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Side-by-side financial comparison of Ecolab (ECL) 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 $4.1B, roughly 1.2× Ecolab). Ecolab runs the higher net margin — 10.6% vs 0.2%, a 10.4% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 10.0%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 1.0%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
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.
ECL vs FLUT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $4.7B |
| Net Profit | $432.6M | $10.0M |
| Gross Margin | — | 44.5% |
| Operating Margin | 15.3% | 5.4% |
| Net Margin | 10.6% | 0.2% |
| Revenue YoY | 10.0% | 24.9% |
| Net Profit YoY | 1.3% | -93.6% |
| EPS (diluted) | $1.52 | $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.
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $4.7B | ||
| Q3 25 | $4.2B | $3.8B | ||
| Q2 25 | $4.0B | $4.2B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $4.0B | $3.2B | ||
| Q2 24 | $4.0B | $3.6B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $10.0M | ||
| Q3 25 | $585.0M | $-789.0M | ||
| Q2 25 | $524.2M | $37.0M | ||
| Q1 25 | $402.5M | $335.0M | ||
| Q4 24 | $472.9M | $156.0M | ||
| Q3 24 | $736.5M | $-114.0M | ||
| Q2 24 | $490.9M | $297.0M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 44.5% | ||
| Q3 25 | 44.8% | 42.9% | ||
| Q2 25 | 44.8% | 46.8% | ||
| Q1 25 | 44.2% | 46.6% | ||
| Q4 24 | 43.3% | 48.2% | ||
| Q3 24 | 43.4% | 46.1% | ||
| Q2 24 | 43.8% | 49.2% |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 5.4% | ||
| Q3 25 | 18.3% | -22.0% | ||
| Q2 25 | 17.6% | 9.3% | ||
| Q1 25 | 15.0% | 6.1% | ||
| Q4 24 | 14.6% | 7.4% | ||
| Q3 24 | 26.1% | 3.0% | ||
| Q2 24 | 16.5% | 10.2% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 0.2% | ||
| Q3 25 | 14.0% | -20.8% | ||
| Q2 25 | 13.0% | 0.9% | ||
| Q1 25 | 10.9% | 9.1% | ||
| Q4 24 | 11.8% | 4.1% | ||
| Q3 24 | 18.4% | -3.5% | ||
| Q2 24 | 12.3% | 8.2% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $0.00 | ||
| Q3 25 | $2.05 | $-3.91 | ||
| Q2 25 | $1.84 | $0.59 | ||
| Q1 25 | $1.41 | $1.57 | ||
| Q4 24 | $1.65 | $0.47 | ||
| Q3 24 | $2.58 | $-0.58 | ||
| Q2 24 | $1.71 | $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 | $519.8K | $1.8B |
| Total DebtLower is stronger | $8.5M | $12.3B |
| Stockholders' EquityBook value | $10.0M | $9.0B |
| Total Assets | $25.0M | $29.3B |
| Debt / EquityLower = less leverage | 0.85× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $1.8B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $384.0M | $1.5B |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | $12.3B | ||
| Q3 25 | $8.1B | $12.1B | ||
| Q2 25 | $7.5B | $10.0B | ||
| Q1 25 | $7.0B | $6.8B | ||
| Q4 24 | $6.9B | $6.7B | ||
| Q3 24 | $7.0B | $6.9B | ||
| Q2 24 | $7.5B | $6.8B |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $9.0B | ||
| Q3 25 | $9.7B | $9.2B | ||
| Q2 25 | $9.3B | $10.2B | ||
| Q1 25 | $8.9B | $9.9B | ||
| Q4 24 | $8.8B | $9.3B | ||
| Q3 24 | $8.5B | $10.2B | ||
| Q2 24 | $8.3B | $9.9B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $29.3B | ||
| Q3 25 | $23.9B | $29.3B | ||
| Q2 25 | $23.7B | $29.9B | ||
| Q1 25 | $22.4B | $24.8B | ||
| Q4 24 | $22.4B | $24.5B | ||
| Q3 24 | $22.1B | $25.5B | ||
| Q2 24 | $21.5B | $24.3B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | 1.36× | ||
| Q3 25 | 0.83× | 1.31× | ||
| Q2 25 | 0.81× | 0.97× | ||
| Q1 25 | 0.79× | 0.69× | ||
| Q4 24 | 0.79× | 0.72× | ||
| Q3 24 | 0.82× | 0.67× | ||
| Q2 24 | 0.91× | 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.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $428.0M | ||
| Q3 25 | $791.3M | $209.0M | ||
| Q2 25 | $701.8M | $359.0M | ||
| Q1 25 | $369.4M | $188.0M | ||
| Q4 24 | $766.7M | $652.0M | ||
| Q3 24 | $786.7M | $290.0M | ||
| Q2 24 | $611.1M | $323.0M |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $392.0M | ||
| Q3 25 | $529.7M | $196.0M | ||
| Q2 25 | $485.1M | $322.0M | ||
| Q1 25 | $131.5M | $169.0M | ||
| Q4 24 | $407.0M | $595.0M | ||
| Q3 24 | $550.3M | $253.0M | ||
| Q2 24 | $414.2M | $295.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 8.3% | ||
| Q3 25 | 12.7% | 5.2% | ||
| Q2 25 | 12.1% | 7.7% | ||
| Q1 25 | 3.6% | 4.6% | ||
| Q4 24 | 10.2% | 15.7% | ||
| Q3 24 | 13.8% | 7.8% | ||
| Q2 24 | 10.4% | 8.2% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 0.8% | ||
| Q3 25 | 6.3% | 0.3% | ||
| Q2 25 | 5.4% | 0.9% | ||
| Q1 25 | 6.4% | 0.5% | ||
| Q4 24 | 9.0% | 1.5% | ||
| Q3 24 | 5.9% | 1.1% | ||
| Q2 24 | 4.9% | 0.8% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 42.80× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.34× | 9.70× | ||
| Q1 25 | 0.92× | 0.56× | ||
| Q4 24 | 1.62× | 4.18× | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.24× | 1.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
