FLUT vs MGM vs DKNG Stock Comparison

Flutter Entertainment, MGM Resorts International and DraftKings Prices as of Oct 23, 2026 Peers: Industry group
FLUT Flutter Entertainment plc
$80.11 -6.7% 1M -68.1% 1Y
Market cap
$14.02B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
2 wins
MGM MGM Resorts International
$28.03 -25.9% 1M -15.2% 1Y
Market cap
$7.24B
P/E
17.0x
Revenue (TTM)
$17.76B
Div. yield
–
Casinos Consumer Discretionary
7 wins
DKNG DraftKings Inc.
$20.91 -1.6% 1M -39.7% 1Y
Market cap
$10.51B
P/E
–
Revenue (TTM)
$6.22B
Div. yield
–
Sports Betting Consumer Discretionary
1 win

Head to Head

10 decided of 12

MGM Resorts International leads on 7 of the 12 questions below (MGM Resorts International 7, Flutter Entertainment 2, DraftKings 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLUTMGMDKNGLeader
Larger companyMarket capitalisation $14.02B $7.24B $10.51B FLUT
Cheaper on earningsLower P/E, profitable companies only -18.6x 17.0x -63.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.0x 16.0x 209.1x MGM
Faster revenue growthRevenue growth, trailing twelve months +15.2% +3.2% +15.0% FLUT
More profitableNet margin, trailing twelve months -4.4% 2.4% -2.7% MGM
Better return on capitalReturn on invested capital -3.0% 10.6% -15.7% MGM
Less leveragedLower net debt / EBITDA 10.1x 1.7x -3.7x DKNG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -68.1% -15.2% -39.7% MGM
Better 5-year returnAnnualised price return, 5 years -16.5%/yr -10.2%/yr -14.6%/yr MGM
Less volatileAnnualised volatility, 1 year 51.0% 39.1% 53.1% MGM
Higher overall scoreMean of the five percentile scores vs peers 39/100 72/100 52/100 MGM

Percentile Scorecard

FLUTMGMDKNG

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

AxisFLUTMGMDKNG
Valuation 51 #22 of 44 98 #2 of 44 23 #34 of 44
Growth 26 #32 of 43 57 #19 of 43 93 #4 of 43
Profitability 32 #29 of 42 61 #17 of 42 29 #30 of 42
Financial Health 36 #31 of 48 62 #19 of 48 79 #11 of 48
Shareholder Returns 48 #15 of 28 82 #6 of 28 33 #19 of 28
Overall 39 72 52
  • FLUT ranked among 48 companies in Gaming and Leisure
  • MGM ranked among 48 companies in Gaming and Leisure
  • DKNG 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

PeriodFLUTMGMDKNGSPY
1 month -6.7%-25.9%-1.6% -1.0%
3 months -20.9%-38.4%-9.1% +2.9%
6 months -28.2%-29.1%-9.8% +6.4%
Year to date -62.7%-23.2%-39.3% +11.4%
1 year -68.1%-15.2%-39.7% +13.1%
3 years -49.0%-23.5%-28.4% +79.4%
3 years, per year -20.1%-8.6%-10.5% +21.5%
5 years -59.3%-41.6%-54.7% +67.7%
5 years, per year -16.5%-10.2%-14.6% +10.9%
10 years -30.1%+7.4%— +255.2%
10 years, per year -3.5%+0.7%— +13.5%

Risk

MeasureFLUTMGMDKNGSPY
Volatility, 1Y 51.0%39.1%53.1% 12.7%
Downside volatility, 1Y 57.6%35.2%56.4% 12.7%
Beta vs S&P 500, 1Y 0.770.840.74 1.00
Return / volatility, 1Y -1.33-0.39-0.75 1.03
Max drawdown, 5Y -75.9%-49.3%-79.0% -25.4%
From 52-week high -68.1%-44.7%-42.3% -2.5%
52-week high $251.29$50.69$36.24 $779.14
52-week low $74.27$28.03$18.59 $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.

MultipleFLUTMGMDKNG
P/E now vs peer median -18.6xmedian 17.0x 16.7xmedian 17.0x -62.2xmedian 17.0x
P/S now vs peer median 0.8xmedian 1.9x 0.4xmedian 1.9x 3.0xmedian 1.9x
EV/EBITDA now vs peer median 23.7xmedian 10.5x 5.0xmedian 10.5x 165.8xmedian 10.5x
P/FCF now vs peer median 11.2xmedian 11.2x 4.7xmedian 11.2x 28.6xmedian 11.2x
P/B now vs peer median 1.5xmedian 2.5x 2.1xmedian 2.5x 32.6xmedian 2.5x
PEG now vs peer median —median 0.54 0.97median 0.54 -1.27median 0.54

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 monthsFLUTMGMDKNG
Revenue $17.16B $17.76B $6.22B
Gross profit $7.29B $7.84B $2.52B
Operating income -$641.00M $1.02B -$182.46M
Net income -$866.00M $595.10M -$166.90M
Free cash flow $1.24B $1.49B $650.89M
R&D $1.08B – $499.06M
EPS (diluted) $-4.31 $1.65 $-0.34
Cash & equivalents $1.56B $2.55B $983.88M
Total debt $11.98B $6.07B $2.30B
Shares (diluted) 175.00M 257.76M 496.09M
Enterprise value $7.39B -$1.79B $6.17B

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
MetricFLUTMGMDKNG
P/E -18.6x 16.7x -62.2x
P/FCF 11.2x 4.7x 28.6x
P/Operating cash flow 10.5x 2.9x 27.7x
P/S 0.8x 0.4x 3.0x
P/B 1.5x 2.1x 32.6x
P/Tangible book 5.6x 3.3x -69.4x
EV/EBITDA 23.7x 5.0x 165.8x
EV/EBIT -37.9x 10.4x -99.6x
EV/Revenue 1.4x 0.6x 2.9x
EV/FCF 19.6x 7.1x 27.9x
EV/Operating cash flow 18.3x 4.3x 27.1x
PEG (3Y EPS CAGR) – 0.97 -1.27

Growth

14 metrics
MetricFLUTMGMDKNG
Revenue growth (1Y) 15.2% 3.2% 15.0%
Revenue CAGR (3Y) – 6.2% 27.5%
Gross profit growth (1Y) 4.2% 1.4% 18.2%
Gross profit CAGR (3Y) – 3.0% 31.4%
Operating income growth (1Y) -164.9% -27.1% 45.3%
Operating income CAGR (3Y) – 165.5% 45.8%
Net income growth (1Y) -309.2% -28.0% 45.2%
Net income CAGR (3Y) – 135.7% 47.7%
EPS growth (1Y) -310.7% -15.6% 41.5%
EPS CAGR (3Y) – 17.2% 48.9%
Operating cash flow growth (1Y) -10.7% -2.7% 30.6%
Operating cash flow CAGR (3Y) – 5.4% 60.4%
Free cash flow growth (1Y) -7.2% 15.4% 29.7%
Free cash flow CAGR (3Y) – 8.1% 57.4%

Profitability

14 metrics
MetricFLUTMGMDKNG
Gross margin 42.5% 44.2% 40.5%
EBITDA margin 6.0% 12.0% 1.8%
Operating margin -3.7% 5.7% -2.9%
Pretax margin -4.3% 2.8% -2.8%
Net margin -4.4% 2.4% -2.7%
FCF margin 7.2% 8.4% 10.5%
Operating cash flow margin 7.8% 13.9% 10.8%
Return on equity -9.5% 20.2% -29.8%
Return on assets -3.1% 1.7% -4.1%
Return on invested capital -3.0% 10.6% -15.7%
Return on capital employed -2.8% 2.7% -6.7%
Asset turnover 0.6x 0.4x 1.4x
Cash conversion (OCF / net income) -1.5x 4.1x -4.0x
Stock comp / revenue 1.4% 0.5% 5.2%

Financial Health

11 metrics
MetricFLUTMGMDKNG
Debt / assets 42.5% 15.2% 13.4%
Debt / equity 1.3x 1.8x 1.0x
Net debt / EBITDA 10.1x 1.7x -3.7x
Debt / FCF 9.6x 4.1x 0.9x
Liabilities / assets 68.2% 91.5% 86.7%
Equity / assets 31.8% 8.5% 13.3%
Interest coverage – 2.5x –
Current ratio 0.9x 1.3x 1.0x
Quick ratio 0.4x 1.1x 0.7x
Cash ratio 0.3x 0.8x 0.6x
Altman Z-score 1.33 0.76 2.21

Shareholder Returns

7 metrics
MetricFLUTMGMDKNG
Dividend yield – – –
Net buyback yield 5.7% 11.0% 2.5%
Shareholder yield 5.7% 11.0% 2.5%
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.

ConsensusFLUTMGMDKNG
Forward P/E 18.0xFY2026 16.0xFY2026 209.1xFY2026
EPS, next fiscal year $4.46FY2026 $1.75FY2026 $0.10FY2026
EPS growth, next FY -43.8%FY2026 -47.1%FY2026 +900.0%FY2026
EPS growth, the year after +48.7% +9.7% +710.0%
Revenue, next fiscal year $16.93BFY2026 $18.49BFY2026 $6.88BFY2026
Revenue growth, next FY +3.3%FY2026 +5.4%FY2026 +13.7%FY2026
Revenue growth, the year after +18.6% +0.3% +7.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLUTMGMDKNG
Held by institutions – 66.8% 82.3%
Institutions holding – 661 689
Change in shares held, QoQ – +0.0% +5.9%
Institutions buying – 305 307
Institutions selling – 235 250
Buyers to sellers – 1.30 1.23

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.

FLUTMGMDKNG
FLUT 1.00 0.41 0.72
MGM 0.41 1.00 0.39
DKNG 0.72 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FLUT, MGM and DKNG?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Flutter Entertainment (FLUT) $14.02B, MGM Resorts International (MGM) $7.24B, DraftKings (DKNG) $10.51B.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: Flutter Entertainment (FLUT) +15.2%, MGM Resorts International (MGM) +3.2%, DraftKings (DKNG) +15.0%.

Which company is more profitable?

MGM Resorts International (MGM) has the highest net margin (Flutter Entertainment (FLUT) -4.4%, MGM Resorts International (MGM) 2.4%, DraftKings (DKNG) -2.7%). On return on invested capital, MGM Resorts International (MGM) leads (Flutter Entertainment (FLUT) -3.0%, MGM Resorts International (MGM) 10.6%, DraftKings (DKNG) -15.7%).

Which stock has performed better?

Over the past year MGM Resorts International (MGM) returned the most: Flutter Entertainment (FLUT) -68.1%, MGM Resorts International (MGM) -15.2%, DraftKings (DKNG) -39.7%. Over five years, MGM Resorts International (MGM) compounded fastest (Flutter Entertainment (FLUT) -16.5%/yr, MGM Resorts International (MGM) -10.2%/yr, DraftKings (DKNG) -14.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, MGM Resorts International (MGM) has been the steadiest (Flutter Entertainment (FLUT) 51.0%, MGM Resorts International (MGM) 39.1%, DraftKings (DKNG) 53.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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 7. 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.