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Side-by-side financial comparison of Canterbury Park Holding Corp (CPHC) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.

Canterbury Park Holding Corp is the larger business by last-quarter revenue ($12.4M vs $12.2M, roughly 1.0× Recon Technology, Ltd). Canterbury Park Holding Corp runs the higher net margin — -3.1% vs -6.8%, a 3.7% gap on every dollar of revenue. On growth, Recon Technology, Ltd posted the faster year-over-year revenue change (111.0% vs 3.9%).

Canterbury Park, is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack...

Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.

CPHC vs RCON — Head-to-Head

Bigger by revenue
CPHC
CPHC
1.0× larger
CPHC
$12.4M
$12.2M
RCON
Growing faster (revenue YoY)
RCON
RCON
+107.1% gap
RCON
111.0%
3.9%
CPHC
Higher net margin
CPHC
CPHC
3.7% more per $
CPHC
-3.1%
-6.8%
RCON

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CPHC
CPHC
RCON
RCON
Revenue
$12.4M
$12.2M
Net Profit
$-390.1K
$-832.7K
Gross Margin
33.5%
Operating Margin
2.6%
-14.6%
Net Margin
-3.1%
-6.8%
Revenue YoY
3.9%
111.0%
Net Profit YoY
68.7%
70.5%
EPS (diluted)
$-0.08
$-0.09

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
CPHC
CPHC
RCON
RCON
Q4 25
$12.4M
$12.2M
Q3 25
$18.3M
Q2 25
$15.7M
Q1 25
$13.1M
Q4 24
$12.0M
$5.8M
Q3 24
$19.3M
Q2 24
$16.2M
Q1 24
$14.1M
Net Profit
CPHC
CPHC
RCON
RCON
Q4 25
$-390.1K
$-832.7K
Q3 25
$487.3K
Q2 25
$-327.4K
Q1 25
$-299.2K
Q4 24
$-1.2M
$-2.8M
Q3 24
$2.0M
Q2 24
$338.3K
Q1 24
$998.2K
Gross Margin
CPHC
CPHC
RCON
RCON
Q4 25
33.5%
Q3 25
Q2 25
Q1 25
Q4 24
31.7%
Q3 24
Q2 24
Q1 24
Operating Margin
CPHC
CPHC
RCON
RCON
Q4 25
2.6%
-14.6%
Q3 25
5.7%
Q2 25
2.8%
Q1 25
4.9%
Q4 24
-0.8%
-63.9%
Q3 24
18.9%
Q2 24
6.9%
Q1 24
12.5%
Net Margin
CPHC
CPHC
RCON
RCON
Q4 25
-3.1%
-6.8%
Q3 25
2.7%
Q2 25
-2.1%
Q1 25
-2.3%
Q4 24
-10.4%
-48.9%
Q3 24
10.5%
Q2 24
2.1%
Q1 24
7.1%
EPS (diluted)
CPHC
CPHC
RCON
RCON
Q4 25
$-0.08
$-0.09
Q3 25
$0.10
Q2 25
$-0.06
Q1 25
$-0.06
Q4 24
$-0.25
$-0.31
Q3 24
$0.40
Q2 24
$0.07
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
CPHC
CPHC
RCON
RCON
Cash + ST InvestmentsLiquidity on hand
$17.1M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$83.9M
$66.4M
Total Assets
$112.6M
$77.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPHC
CPHC
RCON
RCON
Q4 25
$17.1M
$10.7M
Q3 25
$16.7M
Q2 25
$16.9M
Q1 25
$15.4M
Q4 24
$15.1M
$19.9M
Q3 24
$21.7M
Q2 24
$23.8M
Q1 24
$25.2M
Stockholders' Equity
CPHC
CPHC
RCON
RCON
Q4 25
$83.9M
$66.4M
Q3 25
$84.1M
Q2 25
$83.6M
Q1 25
$83.7M
Q4 24
$84.1M
$66.9M
Q3 24
$85.2M
Q2 24
$83.2M
Q1 24
$82.7M
Total Assets
CPHC
CPHC
RCON
RCON
Q4 25
$112.6M
$77.6M
Q3 25
$114.4M
Q2 25
$114.9M
Q1 25
$112.4M
Q4 24
$109.9M
$74.2M
Q3 24
$114.2M
Q2 24
$111.4M
Q1 24
$105.6M

Cash Flow & Capital Efficiency

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

Metric
CPHC
CPHC
RCON
RCON
Operating Cash FlowLast quarter
$-103.4K
$-1.9M
Free Cash FlowOCF − Capex
$-611.3K
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPHC
CPHC
RCON
RCON
Q4 25
$-103.4K
$-1.9M
Q3 25
$1.2M
Q2 25
$4.4M
Q1 25
$3.4M
Q4 24
$-2.8M
$-1.7M
Q3 24
$2.3M
Q2 24
$5.4M
Q1 24
$1.6M
Free Cash Flow
CPHC
CPHC
RCON
RCON
Q4 25
$-611.3K
Q3 25
$-395.3K
Q2 25
$3.2M
Q1 25
$2.5M
Q4 24
$-6.7M
Q3 24
$-25
Q2 24
$1.8M
Q1 24
$-601.0K
FCF Margin
CPHC
CPHC
RCON
RCON
Q4 25
-4.9%
Q3 25
-2.2%
Q2 25
20.5%
Q1 25
19.1%
Q4 24
-55.9%
Q3 24
-0.0%
Q2 24
11.1%
Q1 24
-4.3%
Capex Intensity
CPHC
CPHC
RCON
RCON
Q4 25
4.1%
Q3 25
9.0%
Q2 25
7.5%
Q1 25
6.5%
Q4 24
32.6%
Q3 24
11.8%
Q2 24
22.2%
Q1 24
15.7%
Cash Conversion
CPHC
CPHC
RCON
RCON
Q4 25
Q3 25
2.56×
Q2 25
Q1 25
Q4 24
Q3 24
1.12×
Q2 24
15.95×
Q1 24
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPHC
CPHC

Casino$9.5M76%
Other$1.9M15%
Food And Beverage$1.0M8%

RCON
RCON

Segment breakdown not available.

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