Flutter Entertainment plc
FLUT· NYSE· Services-Computer Programming, Data Processing, Etc.
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 6.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; FLUT is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 177.0M
- Revenue
- $16.4B
- Free cash flow
- $1.1B
- Owner earnings
- $833.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 45.2%
- Operating
- 0.2%
- Net
- –
- Free cash flow
- 6.6%
- Owner earnings
- 5.1%
- Stock pay
- 1.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 20.1%
- Revenue, 5 yr
- –
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- 1.2%
- Free cash flow, 5 yr
- –
Financial health · FY2025
- Cash and investments
- $1.9B
- Total debt
- $12.3B
- Net debt
- $10.4B
- Debt/Equity
- 1.4x
- Debt/FCF
- 11.4x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$16.4B
+20.1% a year over 3 years
FY2022FY2025
Margins
Gross45.2%Operating0.2%
FY2025
FY2022FY2025
Free cash flow and owner earnings
Free cash flow$1.1BOwner earnings$833.0M
Free cash flow +1.2% a year
FY2022FY2025
Diluted shares
177.0M
0.0% over 3 years, net dilution
FY2022FY2025
Net debt (below zero)
-$10.4B
$10.4B more debt than cash
FY2022FY2025
Every figure, year by year
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| The business | ||||
| Revenue | $9.5B | $11.8B | $14.0B | $16.4B |
| Revenue growth | – | 24.6% | 19.2% | 16.6% |
| Gross margin | 49.1% | 47.4% | 47.7% | 45.2% |
| Operating margin | -0.9% | -4.7% | 6.2% | 0.2% |
| Net income | – | – | – | – |
| Net margin | – | – | – | – |
| Diluted EPS | $-2.44 | $-6.89 | $0.24 | $-1.75 |
| Return on invested capital? | – | – | – | – |
| Cash | ||||
| Operating cash flow | $1.2B | $937.0M | $1.6B | $1.2B |
| Capital expenditure | $122.0M | $159.0M | $144.0M | $105.0M |
| Free cash flow | $1.0B | $778.0M | $1.5B | $1.1B |
| Stock-based compensation | $132.0M | $180.0M | $196.0M | $246.0M |
| Owner earnings? | $909.0M | $598.0M | $1.3B | $833.0M |
| Free cash flow per share | $5.88 | $4.40 | $8.10 | $6.10 |
| Capital allocation | ||||
| Dividends paid | – | – | – | – |
| Share repurchases | $3.0M | $212.0M | $219.0M | $1.1B |
| Diluted shares | 177.0M | 177.0M | 180.0M | 177.0M |
| Share count change? | – | 0.0% | 1.7% | -1.7% |
| Balance sheet | ||||
| Cash and equivalents | $966.0M | $1.5B | $1.5B | $1.8B |
| Short-term investments | – | $172.0M | $130.0M | $23.0M |
| Total debt | – | $7.1B | $6.7B | $12.3B |
| Net debt | – | $5.4B | $5.1B | $10.4B |
| Shareholders' equity | $11.2B | $10.0B | $9.3B | $9.0B |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-04-16 | DEF 14A | Proxy statement |
| 2026-02-26 | 10-K | Annual report |
| 2026-02-26 | 8-K | Earnings release |
| 2025-11-12 | 10-Q | Quarterly report |
| 2025-11-12 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35