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Churchill Downs vs Canterbury Park Holding: CHDN and CPHC compared
Churchill Downs is the larger company: $696M of revenue in its latest quarter (Q3 2026) against $16.2M for Canterbury Park Holding (Q2 2026). Canterbury Park Holding is growing faster (+3% against +2% a year earlier). Churchill Downs is more profitable, with an operating margin of 20.5% against 1.8%.
Where the money goes: CHDN and CPHC
Churchill Downs (CHDN) · Q3 2026
Churchill Downs, Q3 2026: revenue $696M (+2% year over year), operating margin 20.5%, net earnings $80.0M, operating cash flow $148M. The chart follows the revenue to costs, profit and cash.
Canterbury Park Holding (CPHC) · Q2 2026
Canterbury Park Holding, Q2 2026: revenue $16.2M (+3% year over year), operating margin 1.8%, net loss $148K, operating cash flow $4.2M. The chart follows the revenue to costs, profit and cash.
| Churchill Downs (CHDN) | Canterbury Park Holding (CPHC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $696M | $16.2M |
| Revenue growth, Y/Y | +2% | +3% |
| Operating margin | 20.5% | 1.8% |
| Net earnings | $80.0M | −$148K |
| Net margin | 11.5% | -0.9% |
| Operating cash flow | $148M | $4.2M |
| Free cash flow | $108M | $3.6M |
| Market value | $6.9B | — |
| P/E | 15.1× | — |
| Analysts’ mean target | $126.83 | — |
Where the revenue comes from
Churchill Downs
- Live and Historical: $308M (44%)
- Gaming: $272M (39%)
- Wagering Services and Solutions: $116M (17%)
Canterbury Park Holding
- Casino: $9.6M (60%)
- Food and Beverage: $2.5M (15%)
- Pari-mutuel: $2.3M (14%)
- Product and Service, Other: $1.7M (11%)
Questions
Which is bigger, Churchill Downs or Canterbury Park Holding?
Churchill Downs is the larger company: $696M of revenue in its latest quarter (Q3 2026) against $16.2M for Canterbury Park Holding (Q2 2026).
Is Churchill Downs or Canterbury Park Holding growing faster?
Canterbury Park Holding is growing faster (+3% against +2% a year earlier).
Which is more profitable, Churchill Downs or Canterbury Park Holding?
Churchill Downs is more profitable, with an operating margin of 20.5% against 1.8%.
More: Churchill Downs earnings · how Churchill Downs makes money · Canterbury Park Holding earnings · how Canterbury Park Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.