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Flutter Entertainment plc（FLUT）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是Flutter Entertainment plc的1.0倍（$4.7B vs $4.7B），Flutter Entertainment plc净利率更高（0.2% vs -50.3%，领先50.5%），Flutter Entertainment plc同比增速更快（24.9% vs 3.6%），Flutter Entertainment plc自由现金流更多（$392.0M vs $255.0M），过去两年Flutter Entertainment plc的营收复合增速更高（18.1% vs 1.3%）
Flutter Entertainment plc是爱尔兰裔美国跨国体育博彩及娱乐博彩企业，于纽约证券交易所主上市，同时在伦敦证券交易所第二上市，旗下拥有Betfair、FanDuel、Paddy Power、PokerStars、Sky Betting & Gaming、Sportsbet等知名品牌，是全球规模最大的在线博彩运营商。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
FLUT vs IP — 直观对比
营收规模更大
IP
是对方的1.0倍
$4.7B
营收增速更快
FLUT
高出21.3%
3.6%
净利率更高
FLUT
高出50.5%
-50.3%
自由现金流更多
FLUT
多$137.0M
$255.0M
两年增速更快
FLUT
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.7B |
| 净利润 | $10.0M | $-2.4B |
| 毛利率 | 44.5% | 32.2% |
| 营业利润率 | 5.4% | -56.4% |
| 净利率 | 0.2% | -50.3% |
| 营收同比 | 24.9% | 3.6% |
| 净利润同比 | -93.6% | -1521.8% |
| 每股收益（稀释后） | $0.00 | $-4.76 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FLUTIP
| Q4 25 | $4.7B | $4.7B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $4.2B | $6.8B | ||
| Q1 25 | $3.7B | $5.9B | ||
| Q4 24 | $3.8B | $4.6B | ||
| Q3 24 | $3.2B | $4.7B | ||
| Q2 24 | $3.6B | $4.7B | ||
| Q1 24 | $3.4B | $4.6B |
净利润FLUTIP
| Q4 25 | $10.0M | $-2.4B | ||
| Q3 25 | $-789.0M | $-1.1B | ||
| Q2 25 | $37.0M | $75.0M | ||
| Q1 25 | $335.0M | $-105.0M | ||
| Q4 24 | $156.0M | $-147.0M | ||
| Q3 24 | $-114.0M | $150.0M | ||
| Q2 24 | $297.0M | $498.0M | ||
| Q1 24 | $-177.0M | $56.0M |
毛利率FLUTIP
| Q4 25 | 44.5% | 32.2% | ||
| Q3 25 | 42.9% | 31.1% | ||
| Q2 25 | 46.8% | 27.9% | ||
| Q1 25 | 46.6% | 27.8% | ||
| Q4 24 | 48.2% | 29.0% | ||
| Q3 24 | 46.1% | 28.7% | ||
| Q2 24 | 49.2% | 29.0% | ||
| Q1 24 | 47.2% | 25.9% |
营业利润率FLUTIP
| Q4 25 | 5.4% | -56.4% | ||
| Q3 25 | -22.0% | -10.8% | ||
| Q2 25 | 9.3% | 1.7% | ||
| Q1 25 | 6.1% | -2.3% | ||
| Q4 24 | 7.4% | -4.9% | ||
| Q3 24 | 3.0% | 5.1% | ||
| Q2 24 | 10.2% | 6.8% | ||
| Q1 24 | 3.7% | 3.7% |
净利率FLUTIP
| Q4 25 | 0.2% | -50.3% | ||
| Q3 25 | -20.8% | -17.7% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 9.1% | -1.8% | ||
| Q4 24 | 4.1% | -3.2% | ||
| Q3 24 | -3.5% | 3.2% | ||
| Q2 24 | 8.2% | 10.5% | ||
| Q1 24 | -5.2% | 1.2% |
每股收益（稀释后）FLUTIP
| Q4 25 | $0.00 | $-4.76 | ||
| Q3 25 | $-3.91 | $-2.09 | ||
| Q2 25 | $0.59 | $0.14 | ||
| Q1 25 | $1.57 | $-0.24 | ||
| Q4 24 | $0.47 | $-0.42 | ||
| Q3 24 | $-0.58 | $0.42 | ||
| Q2 24 | $1.45 | $1.41 | ||
| Q1 24 | $-1.10 | $0.16 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.8B | $1.1B |
| 总债务越低越好 | $12.3B | $8.8B |
| 股东权益账面价值 | $9.0B | $14.8B |
| 总资产 | $29.3B | $38.0B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资FLUTIP
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | $995.0M | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.4B | $1.1B |
总债务FLUTIP
| Q4 25 | $12.3B | $8.8B | ||
| Q3 25 | $12.1B | $9.0B | ||
| Q2 25 | $10.0B | $9.7B | ||
| Q1 25 | $6.8B | $9.2B | ||
| Q4 24 | $6.7B | $5.4B | ||
| Q3 24 | $6.9B | $5.3B | ||
| Q2 24 | $6.8B | $5.3B | ||
| Q1 24 | $6.8B | $5.5B |
股东权益FLUTIP
| Q4 25 | $9.0B | $14.8B | ||
| Q3 25 | $9.2B | $17.3B | ||
| Q2 25 | $10.2B | $18.6B | ||
| Q1 25 | $9.9B | $18.1B | ||
| Q4 24 | $9.3B | $8.2B | ||
| Q3 24 | $10.2B | $8.6B | ||
| Q2 24 | $9.9B | $8.6B | ||
| Q1 24 | $9.5B | $8.3B |
总资产FLUTIP
| Q4 25 | $29.3B | $38.0B | ||
| Q3 25 | $29.3B | $40.6B | ||
| Q2 25 | $29.9B | $42.4B | ||
| Q1 25 | $24.8B | $41.2B | ||
| Q4 24 | $24.5B | $22.8B | ||
| Q3 24 | $25.5B | $23.2B | ||
| Q2 24 | $24.3B | $23.1B | ||
| Q1 24 | $24.4B | $23.0B |
负债/权益比FLUTIP
| Q4 25 | 1.36× | 0.60× | ||
| Q3 25 | 1.31× | 0.52× | ||
| Q2 25 | 0.97× | 0.52× | ||
| Q1 25 | 0.69× | 0.51× | ||
| Q4 24 | 0.72× | 0.66× | ||
| Q3 24 | 0.67× | 0.62× | ||
| Q2 24 | 0.69× | 0.62× | ||
| Q1 24 | 0.72× | 0.66× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $428.0M | $905.0M |
| 自由现金流经营现金流 - 资本支出 | $392.0M | $255.0M |
| 自由现金流率自由现金流/营收 | 8.3% | 5.4% |
| 资本支出强度资本支出/营收 | 0.8% | 13.7% |
| 现金转化率经营现金流/净利润 | 42.80× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-159.0M |
8季度趋势，按日历期对齐
经营现金流FLUTIP
| Q4 25 | $428.0M | $905.0M | ||
| Q3 25 | $209.0M | $605.0M | ||
| Q2 25 | $359.0M | $476.0M | ||
| Q1 25 | $188.0M | $-288.0M | ||
| Q4 24 | $652.0M | $397.0M | ||
| Q3 24 | $290.0M | $521.0M | ||
| Q2 24 | $323.0M | $365.0M | ||
| Q1 24 | $337.0M | $395.0M |
自由现金流FLUTIP
| Q4 25 | $392.0M | $255.0M | ||
| Q3 25 | $196.0M | $150.0M | ||
| Q2 25 | $322.0M | $54.0M | ||
| Q1 25 | $169.0M | $-618.0M | ||
| Q4 24 | $595.0M | $137.0M | ||
| Q3 24 | $253.0M | $309.0M | ||
| Q2 24 | $295.0M | $167.0M | ||
| Q1 24 | $315.0M | $144.0M |
自由现金流率FLUTIP
| Q4 25 | 8.3% | 5.4% | ||
| Q3 25 | 5.2% | 2.4% | ||
| Q2 25 | 7.7% | 0.8% | ||
| Q1 25 | 4.6% | -10.5% | ||
| Q4 24 | 15.7% | 3.0% | ||
| Q3 24 | 7.8% | 6.6% | ||
| Q2 24 | 8.2% | 3.5% | ||
| Q1 24 | 9.3% | 3.1% |
资本支出强度FLUTIP
| Q4 25 | 0.8% | 13.7% | ||
| Q3 25 | 0.3% | 7.3% | ||
| Q2 25 | 0.9% | 6.2% | ||
| Q1 25 | 0.5% | 5.6% | ||
| Q4 24 | 1.5% | 5.7% | ||
| Q3 24 | 1.1% | 4.5% | ||
| Q2 24 | 0.8% | 4.2% | ||
| Q1 24 | 0.6% | 5.4% |
现金转化率FLUTIP
| Q4 25 | 42.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.70× | 6.35× | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 4.18× | — | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | 1.09× | 0.73× | ||
| Q1 24 | — | 7.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
IP
| Other | $2.4B | 52% |
| DS Smith Packaging | $2.3B | 48% |
