FLUT vs BYD vs PENN Stock Comparison

Flutter Entertainment, Boyd Gaming and PENN Entertainment Prices as of Oct 26, 2026 Peers: Industry group
FLUT Flutter Entertainment plc
$80.18 -4.1% 1M -67.1% 1Y
Market cap
$13.80B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
4 wins
BYD Boyd Gaming Corp
$72.46 +1.7% 1M -8.0% 1Y
Market cap
$5.37B
P/E
2.8x
Revenue (TTM)
$4.08B
Div. yield
–
Casinos Consumer Discretionary
4 wins

Head to Head

10 decided of 12

Flutter Entertainment leads on 4 of the 12 questions below (Flutter Entertainment 4, Boyd Gaming 4, PENN Entertainment 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLUTBYDPENNLeader
Larger companyMarket capitalisation $13.80B $5.37B $1.98B FLUT
Cheaper on earningsLower P/E, profitable companies only -18.3x 2.8x -2.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.0x 10.7x 17.7x BYD
Faster revenue growthRevenue growth, trailing twelve months +15.2% +0.3% +6.1% FLUT
More profitableNet margin, trailing twelve months -4.4% — -12.7% FLUT
Better return on capitalReturn on invested capital -3.0% — -11.9% FLUT
Less leveragedLower net debt / EBITDA 10.1x — -18.9x PENN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -67.1% -8.0% -15.9% BYD
Better 5-year returnAnnualised price return, 5 years -16.4%/yr +1.5%/yr -27.2%/yr BYD
Less volatileAnnualised volatility, 1 year 51.1% 26.3% 52.5% BYD
Higher overall scoreMean of the five percentile scores vs peers 42/100 48/100 50/100 PENN

Percentile Scorecard

FLUTBYDPENN

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

AxisFLUTBYDPENN
Valuation 54 #21 of 44 77 #11 of 44 63 #17 of 44
Growth 21 #34 of 43 41 #26 of 43 19 #35 of 43
Profitability 33 #28 of 41 – 28 #30 of 41
Financial Health 39 #29 of 47 – 46 #26 of 47
Shareholder Returns 63 #11 of 28 26 #21 of 28 93 #3 of 28
Overall 42 48 50
  • FLUT ranked among 48 companies in Gaming and Leisure
  • BYD ranked among 48 companies in Gaming and Leisure
  • PENN 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

PeriodFLUTBYDPENNSPY
1 month -4.1%+1.7%-4.8% -0.8%
3 months -24.2%-18.9%-29.7% +3.5%
6 months -27.7%-17.2%-16.4% +7.0%
Year to date -62.7%-15.0%+1.0% +12.2%
1 year -67.1%-8.0%-15.9% +13.0%
3 years -48.3%+32.8%-19.1% +86.3%
3 years, per year -19.7%+9.9%-6.8% +23.1%
5 years -59.1%+7.8%-79.5% +68.6%
5 years, per year -16.4%+1.5%-27.2% +11.0%
10 years -30.0%+291.5%+12.9% +258.0%
10 years, per year -3.5%+14.6%+1.2% +13.6%

Risk

MeasureFLUTBYDPENNSPY
Volatility, 1Y 51.1%26.3%52.5% 12.7%
Downside volatility, 1Y 57.7%26.4%46.8% 12.7%
Beta vs S&P 500, 1Y 0.780.571.04 1.00
Return / volatility, 1Y -1.31-0.30-0.30 1.02
Max drawdown, 5Y -75.9%-35.1%-84.3% -25.4%
From 52-week high -67.2%-20.5%-32.5% -1.8%
52-week high $244.54$91.15$22.06 $779.14
52-week low $74.27$66.10$11.76 $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.

MultipleFLUTBYDPENN
P/E now vs peer median -18.6xmedian 17.1x 2.8xmedian 17.1x -2.2xmedian 17.1x
P/S now vs peer median 0.8xmedian 1.9x 1.3xmedian 1.9x 0.3xmedian 1.9x
EV/EBITDA now vs peer median 23.7xmedian 10.9x —median 10.9x -38.9xmedian 10.9x
P/FCF now vs peer median 11.2xmedian 11.4x -8.7xmedian 11.4x 20.8xmedian 11.4x
P/B now vs peer median 1.5xmedian 2.5x —median 2.5x 1.1xmedian 2.5x
PEG now vs peer median —median 0.57 —median 0.57 0.04median 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 monthsFLUTBYDPENN
Revenue $17.16B $4.08B $7.16B
Gross profit $7.29B – $2.47B
Operating income -$641.00M $725.98M -$565.10M
Net income -$866.00M $496.64M -$908.20M
Free cash flow $1.24B – $96.10M
R&D $1.08B – –
EPS (diluted) $-4.31 – $-6.61
Cash & equivalents $1.56B – $887.20M
Total debt $11.98B – $2.77B
Shares (diluted) 175.00M 74.82M 137.10M
Enterprise value $7.17B $5.37B -$961.80M

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
MetricFLUTBYDPENN
P/E -18.6x 2.8x -2.2x
P/FCF 11.2x -8.7x 20.8x
P/Operating cash flow 10.5x – 3.1x
P/S 0.8x 1.3x 0.3x
P/B 1.5x – 1.1x
P/Tangible book 5.6x – 4.2x
EV/EBITDA 23.7x – -38.9x
EV/EBIT -38.0x – -6.9x
EV/Revenue 1.4x 1.3x 0.5x
EV/FCF 19.6x – 40.4x
EV/Operating cash flow 18.3x – 6.0x
PEG (3Y EPS CAGR) – – 0.04

Growth

14 metrics
MetricFLUTBYDPENN
Revenue growth (1Y) 15.2% 0.3% 6.1%
Revenue CAGR (3Y) – 3.3% 3.0%
Gross profit growth (1Y) 4.2% – 25.4%
Gross profit CAGR (3Y) – – -2.8%
Operating income growth (1Y) -164.9% -13.9% -504.5%
Operating income CAGR (3Y) – -10.0% -39.6%
Net income growth (1Y) -309.2% -73.5% -1,067%
Net income CAGR (3Y) – -10.8% -47.9%
EPS growth (1Y) -310.7% – -1,203%
EPS CAGR (3Y) – – -51.9%
Operating cash flow growth (1Y) -10.7% – 30.8%
Operating cash flow CAGR (3Y) – – -5.2%
Free cash flow growth (1Y) -7.2% – 168.6%
Free cash flow CAGR (3Y) – – -42.1%

Profitability

14 metrics
MetricFLUTBYDPENN
Gross margin 42.5% – 34.6%
EBITDA margin 6.0% – -1.4%
Operating margin -3.7% – -7.9%
Pretax margin -4.3% – -12.9%
Net margin -4.4% – -12.7%
FCF margin 7.2% – 1.3%
Operating cash flow margin 7.8% – 9.1%
Return on equity -9.5% – -49.3%
Return on assets -3.1% – -6.4%
Return on invested capital -3.0% – -11.9%
Return on capital employed -2.8% – -4.5%
Asset turnover 0.6x – 0.5x
Cash conversion (OCF / net income) -1.5x – -0.7x
Stock comp / revenue 1.4% – 0.8%

Financial Health

11 metrics
MetricFLUTBYDPENN
Debt / assets 42.5% – 19.7%
Debt / equity 1.3x – 1.5x
Net debt / EBITDA 10.1x – -18.9x
Debt / FCF 9.6x – 28.9x
Liabilities / assets 68.2% – 86.8%
Equity / assets 31.8% – 13.2%
Interest coverage – – –
Current ratio 0.9x – 0.9x
Quick ratio 0.4x – 0.8x
Cash ratio 0.3x – 0.6x
Altman Z-score 1.33 – 0.31

Shareholder Returns

7 metrics
MetricFLUTBYDPENN
Dividend yield – 1.1% –
Net buyback yield 5.7% – 12.0%
Shareholder yield 5.7% 1.1% 12.0%
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.

ConsensusFLUTBYDPENN
Forward P/E 18.0xFY2026 10.7xFY2026 17.7xFY2026
EPS, next fiscal year $4.46FY2026 $6.78FY2026 $0.84FY2026
EPS growth, next FY -43.8%FY2026 -8.4%FY2026 –
EPS growth, the year after +48.7% +7.1% +85.7%
Revenue, next fiscal year $16.93BFY2026 $4.36BFY2026 $7.14BFY2026
Revenue growth, next FY +3.3%FY2026 +6.5%FY2026 +2.6%FY2026
Revenue growth, the year after +18.6% -7.3% +1.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLUTBYDPENN
Held by institutions – 72.8% 100.0%
Institutions holding – 423 379
Change in shares held, QoQ – +5.4% +1.5%
Institutions buying – 186 196
Institutions selling – 175 109
Buyers to sellers – 1.06 1.80

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.

FLUTBYDPENN
FLUT 1.00 0.39 0.38
BYD 0.39 1.00 0.53
PENN 0.38 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FLUT, BYD and PENN?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Flutter Entertainment (FLUT) $13.80B, Boyd Gaming (BYD) $5.37B, PENN Entertainment (PENN) $1.98B.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: Flutter Entertainment (FLUT) +15.2%, Boyd Gaming (BYD) +0.3%, PENN Entertainment (PENN) +6.1%.

Which company is more profitable?

Flutter Entertainment (FLUT) has the highest net margin (Flutter Entertainment (FLUT) -4.4%, PENN Entertainment (PENN) -12.7%). On return on invested capital, Flutter Entertainment (FLUT) leads (Flutter Entertainment (FLUT) -3.0%, PENN Entertainment (PENN) -11.9%).

Which stock has performed better?

Over the past year Boyd Gaming (BYD) returned the most: Flutter Entertainment (FLUT) -67.1%, Boyd Gaming (BYD) -8.0%, PENN Entertainment (PENN) -15.9%. Over five years, Boyd Gaming (BYD) compounded fastest (Flutter Entertainment (FLUT) -16.4%/yr, Boyd Gaming (BYD) +1.5%/yr, PENN Entertainment (PENN) -27.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Boyd Gaming (BYD) has been the steadiest (Flutter Entertainment (FLUT) 51.1%, Boyd Gaming (BYD) 26.3%, PENN Entertainment (PENN) 52.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FLUT, BYD and PENN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Flutter Entertainment (FLUT) leads on 4. 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.