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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Guardian Pharmacy Services, Inc. (GRDN). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $336.6M, roughly 2.0× Guardian Pharmacy Services, Inc.). Churchill Downs Inc runs the higher net margin — 12.5% vs 4.0%, a 8.5% gap on every dollar of revenue. On growth, Churchill Downs Inc posted the faster year-over-year revenue change (3.1% vs 2.2%).
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.
CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.
CHDN vs GRDN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $336.6M |
| Net Profit | $83.0M | $13.5M |
| Gross Margin | — | 22.7% |
| Operating Margin | 21.6% | 5.3% |
| Net Margin | 12.5% | 4.0% |
| Revenue YoY | 3.1% | 2.2% |
| Net Profit YoY | 7.8% | 46.1% |
| EPS (diluted) | $1.16 | $0.21 |
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 | $336.6M | ||
| Q4 25 | $665.9M | $397.6M | ||
| Q3 25 | $683.0M | $377.4M | ||
| Q2 25 | $934.4M | $344.3M | ||
| Q1 25 | $642.6M | $329.3M | ||
| Q4 24 | $624.2M | — | ||
| Q3 24 | $628.5M | $314.4M | ||
| Q2 24 | $890.7M | — |
| Q1 26 | $83.0M | $13.5M | ||
| Q4 25 | $51.3M | $20.9M | ||
| Q3 25 | $38.1M | $9.8M | ||
| Q2 25 | $216.9M | $9.0M | ||
| Q1 25 | $76.7M | $9.4M | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $65.4M | $-122.0M | ||
| Q2 24 | $209.3M | — |
| Q1 26 | — | 22.7% | ||
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | — |
| Q1 26 | 21.6% | 5.3% | ||
| Q4 25 | 18.5% | 7.7% | ||
| Q3 25 | 14.3% | 4.3% | ||
| Q2 25 | 35.1% | 3.7% | ||
| Q1 25 | 20.9% | 3.9% | ||
| Q4 24 | 20.3% | — | ||
| Q3 24 | 20.0% | -33.3% | ||
| Q2 24 | 37.0% | — |
| Q1 26 | 12.5% | 4.0% | ||
| Q4 25 | 7.7% | 5.3% | ||
| Q3 25 | 5.6% | 2.6% | ||
| Q2 25 | 23.2% | 2.6% | ||
| Q1 25 | 11.9% | 2.9% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 10.4% | -38.8% | ||
| Q2 24 | 23.5% | — |
| Q1 26 | $1.16 | $0.21 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $64.9M |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $232.4M |
| Total Assets | $7.5B | $426.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | $64.9M | ||
| Q4 25 | $200.6M | $65.6M | ||
| Q3 25 | $180.5M | $36.5M | ||
| Q2 25 | $182.4M | $18.8M | ||
| Q1 25 | $174.2M | $14.0M | ||
| Q4 24 | $175.5M | — | ||
| Q3 24 | $152.7M | $37.2M | ||
| Q2 24 | $140.3M | — |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $34.3M | ||
| Q2 24 | — | — |
| Q1 26 | — | $232.4M | ||
| Q4 25 | $1.0B | $217.9M | ||
| Q3 25 | $1.0B | $195.5M | ||
| Q2 25 | $1.0B | $179.7M | ||
| Q1 25 | $1.1B | $163.2M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $133.9M | ||
| Q2 24 | $1.0B | — |
| Q1 26 | $7.5B | $426.9M | ||
| Q4 25 | $7.5B | $412.7M | ||
| Q3 25 | $7.5B | $390.0M | ||
| Q2 25 | $7.4B | $356.3M | ||
| Q1 25 | $7.3B | $334.0M | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $7.2B | $348.0M | ||
| Q2 24 | $7.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.26× | ||
| 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 | $6.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.55× | 0.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | $6.1M | ||
| Q4 25 | — | $34.6M | ||
| Q3 25 | $187.7M | $28.2M | ||
| Q2 25 | — | $19.9M | ||
| Q1 25 | $246.5M | $17.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $169.4M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $166.3M | $24.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | $233.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $154.4M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 24.3% | 6.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | 36.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.1% | 1.1% | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.5% | — |
| Q1 26 | 3.55× | 0.45× | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | 4.93× | 2.87× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | 3.21× | 1.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.59× | — | ||
| 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% |
GRDN
Segment breakdown not available.
