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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $4.7B, roughly 1.3× Flutter Entertainment plc). Union Pacific Corporation runs the higher net margin — 27.4% vs 0.2%, a 27.1% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 3.2%). Union Pacific Corporation produced more free cash flow last quarter ($631.0M vs $392.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 1.7%).
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 Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
FLUT vs UNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $6.2B |
| Net Profit | $10.0M | $1.7B |
| Gross Margin | 44.5% | — |
| Operating Margin | 5.4% | 39.5% |
| Net Margin | 0.2% | 27.4% |
| Revenue YoY | 24.9% | 3.2% |
| Net Profit YoY | -93.6% | 4.6% |
| EPS (diluted) | $0.00 | $2.87 |
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 | — | $6.2B | ||
| Q4 25 | $4.7B | $6.1B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $4.2B | $6.2B | ||
| Q1 25 | $3.7B | $6.0B | ||
| Q4 24 | $3.8B | $6.1B | ||
| Q3 24 | $3.2B | $6.1B | ||
| Q2 24 | $3.6B | $6.0B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $10.0M | $1.8B | ||
| Q3 25 | $-789.0M | $1.8B | ||
| Q2 25 | $37.0M | $1.9B | ||
| Q1 25 | $335.0M | $1.6B | ||
| Q4 24 | $156.0M | $1.8B | ||
| Q3 24 | $-114.0M | $1.7B | ||
| Q2 24 | $297.0M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 42.9% | — | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | 46.6% | — | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 46.1% | — | ||
| Q2 24 | 49.2% | — |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 5.4% | 39.5% | ||
| Q3 25 | -22.0% | 40.8% | ||
| Q2 25 | 9.3% | 41.0% | ||
| Q1 25 | 6.1% | 39.3% | ||
| Q4 24 | 7.4% | 41.3% | ||
| Q3 24 | 3.0% | 39.7% | ||
| Q2 24 | 10.2% | 40.0% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 0.2% | 30.4% | ||
| Q3 25 | -20.8% | 28.6% | ||
| Q2 25 | 0.9% | 30.5% | ||
| Q1 25 | 9.1% | 27.0% | ||
| Q4 24 | 4.1% | 28.8% | ||
| Q3 24 | -3.5% | 27.4% | ||
| Q2 24 | 8.2% | 27.9% |
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.00 | $3.12 | ||
| Q3 25 | $-3.91 | $3.01 | ||
| Q2 25 | $0.59 | $3.15 | ||
| Q1 25 | $1.57 | $2.70 | ||
| Q4 24 | $0.47 | $2.91 | ||
| Q3 24 | $-0.58 | $2.75 | ||
| Q2 24 | $1.45 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | $12.3B | — |
| Stockholders' EquityBook value | $9.0B | — |
| Total Assets | $29.3B | $69.6B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $735.0M | ||
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $808.0M | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $947.0M | ||
| Q2 24 | $1.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $30.3B | ||
| Q3 25 | $12.1B | $30.3B | ||
| Q2 25 | $10.0B | $30.3B | ||
| Q1 25 | $6.8B | $30.6B | ||
| Q4 24 | $6.7B | $29.8B | ||
| Q3 24 | $6.9B | $29.8B | ||
| Q2 24 | $6.8B | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $18.5B | ||
| Q3 25 | $9.2B | $17.3B | ||
| Q2 25 | $10.2B | $16.3B | ||
| Q1 25 | $9.9B | $16.0B | ||
| Q4 24 | $9.3B | $16.9B | ||
| Q3 24 | $10.2B | $16.6B | ||
| Q2 24 | $9.9B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $29.3B | $69.7B | ||
| Q3 25 | $29.3B | $68.6B | ||
| Q2 25 | $29.9B | $68.6B | ||
| Q1 25 | $24.8B | $68.5B | ||
| Q4 24 | $24.5B | $67.7B | ||
| Q3 24 | $25.5B | $67.6B | ||
| Q2 24 | $24.3B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.64× | ||
| Q3 25 | 1.31× | 1.75× | ||
| Q2 25 | 0.97× | 1.86× | ||
| Q1 25 | 0.69× | 1.91× | ||
| Q4 24 | 0.72× | 1.76× | ||
| Q3 24 | 0.67× | 1.79× | ||
| Q2 24 | 0.69× | 1.89× |
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 | $631.0M |
| FCF MarginFCF / Revenue | 8.3% | 10.1% |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 42.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $2.2B | ||
| Q3 25 | $209.0M | $2.5B | ||
| Q2 25 | $359.0M | $2.3B | ||
| Q1 25 | $188.0M | $2.2B | ||
| Q4 24 | $652.0M | $2.7B | ||
| Q3 24 | $290.0M | $2.7B | ||
| Q2 24 | $323.0M | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | $392.0M | $1.2B | ||
| Q3 25 | $196.0M | $1.6B | ||
| Q2 25 | $322.0M | $1.4B | ||
| Q1 25 | $169.0M | $1.3B | ||
| Q4 24 | $595.0M | $1.7B | ||
| Q3 24 | $253.0M | $1.8B | ||
| Q2 24 | $295.0M | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | 8.3% | 20.1% | ||
| Q3 25 | 5.2% | 25.2% | ||
| Q2 25 | 7.7% | 22.7% | ||
| Q1 25 | 4.6% | 21.6% | ||
| Q4 24 | 15.7% | 28.4% | ||
| Q3 24 | 7.8% | 29.9% | ||
| Q2 24 | 8.2% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 16.4% | ||
| Q3 25 | 0.3% | 15.2% | ||
| Q2 25 | 0.9% | 15.2% | ||
| Q1 25 | 0.5% | 15.0% | ||
| Q4 24 | 1.5% | 15.1% | ||
| Q3 24 | 1.1% | 13.6% | ||
| Q2 24 | 0.8% | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | 42.80× | 1.20× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | 9.70× | 1.24× | ||
| Q1 25 | 0.56× | 1.36× | ||
| Q4 24 | 4.18× | 1.51× | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | 1.09× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
