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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and PROSPERITY BANCSHARES INC (PB). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $367.6M, roughly 1.8× PROSPERITY BANCSHARES INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs 12.5%, a 19.1% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% 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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
CHDN vs PB — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $367.6M |
| Net Profit | $83.0M | $116.3M |
| Gross Margin | — | — |
| Operating Margin | 21.6% | — |
| Net Margin | 12.5% | 31.6% |
| Revenue YoY | 3.1% | — |
| Net Profit YoY | 7.8% | -10.7% |
| EPS (diluted) | $1.16 | $1.16 |
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 | $367.6M | ||
| Q4 25 | $665.9M | $275.0M | ||
| Q3 25 | $683.0M | $273.4M | ||
| Q2 25 | $934.4M | $267.7M | ||
| Q1 25 | $642.6M | $265.4M | ||
| Q4 24 | $624.2M | $267.8M | ||
| Q3 24 | $628.5M | $261.7M | ||
| Q2 24 | $890.7M | $258.8M |
| Q1 26 | $83.0M | $116.3M | ||
| Q4 25 | $51.3M | $139.9M | ||
| Q3 25 | $38.1M | $137.6M | ||
| Q2 25 | $216.9M | $135.2M | ||
| Q1 25 | $76.7M | $130.2M | ||
| Q4 24 | $71.7M | $130.1M | ||
| Q3 24 | $65.4M | $127.3M | ||
| Q2 24 | $209.3M | $111.6M |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 65.1% | ||
| Q3 25 | 14.3% | 64.4% | ||
| Q2 25 | 35.1% | 64.3% | ||
| Q1 25 | 20.9% | 62.7% | ||
| Q4 24 | 20.3% | 62.0% | ||
| Q3 24 | 20.0% | 62.1% | ||
| Q2 24 | 37.0% | 55.2% |
| Q1 26 | 12.5% | 31.6% | ||
| Q4 25 | 7.7% | 50.9% | ||
| Q3 25 | 5.6% | 50.3% | ||
| Q2 25 | 23.2% | 50.5% | ||
| Q1 25 | 11.9% | 49.1% | ||
| Q4 24 | 11.5% | 48.6% | ||
| Q3 24 | 10.4% | 48.6% | ||
| Q2 24 | 23.5% | 43.1% |
| Q1 26 | $1.16 | $1.16 | ||
| Q4 25 | — | $1.48 | ||
| Q3 25 | — | $1.45 | ||
| Q2 25 | — | $1.42 | ||
| Q1 25 | — | $1.37 | ||
| Q4 24 | — | $1.36 | ||
| Q3 24 | — | $1.34 | ||
| Q2 24 | — | $1.17 |
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 | — |
| Stockholders' EquityBook value | — | $8.2B |
| Total Assets | $7.5B | $43.6B |
| Debt / EquityLower = less leverage | — | — |
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 | — | ||
| Q4 24 | $175.5M | — | ||
| Q3 24 | $152.7M | — | ||
| Q2 24 | $140.3M | — |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $8.2B | ||
| Q4 25 | $1.0B | $7.6B | ||
| Q3 25 | $1.0B | $7.7B | ||
| Q2 25 | $1.0B | $7.6B | ||
| Q1 25 | $1.1B | $7.5B | ||
| Q4 24 | $1.1B | $7.4B | ||
| Q3 24 | $1.1B | $7.4B | ||
| Q2 24 | $1.0B | $7.3B |
| Q1 26 | $7.5B | $43.6B | ||
| Q4 25 | $7.5B | $38.5B | ||
| Q3 25 | $7.5B | $38.3B | ||
| Q2 25 | $7.4B | $38.4B | ||
| Q1 25 | $7.3B | $38.8B | ||
| Q4 24 | $7.3B | $39.6B | ||
| Q3 24 | $7.2B | $40.1B | ||
| Q2 24 | $7.2B | $39.8B |
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 | — |
| 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 | — | $78.3M | ||
| Q3 25 | $187.7M | $194.8M | ||
| Q2 25 | — | $98.2M | ||
| Q1 25 | $246.5M | $178.2M | ||
| Q4 24 | — | $-205.8M | ||
| Q3 24 | $169.4M | $274.6M | ||
| Q2 24 | — | $216.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $68.5M | ||
| Q3 25 | $166.3M | $185.7M | ||
| Q2 25 | — | $91.8M | ||
| Q1 25 | $233.9M | $171.1M | ||
| Q4 24 | — | $-210.7M | ||
| Q3 24 | $154.4M | $270.2M | ||
| Q2 24 | — | $211.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.9% | ||
| Q3 25 | 24.3% | 67.9% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | 36.4% | 64.5% | ||
| Q4 24 | — | -78.7% | ||
| Q3 24 | 24.6% | 103.3% | ||
| Q2 24 | — | 81.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.6% | ||
| Q3 25 | 3.1% | 3.3% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 2.0% | 2.7% | ||
| Q4 24 | 5.4% | 1.8% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 2.5% | 1.8% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 0.56× | ||
| Q3 25 | 4.93× | 1.42× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 3.21× | 1.37× | ||
| Q4 24 | — | -1.58× | ||
| Q3 24 | 2.59× | 2.16× | ||
| Q2 24 | — | 1.94× |
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% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
