SuperworthChurchill Downs CHDN
- Market cap
- $5.8B
- PE
- 14.4×
- 10y median 22.6×
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 2.0×
- EV/EBIT
- 13.7×
- Revenue, 12 months
- $3B
- +6% on a year ago
- Net margin
- 13.8%
- Free cash flow yield
- 12.3%
Churchill Downs trades at 14.4× trailing earnings, cheaper than 91% of the last ten years. Revenue was $3B over the last twelve months, up 6% on a year earlier with a 14% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $572.5M+49% | $561.2M+17% | $590.9M+6% | $890.7M+16% | $628.5M+10% | $624.2M+11% | $642.6M+9% | $934.4M+5% | $683M+9% | $665.9M+7% | $663M+3% | $980M+5% | |
| Cost of revenue | $408.5M+46% | $400.2M+15% | $405.7M+5% | $502.7M+7% | $442.9M+8% | $444.5M+11% | $453.1M+12% | $542.3M+8% | $478.7M+8% | $469.2M+6% | $460M+2% | $561M+3% |
| Gross profit | $164M+60% | $161M+23% | $185.2M+8% | $388M+30% | $185.6M+13% | $179.7M+12% | $189.5M+2% | $392.1M+1% | $204.3M+10% | $196.7M+10% | $203M+7% | $419M+7% |
| R&D | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $50.2M+31% | $51.7M+0% | $54.8M+5% | $57.4M+19% | $59.8M+19% | $65.7M+27% | $54.5M−1% | $60.9M+6% | $59.3M−1% | $71.5M+9% | $59M+8% | $61M+0% |
| $112.3M+78% | $106.2M+808% | $126.3M+5% | $330M+46% | $125.9M+12% | $126.8M+19% | $134.6M+7% | $327M−1% | $98M−22% | $123.5M−3% | $143M+6% | $357M+9% | |
| Interest expense | $67.9M+88% | $70.6M+29% | $70.4M+9% | $73.5M+13% | $73.1M+8% | $72.8M+3% | $72.3M+3% | $75M+2% | $75.6M+3% | $75.6M+4% | $72M−0% | $70M−7% |
| Pre-tax income | $81.8M+11% | $71.9M | $101.8M−51% | $294.3M+48% | $86.1M+5% | $91M+27% | $95.9M−6% | $292M−1% | $61.2M−29% | $83.3M−9% | $113M+18% | $328M+12% |
| $20.8M+27% | $14.3M | $21.4M−60% | $84.1M+50% | $19.9M−4% | $18.7M+31% | $18.7M−13% | $74.4M−12% | $22M+11% | $31.8M+70% | $30M+60% | $86M+16% | |
| Net income | $61M+7% | $57.6M+5660% | $80.4M−48% | $209.3M+46% | $65.4M+7% | $71.7M+25% | $76.7M−5% | $216.9M+4% | $38.1M−42% | $51.3M−29% | $83M+8% | $241M+11% |
| $0.79+7% | $0.78+7700% | $1.08−47% | $2.79+50% | $0.86+9% | $0.95+22% | $1.02−6% | $2.99+7% | $0.54−37% | $0.71−25% | $1.16+14% | $3.42+14% | |
| 77.1M+1% | 74.3M−3% | 74.7M−2% | 74.6M−3% | 74.6M−3% | 74.6M+0% | 74.4M−0% | 72.3M−3% | 71M−5% | 69.7M−7% | 70M−6% | 70M−3% |
Gross profit: 34 periods, Q1 FY18 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 11 periods, Q2 FY11 to Q1 FY14: not printed by the filing, worked out from its own lines.
EPS, diluted: 16 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 13 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY13 and Q4 FY14: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY20: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Entertainment nearest Churchill Downs' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CHDNChurchill Downs | $5.8B | 14.4× | 22.6× | n/m | 2.0× | +6% | 13.8% |
| MTNVail Resorts | $5.2B | 35.4× | 32.2× | n/m | 1.8× | −4% | 5.2% |
| NXSTNexstar Media | $5.2B | 32.2× | 10.8× | n/m | 0.9× | +11% | 3.2% |
| CNKCinemark | $4.6B | 21.9× | 17.1× | n/m | 1.4× | +5% | 6.4% |
| RSIRush Street Interactive | $3.7B | 61.2× | 95.1× | n/m | 2.7× | +34% | 2.3% |
| MSGEMadison Square Garden Entertainment | $3.7B | 56.4× | 33.0× | n/m | 3.5× | +13% | 6.2% |
| ADEAAdeia | $2.3B | 19.6× | 21.0× | n/m | 5.0× | +24% | 26.1% |
| WMGWarner Music | $16.1B | 17.2× | 22.8× | n/m | 2.2× | +13% | 9.2% |
| FWONKLiberty Media | $22.4B | n/m | 20.6× | 42.0× | 5.2× | +12% | 9.4% |
| PRSUPursuit Attractions & Hospitality | $1.5B | 41.3× | 36.3× | n/m | 3.1× | +26% | 7.9% |
| ROKURoku | $23.5B | 67.8× | 101× | 48.7× | 4.5× | +19% | 6.8% |
| Peer median | $4.9B | 35.4× | 27.5× | 45.4× | 2.9× | +13% | 6.6% |
Investors who own it
Investors we follow who held Churchill Downs at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.0% of portfoliotrimmed
More on Churchill Downs
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 51Entertainment stocks with the highest profit margins
- #4of 23Entertainment stocks with the lowest PE ratio
- #7of 32Communication services stocks cheapest against their own PE history
- #8of 33Entertainment stocks with the highest free cash flow yield
- #9of 19Entertainment stocks with the fastest earnings growth
Its groups
About
- Industry
- Entertainment
- Sector
- Communication Services
Valuation data, not investment advice. Prices as of .