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Side-by-side financial comparison of FirstEnergy (FE) 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 $3.8B, roughly 1.2× FirstEnergy). Flutter Entertainment plc runs the higher net margin — 0.2% vs -1.3%, a 1.5% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 19.6%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $-30.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 7.5%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
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.
FE vs FLUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $4.7B |
| Net Profit | $-49.0M | $10.0M |
| Gross Margin | — | 44.5% |
| Operating Margin | -0.6% | 5.4% |
| Net Margin | -1.3% | 0.2% |
| Revenue YoY | 19.6% | 24.9% |
| Net Profit YoY | -118.8% | -93.6% |
| EPS (diluted) | $-0.08 | $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 | $3.8B | $4.7B | ||
| Q3 25 | $4.1B | $3.8B | ||
| Q2 25 | $3.4B | $4.2B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $3.7B | $3.2B | ||
| Q2 24 | $3.3B | $3.6B | ||
| Q1 24 | $3.3B | $3.4B |
| Q4 25 | $-49.0M | $10.0M | ||
| Q3 25 | $441.0M | $-789.0M | ||
| Q2 25 | $268.0M | $37.0M | ||
| Q1 25 | $360.0M | $335.0M | ||
| Q4 24 | $261.0M | $156.0M | ||
| Q3 24 | $419.0M | $-114.0M | ||
| Q2 24 | $45.0M | $297.0M | ||
| Q1 24 | $253.0M | $-177.0M |
| 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 24 | — | 47.2% |
| Q4 25 | -0.6% | 5.4% | ||
| Q3 25 | 20.0% | -22.0% | ||
| Q2 25 | 19.1% | 9.3% | ||
| Q1 25 | 20.0% | 6.1% | ||
| Q4 24 | 19.3% | 7.4% | ||
| Q3 24 | 19.5% | 3.0% | ||
| Q2 24 | 12.9% | 10.2% | ||
| Q1 24 | 18.6% | 3.7% |
| Q4 25 | -1.3% | 0.2% | ||
| Q3 25 | 10.6% | -20.8% | ||
| Q2 25 | 7.9% | 0.9% | ||
| Q1 25 | 9.6% | 9.1% | ||
| Q4 24 | 8.2% | 4.1% | ||
| Q3 24 | 11.2% | -3.5% | ||
| Q2 24 | 1.4% | 8.2% | ||
| Q1 24 | 7.7% | -5.2% |
| Q4 25 | $-0.08 | $0.00 | ||
| Q3 25 | $0.76 | $-3.91 | ||
| Q2 25 | $0.46 | $0.59 | ||
| Q1 25 | $0.62 | $1.57 | ||
| Q4 24 | $0.45 | $0.47 | ||
| Q3 24 | $0.73 | $-0.58 | ||
| Q2 24 | $0.08 | $1.45 | ||
| Q1 24 | $0.44 | $-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 | $57.0M | $1.8B |
| Total DebtLower is stronger | $25.5B | $12.3B |
| Stockholders' EquityBook value | $12.5B | $9.0B |
| Total Assets | $55.9B | $29.3B |
| Debt / EquityLower = less leverage | 2.04× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.0M | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $569.0M | $1.7B | ||
| Q1 25 | $132.0M | $1.5B | ||
| Q4 24 | $111.0M | $1.5B | ||
| Q3 24 | $439.0M | $1.5B | ||
| Q2 24 | $60.0M | $1.5B | ||
| Q1 24 | $888.0M | $1.4B |
| Q4 25 | $25.5B | $12.3B | ||
| Q3 25 | $25.5B | $12.1B | ||
| Q2 25 | $23.7B | $10.0B | ||
| Q1 25 | $21.2B | $6.8B | ||
| Q4 24 | $22.5B | $6.7B | ||
| Q3 24 | $21.6B | $6.9B | ||
| Q2 24 | $20.8B | $6.8B | ||
| Q1 24 | $21.7B | $6.8B |
| Q4 25 | $12.5B | $9.0B | ||
| Q3 25 | $12.8B | $9.2B | ||
| Q2 25 | $12.9B | $10.2B | ||
| Q1 25 | $12.6B | $9.9B | ||
| Q4 24 | $12.5B | $9.3B | ||
| Q3 24 | $12.4B | $10.2B | ||
| Q2 24 | $12.5B | $9.9B | ||
| Q1 24 | $12.4B | $9.5B |
| Q4 25 | $55.9B | $29.3B | ||
| Q3 25 | $55.9B | $29.3B | ||
| Q2 25 | $54.2B | $29.9B | ||
| Q1 25 | $52.8B | $24.8B | ||
| Q4 24 | $52.0B | $24.5B | ||
| Q3 24 | $50.8B | $25.5B | ||
| Q2 24 | $51.0B | $24.3B | ||
| Q1 24 | $51.3B | $24.4B |
| Q4 25 | 2.04× | 1.36× | ||
| Q3 25 | 1.99× | 1.31× | ||
| Q2 25 | 1.85× | 0.97× | ||
| Q1 25 | 1.69× | 0.69× | ||
| Q4 24 | 1.81× | 0.72× | ||
| Q3 24 | 1.74× | 0.67× | ||
| Q2 24 | 1.67× | 0.69× | ||
| Q1 24 | 1.75× | 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 | $1.1B | $428.0M |
| Free Cash FlowOCF − Capex | $-30.0M | $392.0M |
| FCF MarginFCF / Revenue | -0.8% | 8.3% |
| Capex IntensityCapex / Revenue | 30.7% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $428.0M | ||
| Q3 25 | $845.0M | $209.0M | ||
| Q2 25 | $1.1B | $359.0M | ||
| Q1 25 | $637.0M | $188.0M | ||
| Q4 24 | $1.0B | $652.0M | ||
| Q3 24 | $775.0M | $290.0M | ||
| Q2 24 | $1.1B | $323.0M | ||
| Q1 24 | $-40.0M | $337.0M |
| Q4 25 | $-30.0M | $392.0M | ||
| Q3 25 | $-471.0M | $196.0M | ||
| Q2 25 | $-136.0M | $322.0M | ||
| Q1 25 | $-368.0M | $169.0M | ||
| Q4 24 | $-250.0M | $595.0M | ||
| Q3 24 | $-229.0M | $253.0M | ||
| Q2 24 | $170.0M | $295.0M | ||
| Q1 24 | $-830.0M | $315.0M |
| Q4 25 | -0.8% | 8.3% | ||
| Q3 25 | -11.4% | 5.2% | ||
| Q2 25 | -4.0% | 7.7% | ||
| Q1 25 | -9.8% | 4.6% | ||
| Q4 24 | -7.9% | 15.7% | ||
| Q3 24 | -6.1% | 7.8% | ||
| Q2 24 | 5.2% | 8.2% | ||
| Q1 24 | -25.3% | 9.3% |
| Q4 25 | 30.7% | 0.8% | ||
| Q3 25 | 31.7% | 0.3% | ||
| Q2 25 | 36.0% | 0.9% | ||
| Q1 25 | 26.7% | 0.5% | ||
| Q4 24 | 40.7% | 1.5% | ||
| Q3 24 | 26.9% | 1.1% | ||
| Q2 24 | 28.7% | 0.8% | ||
| Q1 24 | 24.0% | 0.6% |
| Q4 25 | — | 42.80× | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 4.04× | 9.70× | ||
| Q1 25 | 1.77× | 0.56× | ||
| Q4 24 | 4.00× | 4.18× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 24.71× | 1.09× | ||
| Q1 24 | -0.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
