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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $4.7B, roughly 1.0× Flutter Entertainment plc). TE Connectivity runs the higher net margin — 18.0% vs 0.2%, a 17.8% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 14.5%). TE Connectivity produced more free cash flow last quarter ($680.0M vs $392.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 9.2%).
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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
FLUT vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $4.7B |
| Net Profit | $10.0M | $855.0M |
| Gross Margin | 44.5% | 36.8% |
| Operating Margin | 5.4% | 20.1% |
| Net Margin | 0.2% | 18.0% |
| Revenue YoY | 24.9% | 14.5% |
| Net Profit YoY | -93.6% | 58.0% |
| EPS (diluted) | $0.00 | $2.90 |
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 | — | $4.7B | ||
| Q4 25 | $4.7B | $4.7B | ||
| Q3 25 | $3.8B | $4.7B | ||
| Q2 25 | $4.2B | $4.5B | ||
| Q1 25 | $3.7B | $4.1B | ||
| Q4 24 | $3.8B | $3.8B | ||
| Q3 24 | $3.2B | $4.1B | ||
| Q2 24 | $3.6B | $4.0B |
| Q1 26 | — | $855.0M | ||
| Q4 25 | $10.0M | $750.0M | ||
| Q3 25 | $-789.0M | $663.0M | ||
| Q2 25 | $37.0M | $638.0M | ||
| Q1 25 | $335.0M | $13.0M | ||
| Q4 24 | $156.0M | $528.0M | ||
| Q3 24 | $-114.0M | $276.0M | ||
| Q2 24 | $297.0M | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | 44.5% | 37.2% | ||
| Q3 25 | 42.9% | 35.0% | ||
| Q2 25 | 46.8% | 35.3% | ||
| Q1 25 | 46.6% | 35.2% | ||
| Q4 24 | 48.2% | 35.5% | ||
| Q3 24 | 46.1% | 34.0% | ||
| Q2 24 | 49.2% | 34.8% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | 5.4% | 20.6% | ||
| Q3 25 | -22.0% | 19.3% | ||
| Q2 25 | 9.3% | 18.9% | ||
| Q1 25 | 6.1% | 18.1% | ||
| Q4 24 | 7.4% | 18.0% | ||
| Q3 24 | 3.0% | 16.0% | ||
| Q2 24 | 10.2% | 19.0% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 0.2% | 16.1% | ||
| Q3 25 | -20.8% | 14.0% | ||
| Q2 25 | 0.9% | 14.1% | ||
| Q1 25 | 9.1% | 0.3% | ||
| Q4 24 | 4.1% | 13.8% | ||
| Q3 24 | -3.5% | 6.8% | ||
| Q2 24 | 8.2% | 14.4% |
| Q1 26 | — | $2.90 | ||
| Q4 25 | $0.00 | $2.53 | ||
| Q3 25 | $-3.91 | $2.23 | ||
| Q2 25 | $0.59 | $2.14 | ||
| Q1 25 | $1.57 | $0.04 | ||
| Q4 24 | $0.47 | $1.75 | ||
| Q3 24 | $-0.58 | $0.96 | ||
| Q2 24 | $1.45 | $1.86 |
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 | $1.1B |
| Total DebtLower is stronger | $12.3B | $5.7B |
| Stockholders' EquityBook value | $9.0B | $13.2B |
| Total Assets | $29.3B | $25.7B |
| Debt / EquityLower = less leverage | 1.36× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $672.0M | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.5B |
| Q1 26 | — | $5.7B | ||
| 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 26 | — | $13.2B | ||
| Q4 25 | $9.0B | $13.0B | ||
| Q3 25 | $9.2B | $12.6B | ||
| Q2 25 | $10.2B | $12.4B | ||
| Q1 25 | $9.9B | $12.1B | ||
| Q4 24 | $9.3B | $12.4B | ||
| Q3 24 | $10.2B | $12.4B | ||
| Q2 24 | $9.9B | $12.6B |
| Q1 26 | — | $25.7B | ||
| Q4 25 | $29.3B | $25.6B | ||
| Q3 25 | $29.3B | $25.1B | ||
| Q2 25 | $29.9B | $24.9B | ||
| Q1 25 | $24.8B | $23.7B | ||
| Q4 24 | $24.5B | $22.4B | ||
| Q3 24 | $25.5B | $22.9B | ||
| Q2 24 | $24.3B | $22.9B |
| Q1 26 | — | 0.43× | ||
| 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× | — |
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 | $947.0M |
| Free Cash FlowOCF − Capex | $392.0M | $680.0M |
| FCF MarginFCF / Revenue | 8.3% | 14.3% |
| Capex IntensityCapex / Revenue | 0.8% | 5.7% |
| Cash ConversionOCF / Net Profit | 42.80× | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $947.0M | ||
| Q4 25 | $428.0M | $865.0M | ||
| Q3 25 | $209.0M | $1.4B | ||
| Q2 25 | $359.0M | $1.2B | ||
| Q1 25 | $188.0M | $653.0M | ||
| Q4 24 | $652.0M | $878.0M | ||
| Q3 24 | $290.0M | $1.0B | ||
| Q2 24 | $323.0M | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | $392.0M | $607.0M | ||
| Q3 25 | $196.0M | $1.1B | ||
| Q2 25 | $322.0M | $957.0M | ||
| Q1 25 | $169.0M | $423.0M | ||
| Q4 24 | $595.0M | $673.0M | ||
| Q3 24 | $253.0M | $829.0M | ||
| Q2 24 | $295.0M | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | 8.3% | 13.0% | ||
| Q3 25 | 5.2% | 24.2% | ||
| Q2 25 | 7.7% | 21.1% | ||
| Q1 25 | 4.6% | 10.2% | ||
| Q4 24 | 15.7% | 17.5% | ||
| Q3 24 | 7.8% | 20.4% | ||
| Q2 24 | 8.2% | 21.5% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 0.8% | 5.5% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | 0.9% | 5.1% | ||
| Q1 25 | 0.5% | 5.6% | ||
| Q4 24 | 1.5% | 5.3% | ||
| Q3 24 | 1.1% | 5.2% | ||
| Q2 24 | 0.8% | 3.7% |
| Q1 26 | — | 1.11× | ||
| Q4 25 | 42.80× | 1.15× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | 9.70× | 1.86× | ||
| Q1 25 | 0.56× | 50.23× | ||
| Q4 24 | 4.18× | 1.66× | ||
| Q3 24 | — | 3.78× | ||
| Q2 24 | 1.09× | 1.76× |
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% |
TEL
Segment breakdown not available.
