APP vs FLUT
AppLovin Corp. and Flutter Entertainment PLC, side by side — 4 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | APP | FLUT |
|---|---|---|
| Revenue | $5.5B | $16.4B |
| Net income | $3.3B | $-407.0M |
| Gross margin | 87.9% | 45.2% |
| Net margin | 60.8% | −2.5% |
| Return on equity | 206.8% | −4.4% |
| Diluted EPS | $9.75 | −$1.75 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | $1.1B |
| Equity | $2.1B | $9.0B |
| Net debt / equity | 0.48× | 1.15× |
| Current ratio | 3.32× | 0.95× |
| Revenue CAGR 5y | 30.4% | · |
| Profit CAGR 5y | · | · |
FLUT bills 3.0× the revenue of APP, and FLUT closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
4 years side by side
| Fiscal year | APP | FLUT |
|---|---|---|
| FY2025 | $5.5B | $16.4B |
| FY2024 | $3.2B | $14.0B |
| FY2023 | $1.8B | $11.8B |
| FY2022 | $2.8B | $9.5B |
Bottom line
| Fiscal year | APP | FLUT |
|---|---|---|
| FY2025 | $3.3B | $-407.0M |
| FY2024 | $1.6B | $162.0M |
| FY2023 | $356.7M | $-1.2B |
| FY2022 | $-192.7M | $-370.0M |
Standard deviation, each side
APP's net margin has been more volatile than FLUT's over the 4 comparable fiscal years — 26.4 percentage points of standard deviation against 4.1.
4 of 7 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between APP and FLUT over these 4 fiscal years — APP led in 3 and FLUT in 1.
4 of 7 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
APP's return on equity has been more volatile than FLUT's over the 4 comparable fiscal years — 86.7 percentage points of standard deviation against 4.7.
4 of 4 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between APP and FLUT over these 4 fiscal years — APP led in 3 and FLUT in 1.
4 of 4 comparable fiscal years — a year missing data on either side is not counted.