Churchill Downs, Incorporated
CHDN
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Churchill Downs is well-positioned in the gambling industry, benefiting from a growing market and increased consumer spending on entertainment.
- Revenue increased by 48% compared to the prior quarter, reaching $980 million.
- Gross margin improved to 42.8%, up from 30.6% in the previous quarter.
- The company's high debt-to-equity ratio of 349.173 raises concerns about financial stability.
- The current ratio stands at 0.356, indicating potential liquidity issues.
- The stock has a sell signal with a score of -6.00, reflecting negative trends in key indicators.
Fundamentals
| Market cap | $5.31B | Enterprise value | $10.02B | Trailing P/E | 13.00 | Forward P/E | 10.31 |
| PEG | 1.69 | Price / book | 3.98 | Beta | 0.77 | Dividend yield | 0.58% |
| Revenue growth | 4.9% | Earnings growth | 14.4% | Gross margin | 34.2% | Operating margin | 36.5% |
| Profit margin | 13.8% | ROE | 33.8% | ROA | 6.5% | Debt / equity | 3.49 |
| Current ratio | 0.36 | Free cash flow | $138.71M | Analyst recommendation | strong_buy | Mean target | $128.17 |
| 52w high | $118.35 | 52w low | $73.09 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $980M | $663M | $666M | $683M | $934M | — |
| Op margin | 36.5% | 21.7% | 18.8% | 21.2% | 35.4% | — |
| Net income | $241M | $83.0M | $51.3M | $38.1M | $217M | — |
| Gross margin | 42.8% | 30.6% | 29.5% | 29.9% | 42.0% | — |
| Gross profit | $419M | $203M | $197M | $204M | $392M | — |
| Operating income | $358M | $144M | $125M | $145M | $331M | — |
- Revenue +48% vs prior quarter ($980M vs $663M).
- Gross margin 42.8% (was 30.6% prior quarter).
- Operating margin expanded to 36.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.5B | $1.8B | — |
| Op margin | 25.2% | 25.6% | 24.1% | 22.2% | — |
| Net income | $383M | $427M | $417M | $439M | — |
| Gross margin | 33.6% | 34.3% | 32.3% | 31.3% | — |
| Gross profit | $983M | $939M | $796M | $566M | — |
| Operating income | $736M | $701M | $593M | $402M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Why Churchill Downs (CHDN) Shares Are Falling Today
2026-10-02 · Reasons CHDN is Risky and 1 Stock to Buy Instead
2026-09-28 · 2 of Wall Street’s Favorite Stocks with Exciting Potential and 1 Facing Challenges
2026-09-24 · What Is Drawing Fresh Attention To Churchill Downs (CHDN)?
2026-09-23 · Sin Stock Investing: Finding Opportunities in Controversial Industries
2026-09-23 · Churchill Downs (CHDN) Prices $500 Million Loan. Could Interest Costs Rise?
2026-09-21 · Churchill Downs Incorporated 2026 Third Quarter Financial Results Conference Call Invitation
2026-09-17 · Churchill Downs Prices $500 Million Senior Secured Debt due 2033
2026-09-17 · Churchill Downs Incorporated Announces Pricing of $500 Million Senior Secured Term Loan B Due 2033
2026-09-17 · 3 Out-of-Favor Stocks with Warning Signs
2026-09-14 · Churchill Downs Launches Proposed $500 Million Senior Secured Term Loan B
Price (daily)
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