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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Gen Digital (GEN). Click either name above to swap in a different company.
Gen Digital is the larger business by last-quarter revenue ($1.2B vs $663.0M, roughly 1.9× Churchill Downs Inc). Gen Digital runs the higher net margin — 15.5% vs 12.5%, a 3.0% gap on every dollar of revenue. On growth, Gen Digital posted the faster year-over-year revenue change (28.5% vs 3.1%). Over the past eight quarters, Gen Digital's revenue compounded faster (13.2% 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.
Gen Digital Inc. is a multinational software company co-headquartered in both Tempe, Arizona (USA) and Prague, Czech Republic (EU). The company provides cybersecurity software, financial technology, and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. It is listed at both NASDAQ and Prague Stock Exchange. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, MoneyLion and CCleaner.
CHDN vs GEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $1.2B |
| Net Profit | $83.0M | $192.0M |
| Gross Margin | — | 78.4% |
| Operating Margin | 21.6% | 34.9% |
| Net Margin | 12.5% | 15.5% |
| Revenue YoY | 3.1% | 28.5% |
| Net Profit YoY | 7.8% | 6.1% |
| EPS (diluted) | $1.16 | $0.31 |
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 | $1.2B | ||
| Q4 25 | $665.9M | $1.2B | ||
| Q3 25 | $683.0M | $1.3B | ||
| Q2 25 | $934.4M | — | ||
| Q1 25 | $642.6M | $1.0B | ||
| Q4 24 | $624.2M | $986.0M | ||
| Q3 24 | $628.5M | $974.0M | ||
| Q2 24 | $890.7M | $965.0M |
| Q1 26 | $83.0M | $192.0M | ||
| Q4 25 | $51.3M | $134.0M | ||
| Q3 25 | $38.1M | $135.0M | ||
| Q2 25 | $216.9M | — | ||
| Q1 25 | $76.7M | $142.0M | ||
| Q4 24 | $71.7M | $159.0M | ||
| Q3 24 | $65.4M | $161.0M | ||
| Q2 24 | $209.3M | $181.0M |
| Q1 26 | — | 78.4% | ||
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 78.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 80.3% | ||
| Q4 24 | — | 80.4% | ||
| Q3 24 | — | 80.1% | ||
| Q2 24 | — | 80.3% |
| Q1 26 | 21.6% | 34.9% | ||
| Q4 25 | 18.5% | 35.9% | ||
| Q3 25 | 14.3% | 35.5% | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 20.9% | 41.3% | ||
| Q4 24 | 20.3% | 37.9% | ||
| Q3 24 | 20.0% | 41.3% | ||
| Q2 24 | 37.0% | 43.2% |
| Q1 26 | 12.5% | 15.5% | ||
| Q4 25 | 7.7% | 11.0% | ||
| Q3 25 | 5.6% | 10.7% | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 11.9% | 14.1% | ||
| Q4 24 | 11.5% | 16.1% | ||
| Q3 24 | 10.4% | 16.5% | ||
| Q2 24 | 23.5% | 18.8% |
| Q1 26 | $1.16 | $0.31 | ||
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.22 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0.22 | ||
| Q4 24 | — | $0.26 | ||
| Q3 24 | — | $0.26 | ||
| Q2 24 | — | $0.29 |
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 | $8.4B |
| Stockholders' EquityBook value | — | $2.3B |
| Total Assets | $7.5B | $15.8B |
| Debt / EquityLower = less leverage | — | 3.61× |
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 | $1.0B | ||
| Q4 24 | $175.5M | $883.0M | ||
| Q3 24 | $152.7M | $737.0M | ||
| Q2 24 | $140.3M | $644.0M |
| Q1 26 | $840.0M | $8.4B | ||
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $8.5B |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.0B | $2.5B | ||
| Q3 25 | $1.0B | $2.4B | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.0B | $2.0B |
| Q1 26 | $7.5B | $15.8B | ||
| Q4 25 | $7.5B | $16.1B | ||
| Q3 25 | $7.5B | $16.4B | ||
| Q2 25 | $7.4B | — | ||
| Q1 25 | $7.3B | $15.5B | ||
| Q4 24 | $7.3B | $15.4B | ||
| Q3 24 | $7.2B | $15.5B | ||
| Q2 24 | $7.2B | $15.4B |
| Q1 26 | — | 3.61× | ||
| Q4 25 | — | 3.54× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.64× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 4.06× | ||
| Q2 24 | — | 4.33× |
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 | — | $541.0M | ||
| Q3 25 | $187.7M | $409.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | $246.5M | $473.0M | ||
| Q4 24 | — | $326.0M | ||
| Q3 24 | $169.4M | $158.0M | ||
| Q2 24 | — | $264.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $535.0M | ||
| Q3 25 | $166.3M | $405.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | $233.9M | $470.0M | ||
| Q4 24 | — | $318.0M | ||
| Q3 24 | $154.4M | $156.0M | ||
| Q2 24 | — | $262.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.9% | ||
| Q3 25 | 24.3% | 32.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | 36.4% | 46.5% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 24.6% | 16.0% | ||
| Q2 24 | — | 27.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.5% | ||
| Q3 25 | 3.1% | 0.3% | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.0% | 0.3% | ||
| Q4 24 | 5.4% | 0.8% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 2.5% | 0.2% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 4.04× | ||
| Q3 25 | 4.93× | 3.03× | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.21× | 3.33× | ||
| Q4 24 | — | 2.05× | ||
| Q3 24 | 2.59× | 0.98× | ||
| Q2 24 | — | 1.46× |
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% |
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
