Caesars Entertainment vs Flutter Entertainment
Flutter Entertainment is the larger business, with $16.38bn of revenue in fiscal 2025 against $11.49bn for Caesars Entertainment (1.4 times as much). Flutter Entertainment grew faster (16.6% against 2.1%). Flutter Entertainment kept more of each dollar of sales as profit: a net margin of -1.9% against -4.4%. Flutter Entertainment carries less debt relative to equity (136.7% against 339.8%).
| Latest fiscal year | Caesars EntertainmentCZR, 2025 | Flutter EntertainmentFLUT, 2025 |
|---|---|---|
| Revenue | $11.49bn | $16.38bn |
| Revenue growth | 2.1% | 16.6% |
| Net income | −$502m | −$310m |
| Operating margin | 16.2% | 0.2% |
| Net margin | -4.4% | -1.9% |
| Return on equity | -13.1% | -3.4% |
| Free cash flow | $497m | $1.08bn |
| Cash | $887m | $1.83bn |
| Total debt | $11.90bn | $12.36bn |
| Debt to equity | 339.8% | 136.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $229m | $1.12bn |
| Employees | 50,000 | 27,345 |
| Market value | $5.94bn | $14.71bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 28 (Weak) | — |
| Insider trades, 12 months | 0 buys, 16 sales | 8 buys, 22 sales |