Flutter Entertainment plc (FLUT) AI Stock Analysis
FLUT AI stock analysis summary
AI ResearchFlutter Entertainment plc (FLUT) is a global sports betting and gaming operator with trailing twelve months revenue of $17.16B. The company generated a 5-year revenue CAGR of 22.1% from FY2020 to FY2025, but posted an annual net loss of -$380.0M in FY2025. As of October 16, 2026, the company trades at a forward P/E of 13.1x and carries $11.00B in net debt.
- Market cap
- $13.12B
- Revenue (TTM)
- $17.16B
- P/E
- — fwd 13.1x
- 1Y return
- -69.7% S&P 500 16.8%
- Avg. target
- $132.56 75.3% vs last close
Bull case
- Revenue grew at a 5-year CAGR of 22.1% from FY2020 through FY2025, reaching $16.38B in FY2025.
- Free cash flow reached $1.08B in FY2025, supporting $1.12B in share buybacks during that fiscal year.
- Wall Street analysts maintain 19 Strong Buy ratings with a mean price target of $132.56, indicating 75.3% upside from $75.60.
Bear case
- The company recorded a net loss of -$380.0M in FY2025 and trailing twelve months EPS of -$4.26.
- Total debt reached $12.56B as of June 30, 2026, with a current ratio of 0.89.
- Flutter's share price dropped 69.7% over the past year, while the S&P 500 rose 16.8%.
What Flutter Entertainment does
Flutter Entertainment plc is a Dublin-headquartered sports betting and gaming company operating across four segments: UK & Ireland, Australia, International, and US. Its brand portfolio includes FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Betfair, and TVG. The company provides sportsbooks, exchange sports betting, daily fantasy sports, pari-mutuel wagering, online casinos, fixed odds games, lottery services, and peer-to-peer games including poker, bingo, and rummy. Additionally, Flutter provides business-to-business services and operates the HRTV horseracing television network.
Growth and profitability
Flutter's annual revenue expanded from $8.31B in FY2021 to $9.46B in FY2022, $11.79B in FY2023, $14.05B in FY2024, and $16.38B in FY2025, representing 16.6% growth in FY2025. Gross margin contracted from 53.3% in FY2021 to 45.2% in FY2025. Operating margin shifted from -5.4% in FY2021 to 6.2% in FY2024 before settling at 3.4% in FY2025. Net income was -$923.0M in FY2021, -$432.0M in FY2022, -$1.22B in FY2023, $109.0M in FY2024, and -$380.0M in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $17.16B with an operating margin of -3.3% and a net margin of -4.4%. Latest quarter revenue grew 3.3% year-over-year, while quarterly earnings declined 21.7%.
Balance sheet and cash flow
As of June 30, 2026, Flutter held $1.56B in cash and short-term investments against total debt of $12.56B, resulting in net debt of $11.00B. Shareholders' equity was $8.75B, reflecting a debt-to-equity ratio of 1.44 and a current ratio of 0.89. In FY2025, the company generated $1.18B in operating cash flow and $1.08B in free cash flow. Capital expenditures were $105.0M, and share buybacks totaled $1.12B for FY2025.
Valuation and performance
At a share price of $75.60 on October 16, 2026, Flutter has a market cap of $13.12B and an enterprise value of $23.91B. The stock trades at a forward P/E of 13.1x, below the median of its US-listed Consumer Cyclical peers of 14.1x. Its price-to-sales multiple is 0.8x compared to the peer median of 0.7x, while its EV-to-EBITDA stands at 14.8x compared to the peer median of 11.1x. Over the past year, Flutter's stock fell 69.7%, trailing the S&P 500 benchmark return of 16.8%.
What analysts expect
Wall Street coverage consists of 19 Strong Buy, 4 Buy, 9 Hold, and 1 Sell ratings. The mean price target is $132.56, representing 75.3% upside compared to the last close of $75.60. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $4.73 on revenue of $17.87B. Over the last 4 quarters, Flutter has beaten EPS estimates 2 times. The company's next earnings date is November 11, 2026.
Key risks and what to watch
- Total debt stood at $12.56B against $1.56B in cash as of June 30, 2026, resulting in a debt-to-equity ratio of 1.44.
- Short interest accounts for 10.7% of the float as of the latest reporting period.
- Gross margin has compressed from 53.3% in FY2021 to 45.2% in FY2025.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FLUT AI stock analysis
This page is an AI-written research summary of Flutter Entertainment plc (FLUT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FLUT income statement, FLUT balance sheet, FLUT key metrics, FLUT analyst forecast, FLUT chart. See the FLUT stock overview for the latest quote and news.
FLUT AI stock analysis FAQ
What brands does Flutter Entertainment operate?
Flutter's brand portfolio includes FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Betfair, and TVG.
Does Flutter Entertainment pay a dividend?
Flutter Entertainment does not currently report a dividend payment or dividend yield.
What is Flutter Entertainment's net debt?
As of June 30, 2026, Flutter had $12.56B in total debt and $1.56B in cash and short-term investments, resulting in net debt of $11.00B.
When does Flutter Entertainment report earnings next?
Flutter's next earnings date is scheduled for November 11, 2026.