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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and PulteGroup (PHM). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $3.4B, roughly 1.4× PulteGroup). PulteGroup runs the higher net margin — 10.2% vs 0.2%, a 10.0% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs -12.4%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs -13.9%).
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.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
FLUT vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $3.4B |
| Net Profit | $10.0M | $347.0M |
| Gross Margin | 44.5% | — |
| Operating Margin | 5.4% | — |
| Net Margin | 0.2% | 10.2% |
| Revenue YoY | 24.9% | -12.4% |
| Net Profit YoY | -93.6% | — |
| 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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.7B | $4.6B | ||
| Q3 25 | $3.8B | $4.4B | ||
| Q2 25 | $4.2B | $4.4B | ||
| Q1 25 | $3.7B | $3.9B | ||
| Q4 24 | $3.8B | $4.9B | ||
| Q3 24 | $3.2B | $4.5B | ||
| Q2 24 | $3.6B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $10.0M | $501.6M | ||
| Q3 25 | $-789.0M | $585.8M | ||
| Q2 25 | $37.0M | $608.5M | ||
| Q1 25 | $335.0M | $522.8M | ||
| Q4 24 | $156.0M | $913.2M | ||
| Q3 24 | $-114.0M | $697.9M | ||
| Q2 24 | $297.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 42.9% | 27.8% | ||
| Q2 25 | 46.8% | 28.6% | ||
| Q1 25 | 46.6% | 28.8% | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 46.1% | 30.4% | ||
| Q2 24 | 49.2% | 31.4% |
| Q1 26 | — | — | ||
| 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 26 | — | 10.2% | ||
| Q4 25 | 0.2% | 10.9% | ||
| Q3 25 | -20.8% | 13.3% | ||
| Q2 25 | 0.9% | 13.8% | ||
| Q1 25 | 9.1% | 13.4% | ||
| Q4 24 | 4.1% | 18.6% | ||
| Q3 24 | -3.5% | 15.6% | ||
| Q2 24 | 8.2% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.00 | $2.56 | ||
| Q3 25 | $-3.91 | $2.96 | ||
| Q2 25 | $0.59 | $3.03 | ||
| Q1 25 | $1.57 | $2.57 | ||
| Q4 24 | $0.47 | $4.41 | ||
| Q3 24 | $-0.58 | $3.35 | ||
| Q2 24 | $1.45 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $12.3B | — |
| Stockholders' EquityBook value | $9.0B | $13.0B |
| Total Assets | $29.3B | $5.2B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $43.9M | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.7B | $31.1M | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $6.8B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $9.0B | $13.0B | ||
| Q3 25 | $9.2B | $12.8B | ||
| Q2 25 | $10.2B | $12.6B | ||
| Q1 25 | $9.9B | $12.3B | ||
| Q4 24 | $9.3B | $12.1B | ||
| Q3 24 | $10.2B | $11.6B | ||
| Q2 24 | $9.9B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $29.3B | $18.0B | ||
| Q3 25 | $29.3B | $17.9B | ||
| Q2 25 | $29.9B | $17.6B | ||
| Q1 25 | $24.8B | $17.3B | ||
| Q4 24 | $24.5B | $17.4B | ||
| Q3 24 | $25.5B | $17.0B | ||
| Q2 24 | $24.3B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 0.00× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.72× | 0.00× | ||
| 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 | $159.8M |
| Free Cash FlowOCF − Capex | $392.0M | — |
| FCF MarginFCF / Revenue | 8.3% | — |
| Capex IntensityCapex / Revenue | 0.8% | 0.7% |
| Cash ConversionOCF / Net Profit | 42.80× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $428.0M | $771.1M | ||
| Q3 25 | $209.0M | $678.4M | ||
| Q2 25 | $359.0M | $287.5M | ||
| Q1 25 | $188.0M | $134.2M | ||
| Q4 24 | $652.0M | $567.6M | ||
| Q3 24 | $290.0M | $455.9M | ||
| Q2 24 | $323.0M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | $392.0M | $739.8M | ||
| Q3 25 | $196.0M | $651.1M | ||
| Q2 25 | $322.0M | $253.0M | ||
| Q1 25 | $169.0M | $104.6M | ||
| Q4 24 | $595.0M | $543.1M | ||
| Q3 24 | $253.0M | $417.2M | ||
| Q2 24 | $295.0M | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | 8.3% | 16.0% | ||
| Q3 25 | 5.2% | 14.8% | ||
| Q2 25 | 7.7% | 5.7% | ||
| Q1 25 | 4.6% | 2.7% | ||
| Q4 24 | 15.7% | 11.0% | ||
| Q3 24 | 7.8% | 9.3% | ||
| Q2 24 | 8.2% | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 0.8% | 0.7% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.9% | 0.8% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 1.5% | 0.5% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 0.8% | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 42.80× | 1.54× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | 9.70× | 0.47× | ||
| Q1 25 | 0.56× | 0.26× | ||
| Q4 24 | 4.18× | 0.62× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | 1.09× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
