Caesars Entertainment
CZR · Casinos & Gaming
$28.80
0.9%Flutter Entertainment
FLUT · Casinos & Gaming
$80.09
2.0%The short version
- Flutter Entertainment is the larger business, with $16.4B of revenue in fiscal 2025 against $11.5B for Caesars Entertainment.
- Flutter Entertainment grew revenue faster (16.6%, against 2.1%).
- Caesars Entertainment kept more of each dollar of sales as operating profit (16.2% operating margin, against 0.2% operating margin).
- Flutter Entertainment turned more of its sales into free cash flow (6.6% FCF margin, against 4.3% FCF margin).
- Caesars Entertainment earned a higher return on the capital invested in it (9.6%, against 0.2%).
| Latest fiscal year | CZR · FY25 | FLUT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $14.0B |
| Revenue | $11.5B | $16.4B |
| Free cash flow | $497M | $1.1B |
| Net income | −$502M | −$310M |
| Growth | ||
| Revenue growth | 2.1% | 16.6% |
| 5-year growth | 25.9% | 51.9% |
| Share count change | −3.3% | −1.7% |
| Profitability | ||
| Gross margin | — | 45.2% |
| Operating margin | 16.2% | 0.2% |
| Net margin | −4.4% | −1.9% |
| FCF margin | 4.3% | 6.6% |
| Return on capital | 9.6% | 0.2% |
| Return on equity | −13.1% | −3.4% |
| Balance sheet | ||
| Net debt | $11.2B | $10.4B |
| Net debt / EBITDA | 3.4x | 6.7x |
| Dividends and buybacks | $229M | $1.1B |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 6 | 5 |
FY16
CZR $893M
FLUT $1.2B
FY17
CZR $1.5B
FLUT $1.3B
FY18
CZR $2.1B
FLUT $2.0B
FY19
CZR $2.5B
FLUT $2.5B
FY20
CZR $3.6B
FLUT —
FY21
CZR $9.6B
FLUT —
FY22
CZR $10.8B
FLUT $9.5B
FY23
CZR $11.5B
FLUT $11.8B
FY24
CZR $11.2B
FLUT $14.0B
FY25
CZR $11.5B
FLUT $16.4B
CZR
FLUT
FY16
CZR 9.9%
FLUT —
FY17
CZR 6.4%
FLUT 34.1%
FY18
CZR 15.1%
FLUT 12.8%
FY19
CZR 16.2%
FLUT 10.5%
FY20
CZR −10.6%
FLUT —
FY21
CZR 15.3%
FLUT —
FY22
CZR 16.1%
FLUT −0.9%
FY23
CZR 21.4%
FLUT −4.7%
FY24
CZR 20.5%
FLUT 6.2%
FY25
CZR 16.2%
FLUT 0.2%
CZR
FLUT
FY16
CZR $52.2M
FLUT $343M
FY17
CZR $46.7M
FLUT $484M
FY18
CZR $176M
FLUT $526M
FY19
CZR $142M
FLUT $643M
FY20
CZR −$725M
FLUT —
FY21
CZR $679M
FLUT —
FY22
CZR $41.0M
FLUT $1.0B
FY23
CZR $545M
FLUT $778M
FY24
CZR −$221M
FLUT $1.5B
FY25
CZR $497M
FLUT $1.1B
CZR
FLUT
FY16
CZR 5.5%
FLUT —
FY17
CZR 3.7%
FLUT 9.9%
FY18
CZR 6.2%
FLUT 3.2%
FY19
CZR 6.6%
FLUT 3.0%
FY20
CZR −2.7%
FLUT —
FY21
CZR 6.4%
FLUT —
FY22
CZR 8.2%
FLUT —
FY23
CZR 12.2%
FLUT —
FY24
CZR 11.3%
FLUT 5.8%
FY25
CZR 9.6%
FLUT 0.2%
CZR
FLUT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.