Flutter Entertainment PLC (FLUT) vs Rush Street Interactive, Inc. (RSI)

Flutter Entertainment PLC and Rush Street Interactive, Inc. are both Gambling companies. Flutter Entertainment PLC is the larger, with a market value of $14.1B against $4.5B — 3.1× the size. Flutter Entertainment PLC has negative trailing earnings, so its P/E is not meaningful; Rush Street Interactive, Inc. trades at 66.2×. Rush Street Interactive, Inc. grew revenue faster over the last twelve months: 34.3% against 15.2%. Rush Street Interactive, Inc. has the higher net margin (2.33% vs −4.39%) and the higher return on invested capital (0.00% vs −2.31%). Across the 19 metrics below, Rush Street Interactive, Inc. leads on 15 and Flutter Entertainment PLC on 4.

Valuation

Metric FLUT RSI Gambling median
P/E n/m 66.23 16.33
P/S 0.85 1.61 0.86
P/B 1.62 6.50 3.20
Price to free cash flow 28.84 14.67 18.30
EV/EBITDA 22.29 10.36 9.68
EV/Sales 1.34 1.36 1.63
Earnings yield (5.15%) 1.51% (0.02%)
Free cash flow yield 3.47% 6.82% 4.45%

Profitability

Metric FLUT RSI Gambling median
Gross margin 42.46% 34.97% 51.63%
Operating margin (3.74%) 10.04% (1.47%)
Net margin (4.39%) 2.33% (3.01%)
Free cash flow margin 2.94% 11.01% 2.54%
Return on equity (7.78%) 10.80% 10.65%
Return on assets (2.60%) 4.78% (1.07%)
Return on invested capital (2.31%) 0.00% 0.00%

Growth

Metric FLUT RSI Gambling median
Revenue growth (TTM) 15.24% 34.29% 5.73%
EPS growth (last fiscal year) (829.17%) 933.33% —
Revenue growth, 5-year CAGR — 32.43% 23.46%
Net income growth, 5-year CAGR — 98.49% 0.00%

Health

Metric FLUT RSI Gambling median
Debt to equity 1.33 0.00 0.13
Current ratio 0.89 2.12 1.06
Net debt to EBITDA 5.42 (2.67) 0.25

Dividend

Metric FLUT RSI Gambling median
Dividend yield — — —
Payout ratio — 0.00 0.00

Size

Metric FLUT RSI Gambling median
Market cap 14.06b 4.53b 673.72m

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