RSI vs SGHC: Rush Street Interactive and SGHC Limited compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- SGHC Limited is the larger company, worth $6.0B, about 1.3 times Rush Street Interactive.
- Rush Street Interactive grew revenue faster over the last year (+46.3% vs +18.2%).
- On earnings, SGHC Limited is the cheaper stock (24.6x vs 57.6x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | RSI | SGHC |
|---|---|---|
| Market cap | $4.5B | $6.0B |
| Share price | $18.90 | $11.29 |
| Revenue (last fiscal year) | $1.1B | $1.7B |
| Free cash flow (last fiscal year) | $136M | $193M |
| Revenue growth, last year | +46.3% | +18.2% |
| Revenue growth per year, last 5 fiscal years | +23.5% | +16.9% |
| Operating margin | 10.0% | — |
| Net margin | 2.3% | 6.7% |
| Return on equity | 17.2% | 20.3% |
| P/E (trailing) | 57.6x | 24.6x |
| Price / free cash flow | 27.6x | 18.4x |
| EV / EBITDA | 3.10x | 14.0x |
| FCF growth the price implies | 11.7% | — |
| Dividend yield | — | — |
| Debt / equity | 2.46x | 0.89x |
| Fundamental grade | C | C |
| Superinvestors holding it | 1 | 1 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Rush Street Interactive
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $488M | -$56M | -19.3% |
| 2022 | $592M | -$81M | -21.1% |
| 2023 | $691M | -$30M | -7.5% |
| 2024 | $924M | $81M | 2.7% |
| 2025 | $1.1B | $136M | 7.7% |
SGHC Limited
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $908M | $139M | 13.8% |
| 2021 | $1.3B | $183M | 17.1% |
| 2022 | $1.3B | $139M | 16.8% |
| 2023 | $1.4B | $79M | 1.2% |
| 2024 | $1.7B | $193M | — |
Where the revenue comes from
Rush Street Interactive · by products, 2025
Online casino and online sports betting$1.1B99%
Social gaming$5M0%
Retail sports betting$2M0%
SGHC Limited · by segments, 2025
Betway$1.4B62%
Spin$850M38%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open RSI in InvestinglyQuestions
Which is bigger, Rush Street Interactive or SGHC Limited?
SGHC Limited (SGHC), at $6.0B against $4.5B.
Is RSI or SGHC cheaper?
By trailing P/E, SGHC Limited (24.6x) is cheaper than Rush Street Interactive (57.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, RSI or SGHC?
Rush Street Interactive: revenue grew +46.3% over the last year, against +18.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.