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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and SENSIENT TECHNOLOGIES CORP (SXT). Click either name above to swap in a different company.

Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $435.8M, roughly 1.5× SENSIENT TECHNOLOGIES CORP). Churchill Downs Inc runs the higher net margin — 12.5% vs 10.1%, a 2.4% gap on every dollar of revenue. On growth, SENSIENT TECHNOLOGIES CORP posted the faster year-over-year revenue change (11.1% vs 3.1%). Over the past eight quarters, SENSIENT TECHNOLOGIES CORP's revenue compounded faster (3.9% 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.

Sensient Technologies is a global manufacturer and marketer of colors, flavors and fragrances based in Milwaukee, Wisconsin. Their products are used in many foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors. Sensient reported revenue of $1,468 million in 2013. Subdivisions include the Sensient Flavors & Fragrances Group and the Sensient Color Group. Within the Flavors & Fragrances G...

CHDN vs SXT — Head-to-Head

Bigger by revenue
CHDN
CHDN
1.5× larger
CHDN
$663.0M
$435.8M
SXT
Growing faster (revenue YoY)
SXT
SXT
+8.0% gap
SXT
11.1%
3.1%
CHDN
Higher net margin
CHDN
CHDN
2.4% more per $
CHDN
12.5%
10.1%
SXT
Faster 2-yr revenue CAGR
SXT
SXT
Annualised
SXT
3.9%
-13.7%
CHDN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CHDN
CHDN
SXT
SXT
Revenue
$663.0M
$435.8M
Net Profit
$83.0M
$44.2M
Gross Margin
Operating Margin
21.6%
15.3%
Net Margin
12.5%
10.1%
Revenue YoY
3.1%
11.1%
Net Profit YoY
7.8%
28.2%
EPS (diluted)
$1.16
$1.04

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.

Revenue
CHDN
CHDN
SXT
SXT
Q1 26
$663.0M
$435.8M
Q4 25
$665.9M
$393.4M
Q3 25
$683.0M
$412.1M
Q2 25
$934.4M
$414.2M
Q1 25
$642.6M
$392.3M
Q4 24
$624.2M
$376.4M
Q3 24
$628.5M
$392.6M
Q2 24
$890.7M
$403.5M
Net Profit
CHDN
CHDN
SXT
SXT
Q1 26
$83.0M
$44.2M
Q4 25
$51.3M
$25.5M
Q3 25
$38.1M
$37.0M
Q2 25
$216.9M
$37.6M
Q1 25
$76.7M
$34.5M
Q4 24
$71.7M
$30.1M
Q3 24
$65.4M
$32.7M
Q2 24
$209.3M
$30.9M
Gross Margin
CHDN
CHDN
SXT
SXT
Q1 26
Q4 25
31.4%
Q3 25
34.3%
Q2 25
34.5%
Q1 25
33.6%
Q4 24
31.7%
Q3 24
33.2%
Q2 24
32.4%
Operating Margin
CHDN
CHDN
SXT
SXT
Q1 26
21.6%
15.3%
Q4 25
18.5%
9.7%
Q3 25
14.3%
14.0%
Q2 25
35.1%
13.9%
Q1 25
20.9%
13.6%
Q4 24
20.3%
11.2%
Q3 24
20.0%
12.9%
Q2 24
37.0%
12.3%
Net Margin
CHDN
CHDN
SXT
SXT
Q1 26
12.5%
10.1%
Q4 25
7.7%
6.5%
Q3 25
5.6%
9.0%
Q2 25
23.2%
9.1%
Q1 25
11.9%
8.8%
Q4 24
11.5%
8.0%
Q3 24
10.4%
8.3%
Q2 24
23.5%
7.7%
EPS (diluted)
CHDN
CHDN
SXT
SXT
Q1 26
$1.16
$1.04
Q4 25
$0.60
Q3 25
$0.87
Q2 25
$0.88
Q1 25
$0.81
Q4 24
$0.71
Q3 24
$0.77
Q2 24
$0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHDN
CHDN
SXT
SXT
Cash + ST InvestmentsLiquidity on hand
$200.0M
$38.5M
Total DebtLower is stronger
$840.0M
$767.8M
Stockholders' EquityBook value
$1.2B
Total Assets
$7.5B
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHDN
CHDN
SXT
SXT
Q1 26
$200.0M
$38.5M
Q4 25
$200.6M
$36.5M
Q3 25
$180.5M
$42.7M
Q2 25
$182.4M
$56.7M
Q1 25
$174.2M
$32.6M
Q4 24
$175.5M
$26.6M
Q3 24
$152.7M
$37.0M
Q2 24
$140.3M
$30.3M
Total Debt
CHDN
CHDN
SXT
SXT
Q1 26
$840.0M
$767.8M
Q4 25
$709.2M
Q3 25
Q2 25
Q1 25
Q4 24
$613.5M
Q3 24
Q2 24
Stockholders' Equity
CHDN
CHDN
SXT
SXT
Q1 26
$1.2B
Q4 25
$1.0B
$1.2B
Q3 25
$1.0B
$1.2B
Q2 25
$1.0B
$1.2B
Q1 25
$1.1B
$1.1B
Q4 24
$1.1B
$1.1B
Q3 24
$1.1B
$1.1B
Q2 24
$1.0B
$1.1B
Total Assets
CHDN
CHDN
SXT
SXT
Q1 26
$7.5B
$2.3B
Q4 25
$7.5B
$2.2B
Q3 25
$7.5B
$2.2B
Q2 25
$7.4B
$2.2B
Q1 25
$7.3B
$2.1B
Q4 24
$7.3B
$2.0B
Q3 24
$7.2B
$2.0B
Q2 24
$7.2B
$2.0B
Debt / Equity
CHDN
CHDN
SXT
SXT
Q1 26
0.63×
Q4 25
0.59×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHDN
CHDN
SXT
SXT
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.

Operating Cash Flow
CHDN
CHDN
SXT
SXT
Q1 26
$295.0M
Q4 25
$44.6M
Q3 25
$187.7M
$44.0M
Q2 25
$48.3M
Q1 25
$246.5M
$-9.0M
Q4 24
$21.4M
Q3 24
$169.4M
$76.8M
Q2 24
$43.8M
Free Cash Flow
CHDN
CHDN
SXT
SXT
Q1 26
Q4 25
$12.9M
Q3 25
$166.3M
$24.2M
Q2 25
$27.1M
Q1 25
$233.9M
$-25.8M
Q4 24
$-1.7M
Q3 24
$154.4M
$63.6M
Q2 24
$32.0M
FCF Margin
CHDN
CHDN
SXT
SXT
Q1 26
Q4 25
3.3%
Q3 25
24.3%
5.9%
Q2 25
6.5%
Q1 25
36.4%
-6.6%
Q4 24
-0.5%
Q3 24
24.6%
16.2%
Q2 24
7.9%
Capex Intensity
CHDN
CHDN
SXT
SXT
Q1 26
Q4 25
2.6%
8.0%
Q3 25
3.1%
4.8%
Q2 25
2.0%
5.1%
Q1 25
2.0%
4.3%
Q4 24
5.4%
6.1%
Q3 24
2.4%
3.4%
Q2 24
2.5%
2.9%
Cash Conversion
CHDN
CHDN
SXT
SXT
Q1 26
3.55×
Q4 25
1.75×
Q3 25
4.93×
1.19×
Q2 25
1.28×
Q1 25
3.21×
-0.26×
Q4 24
0.71×
Q3 24
2.59×
2.35×
Q2 24
1.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CHDN
CHDN

Live and Historical Racing$297.0M45%
Gaming$257.0M39%
Wagering Services and Solutions$109.0M16%

SXT
SXT

Segment breakdown not available.

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