Flutter Entertainment plc (FLUT) Financial Ratios
7 years of historical data (2019–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↓
10.72
↓-70% vs avg
5yr avg: 35.41
30Y Low17.5·High54.7
P/FCF
↓
16.42
↓-77% vs avg
5yr avg: 71.01
30Y Low24.4·High142.9
P/B Ratio
↑
1.88
↓-36% vs avg
5yr avg: 2.96
30Y Low1.7·High4.1
ROE
↑
-3.0%
↓+33% vs avg
5yr avg: -4.4%
30Y Low-10%·High3%
Debt/EBITDA
↓
5.25
↓-27% vs avg
5yr avg: 7.16
30Y Low1.3·High10.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FLUT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Flutter Entertainment plc currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 16.4x P/FCF, 77% below the 5-year average of 71.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.7B | $38.5B | $46.5B | $31.7B | $23.9B | $27.7B | $27.4B | $9.2B |
| Enterprise Value | $27.2B | $48.0B | $50.5B | $35.9B | $28.5B | $30.7B | $30.2B | $9.6B |
| P/E Ratio → | -58.86 | — | 1076.88 | — | — | — | 527.95 | 48.32 |
| P/S Ratio | 1.08 | 2.35 | 3.31 | 2.69 | 2.52 | 3.34 | 4.53 | 3.38 |
| P/B Ratio | 1.88 | 3.97 | 4.13 | 2.79 | 1.92 | 1.99 | 1.82 | 1.66 |
| P/FCF | 16.42 | 35.67 | 49.44 | 94.58 | 32.49 | 142.89 | 25.53 | 24.41 |
| P/OCF | 14.96 | 32.51 | 29.04 | 33.81 | 20.51 | 50.13 | 20.10 | 16.80 |
P/E links to full P/E history page with 30-year chart
FLUT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Flutter Entertainment plc's enterprise value stands at 10.7x EBITDA, 70% below its 5-year average of 35.4x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.93 | 3.59 | 3.05 | 3.02 | 3.70 | 5.01 | 3.50 |
| EV / EBITDA | 10.72 | 18.89 | 25.67 | 48.84 | 28.91 | 54.74 | 31.44 | 17.55 |
| EV / EBIT | 26.59 | 101.28 | 99.73 | — | — | — | 85.20 | 50.40 |
| EV / FCF | — | 44.49 | 53.63 | 107.30 | 38.87 | 158.29 | 28.23 | 25.26 |
FLUT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Flutter Entertainment plc earns an operating margin of 6.3%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from -4.7% to 6.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -3.0% indicates the company is currently destroying shareholder equity. ROIC of 4.5% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.2% | 45.2% | 47.7% | 47.4% | 49.1% | 53.3% | 65.1% | 57.6% |
| Operating Margin | 6.3% | 6.3% | 6.2% | -4.7% | -0.9% | -5.4% | 2.3% | 7.9% |
| Net Profit Margin | -1.9% | -1.9% | 0.8% | -10.4% | -4.6% | -11.1% | 0.9% | 6.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -3.0% | -3.0% | 1.0% | -10.3% | -3.3% | -6.4% | 0.5% | 3.3% |
| ROA | -1.2% | -1.2% | 0.4% | -5.0% | -1.8% | -4.0% | 0.3% | 2.6% |
| ROIC | 4.5% | 4.5% | 4.2% | -2.5% | -0.4% | -1.9% | 0.9% | 2.8% |
| ROCE | 4.6% | 4.6% | 4.3% | -2.7% | -0.4% | -2.2% | 1.1% | 3.6% |
FLUT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Flutter Entertainment plc carries a Debt/EBITDA ratio of 5.3x, which is highly leveraged (10% above the sector average of 4.8x). Net debt stands at $9.5B ($13.3B total debt minus $3.8B cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.38 | 1.38 | 0.66 | 0.66 | 0.58 | 0.37 | 0.30 | 0.13 |
| Debt / EBITDA | 5.25 | 5.25 | 3.77 | 10.24 | 7.29 | 9.26 | 4.70 | 1.31 |
| Net Debt / Equity | — | 0.98 | 0.35 | 0.37 | 0.38 | 0.21 | 0.19 | 0.06 |
| Net Debt / EBITDA | 3.74 | 3.74 | 2.00 | 5.79 | 4.74 | 5.33 | 3.01 | 0.59 |
| Debt / FCF | — | 8.82 | 4.19 | 12.72 | 6.38 | 15.41 | 2.70 | 0.85 |
| Interest Coverage | 0.80 | 0.80 | 1.02 | -1.54 | -0.40 | -2.02 | 1.85 | 9.52 |
FLUT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.95x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.8B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.88x to 0.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.95 | 0.95 | 0.95 | 0.88 | 0.87 | 0.95 | 0.74 | 0.41 |
| Quick Ratio | 0.95 | 0.95 | 0.95 | 0.88 | 0.87 | 0.95 | 0.74 | 0.41 |
| Cash Ratio | 0.76 | 0.76 | 0.78 | 0.76 | 0.67 | 0.83 | 0.64 | 0.34 |
| Asset Turnover | — | 0.56 | 0.57 | 0.48 | 0.38 | 0.37 | 0.26 | 0.38 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 4.23 | 12.76 | 10.15 | 10.29 | 7.41 | 7.45 | 3.33 |
FLUT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Flutter Entertainment plc returns 6.3% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 2.2% |
| Payout Ratio | — | — | — | — | — | — | — | 111.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.1% | — | — | — | 0.2% | 2.1% |
| FCF Yield | 6.1% | 2.8% | 2.0% | 1.1% | 3.1% | 0.7% | 3.9% | 4.1% |
| Buyback Yield | 6.3% | 2.9% | 0.5% | 0.7% | 0.0% | 0.9% | 0.0% | 1.2% |
| Total Shareholder Yield | 6.3% | 2.9% | 0.5% | 0.7% | 0.0% | 0.9% | 0.0% | 3.4% |
| Shares Outstanding | — | $179M | $180M | $177M | $177M | $176M | $133M | $80M |
Peer Comparison
Compare FLUT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FLUTYou | $18B | -58.9 | 10.7 | 16.4 | 45.2% | 6.3% | -3.0% | 4.5% | 5.3 |
 DKNG | $13B | -3258.0 | 51.7 | 20.2 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
 MGM | $12B | 61.6 | 32.7 | 7.2 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 CZR | $6B | -12.1 | 9.0 | 11.4 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 BYD | $6B | 3.8 | 7.9 | 16.4 | 42.1% | 21.4% | 88.0% | 12.3% | 2.8 |
 PENN | $3B | -3.7 | 14.7 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 RSI | $3B | 207.8 | 21.9 | 18.9 | 34.6% | 7.7% | 13.3% | — | 0.1 |
 GENI | $2B | -13.9 | — | 24.3 | 23.0% | -15.6% | -17.2% | -16.6% | — |
 LNW | $8B | 26.6 | 11.5 | 24.1 | 70.8% | 21.0% | 48.0% | 11.6% | 3.8 |
 SRAD | $4B | 43.9 | 20.3 | 10.2 | 21.1% | 9.1% | 10.1% | 12.9% | 0.4 |
 PLTK | $1B | -6.3 | 13.9 | 2.5 | 72.5% | 0.0% | — | 0.1% | 11.2 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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FLUT — Frequently Asked Questions
Quick answers to the most common questions about buying FLUT stock.
What is Flutter Entertainment plc's P/E ratio?
Flutter Entertainment plc's current P/E ratio is -58.9x. The historical average is 48.3x.
What is Flutter Entertainment plc's EV/EBITDA?
Flutter Entertainment plc's current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.3x.
What is Flutter Entertainment plc's ROE?
Flutter Entertainment plc's return on equity (ROE) is -3.0%. The historical average is -2.6%.
Is FLUT stock overvalued?
Based on historical data, Flutter Entertainment plc is trading at a P/E of -58.9x. Compare with industry peers and growth rates for a complete picture.
What are Flutter Entertainment plc's profit margins?
Flutter Entertainment plc has 45.2% gross margin and 6.3% operating margin.
How much debt does Flutter Entertainment plc have?
Flutter Entertainment plc's Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.