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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Everus Construction Group, Inc. (ECG). Click either name above to swap in a different company.
Everus Construction Group, Inc. is the larger business by last-quarter revenue ($1.0B vs $663.0M, roughly 1.5× Churchill Downs Inc). Churchill Downs Inc runs the higher net margin — 12.5% vs 5.5%, a 7.1% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 3.1%). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% 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.
CHDN vs ECG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $1.0B |
| Net Profit | $83.0M | $55.3M |
| Gross Margin | — | 11.6% |
| Operating Margin | 21.6% | 6.8% |
| Net Margin | 12.5% | 5.5% |
| Revenue YoY | 3.1% | 33.2% |
| Net Profit YoY | 7.8% | 60.4% |
| EPS (diluted) | $1.16 | $1.09 |
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 | — | ||
| Q4 25 | $665.9M | $1.0B | ||
| Q3 25 | $683.0M | $986.8M | ||
| Q2 25 | $934.4M | $921.5M | ||
| Q1 25 | $642.6M | $826.6M | ||
| Q4 24 | $624.2M | $759.6M | ||
| Q3 24 | $628.5M | $761.0M | ||
| Q2 24 | $890.7M | $703.4M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $55.3M | ||
| Q3 25 | $38.1M | $57.0M | ||
| Q2 25 | $216.9M | $52.8M | ||
| Q1 25 | $76.7M | $36.7M | ||
| Q4 24 | $71.7M | $34.5M | ||
| Q3 24 | $65.4M | $41.8M | ||
| Q2 24 | $209.3M | $39.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 11.8% | ||
| Q2 24 | — | 12.6% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 6.8% | ||
| Q3 25 | 14.3% | 7.3% | ||
| Q2 25 | 35.1% | 7.9% | ||
| Q1 25 | 20.9% | 6.2% | ||
| Q4 24 | 20.3% | 6.1% | ||
| Q3 24 | 20.0% | 7.1% | ||
| Q2 24 | 37.0% | 7.3% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 5.5% | ||
| Q3 25 | 5.6% | 5.8% | ||
| Q2 25 | 23.2% | 5.7% | ||
| Q1 25 | 11.9% | 4.4% | ||
| Q4 24 | 11.5% | 4.5% | ||
| Q3 24 | 10.4% | 5.5% | ||
| Q2 24 | 23.5% | 5.5% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.09 | ||
| Q3 25 | — | $1.11 | ||
| Q2 25 | — | $1.03 | ||
| Q1 25 | — | $0.72 | ||
| Q4 24 | — | $0.68 | ||
| Q3 24 | — | $0.82 | ||
| Q2 24 | — | $0.76 |
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 | $281.5M |
| Stockholders' EquityBook value | — | $629.8M |
| Total Assets | $7.5B | $1.7B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | — | ||
| Q3 25 | $180.5M | — | ||
| Q2 25 | $182.4M | — | ||
| Q1 25 | $174.2M | — | ||
| Q4 24 | $175.5M | — | ||
| Q3 24 | $152.7M | $553.0K | ||
| Q2 24 | $140.3M | — |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $281.5M | ||
| Q3 25 | — | $285.1M | ||
| Q2 25 | — | $288.6M | ||
| Q1 25 | — | $292.1M | ||
| Q4 24 | — | $295.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $629.8M | ||
| Q3 25 | $1.0B | $573.0M | ||
| Q2 25 | $1.0B | $514.4M | ||
| Q1 25 | $1.1B | $460.2M | ||
| Q4 24 | $1.1B | $422.6M | ||
| Q3 24 | $1.1B | $453.3M | ||
| Q2 24 | $1.0B | $490.0M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $1.7B | ||
| Q3 25 | $7.5B | $1.6B | ||
| Q2 25 | $7.4B | $1.5B | ||
| Q1 25 | $7.3B | $1.4B | ||
| Q4 24 | $7.3B | $1.3B | ||
| Q3 24 | $7.2B | $1.3B | ||
| Q2 24 | $7.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $48.2M |
| Free Cash FlowOCF − Capex | — | $23.5M |
| FCF MarginFCF / Revenue | — | 2.3% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 3.55× | 0.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $48.2M | ||
| Q3 25 | $187.7M | $76.2M | ||
| Q2 25 | — | $25.3M | ||
| Q1 25 | $246.5M | $7.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $169.4M | $78.9M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $23.5M | ||
| Q3 25 | $166.3M | $65.7M | ||
| Q2 25 | — | $12.3M | ||
| Q1 25 | $233.9M | $-11.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $154.4M | $60.9M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 24.3% | 6.7% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | 36.4% | -1.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.6% | 8.0% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.4% | ||
| Q3 25 | 3.1% | 1.1% | ||
| Q2 25 | 2.0% | 1.4% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 2.5% | — |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | 4.93× | 1.34× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | 3.21× | 0.19× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.59× | 1.89× | ||
| Q2 24 | — | — |
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% |
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
