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    Churchill Downs Incorporated (CHDN)

    Official site

    CONSUMER CYCLICAL • GAMBLING • NASDAQ

    $82.15
    +2.13 (+2.66%)

    Market Cap: $5.69B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    77%(30/39)
    Avg Surprise
    +28.52%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.17
    Range$0.70 - $1.41
    9 analysts
    EPS Revisions
    2
    0
    7d
    1
    4
    30d
    EPS Estimate DriftChange to current
    90d ago$1.17+0.4%
    60d ago$1.18-0.8%
    30d ago$1.19-1.6%
    7d ago$1.19-1.6%
    Current$1.17
    Revenue Consensus
    $700M
    Range$685M - $721M
    12 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.28
    Range$0.88 - $1.73
    9 analysts
    Revenue Consensus
    $685M
    Range$663M - $723M
    12 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$1.28---
    Sep 26EST
    -$1.17---
    Jun 26
    Reported Jul 29
    $3.45$3.51-1.71%Miss+11.3%
    Mar 26
    Reported Apr 22
    $1.21$1.00+21.00%Beat+13.1%
    Dec 25
    Reported Feb 25
    $0.97$0.89+8.99%Beat+5.4%
    Sep 25
    Reported Oct 22
    $1.09$0.98+11.22%Beat+12.4%
    Jun 25
    Reported Jul 23
    $3.10$3.01+2.99%Beat+7.3%
    Mar 25
    Reported Apr 23
    $1.07$1.04+2.88%Beat-5.3%
    Dec 24
    Reported Feb 19
    $0.92$0.95-2.87%Miss+7.0%
    Sep 24
    Reported Oct 23
    $0.97$1.06-8.49%Miss+11.5%
    Jun 24
    Reported Jul 24
    $2.89$2.70+7.04%Beat+29.0%
    Mar 24
    Reported Apr 24
    $1.13$0.83+36.14%Beat+15.3%
    Dec 23
    Reported Feb 21
    $0.86$0.74+16.22%Beat-41.1%
    Sep 23
    Reported Oct 25
    $0.87$0.86+1.16%Beat+7.4%
    Jun 23
    Reported Jul 26
    $2.24$2.51-10.76%Miss+14.9%
    Mar 23
    Reported Apr 26
    $0.98$0.90+8.89%Beat+66.1%
    Dec 22
    Reported Feb 22
    $1.46$1.67-12.57%Miss+31.5%
    Sep 22
    Reported Oct 26
    $0.81$0.79+2.53%Beat+0.0%
    Jun 22
    Reported Jul 27
    $1.95$2.00-2.50%Miss+26.6%
    Mar 22
    Reported Apr 27
    $0.59$0.57+3.51%Beat+34.1%
    Dec 21
    Reported Feb 23
    $1.11$1.10+0.91%Beat+484.2%
    Sep 21
    Reported Oct 27
    $0.81$0.75+8.00%Beat+35.0%
    Jun 21
    Reported Jul 28
    $1.54$1.29+19.38%Beat+692.3%
    Mar 21
    Reported Apr 21
    $0.44$0.28+57.14%Beat+1366.7%
    Dec 20
    Reported Feb 24
    $0.19$0.27-29.63%Miss-54.8%
    Sep 20
    Reported Oct 28
    $0.60$0.37+62.16%Beat+114.3%
    Jun 20
    Reported Jul 29
    $-0.26$-0.33+21.21%Beat-118.3%
    Mar 20
    Reported Apr 29
    $0.03N/A-82.35%Miss-90.6%
    Dec 19
    Reported Feb 26
    $0.42$-0.06+800.00%Beat+110.0%
    Sep 19
    Reported Oct 30
    $0.28$0.27+3.70%Beat+3.7%
    Jun 19
    Reported Jul 31
    $1.42$1.41+0.71%Beat+10.1%
    Mar 19
    Reported Apr 24
    $0.32$0.20+60.00%Beat+77.8%
    Dec 18
    Reported Feb 27
    $0.20$0.14+42.86%Beat+5.3%
    Sep 18
    Reported Oct 31
    $0.27$0.25+8.00%Beat+42.1%
    Jun 18
    Reported Aug 1
    $1.29$1.24+4.03%Beat+59.3%
    Mar 18
    Reported Apr 25
    $0.18$0.18+0.00%Beat+38.5%
    Dec 17
    Reported Feb 28
    $0.19$0.19+0.00%Beat+0.0%
    Sep 17
    Reported Nov 1
    $0.19$0.12+58.33%Beat-
    Jun 17
    Reported Jul 26
    $0.81$0.78+3.85%Beat-
    Mar 17
    Reported Apr 26
    $0.13$0.13+0.00%Beat-
    Dec 16
    Reported Feb 28
    $0.19$0.21-9.52%Miss-

    Dividends

    Dividend Metrics

    Forward Yield0.53%
    Forward Annual Dividend$0.44
    Payout Ratio3.85%
    FrequencyAnnual
    Pay MonthsJan

    Growth

    3Y CAGR+7.05%
    5Y CAGR+7.09%

    Key Metrics

    Valuation
    P/E Ratio12.22EV/EBITDA10.65x
    Price/FCF10.11xFCF Yield9.89%
    Profitability
    Profit Margin13.80%Operating Margin36.50%
    ROE33.90%ROIC8.51%
    Financial Health
    Debt/Equity3.56xInterest Coverage2.50x
    Current Ratio0.36xQuick Ratio0.36x
    Trading Statistics
    Beta0.77Avg Volume1.31M
    52-Week High$118.3552-Week Low$73.09

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$78.56
    SMA 20$78.55
    SMA 50$83.91
    SMA 200$89.59
    EMA 10$79.44
    EMA 20$79.68
    EMA 50$82.23
    EMA 200$88.80

    MACD

    Line: -0.89Signal: -1.78Hist: 0.89

    ADX

    ADX: 19.2+DI: 25.4-DI: 23.6

    Aroon & PSAR

    Aroon Up16.0
    Aroon Down80.0
    PSAR$74.09

    Bollinger Bands

    Upper Band$83.71
    Lower Band$73.38
    %B Position1315%(Upper)
    Band Width0.85

    RSI (14-Day)

    Neutral
    54.5

    Momentum Oscillators

    Stoch %K87.4
    Stoch %D84.5
    Williams %R-7.5
    ROC (10d)9.8%
    Momentum7.33
    CCI (20d)95.9
    MFI (14d)53.2

    Volatility Measures

    ATR (14d)$2.91(3.5%)
    StdDev (20d)2.58
    Hist Vol40.0%(High)

    Volume Flow

    VWAP$81.77
    OBV2.7M
    AD Line-32.6M
    CMF (20d)-0.057

    Volume Metrics

    Avg Vol (20d)1.3M
    Vol Ratio0.7x
    VWMA (20d)$78.27

    Pivot Points

    R3$83.81
    R2$82.51
    R1$81.26
    Pivot Point$79.96
    S1$78.71
    S2$77.41
    S3$76.16

    Advanced Oscillators

    TSI-8.88
    Ultimate Osc54.6
    KST-79.11

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$980.00M$663.00M$665.90M$683.00M$934.00M$643.00M$624.20M$628.50M$890.70M$590.90M$561.20M$572.50M
    Cost of Revenue$561.00M$460.00M$469.20M$478.70M$542.00M$453.00M$444.50M$442.90M$502.70M$405.70M$400.20M$408.50M
    Gross Profit$419.00M$203.00M$196.70M$204.30M$392.00M$190.00M$179.70M$185.60M$388.00M$185.20M$161.00M$164.00M
    Operating Expenses$62.00M$60.00M$73.20M$106.30M$65.00M$55.00M$52.90M$59.70M$58.00M$58.90M$54.80M$51.70M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$61.00M$59.00M$71.50M$59.30M$61.00M$55.00M$65.70M$59.80M$57.40M$54.80M$51.70M$50.20M
    Operating Income$357.00M$143.00M$123.50M$98.00M$327.00M$135.00M$126.80M$125.90M$330.00M$126.30M$106.20M$112.30M
    Interest Income$41.00M$36.00M$34.00M$35.00M$37.00M$33.00M$36.00M$33.40M$37.70M$37.80M$35.90M$33.30M
    Interest Expense$70.00M$72.00M$75.60M$75.60M$75.00M$72.00M$72.80M$73.10M$73.50M$70.40M$70.60M$67.90M
    Income Before Tax$328.00M$113.00M$83.30M$61.20M$292.00M$96.00M$91.00M$86.10M$294.30M$101.80M$71.90M$81.80M
    Income Tax Expense$86.00M$30.00M$31.80M$22.00M$74.00M$19.00M$18.70M$19.90M$84.10M$21.40M$14.30M$20.80M
    Net Income$242.00M$83.00M$51.50M$39.20M$218.00M$77.00M$72.30M$66.20M$210.20M$80.40M$57.60M$61.00M
    EBITDA$417.00M$207.00M$186.10M$159.90M$389.00M$196.00M$182.70M$176.80M$380.60M$182.70M$155.20M$159.80M
    EBIT$357.00M$149.00M$124.90M$101.80M$330.00M$135.00M$127.80M$125.80M$330.10M$134.40M$106.60M$116.40M
    * Some calculated fields are derived from available data when not provided by source

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    CHDN Valuation and Fair Value

    P/E
    12.2x
    Forward P/E
    22.9x
    EV/EBITDA
    10.6x
    P/FCF
    10.1x
    PEG
    1.7x
    P/B
    4.3x
    See GNG's fair value

    CHDN Profitability: Margins, ROIC and FCF

    Gross margin
    34.2%
    Operating margin
    36.5%
    Net margin
    13.8%
    ROIC
    8.5%
    ROE
    33.9%
    FCF margin
    19.0%
    FCF yield
    9.9%

    CHDN Analyst Ratings

    Consensus
    Buy
    Analysts
    12
    Strong Buy
    3
    Buy
    9
    Hold
    0
    Sell
    0
    Strong Sell
    0

    CHDN Bull Case vs Bear Case

    Bull case

    • CHDN converts 19.0% of revenue into free cash flow.
    • 100.0% of CHDN's analyst ratings are Buy or Strong Buy.

    Bear case

    • CHDN has a debt-to-equity ratio of 3.6x.

    CHDN Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    4.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.17
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 4 down

    CHDN Dividend

    Forward yield
    0.5%
    Payout ratio
    3.9%
    3Y DPS growth
    7.1%
    5Y DPS growth
    7.1%
    Pay months
    Jan
    CHDN dividend history

    Frequently Asked Questions About CHDN

    What is CHDN's current dividend yield?

    Churchill Downs Incorporated (CHDN) has a forward dividend yield of 0.53%.

    Does CHDN pay dividends?

    Yes, Churchill Downs Incorporated pays dividends with a forward dividend yield of 0.53%.

    What is CHDN's P/E ratio?

    Churchill Downs Incorporated has a price-to-earnings (P/E) ratio of 12.22.

    What is CHDN's market cap?

    Churchill Downs Incorporated (CHDN) has a market capitalization of $5.69B with a current stock price of $82.15.

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