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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.1B vs $4.7B, roughly 1.3× Flutter Entertainment plc). Block, Inc. runs the higher net margin — 3.1% vs 0.2%, a 2.9% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs -4.7%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $101.0K). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs -0.8%).
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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
FLUT vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $6.1B |
| Net Profit | $10.0M | $190.0M |
| Gross Margin | 44.5% | 48.0% |
| Operating Margin | 5.4% | 5.4% |
| Net Margin | 0.2% | 3.1% |
| Revenue YoY | 24.9% | -4.7% |
| Net Profit YoY | -93.6% | 63.8% |
| EPS (diluted) | $0.00 | $0.30 |
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 | — | $6.1B | ||
| Q4 25 | $4.7B | $6.3B | ||
| Q3 25 | $3.8B | $6.1B | ||
| Q2 25 | $4.2B | $6.1B | ||
| Q1 25 | $3.7B | $5.8B | ||
| Q4 24 | $3.8B | $6.0B | ||
| Q3 24 | $3.2B | $6.0B | ||
| Q2 24 | $3.6B | $6.2B |
| Q1 26 | — | $190.0M | ||
| Q4 25 | $10.0M | $115.8M | ||
| Q3 25 | $-789.0M | $461.5M | ||
| Q2 25 | $37.0M | $538.5M | ||
| Q1 25 | $335.0M | $189.9M | ||
| Q4 24 | $156.0M | $1.9B | ||
| Q3 24 | $-114.0M | $283.8M | ||
| Q2 24 | $297.0M | $195.3M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 44.5% | 45.9% | ||
| Q3 25 | 42.9% | 43.5% | ||
| Q2 25 | 46.8% | 41.9% | ||
| Q1 25 | 46.6% | 39.7% | ||
| Q4 24 | 48.2% | 38.3% | ||
| Q3 24 | 46.1% | 37.6% | ||
| Q2 24 | 49.2% | 36.3% |
| Q1 26 | — | 5.4% | ||
| Q4 25 | 5.4% | 7.8% | ||
| Q3 25 | -22.0% | 6.7% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | 6.1% | 5.7% | ||
| Q4 24 | 7.4% | 0.2% | ||
| Q3 24 | 3.0% | 5.4% | ||
| Q2 24 | 10.2% | 5.0% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | 0.2% | 1.9% | ||
| Q3 25 | -20.8% | 7.5% | ||
| Q2 25 | 0.9% | 8.9% | ||
| Q1 25 | 9.1% | 3.3% | ||
| Q4 24 | 4.1% | 32.3% | ||
| Q3 24 | -3.5% | 4.7% | ||
| Q2 24 | 8.2% | 3.2% |
| Q1 26 | — | $0.30 | ||
| Q4 25 | $0.00 | $0.19 | ||
| Q3 25 | $-3.91 | $0.74 | ||
| Q2 25 | $0.59 | $0.87 | ||
| Q1 25 | $1.57 | $0.30 | ||
| Q4 24 | $0.47 | $3.06 | ||
| Q3 24 | $-0.58 | $0.45 | ||
| Q2 24 | $1.45 | $0.31 |
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 | $6.9B |
| Total DebtLower is stronger | $12.3B | $7.3B |
| Stockholders' EquityBook value | $9.0B | $21.7B |
| Total Assets | $29.3B | $40.0B |
| Debt / EquityLower = less leverage | 1.36× | 0.34× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.9B | ||
| Q4 25 | $1.8B | $6.6B | ||
| Q3 25 | $1.7B | $8.3B | ||
| Q2 25 | $1.7B | $6.4B | ||
| Q1 25 | $1.5B | $7.1B | ||
| Q4 24 | $1.5B | $8.1B | ||
| Q3 24 | $1.5B | $8.3B | ||
| Q2 24 | $1.5B | $7.8B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $12.3B | — | ||
| Q3 25 | $12.1B | $7.3B | ||
| Q2 25 | $10.0B | $5.1B | ||
| Q1 25 | $6.8B | $5.1B | ||
| Q4 24 | $6.7B | $6.1B | ||
| Q3 24 | $6.9B | $6.1B | ||
| Q2 24 | $6.8B | $6.1B |
| Q1 26 | — | $21.7B | ||
| Q4 25 | $9.0B | $22.2B | ||
| Q3 25 | $9.2B | $22.5B | ||
| Q2 25 | $10.2B | $22.2B | ||
| Q1 25 | $9.9B | $21.5B | ||
| Q4 24 | $9.3B | $21.3B | ||
| Q3 24 | $10.2B | $19.9B | ||
| Q2 24 | $9.9B | $19.3B |
| Q1 26 | — | $40.0B | ||
| Q4 25 | $29.3B | $39.5B | ||
| Q3 25 | $29.3B | $39.2B | ||
| Q2 25 | $29.9B | $36.9B | ||
| Q1 25 | $24.8B | $36.4B | ||
| Q4 24 | $24.5B | $36.8B | ||
| Q3 24 | $25.5B | $36.4B | ||
| Q2 24 | $24.3B | $37.5B |
| Q1 26 | — | 0.34× | ||
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.31× | 0.32× | ||
| Q2 25 | 0.97× | 0.23× | ||
| Q1 25 | 0.69× | 0.24× | ||
| Q4 24 | 0.72× | 0.29× | ||
| Q3 24 | 0.67× | 0.31× | ||
| Q2 24 | 0.69× | 0.32× |
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 | $133.0K |
| Free Cash FlowOCF − Capex | $392.0M | $101.0K |
| FCF MarginFCF / Revenue | 8.3% | 0.0% |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 42.80× | 0.00× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $133.0K | ||
| Q4 25 | $428.0M | $621.0M | ||
| Q3 25 | $209.0M | $1.5B | ||
| Q2 25 | $359.0M | $374.3M | ||
| Q1 25 | $188.0M | $133.3M | ||
| Q4 24 | $652.0M | $13.8M | ||
| Q3 24 | $290.0M | $684.8M | ||
| Q2 24 | $323.0M | $519.4M |
| Q1 26 | — | $101.0K | ||
| Q4 25 | $392.0M | $579.8M | ||
| Q3 25 | $196.0M | $1.4B | ||
| Q2 25 | $322.0M | $343.0M | ||
| Q1 25 | $169.0M | $101.5M | ||
| Q4 24 | $595.0M | $-13.2M | ||
| Q3 24 | $253.0M | $628.2M | ||
| Q2 24 | $295.0M | $481.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 8.3% | 9.3% | ||
| Q3 25 | 5.2% | 22.9% | ||
| Q2 25 | 7.7% | 5.7% | ||
| Q1 25 | 4.6% | 1.8% | ||
| Q4 24 | 15.7% | -0.2% | ||
| Q3 24 | 7.8% | 10.5% | ||
| Q2 24 | 8.2% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.7% | ||
| Q3 25 | 0.3% | 0.8% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | 1.5% | 0.4% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 0.8% | 0.6% |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 42.80× | 5.36× | ||
| Q3 25 | — | 3.14× | ||
| Q2 25 | 9.70× | 0.70× | ||
| Q1 25 | 0.56× | 0.70× | ||
| Q4 24 | 4.18× | 0.01× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | 1.09× | 2.66× |
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% |
XYZ
| Commerce enablement revenue | $2.9B | 49% |
| Bitcoin ecosystem revenue | $1.8B | 30% |
| Financial solutions revenue | $1.3B | 22% |
