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Side-by-side financial comparison of Chewy, Inc. (CHWY) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $3.1B, roughly 1.5× Chewy, Inc.). Chewy, Inc. runs the higher net margin — 1.9% vs 0.2%, a 1.7% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 8.3%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $175.8M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 4.6%).
Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Plantation, Florida. Chewy went public in 2019 with the ticker symbol CHWY on the New York Stock Exchange.
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.
CHWY vs FLUT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $4.7B |
| Net Profit | $59.2M | $10.0M |
| Gross Margin | 29.8% | 44.5% |
| Operating Margin | 2.1% | 5.4% |
| Net Margin | 1.9% | 0.2% |
| Revenue YoY | 8.3% | 24.9% |
| Net Profit YoY | 1405.6% | -93.6% |
| EPS (diluted) | $0.14 | $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 | $3.1B | $4.7B | ||
| Q3 25 | $3.1B | $3.8B | ||
| Q2 25 | $3.1B | $4.2B | ||
| Q1 25 | $3.2B | $3.7B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $2.9B | $3.2B | ||
| Q2 24 | $2.9B | $3.6B | ||
| Q1 24 | $2.8B | $3.4B |
| Q4 25 | $59.2M | $10.0M | ||
| Q3 25 | $62.0M | $-789.0M | ||
| Q2 25 | $62.4M | $37.0M | ||
| Q1 25 | $22.8M | $335.0M | ||
| Q4 24 | $3.9M | $156.0M | ||
| Q3 24 | $299.1M | $-114.0M | ||
| Q2 24 | $66.9M | $297.0M | ||
| Q1 24 | $34.3M | $-177.0M |
| Q4 25 | 29.8% | 44.5% | ||
| Q3 25 | 30.4% | 42.9% | ||
| Q2 25 | 29.6% | 46.8% | ||
| Q1 25 | 28.5% | 46.6% | ||
| Q4 24 | 29.3% | 48.2% | ||
| Q3 24 | 29.5% | 46.1% | ||
| Q2 24 | 29.7% | 49.2% | ||
| Q1 24 | 28.2% | 47.2% |
| Q4 25 | 2.1% | 5.4% | ||
| Q3 25 | 2.2% | -22.0% | ||
| Q2 25 | 2.5% | 9.3% | ||
| Q1 25 | -0.3% | 6.1% | ||
| Q4 24 | 0.9% | 7.4% | ||
| Q3 24 | 1.1% | 3.0% | ||
| Q2 24 | 2.2% | 10.2% | ||
| Q1 24 | -0.7% | 3.7% |
| Q4 25 | 1.9% | 0.2% | ||
| Q3 25 | 2.0% | -20.8% | ||
| Q2 25 | 2.0% | 0.9% | ||
| Q1 25 | 0.7% | 9.1% | ||
| Q4 24 | 0.1% | 4.1% | ||
| Q3 24 | 10.5% | -3.5% | ||
| Q2 24 | 2.3% | 8.2% | ||
| Q1 24 | 1.2% | -5.2% |
| Q4 25 | $0.14 | $0.00 | ||
| Q3 25 | $0.14 | $-3.91 | ||
| Q2 25 | $0.15 | $0.59 | ||
| Q1 25 | $0.07 | $1.57 | ||
| Q4 24 | $0.01 | $0.47 | ||
| Q3 24 | $0.68 | $-0.58 | ||
| Q2 24 | $0.15 | $1.45 | ||
| Q1 24 | $0.08 | $-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 | $701.5M | $1.8B |
| Total DebtLower is stronger | — | $12.3B |
| Stockholders' EquityBook value | $469.4M | $9.0B |
| Total Assets | $3.3B | $29.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $701.5M | $1.8B | ||
| Q3 25 | $591.8M | $1.7B | ||
| Q2 25 | $616.4M | $1.7B | ||
| Q1 25 | $596.7M | $1.5B | ||
| Q4 24 | $507.5M | $1.5B | ||
| Q3 24 | $695.0M | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $1.4B |
| Q4 25 | — | $12.3B | ||
| Q3 25 | — | $12.1B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
| Q4 25 | $469.4M | $9.0B | ||
| Q3 25 | $389.9M | $9.2B | ||
| Q2 25 | $375.6M | $10.2B | ||
| Q1 25 | $261.5M | $9.9B | ||
| Q4 24 | $223.4M | $9.3B | ||
| Q3 24 | $486.7M | $10.2B | ||
| Q2 24 | $642.9M | $9.9B | ||
| Q1 24 | $510.2M | $9.5B |
| Q4 25 | $3.3B | $29.3B | ||
| Q3 25 | $3.1B | $29.3B | ||
| Q2 25 | $3.1B | $29.9B | ||
| Q1 25 | $3.0B | $24.8B | ||
| Q4 24 | $3.0B | $24.5B | ||
| Q3 24 | $3.1B | $25.5B | ||
| Q2 24 | $3.2B | $24.3B | ||
| Q1 24 | $3.2B | $24.4B |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 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 | $207.9M | $428.0M |
| Free Cash FlowOCF − Capex | $175.8M | $392.0M |
| FCF MarginFCF / Revenue | 5.6% | 8.3% |
| Capex IntensityCapex / Revenue | 1.0% | 0.8% |
| Cash ConversionOCF / Net Profit | 3.51× | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | $487.0M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $207.9M | $428.0M | ||
| Q3 25 | $133.9M | $209.0M | ||
| Q2 25 | $86.4M | $359.0M | ||
| Q1 25 | $207.5M | $188.0M | ||
| Q4 24 | $183.5M | $652.0M | ||
| Q3 24 | $123.4M | $290.0M | ||
| Q2 24 | $81.9M | $323.0M | ||
| Q1 24 | $98.9M | $337.0M |
| Q4 25 | $175.8M | $392.0M | ||
| Q3 25 | $105.9M | $196.0M | ||
| Q2 25 | $48.7M | $322.0M | ||
| Q1 25 | $156.6M | $169.0M | ||
| Q4 24 | $151.8M | $595.0M | ||
| Q3 24 | $91.5M | $253.0M | ||
| Q2 24 | $52.6M | $295.0M | ||
| Q1 24 | $66.5M | $315.0M |
| Q4 25 | 5.6% | 8.3% | ||
| Q3 25 | 3.4% | 5.2% | ||
| Q2 25 | 1.6% | 7.7% | ||
| Q1 25 | 4.8% | 4.6% | ||
| Q4 24 | 5.3% | 15.7% | ||
| Q3 24 | 3.2% | 7.8% | ||
| Q2 24 | 1.8% | 8.2% | ||
| Q1 24 | 2.3% | 9.3% |
| Q4 25 | 1.0% | 0.8% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 1.2% | 0.9% | ||
| Q1 25 | 1.6% | 0.5% | ||
| Q4 24 | 1.1% | 1.5% | ||
| Q3 24 | 1.1% | 1.1% | ||
| Q2 24 | 1.0% | 0.8% | ||
| Q1 24 | 1.1% | 0.6% |
| Q4 25 | 3.51× | 42.80× | ||
| Q3 25 | 2.16× | — | ||
| Q2 25 | 1.38× | 9.70× | ||
| Q1 25 | 9.10× | 0.56× | ||
| Q4 24 | 46.66× | 4.18× | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 1.22× | 1.09× | ||
| Q1 24 | 2.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHWY
Segment breakdown not available.
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
