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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $663.0M, roughly 1.3× Churchill Downs Inc). Primerica, Inc. runs the higher net margin — 23.1% vs 12.5%, a 10.6% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 3.1%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% 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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
CHDN vs PRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $853.7M |
| Net Profit | $83.0M | $197.0M |
| Gross Margin | — | — |
| Operating Margin | 21.6% | 28.9% |
| Net Margin | 12.5% | 23.1% |
| Revenue YoY | 3.1% | 11.0% |
| Net Profit YoY | 7.8% | 17.9% |
| EPS (diluted) | $1.16 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $683.0M | $839.9M | ||
| Q2 25 | $934.4M | $793.3M | ||
| Q1 25 | $642.6M | $804.8M | ||
| Q4 24 | $624.2M | $768.8M | ||
| Q3 24 | $628.5M | $774.1M | ||
| Q2 24 | $890.7M | $803.4M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $197.0M | ||
| Q3 25 | $38.1M | $206.8M | ||
| Q2 25 | $216.9M | $178.3M | ||
| Q1 25 | $76.7M | $169.1M | ||
| Q4 24 | $71.7M | $167.1M | ||
| Q3 24 | $65.4M | $164.4M | ||
| Q2 24 | $209.3M | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 28.9% | ||
| Q3 25 | 14.3% | 32.3% | ||
| Q2 25 | 35.1% | 29.6% | ||
| Q1 25 | 20.9% | 27.5% | ||
| Q4 24 | 20.3% | 64.7% | ||
| Q3 24 | 20.0% | 32.9% | ||
| Q2 24 | 37.0% | 1.0% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 23.1% | ||
| Q3 25 | 5.6% | 24.6% | ||
| Q2 25 | 23.2% | 22.5% | ||
| Q1 25 | 11.9% | 21.0% | ||
| Q4 24 | 11.5% | 21.7% | ||
| Q3 24 | 10.4% | 21.2% | ||
| Q2 24 | 23.5% | 0.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $6.11 | ||
| Q3 25 | — | $6.35 | ||
| Q2 25 | — | $5.40 | ||
| Q1 25 | — | $5.05 | ||
| Q4 24 | — | $4.92 | ||
| Q3 24 | — | $4.83 | ||
| Q2 24 | — | $0.03 |
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 | $756.2M |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $2.4B |
| Total Assets | $7.5B | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $756.2M | ||
| Q3 25 | $180.5M | $644.9M | ||
| Q2 25 | $182.4M | $621.2M | ||
| Q1 25 | $174.2M | $625.1M | ||
| Q4 24 | $175.5M | $687.8M | ||
| Q3 24 | $152.7M | $550.1M | ||
| Q2 24 | $140.3M | $627.3M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.4B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.0B | $2.1B |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $15.0B | ||
| Q3 25 | $7.5B | $14.8B | ||
| Q2 25 | $7.4B | $14.8B | ||
| Q1 25 | $7.3B | $14.6B | ||
| Q4 24 | $7.3B | $14.6B | ||
| Q3 24 | $7.2B | $14.8B | ||
| Q2 24 | $7.2B | $14.6B |
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 | $338.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.55× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $338.2M | ||
| Q3 25 | $187.7M | $202.9M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | $246.5M | $197.5M | ||
| Q4 24 | — | $270.6M | ||
| Q3 24 | $169.4M | $207.3M | ||
| Q2 24 | — | $173.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $166.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $233.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $154.4M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 36.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.5% | — |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | 4.93× | 0.98× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | 3.21× | 1.17× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | 2.59× | 1.26× | ||
| Q2 24 | — | 147.98× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
