Flutter Entertainment plc (FLUT) Key Metrics
FLUT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $13.12B
- Enterprise value
- $23.91B
- P/E (TTM)
- —
- Forward P/E
- 13.1
- PEG ratio
- 0.19
- Price / sales
- 0.8 10-yr median 2.7
- Price / book
- 1.8 10-yr median 4.3
- EV / EBITDA
- 14.8 10-yr median 31.4
- Dividend yield
- —
- Beta
- 1.14
FLUT key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFLUT valuation Price multiples at each fiscal year-end price.
FLUT returns How much profit the business earns on the capital it uses.
FLUT per-share figures Results divided by the shares outstanding at year-end.
FLUT financial health Debt, liquidity and how easily interest is covered.
FLUT efficiency & capital use Working capital cycle and where the cash goes.
FLUT valuation history
FLUT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FLUT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FLUT cash returned to shareholders
FLUT price vs earnings per share
FLUT key metrics
2019–2025| 2025 | 2024 | 2023 | 2019 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $38.49B | $46.52B | $31.68B | — |
| Enterprise value | $47.99B | $50.33B | $35.77B | — |
| P/E ratio | — | 426.8 | — | — |
| Price / sales | 2.3 | 3.3 | 2.7 | — |
| Price / book | 4.3 | 5.0 | 3.2 | — |
| Price / free cash flow | 35.7 | 49.4 | 94.6 | — |
| Price / operating cash flow | 32.5 | 29.0 | 33.8 | — |
| EV / sales | 2.9 | 3.6 | 3.0 | — |
| EV / EBITDA | 24.2 | 31.4 | 57.3 | — |
| EV / free cash flow | 44.5 | 53.5 | 106.8 | — |
| Earnings yield | −1.0% | 0.2% | −3.9% | — |
| Free cash flow yield | 2.8% | 2.0% | 1.1% | — |
| Shareholder yield (dividends + buybacks) | 2.9% | 0.5% | 0.7% | — |
| Share price at fiscal year-end | $215.04 | $258.45 | $179.00 | — |
| Per share | ||||
| Revenue per share | $91.53 | $78.04 | $66.61 | $33.99 |
| Earnings per share | −$2.12 | $0.61 | −$6.90 | $2.29 |
| Operating cash flow per share | $6.61 | $8.90 | $5.29 | $6.85 |
| Free cash flow per share | $6.03 | $5.23 | $1.89 | $4.71 |
| Cash per share | $21.54 | $19.95 | $19.45 | $4.90 |
| Book value per share | $50.49 | $51.63 | $56.75 | $65.72 |
| Tangible book value per share | −$77.13 | −$52.35 | −$54.14 | −$11.45 |
| Dividends per share | — | — | — | $2.55 |
| Capex per share | $0.59 | $3.67 | $3.40 | $2.14 |
| Debt per share | $74.57 | $41.12 | $42.56 | $8.92 |
| Shares outstanding | 179.0M | 180.0M | 177.0M | 80.3M |
| Change in shares outstanding | −0.6% | +1.7% | +120.3% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −4.1% | 1.1% | −12.2% | 3.5% |
| Return on invested capital (ROIC) | 2.8% | 6.4% | −3.1% | 3.2% |
| Return on assets (ROA) | −1.4% | 0.4% | −5.0% | 2.6% |
| Return on tangible assets | −5.9% | 1.9% | −24.4% | 19.2% |
| Free cash flow margin | 6.6% | 6.7% | 2.8% | 13.9% |
| Income quality (OCF / net income) | — | 14.70 | — | 2.99 |
| Financial health | ||||
| Total debt | $13.35B | $7.40B | $7.53B | $716.3M |
| Cash & short-term investments | $3.85B | $3.59B | $3.44B | $393.7M |
| Net debt | $9.49B | $3.81B | $4.09B | $322.6M |
| Debt / equity | 1.48 | 0.80 | 0.75 | 0.14 |
| Debt / assets | 0.46 | 0.30 | 0.31 | 0.10 |
| Net debt / EBITDA | 4.78 | 2.38 | 6.55 | 0.62 |
| Current ratio | 0.95 | 0.95 | 0.88 | 0.41 |
| Quick ratio | 0.95 | 0.95 | 0.88 | 0.41 |
| Interest coverage | 0.9 | 1.7 | -1.3 | 10.8 |
| Working capital | −$247.0M | −$246.0M | −$550.0M | −$693.8M |
| Invested capital | $18.53B | $13.10B | $14.13B | $5.60B |
| Tangible asset value | −$13.15B | −$7.45B | −$8.26B | −$648.1M |
| Net current asset value | −$14.79B | −$8.90B | −$9.29B | −$1.13B |
| Graham number | — | $26.52 | — | $58.15 |
| Graham net-net per share | −$85.29 | −$51.57 | −$54.11 | −$14.85 |
| Capital allocation | ||||
| Dividends paid | — | — | — | $204.8M |
| Share buybacks (net) | $1.12B | $219.0M | $212.0M | $113.8M |
| Dividend payout ratio | — | — | — | 111.5% |
| Dividends + buybacks / free cash flow | 104.1% | 23.3% | 63.3% | 84.2% |
| Capex / revenue | 0.6% | 4.7% | 5.1% | 6.3% |
| Capex / operating cash flow | 8.9% | 41.3% | 64.2% | 31.2% |
| Capex / depreciation | 0.07 | 0.60 | 0.47 | 0.51 |
| Stock-based compensation / revenue | 1.5% | 1.4% | 1.6% | 0.8% |
| R&D / revenue | 6.0% | 5.8% | 6.5% | 2.5% |
| SG&A / revenue | 35.8% | 35.7% | 45.6% | — |
| Efficiency | ||||
| Days sales outstanding | 12.3 | 10.6 | 10.2 | 3.3 |
| Days of inventory on hand | — | — | 0.0 | 0.0 |
| Days payables outstanding | 13.3 | 12.6 | 14.1 | 10.6 |
| Cash conversion cycle (days) | -1.0 | -1.9 | -4.0 | -7.2 |
| Receivables turnover | 29.68 | 34.31 | 35.95 | 109.62 |
| Payables turnover | 27.54 | 29.04 | 25.84 | 34.57 |
| Inventory turnover | — | — | 6,202,000,000.00 | 1,158,498,568.00 |
| Asset turnover | 0.61 | 0.57 | 0.48 | 0.38 |
| Average receivables | $552.0M | $409.5M | $328.0M | $24.9M |
| Average payables | $326.0M | $253.0M | $240.0M | $33.5M |
| Average inventory | — | — | $1 | $1 |
| Intangibles / total assets | 78.0% | 76.4% | 79.7% | 86.6% |
Computed from FLUT's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FLUT valuation and financial ratios
Flutter Entertainment earned a return on equity of −4.1% and a return on invested capital of 2.8% in fiscal 2025. It ended the year with $13.3 billion of debt and $3.9 billion in cash and short-term investments, net debt of $9.5 billion. It returned $1.1 billion to shareholders: $0 in dividends and $1.1 billion in share buybacks, 104% of free cash flow.
See the FLUT income statement, the FLUT chart for price history, or the FLUT stock overview for the latest quote and news.
FLUT key metrics FAQ
What is Flutter Entertainment's EV/EBITDA?
Flutter Entertainment's enterprise value was 24.2 times EBITDA at the end of fiscal 2025 (enterprise value $48.0 billion, EBITDA $2.0 billion); the current EV/EBITDA is 14.8.
What is Flutter Entertainment's return on equity?
Flutter Entertainment's return on equity (ROE) was −4.1% in fiscal 2025: net income of -$380.0 million on average shareholders' equity of $9.2 billion.
What is Flutter Entertainment's ROIC?
Flutter Entertainment's return on invested capital was 2.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Flutter Entertainment have?
Flutter Entertainment had total debt of $13.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.48 and $9.5 billion of net debt (4.78 times EBITDA).
Does Flutter Entertainment buy back its shares?
Yes. Flutter Entertainment spent $1.1 billion on net share repurchases in fiscal 2025 Shares outstanding changed −0.6% over the year, to 179.0M..
What is Flutter Entertainment's free cash flow yield?
Flutter Entertainment generated $1.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.8% on its market value at year-end ($38.5 billion).
What is Flutter Entertainment's current ratio?
Flutter Entertainment's current ratio was 0.95 at the end of fiscal 2025: current assets were 0.95 times current liabilities.