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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and UNISYS CORP (UIS). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $574.5M, roughly 1.2× UNISYS CORP). Churchill Downs Inc runs the higher net margin — 12.5% vs 3.3%, a 9.3% gap on every dollar of revenue. On growth, UNISYS CORP posted the faster year-over-year revenue change (5.3% vs 3.1%). Over the past eight quarters, UNISYS CORP's revenue compounded faster (8.5% 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.
Unisys Corporation is a technology company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides cloud, AI, digital workplace, logistics, and enterprise computing services.
CHDN vs UIS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $574.5M |
| Net Profit | $83.0M | $18.7M |
| Gross Margin | — | 33.9% |
| Operating Margin | 21.6% | 13.3% |
| Net Margin | 12.5% | 3.3% |
| Revenue YoY | 3.1% | 5.3% |
| Net Profit YoY | 7.8% | -37.7% |
| EPS (diluted) | $1.16 | $0.24 |
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 | $574.5M | ||
| Q3 25 | $683.0M | $460.2M | ||
| Q2 25 | $934.4M | $483.3M | ||
| Q1 25 | $642.6M | $432.1M | ||
| Q4 24 | $624.2M | $545.4M | ||
| Q3 24 | $628.5M | $497.0M | ||
| Q2 24 | $890.7M | $478.2M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $18.7M | ||
| Q3 25 | $38.1M | $-308.9M | ||
| Q2 25 | $216.9M | $-20.1M | ||
| Q1 25 | $76.7M | $-29.5M | ||
| Q4 24 | $71.7M | $30.0M | ||
| Q3 24 | $65.4M | $-61.9M | ||
| Q2 24 | $209.3M | $-12.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 25.5% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 27.2% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 13.3% | ||
| Q3 25 | 14.3% | -7.3% | ||
| Q2 25 | 35.1% | 6.3% | ||
| Q1 25 | 20.9% | 1.2% | ||
| Q4 24 | 20.3% | 8.9% | ||
| Q3 24 | 20.0% | 1.5% | ||
| Q2 24 | 37.0% | 4.9% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 3.3% | ||
| Q3 25 | 5.6% | -67.1% | ||
| Q2 25 | 23.2% | -4.2% | ||
| Q1 25 | 11.9% | -6.8% | ||
| Q4 24 | 11.5% | 5.5% | ||
| Q3 24 | 10.4% | -12.5% | ||
| Q2 24 | 23.5% | -2.5% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $-4.33 | ||
| Q2 25 | — | $-0.28 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | — | $-0.89 | ||
| Q2 24 | — | $-0.17 |
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 | $413.9M |
| Total DebtLower is stronger | $840.0M | $729.0M |
| Stockholders' EquityBook value | — | $-282.6M |
| Total Assets | $7.5B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $413.9M | ||
| Q3 25 | $180.5M | $321.9M | ||
| Q2 25 | $182.4M | $300.8M | ||
| Q1 25 | $174.2M | $393.1M | ||
| Q4 24 | $175.5M | $376.5M | ||
| Q3 24 | $152.7M | $373.7M | ||
| Q2 24 | $140.3M | $344.9M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $729.0M | ||
| Q3 25 | — | $723.2M | ||
| Q2 25 | — | $692.7M | ||
| Q1 25 | — | $488.3M | ||
| Q4 24 | — | $488.2M | ||
| Q3 24 | — | $488.5M | ||
| Q2 24 | — | $489.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $-282.6M | ||
| Q3 25 | $1.0B | $-300.2M | ||
| Q2 25 | $1.0B | $-221.5M | ||
| Q1 25 | $1.1B | $-267.8M | ||
| Q4 24 | $1.1B | $-283.4M | ||
| Q3 24 | $1.1B | $-202.2M | ||
| Q2 24 | $1.0B | $-174.1M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $1.8B | ||
| Q3 25 | $7.5B | $1.7B | ||
| Q2 25 | $7.4B | $1.8B | ||
| Q1 25 | $7.3B | $1.8B | ||
| Q4 24 | $7.3B | $1.9B | ||
| Q3 24 | $7.2B | $1.9B | ||
| Q2 24 | $7.2B | $1.9B |
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 | $104.9M |
| Free Cash FlowOCF − Capex | — | $97.3M |
| FCF MarginFCF / Revenue | — | 16.9% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 3.55× | 5.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-170.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $104.9M | ||
| Q3 25 | $187.7M | $38.0M | ||
| Q2 25 | — | $-316.2M | ||
| Q1 25 | $246.5M | $33.3M | ||
| Q4 24 | — | $76.6M | ||
| Q3 24 | $169.4M | $32.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $97.3M | ||
| Q3 25 | $166.3M | $32.4M | ||
| Q2 25 | — | $-324.1M | ||
| Q1 25 | $233.9M | $24.4M | ||
| Q4 24 | — | $66.5M | ||
| Q3 24 | $154.4M | $25.2M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.9% | ||
| Q3 25 | 24.3% | 7.0% | ||
| Q2 25 | — | -67.1% | ||
| Q1 25 | 36.4% | 5.6% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | 24.6% | 5.1% | ||
| Q2 24 | — | -1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.3% | ||
| Q3 25 | 3.1% | 1.2% | ||
| Q2 25 | 2.0% | 1.6% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 5.4% | 1.9% | ||
| Q3 24 | 2.4% | 1.4% | ||
| Q2 24 | 2.5% | 1.8% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 5.61× | ||
| Q3 25 | 4.93× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | — | 2.55× | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | — | — |
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% |
UIS
Segment breakdown not available.
