Flutter Entertainment PLC
FLUT Consumer Cyclical Gambling
Flutter Entertainment PLC’s revenue for fiscal 2025 (year ended December 2025) was $16.4 billion, up 16.6% from fiscal 2024. In the quarter to June 2026, revenue grew 3.32%, EPS fell 366.1%, free cash flow grew 21.2% and total debt rose 20.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
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Flutter Entertainment PLC (FLUT) Piotroski F-score
Flutter Entertainment PLC's Piotroski F-score for fiscal 2025 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, down from 8 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 5 | (3.00) |
| FY2024 | 8 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.15%) | 0.17% | Fail | 0 |
| Positive operating cash flow | 1.18b | 1.60b | Pass | 1 |
| Rising return on assets | (1.15%) | 0.17% | Fail | 0 |
| Cash flow above net income | 1.49b | 1.56b | Pass | 1 |
| Falling long-term leverage | 0.45 | 0.27 | Fail | 0 |
| Rising current ratio | 0.95 | 0.95 | Pass | 1 |
| No new shares issued | 177,000,000 | 178,000,000 | Pass | 1 |
| Rising gross margin | 45.19% | 47.71% | Fail | 0 |
| Rising asset turnover | 0.61 | 0.57 | Pass | 1 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| DKNG DraftKings Inc. compare | 7 |
| CHDN Churchill Downs, Incorporated compare | 6 |
| SGHC Super Group (SGHC) Limited compare | 6 |
| ACEL Accel Entertainment, Inc. compare | 6 |
| RSI Rush Street Interactive, Inc. compare | 6 |
| LNWO Light & Wonder, Inc. compare | 5 |
| CDRO Codere Online Luxembourg, S.A. compare | 5 |
| FLUT Flutter Entertainment PLC | 5 |
| BRSL Brightstar Lottery compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover