CHDN vs LTH
Churchill Downs Inc. and Life Time Group Holdings, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CHDN | LTH |
|---|---|---|
| Revenue | $2.9B | $3.0B |
| Net income | $383.0M | $373.7M |
| Gross margin | · | 47.6% |
| Net margin | 13.2% | 12.5% |
| Return on equity | 36.6% | 13.0% |
| Diluted EPS | · | $1.66 |
| Dividend / share | $0.44 | · |
| Payout ratio | 8.0% | · |
| Free cash flow | · | $-21.0M |
| Equity | $1.0B | $3.1B |
| Net debt / equity | 4.88× | 0.42× |
| Current ratio | 0.60× | 0.63× |
| Revenue CAGR 5y | 22.7% | 25.9% |
| Profit CAGR 5y | · | · |
CHDN and LTH book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (13.2% against 12.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | CHDN | LTH |
|---|---|---|
| FY2025 | $2.9B | $3.0B |
| FY2024 | $2.7B | $2.6B |
| FY2023 | $2.5B | $2.2B |
| FY2022 | $1.8B | $1.8B |
| FY2021 | $1.6B | $1.3B |
| FY2020 | $1.1B | $948.4M |
| FY2019 | $1.3B | $1.9B |
Bottom line
| Fiscal year | CHDN | LTH |
|---|---|---|
| FY2025 | $383.0M | $373.7M |
| FY2024 | $426.8M | $156.2M |
| FY2023 | $417.3M | $76.1M |
| FY2022 | $439.4M | $-1.8M |
| FY2021 | $249.1M | $-579.4M |
| FY2020 | $-81.9M | $-360.2M |
| FY2019 | $137.5M | $30.0M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$69,355,000 | LTH |
| FY2024 | +$113,305,000 | CHDN |
| FY2023 | +$245,107,000 | CHDN |
| FY2022 | −$12,757,000 | LTH |
| FY2021 | +$279,147,000 | CHDN |
| FY2020 | +$105,621,000 | CHDN |
| FY2019 | −$570,671,000 | LTH |
The higher-revenue side has changed between CHDN and LTH over this period. The gap has narrowed since the earliest year compared.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.7 pp | CHDN |
| FY2024 | +9.7 pp | CHDN |
| FY2023 | +13.5 pp | CHDN |
| FY2022 | +24.4 pp | CHDN |
| FY2021 | +59.6 pp | CHDN |
| FY2020 | +30.2 pp | CHDN |
| FY2019 | +8.7 pp | CHDN |
CHDN has kept the higher net margin in every one of these 7 fiscal years.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LTH's net margin has been more volatile than CHDN's over the 7 comparable fiscal years — 21.0 percentage points of standard deviation against 9.2.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CHDN led in net margin in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CHDN's return on equity has been more volatile than LTH's over the 7 comparable fiscal years — 35.3 percentage points of standard deviation against 15.3.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CHDN led in return on equity in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.