C

    Churchill Downs Incorporated (CHDN)

    Official site

    CONSUMER CYCLICAL • GAMBLING • NASDAQ

    $87.48
    -2.42 (-2.69%)

    Market Cap: $6.27B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    75%(30/40)
    Avg Surprise
    +26.72%

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$1.18
    Range$0.70 - $1.41
    8 analysts
    EPS Revisions
    2
    0
    7d
    1
    4
    30d
    EPS Estimate Drift
    90d ago$1.18+0.3%
    60d ago$1.18+0.3%
    30d ago$1.19+1.4%
    7d ago$1.18+0.5%
    Current$1.18
    Revenue Consensus
    $702M
    Range$692M - $721M
    11 analysts
    Dec 31, 2026
    EPS Consensus$1.27
    Range$0.90 - $1.73
    8 analysts
    Revenue Consensus
    $684M
    Range$670M - $721M
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.27---
    Sep 26EST
    		-$1.18---
    Jun 26
    		$3.45$3.51-1.71%Miss+11.3%
    Mar 26
    		$1.21$1.00+21.00%Beat+13.1%
    Dec 25
    		$0.97$0.89+8.99%Beat+5.4%
    Sep 25
    		$1.09$0.98+11.22%Beat+12.4%
    Jun 25
    		$3.10$3.01+2.99%Beat+7.3%
    Mar 25
    		$1.07$1.04+2.88%Beat-5.3%
    Dec 24
    		$0.92$0.95-2.87%Miss+7.0%
    Sep 24
    		$0.97$1.06-8.49%Miss+11.5%
    Jun 24
    		$2.89$2.70+7.04%Beat+29.0%
    Mar 24
    		$1.13$0.83+36.14%Beat+15.3%
    Dec 23
    		$0.86$0.74+16.22%Beat-41.1%
    Sep 23
    		$0.87$0.86+1.16%Beat+7.4%
    Jun 23
    		$2.24$2.51-10.76%Miss+14.9%
    Mar 23
    		$0.98$0.90+8.89%Beat+66.1%
    Dec 22
    		$1.46$1.67-12.57%Miss+31.5%
    Sep 22
    		$0.81$0.79+2.53%Beat+0.0%
    Jun 22
    		$1.95$2.00-2.50%Miss+26.6%
    Mar 22
    		$0.59$0.57+3.51%Beat+34.1%
    Dec 21
    		$1.11$1.10+0.91%Beat+484.2%
    Sep 21
    		$0.81$0.75+8.00%Beat+35.0%
    Jun 21
    		$1.54$1.29+19.38%Beat+692.3%
    Mar 21
    		$0.44$0.28+57.14%Beat+1366.7%
    Dec 20
    		$0.19$0.27-29.63%Miss-54.8%
    Sep 20
    		$0.60$0.37+62.16%Beat+114.3%
    Jun 20
    		$-0.26$-0.33+21.21%Beat-118.3%
    Mar 20
    		$0.03N/A-82.35%Miss-90.6%
    Dec 19
    		$0.42$-0.06+800.00%Beat+110.0%
    Sep 19
    		$0.28$0.27+3.70%Beat+3.7%
    Jun 19
    		$1.42$1.41+0.71%Beat+10.1%
    Mar 19
    		$0.32$0.20+60.00%Beat+77.8%
    Dec 18
    		$0.20$0.14+42.86%Beat+5.3%
    Sep 18
    		$0.27$0.25+8.00%Beat+42.1%
    Jun 18
    		$1.29$1.24+4.03%Beat+59.3%
    Mar 18
    		$0.18$0.18+0.00%Beat+38.5%
    Dec 17
    		$0.19$0.19+0.00%Beat+0.0%
    Sep 17
    		$0.19$0.12+58.33%Beat+111.1%
    Jun 17
    		$0.81$0.78+3.85%Beat-
    Mar 17
    		$0.13$0.13+0.00%Beat-
    Dec 16
    		$0.19$0.21-9.52%Miss-
    Sep 16
    		$0.09$0.16-43.75%Miss-

    Dividends

    Dividend Metrics

    Yield0.50%
    Annual/Share$0.44
    Payout Ratio3.85%
    Frequency1
    Pay MonthsJan

    Growth

    3Y CAGR+7.05%
    5Y CAGR+7.09%
    View CHDN's full dividend history

    Key Metrics

    Valuation
    P/E Ratio13.02EV/EBITDA9.51x
    Price/FCF10.77xFCF Yield9.29%
    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
    Beta0.66Avg Volume934.22K
    52-Week High$118.3552-Week Low$79.40

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$89.81
    SMA 20$88.88
    SMA 50$87.17
    SMA 200$94.29
    EMA 10$88.93
    EMA 20$88.65
    EMA 50$88.03
    EMA 200$92.29

    MACD

    Line: 0.53Signal: 0.86Hist: -0.33

    ADX

    ADX: 12.0+DI: 22.7-DI: 20.7

    Aroon & PSAR

    Aroon Up80.0
    Aroon Down12.0
    PSAR$93.99

    Bollinger Bands

    Upper Band$93.42
    Lower Band$84.34
    %B Position1021%(Upper)
    Band Width0.35

    RSI (14-Day)

    Neutral
    48.0

    Momentum Oscillators

    Stoch %K24.8
    Stoch %D23.5
    Williams %R-80.6
    ROC (10d)-2.5%
    Momentum-2.22
    CCI (20d)-23.4
    MFI (14d)48.1

    Volatility Measures

    ATR (14d)$2.89(3.3%)
    StdDev (20d)2.27
    Hist Vol32.6%(Moderate)

    Volume Flow

    VWAP$88.26
    OBV-3.1M
    AD Line-26.5M
    CMF (20d)0.017

    Volume Metrics

    Avg Vol (20d)913.4K
    Vol Ratio0.9x
    VWMA (20d)$88.75

    Pivot Points

    R3$95.58
    R2$93.26
    R1$91.58
    Pivot Point$89.26
    S1$87.58
    S2$85.26
    S3$83.58

    Advanced Oscillators

    TSI5.18
    Ultimate Osc41.9
    KST41.88

    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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    News

    BlackRock Inc. Purchases Shares of 6,202,008 Churchill Downs, Incorporated $CHDN

    BlackRock Inc. has acquired a significant new stake of 6,202,008 shares in Churchill Downs, Incorporated, valued at approximately $555.9 million, making it an 8.90% owner of the company. Other institutional investors like Norges Bank and AQR Capital Management LLC have also adjusted their holdings. Analysts have issued a "Moderate Buy" consensus rating for Churchill Downs with an average target price of $136.88.

    MarketBeat•8/25/26•
    Bullish

    15,126 Shares in Churchill Downs, Incorporated $CHDN Purchased by PEAK6 LLC

    PEAK6 LLC has acquired a new stake of 15,126 shares in Churchill Downs, Incorporated (NASDAQ:CHDN) during the second quarter, valued at approximately $1,356,000. Several other institutional investors also adjusted their positions in CHDN, with some increasing their holdings significantly. The article details Churchill Downs' stock performance, recent earnings, and analyst ratings, which currently average a "Moderate Buy" with a consensus price target of $136.88.

    MarketBeat•8/24/26•
    Somewhat-Bullish

    B. Metzler seel. Sohn & Co. AG Acquires New Stake in Churchill Downs, Incorporated $CHDN

    B. Metzler seel. Sohn & Co. AG has acquired a new stake in Churchill Downs, Incorporated (NASDAQ:CHDN), purchasing 23,643 shares valued at approximately $2.12 million during the second quarter. Institutional investors now collectively own 82.59% of the company. Churchill Downs reported quarterly earnings matching estimates at $3.45 per share, with revenue increasing 4.9% year-over-year to $980 million, while analysts maintain a "Moderate Buy" rating with an average target price of $136.88.

    MarketBeat•8/23/26•
    Bullish

    William Blair Investment Management LLC Purchases Shares of 1,030,121 Churchill Downs, Incorporated $CHDN

    William Blair Investment Management LLC has acquired 1,030,121 shares of Churchill Downs, Incorporated (NASDAQ:CHDN) valued at approximately $92.3 million, representing 1.48% of the company. Institutional investors now own 82.59% of CHDN. The company reported strong Q2 earnings, matching analyst estimates with $3.45 EPS and revenue of $980 million, up 4.9% year-over-year, while analysts maintain a "Moderate Buy" rating with an average price target of $136.88.

    MarketBeat•8/22/26•
    Bullish

    Aurora Investment Counsel Invests $2.27 Million in Churchill Downs, Incorporated $CHDN

    Aurora Investment Counsel has invested $2.27 million in Churchill Downs, Incorporated (NASDAQ:CHDN) by purchasing 25,269 shares in the second quarter. This move is part of broader institutional interest, with other major firms like BlackRock Inc. and Norges Bank also acquiring significant stakes. Analysts currently rate Churchill Downs as a "Moderate Buy" with a consensus target price of $136.88, following recent positive earnings results.

    MarketBeat•8/20/26•
    Somewhat-Bullish

    Frequently Asked Questions About CHDN

    What is CHDN's current dividend yield?
    Churchill Downs Incorporated (CHDN) has a current dividend yield of 0.50%.
    Does CHDN pay dividends?
    Yes, Churchill Downs Incorporated pays dividends with a current yield of 0.50%.
    What is CHDN's P/E ratio?
    Churchill Downs Incorporated has a price-to-earnings (P/E) ratio of 13.02.
    What is CHDN's market cap?
    Churchill Downs Incorporated (CHDN) has a market capitalization of $6.27B with a current stock price of $87.48.

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