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Churchill Downs Inc（CHDN）与NEXSTAR MEDIA GROUP, INC.（NXST）财务数据对比。点击上方公司名可切换其他公司
NEXSTAR MEDIA GROUP, INC.的季度营收约是Churchill Downs Inc的1.9倍（$1.3B vs $663.0M），Churchill Downs Inc净利率更高（12.5% vs -12.9%，领先25.4%），Churchill Downs Inc同比增速更快（3.1% vs -13.4%），过去两年NEXSTAR MEDIA GROUP, INC.的营收复合增速更高（0.2% 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。
Nexstar Media Group, Inc.是美国上市传媒企业，总部设于得克萨斯州欧文、曼哈顿中城及芝加哥，1996年6月17日成立。作为美国规模最大的电视台运营商，集团在全美共拥有197家电视台，多数为美国四大广播电视网及MyNetworkTV附属台，覆盖从纽约到得州圣安杰洛等不同规模的市场。
CHDN vs NXST — 直观对比
营收规模更大
NXST
是对方的1.9倍
$663.0M
营收增速更快
CHDN
高出16.6%
-13.4%
净利率更高
CHDN
高出25.4%
-12.9%
两年增速更快
NXST
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $1.3B |
| 净利润 | $83.0M | $-166.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.6% | 18.7% |
| 净利率 | 12.5% | -12.9% |
| 营收同比 | 3.1% | -13.4% |
| 净利润同比 | 7.8% | -168.6% |
| 每股收益（稀释后） | $1.16 | $-5.57 |
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CHDNNXST
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | $1.3B | ||
| Q3 25 | $683.0M | $1.2B | ||
| Q2 25 | $934.4M | $1.2B | ||
| Q1 25 | $642.6M | $1.2B | ||
| Q4 24 | $624.2M | $1.5B | ||
| Q3 24 | $628.5M | $1.4B | ||
| Q2 24 | $890.7M | $1.3B |
净利润CHDNNXST
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $-166.0M | ||
| Q3 25 | $38.1M | $70.0M | ||
| Q2 25 | $216.9M | $97.0M | ||
| Q1 25 | $76.7M | $108.0M | ||
| Q4 24 | $71.7M | $242.0M | ||
| Q3 24 | $65.4M | $187.0M | ||
| Q2 24 | $209.3M | $118.0M |
营业利润率CHDNNXST
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 18.7% | ||
| Q3 25 | 14.3% | 14.6% | ||
| Q2 25 | 35.1% | 17.3% | ||
| Q1 25 | 20.9% | 17.8% | ||
| Q4 24 | 20.3% | 28.1% | ||
| Q3 24 | 20.0% | 24.5% | ||
| Q2 24 | 37.0% | 18.9% |
净利率CHDNNXST
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | -12.9% | ||
| Q3 25 | 5.6% | 5.8% | ||
| Q2 25 | 23.2% | 7.9% | ||
| Q1 25 | 11.9% | 8.8% | ||
| Q4 24 | 11.5% | 16.3% | ||
| Q3 24 | 10.4% | 13.7% | ||
| Q2 24 | 23.5% | 9.3% |
每股收益（稀释后）CHDNNXST
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $-5.57 | ||
| Q3 25 | — | $2.14 | ||
| Q2 25 | — | $3.06 | ||
| Q1 25 | — | $3.37 | ||
| Q4 24 | — | $7.44 | ||
| Q3 24 | — | $5.27 | ||
| Q2 24 | — | $3.54 |
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 | $280.0M |
| 总债务越低越好 | $840.0M | $6.3B |
| 股东权益账面价值 | — | $2.1B |
| 总资产 | $7.5B | $10.8B |
| 负债/权益比越低杠杆越低 | — | 3.07× |
8季度趋势，按日历期对齐
现金及短期投资CHDNNXST
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $280.0M | ||
| Q3 25 | $180.5M | $236.0M | ||
| Q2 25 | $182.4M | $234.0M | ||
| Q1 25 | $174.2M | $253.0M | ||
| Q4 24 | $175.5M | $144.0M | ||
| Q3 24 | $152.7M | $181.0M | ||
| Q2 24 | $140.3M | $146.0M |
总债务CHDNNXST
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $6.8B |
股东权益CHDNNXST
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.0B | $2.3B |
总资产CHDNNXST
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $10.8B | ||
| Q3 25 | $7.5B | $11.2B | ||
| Q2 25 | $7.4B | $11.3B | ||
| Q1 25 | $7.3B | $11.4B | ||
| Q4 24 | $7.3B | $11.5B | ||
| Q3 24 | $7.2B | $11.7B | ||
| Q2 24 | $7.2B | $11.8B |
负债/权益比CHDNNXST
| Q1 26 | — | — | ||
| Q4 25 | — | 3.07× | ||
| Q3 25 | — | 2.78× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.89× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | — | 2.99× |
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 | $190.0M |
| 自由现金流经营现金流 - 资本支出 | — | $136.0M |
| 自由现金流率自由现金流/营收 | — | 10.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | $743.0M |
8季度趋势，按日历期对齐
经营现金流CHDNNXST
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $190.0M | ||
| Q3 25 | $187.7M | $117.0M | ||
| Q2 25 | — | $247.0M | ||
| Q1 25 | $246.5M | $337.0M | ||
| Q4 24 | — | $411.0M | ||
| Q3 24 | $169.4M | $387.0M | ||
| Q2 24 | — | $176.0M |
自由现金流CHDNNXST
| Q1 26 | — | — | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | $166.3M | $87.0M | ||
| Q2 25 | — | $218.0M | ||
| Q1 25 | $233.9M | $302.0M | ||
| Q4 24 | — | $376.0M | ||
| Q3 24 | $154.4M | $358.0M | ||
| Q2 24 | — | $139.0M |
自由现金流率CHDNNXST
| Q1 26 | — | — | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | 24.3% | 7.3% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | 36.4% | 24.5% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 24.6% | 26.2% | ||
| Q2 24 | — | 11.0% |
资本支出强度CHDNNXST
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 4.2% | ||
| Q3 25 | 3.1% | 2.5% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 2.0% | 2.8% | ||
| Q4 24 | 5.4% | 2.4% | ||
| Q3 24 | 2.4% | 2.1% | ||
| Q2 24 | 2.5% | 2.9% |
现金转化率CHDNNXST
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.93× | 1.67× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | 3.21× | 3.12× | ||
| Q4 24 | — | 1.70× | ||
| Q3 24 | 2.59× | 2.07× | ||
| Q2 24 | — | 1.49× |
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% |
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
