vs
Churchill Downs Inc（CHDN）与凯撒娱乐（CZR）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是Churchill Downs Inc的4.4倍（$2.9B vs $663.0M）。Churchill Downs Inc净利率更高（12.5% vs -8.6%，领先21.1%）。凯撒娱乐同比增速更快（4.2% vs 3.1%）。过去两年凯撒娱乐的营收复合增速更高（3.1% vs -13.7%）
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。
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
CHDN vs CZR — 直观对比
营收规模更大
CZR
是对方的4.4倍
$663.0M
营收增速更快
CZR
高出1.1%
3.1%
净利率更高
CHDN
高出21.1%
-8.6%
两年增速更快
CZR
近两年复合增速
-13.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $2.9B |
| 净利润 | $83.0M | $-250.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.6% | 11.4% |
| 净利率 | 12.5% | -8.6% |
| 营收同比 | 3.1% | 4.2% |
| 净利润同比 | 7.8% | -2372.7% |
| 每股收益（稀释后） | $1.16 | $-1.22 |
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CHDNCZR
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | $2.9B | ||
| Q3 25 | $683.0M | $2.9B | ||
| Q2 25 | $934.4M | $2.9B | ||
| Q1 25 | $642.6M | $2.8B | ||
| Q4 24 | $624.2M | $2.8B | ||
| Q3 24 | $628.5M | $2.9B | ||
| Q2 24 | $890.7M | $2.8B |
净利润CHDNCZR
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $-250.0M | ||
| Q3 25 | $38.1M | $-55.0M | ||
| Q2 25 | $216.9M | $-82.0M | ||
| Q1 25 | $76.7M | $-115.0M | ||
| Q4 24 | $71.7M | $11.0M | ||
| Q3 24 | $65.4M | $-9.0M | ||
| Q2 24 | $209.3M | $-122.0M |
营业利润率CHDNCZR
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 11.4% | ||
| Q3 25 | 14.3% | 17.9% | ||
| Q2 25 | 35.1% | 18.1% | ||
| Q1 25 | 20.9% | 17.5% | ||
| Q4 24 | 20.3% | 23.9% | ||
| Q3 24 | 20.0% | 22.4% | ||
| Q2 24 | 37.0% | 17.9% |
净利率CHDNCZR
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | -8.6% | ||
| Q3 25 | 5.6% | -1.9% | ||
| Q2 25 | 23.2% | -2.8% | ||
| Q1 25 | 11.9% | -4.1% | ||
| Q4 24 | 11.5% | 0.4% | ||
| Q3 24 | 10.4% | -0.3% | ||
| Q2 24 | 23.5% | -4.3% |
每股收益（稀释后）CHDNCZR
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $-1.22 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $-0.39 | ||
| Q1 25 | — | $-0.54 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.56 |
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 | $887.0M |
| 总债务越低越好 | $840.0M | $11.9B |
| 股东权益账面价值 | — | $3.5B |
| 总资产 | $7.5B | $31.6B |
| 负债/权益比越低杠杆越低 | — | 3.40× |
8季度趋势，按日历期对齐
现金及短期投资CHDNCZR
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $887.0M | ||
| Q3 25 | $180.5M | $836.0M | ||
| Q2 25 | $182.4M | $982.0M | ||
| Q1 25 | $174.2M | $884.0M | ||
| Q4 24 | $175.5M | $866.0M | ||
| Q3 24 | $152.7M | $802.0M | ||
| Q2 24 | $140.3M | $830.0M |
总债务CHDNCZR
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $11.9B | ||
| Q3 25 | — | $11.9B | ||
| Q2 25 | — | $12.3B | ||
| Q1 25 | — | $12.3B | ||
| Q4 24 | — | $12.3B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.4B |
股东权益CHDNCZR
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $3.5B | ||
| Q3 25 | $1.0B | $3.8B | ||
| Q2 25 | $1.0B | $3.9B | ||
| Q1 25 | $1.1B | $4.1B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.1B | $4.2B | ||
| Q2 24 | $1.0B | $4.3B |
总资产CHDNCZR
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $31.6B | ||
| Q3 25 | $7.5B | $31.9B | ||
| Q2 25 | $7.4B | $32.5B | ||
| Q1 25 | $7.3B | $32.4B | ||
| Q4 24 | $7.3B | $32.6B | ||
| Q3 24 | $7.2B | $33.0B | ||
| Q2 24 | $7.2B | $33.1B |
负债/权益比CHDNCZR
| Q1 26 | — | — | ||
| Q4 25 | — | 3.40× | ||
| Q3 25 | — | 3.15× | ||
| Q2 25 | — | 3.15× | ||
| Q1 25 | — | 3.04× | ||
| Q4 24 | — | 2.96× | ||
| Q3 24 | — | 3.04× | ||
| Q2 24 | — | 2.89× |
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 | $304.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.0M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 5.4% |
| 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 | — | $497.0M |
8季度趋势，按日历期对齐
经营现金流CHDNCZR
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $304.0M | ||
| Q3 25 | $187.7M | $318.0M | ||
| Q2 25 | — | $462.0M | ||
| Q1 25 | $246.5M | $218.0M | ||
| Q4 24 | — | $309.0M | ||
| Q3 24 | $169.4M | $232.0M | ||
| Q2 24 | — | $454.0M |
自由现金流CHDNCZR
| Q1 26 | — | — | ||
| Q4 25 | — | $147.0M | ||
| Q3 25 | $166.3M | $123.0M | ||
| Q2 25 | — | $232.0M | ||
| Q1 25 | $233.9M | $-5.0M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | $154.4M | $-192.0M | ||
| Q2 24 | — | $125.0M |
自由现金流率CHDNCZR
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | 24.3% | 4.3% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | 36.4% | -0.2% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 24.6% | -6.7% | ||
| Q2 24 | — | 4.4% |
资本支出强度CHDNCZR
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 5.4% | ||
| Q3 25 | 3.1% | 6.8% | ||
| Q2 25 | 2.0% | 7.9% | ||
| Q1 25 | 2.0% | 8.0% | ||
| Q4 24 | 5.4% | 10.0% | ||
| Q3 24 | 2.4% | 14.8% | ||
| Q2 24 | 2.5% | 11.6% |
现金转化率CHDNCZR
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.93× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | — | 28.09× | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | — | — |
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
CHDN
| Live and Historical Racing | $297.0M | 45% |
| Gaming | $257.0M | 39% |
| Wagering Services and Solutions | $109.0M | 16% |
CZR
暂无分部数据
