vs
Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and PG&E Corporation (PCG). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $4.7B, roughly 1.5× Flutter Entertainment plc). PG&E Corporation runs the higher net margin — 12.9% vs 0.2%, a 12.7% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 15.0%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 7.2%).
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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
FLUT vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $6.9B |
| Net Profit | $10.0M | $885.0M |
| Gross Margin | 44.5% | — |
| Operating Margin | 5.4% | 21.4% |
| Net Margin | 0.2% | 12.9% |
| Revenue YoY | 24.9% | 15.0% |
| Net Profit YoY | -93.6% | 39.6% |
| EPS (diluted) | $0.00 | $0.39 |
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 | — | $6.9B | ||
| Q4 25 | $4.7B | $6.8B | ||
| Q3 25 | $3.8B | $6.3B | ||
| Q2 25 | $4.2B | $5.9B | ||
| Q1 25 | $3.7B | $6.0B | ||
| Q4 24 | $3.8B | $6.6B | ||
| Q3 24 | $3.2B | $5.9B | ||
| Q2 24 | $3.6B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $10.0M | $670.0M | ||
| Q3 25 | $-789.0M | $850.0M | ||
| Q2 25 | $37.0M | $549.0M | ||
| Q1 25 | $335.0M | $634.0M | ||
| Q4 24 | $156.0M | $674.0M | ||
| Q3 24 | $-114.0M | $579.0M | ||
| Q2 24 | $297.0M | $524.0M |
| 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 | — | 21.4% | ||
| Q4 25 | 5.4% | 18.0% | ||
| Q3 25 | -22.0% | 19.3% | ||
| Q2 25 | 9.3% | 18.6% | ||
| Q1 25 | 6.1% | 20.4% | ||
| Q4 24 | 7.4% | 15.4% | ||
| Q3 24 | 3.0% | 17.3% | ||
| Q2 24 | 10.2% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 0.2% | 9.8% | ||
| Q3 25 | -20.8% | 13.6% | ||
| Q2 25 | 0.9% | 9.3% | ||
| Q1 25 | 9.1% | 10.6% | ||
| Q4 24 | 4.1% | 10.2% | ||
| Q3 24 | -3.5% | 9.7% | ||
| Q2 24 | 8.2% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.00 | $0.29 | ||
| Q3 25 | $-3.91 | $0.37 | ||
| Q2 25 | $0.59 | $0.24 | ||
| Q1 25 | $1.57 | $0.28 | ||
| Q4 24 | $0.47 | $0.30 | ||
| Q3 24 | $-0.58 | $0.27 | ||
| Q2 24 | $1.45 | $0.24 |
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 | — |
| Total DebtLower is stronger | $12.3B | — |
| Stockholders' EquityBook value | $9.0B | — |
| Total Assets | $29.3B | — |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $713.0M | ||
| Q3 25 | $1.7B | $404.0M | ||
| Q2 25 | $1.7B | $494.0M | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.5B | $940.0M | ||
| Q3 24 | $1.5B | $895.0M | ||
| Q2 24 | $1.5B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $57.4B | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.7B | $53.6B | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $6.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $32.5B | ||
| Q3 25 | $9.2B | $32.0B | ||
| Q2 25 | $10.2B | $31.2B | ||
| Q1 25 | $9.9B | $30.7B | ||
| Q4 24 | $9.3B | $30.1B | ||
| Q3 24 | $10.2B | $26.8B | ||
| Q2 24 | $9.9B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $29.3B | $141.6B | ||
| Q3 25 | $29.3B | $138.2B | ||
| Q2 25 | $29.9B | $136.4B | ||
| Q1 25 | $24.8B | $135.4B | ||
| Q4 24 | $24.5B | $133.7B | ||
| Q3 24 | $25.5B | $132.3B | ||
| Q2 24 | $24.3B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.76× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.72× | 1.78× | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 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 | $428.0M | $2.0B | ||
| Q3 25 | $209.0M | $2.9B | ||
| Q2 25 | $359.0M | $1.1B | ||
| Q1 25 | $188.0M | $2.8B | ||
| Q4 24 | $652.0M | $1.9B | ||
| Q3 24 | $290.0M | $3.1B | ||
| Q2 24 | $323.0M | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $392.0M | $-1.2B | ||
| Q3 25 | $196.0M | $-80.0M | ||
| Q2 25 | $322.0M | $-2.0B | ||
| Q1 25 | $169.0M | $213.0M | ||
| Q4 24 | $595.0M | $-896.0M | ||
| Q3 24 | $253.0M | $526.0M | ||
| Q2 24 | $295.0M | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 8.3% | -17.6% | ||
| Q3 25 | 5.2% | -1.3% | ||
| Q2 25 | 7.7% | -34.0% | ||
| Q1 25 | 4.6% | 3.6% | ||
| Q4 24 | 15.7% | -13.5% | ||
| Q3 24 | 7.8% | 8.9% | ||
| Q2 24 | 8.2% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 46.4% | ||
| Q3 25 | 0.3% | 46.9% | ||
| Q2 25 | 0.9% | 52.0% | ||
| Q1 25 | 0.5% | 44.0% | ||
| Q4 24 | 1.5% | 42.6% | ||
| Q3 24 | 1.1% | 43.8% | ||
| Q2 24 | 0.8% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 42.80× | 2.93× | ||
| Q3 25 | — | 3.35× | ||
| Q2 25 | 9.70× | 1.93× | ||
| Q1 25 | 0.56× | 4.49× | ||
| Q4 24 | 4.18× | 2.87× | ||
| Q3 24 | — | 5.41× | ||
| Q2 24 | 1.09× | 1.36× |
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% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
