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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $661.7M, roughly 1.0× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 12.5%, a 21.6% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
CHDN vs SSB — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $661.7M |
| Net Profit | $83.0M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | 21.6% | 15.1% |
| Net Margin | 12.5% | 34.1% |
| Revenue YoY | 3.1% | — |
| Net Profit YoY | 7.8% | 153.5% |
| EPS (diluted) | $1.16 | $2.28 |
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 | $661.7M | ||
| Q4 25 | $665.9M | $581.1M | ||
| Q3 25 | $683.0M | $599.7M | ||
| Q2 25 | $934.4M | $577.9M | ||
| Q1 25 | $642.6M | $544.5M | ||
| Q4 24 | $624.2M | $369.8M | ||
| Q3 24 | $628.5M | $351.5M | ||
| Q2 24 | $890.7M | $350.3M |
| Q1 26 | $83.0M | $225.8M | ||
| Q4 25 | $51.3M | $247.7M | ||
| Q3 25 | $38.1M | $246.6M | ||
| Q2 25 | $216.9M | $215.2M | ||
| Q1 25 | $76.7M | $89.1M | ||
| Q4 24 | $71.7M | $144.2M | ||
| Q3 24 | $65.4M | $143.2M | ||
| Q2 24 | $209.3M | $132.4M |
| Q1 26 | 21.6% | 15.1% | ||
| Q4 25 | 18.5% | 54.3% | ||
| Q3 25 | 14.3% | 53.6% | ||
| Q2 25 | 35.1% | 48.8% | ||
| Q1 25 | 20.9% | 22.3% | ||
| Q4 24 | 20.3% | 50.7% | ||
| Q3 24 | 20.0% | 53.1% | ||
| Q2 24 | 37.0% | 49.3% |
| Q1 26 | 12.5% | 34.1% | ||
| Q4 25 | 7.7% | 42.6% | ||
| Q3 25 | 5.6% | 41.1% | ||
| Q2 25 | 23.2% | 37.2% | ||
| Q1 25 | 11.9% | 16.4% | ||
| Q4 24 | 11.5% | 39.0% | ||
| Q3 24 | 10.4% | 40.7% | ||
| Q2 24 | 23.5% | 37.8% |
| Q1 26 | $1.16 | $2.28 | ||
| Q4 25 | — | $2.47 | ||
| Q3 25 | — | $2.42 | ||
| Q2 25 | — | $2.11 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $1.88 | ||
| Q3 24 | — | $1.86 | ||
| Q2 24 | — | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $840.0M | — |
| Stockholders' EquityBook value | — | $9.0B |
| Total Assets | $7.5B | $68.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | $2.9B | ||
| 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 | — | $9.0B | ||
| Q4 25 | $1.0B | $9.1B | ||
| Q3 25 | $1.0B | $9.0B | ||
| Q2 25 | $1.0B | $8.8B | ||
| Q1 25 | $1.1B | $8.6B | ||
| Q4 24 | $1.1B | $5.9B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $1.0B | $5.7B |
| Q1 26 | $7.5B | $68.0B | ||
| Q4 25 | $7.5B | $67.2B | ||
| Q3 25 | $7.5B | $66.0B | ||
| Q2 25 | $7.4B | $65.9B | ||
| Q1 25 | $7.3B | $65.1B | ||
| Q4 24 | $7.3B | $46.4B | ||
| Q3 24 | $7.2B | $46.1B | ||
| Q2 24 | $7.2B | $45.5B |
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 | — | $232.1M | ||
| Q3 25 | $187.7M | $122.4M | ||
| Q2 25 | — | $72.6M | ||
| Q1 25 | $246.5M | $-126.3M | ||
| Q4 24 | — | $354.3M | ||
| Q3 24 | $169.4M | $-246.8M | ||
| Q2 24 | — | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $215.5M | ||
| Q3 25 | $166.3M | $101.7M | ||
| Q2 25 | — | $52.5M | ||
| Q1 25 | $233.9M | $-139.1M | ||
| Q4 24 | — | $340.9M | ||
| Q3 24 | $154.4M | $-254.2M | ||
| Q2 24 | — | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.1% | ||
| Q3 25 | 24.3% | 17.0% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | 36.4% | -25.5% | ||
| Q4 24 | — | 92.2% | ||
| Q3 24 | 24.6% | -72.3% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.9% | ||
| Q3 25 | 3.1% | 3.5% | ||
| Q2 25 | 2.0% | 3.5% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 5.4% | 3.6% | ||
| Q3 24 | 2.4% | 2.1% | ||
| Q2 24 | 2.5% | 2.7% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | 4.93× | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | 3.21× | -1.42× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | 2.59× | -1.72× | ||
| Q2 24 | — | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
