vs
Churchill Downs Inc（CHDN）与Dayforce（DAY）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Dayforce的1.4倍（$663.0M vs $481.6M），Churchill Downs Inc净利率更高（12.5% vs -40.9%，领先53.4%），Dayforce同比增速更快（9.5% vs 3.1%），过去两年Dayforce的营收复合增速更高（9.8% 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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
CHDN vs DAY — 直观对比
营收规模更大
CHDN
是对方的1.4倍
$481.6M
营收增速更快
DAY
高出6.3%
3.1%
净利率更高
CHDN
高出53.4%
-40.9%
两年增速更快
DAY
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $481.6M |
| 净利润 | $83.0M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | 21.6% | 6.3% |
| 净利率 | 12.5% | -40.9% |
| 营收同比 | 3.1% | 9.5% |
| 净利润同比 | 7.8% | -9940.0% |
| 每股收益（稀释后） | $1.16 | $-1.23 |
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CHDNDAY
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | — | ||
| Q3 25 | $683.0M | $481.6M | ||
| Q2 25 | $934.4M | $464.7M | ||
| Q1 25 | $642.6M | $481.8M | ||
| Q4 24 | $624.2M | $465.2M | ||
| Q3 24 | $628.5M | $440.0M | ||
| Q2 24 | $890.7M | $423.3M |
净利润CHDNDAY
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | — | ||
| Q3 25 | $38.1M | $-196.8M | ||
| Q2 25 | $216.9M | $21.3M | ||
| Q1 25 | $76.7M | $14.9M | ||
| Q4 24 | $71.7M | $10.8M | ||
| Q3 24 | $65.4M | $2.0M | ||
| Q2 24 | $209.3M | $-1.8M |
毛利率CHDNDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% |
营业利润率CHDNDAY
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 14.3% | 6.3% | ||
| Q2 25 | 35.1% | 9.1% | ||
| Q1 25 | 20.9% | 6.4% | ||
| Q4 24 | 20.3% | 6.1% | ||
| Q3 24 | 20.0% | 4.7% | ||
| Q2 24 | 37.0% | 3.3% |
净利率CHDNDAY
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 5.6% | -40.9% | ||
| Q2 25 | 23.2% | 4.6% | ||
| Q1 25 | 11.9% | 3.1% | ||
| Q4 24 | 11.5% | 2.3% | ||
| Q3 24 | 10.4% | 0.5% | ||
| Q2 24 | 23.5% | -0.4% |
每股收益（稀释后）CHDNDAY
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-1.23 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $-0.01 |
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 | $627.6M |
| 总债务越低越好 | $840.0M | $631.1M |
| 股东权益账面价值 | — | $2.7B |
| 总资产 | $7.5B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资CHDNDAY
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | — | ||
| Q3 25 | $180.5M | $627.6M | ||
| Q2 25 | $182.4M | $625.2M | ||
| Q1 25 | $174.2M | $557.3M | ||
| Q4 24 | $175.5M | $579.7M | ||
| Q3 24 | $152.7M | $494.1M | ||
| Q2 24 | $140.3M | $465.4M |
总债务CHDNDAY
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $631.1M | ||
| Q2 25 | — | $631.8M | ||
| Q1 25 | — | $632.4M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
股东权益CHDNDAY
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.0B | $2.7B | ||
| Q1 25 | $1.1B | $2.6B | ||
| Q4 24 | $1.1B | $2.5B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.0B | $2.5B |
总资产CHDNDAY
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.5B | $8.7B | ||
| Q2 25 | $7.4B | $8.5B | ||
| Q1 25 | $7.3B | $9.5B | ||
| Q4 24 | $7.3B | $9.1B | ||
| Q3 24 | $7.2B | $8.1B | ||
| Q2 24 | $7.2B | $9.0B |
负债/权益比CHDNDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.49× |
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 | $31.2M |
| 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CHDNDAY
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $187.7M | $31.2M | ||
| Q2 25 | — | $112.7M | ||
| Q1 25 | $246.5M | $49.6M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $169.4M | $91.8M | ||
| Q2 24 | — | $99.2M |
自由现金流CHDNDAY
| 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CHDNDAY
| 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CHDNDAY
| 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CHDNDAY
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.93× | — | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | 3.21× | 3.33× | ||
| Q4 24 | — | 7.50× | ||
| Q3 24 | 2.59× | 45.90× | ||
| 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% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
