vs
Flutter Entertainment plc（FLUT）与Welltower（WELL）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Welltower的1.4倍（$4.7B vs $3.4B），Welltower净利率更高（22.4% vs 0.2%，领先22.2%），Welltower同比增速更快（38.3% vs 24.9%），过去两年Welltower的营收复合增速更高（55.1% 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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
FLUT vs WELL — 直观对比
营收规模更大
FLUT
是对方的1.4倍
$3.4B
营收增速更快
WELL
高出13.4%
24.9%
净利率更高
WELL
高出22.2%
0.2%
两年增速更快
WELL
近两年复合增速
18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.4B |
| 净利润 | $10.0M | $752.3M |
| 毛利率 | 44.5% | — |
| 营业利润率 | 5.4% | — |
| 净利率 | 0.2% | 22.4% |
| 营收同比 | 24.9% | 38.3% |
| 净利润同比 | -93.6% | 192.4% |
| 每股收益（稀释后） | $0.00 | — |
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FLUTWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.7B | $2.6B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $3.7B | $1.9B | ||
| Q4 24 | $3.8B | $1.8B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.6B | $1.4B |
净利润FLUTWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $10.0M | $117.8M | ||
| Q3 25 | $-789.0M | $282.2M | ||
| Q2 25 | $37.0M | $304.6M | ||
| Q1 25 | $335.0M | $257.3M | ||
| Q4 24 | $156.0M | $123.8M | ||
| Q3 24 | $-114.0M | $456.8M | ||
| Q2 24 | $297.0M | $260.7M |
毛利率FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | 44.5% | 24.3% | ||
| Q3 25 | 42.9% | 23.5% | ||
| Q2 25 | 46.8% | 23.2% | ||
| Q1 25 | 46.6% | 21.6% | ||
| Q4 24 | 48.2% | 20.0% | ||
| Q3 24 | 46.1% | 19.8% | ||
| Q2 24 | 49.2% | 20.2% |
营业利润率FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | -22.0% | 14.2% | ||
| Q2 25 | 9.3% | 15.1% | ||
| Q1 25 | 6.1% | 10.7% | ||
| Q4 24 | 7.4% | 6.2% | ||
| Q3 24 | 3.0% | 12.2% | ||
| Q2 24 | 10.2% | 6.5% |
净利率FLUTWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 0.2% | 4.6% | ||
| Q3 25 | -20.8% | 13.7% | ||
| Q2 25 | 0.9% | 15.5% | ||
| Q1 25 | 9.1% | 13.8% | ||
| Q4 24 | 4.1% | 7.0% | ||
| Q3 24 | -3.5% | 30.2% | ||
| Q2 24 | 8.2% | 18.7% |
每股收益（稀释后）FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | $0.00 | $0.13 | ||
| Q3 25 | $-3.91 | $0.41 | ||
| Q2 25 | $0.59 | $0.45 | ||
| Q1 25 | $1.57 | $0.40 | ||
| Q4 24 | $0.47 | $0.20 | ||
| Q3 24 | $-0.58 | $0.73 | ||
| Q2 24 | $1.45 | $0.42 |
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 | $44.7B |
| 总资产 | $29.3B | $67.2B |
| 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FLUTWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $1.8B | $5.0B | ||
| Q3 25 | $1.7B | $6.8B | ||
| Q2 25 | $1.7B | $4.4B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.5B | $3.5B | ||
| Q3 24 | $1.5B | $3.6B | ||
| Q2 24 | $1.5B | $2.8B |
总债务FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $19.2B | ||
| Q3 25 | $12.1B | $16.9B | ||
| Q2 25 | $10.0B | $16.0B | ||
| Q1 25 | $6.8B | $15.7B | ||
| Q4 24 | $6.7B | $15.5B | ||
| Q3 24 | $6.9B | $15.8B | ||
| Q2 24 | $6.8B | $13.9B |
股东权益FLUTWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $9.0B | $42.1B | ||
| Q3 25 | $9.2B | $38.8B | ||
| Q2 25 | $10.2B | $35.9B | ||
| Q1 25 | $9.9B | $34.0B | ||
| Q4 24 | $9.3B | $32.0B | ||
| Q3 24 | $10.2B | $30.3B | ||
| Q2 24 | $9.9B | $29.0B |
总资产FLUTWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $29.3B | $67.3B | ||
| Q3 25 | $29.3B | $59.5B | ||
| Q2 25 | $29.9B | $55.8B | ||
| Q1 25 | $24.8B | $53.3B | ||
| Q4 24 | $24.5B | $51.0B | ||
| Q3 24 | $25.5B | $49.0B | ||
| Q2 24 | $24.3B | $45.5B |
负债/权益比FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 0.46× | ||
| Q3 25 | 1.31× | 0.43× | ||
| Q2 25 | 0.97× | 0.44× | ||
| Q1 25 | 0.69× | 0.46× | ||
| Q4 24 | 0.72× | 0.49× | ||
| Q3 24 | 0.67× | 0.52× | ||
| Q2 24 | 0.69× | 0.48× |
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 | — |
| 自由现金流率自由现金流/营收 | 8.3% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $654.3M | ||
| Q3 25 | $209.0M | $858.4M | ||
| Q2 25 | $359.0M | $770.0M | ||
| Q1 25 | $188.0M | $599.0M | ||
| Q4 24 | $652.0M | $559.2M | ||
| Q3 24 | $290.0M | $685.0M | ||
| Q2 24 | $323.0M | $605.4M |
自由现金流FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | $392.0M | $340.4M | ||
| Q3 25 | $196.0M | $595.3M | ||
| Q2 25 | $322.0M | $537.2M | ||
| Q1 25 | $169.0M | $358.6M | ||
| Q4 24 | $595.0M | $240.4M | ||
| Q3 24 | $253.0M | $443.8M | ||
| Q2 24 | $295.0M | $440.3M |
自由现金流率FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | 8.3% | 13.3% | ||
| Q3 25 | 5.2% | 28.9% | ||
| Q2 25 | 7.7% | 27.3% | ||
| Q1 25 | 4.6% | 19.2% | ||
| Q4 24 | 15.7% | 13.6% | ||
| Q3 24 | 7.8% | 29.4% | ||
| Q2 24 | 8.2% | 31.6% |
资本支出强度FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 12.3% | ||
| Q3 25 | 0.3% | 12.8% | ||
| Q2 25 | 0.9% | 11.8% | ||
| Q1 25 | 0.5% | 12.9% | ||
| Q4 24 | 1.5% | 18.1% | ||
| Q3 24 | 1.1% | 16.0% | ||
| Q2 24 | 0.8% | 11.8% |
现金转化率FLUTWELL
| Q1 26 | — | — | ||
| Q4 25 | 42.80× | 5.56× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | 9.70× | 2.53× | ||
| Q1 25 | 0.56× | 2.33× | ||
| Q4 24 | 4.18× | 4.52× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | 1.09× | 2.32× |
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% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
