vs
ASSOCIATED BANC-CORP（ASB）与Churchill Downs Inc（CHDN）财务数据对比。点击上方公司名可切换其他公司
Churchill Downs Inc的季度营收约是ASSOCIATED BANC-CORP的1.7倍（$663.0M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 12.5%，领先18.7%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs -13.7%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
丘吉尔唐斯股份有限公司是丘吉尔唐斯赛马场的母公司，起家于美国肯塔基州路易斯维尔的单一赛马场，现已发展为业务覆盖美国多州的上市企业，旗下拥有赛马场、赌场、线上投注平台等多元业务板块。
ASB vs CHDN — 直观对比
营收规模更大
CHDN
是对方的1.7倍
$383.0M
净利率更高
ASB
高出18.7%
12.5%
两年增速更快
ASB
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $663.0M |
| 净利润 | $119.6M | $83.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 21.6% |
| 净利率 | 31.2% | 12.5% |
| 营收同比 | — | 3.1% |
| 净利润同比 | 566.6% | 7.8% |
| 每股收益（稀释后） | $0.70 | $1.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASBCHDN
| Q1 26 | $383.0M | $663.0M | ||
| Q4 25 | $310.0M | $665.9M | ||
| Q3 25 | $305.2M | $683.0M | ||
| Q2 25 | $300.0M | $934.4M | ||
| Q1 25 | $285.9M | $642.6M | ||
| Q4 24 | $270.3M | $624.2M | ||
| Q3 24 | $329.7M | $628.5M | ||
| Q2 24 | $321.8M | $890.7M |
净利润ASBCHDN
| Q1 26 | $119.6M | $83.0M | ||
| Q4 25 | $137.1M | $51.3M | ||
| Q3 25 | $124.7M | $38.1M | ||
| Q2 25 | $111.2M | $216.9M | ||
| Q1 25 | $101.7M | $76.7M | ||
| Q4 24 | $-161.6M | $71.7M | ||
| Q3 24 | $88.0M | $65.4M | ||
| Q2 24 | $115.6M | $209.3M |
营业利润率ASBCHDN
| Q1 26 | — | 21.6% | ||
| Q4 25 | 52.6% | 18.5% | ||
| Q3 25 | 50.5% | 14.3% | ||
| Q2 25 | 46.5% | 35.1% | ||
| Q1 25 | 42.3% | 20.9% | ||
| Q4 24 | -65.8% | 20.3% | ||
| Q3 24 | 32.8% | 20.0% | ||
| Q2 24 | 32.0% | 37.0% |
净利率ASBCHDN
| Q1 26 | 31.2% | 12.5% | ||
| Q4 25 | 44.2% | 7.7% | ||
| Q3 25 | 40.9% | 5.6% | ||
| Q2 25 | 37.1% | 23.2% | ||
| Q1 25 | 35.6% | 11.9% | ||
| Q4 24 | -59.8% | 11.5% | ||
| Q3 24 | 26.7% | 10.4% | ||
| Q2 24 | 35.9% | 23.5% |
每股收益（稀释后）ASBCHDN
| Q1 26 | $0.70 | $1.16 | ||
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $-1.10 | — | ||
| Q3 24 | $0.56 | — | ||
| Q2 24 | $0.74 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $200.0M |
| 总债务越低越好 | — | $840.0M |
| 股东权益账面价值 | $5.0B | — |
| 总资产 | $45.6B | $7.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASBCHDN
| Q1 26 | — | $200.0M | ||
| Q4 25 | — | $200.6M | ||
| Q3 25 | — | $180.5M | ||
| Q2 25 | — | $182.4M | ||
| Q1 25 | — | $174.2M | ||
| Q4 24 | — | $175.5M | ||
| Q3 24 | — | $152.7M | ||
| Q2 24 | — | $140.3M |
总债务ASBCHDN
| Q1 26 | — | $840.0M | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $594.1M | — | ||
| Q2 25 | $593.5M | — | ||
| Q1 25 | $591.4M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $844.3M | — | ||
| Q2 24 | $536.1M | — |
股东权益ASBCHDN
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $1.0B | ||
| Q3 25 | $4.9B | $1.0B | ||
| Q2 25 | $4.8B | $1.0B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.6B | $1.1B | ||
| Q3 24 | $4.4B | $1.1B | ||
| Q2 24 | $4.2B | $1.0B |
总资产ASBCHDN
| Q1 26 | $45.6B | $7.5B | ||
| Q4 25 | $45.2B | $7.5B | ||
| Q3 25 | $44.5B | $7.5B | ||
| Q2 25 | $44.0B | $7.4B | ||
| Q1 25 | $43.3B | $7.3B | ||
| Q4 24 | $43.0B | $7.3B | ||
| Q3 24 | $42.2B | $7.2B | ||
| Q2 24 | $41.6B | $7.2B |
负债/权益比ASBCHDN
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.13× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $295.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 3.55× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ASBCHDN
| Q1 26 | — | $295.0M | ||
| Q4 25 | $218.1M | — | ||
| Q3 25 | $158.0M | $187.7M | ||
| Q2 25 | $141.5M | — | ||
| Q1 25 | $98.2M | $246.5M | ||
| Q4 24 | $207.1M | — | ||
| Q3 24 | $105.1M | $169.4M | ||
| Q2 24 | $113.5M | — |
自由现金流ASBCHDN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $166.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $233.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $154.4M | ||
| Q2 24 | — | — |
自由现金流率ASBCHDN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 24.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 36.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | — | — |
资本支出强度ASBCHDN
| Q1 26 | — | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.5% |
现金转化率ASBCHDN
| Q1 26 | — | 3.55× | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | 4.93× | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 0.97× | 3.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.19× | 2.59× | ||
| Q2 24 | 0.98× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
CHDN
| Live and Historical Racing | $297.0M | 45% |
| Gaming | $257.0M | 39% |
| Wagering Services and Solutions | $109.0M | 16% |
