vs
Flutter Entertainment plc（FLUT）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是Flutter Entertainment plc的1.5倍（$7.3B vs $4.7B），纽蒙特净利率更高（26.0% vs 0.2%，领先25.8%），Flutter Entertainment plc同比增速更快（24.9% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $392.0M），过去两年纽蒙特的营收复合增速更高（28.8% vs 18.1%）
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。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
FLUT vs NEM — 直观对比
营收规模更大
NEM
是对方的1.5倍
$4.7B
营收增速更快
FLUT
高出56.4%
-31.4%
净利率更高
NEM
高出25.8%
0.2%
自由现金流更多
NEM
多$813.0M
$392.0M
两年增速更快
NEM
近两年复合增速
18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $7.3B |
| 净利润 | $10.0M | $1.9B |
| 毛利率 | 44.5% | — |
| 营业利润率 | 5.4% | — |
| 净利率 | 0.2% | 26.0% |
| 营收同比 | 24.9% | -31.4% |
| 净利润同比 | -93.6% | -8.3% |
| 每股收益（稀释后） | $0.00 | $1.68 |
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FLUTNEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $4.7B | $6.8B | ||
| Q3 25 | $3.8B | $5.5B | ||
| Q2 25 | $4.2B | $5.3B | ||
| Q1 25 | $3.7B | $5.0B | ||
| Q4 24 | $3.8B | $5.7B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.6B | $4.4B |
净利润FLUTNEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $10.0M | $1.3B | ||
| Q3 25 | $-789.0M | $1.8B | ||
| Q2 25 | $37.0M | $2.1B | ||
| Q1 25 | $335.0M | $1.9B | ||
| Q4 24 | $156.0M | $1.4B | ||
| Q3 24 | $-114.0M | $922.0M | ||
| Q2 24 | $297.0M | $853.0M |
毛利率FLUTNEM
| 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% | — |
营业利润率FLUTNEM
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 47.6% | ||
| Q3 25 | -22.0% | 45.4% | ||
| Q2 25 | 9.3% | 58.6% | ||
| Q1 25 | 6.1% | 49.3% | ||
| Q4 24 | 7.4% | 36.3% | ||
| Q3 24 | 3.0% | 23.0% | ||
| Q2 24 | 10.2% | 23.5% |
净利率FLUTNEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | 0.2% | 19.1% | ||
| Q3 25 | -20.8% | 33.2% | ||
| Q2 25 | 0.9% | 38.8% | ||
| Q1 25 | 9.1% | 37.7% | ||
| Q4 24 | 4.1% | 24.8% | ||
| Q3 24 | -3.5% | 20.0% | ||
| Q2 24 | 8.2% | 19.4% |
每股收益（稀释后）FLUTNEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $0.00 | $1.19 | ||
| Q3 25 | $-3.91 | $1.67 | ||
| Q2 25 | $0.59 | $1.85 | ||
| Q1 25 | $1.57 | $1.68 | ||
| Q4 24 | $0.47 | $1.23 | ||
| Q3 24 | $-0.58 | $0.80 | ||
| Q2 24 | $1.45 | $0.74 |
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 | $4.7B |
| 总债务越低越好 | $12.3B | — |
| 股东权益账面价值 | $9.0B | $31.4B |
| 总资产 | $29.3B | $55.5B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资FLUTNEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $1.8B | $8.2B | ||
| Q3 25 | $1.7B | $6.0B | ||
| Q2 25 | $1.7B | $6.7B | ||
| Q1 25 | $1.5B | $4.7B | ||
| Q4 24 | $1.5B | $3.6B | ||
| Q3 24 | $1.5B | $3.1B | ||
| Q2 24 | $1.5B | $2.7B |
总债务FLUTNEM
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $5.1B | ||
| Q3 25 | $12.1B | $5.2B | ||
| Q2 25 | $10.0B | $7.1B | ||
| Q1 25 | $6.8B | $7.5B | ||
| Q4 24 | $6.7B | $8.5B | ||
| Q3 24 | $6.9B | $8.6B | ||
| Q2 24 | $6.8B | $8.7B |
股东权益FLUTNEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $9.0B | $33.9B | ||
| Q3 25 | $9.2B | $33.2B | ||
| Q2 25 | $10.2B | $32.1B | ||
| Q1 25 | $9.9B | $31.2B | ||
| Q4 24 | $9.3B | $29.9B | ||
| Q3 24 | $10.2B | $29.7B | ||
| Q2 24 | $9.9B | $29.4B |
总资产FLUTNEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $29.3B | $57.1B | ||
| Q3 25 | $29.3B | $54.7B | ||
| Q2 25 | $29.9B | $55.2B | ||
| Q1 25 | $24.8B | $55.5B | ||
| Q4 24 | $24.5B | $56.3B | ||
| Q3 24 | $25.5B | $56.2B | ||
| Q2 24 | $24.3B | $55.7B |
负债/权益比FLUTNEM
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 0.15× | ||
| Q3 25 | 1.31× | 0.16× | ||
| Q2 25 | 0.97× | 0.22× | ||
| Q1 25 | 0.69× | 0.24× | ||
| Q4 24 | 0.72× | 0.28× | ||
| Q3 24 | 0.67× | 0.29× | ||
| Q2 24 | 0.69× | 0.30× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $392.0M | $1.2B |
| 自由现金流率自由现金流/营收 | 8.3% | 16.5% |
| 资本支出强度资本支出/营收 | 0.8% | 11.3% |
| 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 | $7.3B |
8季度趋势，按日历期对齐
经营现金流FLUTNEM
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $3.6B | ||
| Q3 25 | $209.0M | $2.3B | ||
| Q2 25 | $359.0M | $2.4B | ||
| Q1 25 | $188.0M | $2.0B | ||
| Q4 24 | $652.0M | $2.5B | ||
| Q3 24 | $290.0M | $1.6B | ||
| Q2 24 | $323.0M | $1.4B |
自由现金流FLUTNEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $392.0M | $2.8B | ||
| Q3 25 | $196.0M | $1.6B | ||
| Q2 25 | $322.0M | $1.7B | ||
| Q1 25 | $169.0M | $1.2B | ||
| Q4 24 | $595.0M | $1.6B | ||
| Q3 24 | $253.0M | $771.0M | ||
| Q2 24 | $295.0M | $628.0M |
自由现金流率FLUTNEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | 8.3% | 41.3% | ||
| Q3 25 | 5.2% | 28.4% | ||
| Q2 25 | 7.7% | 32.2% | ||
| Q1 25 | 4.6% | 24.1% | ||
| Q4 24 | 15.7% | 28.9% | ||
| Q3 24 | 7.8% | 16.7% | ||
| Q2 24 | 8.2% | 14.3% |
资本支出强度FLUTNEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 0.8% | 11.9% | ||
| Q3 25 | 0.3% | 13.2% | ||
| Q2 25 | 0.9% | 12.7% | ||
| Q1 25 | 0.5% | 16.5% | ||
| Q4 24 | 1.5% | 15.5% | ||
| Q3 24 | 1.1% | 19.0% | ||
| Q2 24 | 0.8% | 18.2% |
现金转化率FLUTNEM
| Q1 26 | — | — | ||
| Q4 25 | 42.80× | 2.78× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | 9.70× | 1.16× | ||
| Q1 25 | 0.56× | 1.07× | ||
| Q4 24 | 4.18× | 1.79× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | 1.09× | 1.67× |
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% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
