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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $663.0M, roughly 1.9× Churchill Downs Inc). Churchill Downs Inc runs the higher net margin — 12.5% vs 6.5%, a 6.0% gap on every dollar of revenue. On growth, Evergy posted the faster year-over-year revenue change (5.3% vs 3.1%). Over the past eight quarters, Evergy's revenue compounded faster (0.4% 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.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
CHDN vs EVRG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $1.3B |
| Net Profit | $83.0M | $84.3M |
| Gross Margin | — | — |
| Operating Margin | 21.6% | 18.5% |
| Net Margin | 12.5% | 6.5% |
| Revenue YoY | 3.1% | 5.3% |
| Net Profit YoY | 7.8% | 7.8% |
| EPS (diluted) | $1.16 | $0.35 |
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 | $1.3B | ||
| Q3 25 | $683.0M | $1.8B | ||
| Q2 25 | $934.4M | $1.4B | ||
| Q1 25 | $642.6M | $1.3B | ||
| Q4 24 | $624.2M | $1.2B | ||
| Q3 24 | $628.5M | $1.8B | ||
| Q2 24 | $890.7M | $1.4B |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $84.3M | ||
| Q3 25 | $38.1M | $475.0M | ||
| Q2 25 | $216.9M | $171.3M | ||
| Q1 25 | $76.7M | $125.0M | ||
| Q4 24 | $71.7M | $78.2M | ||
| Q3 24 | $65.4M | $465.6M | ||
| Q2 24 | $209.3M | $207.0M |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 18.5% | ||
| Q3 25 | 14.3% | 37.3% | ||
| Q2 25 | 35.1% | 25.4% | ||
| Q1 25 | 20.9% | 22.5% | ||
| Q4 24 | 20.3% | 18.1% | ||
| Q3 24 | 20.0% | 35.1% | ||
| Q2 24 | 37.0% | 25.4% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 6.5% | ||
| Q3 25 | 5.6% | 26.9% | ||
| Q2 25 | 23.2% | 12.6% | ||
| Q1 25 | 11.9% | 9.7% | ||
| Q4 24 | 11.5% | 6.4% | ||
| Q3 24 | 10.4% | 26.0% | ||
| Q2 24 | 23.5% | 14.7% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $0.35 | ||
| Q3 25 | — | $2.03 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $0.54 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $2.02 | ||
| Q2 24 | — | $0.90 |
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 | $19.8M |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $10.2B |
| Total Assets | $7.5B | $33.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $19.8M | ||
| Q3 25 | $180.5M | $27.5M | ||
| Q2 25 | $182.4M | $27.8M | ||
| Q1 25 | $174.2M | $35.3M | ||
| Q4 24 | $175.5M | $22.0M | ||
| Q3 24 | $152.7M | $34.6M | ||
| Q2 24 | $140.3M | $26.1M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $10.2B | ||
| Q3 25 | $1.0B | $10.3B | ||
| Q2 25 | $1.0B | $10.0B | ||
| Q1 25 | $1.1B | $9.9B | ||
| Q4 24 | $1.1B | $10.0B | ||
| Q3 24 | $1.1B | $10.0B | ||
| Q2 24 | $1.0B | $9.7B |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $33.9B | ||
| Q3 25 | $7.5B | $33.4B | ||
| Q2 25 | $7.4B | $32.9B | ||
| Q1 25 | $7.3B | $32.5B | ||
| Q4 24 | $7.3B | $32.3B | ||
| Q3 24 | $7.2B | $32.1B | ||
| Q2 24 | $7.2B | $31.8B |
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 | $334.0M |
| Free Cash FlowOCF − Capex | — | $-530.5M |
| FCF MarginFCF / Revenue | — | -41.1% |
| Capex IntensityCapex / Revenue | — | 66.9% |
| Cash ConversionOCF / Net Profit | 3.55× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $334.0M | ||
| Q3 25 | $187.7M | $937.7M | ||
| Q2 25 | — | $323.9M | ||
| Q1 25 | $246.5M | $449.6M | ||
| Q4 24 | — | $395.6M | ||
| Q3 24 | $169.4M | $953.3M | ||
| Q2 24 | — | $317.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-530.5M | ||
| Q3 25 | $166.3M | $225.4M | ||
| Q2 25 | — | $-303.4M | ||
| Q1 25 | $233.9M | $-143.2M | ||
| Q4 24 | — | $-118.6M | ||
| Q3 24 | $154.4M | $427.0M | ||
| Q2 24 | — | $-360.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -41.1% | ||
| Q3 25 | 24.3% | 12.8% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | 36.4% | -11.1% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | 24.6% | 23.9% | ||
| Q2 24 | — | -25.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 66.9% | ||
| Q3 25 | 3.1% | 40.4% | ||
| Q2 25 | 2.0% | 46.3% | ||
| Q1 25 | 2.0% | 45.8% | ||
| Q4 24 | 5.4% | 41.9% | ||
| Q3 24 | 2.4% | 29.4% | ||
| Q2 24 | 2.5% | 48.1% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 3.96× | ||
| Q3 25 | 4.93× | 1.97× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | 3.21× | 3.60× | ||
| Q4 24 | — | 5.06× | ||
| Q3 24 | 2.59× | 2.05× | ||
| Q2 24 | — | 1.53× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
