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Side-by-side financial comparison of Churchill Downs Inc (CHDN) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Churchill Downs Inc is the larger business by last-quarter revenue ($663.0M vs $339.5M, roughly 2.0× Westrock Coffee Co). Churchill Downs Inc runs the higher net margin — 12.5% vs -6.6%, a 19.2% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 3.1%). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
CHDN vs WEST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $663.0M | $339.5M |
| Net Profit | $83.0M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 21.6% | -2.6% |
| Net Margin | 12.5% | -6.6% |
| Revenue YoY | 3.1% | 48.3% |
| Net Profit YoY | 7.8% | 8.3% |
| EPS (diluted) | $1.16 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $683.0M | $354.8M | ||
| Q2 25 | $934.4M | $280.9M | ||
| Q1 25 | $642.6M | $213.8M | ||
| Q4 24 | $624.2M | $229.0M | ||
| Q3 24 | $628.5M | $220.9M | ||
| Q2 24 | $890.7M | $208.4M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $-22.6M | ||
| Q3 25 | $38.1M | $-19.1M | ||
| Q2 25 | $216.9M | $-21.6M | ||
| Q1 25 | $76.7M | $-27.2M | ||
| Q4 24 | $71.7M | $-24.6M | ||
| Q3 24 | $65.4M | $-14.3M | ||
| Q2 24 | $209.3M | $-17.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | -2.6% | ||
| Q3 25 | 14.3% | -2.4% | ||
| Q2 25 | 35.1% | -5.3% | ||
| Q1 25 | 20.9% | -6.1% | ||
| Q4 24 | 20.3% | -4.3% | ||
| Q3 24 | 20.0% | -5.8% | ||
| Q2 24 | 37.0% | -7.9% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | -6.6% | ||
| Q3 25 | 5.6% | -5.4% | ||
| Q2 25 | 23.2% | -7.7% | ||
| Q1 25 | 11.9% | -12.7% | ||
| Q4 24 | 11.5% | -10.7% | ||
| Q3 24 | 10.4% | -6.5% | ||
| Q2 24 | 23.5% | -8.5% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $-0.26 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | — | $-0.20 |
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 | $49.9M |
| Total DebtLower is stronger | $840.0M | $444.1M |
| Stockholders' EquityBook value | — | $-1.9M |
| Total Assets | $7.5B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $49.9M | ||
| Q3 25 | $180.5M | $34.0M | ||
| Q2 25 | $182.4M | $44.0M | ||
| Q1 25 | $174.2M | $33.1M | ||
| Q4 24 | $175.5M | $26.2M | ||
| Q3 24 | $152.7M | $22.4M | ||
| Q2 24 | $140.3M | $24.3M |
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $-1.9M | ||
| Q3 25 | $1.0B | $11.4M | ||
| Q2 25 | $1.0B | $18.2M | ||
| Q1 25 | $1.1B | $71.4M | ||
| Q4 24 | $1.1B | $97.5M | ||
| Q3 24 | $1.1B | $110.3M | ||
| Q2 24 | $1.0B | $81.5M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $1.2B | ||
| Q3 25 | $7.5B | $1.2B | ||
| Q2 25 | $7.4B | $1.2B | ||
| Q1 25 | $7.3B | $1.1B | ||
| Q4 24 | $7.3B | $1.1B | ||
| Q3 24 | $7.2B | $1.1B | ||
| Q2 24 | $7.2B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $295.0M | $36.7M |
| Free Cash FlowOCF − Capex | — | $27.8M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $36.7M | ||
| Q3 25 | $187.7M | $-26.6M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | $246.5M | $-22.1M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | $169.4M | $-332.0K | ||
| Q2 24 | — | $-23.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $27.8M | ||
| Q3 25 | $166.3M | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | $233.9M | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | $154.4M | $-36.7M | ||
| Q2 24 | — | $-59.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.2% | ||
| Q3 25 | 24.3% | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | 36.4% | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 24.6% | -16.6% | ||
| Q2 24 | — | -28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.6% | ||
| Q3 25 | 3.1% | 5.1% | ||
| Q2 25 | 2.0% | 7.3% | ||
| Q1 25 | 2.0% | 19.3% | ||
| Q4 24 | 5.4% | 7.9% | ||
| Q3 24 | 2.4% | 16.5% | ||
| Q2 24 | 2.5% | 17.4% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.93× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | — | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
