Churchill Downs/$CHDN
1D1W1MYTD1Y5YMAX
Capital at risk
About Churchill Downs
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
- Ticker
- $CHDN
- Sector
- Consumer Discretionary
- Primary listing
- NASDAQ
- Employees
- 7,800
- Headquarters
- Louisville, United States
Churchill Downs Metrics
BasicAdvanced
$6B
14.63
$5.87
0.66
$0.44
0.51%
Price and volume
Market cap
$6B
Beta
0.66
52-week high
$118.35
52-week low
$79.40
Average daily volume
1.1M
Dividend rate
$0.44
Financial strength
Current ratio
0.356
Quick ratio
0.239
Long term debt to equity
300.935
Total debt to equity
349.173
Dividend payout ratio (TTM)
7.70%
Interest coverage (TTM)
2.64%
Profitability
EBITDA (TTM)
990.7
Gross margin (TTM)
34.18%
Net profit margin (TTM)
13.80%
Operating margin (TTM)
25.82%
Effective tax rate (TTM)
29.02%
Revenue per employee (TTM)
$380,000
Management effectiveness
Return on assets (TTM)
6.48%
Return on equity (TTM)
33.85%
Valuation
Price to earnings (TTM)
14.633
Price to revenue (TTM)
2.005
Price to book
4.48
Price to tangible book (TTM)
-2.9
Price to free cash flow (TTM)
15.681
Free cash flow yield (TTM)
6.38%
Free cash flow per share (TTM)
5.474
Dividend yield (TTM)
0.51%
Forward dividend yield
0.51%
Growth
Revenue change (TTM)
5.73%
Earnings per share change (TTM)
1.16%
3-year revenue growth (CAGR)
10.94%
10-year revenue growth (CAGR)
8.87%
3-year earnings per share growth (CAGR)
7.98%
10-year earnings per share growth (CAGR)
21.85%
3-year dividend per share growth (CAGR)
7.05%
10-year dividend per share growth (CAGR)
8.61%
What the Analysts think about Churchill Downs
Analyst ratings (Buy, Hold, Sell) for Churchill Downs stock.
Analyst projections of the future price of Churchill Downs stock.
Bulls say / Bears say
All-time record net revenue of $980 million in Q2 2026, up $46 million or 5% year-over-year, and record Adjusted EBITDA of $477 million, up $26 million or 6%, demonstrating strong underlying profitability. (SEC.gov)
Live and Historical Racing segment revenue climbed to $575 million in Q2 2026, driven by a record-breaking Derby Week that delivered peak viewership of 24.4 million (up 12%) and boosted broadcast, sponsorship, and wagering revenue. (SEC.gov)
Wagering Services and Solutions revenue rose 6% to $178 million in Q2 2026, powered by a $9 million increase in Horse Racing wagering and synergies from the Exacta acquisition. (GlobeNewswire)
Churchill Downs is exploring the sale of nine regional gaming properties, which could shrink its casino portfolio and limit future revenue diversification. (Reuters)
Net bank leverage rose to 3.7x at the end of Q2 2026, potentially increasing financial risk amid a rising interest-rate environment. (SEC.gov)
The company’s planned project capital expenditures of $180–220 million in 2026 may pressure free cash flow and constrain balance-sheet flexibility despite strong operating cash flow. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 26 Aug 2026.
Churchill Downs Financial Performance
Revenues and expenses
Churchill Downs Earnings Performance
Company profitability
Upcoming events
No upcoming events
Churchill Downs News
AllArticlesVideos
Funds containing Churchill Downs
AllUSDGBPEUR
Fund name | Fund size | $CHDN weighting |
|---|---|---|
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.16% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.16% |
iShares MSCI World Small Cap$WSML | $9B | 0.05% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.05% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.05% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.