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Flutter Entertainment plc（FLUT）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
Flutter Entertainment plc的季度营收约是泰佩思琦的1.9倍（$4.7B vs $2.5B），泰佩思琦净利率更高（22.4% vs 0.2%，领先22.2%），Flutter Entertainment plc同比增速更快（24.9% vs 14.0%），泰佩思琦自由现金流更多（$1.0B vs $392.0M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
FLUT vs TPR — 直观对比
营收规模更大
FLUT
是对方的1.9倍
$2.5B
营收增速更快
FLUT
高出10.9%
14.0%
净利率更高
TPR
高出22.2%
0.2%
自由现金流更多
TPR
多$645.5M
$392.0M
两年增速更快
TPR
近两年复合增速
18.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $2.5B |
| 净利润 | $10.0M | $561.3M |
| 毛利率 | 44.5% | 75.5% |
| 营业利润率 | 5.4% | 28.6% |
| 净利率 | 0.2% | 22.4% |
| 营收同比 | 24.9% | 14.0% |
| 净利润同比 | -93.6% | 80.8% |
| 每股收益（稀释后） | $0.00 | $2.68 |
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FLUTTPR
| Q4 25 | $4.7B | $2.5B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $4.2B | $1.7B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.6B | $1.6B | ||
| Q1 24 | $3.4B | $1.5B |
净利润FLUTTPR
| Q4 25 | $10.0M | $561.3M | ||
| Q3 25 | $-789.0M | $274.8M | ||
| Q2 25 | $37.0M | $-517.1M | ||
| Q1 25 | $335.0M | $203.3M | ||
| Q4 24 | $156.0M | $310.4M | ||
| Q3 24 | $-114.0M | $186.6M | ||
| Q2 24 | $297.0M | $159.3M | ||
| Q1 24 | $-177.0M | $139.4M |
毛利率FLUTTPR
| Q4 25 | 44.5% | 75.5% | ||
| Q3 25 | 42.9% | 76.3% | ||
| Q2 25 | 46.8% | 76.3% | ||
| Q1 25 | 46.6% | 76.1% | ||
| Q4 24 | 48.2% | 74.4% | ||
| Q3 24 | 46.1% | 75.3% | ||
| Q2 24 | 49.2% | 74.9% | ||
| Q1 24 | 47.2% | 74.7% |
营业利润率FLUTTPR
| Q4 25 | 5.4% | 28.6% | ||
| Q3 25 | -22.0% | 19.3% | ||
| Q2 25 | 9.3% | -33.9% | ||
| Q1 25 | 6.1% | 16.0% | ||
| Q4 24 | 7.4% | 22.4% | ||
| Q3 24 | 3.0% | 16.7% | ||
| Q2 24 | 10.2% | 14.8% | ||
| Q1 24 | 3.7% | 13.8% |
净利率FLUTTPR
| Q4 25 | 0.2% | 22.4% | ||
| Q3 25 | -20.8% | 16.1% | ||
| Q2 25 | 0.9% | -30.0% | ||
| Q1 25 | 9.1% | 12.8% | ||
| Q4 24 | 4.1% | 14.1% | ||
| Q3 24 | -3.5% | 12.4% | ||
| Q2 24 | 8.2% | 10.0% | ||
| Q1 24 | -5.2% | 9.4% |
每股收益（稀释后）FLUTTPR
| Q4 25 | $0.00 | $2.68 | ||
| Q3 25 | $-3.91 | $1.28 | ||
| Q2 25 | $0.59 | $-2.30 | ||
| Q1 25 | $1.57 | $0.95 | ||
| Q4 24 | $0.47 | $1.38 | ||
| Q3 24 | $-0.58 | $0.79 | ||
| Q2 24 | $1.45 | $0.67 | ||
| Q1 24 | $-1.10 | $0.60 |
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 | $2.4B |
| 股东权益账面价值 | $9.0B | $551.2M |
| 总资产 | $29.3B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.36× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资FLUTTPR
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | $743.2M | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $7.3B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.4B | $7.4B |
总债务FLUTTPR
| Q4 25 | $12.3B | $2.4B | ||
| Q3 25 | $12.1B | $2.4B | ||
| Q2 25 | $10.0B | $2.4B | ||
| Q1 25 | $6.8B | $2.4B | ||
| Q4 24 | $6.7B | $2.4B | ||
| Q3 24 | $6.9B | $7.0B | ||
| Q2 24 | $6.8B | $6.9B | ||
| Q1 24 | $6.8B | $7.7B |
股东权益FLUTTPR
| Q4 25 | $9.0B | $551.2M | ||
| Q3 25 | $9.2B | $399.5M | ||
| Q2 25 | $10.2B | $857.8M | ||
| Q1 25 | $9.9B | $1.5B | ||
| Q4 24 | $9.3B | $1.3B | ||
| Q3 24 | $10.2B | $3.0B | ||
| Q2 24 | $9.9B | $2.9B | ||
| Q1 24 | $9.5B | $2.8B |
总资产FLUTTPR
| Q4 25 | $29.3B | $6.5B | ||
| Q3 25 | $29.3B | $6.4B | ||
| Q2 25 | $29.9B | $6.6B | ||
| Q1 25 | $24.8B | $7.3B | ||
| Q4 24 | $24.5B | $7.3B | ||
| Q3 24 | $25.5B | $13.7B | ||
| Q2 24 | $24.3B | $13.4B | ||
| Q1 24 | $24.4B | $13.7B |
负债/权益比FLUTTPR
| Q4 25 | 1.36× | 4.32× | ||
| Q3 25 | 1.31× | 5.95× | ||
| Q2 25 | 0.97× | 2.77× | ||
| Q1 25 | 0.69× | 1.59× | ||
| Q4 24 | 0.72× | 1.78× | ||
| Q3 24 | 0.67× | 2.35× | ||
| Q2 24 | 0.69× | 2.39× | ||
| Q1 24 | 0.72× | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $392.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 8.3% | 41.5% |
| 资本支出强度资本支出/营收 | 0.8% | 1.7% |
| 现金转化率经营现金流/净利润 | 42.80× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.6B |
8季度趋势，按日历期对齐
经营现金流FLUTTPR
| Q4 25 | $428.0M | $1.1B | ||
| Q3 25 | $209.0M | $112.6M | ||
| Q2 25 | $359.0M | $446.8M | ||
| Q1 25 | $188.0M | $144.3M | ||
| Q4 24 | $652.0M | $506.0M | ||
| Q3 24 | $290.0M | $119.5M | ||
| Q2 24 | $323.0M | $256.0M | ||
| Q1 24 | $337.0M | $97.8M |
自由现金流FLUTTPR
| Q4 25 | $392.0M | $1.0B | ||
| Q3 25 | $196.0M | $80.2M | ||
| Q2 25 | $322.0M | $411.5M | ||
| Q1 25 | $169.0M | $113.4M | ||
| Q4 24 | $595.0M | $475.1M | ||
| Q3 24 | $253.0M | $93.9M | ||
| Q2 24 | $295.0M | $209.8M | ||
| Q1 24 | $315.0M | $78.8M |
自由现金流率FLUTTPR
| Q4 25 | 8.3% | 41.5% | ||
| Q3 25 | 5.2% | 4.7% | ||
| Q2 25 | 7.7% | 23.9% | ||
| Q1 25 | 4.6% | 7.2% | ||
| Q4 24 | 15.7% | 21.6% | ||
| Q3 24 | 7.8% | 6.2% | ||
| Q2 24 | 8.2% | 13.2% | ||
| Q1 24 | 9.3% | 5.3% |
资本支出强度FLUTTPR
| Q4 25 | 0.8% | 1.7% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 1.5% | 1.4% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 0.8% | 2.9% | ||
| Q1 24 | 0.6% | 1.3% |
现金转化率FLUTTPR
| Q4 25 | 42.80× | 1.93× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | 9.70× | — | ||
| Q1 25 | 0.56× | 0.71× | ||
| Q4 24 | 4.18× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 1.09× | 1.61× | ||
| Q1 24 | — | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
