YouTube · Q2 2026 · 2026-08-07
CHDN · NasdaqGS
Churchill Downs Incorporated
Gambling · United States
USD 78.731.5% daily changeQuote 2026-10-06 · USD
- Market cap (USD)
- US$5.49B
- Trailing P/E
- 13.44x
- Forward P/E
- 10.63x
- Quarterly revenue growth
- 4.9%
- Trailing net margin
- 13.8%
- Indicated dividend yield
- 0.6%
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).
Company background
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Company websiteQ1 2026
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Comparable businesses
CHDN peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | CHDNChurchill Downs IncorporatedSnapshot 2026-10-06Financial period: 2026-06-30 | DKNGDraftKings Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | FLUTFlutter Entertainment plcSnapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$5.49B | US$9.92B | US$13.44B | US$11.68Bn=2 |
| Forward P/EProvider forward earnings estimate | 10.63x | 11.90x | 10.89x | 11.39xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 10.21x | 86.81x | 15.57x | 51.19xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 4.9% | -4.6% | 3.3% | -0.6%n=2 |
| Operating marginLatest reported quarter | 36.5% | -4.7% | -3.3% | -4.0%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 2.5% | 4.7% | -7.4% | -1.4%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 4.70x | 7.59x | 6.91x | 7.25xn=2 |
| Debt / equityTotal debt / positive book equity | 3.49x | 3.36x | 1.34x | 2.35xn=2 |
| Trailing P/ETrailing twelve-month earnings | 13.44x | — | — | — |
| Price / bookPrice / positive book equity per share | 4.11x | 17.41x | 1.54x | 9.47xn=2 |
| EV / salesEnterprise value / trailing revenue | 3.38x | 1.71x | 1.44x | 1.58xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 14.4% | — | — | — |
| Gross marginTrailing twelve months | 34.2% | 76.1% | 42.5% | 59.3%n=2 |
| Net marginTrailing twelve months | 13.8% | -2.7% | -4.4% | -3.5%n=2 |
| Return on equityProvider trailing return; positive equity only | 33.8% | -21.1% | -7.9% | -14.5%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 4.6% | 7.4% | -5.8% | 0.8%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.6% | — | — | — |
| Earnings payoutProvider trailing dividend payout | 7.5% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 0.36x | 1.02x | 0.89x | 0.95xn=2 |
| BetaProvider historical market sensitivity | 0.77 | 1.61 | 1.14 | 1.37n=2 |
YouTube · Q2 2026 · 2026-08-07
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Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
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Financial data & calculation notes
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Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for CHDN
Q1 20262026-04-23
CHDN Stock: EPS Beats by 6% — Q1 2026 Earnings Analysis
Presentation · 2026-04-23 · YouTube