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Flutter Entertainment plc（FLUT）与Williams Companies（WMB）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Williams Companies的1.2倍（$4.7B vs $3.8B），Williams Companies净利率更高（19.1% vs 0.2%，领先18.9%），Flutter Entertainment plc同比增速更快（24.9% vs 12.7%），Flutter Entertainment plc自由现金流更多（$392.0M vs $-379.0M），过去两年Flutter Entertainment plc的营收复合增速更高（18.1% vs 7.3%）
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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
FLUT vs WMB — 直观对比
营收规模更大
FLUT
是对方的1.2倍
$3.8B
营收增速更快
FLUT
高出12.3%
12.7%
净利率更高
WMB
高出18.9%
0.2%
自由现金流更多
FLUT
多$771.0M
$-379.0M
两年增速更快
FLUT
近两年复合增速
7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.8B |
| 净利润 | $10.0M | $734.0M |
| 毛利率 | 44.5% | — |
| 营业利润率 | 5.4% | 27.3% |
| 净利率 | 0.2% | 19.1% |
| 营收同比 | 24.9% | 12.7% |
| 净利润同比 | -93.6% | 51.0% |
| 每股收益（稀释后） | $0.00 | $0.60 |
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FLUTWMB
| Q4 25 | $4.7B | $3.8B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $4.2B | $3.4B | ||
| Q1 25 | $3.7B | $4.2B | ||
| Q4 24 | $3.8B | $3.4B | ||
| Q3 24 | $3.2B | $3.0B | ||
| Q2 24 | $3.6B | $2.8B | ||
| Q1 24 | $3.4B | $3.3B |
净利润FLUTWMB
| Q4 25 | $10.0M | $734.0M | ||
| Q3 25 | $-789.0M | $647.0M | ||
| Q2 25 | $37.0M | $546.0M | ||
| Q1 25 | $335.0M | $691.0M | ||
| Q4 24 | $156.0M | $486.0M | ||
| Q3 24 | $-114.0M | $706.0M | ||
| Q2 24 | $297.0M | $401.0M | ||
| Q1 24 | $-177.0M | $632.0M |
毛利率FLUTWMB
| 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% | — | ||
| Q1 24 | 47.2% | — |
营业利润率FLUTWMB
| Q4 25 | 5.4% | 27.3% | ||
| Q3 25 | -22.0% | 31.8% | ||
| Q2 25 | 9.3% | 28.0% | ||
| Q1 25 | 6.1% | 26.1% | ||
| Q4 24 | 7.4% | 23.2% | ||
| Q3 24 | 3.0% | 27.6% | ||
| Q2 24 | 10.2% | 24.4% | ||
| Q1 24 | 3.7% | 30.3% |
净利率FLUTWMB
| Q4 25 | 0.2% | 19.1% | ||
| Q3 25 | -20.8% | 18.5% | ||
| Q2 25 | 0.9% | 16.2% | ||
| Q1 25 | 9.1% | 16.5% | ||
| Q4 24 | 4.1% | 14.2% | ||
| Q3 24 | -3.5% | 23.3% | ||
| Q2 24 | 8.2% | 14.1% | ||
| Q1 24 | -5.2% | 18.9% |
每股收益（稀释后）FLUTWMB
| Q4 25 | $0.00 | $0.60 | ||
| Q3 25 | $-3.91 | $0.53 | ||
| Q2 25 | $0.59 | $0.45 | ||
| Q1 25 | $1.57 | $0.56 | ||
| Q4 24 | $0.47 | $0.39 | ||
| Q3 24 | $-0.58 | $0.58 | ||
| Q2 24 | $1.45 | $0.33 | ||
| Q1 24 | $-1.10 | $0.52 |
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 | — |
| 总债务越低越好 | $12.3B | $27.3B |
| 股东权益账面价值 | $9.0B | $12.8B |
| 总资产 | $29.3B | $58.6B |
| 负债/权益比越低杠杆越低 | 1.36× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资FLUTWMB
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
总债务FLUTWMB
| Q4 25 | $12.3B | $27.3B | ||
| Q3 25 | $12.1B | $25.6B | ||
| Q2 25 | $10.0B | $25.6B | ||
| Q1 25 | $6.8B | $24.1B | ||
| Q4 24 | $6.7B | $24.7B | ||
| Q3 24 | $6.9B | $24.8B | ||
| Q2 24 | $6.8B | $24.1B | ||
| Q1 24 | $6.8B | $24.1B |
股东权益FLUTWMB
| Q4 25 | $9.0B | $12.8B | ||
| Q3 25 | $9.2B | $12.5B | ||
| Q2 25 | $10.2B | $12.4B | ||
| Q1 25 | $9.9B | $12.5B | ||
| Q4 24 | $9.3B | $12.4B | ||
| Q3 24 | $10.2B | $12.4B | ||
| Q2 24 | $9.9B | $12.3B | ||
| Q1 24 | $9.5B | $12.4B |
总资产FLUTWMB
| Q4 25 | $29.3B | $58.6B | ||
| Q3 25 | $29.3B | $55.7B | ||
| Q2 25 | $29.9B | $56.1B | ||
| Q1 25 | $24.8B | $54.9B | ||
| Q4 24 | $24.5B | $54.5B | ||
| Q3 24 | $25.5B | $53.8B | ||
| Q2 24 | $24.3B | $52.4B | ||
| Q1 24 | $24.4B | $52.7B |
负债/权益比FLUTWMB
| Q4 25 | 1.36× | 2.13× | ||
| Q3 25 | 1.31× | 2.04× | ||
| Q2 25 | 0.97× | 2.06× | ||
| Q1 25 | 0.69× | 1.93× | ||
| Q4 24 | 0.72× | 1.99× | ||
| Q3 24 | 0.67× | 2.00× | ||
| Q2 24 | 0.69× | 1.96× | ||
| Q1 24 | 0.72× | 1.94× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $392.0M | $-379.0M |
| 自由现金流率自由现金流/营收 | 8.3% | -9.9% |
| 资本支出强度资本支出/营收 | 0.8% | 50.9% |
| 现金转化率经营现金流/净利润 | 42.80× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.0B |
8季度趋势，按日历期对齐
经营现金流FLUTWMB
| Q4 25 | $428.0M | $1.6B | ||
| Q3 25 | $209.0M | $1.4B | ||
| Q2 25 | $359.0M | $1.4B | ||
| Q1 25 | $188.0M | $1.4B | ||
| Q4 24 | $652.0M | $1.2B | ||
| Q3 24 | $290.0M | $1.2B | ||
| Q2 24 | $323.0M | $1.3B | ||
| Q1 24 | $337.0M | $1.2B |
自由现金流FLUTWMB
| Q4 25 | $392.0M | $-379.0M | ||
| Q3 25 | $196.0M | $485.0M | ||
| Q2 25 | $322.0M | $478.0M | ||
| Q1 25 | $169.0M | $421.0M | ||
| Q4 24 | $595.0M | $450.0M | ||
| Q3 24 | $253.0M | $561.0M | ||
| Q2 24 | $295.0M | $700.0M | ||
| Q1 24 | $315.0M | $690.0M |
自由现金流率FLUTWMB
| Q4 25 | 8.3% | -9.9% | ||
| Q3 25 | 5.2% | 13.9% | ||
| Q2 25 | 7.7% | 14.2% | ||
| Q1 25 | 4.6% | 10.1% | ||
| Q4 24 | 15.7% | 13.2% | ||
| Q3 24 | 7.8% | 18.5% | ||
| Q2 24 | 8.2% | 24.6% | ||
| Q1 24 | 9.3% | 20.7% |
资本支出强度FLUTWMB
| Q4 25 | 0.8% | 50.9% | ||
| Q3 25 | 0.3% | 27.3% | ||
| Q2 25 | 0.9% | 28.8% | ||
| Q1 25 | 0.5% | 24.2% | ||
| Q4 24 | 1.5% | 22.5% | ||
| Q3 24 | 1.1% | 22.5% | ||
| Q2 24 | 0.8% | 20.3% | ||
| Q1 24 | 0.6% | 16.3% |
现金转化率FLUTWMB
| Q4 25 | 42.80× | 2.15× | ||
| Q3 25 | — | 2.22× | ||
| Q2 25 | 9.70× | 2.66× | ||
| Q1 25 | 0.56× | 2.07× | ||
| Q4 24 | 4.18× | 2.51× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | 1.09× | 3.19× | ||
| Q1 24 | — | 1.95× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
