Flutter Entertainment FLUT Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 44.2%-3.3pp | 45.2%-2.5pp | 46.1%-1.1pp | 46.9%-0.3pp | 47.5%+0.2pp | |
| Operating margin | -0.6%-7.4pp | 0.2%-6.0pp | 0.4%+0.6pp | 6.6%+8.7pp | 6.8%+10.1pp | |
| Net margin | -3.2%-7.9pp | -2.5%-3.7pp | -1.7%+4.9pp | 2.8%+10.9pp | 4.7%+15.1pp | |
| EBITDA margin | 9%-5.4pp | 9.5%-4.5pp | 9.1%+0.5pp | 14.6%+6.9pp | 14.4%+7.3pp | |
| Free cash flow margin | 7.1%-2.0pp | 6.6%-3.8pp | 8.3%-0.3pp | 9%-2.2pp | 9.2%-0.3pp | |
| Returns | ||||||
| Return on equity | -5.7%-12.7pp | -4.5%-6.2pp | -2.7%+5.9pp | 4.1%+14.0pp | 7%+19.3pp | |
| Return on assets | -2%-4.8pp | -1.6%-2.2pp | -1%— | 1.5%— | 2.7%— | |
| Return on invested capital | -0.6%-6.8pp | 0.2%-5.4pp | 0.3%— | 5.7%— | 6.2%— | |
| Efficiency | ||||||
| Asset turnover | 0.6×+0.1× | 0.6×0.0× | 0.6×— | 0.5×— | 0.6×— | |
| Liquidity | ||||||
| Current ratio | 0.9×0.0× | 1×0.0× | 1×+0.1× | 0.9×+0.1× | 0.9×+0.1× | |
| Quick ratio | 0.9×0.0× | 1×0.0× | 1×+0.1× | 0.9×+0.1× | 0.9×+0.1× | |
| Cash ratio | 0.3×0.0× | 0.4×0.0× | 0.3×0.0× | 0.4×0.0× | 0.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.4×+0.6× | 1.4×+0.6× | 1.4×+0.6× | 1×+0.3× | 0.8×0.0× | |
| Debt-to-assets | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.3×0.0× | |
| Net debt / EBITDA | 7.3×+4.4× | 7.1×+4.2× | 7.9×+2.7× | 4.1×-1.8× | 2.9×-4.1× | |
| Interest coverage | -0.2×-2.5× | 0.1×-1.8× | 0.1×+0.2× | 2.2×+2.8× | 2.3×+3.2× | |
| Per Share | ||||||
| Book value per share | $51.21-6.5% | $51.06-1.1% | $52.52-8.7% | $57.07+3.9% | $54.79+2.7% | |
| Valuation | ||||||
| Market capitalization | $17.81B-54.6% | $37.67B-19.0% | $45.05B+6.8% | $48.66B+50.2% | $39.26B+11.9% | |
| Enterprise value | $28.99B-35.9% | $48.71B-6.8% | $56.15B+16.4% | $57.66B+50.7% | $45.21B+9.9% | |
| Price / sales | 1×-1.7× | 2.3×-1.0× | 2.9×-0.2× | 3.3×+0.8× | 2.7×-0.1× | |
| Price / book | 2×-2.0× | 4.2×-0.8× | 4.9×+0.8× | 4.8×+1.5× | 4×+0.3× | |
| EV / EBITDA | 18.9×-3.0× | 31.4×+4.8× | 39.9×-1.5× | 26.5×-12.2× | 21.9×-25.1× | |
| EV / sales | 1.7×-1.5× | 3×-0.7× | 3.6×+0.1× | 3.9×+0.9× | 3.2×-0.2× | |
| Free cash flow yield | 6.8%+3.5pp | 2.9%-0.3pp | 2.8%+0.1pp | 2.8%-1.7pp | 3.3%0.0pp | |
| Earnings yield | -3%-4.8pp | -1.1%-1.5pp | -0.6%+1.5pp | 0.9%+4.1pp | 1.7%+5.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
