Churchill Downs Incorporated CHDN R3K
Company Overview
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.
Why Investors Should Care
Generates a return on equity of 33.8%, reflecting efficient use of shareholder capital.
Net profit has compounded at 21.6% per year over the last five years.
Revenue has grown at a 22.7% CAGR over the past five years.
Trades at a P/E of 14.6, below the sector median of 19.0.
Operating margin of 36.5% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $2.93B (+7.0% YoY); net profit $383.00M.
- Trailing 12 Months Year-on-year growth — revenue +4.9%, earnings +14.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.7%, profit CAGR 21.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.65% |
| 1 Year: | 4.90% |
Compounded Profit Growth
| 5 Years: | 21.57% |
| 1 Year: | 14.40% |
Stock Price Performance
| 1 Year: | -16.81% |
| 6 Months: | +0.86% |
| 3 Months: | -1.16% |
| 1 Month: | -2.31% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)44.77 · Neutral
P/E of 14.57 is below the sector median of 18.98 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 33.8%.
- Compounding revenue at 22.7% over 5 years.
- Profit CAGR of 21.6% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 27.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CHDN Churchill Downs Incorporated R3K | 85.83 | 14.57 | $5.98B | 0.51% | 10.13% | 33.85% | 22.65% | 21.57% |
| 2 | AMZN Amazon.com, Inc. NDXSPXR3KAITECH | 256.97 | 20.66 | $2.77T | 0.00% | 13.33% | 30.56% | 24.04% | 32.72% |
| 3 | TSLA Tesla, Inc. NDXSPXR3KAI | 368.16 | 347.32 | $1.45T | 0.00% | 4.10% | 4.67% | 52.40% | 39.39% |
| 4 | HD The Home Depot, Inc. SPXR3K | 313.70 | 21.97 | $312.98B | 3.08% | 28.75% | 104.30% | 4.06% | 6.35% |
| 5 | BABA Alibaba Group Holding Limited AITECH | 112.66 | 25.43 | $280.03B | 0.93% | 4.16% | 6.36% | 5.62% | 12.49% |
| 6 | TM Toyota Motor Corporation | 191.45 | 8.46 | $226.71B | 3.23% | 5.24% | 12.40% | 10.91% | 16.22% |
| 7 | MCD McDonald's Corporation SPXR3K | 255.81 | 20.80 | $181.02B | 2.99% | 22.47% | - | 0.92% | 7.33% |
| 8 | TJX The TJX Companies, Inc. SPXR3K | 128.92 | 23.87 | $142.42B | 1.52% | 21.26% | 62.17% | 6.84% | 8.48% |
| 9 | BKNG Booking Holdings Inc. NDXSPXR3K | 180.30 | 20.03 | $139.71B | 0.87% | 70.23% | -96.88% | 16.93% | 22.07% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 383.10M | 559.50M | 768.50M | 572.50M | 590.90M | 890.70M | 628.50M | 643.00M | 934.00M | 683.00M | 663.00M | 980.00M |
| Operating Income | 105.90M | 9.40M | - | 12.50M | 113.60M | 14.00M | 32.40M | 8.40M | 123.30M | 26.80M | -12.80M | 19.70M | 136.60M | 20.50M | 12.00M | 28.00M | 156.40M | 27.80M | 3.50M | -11.60M | -400.00K | 49.50M | 22.70M | 46.70M | 135.40M | 67.60M | 47.40M | 199.70M | 63.00M | 119.90M | 225.60M | 112.30M | 126.30M | 330.00M | 125.90M | 135.00M | 327.00M | 98.00M | 143.00M | 357.00M |
| Net Income | 55.10M | 4.20M | - | 2.80M | 69.80M | 8.70M | - | 7.30M | 78.30M | 16.70M | - | 182.00M | 103.10M | 56.30M | - | 11.60M | 107.10M | 14.80M | - | -23.40M | -118.80M | 43.20M | - | 36.10M | 108.30M | 61.40M | 42.10M | 339.30M | 57.00M | 155.70M | 143.00M | 61.00M | 80.40M | 209.30M | 65.40M | 77.00M | 217.00M | 38.10M | 83.00M | 241.00M |
| Diluted EPS | 3.10 | 0.24 | 0.43 | 0.16 | 4.11 | 0.52 | 1.60 | 0.14 | 1.60 | 0.36 | 0.82 | 4.18 | 2.52 | 1.38 | 0.28 | 0.29 | 2.63 | 0.36 | 0.10 | -0.59 | -3.00 | 1.08 | 0.43 | 0.91 | 2.76 | 1.57 | 1.08 | 8.79 | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D Expense | 9.90M | 9.90M | - | 10.80M | 9.70M | 8.80M | - | 10.30M | 9.90M | 9.70M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | 0 | 0 | 0 | 0 | 0 | 822.40M | 882.60M | 1.01B | 1.33B | 1.05B | 1.60B | 1.81B | 2.46B | 2.73B | 2.93B |
| Operating Income | 34.73M | 31.57M | 81.01M | 96.55M | 90.10M | 90.40M | 126.30M | 172.50M | 145.70M | 188.80M | 215.70M | 60.20M | 284.40M | 321.80M | 564.00M | 709.00M | 683.80M |
| Net Income | 16.83M | 16.35M | 64.36M | 58.28M | 54.90M | 46.40M | 65.20M | 108.10M | 140.50M | 352.80M | 137.50M | -81.90M | 249.10M | 439.40M | 417.30M | 426.80M | 383.00M |
| Diluted EPS | 1.21 | 1.05 | 3.76 | 3.34 | 3.06 | 2.64 | 3.71 | 2.14 | 2.92 | 8.48 | 3.38 | -2.08 | 3.18 | 5.71 | 5.49 | - | - |
| R&D Expense | - | - | - | - | 0 | 0 | 39.40M | 39.00M | - | - | - | - | - | - | - | - | - |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.02B | 948.02M | 1.11B | 1.35B | 2.36B | 2.28B | 2.25B | 2.36B | 1.73B | 2.55B | 2.69B | 2.98B | 6.21B | 6.96B | 7.28B | 7.48B |
| Total Equity | 393.89M | 407.02M | 506.21M | 584.03M | 644.29M | 704.80M | 700.10M | 617.20M | 685.00M | 640.30M | 473.30M | 508.30M | 367.10M | 306.80M | 551.50M | 893.60M | 1.08B | 1.01B |
| Cash & Equivalents | 12.66M | 13.64M | 26.90M | 27.32M | 37.18M | 44.70M | 67.90M | 74.50M | 45.30M | 51.70M | 133.30M | 96.20M | 67.40M | 291.30M | 129.80M | 144.50M | 175.50M | 200.60M |
| Long Term Debt | - | - | 265.12M | 127.56M | 0 | 69.19M | 752.85M | 765.60M | 907.50M | 1.13B | 880.30M | 1.47B | 1.62B | 1.96B | 4.56B | 4.77B | 4.84B | 5.07B |
| Total Liabilities | - | - | 511.50M | 363.99M | 470.04M | 647.47M | 1.66B | 1.66B | 1.57B | 1.72B | 1.25B | 2.04B | 2.32B | 2.67B | 5.66B | 6.06B | 6.17B | 6.43B |
| Current Liabilities | - | - | 188.55M | 173.45M | 406.57M | 213.21M | 336.25M | 640.10M | 468.10M | 453.20M | 256.60M | 301.20M | 424.20M | 395.00M | 621.60M | 755.80M | 729.30M | 733.30M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 71.05M | 59.86M | 173.00M | 144.10M | 144.91M | 141.60M | 264.50M | 231.40M | 215.10M | 197.80M | 289.60M | 141.90M | - | 536.80M | 605.80M | 772.70M | 769.80M |
| Investing Cash Flow | -91.18M | -234.94M | -26.88M | -197.13M | -277.68M | -440.30M | -65.50M | -50.70M | -153.60M | 824.10M | -781.20M | -239.40M | - | -3.10B | -718.00M | -545.20M | -471.50M |
| Financing Cash Flow | 21.12M | 188.34M | -145.69M | 62.88M | 140.30M | 322.00M | -190.60M | -201.90M | -59.50M | -933.30M | 460.80M | 76.00M | - | 2.42B | 129.30M | -196.60M | -262.50M |
| Capital Expenditure | - | -61.95M | -22.67M | -41.30M | -48.77M | -22.70M | -31.10M | -30.90M | -33.30M | -29.60M | - | - | - | -456.80M | -676.50M | -547.00M | -460.20M |
| Free Cash Flow | - | -2.10M | 150.33M | 102.80M | 96.14M | 118.90M | 233.40M | 200.50M | 181.80M | 168.20M | - | - | - | 80.00M | -70.70M | 225.70M | 309.60M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -150.90M | 17.10M | 30.90M | 35.80M |
| Share Buybacks | 235.00K | 944.00K | 1.31M | 5.09M | 10.72M | 76.60M | 147.60M | 39.00M | 180.90M | 531.40M | 95.00M | 28.40M | 297.50M | 174.90M | 55.90M | 186.00M | 427.80M |
| Dividends Paid | 6.77M | 6.78M | 8.16M | 22.46M | 0 | 15.20M | 17.40M | 19.10M | 21.50M | 23.70M | 22.20M | 23.40M | 24.80M | 26.00M | 27.10M | 29.20M | 30.80M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - | 21.0% | 16.5% | 18.7% | 16.2% | 5.7% | 17.8% | 17.8% | 22.9% | 25.9% | 23.4% |
| Net Margin % | - | - | - | - | - | - | - | 13.1% | 15.9% | 35.0% | 10.3% | -7.8% | 15.6% | 24.3% | 17.0% | 15.6% | 13.1% |
| ROE % | 4.1% | 3.2% | 11.0% | 9.0% | 7.8% | 6.6% | 10.6% | 15.8% | 21.9% | 74.5% | 27.1% | -22.3% | 81.2% | 79.7% | 46.7% | 39.4% | 37.9% |
| ROCE % | - | 3.8% | 10.5% | 13.6% | 7.9% | 4.5% | 7.7% | 9.7% | 7.6% | 12.9% | 9.6% | 2.7% | 11.0% | 5.8% | 9.1% | 10.8% | 10.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.90% | 6.20M | $508.01M |
| 2 | Vanguard Portfolio Management LLC | 4.60% | 3.21M | $262.76M |
| 3 | Vanguard Capital Management LLC | 4.29% | 2.99M | $244.82M |
| 4 | FMR, LLC | 4.23% | 2.95M | $241.45M |
| 5 | LONDON CO OF VIRGINIA | 3.54% | 2.46M | $201.87M |
| 6 | State Street Corporation | 2.94% | 2.05M | $167.82M |
| 7 | Citadel Advisors Llc | 2.46% | 1.71M | $140.42M |
| 8 | Arrowstreet Capital, Limited Partnership | 2.07% | 1.44M | $118.31M |
| 9 | Geode Capital Management, LLC | 1.93% | 1.34M | $109.93M |
| 10 | Jennison Associates LLC | 1.80% | 1.26M | $103.01M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for CHDN
Churchill Downs (CHDN) As HRM Expansion Drives The Story, Fair Value Still Sits Higher - simplywall.st
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Public Employees Retirement System of Ohio Takes Position in Churchill Downs, Incorporated $CHDN - marketbeat.com
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A Look at Churchill Downs Inc (CHDN) After 3.5% Decline -- GF Va - gurufocus.com
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CHDN — Frequently Asked Questions
What is the current share price of Churchill Downs Incorporated (CHDN)?
As of 2026-09-19 21:16 PDT, Churchill Downs Incorporated (CHDN) trades at $85.83 on NasdaqGS. Its 52-week range is $82.14 to $117.59.
What is the market capitalisation of CHDN?
Churchill Downs Incorporated (CHDN) has a market capitalisation of $5.98B on NasdaqGS.
What is the P/E ratio of CHDN?
CHDN trades at a trailing price-to-earnings (P/E) ratio of 14.57. The industry average P/E is 18.98. Its price-to-book (P/B) ratio is 4.39.
Does CHDN pay a dividend?
Churchill Downs Incorporated (CHDN) currently offers a dividend yield of 0.51%.
What is the return on equity (ROE) of CHDN?
CHDN has a return on equity (ROE) of 33.85%. Its return on capital employed (ROCE) is 10.13%.
Is CHDN a good stock to buy?
This page provides a data-driven analysis of Churchill Downs Incorporated (CHDN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.