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Side-by-side financial comparison of Baidu, Inc. (BIDU) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.
Baidu, Inc. is the larger business by last-quarter revenue ($5.0B vs $4.7B, roughly 1.1× Flutter Entertainment plc). Baidu, Inc. runs the higher net margin — 6.0% vs 0.2%, a 5.7% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 14.0%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 7.5%).
Baidu, Inc. is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market, and provides a wide variety of other internet services such as Baidu App, Baidu Baike, iQIYI, and Baidu Tieba.
Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. Flutter is the world's largest online betting company.
BIDU vs FLUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.0B | $4.7B |
| Net Profit | $300.0M | $10.0M |
| Gross Margin | 41.0% | 44.5% |
| Operating Margin | 4.1% | 5.4% |
| Net Margin | 6.0% | 0.2% |
| Revenue YoY | 14.0% | 24.9% |
| Net Profit YoY | -47.1% | -93.6% |
| EPS (diluted) | $0.53 | $0.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.0B | $4.7B | ||
| Q3 25 | $4.4B | $3.8B | ||
| Q2 25 | $4.6B | $4.2B | ||
| Q1 25 | $4.5B | $3.7B | ||
| Q4 24 | $4.4B | $3.8B | ||
| Q3 24 | $4.8B | $3.2B | ||
| Q2 24 | $4.7B | $3.6B | ||
| Q1 24 | $4.4B | $3.4B |
| Q4 25 | $300.0M | $10.0M | ||
| Q3 25 | $-1.6B | $-789.0M | ||
| Q2 25 | $1.0B | $37.0M | ||
| Q1 25 | $1.1B | $335.0M | ||
| Q4 24 | $567.0M | $156.0M | ||
| Q3 24 | $1.1B | $-114.0M | ||
| Q2 24 | $768.0M | $297.0M | ||
| Q1 24 | $811.0M | $-177.0M |
| Q4 25 | 41.0% | 44.5% | ||
| Q3 25 | 41.2% | 42.9% | ||
| Q2 25 | 43.9% | 46.8% | ||
| Q1 25 | 46.1% | 46.6% | ||
| Q4 24 | 49.9% | 48.2% | ||
| Q3 24 | 51.1% | 46.1% | ||
| Q2 24 | 51.7% | 49.2% | ||
| Q1 24 | 51.5% | 47.2% |
| Q4 25 | 4.1% | 5.4% | ||
| Q3 25 | -48.4% | -22.0% | ||
| Q2 25 | 10.0% | 9.3% | ||
| Q1 25 | 13.9% | 6.1% | ||
| Q4 24 | 11.1% | 7.4% | ||
| Q3 24 | 17.6% | 3.0% | ||
| Q2 24 | 17.5% | 10.2% | ||
| Q1 24 | 17.4% | 3.7% |
| Q4 25 | 6.0% | 0.2% | ||
| Q3 25 | -36.3% | -20.8% | ||
| Q2 25 | 22.2% | 0.9% | ||
| Q1 25 | 24.1% | 9.1% | ||
| Q4 24 | 12.8% | 4.1% | ||
| Q3 24 | 23.2% | -3.5% | ||
| Q2 24 | 16.4% | 8.2% | ||
| Q1 24 | 18.6% | -5.2% |
| Q4 25 | $0.53 | $0.00 | ||
| Q3 25 | $-4.76 | $-3.91 | ||
| Q2 25 | $2.84 | $0.59 | ||
| Q1 25 | $2.98 | $1.57 | ||
| Q4 24 | $1.95 | $0.47 | ||
| Q3 24 | $3.08 | $-0.58 | ||
| Q2 24 | — | $1.45 | ||
| Q1 24 | $2.07 | $-1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.5B | $1.8B |
| Total DebtLower is stronger | $5.9B | $12.3B |
| Stockholders' EquityBook value | $38.1B | $9.0B |
| Total Assets | $64.2B | $29.3B |
| Debt / EquityLower = less leverage | 0.16× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.5B | $1.8B | ||
| Q3 25 | $17.5B | $1.7B | ||
| Q2 25 | $17.3B | $1.7B | ||
| Q1 25 | $19.5B | $1.5B | ||
| Q4 24 | $17.5B | $1.5B | ||
| Q3 24 | $18.9B | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $5.9B | $12.3B | ||
| Q3 25 | $2.5B | $12.1B | ||
| Q2 25 | $2.4B | $10.0B | ||
| Q1 25 | $2.3B | $6.8B | ||
| Q4 24 | $4.9B | $6.7B | ||
| Q3 24 | $2.1B | $6.9B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
| Q4 25 | $38.1B | $9.0B | ||
| Q3 25 | $38.6B | $9.2B | ||
| Q2 25 | $39.8B | $10.2B | ||
| Q1 25 | $38.6B | $9.9B | ||
| Q4 24 | $36.1B | $9.3B | ||
| Q3 24 | $38.5B | $10.2B | ||
| Q2 24 | — | $9.9B | ||
| Q1 24 | — | $9.5B |
| Q4 25 | $64.2B | $29.3B | ||
| Q3 25 | $62.4B | $29.3B | ||
| Q2 25 | $62.9B | $29.9B | ||
| Q1 25 | $62.6B | $24.8B | ||
| Q4 24 | $58.6B | $24.5B | ||
| Q3 24 | $59.5B | $25.5B | ||
| Q2 24 | — | $24.3B | ||
| Q1 24 | — | $24.4B |
| Q4 25 | 0.16× | 1.36× | ||
| Q3 25 | 0.07× | 1.31× | ||
| Q2 25 | 0.06× | 0.97× | ||
| Q1 25 | 0.06× | 0.69× | ||
| Q4 24 | 0.14× | 0.72× | ||
| Q3 24 | 0.05× | 0.67× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $428.0M |
| Free Cash FlowOCF − Capex | — | $392.0M |
| FCF MarginFCF / Revenue | — | 8.3% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 5.08× | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $428.0M | ||
| Q3 25 | — | $209.0M | ||
| Q2 25 | $-6.3B | $359.0M | ||
| Q1 25 | — | $188.0M | ||
| Q4 24 | $4.0B | $652.0M | ||
| Q3 24 | — | $290.0M | ||
| Q2 24 | $5.3B | $323.0M | ||
| Q1 24 | — | $337.0M |
| Q4 25 | — | $392.0M | ||
| Q3 25 | — | $196.0M | ||
| Q2 25 | — | $322.0M | ||
| Q1 25 | — | $169.0M | ||
| Q4 24 | — | $595.0M | ||
| Q3 24 | — | $253.0M | ||
| Q2 24 | — | $295.0M | ||
| Q1 24 | — | $315.0M |
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 9.3% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 5.08× | 42.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | -6.26× | 9.70× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | 7.12× | 4.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.88× | 1.09× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIDU
| Legacy Business | $1.8B | 35% |
| Baidu Core AI-powered Business | $1.6B | 32% |
| Other | $1.3B | 26% |
| Others | $357.5M | 7% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
