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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $4.6B, roughly 1.0× Principal Financial Group). Principal Financial Group runs the higher net margin — 11.3% vs 0.2%, a 11.1% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs -3.7%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 6.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
FLUT vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $4.6B |
| Net Profit | $10.0M | $517.0M |
| Gross Margin | 44.5% | — |
| Operating Margin | 5.4% | — |
| Net Margin | 0.2% | 11.3% |
| Revenue YoY | 24.9% | -3.7% |
| Net Profit YoY | -93.6% | -42.9% |
| EPS (diluted) | $0.00 | $2.30 |
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 | $4.6B | ||
| Q3 25 | $3.8B | $3.7B | ||
| Q2 25 | $4.2B | $3.7B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.8B | $4.8B | ||
| Q3 24 | $3.2B | $3.0B | ||
| Q2 24 | $3.6B | $4.3B | ||
| Q1 24 | $3.4B | $4.1B |
| Q4 25 | $10.0M | $517.0M | ||
| Q3 25 | $-789.0M | $213.8M | ||
| Q2 25 | $37.0M | $406.2M | ||
| Q1 25 | $335.0M | $48.1M | ||
| Q4 24 | $156.0M | $905.4M | ||
| Q3 24 | $-114.0M | $-220.0M | ||
| Q2 24 | $297.0M | $353.1M | ||
| Q1 24 | $-177.0M | $532.5M |
| 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% | — | ||
| Q3 25 | -22.0% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 0.2% | 11.3% | ||
| Q3 25 | -20.8% | 5.8% | ||
| Q2 25 | 0.9% | 11.1% | ||
| Q1 25 | 9.1% | 1.3% | ||
| Q4 24 | 4.1% | 19.1% | ||
| Q3 24 | -3.5% | -7.3% | ||
| Q2 24 | 8.2% | 8.2% | ||
| Q1 24 | -5.2% | 13.1% |
| Q4 25 | $0.00 | $2.30 | ||
| Q3 25 | $-3.91 | $0.95 | ||
| Q2 25 | $0.59 | $1.79 | ||
| Q1 25 | $1.57 | $0.21 | ||
| Q4 24 | $0.47 | $3.92 | ||
| Q3 24 | $-0.58 | $-0.95 | ||
| Q2 24 | $1.45 | $1.49 | ||
| Q1 24 | $-1.10 | $2.22 |
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 | $4.4B |
| Total DebtLower is stronger | $12.3B | $3.9B |
| Stockholders' EquityBook value | $9.0B | $11.9B |
| Total Assets | $29.3B | $341.4B |
| Debt / EquityLower = less leverage | 1.36× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $4.4B | ||
| Q3 25 | $1.7B | $5.1B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.5B | $3.9B | ||
| Q4 24 | $1.5B | $4.2B | ||
| Q3 24 | $1.5B | $6.2B | ||
| Q2 24 | $1.5B | $4.8B | ||
| Q1 24 | $1.4B | $4.2B |
| Q4 25 | $12.3B | $3.9B | ||
| Q3 25 | $12.1B | $3.9B | ||
| Q2 25 | $10.0B | $3.9B | ||
| Q1 25 | $6.8B | $4.3B | ||
| Q4 24 | $6.7B | $4.0B | ||
| Q3 24 | $6.9B | $3.9B | ||
| Q2 24 | $6.8B | $3.9B | ||
| Q1 24 | $6.8B | $3.9B |
| Q4 25 | $9.0B | $11.9B | ||
| Q3 25 | $9.2B | $11.7B | ||
| Q2 25 | $10.2B | $11.4B | ||
| Q1 25 | $9.9B | $11.2B | ||
| Q4 24 | $9.3B | $11.1B | ||
| Q3 24 | $10.2B | $11.2B | ||
| Q2 24 | $9.9B | $11.0B | ||
| Q1 24 | $9.5B | $11.2B |
| Q4 25 | $29.3B | $341.4B | ||
| Q3 25 | $29.3B | $334.5B | ||
| Q2 25 | $29.9B | $323.1B | ||
| Q1 25 | $24.8B | $313.0B | ||
| Q4 24 | $24.5B | $313.7B | ||
| Q3 24 | $25.5B | $322.9B | ||
| Q2 24 | $24.3B | $308.8B | ||
| Q1 24 | $24.4B | $308.7B |
| Q4 25 | 1.36× | 0.33× | ||
| Q3 25 | 1.31× | 0.34× | ||
| Q2 25 | 0.97× | 0.34× | ||
| Q1 25 | 0.69× | 0.39× | ||
| Q4 24 | 0.72× | 0.36× | ||
| Q3 24 | 0.67× | 0.35× | ||
| Q2 24 | 0.69× | 0.36× | ||
| Q1 24 | 0.72× | 0.35× |
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 | $1.7B |
| Free Cash FlowOCF − Capex | $392.0M | — |
| FCF MarginFCF / Revenue | 8.3% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 42.80× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $1.7B | ||
| Q3 25 | $209.0M | $1.0B | ||
| Q2 25 | $359.0M | $811.9M | ||
| Q1 25 | $188.0M | $977.3M | ||
| Q4 24 | $652.0M | $1.5B | ||
| Q3 24 | $290.0M | $1.1B | ||
| Q2 24 | $323.0M | $1.4B | ||
| Q1 24 | $337.0M | $584.2M |
| Q4 25 | $392.0M | — | ||
| Q3 25 | $196.0M | — | ||
| Q2 25 | $322.0M | — | ||
| Q1 25 | $169.0M | — | ||
| Q4 24 | $595.0M | — | ||
| Q3 24 | $253.0M | — | ||
| Q2 24 | $295.0M | — | ||
| Q1 24 | $315.0M | — |
| Q4 25 | 8.3% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 9.3% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | 42.80× | 3.37× | ||
| Q3 25 | — | 4.70× | ||
| Q2 25 | 9.70× | 2.00× | ||
| Q1 25 | 0.56× | 20.32× | ||
| Q4 24 | 4.18× | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.09× | 4.05× | ||
| Q1 24 | — | 1.10× |
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% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
