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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and GRIFFON CORP (GFF). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $649.1M, roughly 1.0× GRIFFON CORP). Churchill Downs Inc runs the higher net margin — 12.5% vs 9.9%, a 2.6% gap on every dollar of revenue. On growth, Churchill Downs Inc posted the faster year-over-year revenue change (3.1% vs 2.6%). Over the past eight quarters, GRIFFON CORP's revenue compounded faster (-1.8% 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.
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
CHDN vs GFF — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $649.1M |
| Net Profit | $83.0M | $64.4M |
| Gross Margin | — | 41.1% |
| Operating Margin | 21.6% | 17.5% |
| Net Margin | 12.5% | 9.9% |
| Revenue YoY | 3.1% | 2.6% |
| Net Profit YoY | 7.8% | -9.1% |
| EPS (diluted) | $1.16 | $1.41 |
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 | $649.1M | ||
| Q3 25 | $683.0M | $662.2M | ||
| Q2 25 | $934.4M | $613.6M | ||
| Q1 25 | $642.6M | $611.7M | ||
| Q4 24 | $624.2M | $632.4M | ||
| Q3 24 | $628.5M | $659.7M | ||
| Q2 24 | $890.7M | $647.8M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $64.4M | ||
| Q3 25 | $38.1M | $43.6M | ||
| Q2 25 | $216.9M | $-120.1M | ||
| Q1 25 | $76.7M | $56.8M | ||
| Q4 24 | $71.7M | $70.9M | ||
| Q3 24 | $65.4M | $62.5M | ||
| Q2 24 | $209.3M | $41.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 41.7% | ||
| Q2 25 | — | 43.2% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 41.8% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 38.5% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 17.5% | ||
| Q3 25 | 14.3% | 18.0% | ||
| Q2 25 | 35.1% | -20.5% | ||
| Q1 25 | 20.9% | 16.5% | ||
| Q4 24 | 20.3% | 17.7% | ||
| Q3 24 | 20.0% | 16.9% | ||
| Q2 24 | 37.0% | 13.8% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 9.9% | ||
| Q3 25 | 5.6% | 6.6% | ||
| Q2 25 | 23.2% | -19.6% | ||
| Q1 25 | 11.9% | 9.3% | ||
| Q4 24 | 11.5% | 11.2% | ||
| Q3 24 | 10.4% | 9.5% | ||
| Q2 24 | 23.5% | 6.3% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.41 | ||
| Q3 25 | — | $1.04 | ||
| Q2 25 | — | $-2.65 | ||
| Q1 25 | — | $1.21 | ||
| Q4 24 | — | $1.49 | ||
| Q3 24 | — | $1.29 | ||
| Q2 24 | — | $0.84 |
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 | $95.3M |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $108.9M |
| Total Assets | $7.5B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $95.3M | ||
| Q3 25 | $180.5M | $99.0M | ||
| Q2 25 | $182.4M | $107.3M | ||
| Q1 25 | $174.2M | $127.8M | ||
| Q4 24 | $175.5M | $152.0M | ||
| Q3 24 | $152.7M | $114.4M | ||
| Q2 24 | $140.3M | $133.5M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $108.9M | ||
| Q3 25 | $1.0B | $74.0M | ||
| Q2 25 | $1.0B | $63.9M | ||
| Q1 25 | $1.1B | $214.7M | ||
| Q4 24 | $1.1B | $227.8M | ||
| Q3 24 | $1.1B | $224.9M | ||
| Q2 24 | $1.0B | $223.5M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $2.1B | ||
| Q3 25 | $7.5B | $2.1B | ||
| Q2 25 | $7.4B | $2.1B | ||
| Q1 25 | $7.3B | $2.3B | ||
| Q4 24 | $7.3B | $2.3B | ||
| Q3 24 | $7.2B | $2.4B | ||
| Q2 24 | $7.2B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 22.71× | ||
| Q1 25 | — | 7.16× | ||
| Q4 24 | — | 6.48× | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | — | 6.74× |
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 | $107.0M |
| Free Cash FlowOCF − Capex | — | $99.3M |
| FCF MarginFCF / Revenue | — | 15.3% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 3.55× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $107.0M | ||
| Q3 25 | $187.7M | $75.0M | ||
| Q2 25 | — | $123.1M | ||
| Q1 25 | $246.5M | $16.5M | ||
| Q4 24 | — | $142.9M | ||
| Q3 24 | $169.4M | $72.1M | ||
| Q2 24 | — | $122.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $99.3M | ||
| Q3 25 | $166.3M | $62.4M | ||
| Q2 25 | — | $114.4M | ||
| Q1 25 | $233.9M | $2.8M | ||
| Q4 24 | — | $125.5M | ||
| Q3 24 | $154.4M | $51.6M | ||
| Q2 24 | — | $107.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | 24.3% | 9.4% | ||
| Q2 25 | — | 18.6% | ||
| Q1 25 | 36.4% | 0.5% | ||
| Q4 24 | — | 19.8% | ||
| Q3 24 | 24.6% | 7.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.2% | ||
| Q3 25 | 3.1% | 1.9% | ||
| Q2 25 | 2.0% | 1.4% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 5.4% | 2.8% | ||
| Q3 24 | 2.4% | 3.1% | ||
| Q2 24 | 2.5% | 2.2% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 1.66× | ||
| Q3 25 | 4.93× | 1.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.21× | 0.29× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 2.59× | 1.15× | ||
| Q2 24 | — | 2.97× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
