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Side-by-side financial comparison of DaVita (DVA) 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 $3.6B, roughly 1.3× DaVita). DaVita runs the higher net margin — 6.5% vs 0.2%, a 6.3% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 12.3%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 6.6%).
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
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.
DVA vs FLUT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $4.7B |
| Net Profit | $234.2M | $10.0M |
| Gross Margin | — | 44.5% |
| Operating Margin | 15.5% | 5.4% |
| Net Margin | 6.5% | 0.2% |
| Revenue YoY | 12.3% | 24.9% |
| Net Profit YoY | 43.8% | -93.6% |
| EPS (diluted) | $3.22 | $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 | $3.6B | — | ||
| Q4 25 | $3.6B | $4.7B | ||
| Q3 25 | $3.4B | $3.8B | ||
| Q2 25 | $3.4B | $4.2B | ||
| Q1 25 | $3.2B | $3.7B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $3.2B | ||
| Q2 24 | $3.2B | $3.6B |
| Q1 26 | $234.2M | — | ||
| Q4 25 | $234.2M | $10.0M | ||
| Q3 25 | $150.3M | $-789.0M | ||
| Q2 25 | $199.3M | $37.0M | ||
| Q1 25 | $162.9M | $335.0M | ||
| Q4 24 | $259.3M | $156.0M | ||
| Q3 24 | $214.7M | $-114.0M | ||
| Q2 24 | $222.7M | $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 | 15.5% | — | ||
| Q4 25 | 15.5% | 5.4% | ||
| Q3 25 | 14.8% | -22.0% | ||
| Q2 25 | 15.9% | 9.3% | ||
| Q1 25 | 13.6% | 6.1% | ||
| Q4 24 | 17.2% | 7.4% | ||
| Q3 24 | 16.4% | 3.0% | ||
| Q2 24 | 15.9% | 10.2% |
| Q1 26 | 6.5% | — | ||
| Q4 25 | 6.5% | 0.2% | ||
| Q3 25 | 4.4% | -20.8% | ||
| Q2 25 | 5.9% | 0.9% | ||
| Q1 25 | 5.1% | 9.1% | ||
| Q4 24 | 7.9% | 4.1% | ||
| Q3 24 | 6.6% | -3.5% | ||
| Q2 24 | 7.0% | 8.2% |
| Q1 26 | $3.22 | — | ||
| Q4 25 | $3.22 | $0.00 | ||
| Q3 25 | $2.04 | $-3.91 | ||
| Q2 25 | $2.58 | $0.59 | ||
| Q1 25 | $2.00 | $1.57 | ||
| Q4 24 | $3.08 | $0.47 | ||
| Q3 24 | $2.50 | $-0.58 | ||
| Q2 24 | $2.50 | $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 | $700.7M | $1.8B |
| Total DebtLower is stronger | $10.2B | $12.3B |
| Stockholders' EquityBook value | $-651.1M | $9.0B |
| Total Assets | $17.5B | $29.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $700.7M | — | ||
| Q4 25 | $700.7M | $1.8B | ||
| Q3 25 | $736.5M | $1.7B | ||
| Q2 25 | $739.4M | $1.7B | ||
| Q1 25 | $511.9M | $1.5B | ||
| Q4 24 | $846.0M | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $437.2M | $1.5B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.2B | $12.3B | ||
| Q3 25 | $10.2B | $12.1B | ||
| Q2 25 | $10.1B | $10.0B | ||
| Q1 25 | $9.6B | $6.8B | ||
| Q4 24 | $9.2B | $6.7B | ||
| Q3 24 | $9.3B | $6.9B | ||
| Q2 24 | $8.5B | $6.8B |
| Q1 26 | $-651.1M | — | ||
| Q4 25 | $-651.1M | $9.0B | ||
| Q3 25 | $-571.9M | $9.2B | ||
| Q2 25 | $-369.6M | $10.2B | ||
| Q1 25 | $-267.1M | $9.9B | ||
| Q4 24 | $121.1M | $9.3B | ||
| Q3 24 | $386.7M | $10.2B | ||
| Q2 24 | $632.9M | $9.9B |
| Q1 26 | $17.5B | — | ||
| Q4 25 | $17.5B | $29.3B | ||
| Q3 25 | $17.6B | $29.3B | ||
| Q2 25 | $17.5B | $29.9B | ||
| Q1 25 | $17.1B | $24.8B | ||
| Q4 24 | $17.3B | $24.5B | ||
| Q3 24 | $17.5B | $25.5B | ||
| Q2 24 | $17.0B | $24.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 75.76× | 0.72× | ||
| Q3 24 | 23.95× | 0.67× | ||
| Q2 24 | 13.35× | 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 | — | $428.0M |
| Free Cash FlowOCF − Capex | — | $392.0M |
| FCF MarginFCF / Revenue | — | 8.3% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $428.0M | ||
| Q3 25 | $841.5M | $209.0M | ||
| Q2 25 | $324.2M | $359.0M | ||
| Q1 25 | $180.0M | $188.0M | ||
| Q4 24 | $547.6M | $652.0M | ||
| Q3 24 | $810.4M | $290.0M | ||
| Q2 24 | $798.8M | $323.0M |
| Q1 26 | — | — | ||
| Q4 25 | $395.3M | $392.0M | ||
| Q3 25 | $675.4M | $196.0M | ||
| Q2 25 | $203.1M | $322.0M | ||
| Q1 25 | $36.8M | $169.0M | ||
| Q4 24 | $377.0M | $595.0M | ||
| Q3 24 | $671.4M | $253.0M | ||
| Q2 24 | $674.1M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 8.3% | ||
| Q3 25 | 19.7% | 5.2% | ||
| Q2 25 | 6.0% | 7.7% | ||
| Q1 25 | 1.1% | 4.6% | ||
| Q4 24 | 11.4% | 15.7% | ||
| Q3 24 | 20.6% | 7.8% | ||
| Q2 24 | 21.2% | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.8% | ||
| Q3 25 | 4.9% | 0.3% | ||
| Q2 25 | 3.6% | 0.9% | ||
| Q1 25 | 4.4% | 0.5% | ||
| Q4 24 | 5.2% | 1.5% | ||
| Q3 24 | 4.3% | 1.1% | ||
| Q2 24 | 3.9% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 42.80× | ||
| Q3 25 | 5.60× | — | ||
| Q2 25 | 1.63× | 9.70× | ||
| Q1 25 | 1.10× | 0.56× | ||
| Q4 24 | 2.11× | 4.18× | ||
| Q3 24 | 3.77× | — | ||
| Q2 24 | 3.59× | 1.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DVA
Segment breakdown not available.
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
