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Churchill Downs Inc（CHDN）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Churchill Downs Inc的1.1倍（$725.6M vs $663.0M），Reddit, Inc.净利率更高（34.7% vs 12.5%，领先22.2%），Reddit, Inc.同比增速更快（69.7% vs 3.1%），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CHDN vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.1倍
$663.0M
营收增速更快
RDDT
高出66.5%
3.1%
净利率更高
RDDT
高出22.2%
12.5%
两年增速更快
RDDT
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $725.6M |
| 净利润 | $83.0M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 21.6% | 31.9% |
| 净利率 | 12.5% | 34.7% |
| 营收同比 | 3.1% | 69.7% |
| 净利润同比 | 7.8% | 254.2% |
| 每股收益（稀释后） | $1.16 | $1.24 |
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CHDNRDDT
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | $725.6M | ||
| Q3 25 | $683.0M | $584.9M | ||
| Q2 25 | $934.4M | $499.6M | ||
| Q1 25 | $642.6M | $392.4M | ||
| Q4 24 | $624.2M | $427.7M | ||
| Q3 24 | $628.5M | $348.4M | ||
| Q2 24 | $890.7M | $281.2M |
净利润CHDNRDDT
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $251.6M | ||
| Q3 25 | $38.1M | $162.7M | ||
| Q2 25 | $216.9M | $89.3M | ||
| Q1 25 | $76.7M | $26.2M | ||
| Q4 24 | $71.7M | $71.0M | ||
| Q3 24 | $65.4M | $29.9M | ||
| Q2 24 | $209.3M | $-10.1M |
毛利率CHDNRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率CHDNRDDT
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 31.9% | ||
| Q3 25 | 14.3% | 23.7% | ||
| Q2 25 | 35.1% | 13.6% | ||
| Q1 25 | 20.9% | 1.0% | ||
| Q4 24 | 20.3% | 12.4% | ||
| Q3 24 | 20.0% | 2.0% | ||
| Q2 24 | 37.0% | -11.0% |
净利率CHDNRDDT
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 34.7% | ||
| Q3 25 | 5.6% | 27.8% | ||
| Q2 25 | 23.2% | 17.9% | ||
| Q1 25 | 11.9% | 6.7% | ||
| Q4 24 | 11.5% | 16.6% | ||
| Q3 24 | 10.4% | 8.6% | ||
| Q2 24 | 23.5% | -3.6% |
每股收益（稀释后）CHDNRDDT
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $0.80 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $4.76 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $-0.06 |
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 | $953.6M |
| 总债务越低越好 | $840.0M | — |
| 股东权益账面价值 | — | $2.9B |
| 总资产 | $7.5B | $3.2B |
| 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CHDNRDDT
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $953.6M | ||
| Q3 25 | $180.5M | $911.7M | ||
| Q2 25 | $182.4M | $734.1M | ||
| Q1 25 | $174.2M | $635.7M | ||
| Q4 24 | $175.5M | $562.1M | ||
| Q3 24 | $152.7M | $515.9M | ||
| Q2 24 | $140.3M | $468.0M |
总债务CHDNRDDT
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CHDNRDDT
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.9B | ||
| Q3 25 | $1.0B | $2.6B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B |
总资产CHDNRDDT
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $3.2B | ||
| Q3 25 | $7.5B | $2.9B | ||
| Q2 25 | $7.4B | $2.6B | ||
| Q1 25 | $7.3B | $2.4B | ||
| Q4 24 | $7.3B | $2.3B | ||
| Q3 24 | $7.2B | $2.2B | ||
| Q2 24 | $7.2B | $2.1B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | — | $263.6M |
| 自由现金流率自由现金流/营收 | — | 36.3% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 3.55× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流CHDNRDDT
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $266.8M | ||
| Q3 25 | $187.7M | $185.2M | ||
| Q2 25 | — | $111.3M | ||
| Q1 25 | $246.5M | $127.6M | ||
| Q4 24 | — | $90.0M | ||
| Q3 24 | $169.4M | $71.6M | ||
| Q2 24 | — | $28.4M |
自由现金流CHDNRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | $263.6M | ||
| Q3 25 | $166.3M | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | $233.9M | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $154.4M | $70.3M | ||
| Q2 24 | — | $27.2M |
自由现金流率CHDNRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 36.3% | ||
| Q3 25 | 24.3% | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | 36.4% | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 24.6% | 20.2% | ||
| Q2 24 | — | 9.7% |
资本支出强度CHDNRDDT
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.4% | ||
| Q3 25 | 3.1% | 0.4% | ||
| Q2 25 | 2.0% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 5.4% | 0.2% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 2.5% | 0.4% |
现金转化率CHDNRDDT
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | 4.93× | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | 3.21× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 2.59× | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
