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Churchill Downs Inc（CHDN）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
Sinclair, Inc.的季度营收约是Churchill Downs Inc的1.3倍（$836.0M vs $663.0M），Sinclair, Inc.净利率更高（13.0% vs 12.5%，领先0.5%），Churchill Downs Inc同比增速更快（3.1% vs -16.7%），过去两年Sinclair, Inc.的营收复合增速更高（2.4% 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。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
CHDN vs SBGI — 直观对比
营收规模更大
SBGI
是对方的1.3倍
$663.0M
营收增速更快
CHDN
高出19.8%
-16.7%
净利率更高
SBGI
高出0.5%
12.5%
两年增速更快
SBGI
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $836.0M |
| 净利润 | $83.0M | $109.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.6% | 9.6% |
| 净利率 | 12.5% | 13.0% |
| 营收同比 | 3.1% | -16.7% |
| 净利润同比 | 7.8% | -38.1% |
| 每股收益（稀释后） | $1.16 | $1.62 |
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CHDNSBGI
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | $836.0M | ||
| Q3 25 | $683.0M | $773.0M | ||
| Q2 25 | $934.4M | $784.0M | ||
| Q1 25 | $642.6M | $776.0M | ||
| Q4 24 | $624.2M | $1.0B | ||
| Q3 24 | $628.5M | $917.0M | ||
| Q2 24 | $890.7M | $829.0M |
净利润CHDNSBGI
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $109.0M | ||
| Q3 25 | $38.1M | $-1.0M | ||
| Q2 25 | $216.9M | $-64.0M | ||
| Q1 25 | $76.7M | $-156.0M | ||
| Q4 24 | $71.7M | $176.0M | ||
| Q3 24 | $65.4M | $94.0M | ||
| Q2 24 | $209.3M | $17.0M |
营业利润率CHDNSBGI
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 9.6% | ||
| Q3 25 | 14.3% | 7.5% | ||
| Q2 25 | 35.1% | 2.7% | ||
| Q1 25 | 20.9% | 1.8% | ||
| Q4 24 | 20.3% | 26.5% | ||
| Q3 24 | 20.0% | 19.5% | ||
| Q2 24 | 37.0% | 7.7% |
净利率CHDNSBGI
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 13.0% | ||
| Q3 25 | 5.6% | -0.1% | ||
| Q2 25 | 23.2% | -8.2% | ||
| Q1 25 | 11.9% | -20.1% | ||
| Q4 24 | 11.5% | 17.5% | ||
| Q3 24 | 10.4% | 10.3% | ||
| Q2 24 | 23.5% | 2.1% |
每股收益（稀释后）CHDNSBGI
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.91 | ||
| Q1 25 | — | $-2.30 | ||
| Q4 24 | — | $2.64 | ||
| Q3 24 | — | $1.43 | ||
| Q2 24 | — | $0.27 |
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 | $866.0M |
| 总债务越低越好 | $840.0M | $4.4B |
| 股东权益账面价值 | — | $443.0M |
| 总资产 | $7.5B | $5.9B |
| 负债/权益比越低杠杆越低 | — | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资CHDNSBGI
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $866.0M | ||
| Q3 25 | $180.5M | $526.0M | ||
| Q2 25 | $182.4M | $616.0M | ||
| Q1 25 | $174.2M | $631.0M | ||
| Q4 24 | $175.5M | $697.0M | ||
| Q3 24 | $152.7M | $536.0M | ||
| Q2 24 | $140.3M | $378.0M |
总债务CHDNSBGI
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益CHDNSBGI
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $443.0M | ||
| Q3 25 | $1.0B | $347.0M | ||
| Q2 25 | $1.0B | $361.0M | ||
| Q1 25 | $1.1B | $436.0M | ||
| Q4 24 | $1.1B | $583.0M | ||
| Q3 24 | $1.1B | $415.0M | ||
| Q2 24 | $1.0B | $340.0M |
总资产CHDNSBGI
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $5.9B | ||
| Q3 25 | $7.5B | $5.6B | ||
| Q2 25 | $7.4B | $5.7B | ||
| Q1 25 | $7.3B | $5.8B | ||
| Q4 24 | $7.3B | $5.9B | ||
| Q3 24 | $7.2B | $5.8B | ||
| Q2 24 | $7.2B | $5.7B |
负债/权益比CHDNSBGI
| Q1 26 | — | — | ||
| Q4 25 | — | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | — | 7.02× | ||
| Q3 24 | — | 9.86× | ||
| Q2 24 | — | 12.08× |
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 | $98.0M |
| 自由现金流经营现金流 - 资本支出 | — | $79.0M |
| 自由现金流率自由现金流/营收 | — | 9.4% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 3.55× | 0.90× |
| 过去12个月自由现金流最近4个季度 | — | $115.0M |
8季度趋势，按日历期对齐
经营现金流CHDNSBGI
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $98.0M | ||
| Q3 25 | $187.7M | $-36.0M | ||
| Q2 25 | — | $122.0M | ||
| Q1 25 | $246.5M | $5.0M | ||
| Q4 24 | — | $198.0M | ||
| Q3 24 | $169.4M | $210.0M | ||
| Q2 24 | — | $-306.0M |
自由现金流CHDNSBGI
| Q1 26 | — | — | ||
| Q4 25 | — | $79.0M | ||
| Q3 25 | $166.3M | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | $233.9M | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | $154.4M | $193.0M | ||
| Q2 24 | — | $-329.0M |
自由现金流率CHDNSBGI
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | 24.3% | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | 36.4% | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | 24.6% | 21.0% | ||
| Q2 24 | — | -39.7% |
资本支出强度CHDNSBGI
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.3% | ||
| Q3 25 | 3.1% | 2.8% | ||
| Q2 25 | 2.0% | 2.2% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 5.4% | 2.3% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 2.5% | 2.8% |
现金转化率CHDNSBGI
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 0.90× | ||
| Q3 25 | 4.93× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | 2.59× | 2.23× | ||
| Q2 24 | — | -18.00× |
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% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
