss.
Revenue grew faster than 84% of peers, but the business runs at an operating loss (margin -3.7%).
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2.0B in 2018 to $16.4B in 2025.
Flutter Entertainment's fiscal-year revenue rose in each of the five years to 2025, from $2.0B to $16.4B.

StockQuotient Score

29/ 100

Oct 5 29 → Nov 4 29

Valuation

Is the price right?

23/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 24 → 23

Share price +7.0%-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.0%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield4.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.01Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield8.5%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.44Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield60.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

68/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.14Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth20.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 2.49Sector median: 0.0425 · MAD: 0.0636

Revenue growth15.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.76Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 3.1 points to -3.7%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-3.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.19Sector median: 0.0638 · MAD: 0.0461

Return on assets-3.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.51Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-2.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.66Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin42.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-9.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.14

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.69Sector median: 0.6345 · MAD: 0.2980

Current ratio0.89×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.06Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.37×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.54Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Flutter Entertainment

Is Flutter Entertainment getting weaker?: Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 3.1 points to -3.7%. Its overall score is unchanged at 29/100 since Oct 28, 2026.
How is Flutter Entertainment valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 23/100 against 1,612 consumer cyclical peers. Free cash flow yield 8.5% vs a peer median of 6.1% (stronger than 64% of peers).Free cash flow yield 8.5% vs peers 6.1% (stronger than 64% of peers). Earnings yield -6.0% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -6.0% vs peers 4.4% (weaker than 100% of peers).
Is Flutter Entertainment growing?: Yes, faster than most of its peers. Growth scores 68/100 against 1,612 consumer cyclical peers. 3-year revenue growth 20.1% vs a peer median of 4.3% (stronger than 88% of peers).3-year revenue growth 20.1% vs peers 4.3% (stronger than 88% of peers).
How profitable is Flutter Entertainment?: Less profitable than most of its peers. Profitability scores 9/100 against 1,612 consumer cyclical peers. Return on assets -3.1% vs a peer median of 3.3% (weaker than 93% of peers).Return on assets -3.1% vs peers 3.3% (weaker than 93% of peers).
How risky is Flutter Entertainment?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.89× vs a peer median of 1.48× (weaker than 82% of peers).Current ratio 0.89× vs peers 1.48× (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 3.1 points to -3.7%

Worth watching: Flutter Entertainment is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	17.0B USD	17.2B USD	+0.8%
Net income (12 months)	−533.0M USD	−866.0M USD	+62.5%
Operating margin	-0.6%	-3.7%	−3.1 pts
Free cash flow (12 months)	1.2B USD	1.2B USD	+2.2%
Debt	12.0B USD	12.0B USD	+0.1%
Cash	1.5B USD	1.6B USD	+3.4%
Shares outstanding	174.0M	173.5M	−0.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Gambling companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2019	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	72.6%	49.1%	47.4%	47.7%	45.2%	▼ 2.5 pts
Operating margin	10.4%	-0.9%	-4.7%	6.2%	0.2%	▼ 6.0 pts
Net margin	2.5%	-3.9%	-10.3%	1.2%	-2.5%	▼ 3.6 pts
Return on assets (ROA)	0.6%	—	-4.9%	0.7%	-1.4%	▼ 2.1 pts
Return on equity (ROE)	1.4%	-3.3%	-12.1%	1.7%	-4.5%	▼ 6.2 pts
Free cash flow margin	25.4%	11.0%	6.6%	10.4%	6.6%	▼ 3.8 pts
Current ratio	0.85×	—	0.88×	0.95×	0.95×	▲ 0.5%
Debt to equity	1.09×	—	0.70×	0.72×	1.36×	▲ 87%
Interest coverage	1.06×	-0.41×	-1.29×	1.81×	0.06×	▼ 97%

FLUT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.63), less short-term liquidity (current ratio 0.89 vs a peer median of 1.48) and more debt relative to equity (1.37× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.14 vs peers 0.63), less liquidity (current ratio 0.89 vs peers 1.48) and more debt vs equity (1.37× vs peers 0.46×)

Ranks #1,295 of 1,502 consumer cyclical companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

Flutter Entertainment made a loss per share in its latest year after a profit the year before.

Valuation signals disagree. Cheaper than 64% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Flutter Entertainment looks cheaper than 64% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Growing fast, still losing money. Revenue grew faster than 84% of peers, at an operating loss.

Revenue grew faster than 84% of peers, but the business runs at an operating loss (margin -3.7%).

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2.0B in 2018 to $16.4B in 2025.

Flutter Entertainment's fiscal-year revenue rose in each of the five years to 2025, from $2.0B to $16.4B.

Questions investors ask about Flutter Entertainment

Is Flutter Entertainment getting weaker?

Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 3.1 points to -3.7%. Its overall score is unchanged at 29/100 since Oct 28, 2026.

How is Flutter Entertainment valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 23/100 against 1,612 consumer cyclical peers. Free cash flow yield 8.5% vs a peer median of 6.1% (stronger than 64% of peers).Free cash flow yield 8.5% vs peers 6.1% (stronger than 64% of peers). Earnings yield -6.0% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -6.0% vs peers 4.4% (weaker than 100% of peers).

Is Flutter Entertainment growing?

Yes, faster than most of its peers. Growth scores 68/100 against 1,612 consumer cyclical peers. 3-year revenue growth 20.1% vs a peer median of 4.3% (stronger than 88% of peers).3-year revenue growth 20.1% vs peers 4.3% (stronger than 88% of peers).

How profitable is Flutter Entertainment?

Less profitable than most of its peers. Profitability scores 9/100 against 1,612 consumer cyclical peers. Return on assets -3.1% vs a peer median of 3.3% (weaker than 93% of peers).Return on assets -3.1% vs peers 3.3% (weaker than 93% of peers).

How risky is Flutter Entertainment?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.89× vs a peer median of 1.48× (weaker than 82% of peers).Current ratio 0.89× vs peers 1.48× (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

17.0B USD

17.2B USD

+0.8%

Net income (12 months)

−533.0M USD

−866.0M USD

+62.5%

Operating margin

-0.6%

-3.7%

−3.1 pts

Free cash flow (12 months)

1.2B USD

1.2B USD

+2.2%

Debt

12.0B USD

12.0B USD

+0.1%

Cash

1.5B USD

1.6B USD

+3.4%

Shares outstanding

174.0M

173.5M

−0.2%

Key ratios

FY 2019

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

72.6%

49.1%

47.4%

47.7%

45.2%

▼ 2.5 pts

Operating margin

10.4%

-0.9%

-4.7%

6.2%

0.2%

▼ 6.0 pts

Net margin

2.5%

-3.9%

-10.3%

1.2%

-2.5%

▼ 3.6 pts

Return on assets (ROA)

0.6%

—

-4.9%

0.7%

-1.4%

▼ 2.1 pts

Return on equity (ROE)

1.4%

-3.3%

-12.1%

1.7%

-4.5%

▼ 6.2 pts

Free cash flow margin

25.4%

11.0%

6.6%

10.4%

6.6%

▼ 3.8 pts

Current ratio

0.85×

—

0.88×

0.95×

▲ 0.5%

Debt to equity

1.09×

—

0.70×

0.72×

1.36×

▲ 87%

Interest coverage

1.06×

-0.41×

-1.29×

1.81×

0.06×

▼ 97%