Churchill Downs vs Carters
Churchill Downs and Carters are similar in size: $2.93bn and $2.90bn of revenue in their latest fiscal years. Churchill Downs grew faster (7.0% against 1.9%). Churchill Downs kept more of each dollar of sales as profit: a net margin of 13.1% against 3.2%.
| Latest fiscal year | Churchill DownsCHDN, 2025 | CartersCRI, 2025 |
|---|---|---|
| Revenue | $2.93bn | $2.90bn |
| Revenue growth | 7.0% | 1.9% |
| Net income | $383m | $91.8m |
| Operating margin | — | 5.0% |
| Net margin | 13.1% | 3.2% |
| Return on equity | 36.6% | 10.3% |
| Free cash flow | $565m | $68.6m |
| Cash | $201m | $487m |
| Total debt | $5.16bn | $575m |
| Debt to equity | — | 62.2% |
| Dividend per share | $0.44 | $1.55 |
| Dividend yield | 0.5% | 3.1% |
| Share buybacks | $428m | $0 |
| Employees | 9,000 | 15,400 |
| Market value | $6.80bn | $1.14bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 66 (Moderate) | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |