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Side-by-side financial comparison of Concentrix Corp (CNXC) 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 $2.6B, roughly 1.9× Concentrix Corp). Flutter Entertainment plc runs the higher net margin — 0.2% vs -57.9%, a 58.2% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 4.3%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $281.2M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 3.1%).

Concentrix Corporation is an American business process outsourcing company headquartered in Newark, California. It was a subsidiary of SYNNEX Corporation since 2006 and went public as an independent company on December 1, 2020. In 2025, Concentrix made it to #426 on the Fortune 500 list.

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.

CNXC vs FLUT — Head-to-Head

Bigger by revenue
FLUT
FLUT
1.9× larger
FLUT
$4.7B
$2.6B
CNXC
Growing faster (revenue YoY)
FLUT
FLUT
+20.6% gap
FLUT
24.9%
4.3%
CNXC
Higher net margin
FLUT
FLUT
58.2% more per $
FLUT
0.2%
-57.9%
CNXC
More free cash flow
FLUT
FLUT
$110.8M more FCF
FLUT
$392.0M
$281.2M
CNXC
Faster 2-yr revenue CAGR
FLUT
FLUT
Annualised
FLUT
18.1%
3.1%
CNXC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNXC
CNXC
FLUT
FLUT
Revenue
$2.6B
$4.7B
Net Profit
$-1.5B
$10.0M
Gross Margin
34.3%
44.5%
Operating Margin
-54.1%
5.4%
Net Margin
-57.9%
0.2%
Revenue YoY
4.3%
24.9%
Net Profit YoY
-1379.2%
-93.6%
EPS (diluted)
$-23.37
$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
CNXC
CNXC
FLUT
FLUT
Q4 25
$2.6B
$4.7B
Q3 25
$2.5B
$3.8B
Q2 25
$2.4B
$4.2B
Q1 25
$2.4B
$3.7B
Q4 24
$2.4B
$3.8B
Q3 24
$2.4B
$3.2B
Q2 24
$2.4B
$3.6B
Q1 24
$2.4B
$3.4B
Net Profit
CNXC
CNXC
FLUT
FLUT
Q4 25
$-1.5B
$10.0M
Q3 25
$88.1M
$-789.0M
Q2 25
$42.1M
$37.0M
Q1 25
$70.3M
$335.0M
Q4 24
$115.7M
$156.0M
Q3 24
$16.6M
$-114.0M
Q2 24
$66.8M
$297.0M
Q1 24
$52.1M
$-177.0M
Gross Margin
CNXC
CNXC
FLUT
FLUT
Q4 25
34.3%
44.5%
Q3 25
34.4%
42.9%
Q2 25
35.1%
46.8%
Q1 25
36.1%
46.6%
Q4 24
35.6%
48.2%
Q3 24
36.2%
46.1%
Q2 24
36.0%
49.2%
Q1 24
35.6%
47.2%
Operating Margin
CNXC
CNXC
FLUT
FLUT
Q4 25
-54.1%
5.4%
Q3 25
5.9%
-22.0%
Q2 25
6.1%
9.3%
Q1 25
7.1%
6.1%
Q4 24
5.9%
7.4%
Q3 24
6.4%
3.0%
Q2 24
6.3%
10.2%
Q1 24
6.2%
3.7%
Net Margin
CNXC
CNXC
FLUT
FLUT
Q4 25
-57.9%
0.2%
Q3 25
3.5%
-20.8%
Q2 25
1.7%
0.9%
Q1 25
3.0%
9.1%
Q4 24
4.7%
4.1%
Q3 24
0.7%
-3.5%
Q2 24
2.8%
8.2%
Q1 24
2.2%
-5.2%
EPS (diluted)
CNXC
CNXC
FLUT
FLUT
Q4 25
$-23.37
$0.00
Q3 25
$1.34
$-3.91
Q2 25
$0.63
$0.59
Q1 25
$1.04
$1.57
Q4 24
$1.72
$0.47
Q3 24
$0.25
$-0.58
Q2 24
$0.98
$1.45
Q1 24
$0.76
$-1.10

Balance Sheet & Financial Strength

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

Metric
CNXC
CNXC
FLUT
FLUT
Cash + ST InvestmentsLiquidity on hand
$327.3M
$1.8B
Total DebtLower is stronger
$4.6B
$12.3B
Stockholders' EquityBook value
$2.7B
$9.0B
Total Assets
$10.8B
$29.3B
Debt / EquityLower = less leverage
1.67×
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNXC
CNXC
FLUT
FLUT
Q4 25
$327.3M
$1.8B
Q3 25
$350.3M
$1.7B
Q2 25
$342.8M
$1.7B
Q1 25
$308.0M
$1.5B
Q4 24
$240.6M
$1.5B
Q3 24
$246.2M
$1.5B
Q2 24
$207.3M
$1.5B
Q1 24
$234.8M
$1.4B
Total Debt
CNXC
CNXC
FLUT
FLUT
Q4 25
$4.6B
$12.3B
Q3 25
$4.8B
$12.1B
Q2 25
$4.9B
$10.0B
Q1 25
$4.9B
$6.8B
Q4 24
$4.7B
$6.7B
Q3 24
$4.9B
$6.9B
Q2 24
$4.9B
$6.8B
Q1 24
$5.0B
$6.8B
Stockholders' Equity
CNXC
CNXC
FLUT
FLUT
Q4 25
$2.7B
$9.0B
Q3 25
$4.3B
$9.2B
Q2 25
$4.3B
$10.2B
Q1 25
$4.0B
$9.9B
Q4 24
$4.0B
$9.3B
Q3 24
$4.2B
$10.2B
Q2 24
$4.1B
$9.9B
Q1 24
$4.1B
$9.5B
Total Assets
CNXC
CNXC
FLUT
FLUT
Q4 25
$10.8B
$29.3B
Q3 25
$12.4B
$29.3B
Q2 25
$12.4B
$29.9B
Q1 25
$11.9B
$24.8B
Q4 24
$12.0B
$24.5B
Q3 24
$12.2B
$25.5B
Q2 24
$12.1B
$24.3B
Q1 24
$12.2B
$24.4B
Debt / Equity
CNXC
CNXC
FLUT
FLUT
Q4 25
1.67×
1.36×
Q3 25
1.10×
1.31×
Q2 25
1.14×
0.97×
Q1 25
1.22×
0.69×
Q4 24
1.17×
0.72×
Q3 24
1.18×
0.67×
Q2 24
1.21×
0.69×
Q1 24
1.23×
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
CNXC
CNXC
FLUT
FLUT
Operating Cash FlowLast quarter
$344.2M
$428.0M
Free Cash FlowOCF − Capex
$281.2M
$392.0M
FCF MarginFCF / Revenue
11.0%
8.3%
Capex IntensityCapex / Revenue
2.5%
0.8%
Cash ConversionOCF / Net Profit
42.80×
TTM Free Cash FlowTrailing 4 quarters
$572.5M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNXC
CNXC
FLUT
FLUT
Q4 25
$344.2M
$428.0M
Q3 25
$224.8M
$209.0M
Q2 25
$236.5M
$359.0M
Q1 25
$1.4M
$188.0M
Q4 24
$284.4M
$652.0M
Q3 24
$191.6M
$290.0M
Q2 24
$238.3M
$323.0M
Q1 24
$-46.9M
$337.0M
Free Cash Flow
CNXC
CNXC
FLUT
FLUT
Q4 25
$281.2M
$392.0M
Q3 25
$159.7M
$196.0M
Q2 25
$180.7M
$322.0M
Q1 25
$-49.2M
$169.0M
Q4 24
$224.5M
$595.0M
Q3 24
$128.9M
$253.0M
Q2 24
$178.3M
$295.0M
Q1 24
$-102.9M
$315.0M
FCF Margin
CNXC
CNXC
FLUT
FLUT
Q4 25
11.0%
8.3%
Q3 25
6.4%
5.2%
Q2 25
7.5%
7.7%
Q1 25
-2.1%
4.6%
Q4 24
9.2%
15.7%
Q3 24
5.4%
7.8%
Q2 24
7.5%
8.2%
Q1 24
-4.3%
9.3%
Capex Intensity
CNXC
CNXC
FLUT
FLUT
Q4 25
2.5%
0.8%
Q3 25
2.6%
0.3%
Q2 25
2.3%
0.9%
Q1 25
2.1%
0.5%
Q4 24
2.4%
1.5%
Q3 24
2.6%
1.1%
Q2 24
2.5%
0.8%
Q1 24
2.3%
0.6%
Cash Conversion
CNXC
CNXC
FLUT
FLUT
Q4 25
42.80×
Q3 25
2.55×
Q2 25
5.62×
9.70×
Q1 25
0.02×
0.56×
Q4 24
2.46×
4.18×
Q3 24
11.52×
Q2 24
3.57×
1.09×
Q1 24
-0.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNXC
CNXC

Technology And Consumer Electronics$675.1M26%
Retail Travel And Ecommerce$643.4M25%
Communications And Media$417.2M16%
Banking Financial Services And Insurance$402.6M16%
Other Industries$229.7M9%
Other$185.0M7%

FLUT
FLUT

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

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