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Churchill Downs Incorporated

Data quality: 100%
CHDN
NASDAQ Consumer Cyclical Gambling, Resorts & Casinos
$87.20
▲ $1.15 (1.34%)
Mkt Cap: 6.08B
Day Range
$85.61 $87.55
52-Week Range
$80.24 $118.46
Volume
951,321
50D / 200D Avg
$94.80 / $100.96
Prev Close
$86.05

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Consumer Cyclical sector median (611 peers)

Metric Stock Sector Median
P/E 16.0 11.1
P/B 6.0 1.4
ROE % 36.3 10.7
Net Margin % 13.0 5.2
Rev Growth 5Y % 16.3 8.1
D/E 5.2 0.8

Analyst Price Target

Hold
$144.84 +66.1%
Low: $60.75 High: $167.00
Forward P/E
13.10
Forward EPS
$6.66
EPS Growth (est.)
+0.0%
Est. Revenue
3.03B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2028 $8.46
$8.33 – $8.59
3.27B 1
FY2027 $7.32
$7.05 – $7.59
3.14B 4
FY2026 $6.66
$6.55 – $6.72
3.03B 5

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-02-25 $0.97 $0.97 +0.1%
2025-10-22 $0.97 $1.09 +12.4%
2025-07-23 $3.03 $3.10 +2.3%
2025-04-23 $1.04 $1.07 +2.9%
2025-02-19 $0.98 $0.92 -6.1%
2024-10-23 $1.06 $0.97 -8.5%
2024-07-24 $2.71 $2.89 +6.6%
2024-04-24 $0.83 $1.13 +36.1%

Dividend History

7 yr streak

Yield

0.00%

Payout Ratio

0.08%

Growth (3Y)

-15.03%

Growth (5Y)

-6.77%

Ex-Date Payment Date Amount Yield
Dec 05, 2025 Jan 06, 2026 $0.44 0.39%
Dec 06, 2024 Jan 03, 2025 $0.41 0.29%
Nov 30, 2023 Jan 05, 2024 $0.38 0.33%
Dec 01, 2022 Jan 06, 2023 $0.71 0.32%
Dec 02, 2021 Jan 07, 2022 $0.67 0.29%
Dec 03, 2020 Jan 06, 2021 $0.62 0.34%
Dec 05, 2019 Jan 03, 2020 $0.58 0.45%
Dec 06, 2018 Jan 04, 2019 $1.63 0.61%
Nov 30, 2017 Jan 05, 2018 $1.52 0.65%
Nov 30, 2016 Jan 06, 2017 $1.32 0.86%
Dec 02, 2015 Jan 06, 2016 $1.15 0.79%
Dec 03, 2014 Jan 07, 2015 $1.00 1.03%
Dec 04, 2013 Jan 06, 2014 $0.87 1.00%
Nov 26, 2012 Dec 21, 2012 $0.72 1.18%
Dec 28, 2011 Jan 23, 2012 $0.60 1.19%
Dec 29, 2010 Jan 24, 2011 $0.50 1.13%
Dec 29, 2009 Jan 25, 2010 $0.50 1.32%
Dec 29, 2008 Jan 21, 2009 $0.50 1.37%
Dec 26, 2007 Jan 23, 2008 $0.50 0.89%
Dec 27, 2006 Jan 24, 2007 $0.50 1.17%

Key Takeaways

Revenue grew 16.34% annually over 5 years — strong growth
Earnings declined -11.04% over the past year
ROE of 36.28% indicates high profitability
Debt/Equity of 5.15 — high leverage
Generating 494.90M in free cash flow
Revenue growth is decelerating — 1Y growth trails 5Y average by 9.33%

Growth

Revenue Growth (5Y)
16.34%
Revenue (1Y)7.01%
Earnings (1Y)-11.04%
FCF Growth (3Y)N/A

Quality

Return on Equity
36.28%
ROIC8.90%
Net Margin12.98%
Op. Margin25.17%

Safety

Debt / Equity
5.15
Current Ratio0.60
Interest Coverage2.47

Valuation

P/E Ratio
16.01
Forward P/E13.10
P/B Ratio6.02
EV/EBITDA14.92
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 7.01% Revenue Growth (3Y) 9.02%
Earnings Growth (1Y) -11.04% Earnings Growth (3Y) -4.61%
Revenue Growth (5Y) 16.34% Earnings Growth (5Y) 11.11%
Profitability
Revenue (TTM) 2.93B Net Income (TTM) 379.70M
ROE 36.28% ROA 5.07%
Gross Margin 33.58% Operating Margin 25.17%
Net Margin 12.98% Free Cash Flow (TTM) 494.90M
ROIC 8.90% FCF Growth (3Y) N/A
Safety
Debt / Equity 5.15 Current Ratio 0.60
Interest Coverage 2.47
Dividends
Dividend Yield 0.00% Payout Ratio 0.08%
Dividend Growth (3Y) -15.03% Dividend Growth (5Y) -6.77%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 16.01 Forward P/E 13.10
P/B Ratio 6.02 P/S Ratio 2.08
PEG Ratio -3.29 Forward PEG N/A
EV/EBITDA 14.92 Fwd EV/EBITDA 9.13
Forward P/S 2.00 Fwd Earnings Yield 7.63%
FCF Yield 8.14%
Market Cap 6.08B Enterprise Value 10.99B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 2.93B 2.73B 2.46B 1.81B 1.60B
Net Income 379.70M 426.80M 417.30M 439.40M 249.10M
EPS (Diluted) 5.32 5.68 5.48 5.71 3.18
Gross Profit 982.60M 938.50M 795.70M 566.40M 446.10M
Operating Income 736.40M 709.00M 564.00M 321.80M 284.40M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 7.48B 7.28B 6.96B 6.21B 2.98B
Total Liabilities 6.43B 6.17B 6.06B 5.66B 2.67B
Shareholders' Equity 1.01B 1.08B 893.60M 551.50M 306.80M
Total Debt 5.20B 4.92B 4.84B 4.61B 1.97B
Cash & Equivalents 288.50M 175.50M 144.50M 129.80M 291.30M
Current Assets 443.20M 412.30M 400.80M 344.50M 501.50M
Current Liabilities 733.30M 729.30M 755.80M 621.60M 395.00M