vs
Churchill Downs Inc（CHDN）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是Churchill Downs Inc的1.6倍（$1.1B vs $663.0M），泰瑞达净利率更高（23.7% vs 12.5%，领先11.2%），泰瑞达同比增速更快（43.9% vs 3.1%），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
CHDN vs TER — 直观对比
营收规模更大
TER
是对方的1.6倍
$663.0M
营收增速更快
TER
高出40.8%
3.1%
净利率更高
TER
高出11.2%
12.5%
两年增速更快
TER
近两年复合增速
-13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.0M | $1.1B |
| 净利润 | $83.0M | $257.2M |
| 毛利率 | — | 57.2% |
| 营业利润率 | 21.6% | 27.1% |
| 净利率 | 12.5% | 23.7% |
| 营收同比 | 3.1% | 43.9% |
| 净利润同比 | 7.8% | 75.9% |
| 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CHDNTER
| Q1 26 | $663.0M | — | ||
| Q4 25 | $665.9M | $1.1B | ||
| Q3 25 | $683.0M | $769.2M | ||
| Q2 25 | $934.4M | $651.8M | ||
| Q1 25 | $642.6M | $685.7M | ||
| Q4 24 | $624.2M | $752.9M | ||
| Q3 24 | $628.5M | $737.3M | ||
| Q2 24 | $890.7M | $729.9M |
净利润CHDNTER
| Q1 26 | $83.0M | — | ||
| Q4 25 | $51.3M | $257.2M | ||
| Q3 25 | $38.1M | $119.6M | ||
| Q2 25 | $216.9M | $78.4M | ||
| Q1 25 | $76.7M | $98.9M | ||
| Q4 24 | $71.7M | $146.3M | ||
| Q3 24 | $65.4M | $145.6M | ||
| Q2 24 | $209.3M | $186.3M |
毛利率CHDNTER
| Q1 26 | — | — | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
营业利润率CHDNTER
| Q1 26 | 21.6% | — | ||
| Q4 25 | 18.5% | 27.1% | ||
| Q3 25 | 14.3% | 18.9% | ||
| Q2 25 | 35.1% | 13.9% | ||
| Q1 25 | 20.9% | 17.6% | ||
| Q4 24 | 20.3% | 20.4% | ||
| Q3 24 | 20.0% | 20.6% | ||
| Q2 24 | 37.0% | 28.8% |
净利率CHDNTER
| Q1 26 | 12.5% | — | ||
| Q4 25 | 7.7% | 23.7% | ||
| Q3 25 | 5.6% | 15.5% | ||
| Q2 25 | 23.2% | 12.0% | ||
| Q1 25 | 11.9% | 14.4% | ||
| Q4 24 | 11.5% | 19.4% | ||
| Q3 24 | 10.4% | 19.8% | ||
| Q2 24 | 23.5% | 25.5% |
每股收益（稀释后）CHDNTER
| Q1 26 | $1.16 | — | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | — | $0.75 | ||
| Q2 25 | — | $0.49 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.14 |
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 | $293.8M |
| 总债务越低越好 | $840.0M | — |
| 股东权益账面价值 | — | $2.8B |
| 总资产 | $7.5B | $4.2B |
| 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CHDNTER
| Q1 26 | $200.0M | — | ||
| Q4 25 | $200.6M | $293.8M | ||
| Q3 25 | $180.5M | $272.7M | ||
| Q2 25 | $182.4M | $339.3M | ||
| Q1 25 | $174.2M | $475.6M | ||
| Q4 24 | $175.5M | $553.4M | ||
| Q3 24 | $152.7M | $510.0M | ||
| Q2 24 | $140.3M | $421.9M |
总债务CHDNTER
| Q1 26 | $840.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CHDNTER
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.8B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $1.1B | $2.8B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.0B | $2.7B |
总资产CHDNTER
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.5B | $4.2B | ||
| Q3 25 | $7.5B | $4.0B | ||
| Q2 25 | $7.4B | $3.8B | ||
| Q1 25 | $7.3B | $3.7B | ||
| Q4 24 | $7.3B | $3.7B | ||
| Q3 24 | $7.2B | $3.8B | ||
| Q2 24 | $7.2B | $3.6B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | — | $218.8M |
| 自由现金流率自由现金流/营收 | — | 20.2% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | 3.55× | 1.09× |
| 过去12个月自由现金流最近4个季度 | — | $450.4M |
8季度趋势，按日历期对齐
经营现金流CHDNTER
| Q1 26 | $295.0M | — | ||
| Q4 25 | — | $281.6M | ||
| Q3 25 | $187.7M | $49.0M | ||
| Q2 25 | — | $182.1M | ||
| Q1 25 | $246.5M | $161.6M | ||
| Q4 24 | — | $282.6M | ||
| Q3 24 | $169.4M | $166.3M | ||
| Q2 24 | — | $216.1M |
自由现金流CHDNTER
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | $166.3M | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | $233.9M | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | $154.4M | $114.4M | ||
| Q2 24 | — | $171.2M |
自由现金流率CHDNTER
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | 24.3% | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | 36.4% | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | 24.6% | 15.5% | ||
| Q2 24 | — | 23.5% |
资本支出强度CHDNTER
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 5.8% | ||
| Q3 25 | 3.1% | 6.1% | ||
| Q2 25 | 2.0% | 7.7% | ||
| Q1 25 | 2.0% | 9.3% | ||
| Q4 24 | 5.4% | 7.6% | ||
| Q3 24 | 2.4% | 7.0% | ||
| Q2 24 | 2.5% | 6.1% |
现金转化率CHDNTER
| Q1 26 | 3.55× | — | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | 4.93× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | 3.21× | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | 2.59× | 1.14× | ||
| Q2 24 | — | 1.16× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
