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Side-by-side financial comparison of Duke Energy (DUK) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.9B vs $4.7B, roughly 1.7× Flutter Entertainment plc). Duke Energy runs the higher net margin — 20.0% vs 0.2%, a 19.8% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (491.0% vs 24.9%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 5.0%).
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement 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.
DUK vs FLUT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $4.7B |
| Net Profit | $1.6B | $10.0M |
| Gross Margin | — | 44.5% |
| Operating Margin | 34.6% | 5.4% |
| Net Margin | 20.0% | 0.2% |
| Revenue YoY | 491.0% | 24.9% |
| Net Profit YoY | 603.6% | -93.6% |
| EPS (diluted) | — | $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.
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.8B | $4.7B | ||
| Q3 25 | $8.4B | $3.8B | ||
| Q2 25 | $7.4B | $4.2B | ||
| Q1 25 | $8.2B | $3.7B | ||
| Q4 24 | $7.2B | $3.8B | ||
| Q3 24 | $8.1B | $3.2B | ||
| Q2 24 | $7.2B | $3.6B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.2B | $10.0M | ||
| Q3 25 | $1.4B | $-789.0M | ||
| Q2 25 | $984.0M | $37.0M | ||
| Q1 25 | $1.4B | $335.0M | ||
| Q4 24 | $1.2B | $156.0M | ||
| Q3 24 | $1.3B | $-114.0M | ||
| Q2 24 | $900.0M | $297.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 42.9% | ||
| Q2 25 | — | 46.8% | ||
| Q1 25 | — | 46.6% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 46.1% | ||
| Q2 24 | — | 49.2% |
| Q1 26 | 34.6% | — | ||
| Q4 25 | 27.3% | 5.4% | ||
| Q3 25 | 27.9% | -22.0% | ||
| Q2 25 | 24.8% | 9.3% | ||
| Q1 25 | 28.5% | 6.1% | ||
| Q4 24 | 29.2% | 7.4% | ||
| Q3 24 | 26.4% | 3.0% | ||
| Q2 24 | 23.9% | 10.2% |
| Q1 26 | 20.0% | — | ||
| Q4 25 | 15.2% | 0.2% | ||
| Q3 25 | 17.0% | -20.8% | ||
| Q2 25 | 13.3% | 0.9% | ||
| Q1 25 | 16.8% | 9.1% | ||
| Q4 24 | 16.6% | 4.1% | ||
| Q3 24 | 15.8% | -3.5% | ||
| Q2 24 | 12.6% | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.49 | $0.00 | ||
| Q3 25 | $1.81 | $-3.91 | ||
| Q2 25 | $1.25 | $0.59 | ||
| Q1 25 | $1.76 | $1.57 | ||
| Q4 24 | $1.54 | $0.47 | ||
| Q3 24 | $1.60 | $-0.58 | ||
| Q2 24 | $1.13 | $1.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1B | $1.8B |
| Total DebtLower is stronger | $54.1B | $12.3B |
| Stockholders' EquityBook value | $56.5B | $9.0B |
| Total Assets | $198.0B | $29.3B |
| Debt / EquityLower = less leverage | 0.96× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | — | ||
| Q4 25 | $245.0M | $1.8B | ||
| Q3 25 | $688.0M | $1.7B | ||
| Q2 25 | $344.0M | $1.7B | ||
| Q1 25 | $475.0M | $1.5B | ||
| Q4 24 | $314.0M | $1.5B | ||
| Q3 24 | $376.0M | $1.5B | ||
| Q2 24 | $390.0M | $1.5B |
| Q1 26 | $54.1B | — | ||
| Q4 25 | $80.1B | $12.3B | ||
| Q3 25 | — | $12.1B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $76.3B | $6.7B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $6.8B |
| Q1 26 | $56.5B | — | ||
| Q4 25 | $51.8B | $9.0B | ||
| Q3 25 | $51.5B | $9.2B | ||
| Q2 25 | $50.9B | $10.2B | ||
| Q1 25 | $50.7B | $9.9B | ||
| Q4 24 | $50.1B | $9.3B | ||
| Q3 24 | $49.1B | $10.2B | ||
| Q2 24 | $49.7B | $9.9B |
| Q1 26 | $198.0B | — | ||
| Q4 25 | $195.7B | $29.3B | ||
| Q3 25 | $192.3B | $29.3B | ||
| Q2 25 | $189.7B | $29.9B | ||
| Q1 25 | $187.5B | $24.8B | ||
| Q4 24 | $186.3B | $24.5B | ||
| Q3 24 | $183.6B | $25.5B | ||
| Q2 24 | $181.6B | $24.3B |
| Q1 26 | 0.96× | — | ||
| Q4 25 | 1.55× | 1.36× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.52× | 0.72× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.69× |
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 | $-65.0M | $428.0M |
| Free Cash FlowOCF − Capex | — | $392.0M |
| FCF MarginFCF / Revenue | — | 8.3% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | -0.04× | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-65.0M | — | ||
| Q4 25 | $3.7B | $428.0M | ||
| Q3 25 | $3.6B | $209.0M | ||
| Q2 25 | $2.9B | $359.0M | ||
| Q1 25 | $2.2B | $188.0M | ||
| Q4 24 | $3.4B | $652.0M | ||
| Q3 24 | $3.5B | $290.0M | ||
| Q2 24 | $3.0B | $323.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-485.0M | $392.0M | ||
| Q3 25 | $179.0M | $196.0M | ||
| Q2 25 | $-417.0M | $322.0M | ||
| Q1 25 | $-971.0M | $169.0M | ||
| Q4 24 | $288.0M | $595.0M | ||
| Q3 24 | $537.0M | $253.0M | ||
| Q2 24 | $-43.0M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | -6.2% | 8.3% | ||
| Q3 25 | 2.1% | 5.2% | ||
| Q2 25 | -5.7% | 7.7% | ||
| Q1 25 | -11.8% | 4.6% | ||
| Q4 24 | 4.0% | 15.7% | ||
| Q3 24 | 6.6% | 7.8% | ||
| Q2 24 | -0.6% | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | 53.3% | 0.8% | ||
| Q3 25 | 41.2% | 0.3% | ||
| Q2 25 | 44.5% | 0.9% | ||
| Q1 25 | 38.3% | 0.5% | ||
| Q4 24 | 42.7% | 1.5% | ||
| Q3 24 | 36.8% | 1.1% | ||
| Q2 24 | 41.9% | 0.8% |
| Q1 26 | -0.04× | — | ||
| Q4 25 | 3.09× | 42.80× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 2.91× | 9.70× | ||
| Q1 25 | 1.58× | 0.56× | ||
| Q4 24 | 2.80× | 4.18× | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 3.28× | 1.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUK
| Regulated electric | $7.8B | 99% |
| Nonregulated electric and other | $61.0M | 1% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
