FLUT vs. MSGS

Last updated Apr 1, 2026

Compare and contrast key facts about Flutter Entertainment PLC (FLUT) and Madison Square Garden Sports Corp. (MSGS).

Performance

FLUT vs. MSGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flutter Entertainment PLC (FLUT) and Madison Square Garden Sports Corp. (MSGS). The values are adjusted to include any dividend payments, if applicable.

FLUT vs. MSGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLUT Flutter Entertainment PLC	-52.59%	-16.80%	44.39%	32.84%	-14.44%	-23.51%	79.04%	51.44%	-32.00%	23.91%
MSGS Madison Square Garden Sports Corp.	24.26%	14.61%	24.12%	-0.82%	10.47%	-5.63%	23.03%	9.90%	26.96%	-1.59%

Fundamentals

EPS FLUT : -$2.71 MSGS : -$0.69
PS Ratio FLUT : 0.74 MSGS : 7.25
Total Revenue (TTM) FLUT : $16.38B MSGS : $1.07B
Gross Profit (TTM) FLUT : $7.40B MSGS : $277.75M
EBITDA (TTM) FLUT : $1.53B MSGS : $19.18M

Returns By Period

In the year-to-date period, FLUT achieves a -52.59% return, which is significantly lower than MSGS's 24.26% return.

FLUT

• 1D: 2.46%
• 1M: -3.95%
• YTD: -52.59%
• 6M: -59.86%
• 1Y: -53.98%
• 3Y*: -17.51%
• 5Y*: -13.86%
• 10Y*: —

MSGS

• 1D: 2.77%
• 1M: -3.09%
• YTD: 24.26%
• 6M: 41.59%
• 1Y: 65.06%
• 3Y*: 18.15%
• 5Y*: 12.95%
• 10Y*: 14.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FLUT vs. MSGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLUT

FLUT Risk / Return Rank: 4
FLUT Sharpe Ratio Rank: 1
FLUT Sortino Ratio Rank: 3
FLUT Omega Ratio Rank: 3
FLUT Calmar Ratio Rank: 12
FLUT Martin Ratio Rank: 3

MSGS

MSGS Risk / Return Rank: 93
MSGS Sharpe Ratio Rank: 92
MSGS Sortino Ratio Rank: 93
MSGS Omega Ratio Rank: 92
MSGS Calmar Ratio Rank: 95
MSGS Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLUT vs. MSGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flutter Entertainment PLC (FLUT) and Madison Square Garden Sports Corp. (MSGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FLUT	MSGS	Difference
Sharpe ratio Return per unit of total volatility	-1.27	2.13	-3.40
Sortino ratio Return per unit of downside risk	-1.90	3.20	-5.10
Omega ratio Gain probability vs. loss probability	0.74	1.42	-0.68
Calmar ratio Return relative to maximum drawdown	-0.82	5.47	-6.29
Martin ratio Return relative to average drawdown	-1.82	13.99	-15.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLUT vs. MSGS - Sharpe Ratio Comparison

The current FLUT Sharpe Ratio is -1.27, which is lower than the MSGS Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FLUT and MSGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLUT	MSGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.27	2.13	-3.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.52	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.47	-0.43

Correlation

The correlation between FLUT and MSGS is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLUT vs. MSGS - Dividend Comparison

Neither FLUT nor MSGS has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
FLUT Flutter Entertainment PLC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.75%
MSGS Madison Square Garden Sports Corp.	0.00%	0.00%	0.00%	0.00%	3.82%	0.00%	36.97%	0.00%

Drawdowns

FLUT vs. MSGS - Drawdown Comparison

The maximum FLUT drawdown since its inception was -67.76%, which is greater than MSGS's maximum drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for FLUT and MSGS.

Drawdown Indicators

	FLUT	MSGS	Difference
Max Drawdown Largest peak-to-trough decline	-67.76%	-41.57%	-26.19%
Max Drawdown (1Y) Largest decline over 1 year	-67.76%	-11.86%	-55.90%
Max Drawdown (5Y) Largest decline over 5 years	-67.76%	-31.96%	-35.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.57%	—
Current Drawdown Current decline from peak	-66.96%	-5.96%	-61.00%
Average Drawdown Average peak-to-trough decline	-22.56%	-10.72%	-11.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.53%	4.63%	+25.90%

Volatility

FLUT vs. MSGS - Volatility Comparison

Flutter Entertainment PLC (FLUT) has a higher volatility of 11.73% compared to Madison Square Garden Sports Corp. (MSGS) at 5.91%. This indicates that FLUT's price experiences larger fluctuations and is considered to be riskier than MSGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLUT	MSGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.73%	5.91%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	35.69%	23.67%	+12.02%
Volatility (1Y) Calculated over the trailing 1-year period	42.85%	30.69%	+12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.98%	25.21%	+18.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.86%	31.38%	+15.48%

Financials

FLUT vs. MSGS - Profitability Comparison

The chart below illustrates the profitability comparison between Flutter Entertainment PLC and Madison Square Garden Sports Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FLUT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Flutter Entertainment PLC reported a gross profit of 2.11B and revenue of 4.74B. Therefore, the gross margin over that period was 44.5%.

MSGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Madison Square Garden Sports Corp. reported a gross profit of 92.04M and revenue of 403.42M. Therefore, the gross margin over that period was 22.8%.

FLUT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Flutter Entertainment PLC reported an operating income of -522.00M and revenue of 4.74B, resulting in an operating margin of -11.0%.

MSGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Madison Square Garden Sports Corp. reported an operating income of 22.18M and revenue of 403.42M, resulting in an operating margin of 5.5%.

FLUT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Flutter Entertainment PLC reported a net income of 10.00M and revenue of 4.74B, resulting in a net margin of 0.2%.

MSGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Madison Square Garden Sports Corp. reported a net income of 8.24M and revenue of 403.42M, resulting in a net margin of 2.0%.