A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Churchill Downs Incorporated ("CDI" or the "Company") has been creating extraordinary entertainment experiences for over 150 years, beginning with the Company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the acquisition, development, and operation of live and historical racing entertainment venues, the growth of the online wagering businesses, and the acquisition, development, and operation of regional casino gaming properties. Business Segments The Company manages its business through three reportable segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. We aggregate our other businesses as well as certain corporate operations in All Other. We report net revenue and operating expense associated with these reportable segments and other information about these segments in Part II, Item 8. Financial Statements and Supplementary Data, contained within this Report.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.7B | 2.5B | 1.8B | 1.6B |
| Net Income | 383M | 383M | 427M | 417M | 439M | 249M |
| EPS | $5.29 | $5.29 | $5.68 | $5.49 | $5.71 | $3.18 |
| Free Cash Flow | 700M | 700M | 688M | 528M | 461M | 407M |
| ROIC | 16.9% | 18.5% | 20.2% | 17.2% | 9.4% | 12.1% |
| Gross Margin | 70.6% | 70.6% | 72.6% | 71.6% | 70.3% | 70.2% |
| Debt/Equity | 2.09 | 2.09 | 1.75 | 2.05 | 3.94 | 6.44 |
| Dividends/Share | $0.43 | $0.44 | $0.41 | $0.38 | $0.36 | $0.32 |
| Operating Income | 684M | 684M | 709M | 564M | 322M | 284M |
| Operating Margin | 23.4% | 23.4% | 25.9% | 22.9% | 17.8% | 17.8% |
| ROE | 37.9% | 36.6% | 39.4% | 46.7% | 79.7% | 81.2% |
| Shares Outstanding | 72M | 72M | 75M | 76M | 77M | 78M |
Churchill Downs Inc passes 8 of 9 quality checks, indicating strong fundamentals.
Churchill Downs Inc trades at 17.4x trailing earnings, compared to its 15-year median P/E of 23.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.5x vs a median of 19.4x. The company's 5-year average ROIC is 15.5% with a gross margin of 71.0%. Total shareholder yield (dividends + buybacks) is 6.9%. At current prices, the estimated annualized return to fair value is +48.1%.
Churchill Downs Inc (CHDN) has a current P/E ratio of 17.4, compared to its historical median P/E of 23.3. The stock is currently considered Fair based on its historical valuation range.
Churchill Downs Inc (CHDN) has a 5-year average return on invested capital (ROIC) of 15.5%. This indicates strong capital allocation and a potential competitive advantage.
Churchill Downs Inc (CHDN) has a market capitalization of $6.7B. It is classified as a mid-cap stock.
Yes, Churchill Downs Inc (CHDN) pays a dividend with a trailing twelve-month yield of 0.46%. The company also returns capital through share buybacks, with a buyback yield of 6.43%.
Based on historical P/E analysis, Churchill Downs Inc (CHDN) appears fair. The current P/E of 17.4 is 25% below its historical median of 23.3. The estimated fair value CAGR (P/E method) is 26.0%.
Churchill Downs Inc (CHDN) operates in the Services-Racing, Including Track Operation industry, within the Consumer Cyclical sector.
Churchill Downs Inc (CHDN) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Churchill Downs Inc (CHDN) has a net profit margin of 13.1%. This is a healthy margin.
Churchill Downs Inc (CHDN) generated $700 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Churchill Downs Inc (CHDN) has a debt-to-equity ratio of 2.09. This indicates higher leverage, which may increase financial risk.
Churchill Downs Inc (CHDN) reported earnings per share (EPS) of $5.29 in its most recent fiscal year.
Churchill Downs Inc (CHDN) has a return on equity (ROE) of 36.6%. This indicates the company generates strong returns for shareholders.
Churchill Downs Inc (CHDN) has a 5-year average gross margin of 71.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Churchill Downs Inc (CHDN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Churchill Downs Inc (CHDN) has a book value per share of $13.95, based on its most recent annual SEC filing.