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Flutter Entertainment plc（FLUT）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Flutter Entertainment plc的季度营收约是Snap Inc的2.8倍（$4.7B vs $1.7B）。Snap Inc净利率更高（2.6% vs 0.2%，领先2.4%）。Flutter Entertainment plc同比增速更快（24.9% vs 10.2%）。Flutter Entertainment plc自由现金流更多（$392.0M vs $205.6M）。过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
FLUT vs SNAP — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $1.7B |
| 净利润 | $10.0M | $45.2M |
| 毛利率 | 44.5% | 59.1% |
| 营业利润率 | 5.4% | 2.9% |
| 净利率 | 0.2% | 2.6% |
| 营收同比 | 24.9% | 10.2% |
| 净利润同比 | -93.6% | 396.7% |
| 每股收益（稀释后） | $0.00 | $0.03 |
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
| Q4 25 | $4.7B | $1.7B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $4.2B | $1.3B | ||
| Q1 25 | $3.7B | $1.4B | ||
| Q4 24 | $3.8B | $1.6B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $3.6B | $1.2B | ||
| Q1 24 | $3.4B | $1.2B |
| Q4 25 | $10.0M | $45.2M | ||
| Q3 25 | $-789.0M | $-103.5M | ||
| Q2 25 | $37.0M | $-262.6M | ||
| Q1 25 | $335.0M | $-139.6M | ||
| Q4 24 | $156.0M | $9.1M | ||
| Q3 24 | $-114.0M | $-153.2M | ||
| Q2 24 | $297.0M | $-248.6M | ||
| Q1 24 | $-177.0M | $-305.1M |
| Q4 25 | 44.5% | 59.1% | ||
| Q3 25 | 42.9% | 55.3% | ||
| Q2 25 | 46.8% | 51.4% | ||
| Q1 25 | 46.6% | 53.1% | ||
| Q4 24 | 48.2% | 56.9% | ||
| Q3 24 | 46.1% | 53.5% | ||
| Q2 24 | 49.2% | 52.4% | ||
| Q1 24 | 47.2% | 51.9% |
| Q4 25 | 5.4% | 2.9% | ||
| Q3 25 | -22.0% | -8.5% | ||
| Q2 25 | 9.3% | -19.3% | ||
| Q1 25 | 6.1% | -14.2% | ||
| Q4 24 | 7.4% | -1.7% | ||
| Q3 24 | 3.0% | -12.6% | ||
| Q2 24 | 10.2% | -20.5% | ||
| Q1 24 | 3.7% | -27.9% |
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | -20.8% | -6.9% | ||
| Q2 25 | 0.9% | -19.5% | ||
| Q1 25 | 9.1% | -10.2% | ||
| Q4 24 | 4.1% | 0.6% | ||
| Q3 24 | -3.5% | -11.2% | ||
| Q2 24 | 8.2% | -20.1% | ||
| Q1 24 | -5.2% | -25.5% |
| Q4 25 | $0.00 | $0.03 | ||
| Q3 25 | $-3.91 | $-0.06 | ||
| Q2 25 | $0.59 | $-0.16 | ||
| Q1 25 | $1.57 | $-0.08 | ||
| Q4 24 | $0.47 | $0.01 | ||
| Q3 24 | $-0.58 | $-0.09 | ||
| Q2 24 | $1.45 | $-0.15 | ||
| Q1 24 | $-1.10 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | $12.3B | $3.5B |
| 股东权益账面价值 | $9.0B | $2.3B |
| 总资产 | $29.3B | $7.7B |
| 负债/权益比越低杠杆越低 | 1.36× | 1.55× |
8季度趋势，按日历期对齐
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.7B | $2.9B | ||
| Q1 25 | $1.5B | $3.2B | ||
| Q4 24 | $1.5B | $3.4B | ||
| Q3 24 | $1.5B | $3.2B | ||
| Q2 24 | $1.5B | $3.1B | ||
| Q1 24 | $1.4B | $2.9B |
| Q4 25 | $12.3B | $3.5B | ||
| Q3 25 | $12.1B | $3.5B | ||
| Q2 25 | $10.0B | $3.6B | ||
| Q1 25 | $6.8B | $3.6B | ||
| Q4 24 | $6.7B | $3.6B | ||
| Q3 24 | $6.9B | $3.6B | ||
| Q2 24 | $6.8B | $3.6B | ||
| Q1 24 | $6.8B | $3.3B |
| Q4 25 | $9.0B | $2.3B | ||
| Q3 25 | $9.2B | $2.2B | ||
| Q2 25 | $10.2B | $2.1B | ||
| Q1 25 | $9.9B | $2.3B | ||
| Q4 24 | $9.3B | $2.5B | ||
| Q3 24 | $10.2B | $2.2B | ||
| Q2 24 | $9.9B | $2.1B | ||
| Q1 24 | $9.5B | $2.1B |
| Q4 25 | $29.3B | $7.7B | ||
| Q3 25 | $29.3B | $7.6B | ||
| Q2 25 | $29.9B | $7.4B | ||
| Q1 25 | $24.8B | $7.6B | ||
| Q4 24 | $24.5B | $7.9B | ||
| Q3 24 | $25.5B | $7.6B | ||
| Q2 24 | $24.3B | $7.4B | ||
| Q1 24 | $24.4B | $7.2B |
| Q4 25 | 1.36× | 1.55× | ||
| Q3 25 | 1.31× | 1.59× | ||
| Q2 25 | 0.97× | 1.73× | ||
| Q1 25 | 0.69× | 1.56× | ||
| Q4 24 | 0.72× | 1.49× | ||
| Q3 24 | 0.67× | 1.65× | ||
| Q2 24 | 0.69× | 1.76× | ||
| Q1 24 | 0.72× | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $392.0M | $205.6M |
| 自由现金流率自由现金流/营收 | 8.3% | 12.0% |
| 资本支出强度资本支出/营收 | 0.8% | 3.7% |
| 现金转化率经营现金流/净利润 | 42.80× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $437.2M |
8季度趋势，按日历期对齐
| Q4 25 | $428.0M | $269.6M | ||
| Q3 25 | $209.0M | $146.5M | ||
| Q2 25 | $359.0M | $88.5M | ||
| Q1 25 | $188.0M | $151.6M | ||
| Q4 24 | $652.0M | $230.6M | ||
| Q3 24 | $290.0M | $115.9M | ||
| Q2 24 | $323.0M | $-21.4M | ||
| Q1 24 | $337.0M | $88.4M |
| Q4 25 | $392.0M | $205.6M | ||
| Q3 25 | $196.0M | $93.4M | ||
| Q2 25 | $322.0M | $23.8M | ||
| Q1 25 | $169.0M | $114.4M | ||
| Q4 24 | $595.0M | $182.4M | ||
| Q3 24 | $253.0M | $71.8M | ||
| Q2 24 | $295.0M | $-73.4M | ||
| Q1 24 | $315.0M | $37.9M |
| Q4 25 | 8.3% | 12.0% | ||
| Q3 25 | 5.2% | 6.2% | ||
| Q2 25 | 7.7% | 1.8% | ||
| Q1 25 | 4.6% | 8.4% | ||
| Q4 24 | 15.7% | 11.7% | ||
| Q3 24 | 7.8% | 5.2% | ||
| Q2 24 | 8.2% | -5.9% | ||
| Q1 24 | 9.3% | 3.2% |
| Q4 25 | 0.8% | 3.7% | ||
| Q3 25 | 0.3% | 3.5% | ||
| Q2 25 | 0.9% | 4.8% | ||
| Q1 25 | 0.5% | 2.7% | ||
| Q4 24 | 1.5% | 3.1% | ||
| Q3 24 | 1.1% | 3.2% | ||
| Q2 24 | 0.8% | 4.2% | ||
| Q1 24 | 0.6% | 4.2% |
| Q4 25 | 42.80× | 5.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.70× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 4.18× | 25.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.09× | — | ||
| Q1 24 | — | — |
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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
