Churchill Downs Statistics
Total Valuation
Churchill Downs has a market cap or net worth of $6.32 billion. The enterprise value is $11.29 billion.
| Market Cap | 6.32B |
| Enterprise Value | 11.29B |
Important Dates
The last earnings date was Wednesday, February 25, 2026, after market close.
| Earnings Date | Feb 25, 2026 |
| Ex-Dividend Date | Dec 5, 2025 |
Share Statistics
Churchill Downs has 69.70 million shares outstanding. The number of shares has decreased by -3.75% in one year.
| Current Share Class | 69.70M |
| Shares Outstanding | 69.70M |
| Shares Change (YoY) | -3.75% |
| Shares Change (QoQ) | -0.99% |
| Owned by Insiders (%) | 3.90% |
| Owned by Institutions (%) | 79.72% |
| Float | 65.81M |
Valuation Ratios
The trailing PE ratio is 17.01 and the forward PE ratio is 13.76. Churchill Downs's PEG ratio is 1.41.
| PE Ratio | 17.01 |
| Forward PE | 13.76 |
| PS Ratio | 2.15 |
| Forward PS | 2.04 |
| PB Ratio | 6.23 |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 12.73 |
| P/OCF Ratio | 8.18 |
| PEG Ratio | 1.41 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.81, with an EV/FCF ratio of 22.82.
| EV / Earnings | 29.49 |
| EV / Sales | 3.86 |
| EV / EBITDA | 11.81 |
| EV / EBIT | 15.34 |
| EV / FCF | 22.82 |
Financial Position
The company has a current ratio of 0.60, with a Debt / Equity ratio of 4.92.
| Current Ratio | 0.60 |
| Quick Ratio | 0.42 |
| Debt / Equity | 4.92 |
| Debt / EBITDA | 5.26 |
| Debt / FCF | 10.50 |
| Interest Coverage | 2.47 |
Financial Efficiency
Return on equity (ROE) is 35.71% and return on invested capital (ROIC) is 8.77%.
| Return on Equity (ROE) | 35.71% |
| Return on Assets (ROA) | 6.24% |
| Return on Invested Capital (ROIC) | 8.77% |
| Return on Capital Employed (ROCE) | 10.91% |
| Weighted Average Cost of Capital (WACC) | 6.13% |
| Revenue Per Employee | $325,100 |
| Profits Per Employee | $42,556 |
| Employee Count | 9,000 |
| Asset Turnover | 0.40 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Churchill Downs has paid $146.90 million in taxes.
| Income Tax | 146.90M |
| Effective Tax Rate | 27.59% |
Stock Price Statistics
The stock price has decreased by -20.38% in the last 52 weeks. The beta is 0.64, so Churchill Downs's price volatility has been lower than the market average.
| Beta (5Y) | 0.64 |
| 52-Week Price Change | -20.38% |
| 50-Day Moving Average | 102.95 |
| 200-Day Moving Average | 101.60 |
| Relative Strength Index (RSI) | 39.26 |
| Average Volume (20 Days) | 940,927 |
Short Selling Information
The latest short interest is 2.42 million, so 3.47% of the outstanding shares have been sold short.
| Short Interest | 2.42M |
| Short Previous Month | 2.04M |
| Short % of Shares Out | 3.47% |
| Short % of Float | 3.67% |
| Short Ratio (days to cover) | 3.16 |
Income Statement
In the last 12 months, Churchill Downs had revenue of $2.93 billion and earned $383.00 million in profits. Earnings per share was $5.33.
| Revenue | 2.93B |
| Gross Profit | 982.60M |
| Operating Income | 736.40M |
| Pretax Income | 532.40M |
| Net Income | 383.00M |
| EBITDA | 956.70M |
| EBIT | 736.40M |
| Earnings Per Share (EPS) | $5.33 |
Balance Sheet
The company has $200.60 million in cash and $5.20 billion in debt, with a net cash position of -$5.00 billion or -$71.69 per share.
| Cash & Cash Equivalents | 200.60M |
| Total Debt | 5.20B |
| Net Cash | -5.00B |
| Net Cash Per Share | -$71.69 |
| Equity (Book Value) | 1.06B |
| Book Value Per Share | 14.51 |
| Working Capital | -290.10M |
Cash Flow
In the last 12 months, operating cash flow was $769.80 million and capital expenditures -$274.90 million, giving a free cash flow of $494.90 million.
| Operating Cash Flow | 769.80M |
| Capital Expenditures | -274.90M |
| Free Cash Flow | 494.90M |
| FCF Per Share | $7.10 |
Margins
Gross margin is 33.58%, with operating and profit margins of 25.17% and 13.09%.
| Gross Margin | 33.58% |
| Operating Margin | 25.17% |
| Pretax Margin | 18.20% |
| Profit Margin | 13.09% |
| EBITDA Margin | 32.70% |
| EBIT Margin | 25.17% |
| FCF Margin | 16.91% |
Dividends & Yields
This stock pays an annual dividend of $0.44, which amounts to a dividend yield of 0.48%.
| Dividend Per Share | $0.44 |
| Dividend Yield | 0.48% |
| Dividend Growth (YoY) | 7.09% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 8.21% |
| Buyback Yield | 3.75% |
| Shareholder Yield | 4.24% |
| Earnings Yield | 6.08% |
| FCF Yield | 7.86% |
Analyst Forecast
The average price target for Churchill Downs is $135.60, which is 49.42% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $135.60 |
| Price Target Difference | 49.42% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 10 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Fair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside |
Stock Splits
The last stock split was on May 22, 2023. It was a forward split with a ratio of 2:1.
| Last Split Date | May 22, 2023 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
Churchill Downs has an Altman Z-Score of 1.57 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.57 |
| Piotroski F-Score | 6 |