CDRO vs MGM vs FLUT Stock Comparison

Codere Online Luxembourg, MGM Resorts International and Flutter Entertainment Prices as of Oct 26, 2026 Peers: Industry group
MGM MGM Resorts International
$28.52 -12.5% 1M -13.1% 1Y
Market cap
$7.19B
P/E
16.9x
Revenue (TTM)
$17.76B
Div. yield
–
Casinos Consumer Discretionary
5 wins
FLUT Flutter Entertainment plc
$80.18 -4.1% 1M -67.1% 1Y
Market cap
$13.62B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
2 wins

Head to Head

10 decided of 12

MGM Resorts International leads on 5 of the 12 questions below (MGM Resorts International 5, Codere Online Luxembourg 3, Flutter Entertainment 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDROMGMFLUTLeader
Larger companyMarket capitalisation $433.34M $7.19B $13.62B FLUT
Cheaper on earningsLower P/E, profitable companies only — 16.9x -18.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.9x 17.3x 18.0x MGM
Faster revenue growthRevenue growth, trailing twelve months — +3.2% +15.2% FLUT
More profitableNet margin, trailing twelve months — 2.4% -4.4% MGM
Better return on capitalReturn on invested capital — 10.6% -3.0% MGM
Less leveragedLower net debt / EBITDA — 1.7x 10.1x MGM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +40.4% -13.1% -67.1% CDRO
Better 5-year returnAnnualised price return, 5 years -1.6%/yr -9.5%/yr -16.4%/yr CDRO
Less volatileAnnualised volatility, 1 year 31.7% 39.2% 51.1% CDRO
Higher overall scoreMean of the five percentile scores vs peers — 70/100 42/100 MGM

Percentile Scorecard

CDROMGMFLUT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDROMGMFLUT
Valuation – 98 #2 of 44 54 #21 of 44
Growth – 52 #21 of 43 21 #34 of 43
Profitability – 60 #17 of 41 33 #28 of 41
Financial Health 80 #10 of 47 63 #18 of 47 39 #29 of 47
Shareholder Returns – 78 #7 of 28 63 #11 of 28
Overall – 70 42
  • CDRO ranked among 48 companies in Gaming and Leisure
  • MGM ranked among 48 companies in Gaming and Leisure
  • FLUT ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDROMGMFLUTSPY
1 month -8.0%-12.5%-4.1% -0.8%
3 months -1.9%-38.4%-24.2% +3.5%
6 months +3.5%-29.7%-27.7% +7.0%
Year to date +14.7%-21.8%-62.7% +12.2%
1 year +40.4%-13.1%-67.1% +13.0%
3 years +204.0%-16.7%-48.3% +86.3%
3 years, per year +44.9%-5.9%-19.7% +23.1%
5 years -7.7%-39.3%-59.1% +68.6%
5 years, per year -1.6%-9.5%-16.4% +11.0%
10 years —+9.1%-30.0% +258.0%
10 years, per year —+0.9%-3.5% +13.6%

Risk

MeasureCDROMGMFLUTSPY
Volatility, 1Y 31.7%39.2%51.1% 12.7%
Downside volatility, 1Y 29.5%35.3%57.7% 12.7%
Beta vs S&P 500, 1Y 0.450.860.78 1.00
Return / volatility, 1Y 1.27-0.33-1.31 1.02
Max drawdown, 5Y -79.0%-49.3%-75.9% -25.4%
From 52-week high -9.7%-43.7%-67.2% -1.8%
52-week high $10.20$50.69$244.54 $779.14
52-week low $5.43$28.03$74.27 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDROMGMFLUT
P/E now vs peer median —median 17.1x 17.0xmedian 17.1x -18.6xmedian 17.1x
P/S now vs peer median —median 1.9x 0.4xmedian 1.9x 0.8xmedian 1.9x
EV/EBITDA now vs peer median —median 10.9x 5.0xmedian 10.9x 23.7xmedian 10.9x
P/FCF now vs peer median —median 11.4x 4.8xmedian 11.4x 11.2xmedian 11.4x
P/B now vs peer median 9.5xmedian 2.5x 2.1xmedian 2.5x 1.5xmedian 2.5x
PEG now vs peer median —median 0.57 0.99median 0.57 —median 0.57

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDROMGMFLUT
Revenue – $17.76B $17.16B
Gross profit – $7.84B $7.29B
Operating income – $1.02B -$641.00M
Net income – $595.10M -$866.00M
Free cash flow – $1.49B $1.24B
R&D – – $1.08B
EPS (diluted) – $1.65 $-4.31
Cash & equivalents $71.43M $2.55B $1.56B
Total debt – $6.07B $11.98B
Shares (diluted) 45.89M 257.76M 175.00M
Enterprise value $162.14M -$1.85B $6.99B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDROMGMFLUT
P/E – 17.0x -18.6x
P/FCF – 4.8x 11.2x
P/Operating cash flow – 2.9x 10.5x
P/S – 0.4x 0.8x
P/B 9.5x 2.1x 1.5x
P/Tangible book 9.5x 3.4x 5.6x
EV/EBITDA – 5.0x 23.7x
EV/EBIT – 10.5x -38.0x
EV/Revenue – 0.6x 1.4x
EV/FCF – 7.2x 19.6x
EV/Operating cash flow – 4.3x 18.3x
PEG (3Y EPS CAGR) – 0.99 –

Growth

14 metrics
MetricCDROMGMFLUT
Revenue growth (1Y) – 3.2% 15.2%
Revenue CAGR (3Y) – 6.2% –
Gross profit growth (1Y) – 1.4% 4.2%
Gross profit CAGR (3Y) – 3.0% –
Operating income growth (1Y) – -27.1% -164.9%
Operating income CAGR (3Y) – 165.5% –
Net income growth (1Y) – -28.0% -309.2%
Net income CAGR (3Y) – 135.7% –
EPS growth (1Y) – -15.6% -310.7%
EPS CAGR (3Y) – 17.2% –
Operating cash flow growth (1Y) – -2.7% -10.7%
Operating cash flow CAGR (3Y) – 5.4% –
Free cash flow growth (1Y) – 15.4% -7.2%
Free cash flow CAGR (3Y) – 8.1% –

Profitability

14 metrics
MetricCDROMGMFLUT
Gross margin – 44.2% 42.5%
EBITDA margin – 12.0% 6.0%
Operating margin – 5.7% -3.7%
Pretax margin – 2.8% -4.3%
Net margin – 2.4% -4.4%
FCF margin – 8.4% 7.2%
Operating cash flow margin – 13.9% 7.8%
Return on equity – 20.2% -9.5%
Return on assets – 1.7% -3.1%
Return on invested capital – 10.6% -3.0%
Return on capital employed – 2.7% -2.8%
Asset turnover – 0.4x 0.6x
Cash conversion (OCF / net income) – 4.1x -1.5x
Stock comp / revenue – 0.5% 1.4%

Financial Health

11 metrics
MetricCDROMGMFLUT
Debt / assets – 15.2% 42.5%
Debt / equity – 1.8x 1.3x
Net debt / EBITDA – 1.7x 10.1x
Debt / FCF – 4.1x 9.6x
Liabilities / assets 61.1% 91.5% 68.2%
Equity / assets 38.9% 8.5% 31.8%
Interest coverage – 2.5x –
Current ratio 1.5x 1.3x 0.9x
Quick ratio 1.5x 1.1x 0.4x
Cash ratio 1.3x 0.8x 0.3x
Altman Z-score – 0.76 1.33

Shareholder Returns

7 metrics
MetricCDROMGMFLUT
Dividend yield – – –
Net buyback yield – 10.8% 5.7%
Shareholder yield – 10.8% 5.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDROMGMFLUT
Forward P/E 27.9xFY2026 17.3xFY2026 18.0xFY2026
EPS, next fiscal year $0.33FY2026 $1.65FY2026 $4.46FY2026
EPS growth, next FY – -50.2%FY2026 -43.8%FY2026
EPS growth, the year after +84.8% +9.7% +48.7%
Revenue, next fiscal year $306.62MFY2026 $18.45BFY2026 $16.93BFY2026
Revenue growth, next FY +16.5%FY2026 +5.2%FY2026 +3.3%FY2026
Revenue growth, the year after -4.0% +0.3% +18.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDROMGMFLUT
Held by institutions 12.2% 66.8% –
Institutions holding 20 661 –
Change in shares held, QoQ +0.4% +0.0% –
Institutions buying 10 305 –
Institutions selling 4 235 –
Buyers to sellers 2.50 1.30 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDROMGMFLUT
CDRO 1.00 0.12 0.19
MGM 0.12 1.00 0.41
FLUT 0.19 0.41 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDRO, MGM and FLUT?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Codere Online Luxembourg (CDRO) $433.34M, MGM Resorts International (MGM) $7.19B, Flutter Entertainment (FLUT) $13.62B.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: MGM Resorts International (MGM) +3.2%, Flutter Entertainment (FLUT) +15.2%.

Which company is more profitable?

MGM Resorts International (MGM) has the highest net margin (MGM Resorts International (MGM) 2.4%, Flutter Entertainment (FLUT) -4.4%). On return on invested capital, MGM Resorts International (MGM) leads (MGM Resorts International (MGM) 10.6%, Flutter Entertainment (FLUT) -3.0%).

Which stock has performed better?

Over the past year Codere Online Luxembourg (CDRO) returned the most: Codere Online Luxembourg (CDRO) +40.4%, MGM Resorts International (MGM) -13.1%, Flutter Entertainment (FLUT) -67.1%. Over five years, Codere Online Luxembourg (CDRO) compounded fastest (Codere Online Luxembourg (CDRO) -1.6%/yr, MGM Resorts International (MGM) -9.5%/yr, Flutter Entertainment (FLUT) -16.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Codere Online Luxembourg (CDRO) has been the steadiest (Codere Online Luxembourg (CDRO) 31.7%, MGM Resorts International (MGM) 39.2%, Flutter Entertainment (FLUT) 51.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDRO, MGM and FLUT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, MGM Resorts International (MGM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.