vs
Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $3.1B, roughly 1.5× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 6.7% vs 0.2%, a 6.5% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 6.1%). Molson Coors Beverage Company produced more free cash flow last quarter ($1.1B vs $392.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs -9.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
FLUT vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $3.1B |
| Net Profit | $10.0M | $209.3M |
| Gross Margin | 44.5% | 31.0% |
| Operating Margin | 5.4% | — |
| Net Margin | 0.2% | 6.7% |
| Revenue YoY | 24.9% | 6.1% |
| Net Profit YoY | -93.6% | -28.7% |
| EPS (diluted) | $0.00 | $1.22 |
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 | — | $3.1B | ||
| Q4 25 | $4.7B | $3.1B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $4.2B | $3.7B | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $3.8B | $3.2B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.6B | $3.8B |
| Q1 26 | — | $209.3M | ||
| Q4 25 | $10.0M | $238.3M | ||
| Q3 25 | $-789.0M | $-2.9B | ||
| Q2 25 | $37.0M | $428.7M | ||
| Q1 25 | $335.0M | $121.0M | ||
| Q4 24 | $156.0M | $287.8M | ||
| Q3 24 | $-114.0M | $199.8M | ||
| Q2 24 | $297.0M | $427.0M |
| Q1 26 | — | 31.0% | ||
| Q4 25 | 44.5% | 31.0% | ||
| Q3 25 | 42.9% | 33.7% | ||
| Q2 25 | 46.8% | 34.3% | ||
| Q1 25 | 46.6% | 31.6% | ||
| Q4 24 | 48.2% | 32.0% | ||
| Q3 24 | 46.1% | 33.4% | ||
| Q2 24 | 49.2% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 10.4% | ||
| Q3 25 | -22.0% | -98.5% | ||
| Q2 25 | 9.3% | 15.6% | ||
| Q1 25 | 6.1% | 6.9% | ||
| Q4 24 | 7.4% | 12.0% | ||
| Q3 24 | 3.0% | 12.5% | ||
| Q2 24 | 10.2% | 15.6% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | 0.2% | 7.6% | ||
| Q3 25 | -20.8% | -84.0% | ||
| Q2 25 | 0.9% | 11.5% | ||
| Q1 25 | 9.1% | 4.5% | ||
| Q4 24 | 4.1% | 8.9% | ||
| Q3 24 | -3.5% | 5.5% | ||
| Q2 24 | 8.2% | 11.1% |
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.00 | $1.32 | ||
| Q3 25 | $-3.91 | $-14.79 | ||
| Q2 25 | $0.59 | $2.13 | ||
| Q1 25 | $1.57 | $0.59 | ||
| Q4 24 | $0.47 | $1.39 | ||
| Q3 24 | $-0.58 | $0.96 | ||
| Q2 24 | $1.45 | $2.03 |
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 | $896.5M |
| Total DebtLower is stronger | $12.3B | $3.9B |
| Stockholders' EquityBook value | $9.0B | $10.4B |
| Total Assets | $29.3B | $22.7B |
| Debt / EquityLower = less leverage | 1.36× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $896.5M | ||
| Q4 25 | $1.8B | $896.5M | ||
| Q3 25 | $1.7B | $950.2M | ||
| Q2 25 | $1.7B | $613.8M | ||
| Q1 25 | $1.5B | $412.7M | ||
| Q4 24 | $1.5B | $969.3M | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $1.6B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $12.3B | $6.3B | ||
| Q3 25 | $12.1B | $6.3B | ||
| Q2 25 | $10.0B | $6.3B | ||
| Q1 25 | $6.8B | $6.2B | ||
| Q4 24 | $6.7B | $6.1B | ||
| Q3 24 | $6.9B | $6.2B | ||
| Q2 24 | $6.8B | $7.0B |
| Q1 26 | — | $10.4B | ||
| Q4 25 | $9.0B | $10.2B | ||
| Q3 25 | $9.2B | $10.3B | ||
| Q2 25 | $10.2B | $13.4B | ||
| Q1 25 | $9.9B | $13.1B | ||
| Q4 24 | $9.3B | $13.1B | ||
| Q3 24 | $10.2B | $13.3B | ||
| Q2 24 | $9.9B | $13.2B |
| Q1 26 | — | $22.7B | ||
| Q4 25 | $29.3B | $22.7B | ||
| Q3 25 | $29.3B | $22.9B | ||
| Q2 25 | $29.9B | $26.8B | ||
| Q1 25 | $24.8B | $25.9B | ||
| Q4 24 | $24.5B | $26.1B | ||
| Q3 24 | $25.5B | $26.6B | ||
| Q2 24 | $24.3B | $27.4B |
| Q1 26 | — | 0.37× | ||
| Q4 25 | 1.36× | 0.61× | ||
| Q3 25 | 1.31× | 0.61× | ||
| Q2 25 | 0.97× | 0.47× | ||
| Q1 25 | 0.69× | 0.47× | ||
| Q4 24 | 0.72× | 0.47× | ||
| Q3 24 | 0.67× | 0.47× | ||
| Q2 24 | 0.69× | 0.53× |
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 | — |
| Free Cash FlowOCF − Capex | $392.0M | $1.1B |
| FCF MarginFCF / Revenue | 8.3% | 36.5% |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 42.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $540.7M | ||
| Q3 25 | $209.0M | $616.1M | ||
| Q2 25 | $359.0M | $718.3M | ||
| Q1 25 | $188.0M | $-90.7M | ||
| Q4 24 | $652.0M | $494.5M | ||
| Q3 24 | $290.0M | $521.2M | ||
| Q2 24 | $323.0M | $869.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $392.0M | $357.8M | ||
| Q3 25 | $196.0M | $483.0M | ||
| Q2 25 | $322.0M | $555.0M | ||
| Q1 25 | $169.0M | $-328.0M | ||
| Q4 24 | $595.0M | $383.4M | ||
| Q3 24 | $253.0M | $350.4M | ||
| Q2 24 | $295.0M | $691.7M |
| Q1 26 | — | 36.5% | ||
| Q4 25 | 8.3% | 11.4% | ||
| Q3 25 | 5.2% | 13.9% | ||
| Q2 25 | 7.7% | 14.8% | ||
| Q1 25 | 4.6% | -12.2% | ||
| Q4 24 | 15.7% | 11.8% | ||
| Q3 24 | 7.8% | 9.7% | ||
| Q2 24 | 8.2% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 5.9% | ||
| Q3 25 | 0.3% | 3.8% | ||
| Q2 25 | 0.9% | 4.4% | ||
| Q1 25 | 0.5% | 8.8% | ||
| Q4 24 | 1.5% | 3.4% | ||
| Q3 24 | 1.1% | 4.7% | ||
| Q2 24 | 0.8% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 42.80× | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.70× | 1.68× | ||
| Q1 25 | 0.56× | -0.75× | ||
| Q4 24 | 4.18× | 1.72× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | 1.09× | 2.04× |
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% |
TAP
Segment breakdown not available.
