CHDNNasdaqServices-Racing, Including Track OperationFiscal year ends December 31
Churchill Downs Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$81.97+0.27 (+0.33%)
Close on Oct 19, 2026
- Market cap
- $5.74B
- P/E (TTM)
- 14.1
- Dividend yield
- 0.53%
Churchill Downs statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Services-Racing, Including Track Operation companies for comparison
Valuation
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Market Cap | $5.71B | $241.88M |
| Enterprise Value | $10.29B | $239.55M |
| PE Ratio | 14.06 | 25.55 |
| PS Ratio | 1.91 | 2.77 |
| PB Ratio | 4.26 | 2.71 |
| P/OCF Ratio | 7.19 | 11.14 |
Enterprise value
| Measure | Churchill Downs | Industry median |
|---|---|---|
| EV / Sales | 3.44 | 2.67 |
| EV / EBITDA | 10.80 | 12.62 |
| EV / EBIT | 14.26 | 19.65 |
Income (trailing twelve months)
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Revenue | $2.99B | $165.45M |
| Operating Income | $721.50M | -$92.05K |
| Pretax Income | $585.50M | $273.63K |
| Net Income | $413.40M | -$107.80K |
| EBITDA | $952.60M | $495.42K |
| EPS (Diluted) | $5.83 | -$0.00 |
Margins
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Operating Margin | 24.1% | 3.78% |
| Pretax Margin | 19.6% | 2.48% |
| Profit Margin | 13.8% | 3.21% |
| EBITDA Margin | 31.8% | 6.38% |
Returns
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Return on Equity (ROE) | 34.7% | 1.24% |
| Return on Assets (ROA) | 5.55% | -2.43% |
| Return on Invested Capital (ROIC) | 8.77% | 2.75% |
| Return on Capital Employed (ROCE) | 11.7% | 3.22% |
Growth
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 5.73% | 8.70% |
| Net Income Growth (YoY) | -4.11% | 11.3% |
| EPS Growth (YoY) | -0.34% | -8.50% |
| Revenue Growth (3Y CAGR) | 17.4% | 9.18% |
| Revenue Growth (5Y CAGR) | 22.7% | 25.8% |
Balance sheet
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $196.00M | $19.08M |
| Total Debt | $4.77B | $572.07M |
| Net Cash (Debt) | -$4.58B | $0 |
| Net Cash Per Share | -$65.67 | $0.00 |
| Equity (Book Value) | $1.34B | $18.69M |
| Book Value Per Share | $19.24 | $0.93 |
| Tangible Book Value | -$2.07B | -$468.64K |
| Working Capital | -$875.00M | -$331.68K |
Financial position
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Current Ratio | 0.36 | 0.82 |
| Quick Ratio | 0.24 | 0.49 |
| Debt / Equity | 3.56 | 0.86 |
| Debt / EBITDA | 5.01 | 4.28 |
| Net Debt / EBITDA | 4.80 | 2.82 |
| Interest Coverage | 2.46 | 1.37 |
Cash flow (trailing twelve months)
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Operating Cash Flow | $794.80M | $840.46K |
Efficiency
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Asset Turnover | 0.40 | 0.50 |
| Revenue Per Employee | $332.43K | $373.02K |
| Profits Per Employee | $45.93K | $2.13K |
| Employee Count | 9,000 | 247 |
Dividends and yields
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Earnings Yield | 7.24% | -0.11% |
| Dividend Yield | 0.53% | |
| Buyback Yield | 1.52% | 0.68% |
| Shareholder Yield | 2.05% | 1.66% |
| Dividend Per Share | $0.44 | |
| Dividend Growth (YoY) | 7.09% | |
| Years of Dividend Growth | 11 | |
| Payout Ratio | 7.69% | 61.8% |
Shares
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Shares Outstanding | 69,700,200 | 53,315,100 |
| Shares Change (YoY) | -4.91% | 1.13% |
| Float | 65,529,700 | 35,094,500 |
| Shares Held by Insiders | 5.98% | 28.9% |
| Shares Held by Institutions | 85.9% | 55.6% |
Taxes
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Income Tax | $169.80M | $596.00K |
| Effective Tax Rate | 29.0% | 26.7% |
Scores
| Measure | Churchill Downs | Industry median |
|---|---|---|
| Graham Number | $50.24 | $8.04 |
| Graham Upside | -38.7% | -50.9% |
| Altman Z-Score | 1.38 | 1.12 |
| Piotroski F-Score | 6 | 5 |
Calculated by StockData from Churchill Downs's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.