Churchill Downs Inc
CHDNNasdaq
$83.95
↓ -2.7%Jul 17 close · end-of-day
Price
1Y↓ -20.0%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$5.9B
Enterprise Value
$10.6B
P/E
—
P/S
2.0
P/B
5.4
EV/EBITDA
11.5
PEG
—
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$2.9B
Net Income (TTM)
$389.0M
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
23.5%
Net Margin
13.2%
ROE
35.5%
ROIC
8.5%
Debt / Equity
4.5
Net Cash
-$4.7B
Return 1Y
-20.7%
Company profile
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines.
- CEO
- William C. Carstanjen
- Sector
- Services
- Industry
- Entertainment
- Employees
- 7,000
- Headquarters
- Kentucky
Management & directors
- Blackwell Bradley K.EVP, General Counsel
- Carstanjen William CChief Executive Officer
- Dall Marcia AEVP, and CFO
- Mudd William EPresident and COO
- Adams MaureenEVP, Gaming Operations
Roles derived from SEC Form 4 filings.
Earnings
CHDN Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$663.0M↑ +3.1%
Diluted EPS——
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.6B | $1.8B | $2.5B | $2.7B | $2.9B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $60.2M | $284.4M | $321.8M | $564.0M | $709.0M | $683.8M |
| Net income | -$81.9M | $249.1M | $439.4M | $417.3M | $426.8M | $383.0M |
| Diluted EPS | -$2.08 | $3.18 | $5.71 | $5.49 | — | — |
| Operating cash flow | $141.9M | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 5.7% | 17.8% | 17.8% | 22.9% | 25.9% | 23.4% |
| Net margin | -7.8% | 15.6% | 24.3% | 17.0% | 15.6% | 13.1% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $890.7M | $628.5M | $624.2M | $643.0M | $934.4M | $683.0M | $665.5M | $663.0M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $330.0M | $125.9M | $126.8M | $135.0M | $327.7M | $98.0M | $123.1M | $143.0M |
| Net income | $209.3M | $65.4M | $71.7M | $77.0M | $216.9M | $38.1M | $51.0M | $83.0M |
| Diluted EPS | — | — | — | — | — | — | — | — |
| Operating cash flow | — | — | — | $247.0M | — | — | — | $295.0M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 37.0% | 20.0% | 20.3% | 21.0% | 35.1% | 14.3% | 18.5% | 21.6% |
| Net margin | 23.5% | 10.4% | 11.5% | 12.0% | 23.2% | 5.6% | 7.7% | 12.5% |
Company news
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-06-30 | GRISSOM DOUGLAS C | Award | 383 | $0.00 | $0.00 | filing |
| 2026-04-21 | HARRINGTON DANIEL P | Award | 2,257 | $0.00 | $0.00 | filing |
| 2026-04-21 | HARRINGTON DANIEL P | Award | 0 | $0.00 | $0.00 | filing |
| 2026-04-21 | GRISSOM DOUGLAS C | Award | 2,257 | $0.00 | $0.00 | filing |
| 2026-04-21 | VARGA PAUL C | Award | 2,257 | $0.00 | $0.00 | filing |
| 2026-04-21 | Lloyd Karole | Award | 2,257 | $0.00 | $0.00 | filing |
| 2026-04-21 | Rankin R Alex | Award | 2,257 | $0.00 | $0.00 | filing |
| 2026-04-21 | Carter Andrea | Award | 2,257 | $0.00 | $0.00 | filing |
| 2026-03-31 | GRISSOM DOUGLAS C | Award | 383 | $0.00 | $0.00 | filing |
| 2026-02-05 | Carstanjen William C· Chief Executive Officer | D | 37,727 | $93.69 | $3.5M | filing |
| 2026-02-05 | Mudd William E· President and COO | D | 16,648 | $93.69 | $1.6M | filing |
| 2026-02-05 | Dall Marcia A· EVP, and CFO | Tax withholding | 3,944 | $93.69 | $369,513.36 | filing |
| 2026-02-05 | Blackwell Bradley K.· EVP, General Counsel | Tax withholding | 1,835 | $93.69 | $171,921.15 | filing |
| 2026-02-05 | Blackwell Bradley K.· EVP, General Counsel | Award | 6,104 | $0.00 | $0.00 | filing |
| 2026-02-05 | Carstanjen William C· Chief Executive Officer | Award | 37,727 | $0.00 | $0.00 | filing |
| 2026-02-05 | Mudd William E· President and COO | Award | 16,648 | $0.00 | $0.00 | filing |
| 2026-02-05 | Dall Marcia A· EVP, and CFO | Award | 12,207 | $0.00 | $0.00 | filing |
| 2026-01-06 | HARRINGTON DANIEL P | Award | 0 | $0.00 | $0.00 | filing |
| 2026-01-06 | GRISSOM DOUGLAS C | Award | 117 | $0.00 | $0.00 | filing |
| 2026-01-06 | HARRINGTON DANIEL P | Award | 477 | $0.00 | $0.00 | filing |
| 2026-01-06 | Rankin R Alex | Award | 199 | $0.00 | $0.00 | filing |
| 2026-01-06 | Carter Andrea | Award | 17 | $0.00 | $0.00 | filing |
| 2026-01-06 | VARGA PAUL C | Award | 39 | $0.00 | $0.00 | filing |
| 2026-01-06 | Lloyd Karole | Award | 60 | $0.00 | $0.00 | filing |
| 2025-12-31 | Carstanjen William C· Chief Executive Officer | Tax withholding | 8,504 | $113.78 | $967,585.12 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.