FLUT vs DDI vs CHDN Stock Comparison

Flutter Entertainment, DoubleDown Interactive and Churchill Downs Prices as of Oct 26, 2026 Peers: Industry group
FLUT Flutter Entertainment plc
$80.18 -4.1% 1M -67.1% 1Y
Market cap
$13.71B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
2 wins
CHDN Churchill Downs Inc
$84.04 +5.4% 1M -16.8% 1Y
Market cap
$5.70B
P/E
13.8x
Revenue (TTM)
$2.99B
Div. yield
–
Casinos Consumer Discretionary

Head to Head

11 decided of 12

DoubleDown Interactive leads on 9 of the 12 questions below (DoubleDown Interactive 9, Flutter Entertainment 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLUTDDICHDNLeader
Larger companyMarket capitalisation $13.71B $673.93M $5.70B FLUT
Cheaper on earningsLower P/E, profitable companies only -18.2x 5.4x 13.8x DDI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.2x 5.4x 12.0x DDI
Faster revenue growthRevenue growth, trailing twelve months +15.2% +14.0% +5.7% FLUT
More profitableNet margin, trailing twelve months -4.4% 32.9% 13.8% DDI
Better return on capitalReturn on invested capital -3.0% 10.0% 8.4% DDI
Less leveragedLower net debt / EBITDA 10.1x -3.6x 4.8x DDI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -67.1% +54.2% -16.8% DDI
Better 5-year returnAnnualised price return, 5 years -16.4%/yr -4.2%/yr -7.7%/yr DDI
Less volatileAnnualised volatility, 1 year 51.1% 32.1% 34.2% DDI
Higher overall scoreMean of the five percentile scores vs peers 42/100 87/100 51/100 DDI

Percentile Scorecard

FLUTDDICHDN

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

AxisFLUTDDICHDN
Valuation 54 #21 of 44 96 #7 of 167 61 #18 of 44
Growth 21 #34 of 43 68 #50 of 153 69 #14 of 43
Profitability 33 #28 of 41 90 #17 of 153 83 #8 of 41
Financial Health 39 #29 of 47 95 #10 of 179 20 #38 of 47
Shareholder Returns 63 #11 of 28 – 22 #22 of 28
Overall 42 87 51
  • FLUT ranked among 48 companies in Gaming and Leisure
  • DDI ranked among 185 companies in Internet Platforms
  • CHDN 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

PeriodFLUTDDICHDNSPY
1 month -4.1%+4.8%+5.4% -0.8%
3 months -24.2%+17.4%-4.7% +3.5%
6 months -27.7%+48.2%-16.3% +7.0%
Year to date -62.7%+57.8%-26.1% +12.2%
1 year -67.1%+54.2%-16.8% +13.0%
3 years -48.3%+71.1%-22.5% +86.3%
3 years, per year -19.7%+19.6%-8.2% +23.1%
5 years -59.1%-19.4%-32.9% +68.6%
5 years, per year -16.4%-4.2%-7.7% +11.0%
10 years -30.0%—+261.5% +258.0%
10 years, per year -3.5%—+13.7% +13.6%

Risk

MeasureFLUTDDICHDNSPY
Volatility, 1Y 51.1%32.1%34.2% 12.7%
Downside volatility, 1Y 57.7%27.1%34.4% 12.7%
Beta vs S&P 500, 1Y 0.780.600.50 1.00
Return / volatility, 1Y -1.311.69-0.49 1.02
Max drawdown, 5Y -75.9%-56.9%-50.4% -25.4%
From 52-week high -67.2%-1.9%-28.5% -1.8%
52-week high $244.54$13.88$117.59 $779.14
52-week low $74.27$8.25$73.95 $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.

MultipleFLUTDDICHDN
P/E now vs peer median -18.6xmedian 17.1x 5.4xmedian 17.5x 14.2xmedian 17.1x
P/S now vs peer median 0.8xmedian 1.9x 1.8xmedian 1.4x 2.0xmedian 1.9x
EV/EBITDA now vs peer median 23.7xmedian 10.9x 1.0xmedian 14.5x 11.0xmedian 10.9x
P/FCF now vs peer median 11.2xmedian 11.4x 4.6xmedian 12.1x 10.3xmedian 11.4x
P/B now vs peer median 1.5xmedian 2.5x 0.7xmedian 1.7x 4.4xmedian 2.5x
PEG now vs peer median —median 0.57 0.14median 0.41 1.70median 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 monthsFLUTDDICHDN
Revenue $17.16B $380.04M $2.99B
Gross profit $7.29B $278.82M $1.02B
Operating income -$641.00M $136.83M $721.50M
Net income -$866.00M $125.14M $415.70M
Free cash flow $1.24B $146.82M $567.90M
R&D $1.08B $13.81M –
EPS (diluted) $-4.31 $2.52 $5.91
Cash & equivalents $1.56B $455.22M $196.00M
Total debt $11.98B $32.44M $4.77B
Shares (diluted) 175.00M 49.55M 70.00M
Enterprise value $7.08B -$1.34B $4.92B

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
MetricFLUTDDICHDN
P/E -18.6x 5.4x 14.2x
P/FCF 11.2x 4.6x 10.3x
P/Operating cash flow 10.5x 4.6x 7.4x
P/S 0.8x 1.8x 2.0x
P/B 1.5x 0.7x 4.4x
P/Tangible book 5.6x 0.7x -5.0x
EV/EBITDA 23.7x 1.0x 11.0x
EV/EBIT -38.0x 1.1x 14.5x
EV/Revenue 1.4x 0.4x 3.5x
EV/FCF 19.6x 1.0x 18.4x
EV/Operating cash flow 18.3x 1.0x 13.1x
PEG (3Y EPS CAGR) – 0.14 1.70

Growth

14 metrics
MetricFLUTDDICHDN
Revenue growth (1Y) 15.2% 14.0% 5.7%
Revenue CAGR (3Y) – 7.3% 10.9%
Gross profit growth (1Y) 4.2% 18.1% 8.0%
Gross profit CAGR (3Y) – 10.9% 13.2%
Operating income growth (1Y) -164.9% 4.0% 1.0%
Operating income CAGR (3Y) – 37.1% 19.7%
Net income growth (1Y) -309.2% 17.3% -4.1%
Net income CAGR (3Y) – 39.8% 5.2%
EPS growth (1Y) -310.7% 17.6% -1.0%
EPS CAGR (3Y) – 39.8% 8.4%
Operating cash flow growth (1Y) -10.7% 6.0% 1.0%
Operating cash flow CAGR (3Y) – 82.2% 14.3%
Free cash flow growth (1Y) -7.2% 6.6% 54.7%
Free cash flow CAGR (3Y) – 81.8% 160.6%

Profitability

14 metrics
MetricFLUTDDICHDN
Gross margin 42.5% 73.4% 34.2%
EBITDA margin 6.0% 38.6% 31.8%
Operating margin -3.7% 36.0% 24.1%
Pretax margin -4.3% 43.0% 19.6%
Net margin -4.4% 32.9% 13.8%
FCF margin 7.2% 38.6% 19.0%
Operating cash flow margin 7.8% 38.7% 26.6%
Return on equity -9.5% 12.6% 34.1%
Return on assets -3.1% 11.5% 5.5%
Return on invested capital -3.0% 10.0% 8.4%
Return on capital employed -2.8% 13.0% 11.7%
Asset turnover 0.6x 0.3x 0.4x
Cash conversion (OCF / net income) -1.5x 1.2x 1.9x
Stock comp / revenue 1.4% – 1.1%

Financial Health

11 metrics
MetricFLUTDDICHDN
Debt / assets 42.5% 2.9% 63.5%
Debt / equity 1.3x 0.0x 3.6x
Net debt / EBITDA 10.1x -3.6x 4.8x
Debt / FCF 9.6x 0.2x 8.4x
Liabilities / assets 68.2% 8.3% 82.2%
Equity / assets 31.8% 91.7% 17.8%
Interest coverage – 112.1x 2.5x
Current ratio 0.9x 18.7x 0.4x
Quick ratio 0.4x 18.6x 0.2x
Cash ratio 0.3x 17.3x 0.1x
Altman Z-score 1.33 6.62 1.39

Shareholder Returns

7 metrics
MetricFLUTDDICHDN
Dividend yield – – 0.5%
Net buyback yield 5.7% – 1.5%
Shareholder yield 5.7% 0.0% 2.0%
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.

ConsensusFLUTDDICHDN
Forward P/E 18.2xFY2026 5.4xFY2026 12.0xFY2026
EPS, next fiscal year $4.40FY2026 $2.51FY2026 $7.03FY2026
EPS growth, next FY -44.6%FY2026 +21.3%FY2026 +14.7%FY2026
EPS growth, the year after +49.8% -7.6% -3.0%
Revenue, next fiscal year $16.91BFY2026 $349.27MFY2026 $3.17BFY2026
Revenue growth, next FY +3.2%FY2026 -3.0%FY2026 +8.2%FY2026
Revenue growth, the year after +18.3% +3.8% +1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLUTDDICHDN
Held by institutions – 19.0% 85.5%
Institutions holding – 51 462
Change in shares held, QoQ – +15.4% +7.5%
Institutions buying – 38 239
Institutions selling – 11 146
Buyers to sellers – 3.45 1.64

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.

FLUTDDICHDN
FLUT 1.00 0.15 0.33
DDI 0.15 1.00 0.07
CHDN 0.33 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FLUT, DDI and CHDN?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Flutter Entertainment (FLUT) $13.71B, DoubleDown Interactive (DDI) $673.93M, Churchill Downs (CHDN) $5.70B.

Which stock is cheaper, FLUT, DDI and CHDN?

DoubleDown Interactive (DDI) trades on the lowest price-to-earnings ratio (Flutter Entertainment (FLUT) -18.2x, DoubleDown Interactive (DDI) 5.4x, Churchill Downs (CHDN) 13.8x). On next year's consensus earnings, DoubleDown Interactive (DDI) is cheapest (Flutter Entertainment (FLUT) 18.2x, DoubleDown Interactive (DDI) 5.4x, Churchill Downs (CHDN) 12.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: Flutter Entertainment (FLUT) +15.2%, DoubleDown Interactive (DDI) +14.0%, Churchill Downs (CHDN) +5.7%.

Which company is more profitable?

DoubleDown Interactive (DDI) has the highest net margin (Flutter Entertainment (FLUT) -4.4%, DoubleDown Interactive (DDI) 32.9%, Churchill Downs (CHDN) 13.8%). On return on invested capital, DoubleDown Interactive (DDI) leads (Flutter Entertainment (FLUT) -3.0%, DoubleDown Interactive (DDI) 10.0%, Churchill Downs (CHDN) 8.4%).

Which stock has performed better?

Over the past year DoubleDown Interactive (DDI) returned the most: Flutter Entertainment (FLUT) -67.1%, DoubleDown Interactive (DDI) +54.2%, Churchill Downs (CHDN) -16.8%. Over five years, DoubleDown Interactive (DDI) compounded fastest (Flutter Entertainment (FLUT) -16.4%/yr, DoubleDown Interactive (DDI) -4.2%/yr, Churchill Downs (CHDN) -7.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, DoubleDown Interactive (DDI) has been the steadiest (Flutter Entertainment (FLUT) 51.1%, DoubleDown Interactive (DDI) 32.1%, Churchill Downs (CHDN) 34.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FLUT, DDI and CHDN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, DoubleDown Interactive (DDI) leads on 9. 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.