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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $539.3M, roughly 1.2× Simpson Manufacturing Co., Inc.). Churchill Downs Inc runs the higher net margin — 12.5% vs 10.4%, a 2.1% gap on every dollar of revenue. On growth, Simpson Manufacturing Co., Inc. posted the faster year-over-year revenue change (4.2% vs 3.1%). Over the past eight quarters, Simpson Manufacturing Co., Inc.'s revenue compounded faster (0.8% 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.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
CHDN vs SSD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $539.3M |
| Net Profit | $83.0M | $56.2M |
| Gross Margin | — | 43.4% |
| Operating Margin | 21.6% | 13.9% |
| Net Margin | 12.5% | 10.4% |
| Revenue YoY | 3.1% | 4.2% |
| Net Profit YoY | 7.8% | 1.4% |
| EPS (diluted) | $1.16 | $1.34 |
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 | $539.3M | ||
| Q3 25 | $683.0M | $623.5M | ||
| Q2 25 | $934.4M | $631.1M | ||
| Q1 25 | $642.6M | $538.9M | ||
| Q4 24 | $624.2M | $517.4M | ||
| Q3 24 | $628.5M | $587.2M | ||
| Q2 24 | $890.7M | $597.0M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $56.2M | ||
| Q3 25 | $38.1M | $107.4M | ||
| Q2 25 | $216.9M | $103.5M | ||
| Q1 25 | $76.7M | $77.9M | ||
| Q4 24 | $71.7M | $55.4M | ||
| Q3 24 | $65.4M | $93.5M | ||
| Q2 24 | $209.3M | $97.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.4% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 46.7% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 44.0% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 46.7% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 13.9% | ||
| Q3 25 | 14.3% | 22.6% | ||
| Q2 25 | 35.1% | 22.2% | ||
| Q1 25 | 20.9% | 19.0% | ||
| Q4 24 | 20.3% | 14.8% | ||
| Q3 24 | 20.0% | 21.3% | ||
| Q2 24 | 37.0% | 22.1% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 10.4% | ||
| Q3 25 | 5.6% | 17.2% | ||
| Q2 25 | 23.2% | 16.4% | ||
| Q1 25 | 11.9% | 14.5% | ||
| Q4 24 | 11.5% | 10.7% | ||
| Q3 24 | 10.4% | 15.9% | ||
| Q2 24 | 23.5% | 16.4% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.34 | ||
| Q3 25 | — | $2.58 | ||
| Q2 25 | — | $2.47 | ||
| Q1 25 | — | $1.85 | ||
| Q4 24 | — | $1.31 | ||
| Q3 24 | — | $2.21 | ||
| Q2 24 | — | $2.31 |
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 | $384.1M |
| Total DebtLower is stronger | $840.0M | $300.0M |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | $7.5B | $3.1B |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $384.1M | ||
| Q3 25 | $180.5M | $297.3M | ||
| Q2 25 | $182.4M | $190.4M | ||
| Q1 25 | $174.2M | $150.3M | ||
| Q4 24 | $175.5M | $239.4M | ||
| Q3 24 | $152.7M | $339.4M | ||
| Q2 24 | $140.3M | $354.9M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $300.0M | ||
| Q3 25 | — | $371.3M | ||
| Q2 25 | — | $376.9M | ||
| Q1 25 | — | $382.5M | ||
| Q4 24 | — | $388.1M | ||
| Q3 24 | — | $393.8M | ||
| Q2 24 | — | $399.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.0B | $1.8B |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $3.1B | ||
| Q3 25 | $7.5B | $3.0B | ||
| Q2 25 | $7.4B | $3.0B | ||
| Q1 25 | $7.3B | $2.8B | ||
| Q4 24 | $7.3B | $2.7B | ||
| Q3 24 | $7.2B | $2.9B | ||
| Q2 24 | $7.2B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.23× |
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 | $155.7M |
| Free Cash FlowOCF − Capex | — | $119.0M |
| FCF MarginFCF / Revenue | — | 22.1% |
| Capex IntensityCapex / Revenue | — | 6.8% |
| Cash ConversionOCF / Net Profit | 3.55× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $297.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $155.7M | ||
| Q3 25 | $187.7M | $170.2M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | $246.5M | $7.6M | ||
| Q4 24 | — | $115.8M | ||
| Q3 24 | $169.4M | $103.3M | ||
| Q2 24 | — | $111.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $119.0M | ||
| Q3 25 | $166.3M | $133.9M | ||
| Q2 25 | — | $87.3M | ||
| Q1 25 | $233.9M | $-42.6M | ||
| Q4 24 | — | $60.3M | ||
| Q3 24 | $154.4M | $58.1M | ||
| Q2 24 | — | $70.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.1% | ||
| Q3 25 | 24.3% | 21.5% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | 36.4% | -7.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 24.6% | 9.9% | ||
| Q2 24 | — | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 6.8% | ||
| Q3 25 | 3.1% | 5.8% | ||
| Q2 25 | 2.0% | 6.0% | ||
| Q1 25 | 2.0% | 9.3% | ||
| Q4 24 | 5.4% | 10.7% | ||
| Q3 24 | 2.4% | 7.7% | ||
| Q2 24 | 2.5% | 6.7% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | 4.93× | 1.58× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | 3.21× | 0.10× | ||
| Q4 24 | — | 2.09× | ||
| Q3 24 | 2.59× | 1.10× | ||
| Q2 24 | — | 1.14× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
