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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Hims & Hers Health, Inc. (HIMS). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $617.8M, roughly 1.1× Hims & Hers Health, Inc.). Churchill Downs Inc runs the higher net margin — 12.5% vs 3.3%, a 9.2% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 3.1%). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% 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.
Hims & Hers Health, Inc. is an American telehealth company established in 2017. The company provides prescription medications, over-the-counter medications, and personal care products.
CHDN vs HIMS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $617.8M |
| Net Profit | $83.0M | $20.6M |
| Gross Margin | — | 71.9% |
| Operating Margin | 21.6% | 1.5% |
| Net Margin | 12.5% | 3.3% |
| Revenue YoY | 3.1% | 28.4% |
| Net Profit YoY | 7.8% | -20.8% |
| EPS (diluted) | $1.16 | $0.08 |
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 | $617.8M | ||
| Q3 25 | $683.0M | $599.0M | ||
| Q2 25 | $934.4M | $544.8M | ||
| Q1 25 | $642.6M | $586.0M | ||
| Q4 24 | $624.2M | $481.1M | ||
| Q3 24 | $628.5M | $401.6M | ||
| Q2 24 | $890.7M | $315.6M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $20.6M | ||
| Q3 25 | $38.1M | $15.8M | ||
| Q2 25 | $216.9M | $42.5M | ||
| Q1 25 | $76.7M | $49.5M | ||
| Q4 24 | $71.7M | $26.0M | ||
| Q3 24 | $65.4M | $75.6M | ||
| Q2 24 | $209.3M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 73.8% | ||
| Q2 25 | — | 76.4% | ||
| Q1 25 | — | 73.5% | ||
| Q4 24 | — | 76.8% | ||
| Q3 24 | — | 79.2% | ||
| Q2 24 | — | 81.3% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 1.5% | ||
| Q3 25 | 14.3% | 2.0% | ||
| Q2 25 | 35.1% | 4.9% | ||
| Q1 25 | 20.9% | 9.9% | ||
| Q4 24 | 20.3% | 3.9% | ||
| Q3 24 | 20.0% | 5.6% | ||
| Q2 24 | 37.0% | 3.5% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 3.3% | ||
| Q3 25 | 5.6% | 2.6% | ||
| Q2 25 | 23.2% | 7.8% | ||
| Q1 25 | 11.9% | 8.4% | ||
| Q4 24 | 11.5% | 5.4% | ||
| Q3 24 | 10.4% | 18.8% | ||
| Q2 24 | 23.5% | 4.2% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | — | $0.06 |
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 | $228.6M |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $540.9M |
| Total Assets | $7.5B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $228.6M | ||
| Q3 25 | $180.5M | $345.8M | ||
| Q2 25 | $182.4M | $1.1B | ||
| Q1 25 | $174.2M | $273.7M | ||
| Q4 24 | $175.5M | $220.6M | ||
| Q3 24 | $152.7M | $165.5M | ||
| Q2 24 | $140.3M | $129.3M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $540.9M | ||
| Q3 25 | $1.0B | $581.0M | ||
| Q2 25 | $1.0B | $562.7M | ||
| Q1 25 | $1.1B | $549.3M | ||
| Q4 24 | $1.1B | $476.7M | ||
| Q3 24 | $1.1B | $440.1M | ||
| Q2 24 | $1.0B | $362.0M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $2.2B | ||
| Q3 25 | $7.5B | $2.2B | ||
| Q2 25 | $7.4B | $1.9B | ||
| Q1 25 | $7.3B | $891.7M | ||
| Q4 24 | $7.3B | $707.5M | ||
| Q3 24 | $7.2B | $602.3M | ||
| Q2 24 | $7.2B | $480.5M |
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 | $61.3M |
| Free Cash FlowOCF − Capex | — | $-2.5M |
| FCF MarginFCF / Revenue | — | -0.4% |
| Capex IntensityCapex / Revenue | — | 10.3% |
| Cash ConversionOCF / Net Profit | 3.55× | 2.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $57.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $61.3M | ||
| Q3 25 | $187.7M | $148.7M | ||
| Q2 25 | — | $-19.1M | ||
| Q1 25 | $246.5M | $109.1M | ||
| Q4 24 | — | $86.4M | ||
| Q3 24 | $169.4M | $85.3M | ||
| Q2 24 | — | $53.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $166.3M | $79.3M | ||
| Q2 25 | — | $-69.5M | ||
| Q1 25 | $233.9M | $50.1M | ||
| Q4 24 | — | $59.5M | ||
| Q3 24 | $154.4M | $79.4M | ||
| Q2 24 | — | $47.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | 24.3% | 13.2% | ||
| Q2 25 | — | -12.8% | ||
| Q1 25 | 36.4% | 8.5% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | 24.6% | 19.8% | ||
| Q2 24 | — | 15.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 10.3% | ||
| Q3 25 | 3.1% | 11.6% | ||
| Q2 25 | 2.0% | 9.3% | ||
| Q1 25 | 2.0% | 10.1% | ||
| Q4 24 | 5.4% | 5.6% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 2.5% | 1.9% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 2.98× | ||
| Q3 25 | 4.93× | 9.43× | ||
| Q2 25 | — | -0.45× | ||
| Q1 25 | 3.21× | 2.20× | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | 2.59× | 1.13× | ||
| Q2 24 | — | 4.03× |
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% |
HIMS
Segment breakdown not available.
