What are Flutter Entertainment's profit margins?

Flutter Entertainment (FLUT) runs a 44.2% gross margin and a -0.6% operating margin, with a -3.2% net margin.

Where do Flutter Entertainment's ratios come from?

Every ratio is computed from Flutter Entertainment's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Flutter Entertainment FLUT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	44.2%-0.9pp	45.2%-0.9pp	46.1%-0.8pp	46.9%-0.6pp	47.5%-0.2pp
Operating margin	-0.6%-0.9pp	0.2%-0.1pp	0.4%-6.3pp	6.6%-0.1pp	6.8%+0.6pp
Net margin	-3.2%-0.6pp	-2.5%-0.9pp	-1.7%-4.5pp	2.8%-1.9pp	4.7%+3.6pp
EBITDA margin	9%-0.5pp	9.5%+0.4pp	9.1%-5.5pp	14.6%+0.2pp	14.4%+0.4pp
Free cash flow margin	7.1%+0.6pp	6.6%-1.7pp	8.3%-0.7pp	9%-0.2pp	9.2%-1.2pp
Returns
Return on equity	-5.7%-1.2pp	-4.5%-1.9pp	-2.7%-6.8pp	4.1%-2.8pp	7%+5.3pp
Return on assets	-2%-0.5pp	-1.6%-0.6pp	-1%—	——	——
Return on invested capital	-0.6%-0.8pp	0.2%-0.1pp	0.3%—	——	——
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×—	——	——
Liquidity
Current ratio	0.9×0.0×	1×0.0×	1×0.0×	0.9×0.0×	0.9×0.0×
Quick ratio	0.9×0.0×	1×0.0×	1×0.0×	0.9×0.0×	0.9×0.0×
Cash ratio	0.3×-0.1×	0.4×0.0×	0.3×0.0×	0.4×0.0×	0.3×0.0×
Leverage
Debt-to-equity	1.4×0.0×	1.4×0.0×	1.4×+0.3×	1×+0.3×	0.8×0.0×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×+0.1×	0.4×+0.1×	0.3×0.0×
Net debt / EBITDA	7.3×+0.2×	7.1×-0.8×	7.9×+3.8×	4.1×+1.2×	2.9×0.0×
Interest coverage	-0.2×-0.3×	0.1×-0.1×	0.1×-2.1×	2.2×0.0×	2.3×+0.4×
Per Share
Book value per share	$51.21+0.3%	$51.06-2.8%	$52.52-8.0%	$57.07+4.1%	$54.79+6.1%
Valuation
Market capitalization	$17.81B-52.7%	$37.67B-16.4%	$45.05B-7.4%	$48.66B+23.9%	$39.26B-15.6%
Enterprise value	$28.99B-40.5%	$48.71B-13.2%	$56.15B-2.6%	$57.66B+27.5%	$45.21B-13.5%
Price / sales	1×-1.3×	2.3×-0.6×	2.9×-0.3×	3.3×+0.5×	2.7×-0.6×
Price / book	2×-2.2×	4.2×-0.7×	4.9×+0.1×	4.8×+0.8×	4×-1.0×
EV / EBITDA	18.9×-12.4×	31.4×-8.5×	39.9×+13.4×	26.5×+4.5×	21.9×-4.7×
EV / sales	1.7×-1.3×	3×-0.7×	3.6×-0.2×	3.9×+0.7×	3.2×-0.6×
Free cash flow yield	6.8%+4.0pp	2.9%0.0pp	2.8%+0.1pp	2.8%-0.6pp	3.3%+0.2pp
Earnings yield	-3%-1.9pp	-1.1%-0.5pp	-0.6%-1.4pp	0.9%-0.9pp	1.7%+1.4pp

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Questions, answered.

What are Flutter Entertainment's profit margins?: Flutter Entertainment (FLUT) runs a 44.2% gross margin and a -0.6% operating margin, with a -3.2% net margin.
Where do Flutter Entertainment's ratios come from?: Every ratio is computed from Flutter Entertainment's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.