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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and SharkNinja, Inc. (SN). Click either name above to swap in a different company.

SharkNinja, Inc. is the larger business by last-quarter revenue ($5.5B vs $4.7B, roughly 1.2× Flutter Entertainment plc). On growth, SharkNinja, Inc. posted the faster year-over-year revenue change (30.0% vs 24.9%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $308.9M).

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.

SharkNinja is a global product design and technology company based in Needham, Massachusetts. Founded in 1994 by Mark Rosenzweig and led by CEO Mark Barrocas, who joined the company in 2008 as president. The company's name is formed by combining its two primary brands: Shark and Ninja.

FLUT vs SN — Head-to-Head

Bigger by revenue
SN
SN
1.2× larger
SN
$5.5B
$4.7B
FLUT
Growing faster (revenue YoY)
SN
SN
+5.1% gap
SN
30.0%
24.9%
FLUT
More free cash flow
FLUT
FLUT
$83.1M more FCF
FLUT
$392.0M
$308.9M
SN

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
FLUT
FLUT
SN
SN
Revenue
$4.7B
$5.5B
Net Profit
$10.0M
Gross Margin
44.5%
48.1%
Operating Margin
5.4%
11.7%
Net Margin
0.2%
Revenue YoY
24.9%
30.0%
Net Profit YoY
-93.6%
EPS (diluted)
$0.00
$3.11

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.

Revenue
FLUT
FLUT
SN
SN
Q4 25
$4.7B
Q3 25
$3.8B
Q2 25
$4.2B
Q1 25
$3.7B
Q4 24
$3.8B
$5.5B
Q3 24
$3.2B
Q2 24
$3.6B
Q1 24
$3.4B
Net Profit
FLUT
FLUT
SN
SN
Q4 25
$10.0M
Q3 25
$-789.0M
Q2 25
$37.0M
Q1 25
$335.0M
Q4 24
$156.0M
Q3 24
$-114.0M
Q2 24
$297.0M
Q1 24
$-177.0M
Gross Margin
FLUT
FLUT
SN
SN
Q4 25
44.5%
Q3 25
42.9%
Q2 25
46.8%
Q1 25
46.6%
Q4 24
48.2%
48.1%
Q3 24
46.1%
Q2 24
49.2%
Q1 24
47.2%
Operating Margin
FLUT
FLUT
SN
SN
Q4 25
5.4%
Q3 25
-22.0%
Q2 25
9.3%
Q1 25
6.1%
Q4 24
7.4%
11.7%
Q3 24
3.0%
Q2 24
10.2%
Q1 24
3.7%
Net Margin
FLUT
FLUT
SN
SN
Q4 25
0.2%
Q3 25
-20.8%
Q2 25
0.9%
Q1 25
9.1%
Q4 24
4.1%
Q3 24
-3.5%
Q2 24
8.2%
Q1 24
-5.2%
EPS (diluted)
FLUT
FLUT
SN
SN
Q4 25
$0.00
Q3 25
$-3.91
Q2 25
$0.59
Q1 25
$1.57
Q4 24
$0.47
$3.11
Q3 24
$-0.58
Q2 24
$1.45
Q1 24
$-1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLUT
FLUT
SN
SN
Cash + ST InvestmentsLiquidity on hand
$1.8B
$363.7M
Total DebtLower is stronger
$12.3B
Stockholders' EquityBook value
$9.0B
$1.9B
Total Assets
$29.3B
$4.4B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLUT
FLUT
SN
SN
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
$363.7M
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.4B
Total Debt
FLUT
FLUT
SN
SN
Q4 25
$12.3B
Q3 25
$12.1B
Q2 25
$10.0B
Q1 25
$6.8B
Q4 24
$6.7B
Q3 24
$6.9B
Q2 24
$6.8B
Q1 24
$6.8B
Stockholders' Equity
FLUT
FLUT
SN
SN
Q4 25
$9.0B
Q3 25
$9.2B
Q2 25
$10.2B
Q1 25
$9.9B
Q4 24
$9.3B
$1.9B
Q3 24
$10.2B
Q2 24
$9.9B
Q1 24
$9.5B
Total Assets
FLUT
FLUT
SN
SN
Q4 25
$29.3B
Q3 25
$29.3B
Q2 25
$29.9B
Q1 25
$24.8B
Q4 24
$24.5B
$4.4B
Q3 24
$25.5B
Q2 24
$24.3B
Q1 24
$24.4B
Debt / Equity
FLUT
FLUT
SN
SN
Q4 25
1.36×
Q3 25
1.31×
Q2 25
0.97×
Q1 25
0.69×
Q4 24
0.72×
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
FLUT
FLUT
SN
SN
Operating Cash FlowLast quarter
$428.0M
$446.6M
Free Cash FlowOCF − Capex
$392.0M
$308.9M
FCF MarginFCF / Revenue
8.3%
5.6%
Capex IntensityCapex / Revenue
0.8%
2.5%
Cash ConversionOCF / Net Profit
42.80×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLUT
FLUT
SN
SN
Q4 25
$428.0M
Q3 25
$209.0M
Q2 25
$359.0M
Q1 25
$188.0M
Q4 24
$652.0M
$446.6M
Q3 24
$290.0M
Q2 24
$323.0M
Q1 24
$337.0M
Free Cash Flow
FLUT
FLUT
SN
SN
Q4 25
$392.0M
Q3 25
$196.0M
Q2 25
$322.0M
Q1 25
$169.0M
Q4 24
$595.0M
$308.9M
Q3 24
$253.0M
Q2 24
$295.0M
Q1 24
$315.0M
FCF Margin
FLUT
FLUT
SN
SN
Q4 25
8.3%
Q3 25
5.2%
Q2 25
7.7%
Q1 25
4.6%
Q4 24
15.7%
5.6%
Q3 24
7.8%
Q2 24
8.2%
Q1 24
9.3%
Capex Intensity
FLUT
FLUT
SN
SN
Q4 25
0.8%
Q3 25
0.3%
Q2 25
0.9%
Q1 25
0.5%
Q4 24
1.5%
2.5%
Q3 24
1.1%
Q2 24
0.8%
Q1 24
0.6%
Cash Conversion
FLUT
FLUT
SN
SN
Q4 25
42.80×
Q3 25
Q2 25
9.70×
Q1 25
0.56×
Q4 24
4.18×
Q3 24
Q2 24
1.09×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLUT
FLUT

Other$2.6B55%
Sports Book$1.5B32%
Igaming$586.0M12%
Service Other$59.0M1%

SN
SN

Segment breakdown not available.

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