vs
Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $846.8M, roughly 5.6× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 0.2%, a 21.9% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 14.3%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $285.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
FLUT vs TTD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $846.8M |
| Net Profit | $10.0M | $186.9M |
| Gross Margin | 44.5% | 80.7% |
| Operating Margin | 5.4% | 30.3% |
| Net Margin | 0.2% | 22.1% |
| Revenue YoY | 24.9% | 14.3% |
| Net Profit YoY | -93.6% | 2.6% |
| EPS (diluted) | $0.00 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $3.8B | $739.4M | ||
| Q2 25 | $4.2B | $694.0M | ||
| Q1 25 | $3.7B | $616.0M | ||
| Q4 24 | $3.8B | $741.0M | ||
| Q3 24 | $3.2B | $628.0M | ||
| Q2 24 | $3.6B | $584.5M | ||
| Q1 24 | $3.4B | $491.3M |
| Q4 25 | $10.0M | $186.9M | ||
| Q3 25 | $-789.0M | $115.5M | ||
| Q2 25 | $37.0M | $90.1M | ||
| Q1 25 | $335.0M | $50.7M | ||
| Q4 24 | $156.0M | $182.2M | ||
| Q3 24 | $-114.0M | $94.2M | ||
| Q2 24 | $297.0M | $85.0M | ||
| Q1 24 | $-177.0M | $31.7M |
| Q4 25 | 44.5% | 80.7% | ||
| Q3 25 | 42.9% | 78.1% | ||
| Q2 25 | 46.8% | 78.2% | ||
| Q1 25 | 46.6% | 76.8% | ||
| Q4 24 | 48.2% | 81.7% | ||
| Q3 24 | 46.1% | 80.5% | ||
| Q2 24 | 49.2% | 81.1% | ||
| Q1 24 | 47.2% | 78.9% |
| Q4 25 | 5.4% | 30.3% | ||
| Q3 25 | -22.0% | 21.8% | ||
| Q2 25 | 9.3% | 16.8% | ||
| Q1 25 | 6.1% | 8.8% | ||
| Q4 24 | 7.4% | 26.4% | ||
| Q3 24 | 3.0% | 17.3% | ||
| Q2 24 | 10.2% | 16.2% | ||
| Q1 24 | 3.7% | 5.8% |
| Q4 25 | 0.2% | 22.1% | ||
| Q3 25 | -20.8% | 15.6% | ||
| Q2 25 | 0.9% | 13.0% | ||
| Q1 25 | 9.1% | 8.2% | ||
| Q4 24 | 4.1% | 24.6% | ||
| Q3 24 | -3.5% | 15.0% | ||
| Q2 24 | 8.2% | 14.5% | ||
| Q1 24 | -5.2% | 6.4% |
| Q4 25 | $0.00 | $0.39 | ||
| Q3 25 | $-3.91 | $0.23 | ||
| Q2 25 | $0.59 | $0.18 | ||
| Q1 25 | $1.57 | $0.10 | ||
| Q4 24 | $0.47 | $0.36 | ||
| Q3 24 | $-0.58 | $0.19 | ||
| Q2 24 | $1.45 | $0.17 | ||
| Q1 24 | $-1.10 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $12.3B | — |
| Stockholders' EquityBook value | $9.0B | $2.5B |
| Total Assets | $29.3B | $6.2B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.4B | $1.4B |
| 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 | — |
| Q4 25 | $9.0B | $2.5B | ||
| Q3 25 | $9.2B | $2.6B | ||
| Q2 25 | $10.2B | $2.7B | ||
| Q1 25 | $9.9B | $2.7B | ||
| Q4 24 | $9.3B | $2.9B | ||
| Q3 24 | $10.2B | $2.6B | ||
| Q2 24 | $9.9B | $2.4B | ||
| Q1 24 | $9.5B | $2.2B |
| Q4 25 | $29.3B | $6.2B | ||
| Q3 25 | $29.3B | $5.9B | ||
| Q2 25 | $29.9B | $6.0B | ||
| Q1 25 | $24.8B | $5.7B | ||
| Q4 24 | $24.5B | $6.1B | ||
| Q3 24 | $25.5B | $5.5B | ||
| Q2 24 | $24.3B | $5.2B | ||
| Q1 24 | $24.4B | $4.7B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $428.0M | $311.6M |
| Free Cash FlowOCF − Capex | $392.0M | $285.3M |
| FCF MarginFCF / Revenue | 8.3% | 33.7% |
| Capex IntensityCapex / Revenue | 0.8% | 3.1% |
| Cash ConversionOCF / Net Profit | 42.80× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $311.6M | ||
| Q3 25 | $209.0M | $224.7M | ||
| Q2 25 | $359.0M | $165.0M | ||
| Q1 25 | $188.0M | $291.4M | ||
| Q4 24 | $652.0M | $199.4M | ||
| Q3 24 | $290.0M | $273.3M | ||
| Q2 24 | $323.0M | $81.3M | ||
| Q1 24 | $337.0M | $185.5M |
| Q4 25 | $392.0M | $285.3M | ||
| Q3 25 | $196.0M | $158.3M | ||
| Q2 25 | $322.0M | $119.8M | ||
| Q1 25 | $169.0M | $232.3M | ||
| Q4 24 | $595.0M | $179.2M | ||
| Q3 24 | $253.0M | $224.6M | ||
| Q2 24 | $295.0M | $59.1M | ||
| Q1 24 | $315.0M | $178.2M |
| Q4 25 | 8.3% | 33.7% | ||
| Q3 25 | 5.2% | 21.4% | ||
| Q2 25 | 7.7% | 17.3% | ||
| Q1 25 | 4.6% | 37.7% | ||
| Q4 24 | 15.7% | 24.2% | ||
| Q3 24 | 7.8% | 35.8% | ||
| Q2 24 | 8.2% | 10.1% | ||
| Q1 24 | 9.3% | 36.3% |
| Q4 25 | 0.8% | 3.1% | ||
| Q3 25 | 0.3% | 9.0% | ||
| Q2 25 | 0.9% | 6.5% | ||
| Q1 25 | 0.5% | 9.6% | ||
| Q4 24 | 1.5% | 2.7% | ||
| Q3 24 | 1.1% | 7.8% | ||
| Q2 24 | 0.8% | 3.8% | ||
| Q1 24 | 0.6% | 1.5% |
| Q4 25 | 42.80× | 1.67× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | 9.70× | 1.83× | ||
| Q1 25 | 0.56× | 5.75× | ||
| Q4 24 | 4.18× | 1.09× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | 1.09× | 0.96× | ||
| Q1 24 | — | 5.86× |
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% |
TTD
Segment breakdown not available.
