Flutter Entertainment vs MGM Resorts
MGM Resorts reported revenue of $17.5 billion in fiscal 2025, about the same as Flutter Entertainment's $16.4 billion in fiscal 2025. Flutter Entertainment's revenue grew 16.6% in its latest year, and MGM Resorts' grew 1.7%. Flutter Entertainment had an operating margin of 0.2%, against 5.7% at MGM Resorts. Free cash flow was $1.1 billion at Flutter Entertainment and $1.5 billion at MGM Resorts.
Side by side
| Flutter Entertainment | MGM Resorts | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $16.4B | $17.5B |
| Revenue growth | 16.6% | 1.7% |
| Revenue growth a year, last 5 years | 51.8% | 27.7% |
| Gross margin | 45.2% | — |
| Operating margin | 0.2% | 5.7% |
| Net margin | −1.9% | 1.2% |
| Free cash flow | $1.1B | $1.5B |
| Free cash flow margin | 6.6% | 8.3% |
| Return on capital | 0.2% | 12.8% |
| Net debt to EBITDA | 6.7x | 2.2x |
| Dividends and buybacks | $1.1B | $1.2B |
| Change in diluted share count | −1.7% | −10.6% |
| Last close | $80.18 | $28.54 |
| P/E at the last close | — | 17.6× |
| Insider trades, last 12 months | bought $1.0 million, sold $3.1 million | bought $77.1 million, sold $1.5 million |
| Piotroski F-score | 5 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Flutter EntertainmentMGM Resorts
Operating margin
Percent of revenue
Flutter EntertainmentMGM Resorts
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Flutter EntertainmentMGM Resorts
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Flutter Entertainment and MGM Resorts pages.