NYSE : FLUT
Flutter Entertainment plc — Financial statements
Consumer Discretionary · Gambling · United States
Last price 82.59 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.33B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Flutter Entertainment plc (FLUT) reported revenue of 17.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 17.16B | 16.38B | 14.05B | 11.79B | 9.46B | 8.31B |
| Cost of Revenue | 9.88B | 8.98B | 7.35B | 6.20B | 4.81B | 3.88B |
| Gross Profit | 7.29B | 7.40B | 6.70B | 5.59B | 4.65B | 4.43B |
| Selling, General & Admin | 6.29B | 5.80B | 5.01B | 4.65B | 4.17B | 4.24B |
| Research & Development | 1.08B | 991.00M | 820.00M | 765.00M | 552.00M | 634.00M |
| Operating Expenses | 7.37B | 6.79B | 5.83B | 5.41B | 4.73B | 4.88B |
| Operating Income | -82.00M | 615.00M | 875.00M | 176.00M | -77.00M | -449.00M |
| Interest Expense | -694.00M | -588.00M | -490.00M | -430.00M | -219.00M | -222.00M |
| Interest & Investment Income | 56.00M | 73.00M | 71.00M | 45.00M | 7.00M | 7.00M |
| Currency Exchange Gain (Loss) | 47.00M | 88.00M | 15.00M | 43.00M | -162.00M | -86.00M |
| Other Non Operating Income (Expenses) | 520.00M | 311.00M | -428.00M | -158.00M | 235.00M | 72.00M |
| EBT Excluding Unusual Items | -153.00M | 499.00M | 43.00M | -324.00M | -216.00M | -678.00M |
| Merger & Restructuring Charges | 2.00M | -18.00M | -6.00M | -11.00M | ||
| Impairment of Goodwill | -517.00M | -517.00M | ||||
| Gain (Loss) on Sale of Investments | -2.00M | -2.00M | 6.00M | |||
| Gain (Loss) on Sale of Assets | -17.00M | -11.00M | -7.00M | -5.00M | 16.00M | |
| Asset Writedown | -44.00M | -44.00M | -725.00M | |||
| Other Unusual Items | -16.00M | -30.00M | -12.00M | -35.00M | -74.00M | 99.00M |
| Pretax Income | -745.00M | -121.00M | 16.00M | -1.09B | -295.00M | -563.00M |
| Income Tax Expense | 121.00M | 286.00M | -146.00M | 120.00M | 75.00M | 194.00M |
| Earnings From Continuing Operations | -866.00M | -407.00M | 162.00M | -1.21B | -370.00M | -757.00M |
| Minority Interest in Earnings | 112.00M | 97.00M | -119.00M | -11.00M | -62.00M | -166.00M |
| Net Income | -754.00M | -310.00M | 43.00M | -1.22B | -432.00M | -923.00M |
| Net Income to Common | -754.00M | -310.00M | 43.00M | -1.22B | -432.00M | -923.00M |
| Shares Outstanding (Basic) | 176.00M | 177.00M | 178.00M | 177.00M | 177.00M | 176.00M |
| Shares Outstanding (Diluted) | 176.00M | 177.00M | 180.00M | 177.00M | 177.00M | 176.00M |
| EPS (Basic) | -4.28 | -1.75 | 0.24 | -6.90 | -2.44 | -5.24 |
| EPS (Diluted) | -4.29 | -1.75 | 0.24 | -6.90 | -2.44 | -5.24 |
| Free Cash Flow | 1.24B | 1.08B | 1.46B | 778.00M | 1.04B | 431.00M |
| Free Cash Flow Per Share | 7.06 | 6.10 | 8.10 | 4.39 | 5.88 | 2.45 |
| Gross Margin | 42.46% | 45.19% | 47.71% | 47.40% | 49.14% | 53.29% |
| Operating Margin | -0.48% | 3.75% | 6.23% | 1.49% | -0.81% | -5.40% |
| Profit Margin | -4.39% | -1.89% | 0.31% | -10.37% | -4.57% | -11.11% |
| Free Cash Flow Margin | 7.24% | 6.59% | 10.38% | 6.60% | 11.00% | 5.19% |
| EBITDA | 1.59B | 2.13B | 1.97B | 1.46B | 998.00M | 561.00M |
| EBITDA Margin | 9.25% | 13.01% | 14.04% | 12.39% | 10.55% | 6.75% |
| D&A For EBITDA | 1.67B | 1.52B | 1.10B | 1.28B | 1.07B | 1.01B |
| EBIT | -82.00M | 615.00M | 875.00M | 176.00M | -77.00M | -449.00M |
| EBIT Margin | -0.48% | 3.75% | 6.23% | 1.49% | -0.81% | -5.40% |
| Advertising Expenses | 2.05B | 1.97B | 1.70B | 1.63B | 1.56B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.56B | 1.83B | 1.53B | 3.25B | 2.97B | 2.21B |
| Short-Term Investments | 5.00M | 23.00M | 130.00M | 172.00M | 167.00M | |
| Trading Asset Securities | 49.00M | 339.00M | ||||
| Cash & Short-Term Investments | 1.62B | 1.85B | 1.66B | 3.42B | 3.48B | 2.21B |
| Accounts Receivable | 130.00M | 190.00M | 98.00M | 90.00M | 116.00M | 53.49M |
| Other Receivables | 394.00M | 423.00M | 299.00M | 238.00M | 159.00M | 115.23M |
| Receivables | 524.00M | 613.00M | 397.00M | 328.00M | 275.00M | 168.72M |
| Prepaid Expenses | 318.00M | 299.00M | 267.00M | 205.00M | 205.00M | 169.12M |
| Restricted Cash | 72.00M | 72.00M | 48.00M | 22.00M | 16.00M | |
| Other Current Assets | 1.99B | 1.96B | 1.97B | 112.39M | ||
| Total Current Assets | 4.52B | 4.80B | 4.34B | 3.98B | 3.98B | 2.66B |
| Property, Plant & Equipment | 1.09B | 1.18B | 1.00B | 900.00M | 882.00M | 611.22M |
| Long-Term Investments | 17.00M | 7.00M | 6.00M | 9.00M | 11.00M | 99.52M |
| Goodwill | 15.62B | 15.82B | 13.35B | 13.74B | 13.24B | 12.66B |
| Other Intangible Assets | 6.48B | 6.15B | 4.80B | 5.43B | 6.68B | 6.35B |
| Long-Term Deferred Tax Assets | 297.00M | 309.00M | 267.00M | 24.00M | 47.00M | 11.10M |
| Long-Term Deferred Charges | 868.00M | 561.00M | 452.00M | 356.00M | 259.71M | |
| Other Long-Term Assets | 183.00M | 144.00M | 175.00M | 100.00M | 62.00M | 73.80M |
| Total Assets | 28.21B | 29.28B | 24.51B | 24.64B | 25.26B | 22.72B |
| Accounts Payable | 341.00M | 386.00M | 266.00M | 240.00M | 248.00M | 100.47M |
| Accrued Expenses | 2.31B | 2.22B | 1.96B | 1.88B | 1.77B | 1.36B |
| Current Portion of Long-Term Debt | 128.00M | 109.00M | 53.00M | 207.00M | 43.00M | 29.92M |
| Current Portion of Leases | 153.00M | 130.00M | 119.00M | 123.00M | 110.00M | 63.64M |
| Current Income Taxes Payable | 38.00M | 120.00M | 29.00M | 94.00M | 103.00M | 57.28M |
| Other Current Liabilities | 1.99B | 2.08B | 2.17B | 1.98B | 2.35B | 1.19B |
| Total Current Liabilities | 5.07B | 5.04B | 4.59B | 4.53B | 4.63B | 2.81B |
| Long-Term Debt | 11.87B | 12.16B | 6.68B | 7.03B | 6.71B | 4.88B |
| Long-Term Leases | 428.00M | 476.00M | 428.00M | 354.00M | 384.00M | 294.37M |
| Long-Term Unearned Revenue | 1.00M | |||||
| Pension & Post-Retirement Benefits | 2.84M | |||||
| Long-Term Deferred Tax Liabilities | 988.00M | 1.10B | 605.00M | 802.00M | 919.00M | 674.32M |
| Other Long-Term Liabilities | 497.00M | 800.00M | 935.00M | 559.00M | 502.00M | 123.49M |
| Total Liabilities | 18.86B | 19.58B | 13.24B | 13.27B | 13.14B | 8.78B |
| Common Stock | 36.00M | 36.00M | 36.00M | 36.00M | 36.00M | 646.70M |
| Additional Paid-In Capital | 2.13B | 1.99B | 1.61B | 1.39B | 1.19B | |
| Retained Earnings | 7.83B | 8.12B | 9.57B | 10.11B | 11.59B | 13.29B |
| Comprehensive Income & Other | -1.25B | -1.11B | -1.93B | -1.48B | -1.78B | -58.22M |
| Total Common Equity | 8.75B | 9.04B | 9.29B | 10.04B | 11.04B | 13.88B |
| Minority Interest | 605.00M | 660.00M | 1.97B | 1.32B | 1.08B | 50.78M |
| Shareholders' Equity | 9.36B | 9.70B | 11.27B | 11.37B | 12.12B | 13.93B |
| Total Liabilities & Equity | 28.21B | 29.28B | 24.51B | 24.64B | 25.26B | 22.72B |
| Total Debt | 12.58B | 12.87B | 7.28B | 7.71B | 7.24B | 5.27B |
| Net Cash (Debt) | -10.96B | -11.02B | -5.62B | -4.29B | -3.76B | -3.06B |
| Net Cash Per Share | -62.30 | -62.27 | -31.23 | -24.23 | -21.27 | -17.40 |
| Filing Date Shares Outstanding | 173.54M | 175.30M | 177.47M | 177.40M | 176.15M | 175.65M |
| Total Common Shares Outstanding | 173.48M | 175.22M | 177.90M | 177.01M | 176.09M | 175.60M |
| Working Capital | -553.00M | -247.00M | -246.00M | -550.00M | -650.00M | -152.06M |
| Book Value Per Share | 50.44 | 51.58 | 52.24 | 56.74 | 62.67 | 79.05 |
| Tangible Book Value | -13.35B | -12.94B | -8.86B | -9.13B | -8.89B | -5.12B |
| Tangible Book Value Per Share | -76.97 | -73.84 | -49.82 | -51.58 | -50.48 | -29.17 |
| Land | 348.00M | 250.00M | 301.00M | 219.00M | 187.13M | |
| Machinery | 624.00M | 607.00M | 937.00M | 858.00M | 678.93M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -754.00M | -310.00M | 43.00M | -1.22B | -432.00M | -923.00M |
| Depreciation & Amortization | 1.67B | 1.52B | 1.10B | 1.28B | 1.07B | 1.01B |
| Loss (Gain) From Sale of Assets | 17.00M | 11.00M | 7.00M | 5.00M | -16.00M | |
| Asset Writedown & Restructuring Costs | 561.00M | 561.00M | 725.00M | |||
| Stock-Based Compensation | 248.00M | 260.00M | 202.00M | 190.00M | 181.00M | 488.00M |
| Other Operating Activities | -690.00M | -424.00M | 351.00M | -81.00M | 34.00M | 147.00M |
| Change in Accounts Receivable | 28.00M | -11.00M | 23.00M | -12.00M | -17.00M | |
| Change in Accounts Payable | -34.00M | -20.00M | -7.00M | -4.00M | -24.00M | -1.00M |
| Change in Other Net Operating Assets | 285.00M | -411.00M | -80.00M | 16.00M | 341.00M | -135.00M |
| Operating Cash Flow | 1.33B | 1.18B | 1.60B | 937.00M | 1.16B | 553.00M |
| Capital Expenditures | -88.00M | -105.00M | -144.00M | -159.00M | -122.00M | -122.00M |
| Sale of Property, Plant & Equipment | 7.00M | |||||
| Cash Acquisitions | -2.69B | -160.00M | -2.10B | -70.00M | ||
| Divestitures | 175.00M | |||||
| Sale (Purchase) of Intangibles | -737.00M | -667.00M | -517.00M | -443.00M | -307.00M | -237.00M |
| Other Investing Activities | -33.00M | -21.00M | 10.00M | |||
| Investing Cash Flow | -858.00M | -3.48B | -811.00M | -602.00M | -2.52B | -254.00M |
| Long-Term Debt Issued | 10.83B | 1.68B | 2.02B | 4.69B | 1.66B | |
| Long-Term Debt Repaid | -5.61B | -1.95B | -1.84B | -2.65B | -1.03B | |
| Net Debt Issued (Repaid) | 2.16B | 5.22B | -264.00M | 181.00M | 2.05B | 628.00M |
| Issuance of Common Stock | 7.00M | 7.00M | 30.00M | 13.00M | 9.00M | 18.00M |
| Repurchase of Common Stock | -804.00M | -1.12B | -219.00M | -212.00M | -3.00M | -252.00M |
| Other Financing Activities | -1.71B | -1.68B | -16.00M | -95.00M | -269.00M | -33.00M |
| Financing Cash Flow | -347.00M | 2.43B | -469.00M | -113.00M | 1.78B | 361.00M |
| Foreign Exchange Rate Adjustments | -19.00M | 192.00M | -84.00M | 59.00M | -120.00M | -130.00M |
| Net Cash Flow | 106.00M | 323.00M | 238.00M | 281.00M | 309.00M | 530.00M |
| Free Cash Flow | 1.24B | 1.08B | 1.46B | 778.00M | 1.04B | 431.00M |
| Free Cash Flow Margin | 7.24% | 6.59% | 10.38% | 6.60% | 11.00% | 5.19% |
| Free Cash Flow Per Share | 7.06 | 6.10 | 8.10 | 4.39 | 5.88 | 2.45 |
| Levered Free Cash Flow | -990.00M | 1.15B | -1.03B | 378.25M | 2.35B | 1.73B |
| Unlevered Free Cash Flow | -556.25M | 1.51B | -721.12M | 647.00M | 2.49B | 1.87B |
| Free Cash Flow After Leases | 1.24B | 1.08B | 1.46B | 778.00M | 1.04B | 431.00M |
| Cash Interest Paid | 639.00M | 531.00M | 462.00M | 408.00M | 222.00M | 214.00M |
| Cash Income Tax Paid | 352.00M | 445.00M | 255.00M | 255.00M | 199.00M | 191.00M |
| Change in Working Capital | 279.00M | -431.00M | -98.00M | 35.00M | 305.00M | -153.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.33B | 37.62B | 45.98B | 31.51B | 23.71B | 27.54B |
| Enterprise Value | 25.30B | 47.41B | 51.78B | 36.89B | 27.13B | 31.52B |
| Last Close Price | 82.59 | 215.04 | 258.45 | 179.00 | 134.75 | 157.50 |
| PE Ratio | 1,069.31 | |||||
| Forward PE | 14.69 | 26.29 | 30.68 | |||
| PS Ratio | 0.84 | 2.30 | 3.27 | 2.67 | 2.51 | 3.31 |
| PB Ratio | 1.64 | 3.88 | 4.08 | 2.77 | 1.96 | 1.98 |
| P/FCF Ratio | 11.54 | 34.87 | 31.54 | 40.51 | 22.78 | 63.89 |
| P/OCF Ratio | 10.78 | 31.78 | 28.70 | 33.63 | 20.39 | 49.80 |
| PEG Ratio | 0.98 | 0.74 | 0.66 | |||
| EV/Sales Ratio | 1.47 | 2.89 | 3.69 | 3.13 | 2.87 | 3.79 |
| EV/EBITDA Ratio | 15.94 | 22.24 | 26.26 | 25.25 | 27.18 | 56.19 |
| EV/EBIT Ratio | 77.09 | 59.18 | 209.58 | |||
| EV/FCF Ratio | 20.37 | 43.94 | 35.52 | 47.41 | 26.06 | 73.13 |
| Debt / Equity Ratio | 1.34 | 1.33 | 0.65 | 0.68 | 0.60 | 0.38 |
| Debt / EBITDA Ratio | 7.07 | 5.56 | 3.41 | 4.78 | 6.44 | 9.39 |
| Debt / FCF Ratio | 10.13 | 11.93 | 5.00 | 9.91 | 6.96 | 12.22 |
| Net Debt / Equity Ratio | 1.17 | 1.14 | 0.50 | 0.38 | 0.31 | 0.22 |
| Net Debt / EBITDA Ratio | 6.91 | 5.17 | 2.85 | 2.94 | 3.77 | 5.46 |
| Net Debt / FCF Ratio | 8.83 | 10.21 | 3.86 | 5.51 | 3.62 | 7.11 |
| Asset Turnover | 0.59 | 0.61 | 0.57 | 0.47 | 0.40 | 0.36 |
| Quick Ratio | 0.42 | 0.49 | 0.45 | 0.83 | 0.81 | 0.85 |
| Current Ratio | 0.89 | 0.95 | 0.95 | 0.88 | 0.86 | 0.95 |
| Return on Equity (ROE) | -7.87% | -3.88% | 1.43% | -10.31% | -2.84% | -5.25% |
| Return on Assets (ROA) | -0.18% | 1.43% | 2.23% | 0.44% | -0.20% | -1.23% |
| Return on Invested Capital (ROIC) | -0.40% | 3.27% | 5.38% | 1.12% | -0.47% | -2.49% |
| Return on Capital Employed (ROCE) | -0.40% | 2.50% | 4.40% | 0.90% | -0.40% | -2.30% |
| Earnings Yield | -5.19% | -0.82% | 0.09% | -3.88% | -1.82% | -3.35% |
| FCF Yield | 8.67% | 2.87% | 3.17% | 2.47% | 4.39% | 1.57% |
| Buyback Yield / Dilution | 1.95% | 1.67% | -1.70% | -0.57% | -32.48% | |
| Total Shareholder Return | 1.95% | 1.67% | -1.70% | -0.57% | -32.48% |