vs
Churchill Downs Inc（CHDN）与ROYAL GOLD INC（RGLD）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ROYAL GOLD INC的1.8倍（$663.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 12.5%，领先12.4%），ROYAL GOLD INC同比增速更快（85.3% vs 3.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% 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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
CHDN vs RGLD — 直观对比
营收规模更大
CHDN
是对方的1.8倍
$375.3M
营收增速更快
RGLD
高出82.2%
3.1%
净利率更高
RGLD
高出12.4%
12.5%
两年增速更快
RGLD
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $375.3M |
| 净利润 | $83.0M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 21.6% | 56.2% |
| 净利率 | 12.5% | 24.9% |
| 营收同比 | 3.1% | 85.3% |
| 净利润同比 | 7.8% | -12.8% |
| 每股收益（稀释后） | $1.16 | $1.04 |
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CHDNRGLD
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | $375.3M | ||
| Q3 25 | $683.0M | $252.1M | ||
| Q2 25 | $934.4M | $209.6M | ||
| Q1 25 | $642.6M | $193.4M | ||
| Q4 24 | $624.2M | $202.6M | ||
| Q3 24 | $628.5M | $193.8M | ||
| Q2 24 | $890.7M | $174.1M |
净利润CHDNRGLD
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $93.6M | ||
| Q3 25 | $38.1M | $126.8M | ||
| Q2 25 | $216.9M | $132.3M | ||
| Q1 25 | $76.7M | $113.5M | ||
| Q4 24 | $71.7M | $107.4M | ||
| Q3 24 | $65.4M | $96.2M | ||
| Q2 24 | $209.3M | $81.2M |
毛利率CHDNRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% |
营业利润率CHDNRGLD
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 56.2% | ||
| Q3 25 | 14.3% | 64.4% | ||
| Q2 25 | 35.1% | 67.7% | ||
| Q1 25 | 20.9% | 63.6% | ||
| Q4 24 | 20.3% | 65.9% | ||
| Q3 24 | 20.0% | 61.3% | ||
| Q2 24 | 37.0% | 58.6% |
净利率CHDNRGLD
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 24.9% | ||
| Q3 25 | 5.6% | 50.3% | ||
| Q2 25 | 23.2% | 63.1% | ||
| Q1 25 | 11.9% | 58.7% | ||
| Q4 24 | 11.5% | 53.0% | ||
| Q3 24 | 10.4% | 49.7% | ||
| Q2 24 | 23.5% | 46.6% |
每股收益（稀释后）CHDNRGLD
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 |
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 | $233.7M |
| 总债务越低越好 | $840.0M | — |
| 股东权益账面价值 | — | $7.2B |
| 总资产 | $7.5B | $9.5B |
| 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CHDNRGLD
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $233.7M | ||
| Q3 25 | $180.5M | $172.8M | ||
| Q2 25 | $182.4M | $248.2M | ||
| Q1 25 | $174.2M | $240.8M | ||
| Q4 24 | $175.5M | $195.5M | ||
| Q3 24 | $152.7M | $127.9M | ||
| Q2 24 | $140.3M | $74.2M |
总债务CHDNRGLD
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益CHDNRGLD
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $7.2B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.0B | $3.0B |
总资产CHDNRGLD
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $9.5B | ||
| Q3 25 | $7.5B | $4.5B | ||
| Q2 25 | $7.4B | $3.6B | ||
| Q1 25 | $7.3B | $3.5B | ||
| Q4 24 | $7.3B | $3.4B | ||
| Q3 24 | $7.2B | $3.3B | ||
| Q2 24 | $7.2B | $3.3B |
负债/权益比CHDNRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | $241.7M |
| 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× | 2.58× |
| 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CHDNRGLD
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $241.7M | ||
| Q3 25 | $187.7M | $174.0M | ||
| Q2 25 | — | $152.8M | ||
| Q1 25 | $246.5M | $136.4M | ||
| Q4 24 | — | $141.1M | ||
| Q3 24 | $169.4M | $136.7M | ||
| Q2 24 | — | $113.5M |
自由现金流CHDNRGLD
| 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CHDNRGLD
| 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CHDNRGLD
| 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CHDNRGLD
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 2.58× | ||
| Q3 25 | 4.93× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 3.21× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 2.59× | 1.42× | ||
| Q2 24 | — | 1.40× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
