Churchill Downs Incorporated
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 74.00 $ to 117.60 $ · Last price: 94.80 $ (As of: October 30, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 10/30/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Gambling
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Churchill Downs Incorporated CHDN | 6.6 | 18.8 | 9.4 | 34.2 | 21.7 | 7.0 | -9.1 |
| Flutter Entertainment plc FLUT | 14.3 | – | 14.2 | 42.5 | 2.3 | 16.6 | -66.5 |
| DraftKings Inc DKNG | 10.6 | 264.8 | 103.2 | 76.1 | 0.4 | 27.0 | -32.4 |
| Lottomatica Group SpA LOTMY | 6.7 | 27.1 | 10.4 | 37.7 | 21.3 | 12.1 | 20.6 |
| SGHC Limited SGHC | 5.5 | 22.8 | 8.2 | 32.3 | 20.1 | 31.4 | 1.2 |
| Rush Street Interactive Inc RSI | 2.9 | 37.1 | 8.6 | 35.0 | 11.6 | 22.8 | -25.0 |
| Brightstar Lottery PLC BRSL | 1.8 | 34.7 | 3.9 | 48.5 | – | 0.0 | -38.1 |
| Accel Entertainment Inc ACEL | 0.9 | 19.4 | 6.4 | 31.4 | – | 8.1 | 12.1 |
| Codere Online US Corp CDRO | 0.4 | 290.7 | 51.1 | 85.4 | 2.6 | 4.8 | 41.3 |
| Median of companies shown | 5.5 | 30.9 | 9.4 | 37.7 | 11.6 | 12.1 | -9.1 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 1,309 | 194 | 108 | 1.07 | 227 | 685 | 2,254 |
| 2017 | 883 | 146 | 141 | 1.46 | 218 | 640 | 2,359 |
| 2018 | 1,009 | 189 | 353 | 4.24 | 198 | 473 | 1,725 |
| 2019 | 1,330 | 216 | 138 | 1.69 | 290 | 508 | 2,551 |
| 2020 | 1,054 | 60 | -82 | -1.03 | 142 | 367 | 2,686 |
| 2021 | 1,597 | 284 | 249 | 3.18 | 336 | 307 | 2,982 |
| 2022 | 1,810 | 322 | 439 | 5.71 | 537 | 552 | 6,207 |
| 2023 | 2,462 | 564 | 417 | 5.48 | 606 | 894 | 6,956 |
| 2024 | 2,734 | 709 | 427 | 5.72 | 773 | 1,084 | 7,276 |
| 2025 | 2,926 | 736 | 380 | 5.32 | 770 | 1,010 | 7,485 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.96 | 26.50 | 624 | 11.20 | 11.50 | 131 | 1 |
| 2025: Q1 | 1.03 | -4.20 | 643 | 8.70 | 11.90 | 247 | 166 |
| 2025: Q2 | 3.00 | 6.90 | 934 | 4.90 | 23.20 | 240 | 155 |
| 2025: Q3 | 0.53 | -38.20 | 683 | 8.70 | 5.50 | 188 | 128 |
| 2025: Q4 | 0.69 | -27.80 | 666 | 6.70 | 7.50 | 96 | 46 |
| 2026: Q1 | 1.16 | 12.20 | 663 | 3.20 | 12.20 | 295 | 236 |
| 2026: Q2 | – | – | 980 | 4.90 | 24.60 | 217 | 217 |
| 2026: Q3 | – | – | 696 | 1.90 | 11.50 | 148 | 148 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Growth
Quality & Balance Sheet
Breakout & Setup
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 6.79 | 6.49 – 7.06 | 3,017 | 10.7% | 9 |
| 12/31/2027 | 7.31 | 6.68 – 8.13 | 3,113 | 7.6% | 9 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 1.3% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $529.7M |
|---|---|
| Market cap | $6.62B |
| Free cash flow in year ten | $600.2M |
| Terminal value as a share of market value | 47.8% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available.
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 17.4%
- More than 10% revenue growth is expected for the coming year 3.6%
- Share count grows by less than 3% a year -2.5%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 17.6%
- Gross margin at 40% or higher and without meaningful erosion 33.6%
- Goodwill from acquisitions does not grow faster than revenue 12.0%
- Net debt below twice EBITDA 4.6 x EBITDA
- Operating cash flow covers the profits of the last three years 925 m
- Return on capital at 15% or higher, or up versus two years ago 10.9%
- Insiders hold at least 10% or are net buyers 5.9%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 9.4%
- Exp. sales growth 3Y > 5% 3.1%
- EBIT growth 10Y > 5% 16.0%
- Exp. EBIT growth 3Y > 5% 17.2%
- Net debt < 4x EBIT 6.7x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 72.1%
- Return on equity > 15% –
- ROCE > 15% 10.9%
- Expected return > 10% 22.7%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | Grissom Douglas C | Director | Other | 454 | 0.00 | – |
The company
About the Company
Churchill Downs Incorporated betreibt Veranstaltungsorte für Live- und historische Pferderennen, Online-Wettgeschäfte und regionale Casino-Glücksspielobjekte in den USA. Es ist in drei Segmenten tätig: Live and Historical Racing, Wagering Services and Solutions und Gaming.
- Employees
- 6,600
- Headquarters
- Louisville, KY
- Address
- 600 North Hurstbourne Parkway, 40222 Louisville, United States
- Phone
- 502 636 4400
- IPO Date
- 03/29/1993
- ISIN
- US1714841087
- Stock Split
- 2:1 on 05/22/2023
- Stock Split
- 3:1 on 01/28/2019
- Stock Split
- 2:1 on 04/15/1998
Management
| Name | Title | Birth Year |
|---|---|---|
| William C. Carstanjen | CEO & Director | 1968 |
| William E. Mudd | President & COO | 1971 |
| Marcia Ann Dall CPA | Executive VP & CFO | 1964 |
| Bradley K. Blackwell J.D. | Executive VP, General Counsel & Secretary | 1972 |
| Jon E. Rauch | VP & Chief Accounting Officer | – |
| Nate Simon | Senior VP & CTO | – |
| Sam Ullrich | Vice President of Investor Relations | – |
| Jason Sauer | Senior Vice President of Corporate Development | – |
| M. Katherine Armstrong | Senior VP of Human Resources | – |
| Michael W. Anderson | Senior VP & President of Churchill Downs Racetrack | 1971 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 10/28/2026 Churchill Downs Inc (CHDN): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 10/28/2026 Churchill Downs Inc (CHDN): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 10/28/2026 Churchill Downs Inc (CHDN): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 09/28/2026 Churchill Downs Inc (CHDN): Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 07/29/2026 Churchill Downs Inc (CHDN): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/29/2026 Churchill Downs Inc (CHDN): Other Events; Financial Statements and Exhibits SEC ↗
Data as of: October 30, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.