Flutter Entertainment Plc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Flutter Entertainment Plc (FLUT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Flutter Entertainment Plc vs Its Competitors
- TTM: Trailing 12-month revenue of 17,161M vs 71,439M combined for tracked competitors (19.4% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.8% annualized vs trailing 12 months), vs holding steady (-0.3%) for its tracked peer group.
- Growth: Flutter Entertainment Plc generated 3.3% revenue growth year over year in Q2 2026, vs 1.7% for its tracked competitors combined.
- Profitability: Its -6.8% net margin compares with 12.7% for the peer group.
- Scale: Flutter Entertainment Plc ranks #9 of 92 companies by market capitalization in the Internet Services & Social Media industry, holding 0.6% of industry market cap.
- Peer revenue share: Flutter Entertainment Plc accounted for 19.6% of combined revenue among its tracked peer group, up from 19.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.60M compares with $0.25M for the peer group (2.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FLUT Sales vs. its Competitors, Q2 2026
Flutter Entertainment Plc reported revenue growth of 3.32 % year on year in Q2 2026, above its competitors' combined revenue growth of 1.66 %.
With a net margin of -6.84 %, Flutter Entertainment Plc reported lower profitability than its competitors (12.74 %).
Flutter Entertainment Plc generated 19.55 % of the combined sales of its peer group, up from 19.29 % a year earlier.
Flutter Entertainment Plc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Flutter Entertainment Plc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Flutter Entertainment Plc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Flutter Entertainment Plc's competitor groups requires a Commercial License.
For context: the Internet Services & Social Media industry grew revenue 20.1% year over year, combined, vs 3.3% for Flutter Entertainment Plc. Flutter Entertainment Plc's share of combined industry revenue moved from 1.56% to 1.34%, a loss of 0.22 percentage points.
Flutter Entertainment Plc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Flutter Entertainment Plc | No | Yes | Yes | - |
| Competitors combined (5) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FLUT Stock Performance relative to its Competitors
FLUT Stock Performance relative to High-Confidence Competitors
FLUT Stock Performance relative to Similar-Size Competitors
FLUT Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Aspen Technology inc | 282.9% | Outperformed |
| 2 | Willdan Group inc | 282.9% | Outperformed |
| 3 | International Business Machines Corporation | 282.9% | Outperformed |
| 4 | Leidos Holdings Inc | 282.9% | Outperformed |
| 5 | Bentley Systems Incorporated | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Flutter Entertainment Plc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Flutter Entertainment Plc's Comment on Competition and Industry Peers
Publicly Traded Peers of Flutter Entertainment Plc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Flutter Entertainment Plc | 13,410.25 | 17,161.00 |
| International Business Machines Corporation | 210,356.66 | 69,096.00 |
| Aspen Technology inc | 16,821.43 | 1,140.15 |
| Leidos Holdings Inc | 15,660.80 | 17,329.00 |
| Bentley Systems Incorporated | 9,980.19 | 1,602.17 |
| Willdan Group inc | 1,190.81 | 740.88 |
| SUBTOTAL | 267,420.14 | 107,069.20 |
Sources: Flutter Entertainment Plc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Flutter Entertainment Plc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Flutter Entertainment Plc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Codere Online Luxembourg S a | Named by the company | 85% |
| Doubledown Interactive Co Ltd | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Flutter Entertainment Plc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Flutter Entertainment Plc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Flutter Entertainment Plc | International 59.04 % |
| International Business Machines Corporation | Software 45.22 % |
| Leidos Holdings Inc | Intelligence and Digital 33.11 % |
| Willdan Group inc | Energy 87.69 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Flutter Entertainment Plc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Flutter Entertainment Plc | 13,410 | 601,760 | -30,367 |
| International Business Machines Corporation | 210,357 | 226,322 | 35,129 |
| Aspen Technology inc | 16,821 | 1,301,540 | 6,999 |
| Leidos Holdings Inc | 15,661 | 346,580 | 28,640 |
| Bentley Systems Incorporated | 9,980 | 276,236 | 49,969 |
| Willdan Group inc | 1,191 | 408,423 | 36,003 |
| PEERS TOTAL | 254,010 | 247,143 | 34,411 |
Flutter Entertainment Plc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Flutter Entertainment Plc | United States 39.27 % |
| International Business Machines Corporation | Americas 49.04 % |
| Aspen Technology inc | Americas 55.75 % |
| Leidos Holdings Inc | United States 91.54 % |
| Bentley Systems Incorporated | United States, Canada, and Latin America 53.29 % |
| Willdan Group inc | US 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Flutter Entertainment Plc's Position in Industry Market Structure
Market-capitalization share and concentration across all 75 companies in Flutter Entertainment Plc's industry classification, broader than the peer set above. Market cap in millions of $.Flutter Entertainment Plc ranks #9 of 75 companies by market capitalization in its industry, holding 0.60 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 6,223, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Meta Platforms Inc | 1,858,015 | 78.61 % |
| 2 | Applovin Corporation | 104,741 | 4.43 % |
| 3 | Nebius Group n v | 60,012 | 2.54 % |
| 4 | Gds Holdings Limited | 52,815 | 2.23 % |
| 5 | Rentokil Initial Plc | 1,234 | 5.2% |
| 6 | Thomson Reuters Corporation | 1,234 | 5.2% |
| 7 | Zoom Communications Inc | 1,234 | 5.2% |
| 8 | Digitalocean Holdings Inc | 1,234 | 5.2% |
| 9 | Flutter Entertainment Plc | 14,144 | 0.60 % |
| 10 | Gartner Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Flutter Entertainment Plc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Flutter Entertainment Plc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 4 | Gds Holdings Limited | 52,815 | -23.66 % |
| 5 | Rentokil Initial Plc | 51,006 | -16.32 % |
| 6 | Thomson Reuters Corporation | 43,807 | -38.53 % |
| 7 | Zoom Communications Inc | 25,724 | 2.18 % |
| 8 | Digitalocean Holdings Inc | 1,234 | 12.3% |
| 9 | Flutter Entertainment Plc | 14,144 | -71.03 % |
| 10 | Gartner Inc | 1,234 | 12.3% |
| 11 | Sound Group Inc | 1,234 | 12.3% |
| 12 | Pinterest Inc | 1,234 | 12.3% |
| 13 | Vnet Group inc | 1,234 | 12.3% |
| 14 | Match Group Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Flutter Entertainment Plc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Flutter Entertainment Plc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Internet Services & Social Media industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (112 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 42.46 % | 53.20 % (avg) | -10.7 pp |
| Operating Margin | -3.74 % | industry median | +0.0 pp |
| EBITDA Margin | 19.31 % | 8.63 % (avg) | +10.7 pp |
| Capital Intensity (Capex / Revenue) | 3.25 % | 6.24 % (avg) | -3.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Flutter Entertainment Plc's Valuation vs Competitive Position
Valuation multiples vs the Internet Services & Social Media industry average (112 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 40.0x | - |
| EV / EBITDA | 12.1x | 20.6x | -8.5x |
| P/B | 2.0x | 4.5x | -2.5x |
| Return on Equity | -9.54 % | industry aggregate | -51.57 % |
| Return on Invested Capital | -1.40 % | 0.06 % (avg) | -1.46 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Flutter Entertainment Plc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | - | 19.15 % | 16.62 % |
| Operating Margin | - | - | 10.45 % | 6.19 % | 0.22 % |
| Return on Invested Capital | - | - | 2.45 % | 2.35 % | 0.08 % |
| P/E | - | - | 519.1x | 1,185.4x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Flutter Entertainment Plc's Strategic Group Map
Every company in Flutter Entertainment Plc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Flutter Entertainment Plc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Flutter Entertainment Plc's BCG Growth-Share Matrix
Relative market share (vs Flutter Entertainment Plc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Flutter Entertainment Plc falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 8.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Meta Platforms Inc alone holds 79% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Flutter Entertainment Plc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 6,223 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 3.25 % vs industry average 6.24 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Flutter Entertainment Plc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Flutter Entertainment Plc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Flutter Entertainment Plc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Flutter Entertainment Plc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Flutter Entertainment Plc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 51.6 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
- Industry dominated by Meta Platforms Inc , holding 78.61 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Flutter Entertainment Plc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Flutter Entertainment Plc | 0.44 | 0.93 | 2.68 |
| International Business Machines Corporation | 0.29 | 0.87 | 3.47 |
| Aspen Technology inc | 0.67 | 2.79 | - |
| Leidos Holdings Inc | 0.29 | 1.58 | 1.04 |
| Bentley Systems Incorporated | 0.14 | 0.57 | 1.01 |
| Willdan Group inc | 0.25 | 1.51 | 0.17 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Flutter Entertainment Plc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Flutter Entertainment Plc | Q2 2026 | +3.3 % | - |
| International Business Machines Corporation | Q2 2026 | +1.1 % | -1.3 % |
| Aspen Technology inc | Q4 2024 | +18.4 % | - |
| Leidos Holdings Inc | Q1 2026 | +3.7 % | -8.2 % |
| Bentley Systems Incorporated | Q2 2026 | +13.0 % | +11.4 % |
| Willdan Group inc | Q2 2026 | +33.3 % | +57.7 % |
| PEERS TOTAL | +2.4 % | -12.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Flutter Entertainment Plc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Flutter Entertainment Plc | Q2 2026 | +17.3 % | -9.4 % |
| International Business Machines Corporation | Q2 2026 | +3.6 % | +9.0 % |
| Aspen Technology inc | Q4 2024 | +0.0 % | +122.2 % |
| Leidos Holdings Inc | Q1 2026 | +4.3 % | +40.9 % |
| Bentley Systems Incorporated | Q2 2026 | +8.8 % | +88.6 % |
| Willdan Group inc | Q2 2026 | +36.7 % | -25.4 % |
Flutter Entertainment Plc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Flutter Entertainment Plc | - | - | - |
| International Business Machines Corporation | 7.07% | 7.03% | 33.43% |
| Aspen Technology inc | 0.04% | 0.04% | 0.05% |
| Leidos Holdings Inc | 10.23% | 12.77% | 29.10% |
| Bentley Systems Incorporated | 8.21% | 11.19% | 24.09% |
| Willdan Group inc | 11.88% | 16.27% | 20.92% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Flutter Entertainment Plc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Flutter Entertainment Plc | - | 0.78 |
| International Business Machines Corporation | 19.55 | 3.04 |
| Aspen Technology inc | 3,304.12 | 14.75 |
| Leidos Holdings Inc | 11.21 | 0.90 |
| Bentley Systems Incorporated | 35.16 | 6.23 |
| Willdan Group inc | 18.08 | 1.61 |
| PEERS AVERAGE | 22.95 | 2.50 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.