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Side-by-side financial comparison of CNH Industrial N.V. (CNH) 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 $4.5B, roughly 1.1× CNH Industrial N.V.). CNH Industrial N.V. 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 7.8%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 3.8%).

CNH Industrial NV is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, incl...

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.

CNH vs FLUT — Head-to-Head

Bigger by revenue
FLUT
FLUT
1.1× larger
FLUT
$4.7B
$4.5B
CNH
Growing faster (revenue YoY)
FLUT
FLUT
+17.1% gap
FLUT
24.9%
7.8%
CNH
Higher net margin
CNH
CNH
1.7% more per $
CNH
1.9%
0.2%
FLUT
Faster 2-yr revenue CAGR
FLUT
FLUT
Annualised
FLUT
18.1%
3.8%
CNH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNH
CNH
FLUT
FLUT
Revenue
$4.5B
$4.7B
Net Profit
$86.0M
$10.0M
Gross Margin
18.4%
44.5%
Operating Margin
3.0%
5.4%
Net Margin
1.9%
0.2%
Revenue YoY
7.8%
24.9%
Net Profit YoY
-18.9%
-93.6%
EPS (diluted)
$0.08
$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.

Revenue
CNH
CNH
FLUT
FLUT
Q4 25
$4.5B
$4.7B
Q3 25
$3.7B
$3.8B
Q2 25
$4.0B
$4.2B
Q1 25
$3.2B
$3.7B
Q4 24
$4.1B
$3.8B
Q3 24
$4.0B
$3.2B
Q2 24
$4.8B
$3.6B
Q1 24
$4.1B
$3.4B
Net Profit
CNH
CNH
FLUT
FLUT
Q4 25
$86.0M
$10.0M
Q3 25
$80.0M
$-789.0M
Q2 25
$213.0M
$37.0M
Q1 25
$131.0M
$335.0M
Q4 24
$106.0M
$156.0M
Q3 24
$306.0M
$-114.0M
Q2 24
$433.0M
$297.0M
Q1 24
$401.0M
$-177.0M
Gross Margin
CNH
CNH
FLUT
FLUT
Q4 25
18.4%
44.5%
Q3 25
19.1%
42.9%
Q2 25
20.6%
46.8%
Q1 25
19.0%
46.6%
Q4 24
19.5%
48.2%
Q3 24
21.7%
46.1%
Q2 24
22.9%
49.2%
Q1 24
22.7%
47.2%
Operating Margin
CNH
CNH
FLUT
FLUT
Q4 25
3.0%
5.4%
Q3 25
1.4%
-22.0%
Q2 25
6.8%
9.3%
Q1 25
5.1%
6.1%
Q4 24
5.8%
7.4%
Q3 24
9.6%
3.0%
Q2 24
11.1%
10.2%
Q1 24
11.6%
3.7%
Net Margin
CNH
CNH
FLUT
FLUT
Q4 25
1.9%
0.2%
Q3 25
2.2%
-20.8%
Q2 25
5.3%
0.9%
Q1 25
4.1%
9.1%
Q4 24
2.6%
4.1%
Q3 24
7.7%
-3.5%
Q2 24
9.0%
8.2%
Q1 24
9.7%
-5.2%
EPS (diluted)
CNH
CNH
FLUT
FLUT
Q4 25
$0.08
$0.00
Q3 25
$0.06
$-3.91
Q2 25
$0.17
$0.59
Q1 25
$0.10
$1.57
Q4 24
$0.10
$0.47
Q3 24
$0.24
$-0.58
Q2 24
$0.34
$1.45
Q1 24
$0.31
$-1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNH
CNH
FLUT
FLUT
Cash + ST InvestmentsLiquidity on hand
$2.6B
$1.8B
Total DebtLower is stronger
$12.3B
Stockholders' EquityBook value
$7.8B
$9.0B
Total Assets
$42.7B
$29.3B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNH
CNH
FLUT
FLUT
Q4 25
$2.6B
$1.8B
Q3 25
$2.3B
$1.7B
Q2 25
$2.5B
$1.7B
Q1 25
$1.7B
$1.5B
Q4 24
$3.2B
$1.5B
Q3 24
$1.8B
$1.5B
Q2 24
$2.0B
$1.5B
Q1 24
$3.2B
$1.4B
Total Debt
CNH
CNH
FLUT
FLUT
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
Stockholders' Equity
CNH
CNH
FLUT
FLUT
Q4 25
$7.8B
$9.0B
Q3 25
$7.8B
$9.2B
Q2 25
$7.8B
$10.2B
Q1 25
$7.9B
$9.9B
Q4 24
$7.7B
$9.3B
Q3 24
$7.7B
$10.2B
Q2 24
$7.6B
$9.9B
Q1 24
$8.0B
$9.5B
Total Assets
CNH
CNH
FLUT
FLUT
Q4 25
$42.7B
$29.3B
Q3 25
$43.3B
$29.3B
Q2 25
$43.7B
$29.9B
Q1 25
$42.1B
$24.8B
Q4 24
$42.9B
$24.5B
Q3 24
$44.0B
$25.5B
Q2 24
$44.0B
$24.3B
Q1 24
$45.7B
$24.4B
Debt / Equity
CNH
CNH
FLUT
FLUT
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
CNH
CNH
FLUT
FLUT
Operating Cash FlowLast quarter
$945.0M
$428.0M
Free Cash FlowOCF − Capex
$392.0M
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
10.99×
42.80×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNH
CNH
FLUT
FLUT
Q4 25
$945.0M
$428.0M
Q3 25
$659.0M
$209.0M
Q2 25
$772.0M
$359.0M
Q1 25
$162.0M
$188.0M
Q4 24
$1.7B
$652.0M
Q3 24
$791.0M
$290.0M
Q2 24
$379.0M
$323.0M
Q1 24
$-894.0M
$337.0M
Free Cash Flow
CNH
CNH
FLUT
FLUT
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
FCF Margin
CNH
CNH
FLUT
FLUT
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%
Capex Intensity
CNH
CNH
FLUT
FLUT
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%
Cash Conversion
CNH
CNH
FLUT
FLUT
Q4 25
10.99×
42.80×
Q3 25
8.24×
Q2 25
3.62×
9.70×
Q1 25
1.24×
0.56×
Q4 24
15.96×
4.18×
Q3 24
2.58×
Q2 24
0.88×
1.09×
Q1 24
-2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNH
CNH

Agricultural Equipment Segment$3.6B81%
Construction Equipment Segment$853.0M19%
Services$18.0M0%

FLUT
FLUT

Other$2.6B55%
Sports Book$1.5B32%
Igaming$586.0M12%
Service Other$59.0M1%

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