Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
FLUT · NYSE · United States · Services-Computer Programming, Data Processing, Etc.
In shortFlutter Entertainment plc is loss-making, generates cash and carries moderate debt, with revenue growing (+16.6% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 0.2% | 17/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -1.9% | 12/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -3.4% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 0.1% | 1/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.95× | 13/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.36× | 36/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 6.71× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.06× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.34 | 6/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 6.6% | 46/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 113.2% | 0/100 |
| Operating margin volatility | 6.0% | 54/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 20.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY19 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,528 | 9,463 | 11,790 | 14,048 | 16,383 |
| Cost of revenue | 693 | 4,813 | 6,202 | 7,346 | 8,979 |
| Gross profit | 1,835 | 4,650 | 5,588 | 6,702 | 7,404 |
| Research & development | 55 | 552 | 765 | 820 | 991 |
| Selling, general & admin | 1,155 | – | – | – | – |
| Operating income | 264 | (88) | (549) | 869 | 36 |
| Interest expense | 203 | 216 | 424 | 480 | 576 |
| Pre-tax income | 62 | (295) | (1,091) | 16 | (121) |
| Income tax | (0.2) | 75 | 120 | (146) | 286 |
| Net income | 63 | (432) | (1,222) | 43 | (310) |
| Diluted EPS | $0.22 | −$2.44 | −$6.89 | $0.24 | −$1.75 |
| Diluted shares (millions) | 284 | 177 | 177 | 180 | 177 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
1.34 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026