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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Lennar (LEN). Click either name above to swap in a different company.
Lennar is the larger business by last-quarter revenue ($9.4B vs $4.7B, roughly 2.0× Flutter Entertainment plc). Lennar runs the higher net margin — 5.2% vs 0.2%, a 5.0% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs -5.8%). Lennar produced more free cash flow last quarter ($1.7B vs $392.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 13.2%).
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.
Lennar Corporation is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
FLUT vs LEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $9.4B |
| Net Profit | $10.0M | $490.2M |
| Gross Margin | 44.5% | — |
| Operating Margin | 5.4% | 7.3% |
| Net Margin | 0.2% | 5.2% |
| Revenue YoY | 24.9% | -5.8% |
| Net Profit YoY | -93.6% | -55.3% |
| 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.
| Q4 25 | $4.7B | $9.4B | ||
| Q3 25 | $3.8B | $8.8B | ||
| Q2 25 | $4.2B | $8.4B | ||
| Q1 25 | $3.7B | $7.6B | ||
| Q4 24 | $3.8B | $9.9B | ||
| Q3 24 | $3.2B | $9.4B | ||
| Q2 24 | $3.6B | $8.8B | ||
| Q1 24 | $3.4B | $7.3B |
| Q4 25 | $10.0M | $490.2M | ||
| Q3 25 | $-789.0M | $591.0M | ||
| Q2 25 | $37.0M | $477.4M | ||
| Q1 25 | $335.0M | $519.5M | ||
| Q4 24 | $156.0M | $1.1B | ||
| Q3 24 | $-114.0M | $1.2B | ||
| Q2 24 | $297.0M | $954.3M | ||
| Q1 24 | $-177.0M | $719.3M |
| 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 | 5.4% | 7.3% | ||
| Q3 25 | -22.0% | 9.0% | ||
| Q2 25 | 9.3% | 7.7% | ||
| Q1 25 | 6.1% | 9.1% | ||
| Q4 24 | 7.4% | 14.7% | ||
| Q3 24 | 3.0% | 16.3% | ||
| Q2 24 | 10.2% | 14.4% | ||
| Q1 24 | 3.7% | 12.7% |
| Q4 25 | 0.2% | 5.2% | ||
| Q3 25 | -20.8% | 6.7% | ||
| Q2 25 | 0.9% | 5.7% | ||
| Q1 25 | 9.1% | 6.8% | ||
| Q4 24 | 4.1% | 11.0% | ||
| Q3 24 | -3.5% | 12.3% | ||
| Q2 24 | 8.2% | 10.9% | ||
| Q1 24 | -5.2% | 9.8% |
| Q4 25 | $0.00 | — | ||
| Q3 25 | $-3.91 | $2.29 | ||
| Q2 25 | $0.59 | $1.81 | ||
| Q1 25 | $1.57 | $1.96 | ||
| Q4 24 | $0.47 | $4.03 | ||
| Q3 24 | $-0.58 | $4.26 | ||
| Q2 24 | $1.45 | $3.45 | ||
| Q1 24 | $-1.10 | $2.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $3.8B |
| Total DebtLower is stronger | $12.3B | $5.9B |
| Stockholders' EquityBook value | $9.0B | $22.0B |
| Total Assets | $29.3B | $34.4B |
| Debt / EquityLower = less leverage | 1.36× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $3.8B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $4.9B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $12.3B | $5.9B | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.7B | $4.2B | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $6.8B | — |
| Q4 25 | $9.0B | $22.0B | ||
| Q3 25 | $9.2B | $22.6B | ||
| Q2 25 | $10.2B | $22.6B | ||
| Q1 25 | $9.9B | $22.7B | ||
| Q4 24 | $9.3B | $27.9B | ||
| Q3 24 | $10.2B | $27.4B | ||
| Q2 24 | $9.9B | $26.9B | ||
| Q1 24 | $9.5B | $26.6B |
| Q4 25 | $29.3B | $34.4B | ||
| Q3 25 | $29.3B | $34.9B | ||
| Q2 25 | $29.9B | $34.4B | ||
| Q1 25 | $24.8B | $35.0B | ||
| Q4 24 | $24.5B | $41.3B | ||
| Q3 24 | $25.5B | $39.7B | ||
| Q2 24 | $24.3B | $38.7B | ||
| Q1 24 | $24.4B | $39.0B |
| Q4 25 | 1.36× | 0.27× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.72× | 0.15× | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 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 | $428.0M | $1.8B |
| Free Cash FlowOCF − Capex | $392.0M | $1.7B |
| FCF MarginFCF / Revenue | 8.3% | 17.9% |
| Capex IntensityCapex / Revenue | 0.8% | 0.9% |
| Cash ConversionOCF / Net Profit | 42.80× | 3.59× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $1.8B | ||
| Q3 25 | $209.0M | $-158.6M | ||
| Q2 25 | $359.0M | $-1.1B | ||
| Q1 25 | $188.0M | $-289.0M | ||
| Q4 24 | $652.0M | $974.5M | ||
| Q3 24 | $290.0M | $819.2M | ||
| Q2 24 | $323.0M | $241.8M | ||
| Q1 24 | $337.0M | $367.9M |
| Q4 25 | $392.0M | $1.7B | ||
| Q3 25 | $196.0M | $-190.8M | ||
| Q2 25 | $322.0M | $-1.1B | ||
| Q1 25 | $169.0M | $-345.1M | ||
| Q4 24 | $595.0M | $933.1M | ||
| Q3 24 | $253.0M | $800.8M | ||
| Q2 24 | $295.0M | $203.0M | ||
| Q1 24 | $315.0M | $294.9M |
| Q4 25 | 8.3% | 17.9% | ||
| Q3 25 | 5.2% | -2.2% | ||
| Q2 25 | 7.7% | -13.3% | ||
| Q1 25 | 4.6% | -4.5% | ||
| Q4 24 | 15.7% | 9.4% | ||
| Q3 24 | 7.8% | 8.5% | ||
| Q2 24 | 8.2% | 2.3% | ||
| Q1 24 | 9.3% | 4.0% |
| Q4 25 | 0.8% | 0.9% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | 1.5% | 0.4% | ||
| Q3 24 | 1.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.4% | ||
| Q1 24 | 0.6% | 1.0% |
| Q4 25 | 42.80× | 3.59× | ||
| Q3 25 | — | -0.27× | ||
| Q2 25 | 9.70× | -2.29× | ||
| Q1 25 | 0.56× | -0.56× | ||
| Q4 24 | 4.18× | 0.89× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | 1.09× | 0.25× | ||
| Q1 24 | — | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
LEN
| Lennar Homebuilding East Central West Houstonand Other | $8.9B | 95% |
| Lennar Financial Services | $308.8M | 3% |
| Lennar Multifamily | $158.7M | 2% |
| Lennar Other | $14.8M | 0% |
| Homebuilding Other Regions | $3.9M | 0% |
