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Side-by-side financial comparison of Eaton Corporation (ETN) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.
Eaton Corporation is the larger business by last-quarter revenue ($7.1B vs $4.7B, roughly 1.5× Flutter Entertainment plc). Eaton Corporation runs the higher net margin — 16.0% vs 0.2%, a 15.8% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 13.1%). Eaton Corporation produced more free cash flow last quarter ($1.6B vs $392.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 9.0%).
Eaton Corporation plc is an Irish multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.
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.
ETN vs FLUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1B | $4.7B |
| Net Profit | $1.1B | $10.0M |
| Gross Margin | 36.8% | 44.5% |
| Operating Margin | 18.3% | 5.4% |
| Net Margin | 16.0% | 0.2% |
| Revenue YoY | 13.1% | 24.9% |
| Net Profit YoY | 16.5% | -93.6% |
| EPS (diluted) | $2.90 | $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.
| Q4 25 | $7.1B | $4.7B | ||
| Q3 25 | $7.0B | $3.8B | ||
| Q2 25 | $7.0B | $4.2B | ||
| Q1 25 | $6.4B | $3.7B | ||
| Q4 24 | $6.2B | $3.8B | ||
| Q3 24 | $6.3B | $3.2B | ||
| Q2 24 | $6.3B | $3.6B | ||
| Q1 24 | $5.9B | $3.4B |
| Q4 25 | $1.1B | $10.0M | ||
| Q3 25 | $1.0B | $-789.0M | ||
| Q2 25 | $982.0M | $37.0M | ||
| Q1 25 | $964.0M | $335.0M | ||
| Q4 24 | $971.0M | $156.0M | ||
| Q3 24 | $1.0B | $-114.0M | ||
| Q2 24 | $993.0M | $297.0M | ||
| Q1 24 | $821.0M | $-177.0M |
| Q4 25 | 36.8% | 44.5% | ||
| Q3 25 | 38.3% | 42.9% | ||
| Q2 25 | 37.0% | 46.8% | ||
| Q1 25 | 38.4% | 46.6% | ||
| Q4 24 | 38.9% | 48.2% | ||
| Q3 24 | 38.6% | 46.1% | ||
| Q2 24 | 38.0% | 49.2% | ||
| Q1 24 | 37.3% | 47.2% |
| Q4 25 | 18.3% | 5.4% | ||
| Q3 25 | 18.2% | -22.0% | ||
| Q2 25 | 16.9% | 9.3% | ||
| Q1 25 | 18.5% | 6.1% | ||
| Q4 24 | 18.7% | 7.4% | ||
| Q3 24 | 19.0% | 3.0% | ||
| Q2 24 | 18.8% | 10.2% | ||
| Q1 24 | 16.8% | 3.7% |
| Q4 25 | 16.0% | 0.2% | ||
| Q3 25 | 14.5% | -20.8% | ||
| Q2 25 | 14.0% | 0.9% | ||
| Q1 25 | 15.1% | 9.1% | ||
| Q4 24 | 15.6% | 4.1% | ||
| Q3 24 | 15.9% | -3.5% | ||
| Q2 24 | 15.6% | 8.2% | ||
| Q1 24 | 13.8% | -5.2% |
| Q4 25 | $2.90 | $0.00 | ||
| Q3 25 | $2.59 | $-3.91 | ||
| Q2 25 | $2.51 | $0.59 | ||
| Q1 25 | $2.45 | $1.57 | ||
| Q4 24 | $2.45 | $0.47 | ||
| Q3 24 | $2.53 | $-0.58 | ||
| Q2 24 | $2.48 | $1.45 | ||
| Q1 24 | $2.04 | $-1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $803.0M | $1.8B |
| Total DebtLower is stronger | $8.8B | $12.3B |
| Stockholders' EquityBook value | $19.4B | $9.0B |
| Total Assets | $41.3B | $29.3B |
| Debt / EquityLower = less leverage | 0.45× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $803.0M | $1.8B | ||
| Q3 25 | $565.0M | $1.7B | ||
| Q2 25 | $584.0M | $1.7B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.8B | $1.5B | ||
| Q1 24 | $2.4B | $1.4B |
| Q4 25 | $8.8B | $12.3B | ||
| Q3 25 | $8.8B | $12.1B | ||
| Q2 25 | $8.8B | $10.0B | ||
| Q1 25 | $7.6B | $6.8B | ||
| Q4 24 | $8.5B | $6.7B | ||
| Q3 24 | $8.7B | $6.9B | ||
| Q2 24 | $8.6B | $6.8B | ||
| Q1 24 | $8.2B | $6.8B |
| Q4 25 | $19.4B | $9.0B | ||
| Q3 25 | $18.8B | $9.2B | ||
| Q2 25 | $18.6B | $10.2B | ||
| Q1 25 | $18.5B | $9.9B | ||
| Q4 24 | $18.5B | $9.3B | ||
| Q3 24 | $19.1B | $10.2B | ||
| Q2 24 | $19.2B | $9.9B | ||
| Q1 24 | $19.3B | $9.5B |
| Q4 25 | $41.3B | $29.3B | ||
| Q3 25 | $40.6B | $29.3B | ||
| Q2 25 | $40.5B | $29.9B | ||
| Q1 25 | $39.2B | $24.8B | ||
| Q4 24 | $38.4B | $24.5B | ||
| Q3 24 | $39.2B | $25.5B | ||
| Q2 24 | $39.4B | $24.3B | ||
| Q1 24 | $38.5B | $24.4B |
| Q4 25 | 0.45× | 1.36× | ||
| Q3 25 | 0.46× | 1.31× | ||
| Q2 25 | 0.47× | 0.97× | ||
| Q1 25 | 0.41× | 0.69× | ||
| Q4 24 | 0.46× | 0.72× | ||
| Q3 24 | 0.45× | 0.67× | ||
| Q2 24 | 0.45× | 0.69× | ||
| Q1 24 | 0.42× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $428.0M |
| Free Cash FlowOCF − Capex | $1.6B | $392.0M |
| FCF MarginFCF / Revenue | 22.3% | 8.3% |
| Capex IntensityCapex / Revenue | 5.6% | 0.8% |
| Cash ConversionOCF / Net Profit | 1.74× | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | $3.6B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $428.0M | ||
| Q3 25 | $1.4B | $209.0M | ||
| Q2 25 | $918.0M | $359.0M | ||
| Q1 25 | $238.0M | $188.0M | ||
| Q4 24 | $1.6B | $652.0M | ||
| Q3 24 | $1.3B | $290.0M | ||
| Q2 24 | $946.0M | $323.0M | ||
| Q1 24 | $475.0M | $337.0M |
| Q4 25 | $1.6B | $392.0M | ||
| Q3 25 | $1.2B | $196.0M | ||
| Q2 25 | $716.0M | $322.0M | ||
| Q1 25 | $91.0M | $169.0M | ||
| Q4 24 | $1.3B | $595.0M | ||
| Q3 24 | $1.1B | $253.0M | ||
| Q2 24 | $759.0M | $295.0M | ||
| Q1 24 | $292.0M | $315.0M |
| Q4 25 | 22.3% | 8.3% | ||
| Q3 25 | 16.8% | 5.2% | ||
| Q2 25 | 10.2% | 7.7% | ||
| Q1 25 | 1.4% | 4.6% | ||
| Q4 24 | 21.5% | 15.7% | ||
| Q3 24 | 17.7% | 7.8% | ||
| Q2 24 | 12.0% | 8.2% | ||
| Q1 24 | 4.9% | 9.3% |
| Q4 25 | 5.6% | 0.8% | ||
| Q3 25 | 2.5% | 0.3% | ||
| Q2 25 | 2.9% | 0.9% | ||
| Q1 25 | 2.3% | 0.5% | ||
| Q4 24 | 4.1% | 1.5% | ||
| Q3 24 | 2.9% | 1.1% | ||
| Q2 24 | 2.9% | 0.8% | ||
| Q1 24 | 3.1% | 0.6% |
| Q4 25 | 1.74× | 42.80× | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.93× | 9.70× | ||
| Q1 25 | 0.25× | 0.56× | ||
| Q4 24 | 1.64× | 4.18× | ||
| Q3 24 | 1.30× | — | ||
| Q2 24 | 0.95× | 1.09× | ||
| Q1 24 | 0.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
