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Churchill Downs(NASDAQ) CHDN

Market Cap$5.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1975)+113,448%
5 Year-8%
1 Year-21%
1 Month-5%
$84.28
+1.92%
+1.59Today
After hours$84.23-$0.05 (-0.06%)
Churchill Downs last closing stock price
MetricPriceDate
Last closeUSD 84.302026-07-31
Churchill Downs stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.54%USD 86.502026-07-24
1 month-5.44%USD 89.152026-07-01
3 month-14.55%USD 98.652026-05-01
Year to date-25.91%USD 113.782025-12-31
1 year-20.94%USD 106.632025-07-31
3 year-27.83%USD 116.812023-08-01
5 year-7.76%USD 91.392021-07-30
Since inception+113,448.13%USD 0.071975-01-06

Churchill Downs Financials at a Glance

Market Cap

$5.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.99B

Net Income (TTM)

$409.70M

EPS (TTM)

$5.83

P/E Ratio

14.46

Dividend

$0.44

Beta (Volatility)

0.95 (Low)

Price

$84.28

Volume

1,598,724.031

Open

$83.32

Previous Close

$84.30

Daily Range

$83.22 - $85.50

52-Week Range

$79.40 - $118.35

Estimated Earnings Date

Oct 28, 2026

CHDN News

Getty - swing fast pitch baseball wait patience home run.jpg

7 Best Sports Stocks for 2026 and How to Invest

Keith NoonanJun 16, 2026
GettyImages-2192767541

Is Churchill Downs Stock a Buy Before the Kentucky Derby?

Todd ShriberApr 12, 2026
BuyAlert-Red.png

Beck Bode Initiates Churchill Downs Position as Regional Gaming Expansion Lifts Growth Prospects

Eric TrieFeb 21, 2026
Horse Racing Fans

Churchill Downs Reopens for 2020's First Live Spectators

Rhian HuntOct 26, 2020
sportsbettingandigaming

Churchill Downs Launches Retail Sportsbooks in 2 New States

Howard SmithSep 28, 2020
Preparing for Race

Churchill Downs to Enforce 23,000 Spectator Limit at the Sept. 5 Kentucky Derby

Rhian HuntAug 12, 2020
Casino games

Churchill Downs Is Reopening Most of Its Casinos

Rhian HuntJun 12, 2020
20_03_31 Two hands pulling a pile of hundred dollar bills toward a body _GettyImages-637601856

Why Churchill Downs Stock Rocketed 32% Higher in May

Reuben Gregg BrewerJun 5, 2020
Page 1

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About Churchill Downs

Churchill Downs lets people enjoy horse racing and casino games in person and online. It helps fans bet on races and play gaming machines through several specialized brands. The company makes money from live events, digital betting platforms, and regional gaming venues.

The Betting Menu

  • Live and Historical Racing: Operates racetracks and venues featuring historical racing machines, which are gaming devices that look like slot machines but base outcomes on past horse races.
  • Wagering Services and Solutions: Provides digital platforms for horse racing and sports betting, including the online platform TwinSpires and horse racing data services.
  • Gaming: Owns and operates traditional casinos across eight states featuring slot machines, video lottery terminals, and table games.

Growth and Expansion

  • Acquired Exacta Systems in August 2023 to secure technology for historical racing machine systems.
  • Opened The Rose Gaming Resort in Virginia in November 2024 and launched Owensboro Racing & Gaming in February 2025.
  • Launched the Terre Haute Casino Resort in Indiana during April 2024 and completed a hotel addition the following month.
  • Sold a 49% stake in United Tote to a subsidiary of the New York Racing Association in April 2024.
  • Announced plans in January 2026 to redevelop a newly acquired New Hampshire property into the Rockingham Grand Casino.

What Makes It Different

The company owns the Kentucky Derby, which is the longest-running annual sporting event in the U.S. and provides a unique revenue stream through sponsorships and media rights. It integrates physical racetracks with a large-scale online betting network to reach customers across multiple digital and physical channels.

Financial Performance

  • Revenue reached $665.9 million in Q4 2025, up 6.7% from the same period in 2024.
  • Gross profit was $196.7 million in Q4 2025, representing a 9.5% increase year-over-year.
  • Net income fell to $49.8 million in Q4 2025, down 30.5% from Q4 2024.
  • Free cash flow rose to $15.9 million in Q4 2025, up from $1.2 million in the previous year.

Bottom Line

Churchill Downs has transitioned from a single iconic racetrack into a diversified gaming and technology firm. It balances seasonal high-profile racing events with year-round revenue from regional casinos and digital wagering platforms.

AI Generated • Apr 22, 2026

Industry

Hotels, Restaurants and Leisure

Sector

Consumer Discretionary

Employees

9,000

CEO

William C. Carstanjen

Website

www.churchilldownsincorporated.com

Headquarters

Louisville, KY 40222, US

CHDN Financials

Key Financial Metrics (TTM)

Gross Margin

52.94%

Operating Margin

24.21%

Net Income Margin

13.69%

Return on Equity

36.57%

Return on Capital

11.86%

Return on Assets

5.45%

Earnings Yield

6.92%

Dividend Yield

0.52%

Payout Ratio

7.76%

Stock Overview

Market Cap

$5.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

69.70M

Volume

1.60M

Avg. Volume

999.58K

Financials (TTM)

Gross Profit

$1.58B

Operating Income

$724.20M

EBITDA

$1.12B

Operating Cash Flow

$794.80M

Capital Expenditure

-$412.20M

Free Cash Flow

$382.60M

Cash & ST Invst.

$196.00M

Total Debt

$4.77B

Churchill Downs Performance Analysis

Churchill Downs annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,809,800,00013.3%
20232023-12-31USD 2,461,700,00036.0%
20242024-12-31USD 2,734,300,00011.1%
20252025-12-31USD 2,925,900,0007.0%
Churchill Downs sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-26.9%
Q42025-12-31-2.5%
Q12026-03-31-0.4%
Q22026-06-3047.8%
Churchill Downs annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 5.7179.6%
20232023-12-31USD 5.48-3.9%
20242024-12-31USD 5.683.6%
20252025-12-31USD 5.29-6.9%
Churchill Downs sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-82.3%
Q42025-12-3134.0%
Q12026-03-3163.4%
Q22026-06-30196.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$980.00M

+4.9%

Gross Profit

$980.00M

+149.9%

Gross Margin

100.00%

N/A

Market Cap

$5.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$652.86K

N/A

Employees

9,000

N/A

Net Income

$241.00M

+11.1%

EBITDA

$457.00M

+7.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$196.00M

+7.5%

Total Debt

$4.77B

-4.8%

Accounts Receivable

$129.00M

+9.0%

Inventory

$0.00

-100.0%

Long Term Debt

$4.11B

-16.8%

Short Term Debt

$663.00M

+822.1%

Return on Assets

5.45%

N/A

Return on Invested Capital

11.75%

N/A

Free Cash Flow

$159.00M

+2.6%

Operating Cash Flow

$217.00M

-9.6%

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Questions About CHDN

What is the current price of Churchill Downs?

Churchill Downs is trading at $84.30 per share.

What is the 52-week range for Churchill Downs?

Over the past 52 weeks, Churchill Downs has traded between $79.40 and $118.35.

How much debt does Churchill Downs have?

As of the most recent reporting period, Churchill Downs reported total debt of $4.78B.

How much cash does Churchill Downs have on hand?

Churchill Downs reported $295.00M in cash and cash equivalents in its most recent financial results.

What is Churchill Downs’s dividend yield?

Churchill Downs currently has a dividend yield of 0.52%.

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