FLUTNYSEServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
Flutter Entertainment plc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$77.38+1.78 (+2.35%)
Close on Oct 19, 2026
- Market cap
- $13.54B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
45.2%−32.2 pts over 5 years
Operating margin
0.2%−12.6 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.6% | +20.1% | – | – | |
| Gross profit | +10.5% | +16.8% | – | – | |
| Operating income | -95.9% | – | – | – | |
| Free cash flow | -26.0% | +1.2% | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2018 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -3.2% | – | |
| Return on assets | – | -1.2% | – | |
| Current ratio | – | 1.03 | 0.95 | |
| Debt to equity | – | 1.31 | 1.36 | |
| Net debt to EBITDA | – | 8.70× | 6.72× | |
| Interest coverage | – | 0.7× | 0.1× | |
| Capex to revenue | – | 1.7% | 0.6% | |
| Diluted shares | – | 208M | 177M |
Where the cash went
Fiscal 2019 to 2025, five years combined
Flutter Entertainment generated $5.56B from operations and spent $2.11B on capital expenditure, dividends and share buybacks. 26% of that went back into the business.
Generated
$5.56B
Used
$2.11B
Capital expenditure$557.52M26%Dividends$00%Share buybacks$1.56B74%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.5%
×Asset turnover0.22×
×Equity multiplier2.60×
=Return on equity, FY20191.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2019 | 2.5% | 0.22× | 2.60× | 1.4% |
| FY2018 | -5.0% | 0.24× | 2.59× | -3.2% |
| FY2017 | 19.8% | 0.24× | 2.41× | 11.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$1.18B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$1.18B vs –
- Less leverageLong-term debt to assets fell27.3% → 41.5%
- Better liquidityCurrent ratio rose0.95 → 0.95
- No dilutionShare count did not rise180M → 177M
- Gross margin improvedGross margin up on the prior year47.71% → 45.19%
- More efficientAsset turnover rose0.57 → 0.67