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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $2.7B, roughly 1.8× QVC Group, Inc.). Flutter Entertainment plc runs the higher net margin — 0.2% vs -1.4%, a 1.6% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs -9.1%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $191.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 6.9%).
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.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
FLUT vs QVCGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.7B |
| Net Profit | $10.0M | $-37.0M |
| Gross Margin | 44.5% | 32.9% |
| Operating Margin | 5.4% | 3.7% |
| Net Margin | 0.2% | -1.4% |
| Revenue YoY | 24.9% | -9.1% |
| Net Profit YoY | -93.6% | 97.1% |
| EPS (diluted) | $0.00 | $-17.37 |
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 | $2.7B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $3.7B | $2.1B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $3.2B | $2.3B | ||
| Q2 24 | $3.6B | $2.4B | ||
| Q1 24 | $3.4B | $2.3B |
| Q4 25 | $10.0M | $-37.0M | ||
| Q3 25 | $-789.0M | $-80.0M | ||
| Q2 25 | $37.0M | $-2.2B | ||
| Q1 25 | $335.0M | $-100.0M | ||
| Q4 24 | $156.0M | $-1.3B | ||
| Q3 24 | $-114.0M | $-23.0M | ||
| Q2 24 | $297.0M | $20.0M | ||
| Q1 24 | $-177.0M | $-1.0M |
| Q4 25 | 44.5% | 32.9% | ||
| Q3 25 | 42.9% | 34.0% | ||
| Q2 25 | 46.8% | 36.4% | ||
| Q1 25 | 46.6% | 34.2% | ||
| Q4 24 | 48.2% | 33.3% | ||
| Q3 24 | 46.1% | 35.3% | ||
| Q2 24 | 49.2% | 36.4% | ||
| Q1 24 | 47.2% | 35.5% |
| Q4 25 | 5.4% | 3.7% | ||
| Q3 25 | -22.0% | 2.7% | ||
| Q2 25 | 9.3% | -101.6% | ||
| Q1 25 | 6.1% | 0.7% | ||
| Q4 24 | 7.4% | -43.2% | ||
| Q3 24 | 3.0% | 6.5% | ||
| Q2 24 | 10.2% | 6.9% | ||
| Q1 24 | 3.7% | 6.2% |
| Q4 25 | 0.2% | -1.4% | ||
| Q3 25 | -20.8% | -3.6% | ||
| Q2 25 | 0.9% | -99.4% | ||
| Q1 25 | 9.1% | -4.8% | ||
| Q4 24 | 4.1% | -43.7% | ||
| Q3 24 | -3.5% | -1.0% | ||
| Q2 24 | 8.2% | 0.8% | ||
| Q1 24 | -5.2% | -0.0% |
| Q4 25 | $0.00 | $-17.37 | ||
| Q3 25 | $-3.91 | $-9.89 | ||
| Q2 25 | $0.59 | $-275.46 | ||
| Q1 25 | $1.57 | $-0.25 | ||
| Q4 24 | $0.47 | — | ||
| Q3 24 | $-0.58 | $-0.06 | ||
| Q2 24 | $1.45 | $2.57 | ||
| Q1 24 | $-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 | $1.8B | $2.0B |
| Total DebtLower is stronger | $12.3B | $790.0M |
| Stockholders' EquityBook value | $9.0B | $-3.1B |
| Total Assets | $29.3B | $7.6B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $897.0M | ||
| Q1 25 | $1.5B | $833.0M | ||
| Q4 24 | $1.5B | $905.0M | ||
| Q3 24 | $1.5B | $873.0M | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $12.3B | $790.0M | ||
| Q3 25 | $12.1B | $5.9B | ||
| Q2 25 | $10.0B | $4.9B | ||
| Q1 25 | $6.8B | $5.0B | ||
| Q4 24 | $6.7B | $4.1B | ||
| Q3 24 | $6.9B | $5.1B | ||
| Q2 24 | $6.8B | $5.3B | ||
| Q1 24 | $6.8B | $5.5B |
| Q4 25 | $9.0B | $-3.1B | ||
| Q3 25 | $9.2B | $-3.1B | ||
| Q2 25 | $10.2B | $-3.0B | ||
| Q1 25 | $9.9B | $-981.0M | ||
| Q4 24 | $9.3B | $-971.0M | ||
| Q3 24 | $10.2B | $397.0M | ||
| Q2 24 | $9.9B | $328.0M | ||
| Q1 24 | $9.5B | $255.0M |
| Q4 25 | $29.3B | $7.6B | ||
| Q3 25 | $29.3B | $7.6B | ||
| Q2 25 | $29.9B | $6.7B | ||
| Q1 25 | $24.8B | $9.0B | ||
| Q4 24 | $24.5B | $9.2B | ||
| Q3 24 | $25.5B | $10.8B | ||
| Q2 24 | $24.3B | $10.9B | ||
| Q1 24 | $24.4B | $11.0B |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.67× | 12.74× | ||
| Q2 24 | 0.69× | 16.28× | ||
| Q1 24 | 0.72× | 21.53× |
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 | $244.0M |
| Free Cash FlowOCF − Capex | $392.0M | $191.0M |
| FCF MarginFCF / Revenue | 8.3% | 7.1% |
| Capex IntensityCapex / Revenue | 0.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 42.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $244.0M | ||
| Q3 25 | $209.0M | $4.0M | ||
| Q2 25 | $359.0M | $86.0M | ||
| Q1 25 | $188.0M | $-60.0M | ||
| Q4 24 | $652.0M | $212.0M | ||
| Q3 24 | $290.0M | $20.0M | ||
| Q2 24 | $323.0M | $267.0M | ||
| Q1 24 | $337.0M | $26.0M |
| Q4 25 | $392.0M | $191.0M | ||
| Q3 25 | $196.0M | $-27.0M | ||
| Q2 25 | $322.0M | $48.0M | ||
| Q1 25 | $169.0M | $-94.0M | ||
| Q4 24 | $595.0M | $150.0M | ||
| Q3 24 | $253.0M | $-23.0M | ||
| Q2 24 | $295.0M | $213.0M | ||
| Q1 24 | $315.0M | $-14.0M |
| Q4 25 | 8.3% | 7.1% | ||
| Q3 25 | 5.2% | -1.2% | ||
| Q2 25 | 7.7% | 2.1% | ||
| Q1 25 | 4.6% | -4.5% | ||
| Q4 24 | 15.7% | 5.1% | ||
| Q3 24 | 7.8% | -1.0% | ||
| Q2 24 | 8.2% | 8.8% | ||
| Q1 24 | 9.3% | -0.6% |
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.9% | 1.7% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | 1.5% | 2.1% | ||
| Q3 24 | 1.1% | 1.8% | ||
| Q2 24 | 0.8% | 2.2% | ||
| Q1 24 | 0.6% | 1.7% |
| Q4 25 | 42.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.70× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 4.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.09× | 13.35× | ||
| Q1 24 | — | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
