Flutter Entertainment vs MGM Resorts
Flutter Entertainment and MGM Resorts are similar in size: $16.38bn and $17.54bn of revenue in their latest fiscal years. Flutter Entertainment grew faster (16.6% against 1.7%). MGM Resorts kept more of each dollar of sales as profit: a net margin of 1.2% against -1.9%. Flutter Entertainment carries less debt relative to equity (136.7% against 257.6%).
| Latest fiscal year | Flutter EntertainmentFLUT, 2025 | MGM ResortsMGM, 2025 |
|---|---|---|
| Revenue | $16.38bn | $17.54bn |
| Revenue growth | 16.6% | 1.7% |
| Net income | −$310m | $206m |
| Operating margin | 0.2% | 5.7% |
| Net margin | -1.9% | 1.2% |
| Return on equity | -3.4% | 7.5% |
| Free cash flow | $1.08bn | $1.46bn |
| Cash | $1.83bn | $2.06bn |
| Total debt | $12.36bn | $6.26bn |
| Debt to equity | 136.7% | 257.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $1.12bn | $1.23bn |
| Employees | 27,345 | 18,000 |
| Market value | $15.34bn | $7.69bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 52 (Moderate) |
| Insider trades, 12 months | 8 buys, 22 sales | 0 buys, 2 sales |