vs
Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Dexcom (DXCM). Click either name above to swap in a different company.
Dexcom is the larger business by last-quarter revenue ($1.3B vs $663.0M, roughly 1.9× Churchill Downs Inc). Dexcom runs the higher net margin — 21.2% vs 12.5%, a 8.7% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs 3.1%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs -13.7%).
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.
Dexcom, Inc. is an American multinational healthcare company that develops, manufactures, produces and distributes a line of continuous glucose monitoring (CGM) systems for diabetes management. It operates internationally with global headquarters and R&D center in San Diego, California, U.S.A. and manufacturing facilities in Mesa, Arizona, U.S.A.; Batu Kawan, Malaysia and Athenry, County Galway, Ireland.
CHDN vs DXCM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $1.3B |
| Net Profit | $83.0M | $267.3M |
| Gross Margin | — | 62.9% |
| Operating Margin | 21.6% | 25.6% |
| Net Margin | 12.5% | 21.2% |
| Revenue YoY | 3.1% | 21.6% |
| Net Profit YoY | 7.8% | 153.6% |
| EPS (diluted) | $1.16 | $0.67 |
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 | $663.0M | $1.3B | ||
| Q4 25 | $665.9M | $1.3B | ||
| Q3 25 | $683.0M | $1.2B | ||
| Q2 25 | $934.4M | $1.2B | ||
| Q1 25 | $642.6M | $1.0B | ||
| Q4 24 | $624.2M | $1.1B | ||
| Q3 24 | $628.5M | $994.2M | ||
| Q2 24 | $890.7M | $1.0B |
| Q1 26 | $83.0M | $267.3M | ||
| Q4 25 | $51.3M | $267.3M | ||
| Q3 25 | $38.1M | $283.8M | ||
| Q2 25 | $216.9M | $179.8M | ||
| Q1 25 | $76.7M | $105.4M | ||
| Q4 24 | $71.7M | $151.7M | ||
| Q3 24 | $65.4M | $134.6M | ||
| Q2 24 | $209.3M | $143.5M |
| Q1 26 | — | 62.9% | ||
| Q4 25 | — | 62.9% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 59.5% | ||
| Q1 25 | — | 56.9% | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 62.4% |
| Q1 26 | 21.6% | 25.6% | ||
| Q4 25 | 18.5% | 25.6% | ||
| Q3 25 | 14.3% | 20.1% | ||
| Q2 25 | 35.1% | 18.4% | ||
| Q1 25 | 20.9% | 12.9% | ||
| Q4 24 | 20.3% | 17.0% | ||
| Q3 24 | 20.0% | 15.3% | ||
| Q2 24 | 37.0% | 15.7% |
| Q1 26 | 12.5% | 21.2% | ||
| Q4 25 | 7.7% | 21.2% | ||
| Q3 25 | 5.6% | 23.5% | ||
| Q2 25 | 23.2% | 15.5% | ||
| Q1 25 | 11.9% | 10.2% | ||
| Q4 24 | 11.5% | 13.6% | ||
| Q3 24 | 10.4% | 13.5% | ||
| Q2 24 | 23.5% | 14.3% |
| Q1 26 | $1.16 | $0.67 | ||
| Q4 25 | — | $0.67 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.37 | ||
| Q3 24 | — | $0.34 | ||
| Q2 24 | — | $0.35 |
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 | $917.7M |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $2.7B |
| Total Assets | $7.5B | $6.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | $917.7M | ||
| Q4 25 | $200.6M | $917.7M | ||
| Q3 25 | $180.5M | $1.8B | ||
| Q2 25 | $182.4M | $1.2B | ||
| Q1 25 | $174.2M | $904.9M | ||
| Q4 24 | $175.5M | $606.1M | ||
| Q3 24 | $152.7M | $621.2M | ||
| Q2 24 | $140.3M | $939.2M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.0B | $2.6B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $2.4B |
| Q1 26 | $7.5B | $6.3B | ||
| Q4 25 | $7.5B | $6.3B | ||
| Q3 25 | $7.5B | $7.5B | ||
| Q2 25 | $7.4B | $7.3B | ||
| Q1 25 | $7.3B | $6.8B | ||
| Q4 24 | $7.3B | $6.5B | ||
| Q3 24 | $7.2B | $6.4B | ||
| Q2 24 | $7.2B | $6.8B |
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 | — | $294.0M | ||
| Q3 25 | $187.7M | $659.9M | ||
| Q2 25 | — | $303.0M | ||
| Q1 25 | $246.5M | $183.8M | ||
| Q4 24 | — | $301.4M | ||
| Q3 24 | $169.4M | $199.5M | ||
| Q2 24 | — | $279.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $192.1M | ||
| Q3 25 | $166.3M | $579.4M | ||
| Q2 25 | — | $208.9M | ||
| Q1 25 | $233.9M | $96.8M | ||
| Q4 24 | — | $176.8M | ||
| Q3 24 | $154.4M | $88.3M | ||
| Q2 24 | — | $213.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | 24.3% | 47.9% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | 36.4% | 9.3% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 24.6% | 8.9% | ||
| Q2 24 | — | 21.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 8.1% | ||
| Q3 25 | 3.1% | 6.7% | ||
| Q2 25 | 2.0% | 8.1% | ||
| Q1 25 | 2.0% | 8.4% | ||
| Q4 24 | 5.4% | 11.2% | ||
| Q3 24 | 2.4% | 11.2% | ||
| Q2 24 | 2.5% | 6.6% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 1.10× | ||
| Q3 25 | 4.93× | 2.33× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | 3.21× | 1.74× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | 2.59× | 1.48× | ||
| Q2 24 | — | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHDN
| Live and Historical Racing | $297.0M | 45% |
| Gaming | $257.0M | 39% |
| Wagering Services and Solutions | $109.0M | 16% |
DXCM
Segment breakdown not available.
