Flutter Entertainment (FLUT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Flutter Entertainment

NYSE•Consumer Cyclical•Gambling

$100.11-2.23(-0.02%)Pre-market

Market Cap

$17.05B

P/S

1.0x

P/B

1.9x

Flutter Entertainment plc operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally. It provides sportsbooks; iGaming products, such as blackjack, roulette, slot machines, poker, and rummy, as well as lottery products; and sports betting products, which include Betfair betting exchanges, daily fantasy sports, and horse racing wagering under the TVG brand. The company offers sports betting and gaming services through fanduel.com, tvg.com, betfair.com, paddypower.com, and paddypower.ie, sportsbet.com.au, pokerstars.com, betfair.com, sisal.it, maxbet.rs, and adjarabet.com websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, TVG, Adjarabet, and MaxBet brands, as well as live poker tours and events. It also provides business-to-business pricing and risk management services. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. Flutter Entertainment plc was incorporated in 1958 and is headquartered in New York, New York.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Cash & Earnings Quality (18/25); weakest: Profitability (6/25).

Profitability6/25

Growth17/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality18/25

Strengths

Growing revenueCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 122.2x5y range 58.5x – 283.5x

P/S · 1.0x5y range 1.0x – 3.4x

Currently below its 7-quarter median.

P/B · 1.9x5y range 1.9x – 5.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 170.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $17.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $17.16B
Q. Revenue: $4.33B
TTM EBITDA: $1.82B
TTM Op. Income: $-641.00M
Q. Op. Income: $-144.00M
TTM Net Income: $-866.00M
Q. Net Income: $-296.00M
EPS: $-1.57
Shares Out.: $175.00M

$17.16B in TTM revenue grew 15.2% YoY, reaching $4.33B last quarter. TTM EBITDA of $1.82B and TTM operating income of $-641.00M show growth is flowing through to the bottom line. However, net income is negative at $866.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 39.6%
EBITDA Margin: 5.9%
Op. Margin: -3.3%
Net Margin: -6.8%

Op. margin of -3.3% is down 12.6% YoY — costs are rising relative to revenue. Net margin at -6.8% and gross margin of 39.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.0x
P/B Ratio: 1.9x

P/S of 1.0x and P/B of 1.9x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $28.21B
Cash: $1.56B
Long-Term Debt: $11.87B
Book Value: $8.75B
D/E Ratio: 1.4
Debt/EBITDA: 46.6

With $28.21B in assets and $11.87B in long-term debt, D/E is 1.4and book value is $8.75B — moderate leverage. Over the past year, debt/equity is up 40% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $363.00M
TTM Free Cash Flow: $1.24B
FCF Margin: 7.2%
FCF / Net Income: -1.4

TTM FCF of $1.24B on $363.00M in operating cash flow. The FCF / Net Income ratio of -1.4x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.