YOLFTbeta
Churchill Downs Incorporated

Churchill Downs Incorporated

CHDN · NASDAQ · Consumer Cyclical / Gambling

99.72USD+0.10 (+0.10%)

Price History

Full chart

Market Stats

Previous Close99.62
Open99.70
Day Range99.37 – 100.65
52-Week Range78.08 – 118.35
Volume764.60K
Market Cap5.53B
P/E (TTM)13.67
Forward P/E22.94
EPS5.81
Dividend Yield0.54%
Beta0.67
50-Day Avg86.22
200-Day Avg92.57

About

Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

Company Details

  • SectorConsumer Cyclical
  • IndustryGambling
  • CEOMr. William C. Carstanjen
  • Employees6.60K
  • Headquarters600 North Hurstbourne Parkway, Louisville, KY, United States, 40222, USA
  • Websitehttps://www.churchilldownsincorporated.com

Leadership

  • Mr. William C. CarstanjenCEO & Director · b. 1968
  • Mr. William E. MuddPresident & COO · b. 1971
  • Ms. Marcia Ann Dall CPAExecutive VP & CFO · b. 1964
  • Mr. Bradley K. Blackwell J.D.Executive VP, General Counsel & Secretary · b. 1972
  • Mr. Jon E. RauchVP & Chief Accounting Officer
  • Mr. Nate SimonSenior VP & CTO
  • Sam UllrichVice President of Investor Relations
  • Mr. Jason SauerSenior Vice President of Corporate Development
  • Ms. M. Katherine ArmstrongSenior VP of Human Resources
  • Mr. Michael W. AndersonSenior VP & President of Churchill Downs Racetrack · b. 1971

Financials

Income Statement

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue55.30M65.90M92.40M107.90M118.90M147.30M258.40M362.02M427.04M439.19M424.23M463.11M408.80M376.67M410.74M430.57M439.70M585.35M696.85M732.38M779.33M812.93M1.21B1.31B882.60M1.01B1.33B1.05B1.60B1.81B2.46B2.73B2.93B
Growth (%)-+19.17%+40.21%+16.77%+10.19%+23.89%+75.42%+40.10%+17.96%+2.85%-3.41%+9.16%-11.73%-7.86%+9.04%+4.83%+2.12%+33.12%+19.05%+5.10%+6.41%+4.31%+49.13%+7.94%-32.55%+14.32%+31.78%-20.73%+51.54%+13.31%+36.02%+11.07%+7.01%
Cost of Revenue27.90M32.90M69.30M82.00M90.80M113.30M196.10M270.32M345.64M353.70M345.93M383.46M342.23M301.61M326.40M344.28M354.01M491.35M551.32M568.81M606.15M634.03M922.90M993.00M629.80M719.40M986.70M860.50M1.15B1.24B1.67B1.80B1.94B
Gross Profit27.40M33.00M23.10M25.90M28.10M34.00M62.30M91.70M81.40M85.50M78.30M79.65M66.57M75.06M84.33M86.29M85.69M94.00M145.54M163.57M173.17M178.90M289.40M315.60M252.80M289.60M343.00M193.50M446.10M566.40M795.70M938.50M982.60M
Gross Margin49.55%50.08%25.00%24.00%23.63%23.08%24.11%25.33%19.06%19.47%18.46%17.20%16.28%19.93%20.53%20.04%19.49%16.06%20.89%22.33%22.22%22.01%23.87%24.12%28.64%28.70%25.80%18.36%27.93%31.30%32.32%34.32%33.58%
Operating Expense19.00M23.60M12.90M13.50M13.70M16.80M29.80M45.12M32.06M39.97M34.02M48.96M45.69M25.48M50.70M33.51M50.95M62.43M64.53M66.82M83.07M88.51M165.79M121.40M107.10M100.80M127.30M133.30M161.70M244.60M231.70M229.50M246.20M
Operating Income8.40M9.40M10.20M12.40M14.40M17.20M32.50M46.58M49.34M45.52M44.28M30.69M20.89M49.58M33.64M52.78M34.73M31.57M81.01M96.75M90.10M90.39M123.61M194.20M145.70M188.80M215.70M60.20M284.40M321.80M564.00M709.00M736.40M
Operating Margin15.19%14.26%11.04%11.49%12.11%11.68%12.58%12.87%11.55%10.36%10.44%6.63%5.11%13.16%8.19%12.26%7.90%5.39%11.63%13.21%11.56%11.12%10.20%14.84%16.51%18.71%16.22%5.71%17.81%17.78%22.91%25.93%25.17%
EBITDA10.80M12.70M14.70M17.20M19.00M22.90M43.80M63.86M70.19M65.07M44.28M53.04M48.80M70.50M56.92M80.84M66.43M80.60M159.18M151.56M153.49M165.62M263.40M266.80M225.20M338.00M368.30M185.90M536.80M875.10M1.01B1.07B1.07B
EBITDA Margin19.53%19.27%15.91%15.94%15.98%15.55%16.95%17.64%16.44%14.81%10.44%11.45%11.94%18.72%13.86%18.78%15.11%13.77%22.84%20.69%19.69%20.37%21.73%20.39%25.52%33.50%27.70%17.64%33.61%48.35%40.84%39.05%36.56%
Net Income5.90M6.20M6.20M8.10M9.10M10.50M15.00M19.16M22.08M20.97M24.00M9.10M78.91M29.81M15.73M28.55M16.83M16.35M64.36M58.28M54.90M46.36M65.20M108.10M140.50M352.80M137.50M-81.90M249.10M439.40M417.30M426.80M379.70M
Net Income Margin10.67%9.41%6.71%7.51%7.65%7.13%5.80%5.29%5.17%4.77%5.66%1.96%19.30%7.91%3.83%6.63%3.83%2.79%9.24%7.96%7.04%5.70%5.38%8.26%15.92%34.97%10.34%-7.77%15.60%24.28%16.95%15.61%12.98%
R&D------------------000039.40M39.00M17.50M7.30M8.80M9.40M10.30M10.70M11.20M--
R&D as % of Total Revenue------------------0.00%0.00%0.00%0.00%3.25%2.98%1.98%0.72%0.66%0.89%0.64%0.59%0.45%--
Interest Expense000000014.85M12.60M8.83M6.22M01.58M1.87M584.00K2.20M1.66M6.18M8.92M4.53M6.23M20.80M28.60M43.70M49.30M40.10M70.90M80.00M84.70M147.30M268.40M289.80M297.70M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%4.10%2.95%2.01%1.47%0.00%0.39%0.50%0.14%0.51%0.38%1.06%1.28%0.62%0.80%2.56%2.36%3.34%5.59%3.97%5.33%7.59%5.30%8.14%10.90%10.60%10.17%

Balance Sheet

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets56.80M70.20M77.50M80.70M85.80M114.70M398.00M470.00M470.71M469.21M505.51M641.96M514.54M546.33M624.82M637.67M725.40M1.02B948.02M1.11B1.35B2.36B2.28B2.25B2.36B1.73B2.55B2.69B2.98B6.21B6.96B7.28B7.48B
Total Liabilities19.80M28.10M30.80M32.90M32.40M49.50M259.90M267.52M253.48M234.22M250.53M403.53M198.31M196.25M257.26M243.78M318.38M511.50M363.99M470.04M647.47M1.66B1.66B1.57B1.72B1.25B2.04B2.32B2.67B5.66B6.06B6.17B6.43B
Total Equity37.00M42.00M46.70M47.80M53.40M65.20M138.10M202.49M217.24M235.00M254.98M238.43M316.23M350.08M367.56M393.89M407.02M506.21M584.03M644.29M704.79M700.00M617.20M685.00M640.30M473.30M508.30M367.10M306.80M551.50M893.60M1.08B1.01B
Cash11.10M2.50M5.90M8.20M9.30M6.40M29.10M10.81M15.73M14.66M16.44M27.71M22.74M20.75M15.35M12.66M13.64M26.90M27.32M37.18M44.71M67.94M74.53M48.70M51.70M133.30M96.20M67.40M291.30M129.80M144.50M175.50M288.50M
Total Debt600.00K8.70M6.50M3.00M2.70M13.60M181.50M158.04M133.35M123.35M126.84M242.77M28.57M13.39M82.22M57.37M113.57M285.85M133.04M215.75M370.16M764.10M781.80M921.70M1.13B884.30M1.47B1.62B1.97B4.61B4.84B4.92B5.20B
Net Debt-10.50M6.20M600.00K-5.20M-6.60M7.20M152.40M147.23M117.79M108.69M108.78M217.80M12.56M-7.36M66.88M44.72M99.92M258.95M105.71M178.58M325.46M696.17M707.30M876.40M1.08B751.00M1.38B1.55B1.68B4.48B4.70B4.74B4.91B

Cash Flow

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.70M11.40M16.50M15.10M10.50M10.80M39.70M27.23M48.31M35.42M47.04M48.40M-1.32M69.51M51.23M78.23M71.05M59.86M173.18M144.41M144.91M141.62M264.53M226.80M218.20M197.80M289.60M141.90M335.50M536.80M605.80M772.70M769.80M
Investing Cash Flow-1.90M-25.40M-9.10M-2.60M-6.90M-20.80M-240.40M-17.45M-10.13M-22.72M-41.75M-135.78M205.02M-47.02M-136.47M-49.20M-91.18M-234.94M-27.06M-199.99M-281.87M-440.31M-65.48M-50.70M-153.60M824.10M-781.20M-239.40M-100.40M-3.10B-718.00M-545.20M-471.50M
Financing Cash Flow-500.00K5.40M-4.20M-10.20M-2.50M7.00M223.30M-28.03M-33.26M-13.60M-3.51M98.65M-208.66M-16.91M72.52M-31.73M21.12M188.34M-145.69M65.43M144.49M322.05M-190.64M-201.90M-59.50M-933.30M460.80M76.00M-500.00K2.42B129.30M-196.60M-262.50M
Capital Expenditure1.40M23.30M8.60M2.60M4.60M20.80M240.40M22.42M14.63M22.72M40.85M77.17M43.24M46.60M45.63M40.15M85.19M64.70M24.92M43.55M51.42M56.74M45.76M57.20M116.90M149.40M163.30M234.20M91.80M456.80M676.50M547.00M460.20M
Free Cash Flow7.30M-11.90M7.90M12.50M5.90M-10.00M-200.70M4.81M33.68M12.70M6.18M-28.77M-44.56M22.91M5.59M38.08M-14.14M-4.84M148.26M100.86M93.49M84.88M218.77M169.60M101.30M48.40M126.30M-92.30M243.70M80.00M-70.70M225.70M309.60M
Dividends Paid-1.90M1.90M1.90M2.40M3.70M3.80M4.93M6.51M6.55M6.58M6.63M6.43M6.52M6.67M6.75M6.77M6.78M8.16M22.46M1.04B15.19M17.42M19.10M21.50M23.70M22.20M23.40M24.80M26.00M27.10M29.20M30.80M
FCF to OCF83.91%-104.39%47.88%82.78%56.19%-92.59%-505.54%17.67%69.72%35.85%13.15%-59.43%3363.25%32.96%10.92%48.68%-19.91%-8.09%85.61%69.84%64.52%59.94%82.70%74.78%46.43%24.47%43.61%-65.05%72.64%14.90%-11.67%29.21%40.22%
Dividend Paid to FCF--15.97%24.05%15.20%40.68%-37.00%-1.89%102.39%19.32%51.57%106.35%-23.03%-14.43%28.46%119.26%17.72%-47.85%-139.88%5.51%22.27%1112.51%17.89%7.96%11.26%21.22%48.97%17.58%-25.35%10.18%32.50%-38.33%12.94%9.95%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Aug 3, 1999Oct 28, 1999Feb 23, 2000May 10, 2000Jul 27, 2000Oct 25, 2000Feb 27, 2001May 9, 2001Jul 24, 2001Oct 23, 2001Feb 11, 2002May 7, 2002Jul 23, 2002Oct 22, 2002Feb 11, 2003May 6, 2003Jul 22, 2003Oct 21, 2003Feb 10, 2004May 4, 2004Jul 20, 2004Oct 19, 2004Mar 16, 2005May 10, 2005Aug 2, 2005Nov 7, 2005Mar 14, 2006May 9, 2006Aug 8, 2006Nov 7, 2006Mar 12, 2007May 8, 2007Aug 7, 2007Nov 7, 2007Mar 13, 2008May 6, 2008Aug 5, 2008Nov 5, 2008Mar 4, 2009May 6, 2009Jul 29, 2009Oct 28, 2009Mar 2, 2010May 5, 2010Aug 4, 2010Nov 3, 2010Mar 14, 2011May 9, 2011Jul 27, 2011Oct 26, 2011Mar 12, 2012May 7, 2012Aug 6, 2012Nov 5, 2012Feb 27, 2013Apr 24, 2013Jul 31, 2013Oct 30, 2013Feb 26, 2014Apr 23, 2014Jul 30, 2014Oct 29, 2014Feb 25, 2015Apr 27, 2015Jul 29, 2015Oct 28, 2015Feb 24, 2016Apr 28, 2016Aug 3, 2016Oct 27, 2016Feb 28, 2017Apr 26, 2017Jul 26, 2017Nov 1, 2017Feb 28, 2018Apr 25, 2018Aug 1, 2018Oct 31, 2018Feb 27, 2019Apr 24, 2019Jul 31, 2019Oct 30, 2019Feb 26, 2020Apr 29, 2020Jul 29, 2020Oct 28, 2020Feb 24, 2021Apr 21, 2021Jul 28, 2021Oct 27, 2021Feb 23, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 22, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Feb 21, 2024Apr 24, 2024Jul 24, 2024Oct 23, 2024Feb 19, 2025Apr 23, 2025Jul 23, 2025Oct 22, 2025Feb 25, 2026Apr 22, 2026Jul 29, 2026Oct 28, 2026
EPS Estimate-----0.590.030.09-0.300.620.220.05-0.280.560.190.09-0.160.280.100.06-0.150.340.090.01-0.150.350.03-0.01-0.320.390.04-0.01-0.140.330.05-0.04-0.130.350.03-0.07-0.110.370.03-0.06-0.100.350.04-0.07-0.080.34-0.02-0.04-0.050.360.05--0.020.420.060.060.020.480.070.06-0.530.07-0.01-0.030.580.110.120.080.600.160.210.130.780.120.190.181.240.250.140.201.410.27-0.060.17-0.330.370.270.281.290.751.100.572.000.791.670.902.510.860.740.832.701.060.951.043.010.980.891.003.511.33
EPS Actual-0.040.30-0.01-0.02-0.070.600.040.10-0.300.620.230.06-0.280.550.180.10-0.150.280.100.06-0.140.350.10-0.01-0.150.340.010.03-0.360.280.05-0.10-0.130.340.03-0.03-0.110.350.01-0.13-0.110.350.03-0.09-0.110.37-0.01-0.17-0.110.310.04-0.09-0.030.390.060.080.010.460.060.050.010.470.09-0.11-0.010.540.030.03-0.010.520.160.140.060.700.090.190.130.810.190.190.181.290.270.200.321.420.280.420.03-0.260.600.190.441.540.811.110.591.950.811.460.982.240.870.861.132.890.970.921.073.101.090.971.213.45-
Surprise-----1.69%33.33%11.11%0.00%0.00%4.55%20.00%0.00%-1.79%-5.26%11.11%6.25%0.00%0.00%0.00%6.67%2.94%11.11%-200.00%0.00%-2.86%-66.67%400.00%-12.50%-28.21%25.00%-900.00%7.14%3.03%-40.00%25.00%15.38%0.00%-66.67%-85.71%0.00%-5.41%0.00%-50.00%-10.00%5.71%-125.00%-142.86%-37.50%-8.82%300.00%-125.00%40.00%8.33%20.00%-150.00%9.52%0.00%-16.67%-50.00%-2.08%28.57%-283.33%-1.89%-57.14%400.00%66.67%-10.34%45.45%16.67%-25.00%16.67%-43.75%-9.52%0.00%3.85%58.33%0.00%0.00%4.03%8.00%42.86%60.00%0.71%3.70%800.00%-82.35%21.21%62.16%-29.63%57.14%19.38%8.00%0.91%3.51%-2.50%2.53%-12.57%8.89%-10.76%1.16%16.22%36.14%7.04%-8.49%-2.87%2.88%2.99%11.22%8.99%21.00%-1.71%-
Timing----------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.53B
Enterprise Value10.19B
Trailing P/E13.67
Forward P/E22.94
PEG Ratio1.69
Price / Sales1.85
Price / Book4.18
EPS5.81
Book Value19.16
Revenue (TTM)2.99B
Gross Profit (TTM)1.02B
EBITDA990.70M
Profit Margin13.80%
Operating Margin36.53%
Return on Equity33.85%
Return on Assets6.48%
Shares Outstanding69.70M
Shares Float65.78M
Beta0.67
Dividend Yield0.54%
Dividend Rate0.44
Payout Ratio6.52%

Analyst Ratings

Strong Buy
Based on 11 analystsTarget 130.83
  • Strong Buy
    8
  • Buy
    3

Ownership Breakdown

Institutions
89.49%
Insiders
5.91%
Retail / Other
4.60%

Top Institutional Holders

  • BlackRock Inc
    6.45M9.26%
  • Vanguard Portfolio Management, LLC
    2.96M4.24%
  • Vanguard Capital Management, LLC
    2.75M3.94%
  • London Company of Virginia
    2.59M3.72%
  • State Street Corp
    2.00M2.87%
  • Citadel Advisors Llc
    1.71M2.46%
  • FMR Inc
    1.71M2.45%
  • Geode Capital Management, LLC
    1.41M2.02%
  • Arrowstreet Capital Limited Partnership
    1.38M1.98%
  • Jennison Associates LLC
    1.26M1.80%
  • Boston Partners Global Investors, Inc
    1.19M1.71%
  • William Blair Investment Management, LLC
    1.03M1.48%
  • NORGES BANK
    841.18K1.21%
  • AQR Capital Management LLC
    819.84K1.18%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    2.32M3.33%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.11M3.02%
  • Touchstone Mid Cap Y
    1.73M2.48%
  • Vanguard Small Cap Index
    1.52M2.19%
  • JHancock Disciplined Value Mid Cap I
    1.30M1.86%
  • Vanguard MStar Small Cap Growth Indx Inv
    874.61K1.25%

Dividends

20251×
0.44Dec 5, 2025
20241×
0.41Dec 6, 2024
20231×
0.38Nov 30, 2023
20221×
0.36Dec 1, 2022
20211×
0.33Dec 2, 2021
20201×
0.31Dec 3, 2020
20191×
0.29Dec 5, 2019
20181×
0.27Dec 6, 2018
20171×
0.25Nov 30, 2017
20161×
0.22Nov 30, 2016
20151×
0.19Dec 2, 2015
20141×
0.17Dec 3, 2014
20131×
0.14Dec 4, 2013
20121×
0.12Nov 26, 2012
20111×
0.10Dec 28, 2011
20101×
0.08Dec 29, 2010
20091×
0.08Dec 29, 2009
20081×
0.08Dec 29, 2008
20071×
0.08Dec 26, 2007
20061×
0.08Dec 27, 2006
20051×
0.08Dec 28, 2005
20041×
0.08Dec 29, 2004
20031×
0.08Dec 29, 2003
20021×
0.08Dec 27, 2002

Stock Splits

  • May 22, 20232:1
  • Jan 28, 20193:1
  • Apr 15, 19982:1