FLUT Flutter Entertainment plc Ordinary Shares
NYSE · Hotels, Restaurants & Leisure · View on SEC EDGAR ↗ 10-K/10-Q Aug 5, 2026
$80.09
· of 52w range
· above low
· to high
$72.5652w low
$245.7152w high
Market Cap (MRQ)
$13.89B
P/E (TTM)
-18.8
EPS (TTM)
$-4.25
Revenue (TTM)
$17.16B
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52W Range
$73–$246
Analyst Rating
BUY
Price Target
$133
P/E
-18.8
ROE
-9.1%
Net Profit Margin
-5.0%
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FLUT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$80.09
Market Cap (MRQ)
$13.89B
P/E (TTM)
-18.8
EPS (TTM)
$-4.25
Revenue (TTM)
$17.16B
ROE (TTM)
-9.1%
Debt/Equity (MRQ)
1.4
52W Range
$73–$246
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$16.38B2022-12-31 → 2025-12-31
EPS$-1.752022-12-31 → 2025-12-31
Free Cash Flow$1.08B2024-12-31 → 2025-12-31
Net margin-5.0%2024-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | FLUT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -18.85Y avg ≈309.3 | ≈309.3 | · | · | |
| P/S (TTM) | 0.8 | · | 1.4 | Undervalued | |
| P/B (MRQ) | 1.6 | · | 3.7 | Undervalued | |
| EV / EBITDA | 15.7 | · | 16.2 | Overvalued | |
| Price / FCF (TTM) | 11.2 | · | · | · | |
| Price / Cash Flow (TTM) | 10.4 | · | 9.3 | Overvalued | |
| EV / Revenue | 1.5 | · | · | · | |
| EV / FCF | 22.6 | · | · | · | |
| Price / Tangible Book (MRQ) | 6.1 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | FLUT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 42.5% | · | · | · | |
| Operating Margin (TTM) | -3.7% | · | 16.6% | Weak | |
| EBITDA Margin (TTM) | 6.0% | · | 17.8% | Weak | |
| Pretax Margin (TTM) | -4.3% | · | 11.7% | Weak | |
| Net Profit Margin (TTM) | -5.0% | · | 7.1% | Weak | |
| ROA (TTM) | -3.0% | · | 3.5% | Weak | |
| ROE (TTM) | -9.1% | · | 18.5% | Weak | |
| ROIC | 0.57% | · | 10.3% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | FLUT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.4 | · | 2.4 | Low debt | |
| Current Ratio (MRQ) | 0.9 | · | 0.9 | In line | |
| Quick Ratio | 0.4 | · | 0.7 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.4 | · | 2.4 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | FLUT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 16.6%5Y avg ≈20.1% | ≈20.1% | · | · | |
| Revenue CAGR 3Y | 20.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | FLUT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.6 | · | 0.6 | In line | |
| Receivables Turnover | 113.8 | · | 29.8 | Top tier | |
| Revenue / Employee | ≈$574.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$1.66
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 5, 2019 | $0.83 | USD | ≈3.1% |
| Apr 11, 2019 | $1.75 | USD | ≈2.2% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
13.6%
Next Report
Nov 18, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 6, 2026 | $0.49 | $0.61 | -19.3% |
| March 31, 2026 | $1.22 | $1.22 | -0.39% | |
| Dec. 31, 2025 | $1.74 | $1.99 | -12.4% | |
| Sept. 30, 2025 | $1.64 | $0.85 | 92.3% | |
| June 30, 2025 | $2.95 | $2.12 | 39.2% | |
| March 31, 2025 | $1.59 | $1.93 | -17.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $16.38B | $14.05B | $11.79B | $9.46B | |
| Cost of Revenue | $8.98B | $7.35B | $6.20B | $4.81B | |
| Gross Profit | $7.40B | $6.70B | $5.59B | $4.65B | |
| R&D Expense | $991M | $820M | $765M | $552M | |
| SG&A Expense | $2.18B | $1.81B | $1.60B | $1.17B | |
| Operating Income | $36M | $869M | $-549M | $-88M | |
| Other Non-op | $358M | $-434M | $-157M | $5M | |
| Pretax Income | $-121M | $16M | $-1.09B | $-295M | |
| Income Tax | $286M | $-146M | $120M | $75M | |
| Net Income | $-407M | $162M | $-1.21B | $-370M | |
| EPS (Basic) | $-1.75 | $0.24 | $-6.89 | $-2.44 | |
| EPS (Diluted) | $-1.75 | $0.24 | $-6.89 | $-2.44 | |
| Shares (Basic) | 177,000,000 | 178,000,000 | 177,000,000 | 177,000,000 | |
| Shares (Diluted) | 177,000,000 | 180,000,000 | 177,000,000 | 177,000,000 | |
| EBITDA | $1.55B | $1.97B | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.83B | $1.53B | $1.50B | $966M | |
| Receivables | $190M | $98M | $90M | · | |
| Prepaid Expense | $751M | $607M | $443M | · | |
| Current Assets | $4.80B | $4.34B | $3.98B | · | |
| PP&E (Net) | $630M | $493M | $471M | · | |
| PP&E (Gross) | $972M | $857M | $1.24B | · | |
| Accum. Depreciation | $342M | $364M | $767M | · | |
| Goodwill | $15.82B | $13.35B | $13.74B | $13.24B | |
| Intangibles | $7.02B | $5.36B | $5.88B | · | |
| Other Non-current Assets | $144M | $175M | $100M | · | |
| Total Assets | $29.28B | $24.51B | $24.64B | · | |
| Accounts Payable | $386M | $266M | $240M | · | |
| Accrued Liabilities | $1.03B | $980M | $945M | · | |
| Current Liabilities | $5.04B | $4.59B | $4.53B | · | |
| Capital Leases | $476M | $428M | $354M | · | |
| Deferred Tax | $1.10B | $605M | $802M | · | |
| Other Non-current Liabilities | $801M | $935M | $580M | · | |
| Total Liabilities | $19.58B | $13.24B | $13.27B | · | |
| Long-term Debt | $12.27B | $6.74B | $7.06B | · | |
| Total Debt | $12.27B | $6.74B | · | · | |
| Common Stock | $36M | $36M | $36M | · | |
| Retained Earnings | $8.12B | $9.57B | $10.11B | · | |
| AOCI | $-1.11B | $-1.93B | $-1.48B | · | |
| Stockholders' Equity | $9.04B | $9.29B | $10.04B | · | |
| Liabilities + Equity | $29.28B | $24.51B | $24.64B | · | |
| Shares Outstanding | 175,224,066 | 177,895,367 | 177,008,649 | 176,091,902 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $1.52B | $1.10B | $1.28B | $1.07B | |
| Stock-based Comp | $246M | $196M | $180M | $132M | |
| Deferred Tax | $-145M | $-348M | $-132M | $-145M | |
| Amort. of Intangibles | $1.39B | $998M | $1.14B | $968M | |
| Other Non-cash | $-27M | $495M | · | · | |
| Operating Cash Flow | $1.18B | $1.60B | $937M | $1.16B | |
| CapEx | $105M | $144M | $159M | $122M | |
| Investing Cash Flow | $-3.48B | $-811M | $-602M | $-2.52B | |
| Net Debt Issued | $-5.61B | $-1.95B | · | · | |
| Stock Repurchased | $1.12B | $219M | $212M | $3M | |
| Net Stock Activity | $-1.12B | $-219M | · | · | |
| Financing Cash Flow | $2.43B | $-469M | $-113M | $1.78B | |
| Taxes Paid | $445M | · | · | · | |
| Free Cash Flow | $1.08B | $1.46B | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 45.2% | 47.7% | · | · | |
| Operating Margin | 0.22% | 6.2% | · | · | |
| Net Margin | -2.5% | 1.1% | · | · | |
| Pretax Margin | -0.74% | 0.11% | · | · | |
| EBITDA Margin | 9.5% | 14.0% | · | · | |
| ROA | -1.5% | 0.66% | · | · | |
| ROE | -4.4% | 1.7% | · | · | |
| ROIC | 0.57% | 54.9% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 1.0 | 0.9 | · | · | |
| Quick Ratio | 0.4 | 0.4 | · | · | |
| Debt / Equity | 1.4 | 0.7 | · | · | |
| LT Debt / Equity | 1.3 | 0.7 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | · | · | |
| Receivables Turnover | 113.8 | 149.4 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Book Value / Share | $51.58 | $52.24 | · | · | |
| Revenue / Share | $92.56 | $78.04 | · | · | |
| Cash Flow / Share | $6.69 | $8.90 | · | · | |
| Cash / Share | $10.43 | $8.61 | · | · | |
| EPS (TTM) | $-1.75 | $0.24 | $-6.89 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 16.6% | 19.1% | 24.6% | · | |
| Revenue CAGR 3Y | 20.1% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $16.38B | $14.05B | $11.79B | · | |
| Net Income TTM | $-407M | $162M | $-1.21B | · | |
| Market Cap | $37.68B | $45.98B | · | · | |
| Enterprise Value | $48.12B | $51.18B | · | · | |
| P/E | -122.9 | 1076.9 | -26.0 | · | |
| P/S | 2.3 | 3.3 | · | · | |
| P/B | 4.2 | 4.9 | · | · | |
| P / Cash Flow | 31.8 | 28.7 | · | · | |
| P / FCF | 34.9 | 31.5 | · | · | |
| EV / EBITDA | 31.0 | 26.0 | · | · | |
| EV / FCF | 44.6 | 35.1 | · | · | |
| EV / Revenue | 2.9 | 3.6 | · | · | |
| Earnings Yield | -0.81% | 0.09% | -3.9% | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.33B | $4.30B | $4.74B | $3.79B | $4.19B | $3.67B | $3.79B | $3.25B | $3.61B | $3.40B | $3.31B | $2.56B | $3.00B | $2.92B | |
| Cost of Revenue | $2.61B | $2.47B | $2.63B | $2.17B | $2.23B | $1.96B | $1.97B | $1.75B | $1.83B | $1.79B | $1.78B | $1.39B | $1.49B | $1.54B | |
| Gross Profit | $1.71B | $1.84B | $2.11B | $1.63B | $1.96B | $1.71B | $1.83B | $1.50B | $1.78B | $1.60B | $1.53B | $1.17B | $1.51B | $1.38B | |
| R&D Expense | $300M | $259M | $245M | $275M | $256M | $215M | $201M | $213M | $216M | $190M | $207M | $214M | $176M | $168M | |
| SG&A Expense | $545M | $533M | $524M | $702M | $525M | $431M | $516M | $438M | $445M | $409M | $415M | $394M | $445M | $342M | |
| Operating Income | $-144M | $79M | $258M | $-834M | $389M | $223M | $279M | $97M | $369M | $124M | $-619M | $-137M | $222M | $-15M | |
| Other Non-op | $7M | $311M | $64M | $152M | $-74M | $216M | $-227M | $-122M | $89M | $-174M | $-78M | $-44M | $10M | $-45M | |
| Pretax Income | $-299M | $234M | $154M | $-834M | $205M | $354M | $-42M | $-130M | $350M | $-162M | $-816M | $-273M | $150M | $-152M | |
| Income Tax | $-3M | $25M | $144M | $-45M | $168M | $19M | $-198M | $-16M | $53M | $15M | $86M | $-11M | $86M | $-41M | |
| Net Income | $-296M | $209M | $10M | $-789M | $37M | $335M | $156M | $-114M | $297M | $-177M | $-902M | $-262M | $64M | $-111M | |
| EPS (Basic) | $-1.57 | $1.24 | $-0.02 | $-3.91 | $0.59 | $1.59 | $0.45 | $-0.58 | $1.47 | $-1.10 | $-5.14 | $-1.55 | $0.38 | $-0.58 | |
| EPS (Diluted) | $-1.57 | $1.23 | $0.00 | $-3.91 | $0.59 | $1.57 | $0.47 | $-0.58 | $1.45 | $-1.10 | $-5.13 | $-1.55 | $0.37 | $-0.58 | |
| Shares (Basic) | 175,000,000 | 176,000,000 | · | 176,000,000 | 177,000,000 | 178,000,000 | · | 178,000,000 | 178,000,000 | 178,000,000 | · | 178,000,000 | · | · | |
| Shares (Diluted) | 175,000,000 | 177,000,000 | · | 176,000,000 | 179,000,000 | 180,000,000 | · | 178,000,000 | 180,000,000 | 178,000,000 | · | 178,000,000 | · | · | |
| EBITDA | $-144M | $495M | · | $-834M | $389M | $517M | · | $97M | $369M | $421M | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.56B | $1.51B | $1.83B | $1.73B | $1.69B | $1.54B | $1.53B | $1.48B | $1.53B | $1.35B | $1.50B | · | · | · | |
| Receivables | $130M | $155M | $190M | $158M | $161M | $109M | $98M | $87M | $75M | $82M | · | · | · | · | |
| Prepaid Expense | $761M | $817M | $751M | $864M | $665M | $612M | $607M | $517M | $441M | $448M | · | · | · | · | |
| Current Assets | $4.52B | $4.50B | $4.80B | $4.78B | $4.39B | $4.24B | $4.34B | $4.17B | $3.92B | $3.86B | · | · | · | · | |
| PP&E (Net) | $575M | $597M | $630M | $615M | $602M | $490M | $493M | $498M | $480M | $478M | · | · | · | · | |
| PP&E (Gross) | · | · | $972M | · | · | · | $857M | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $342M | · | · | · | $364M | · | · | · | · | · | · | · | |
| Goodwill | $15.62B | $15.65B | $15.82B | $15.80B | $16.49B | $13.74B | $13.35B | $14.34B | $13.68B | $13.68B | $13.74B | · | · | · | |
| Intangibles | $6.48B | $6.71B | $7.02B | $7.24B | $7.54B | $5.46B | $5.36B | $5.82B | $5.66B | $5.79B | · | · | · | · | |
| Other Non-current Assets | $194M | $175M | $144M | $135M | $95M | $131M | $175M | $81M | $82M | $104M | · | · | · | · | |
| Total Assets | $28.21B | $28.47B | $29.28B | $29.34B | $29.87B | $24.82B | $24.51B | $25.48B | $24.32B | $24.39B | · | · | · | · | |
| Accounts Payable | $341M | $427M | $386M | $402M | $350M | $359M | $266M | $270M | $234M | $265M | · | · | · | · | |
| Accrued Liabilities | $1.10B | $1.05B | $1.03B | $1.04B | $1.03B | $920M | $980M | $1.09B | $1.01B | $1.03B | · | · | · | · | |
| Current Liabilities | $5.07B | $4.98B | $5.04B | $4.96B | $4.63B | $4.47B | $4.59B | $4.71B | $4.38B | $4.59B | · | · | · | · | |
| Capital Leases | $428M | $442M | $476M | $458M | $486M | $446M | $428M | $437M | $374M | $362M | · | · | · | · | |
| Deferred Tax | $988M | $1.04B | $1.10B | $1.11B | $1.09B | $595M | $605M | $733M | $737M | $783M | · | · | · | · | |
| Other Non-current Liabilities | $497M | $511M | $801M | $933M | $1.15B | $786M | $935M | $747M | $612M | $733M | · | · | · | · | |
| Total Liabilities | $18.86B | $18.77B | $19.58B | $19.42B | $17.23B | $13.05B | $13.24B | $13.47B | $12.84B | $13.25B | · | · | · | · | |
| Long-term Debt | $11.98B | $11.96B | $12.27B | $12.10B | $9.95B | $6.82B | $6.74B | $6.91B | $6.79B | $6.84B | · | · | · | · | |
| Total Debt | $11.98B | $11.96B | · | $12.10B | $9.95B | $6.82B | · | $6.91B | $6.79B | $6.84B | · | · | · | · | |
| Common Stock | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | · | · | · | · | |
| Retained Earnings | $7.83B | $8.23B | $8.12B | $8.34B | $9.25B | $9.75B | $9.57B | $9.73B | $10.02B | $9.69B | · | · | · | · | |
| AOCI | $-1.25B | $-1.25B | $-1.11B | $-1.06B | $-880M | $-1.59B | $-1.93B | $-1.07B | $-1.67B | $-1.67B | · | · | · | · | |
| Stockholders' Equity | $8.75B | $9.06B | $9.04B | $9.24B | $10.21B | $9.86B | $9.29B | $10.24B | $9.88B | $9.50B | · | · | · | · | |
| Liabilities + Equity | $28.21B | $28.47B | $29.28B | $29.34B | $29.87B | $24.82B | $24.51B | $25.48B | $24.32B | $24.39B | · | · | · | · | |
| Shares Outstanding | 173,481,132 | 174,400,428 | 175,224,066 | 175,899,661 | 176,370,705 | 177,186,883 | 177,895,367 | 177,824,343 | 177,681,906 | 177,445,195 | 177,008,649 | · | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $399M | $416M | $435M | $419M | $369M | $294M | $270M | $258M | $272M | $297M | $368M | $316M | $304M | $297M | |
| Stock-based Comp | $67M | $53M | $60M | $60M | $70M | $56M | $47M | $52M | $57M | $40M | $45M | $48M | $55M | $32M | |
| Deferred Tax | $-53M | $-37M | $-140M | $11M | $-17M | $1M | $-231M | $-34M | $-35M | $-48M | $49M | $11M | $-79M | $-113M | |
| Restructuring | · | · | · | · | · | · | · | · | $22M | $23M | · | · | $26M | $21M | |
| Other Non-cash | · | $-311M | · | · | · | $-498M | · | · | · | $225M | · | · | · | · | |
| Operating Cash Flow | $363M | $330M | $428M | $209M | $359M | $188M | $652M | $290M | $323M | $337M | $391M | $554M | $41M | $-49M | |
| CapEx | $14M | $25M | $36M | $13M | $37M | $19M | $57M | $37M | $28M | $22M | $89M | $21M | $31M | $18M | |
| Investing Cash Flow | $-170M | $-172M | $-346M | $-170M | $-2.87B | $-100M | $-164M | $-211M | $-177M | $-259M | $-219M | $-120M | $-136M | $-127M | |
| Net Debt Issued | · | $-744M | · | · | · | $-10M | · | · | · | $-834M | · | · | · | · | |
| Stock Repurchased | $129M | $135M | $279M | $261M | $339M | $244M | $219M | $0 | $0 | $0 | $0 | $46M | · | · | |
| Net Stock Activity | · | $-135M | · | · | · | $-244M | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-55M | $-458M | $-89M | $255M | $2.53B | $-271M | $-225M | $-14M | $-49M | $-181M | $296M | $-149M | $-262M | $2M | |
| Free Cash Flow | · | $305M | · | · | · | $169M | · | · | · | $315M | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.6% | 42.7% | · | 42.9% | 46.8% | 46.6% | · | 46.1% | 49.2% | 47.2% | · | · | · | · | |
| Operating Margin | -3.3% | 1.8% | · | -22.0% | 9.3% | 6.1% | · | 3.0% | 10.2% | 3.6% | · | · | · | · | |
| Net Margin | -6.8% | 4.9% | · | -20.8% | 0.88% | 9.1% | · | -3.5% | 8.2% | -5.2% | · | · | · | · | |
| Pretax Margin | -6.9% | 5.4% | · | -22.0% | 4.9% | 9.7% | · | -4.0% | 9.7% | -4.8% | · | · | · | · | |
| EBITDA Margin | -3.3% | 11.5% | · | -22.0% | 9.3% | 14.1% | · | 3.0% | 10.2% | 12.4% | · | · | · | · | |
| ROA | -1.0% | 0.78% | · | -2.9% | 0.14% | 1.4% | · | -0.89% | 2.4% | -1.5% | · | · | · | · | |
| ROE | -3.1% | 2.2% | · | -8.1% | 0.37% | 3.5% | · | -2.2% | 6.0% | -3.7% | · | · | · | · | |
| ROIC | -0.69% | 0.34% | · | -3.7% | 0.35% | 1.3% | · | 0.50% | 1.9% | 0.83% | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | · | 1.0 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.8 | · | · | · | · | |
| Quick Ratio | 0.3 | 0.3 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | 0.4 | 0.3 | · | · | · | · | |
| Debt / Equity | 1.4 | 1.3 | · | 1.3 | 1.0 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | · | · | · | |
| LT Debt / Equity | 1.4 | 1.3 | · | 1.3 | 1.0 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | · | 0.1 | 0.2 | 0.1 | · | 0.3 | 0.3 | 0.3 | · | · | · | · | |
| Receivables Turnover | 29.7 | 32.6 | · | 31.0 | 35.5 | 38.4 | · | 74.7 | 96.3 | 82.9 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $50.44 | $51.97 | · | $52.55 | $57.92 | $55.66 | · | $57.61 | $55.62 | $53.54 | · | · | · | · | |
| Revenue / Share | $24.72 | $24.32 | · | $21.56 | $23.39 | $20.36 | · | $18.25 | · | · | · | · | · | · | |
| Cash Flow / Share | · | $1.86 | · | · | · | $1.04 | · | · | · | · | · | · | · | · | |
| Cash / Share | $9.01 | $8.67 | · | $9.82 | $9.59 | $8.67 | · | $8.34 | $8.59 | $7.62 | · | · | · | · | |
| EPS (TTM) | $-4.25 | $-2.09 | · | $-1.28 | $2.05 | $2.91 | · | $-5.36 | $-6.33 | $-7.41 | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $17.16B | $17.02B | · | $15.44B | $14.89B | $14.32B | · | $13.57B | $12.88B | $12.27B | · | · | · | · | |
| Net Income TTM | $-866M | $-533M | · | $-261M | $414M | $674M | · | $-896M | $-1.04B | $-1.28B | · | · | · | · | |
| Market Cap | $17.72B | $17.78B | · | $44.68B | $50.40B | $39.26B | · | $42.19B | $32.40B | $35.04B | · | · | · | · | |
| Enterprise Value | $28.14B | $28.23B | · | $55.05B | $58.66B | $44.54B | · | $47.62B | $37.67B | $40.53B | · | · | · | · | |
| P/E | -24.0 | -48.8 | · | -198.4 | 139.4 | 76.1 | · | -44.3 | -28.8 | -26.7 | · | · | · | · | |
| P/S | 1.0 | 1.0 | · | 2.9 | 3.4 | 2.7 | · | 3.1 | 2.5 | 2.9 | · | · | · | · | |
| P/B | 2.0 | 2.0 | · | 4.8 | 4.9 | 4.0 | · | 4.1 | 3.3 | 3.7 | · | · | · | · | |
| P / Cash Flow | · | 53.9 | · | · | · | 208.8 | · | · | · | 104.0 | · | · | · | · | |
| EV / Revenue | 1.6 | 1.7 | · | 3.6 | 3.9 | 3.1 | · | 3.5 | 2.9 | 3.3 | · | · | · | · | |
| Earnings Yield | -4.2% | -2.1% | · | -0.50% | 0.72% | 1.3% | · | -2.3% | -3.5% | -3.8% | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | $16.38B | $14.05B | $11.79B | $9.46B |
| Gross Margin % | 45.2% | 47.7% | · | · |
| Operating Margin % | 0.22% | 6.2% | · | · |
| Net Income | $-407M | $162M | $-1.21B | $-370M |
| Diluted EPS | $-1.75 | $0.24 | $-6.89 | $-2.44 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Debt / Equity | 1.4 | 0.7 | · | · |
| Current Ratio | 1.0 | 0.9 | · | · |
| Quick Ratio | 0.4 | 0.4 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $1.08B | $1.46B | · | · |
Institutional owners (13F) 468 filers · $22.0B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
468
Value held
$22.0B
New positions
68
Exited positions
99
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 68 (-26 vs prior Q) | 99 (-46 vs prior Q) | 152 (-37 vs prior Q) | 179 (+29 vs prior Q) | +4.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $3,437,584,282 | 15,985,790 | 15.61% | Shares |
| CIBC WORLD MARKETS CORP | $1,678,840,504 | 7,807,108 | 7.62% | Shares |
| Parvus Asset Management Europe Ltd | $1,665,864,802 | 7,519,137 | 7.56% | Shares |
| Parvus Asset Management Jersey Ltd | $1,552,097,267 | 15,191,321 | 7.05% | Shares |
| CIBC Bancorp USA Inc. | $1,285,196,397 | 12,579,017 | 5.83% | Shares |
| Capital World Investors | $864,657,694 | 8,462,200 | 3.93% | Shares |
| BlackRock, Inc. | $834,236,606 | 8,165,182 | 3.79% | Shares |
| Caledonia (Private) Investments Pty Ltd | $825,481,085 | 8,079,486 | 3.75% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $683,502,792 | 6,689,858 | 3.10% | Shares |
| HSBC HOLDINGS PLC | $607,196,327 | 5,995,060 | 2.76% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $586,595,773 | 5,741,370 | 2.66% | Shares |
| BANK OF AMERICA CORP /DE/ | $523,716,934 | 5,125,937 | 2.38% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $410,114,638 | 3,984,512 | 1.86% | Shares |
| Amundi | $400,253,427 | 3,917,524 | 1.82% | Shares |
| Capital Research Global Investors | $398,008,992 | 3,895,389 | 1.81% | Shares |
| MORGAN STANLEY | $375,408,684 | 3,674,351 | 1.70% | Shares |
| STATE STREET CORP | $319,402,934 | 3,126,191 | 1.45% | Shares |
| NORGES BANK | $319,095,403 | 3,123,181 | 1.45% | Shares |
| CIBC WORLD MARKET INC. | $316,727,204 | 3,100,002 | 1.44% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $303,730,755 | 2,980,014 | 1.38% | Shares |
| Ilex Capital Partners (UK) LLP | $279,123,536 | 2,731,952 | 1.27% | Shares |
| GOLDMAN SACHS GROUP INC | $192,323,071 | 1,882,383 | 0.87% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $182,454,165 | 1,785,790 | 0.83% | Shares |
| UBS Group AG | $175,601,725 | 1,718,721 | 0.80% | Shares |
| CITADEL ADVISORS LLC | $169,754,229 | 1,661,488 | 0.77% | Shares |
| JANUS HENDERSON GROUP PLC | $163,201,737 | 1,601,605 | 0.74% | Shares |
| Helikon Investments Ltd | $159,911,376 | 1,565,150 | 0.73% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $109,832,750 | 1,075,000 | 0.50% | Put option |
| VANGUARD FIDUCIARY TRUST CO | $109,061,775 | 1,067,454 | 0.50% | Shares |
| CIBC Private Wealth Group LLC | $108,113,234 | 425,641 | 0.49% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $107,330,403 | 1,050,508 | 0.49% | Shares |
| Perpetual Ltd | $93,457,242 | 321,424 | 0.42% | Shares |
| NORTHERN TRUST CORP | $87,570,725 | 857,108 | 0.40% | Shares |
| PointState Capital LP | $87,278,825 | 854,251 | 0.40% | Shares |
| Legal & General Group Plc | $81,481,807 | 797,646 | 0.37% | Shares |
| MILLENNIUM MANAGEMENT LLC | $77,257,787 | 756,169 | 0.35% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $74,559,094 | 732,695 | 0.34% | Shares |
| AMERIPRISE FINANCIAL INC | $64,325,313 | 629,571 | 0.29% | Shares |
| Dodge & Cox | $64,252,465 | 628,878 | 0.29% | Shares |
| FMR LLC | $63,554,943 | 623,740 | 0.29% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $60,993,312 | 597,704 | 0.28% | Shares |
| Lind Value II ApS | $60,655,877 | 593,676 | 0.28% | Shares |
| MIZUHO MARKETS AMERICAS LLC | $52,545,724 | 514,297 | 0.24% | Shares |
| Artemis Investment Management LLP | $51,827,662 | 695,300 | 0.24% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $49,888,418 | 489,342 | 0.23% | Shares |
| EMINENCE CAPITAL, LP | $49,333,605 | 483,900 | 0.22% | Shares |
| Woodline Partners LP | $49,252,070 | 482,060 | 0.22% | Shares |
| WGI DM, LLC | $48,568,451 | 475,369 | 0.22% | Shares |
| DEUTSCHE BANK AG\ | $45,050,125 | 440,933 | 0.20% | Shares |
| HughesLittle Investment Management Ltd. | $43,894,377 | 429,621 | 0.20% | Shares |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Uptrend Trade Limited, Discovery Key Investments Limited, Tang Hao ×5 filings | March 5, 2020 | · | Initial filing | Passive investment | SEC |
| Discovery Key Investments Limited, Tang Hao ×2 filings | June 8, 2017 | · | Initial filing | Passive investment | SEC |
| David Baazov ×6 filings | March 31, 2017 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 19 insiders · 6 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Daniel Mark Taylor | President FLUT; CEO FLUT Intl | Sept. 1, 2026 A | 52,467 | 2 | 1 | $174,183 |
| Jeremy Peter Jackson | Chief Executive Officer | Sept. 1, 2026 S | 70,452 | 1 | 4 | $-894,706 |
| Amy Howe | CEO & President - FanDuel | March 11, 2026 M | 93,838 | 0 | 2 | $-942,099 |
| Robert Coldrake | Chief Financial Officer | Sept. 1, 2026 S | 22,778 | 0 | 3 | $-573,616 |
| James Philip Bishop | Chief Operating Officer | Sept. 1, 2026 S | 16,864 | 1 | 1 | $27,236 |
| Don H Liu | Chief Legal Officer | Sept. 1, 2026 S | 20,441 | 1 | 2 | $-22,888 |
| Stefan Andreas Bomhard | Director | June 2, 2026 A | 3,071 | 1 | 1 | $34,250 |
| Carolan Lennon | Director | June 2, 2026 A | 3,759 | 1 | 1 | $6,453 |
| Nancy Cruickshank | Director | June 2, 2026 A | 4,554 | 0 | 1 | $-14,384 |
| Nancy Dubuc | Director | June 2, 2026 A | 3,332 | 0 | 1 | $-12,775 |
| Christine M Mccarthy | Director | June 2, 2026 A | 3,333 | 0 | 1 | $-12,775 |
| Sally Susman | Director | June 2, 2026 A | 2,071 | 0 | 0 | $0 |
| Holly K Koeppel | Director | June 2, 2026 A | 5,330 | 0 | 1 | $-12,775 |
| John A Bryant | Director | June 2, 2026 A | 12,305 | 1 | 1 | $180,326 |
| David W Kenny | Director | June 2, 2026 A | 2,071 | 0 | 0 | $0 |
| Robert R Bennett | Director | June 2, 2026 A | 3,333 | 0 | 1 | $-12,775 |
| Atif Rafiq | Director | June 4, 2025 S | 2,474 | 0 | 0 | $0 |
| Kenneth Bryan Dart | 10% owner | Aug. 17, 2026 P | · | 64 | 0 | $2,242,196,402 |
| Alfred F Hurley Jr | · | May 28, 2026 S | 4,221 | 0 | 1 | $-12,775 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 47 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| WEBL · Direxion Shares ETF Trust | 0.46% | 4,148 NS | July 31, 2026 | N-PORT |
| GARP · iShares Trust | 0.33% | 100,976 SH | Sept. 11, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.30% | 198,194 SH | Aug. 19, 2026 | Daily |
| IYC · iShares Trust | 0.24% | 28,365 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 39,350 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.20% | 1,992,078 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.20% | 8,549 SH | Sept. 11, 2026 | Daily |
| VOT · VANGUARD INDEX FUNDS | 0.16% | 533,436 SH | Aug. 19, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.15% | 1,013,280 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.14% | 212,039 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.11% | 12,353 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.10% | 580,571 SH | Sept. 11, 2026 | Daily |
| ESGU · iShares Trust | 0.10% | 182,719 SH | Sept. 10, 2026 | Daily |
| IMCB · iShares Trust | 0.10% | 16,560 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.09% | 1,596,348 SH | Aug. 19, 2026 | Daily |
| IMCG · iShares Trust | 0.09% | 36,391 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.07% | 1,508,028 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.06% | 3,182 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.06% | 4,920 SH | Aug. 19, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.05% | 6,350 SH | Oct. 23, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.05% | 5,038 SH | Oct. 23, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 85,466 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.04% | 316,976 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.03% | 661,055 SH | Aug. 19, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.03% | 32,896 SH | Oct. 23, 2026 | Daily |
| USCL · iShares Trust | 0.03% | 7,365 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.02% | 7,479 SH | Sept. 10, 2026 | Daily |
| ITOT · iShares Trust | 0.02% | 227,604 SH | Sept. 11, 2026 | Daily |
| VOTE · TCW ETF Trust | 0.02% | 2,390 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.02% | 2,919 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.02% | 2,738 SH | Sept. 10, 2026 | Daily |
| ILCG · iShares Trust | 0.02% | 6,429 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 4,420,362 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 23,337 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 11,933 SH | Aug. 19, 2026 | Daily |
| IWB · iShares Trust | 0.02% | 97,739 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.02% | 38,916 SH | Sept. 10, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.02% | 22,231 SH | Oct. 23, 2026 | Daily |
| TOK · iShares Trust | 0.02% | 388 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.02% | 12,464 SH | Sept. 10, 2026 | Daily |
| ACWI · iShares Trust | 0.01% | 43,241 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 14,673 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.01% | 1,460 SH | Sept. 10, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.01% | 81,518 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 120,055 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.00% | 2,855 SH | Oct. 23, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 3,066 NS | July 31, 2026 | N-PORT |
FLUT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 38 analysts
BUY
Median target
$120.00
+49.8%
10 26.3%
Strong Buy
18 47.4%
Buy
10 26.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
32 analysts · 2026-10-21Mean target $132.56 +65.5%
← Below all targets
Current price $80.09
Low$85.00
Mean$132.56
High$360.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FLUT | $37.68B | -122.9 | 16.6% | -2.5% | -4.4% | 45.2% |
| LVS | $43.94B | 27.7 | 15.2% | 12.5% | 72.7% | · |
| DKNG | · | -3446.0 | 27.0% | 0.06% | 0.45% | · |
| WYNN | $12.51B | 38.3 | 0.14% | 4.6% | -131.0% | · |
| MGM | $9.43B | 48.0 | 1.7% | 1.2% | 7.5% | · |
| CZR | $4.74B | -9.7 | 2.1% | -4.4% | -13.1% | · |
| CHDN | $7.92B | 8.0 | 7.0% | 13.1% | 37.3% | · |
| RRR | · | 19.9 | 3.7% | 9.3% | 88.8% | · |
| BYD | $6.51B | 3.8 | 4.1% | 45.1% | 88.0% | · |
| RSI | · | 62.7 | 22.8% | 2.9% | 29.5% | · |
| MCRI | $1.71B | 17.6 | 4.4% | 18.6% | 18.8% | 23.4% |
Latest News Recent headlines mentioning this company
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Source: SEC 10-Q filed Aug 5, 2026