The Tip Desk

Flutter Entertainment plc

Company Stats

Market Cap
$12.9B
as of Sep 30, 2026
Enterprise Value
$23.5B
Shares Outstanding
173.5M
Free Float
77.7%

Income Statement

Revenue
$16.4B
Operating Income
$36.0M
Net Income
-$407.0M
EBITDA
$1.6B
Non-cash Impairment
$561.0M
Revenue Growth, 3Y
20.1%
FCF Margin, 3Y Avg
7.9%
FCF Margin, Worst Year
6.6%

Cash Flow

Free Cash Flow
$1.1B
FCF Yield
8.3%
Owner FCF Yield
6.4%

Balance Sheet

Cash & Equivalents
$1.8B
Total Debt
$12.4B
Net Debt
$10.5B
Net Debt / EBITDA
6.78x
EV / EBITDA
15.11x
Net Debt / EBIT
292.53x

Returns & Capital

Share Repurchases
$1.1B
Buyback Yield, 3Y Avg
4.0%
SBC, 3Y Avg
$207.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$16.4B$1.1B6.6%
FY2024$14.0B$1.5B10.4%
FY2023$11.8B$778.0M6.6%
FY2022$9.5B$1.0B11.0%

Annual filing data through FY ended December 31, 2025; shares and float as of November 1, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage