Churchill Downs Inc
Research Churchill Downs Inc (CHDN) on Bullrun: valuation model: 11.7% undervalued, market cap USD 6.21B, P/E 15.2, dividend yield 0.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCHDN
- ExchangeNASDAQ
- CountryUnited States
- SectorConsumer Cyclical
- IndustryGambling
- CurrencyUSD
- Valuation signal11.7% undervalued
- Market capUSD 6.21B
- P/E15.2
- Dividend yield0.5%
- Financial periodQ2 2026
- RevenueUSD 980.00M
- Net incomeUSD 241.00M
- Free cash flowUSD 159.00M
- Gross margin42.8%
Valuation Snapshot
Bullrun's latest valuation model marks Churchill Downs Inc as 11.7% undervalued; latest market cap is USD 6.21B; P/E is 15.2; dividend yield is 0.5%.
Peer valuation comparison
Latest P/E is 15.21x versus a Consumer Cyclical sector median of 17.59x (13.5% below).
Latest dividend yield is 0.51% versus a Consumer Cyclical sector median of 2.89% (82.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.93B | USD 383.00M | USD 309.60M | 33.6% | 5.26 | USD 201.00M | USD 5.13B | USD 1.01B |
| FY2024 | USD 2.73B | USD 426.80M | USD 225.70M | 34.3% | 5.68 | USD 175.50M | USD 4.91B | USD 1.08B |
| FY2023 | USD 2.46B | USD 417.30M | n/a | n/a | 5.49 | USD 144.50M | USD 4.84B | USD 893.60M |
| FY2022 | USD 1.81B | USD 439.40M | n/a | n/a | 5.71 | USD 129.80M | USD 4.61B | USD 551.50M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.21B | 15.2 | 0.5% | 0.44 |
| 2025 | 2025-12-31 | USD 7.92B | 21.7 | 0.4% | 0.44 |
| 2024 | 2024-12-31 | USD 9.81B | 23.5 | 0.3% | 0.41 |
| 2023 | 2023-12-29 | USD 10.07B | 28.6 | 0.3% | 0.38 |
| 2022 | 2022-12-30 | USD 7.91B | 17.0 | 0.3% | 0.36 |
| 2021 | 2021-12-31 | USD 9.18B | 38.0 | 0.3% | 0.33 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.44 USD, yield 0.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.44 USD |
| FY2024 | 0.41 USD |
| FY2023 | 0.38 USD |
| FY2022 | 0.36 USD |
About Churchill Downs Inc
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;
Related stock research
Other Consumer Cyclical stocks
Frequently asked questions
Is Churchill Downs Inc overvalued or undervalued?
Bullrun's valuation model currently marks Churchill Downs Inc as 11.7% undervalued.
What is Churchill Downs Inc's market cap?
Churchill Downs Inc's market capitalization is USD 6.21B.
What is Churchill Downs Inc's P/E ratio?
Churchill Downs Inc's price-to-earnings (P/E) ratio is 15.2.
Does Churchill Downs Inc pay a dividend?
Churchill Downs Inc has a dividend yield of 0.5%.
What does Churchill Downs Inc do?
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.