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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $2.5B, roughly 1.9× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 0.2%, a 22.2% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 14.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $392.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% CAGR vs 18.1%).
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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
FLUT vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.5B |
| Net Profit | $10.0M | $561.3M |
| Gross Margin | 44.5% | 75.5% |
| Operating Margin | 5.4% | 28.6% |
| Net Margin | 0.2% | 22.4% |
| Revenue YoY | 24.9% | 14.0% |
| Net Profit YoY | -93.6% | 80.8% |
| EPS (diluted) | $0.00 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $4.2B | $1.7B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.6B | $1.6B | ||
| Q1 24 | $3.4B | $1.5B |
| Q4 25 | $10.0M | $561.3M | ||
| Q3 25 | $-789.0M | $274.8M | ||
| Q2 25 | $37.0M | $-517.1M | ||
| Q1 25 | $335.0M | $203.3M | ||
| Q4 24 | $156.0M | $310.4M | ||
| Q3 24 | $-114.0M | $186.6M | ||
| Q2 24 | $297.0M | $159.3M | ||
| Q1 24 | $-177.0M | $139.4M |
| Q4 25 | 44.5% | 75.5% | ||
| Q3 25 | 42.9% | 76.3% | ||
| Q2 25 | 46.8% | 76.3% | ||
| Q1 25 | 46.6% | 76.1% | ||
| Q4 24 | 48.2% | 74.4% | ||
| Q3 24 | 46.1% | 75.3% | ||
| Q2 24 | 49.2% | 74.9% | ||
| Q1 24 | 47.2% | 74.7% |
| Q4 25 | 5.4% | 28.6% | ||
| Q3 25 | -22.0% | 19.3% | ||
| Q2 25 | 9.3% | -33.9% | ||
| Q1 25 | 6.1% | 16.0% | ||
| Q4 24 | 7.4% | 22.4% | ||
| Q3 24 | 3.0% | 16.7% | ||
| Q2 24 | 10.2% | 14.8% | ||
| Q1 24 | 3.7% | 13.8% |
| Q4 25 | 0.2% | 22.4% | ||
| Q3 25 | -20.8% | 16.1% | ||
| Q2 25 | 0.9% | -30.0% | ||
| Q1 25 | 9.1% | 12.8% | ||
| Q4 24 | 4.1% | 14.1% | ||
| Q3 24 | -3.5% | 12.4% | ||
| Q2 24 | 8.2% | 10.0% | ||
| Q1 24 | -5.2% | 9.4% |
| Q4 25 | $0.00 | $2.68 | ||
| Q3 25 | $-3.91 | $1.28 | ||
| Q2 25 | $0.59 | $-2.30 | ||
| Q1 25 | $1.57 | $0.95 | ||
| Q4 24 | $0.47 | $1.38 | ||
| Q3 24 | $-0.58 | $0.79 | ||
| Q2 24 | $1.45 | $0.67 | ||
| Q1 24 | $-1.10 | $0.60 |
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 | $2.4B |
| Stockholders' EquityBook value | $9.0B | $551.2M |
| Total Assets | $29.3B | $6.5B |
| Debt / EquityLower = less leverage | 1.36× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | $743.2M | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $7.3B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.4B | $7.4B |
| Q4 25 | $12.3B | $2.4B | ||
| Q3 25 | $12.1B | $2.4B | ||
| Q2 25 | $10.0B | $2.4B | ||
| Q1 25 | $6.8B | $2.4B | ||
| Q4 24 | $6.7B | $2.4B | ||
| Q3 24 | $6.9B | $7.0B | ||
| Q2 24 | $6.8B | $6.9B | ||
| Q1 24 | $6.8B | $7.7B |
| Q4 25 | $9.0B | $551.2M | ||
| Q3 25 | $9.2B | $399.5M | ||
| Q2 25 | $10.2B | $857.8M | ||
| Q1 25 | $9.9B | $1.5B | ||
| Q4 24 | $9.3B | $1.3B | ||
| Q3 24 | $10.2B | $3.0B | ||
| Q2 24 | $9.9B | $2.9B | ||
| Q1 24 | $9.5B | $2.8B |
| Q4 25 | $29.3B | $6.5B | ||
| Q3 25 | $29.3B | $6.4B | ||
| Q2 25 | $29.9B | $6.6B | ||
| Q1 25 | $24.8B | $7.3B | ||
| Q4 24 | $24.5B | $7.3B | ||
| Q3 24 | $25.5B | $13.7B | ||
| Q2 24 | $24.3B | $13.4B | ||
| Q1 24 | $24.4B | $13.7B |
| Q4 25 | 1.36× | 4.32× | ||
| Q3 25 | 1.31× | 5.95× | ||
| Q2 25 | 0.97× | 2.77× | ||
| Q1 25 | 0.69× | 1.59× | ||
| Q4 24 | 0.72× | 1.78× | ||
| Q3 24 | 0.67× | 2.35× | ||
| Q2 24 | 0.69× | 2.39× | ||
| Q1 24 | 0.72× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $392.0M | $1.0B |
| FCF MarginFCF / Revenue | 8.3% | 41.5% |
| Capex IntensityCapex / Revenue | 0.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 42.80× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $1.1B | ||
| Q3 25 | $209.0M | $112.6M | ||
| Q2 25 | $359.0M | $446.8M | ||
| Q1 25 | $188.0M | $144.3M | ||
| Q4 24 | $652.0M | $506.0M | ||
| Q3 24 | $290.0M | $119.5M | ||
| Q2 24 | $323.0M | $256.0M | ||
| Q1 24 | $337.0M | $97.8M |
| Q4 25 | $392.0M | $1.0B | ||
| Q3 25 | $196.0M | $80.2M | ||
| Q2 25 | $322.0M | $411.5M | ||
| Q1 25 | $169.0M | $113.4M | ||
| Q4 24 | $595.0M | $475.1M | ||
| Q3 24 | $253.0M | $93.9M | ||
| Q2 24 | $295.0M | $209.8M | ||
| Q1 24 | $315.0M | $78.8M |
| Q4 25 | 8.3% | 41.5% | ||
| Q3 25 | 5.2% | 4.7% | ||
| Q2 25 | 7.7% | 23.9% | ||
| Q1 25 | 4.6% | 7.2% | ||
| Q4 24 | 15.7% | 21.6% | ||
| Q3 24 | 7.8% | 6.2% | ||
| Q2 24 | 8.2% | 13.2% | ||
| Q1 24 | 9.3% | 5.3% |
| Q4 25 | 0.8% | 1.7% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 1.5% | 1.4% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 0.8% | 2.9% | ||
| Q1 24 | 0.6% | 1.3% |
| Q4 25 | 42.80× | 1.93× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | 9.70× | — | ||
| Q1 25 | 0.56× | 0.71× | ||
| Q4 24 | 4.18× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 1.09× | 1.61× | ||
| Q1 24 | — | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
