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Side-by-side financial comparison of Allstate (ALL) and Churchill Downs Inc (CHDN). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($16.9B vs $663.0M, roughly 25.6× Churchill Downs Inc). Allstate runs the higher net margin — 14.5% vs 12.5%, a 2.0% gap on every dollar of revenue. On growth, Churchill Downs Inc posted the faster year-over-year revenue change (3.1% vs 3.0%). Over the past eight quarters, Allstate's revenue compounded faster (3.8% CAGR vs -13.7%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
Churchill Downs Incorporated is the parent company of Churchill Downs. The company has evolved from one racetrack in Louisville, Kentucky, to a multi American-state-wide, publicly traded company with racetracks, casinos and an online wagering company among its portfolio of businesses.
ALL vs CHDN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $16.9B | $663.0M |
| Net Profit | $2.5B | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 18.3% | 21.6% |
| Net Margin | 14.5% | 12.5% |
| Revenue YoY | 3.0% | 3.1% |
| Net Profit YoY | 312.4% | 7.8% |
| EPS (diluted) | $9.25 | $1.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $16.9B | $663.0M | ||
| Q4 25 | $17.3B | $665.9M | ||
| Q3 25 | $17.3B | $683.0M | ||
| Q2 25 | $16.6B | $934.4M | ||
| Q1 25 | $16.5B | $642.6M | ||
| Q4 24 | $16.5B | $624.2M | ||
| Q3 24 | $16.6B | $628.5M | ||
| Q2 24 | $15.7B | $890.7M |
| Q1 26 | $2.5B | $83.0M | ||
| Q4 25 | $3.8B | $51.3M | ||
| Q3 25 | $3.7B | $38.1M | ||
| Q2 25 | $2.1B | $216.9M | ||
| Q1 25 | $595.0M | $76.7M | ||
| Q4 24 | $1.9B | $71.7M | ||
| Q3 24 | $1.2B | $65.4M | ||
| Q2 24 | $331.0M | $209.3M |
| Q1 26 | 18.3% | 21.6% | ||
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 35.1% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | — | 20.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 37.0% |
| Q1 26 | 14.5% | 12.5% | ||
| Q4 25 | 22.1% | 7.7% | ||
| Q3 25 | 21.7% | 5.6% | ||
| Q2 25 | 12.7% | 23.2% | ||
| Q1 25 | 3.6% | 11.9% | ||
| Q4 24 | 11.7% | 11.5% | ||
| Q3 24 | 7.2% | 10.4% | ||
| Q2 24 | 2.1% | 23.5% |
| Q1 26 | $9.25 | $1.16 | ||
| Q4 25 | $14.24 | — | ||
| Q3 25 | $13.95 | — | ||
| Q2 25 | $7.76 | — | ||
| Q1 25 | $2.11 | — | ||
| Q4 24 | $7.07 | — | ||
| Q3 24 | $4.33 | — | ||
| Q2 24 | $1.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $200.0M |
| Total DebtLower is stronger | — | $840.0M |
| Stockholders' EquityBook value | $31.6B | — |
| Total Assets | $124.0B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $200.0M | ||
| Q4 25 | $4.9B | $200.6M | ||
| Q3 25 | $8.7B | $180.5M | ||
| Q2 25 | $9.6B | $182.4M | ||
| Q1 25 | $6.5B | $174.2M | ||
| Q4 24 | $4.5B | $175.5M | ||
| Q3 24 | $7.0B | $152.7M | ||
| Q2 24 | $5.3B | $140.3M |
| Q1 26 | — | $840.0M | ||
| Q4 25 | $7.5B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $1.0B | ||
| Q3 25 | $27.5B | $1.0B | ||
| Q2 25 | $24.0B | $1.0B | ||
| Q1 25 | $22.1B | $1.1B | ||
| Q4 24 | $21.4B | $1.1B | ||
| Q3 24 | $20.9B | $1.1B | ||
| Q2 24 | $18.6B | $1.0B |
| Q1 26 | $124.0B | $7.5B | ||
| Q4 25 | $119.8B | $7.5B | ||
| Q3 25 | $120.4B | $7.5B | ||
| Q2 25 | $115.9B | $7.4B | ||
| Q1 25 | $115.2B | $7.3B | ||
| Q4 24 | $111.6B | $7.3B | ||
| Q3 24 | $113.7B | $7.2B | ||
| Q2 24 | $108.4B | $7.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $295.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $295.0M | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.3B | $187.7M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | $246.5M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.2B | $169.4M | ||
| Q2 24 | $2.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $3.2B | $166.3M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $233.9M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.1B | $154.4M | ||
| Q2 24 | $2.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 18.8% | 24.3% | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 11.4% | 36.4% | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 18.9% | 24.6% | ||
| Q2 24 | 14.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 0.3% | 3.1% | ||
| Q2 25 | 0.0% | 2.0% | ||
| Q1 25 | 0.6% | 2.0% | ||
| Q4 24 | 0.3% | 5.4% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.4% | 2.5% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 0.78× | — | ||
| Q3 25 | 0.88× | 4.93× | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 3.30× | 3.21× | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 2.69× | 2.59× | ||
| Q2 24 | 7.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
| Property and casualty insurance premiums | $15.6B | 92% |
| Other revenue | $719.0M | 4% |
| Other | $533.0M | 3% |
| Accident and health insurance premiums and contract charges | $136.0M | 1% |
CHDN
| Live and Historical Racing | $297.0M | 45% |
| Gaming | $257.0M | 39% |
| Wagering Services and Solutions | $109.0M | 16% |
