Churchill Downs Statistics
Total Valuation
Churchill Downs has a market cap or net worth of $6.04 billion. The enterprise value is $10.86 billion.
| Market Cap | 6.04B |
| Enterprise Value | 10.86B |
Important Dates
The last earnings date was Wednesday, April 22, 2026, after market close.
| Earnings Date | Apr 22, 2026 |
| Ex-Dividend Date | Dec 5, 2025 |
Share Statistics
Churchill Downs has 69.70 million shares outstanding. The number of shares has decreased by -4.87% in one year.
| Current Share Class | 69.70M |
| Shares Outstanding | 69.70M |
| Shares Change (YoY) | -4.87% |
| Shares Change (QoQ) | -0.43% |
| Owned by Insiders (%) | 3.90% |
| Owned by Institutions (%) | 81.01% |
| Float | 65.78M |
Valuation Ratios
The trailing PE ratio is 15.80 and the forward PE ratio is 12.65. Churchill Downs's PEG ratio is 0.61.
| PE Ratio | 15.80 |
| Forward PE | 12.65 |
| PS Ratio | 2.05 |
| Forward PS | 1.94 |
| PB Ratio | 5.52 |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 10.72 |
| P/OCF Ratio | 7.39 |
| PEG Ratio | 0.61 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.28, with an EV/FCF ratio of 19.26.
| EV / Earnings | 27.99 |
| EV / Sales | 3.69 |
| EV / EBITDA | 11.28 |
| EV / EBIT | 14.57 |
| EV / FCF | 19.26 |
Financial Position
The company has a current ratio of 0.54, with a Debt / Equity ratio of 4.38.
| Current Ratio | 0.54 |
| Quick Ratio | 0.36 |
| Debt / Equity | 4.38 |
| Debt / EBITDA | 5.04 |
| Debt / FCF | 8.89 |
| Interest Coverage | 2.50 |
Financial Efficiency
Return on equity (ROE) is 35.00% and return on invested capital (ROIC) is 8.85%.
| Return on Equity (ROE) | 35.00% |
| Return on Assets (ROA) | 6.28% |
| Return on Invested Capital (ROIC) | 8.85% |
| Return on Capital Employed (ROCE) | 11.21% |
| Weighted Average Cost of Capital (WACC) | 6.45% |
| Revenue Per Employee | $327,322 |
| Profits Per Employee | $43,111 |
| Employee Count | 9,000 |
| Asset Turnover | 0.40 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Churchill Downs has paid $157.90 million in taxes.
| Income Tax | 157.90M |
| Effective Tax Rate | 28.74% |
Stock Price Statistics
The stock price has decreased by -11.74% in the last 52 weeks. The beta is 0.73, so Churchill Downs's price volatility has been lower than the market average.
| Beta (5Y) | 0.73 |
| 52-Week Price Change | -11.74% |
| 50-Day Moving Average | 89.74 |
| 200-Day Moving Average | 98.31 |
| Relative Strength Index (RSI) | 41.17 |
| Average Volume (20 Days) | 1,068,750 |
Short Selling Information
The latest short interest is 3.49 million, so 5.01% of the outstanding shares have been sold short.
| Short Interest | 3.49M |
| Short Previous Month | 2.74M |
| Short % of Shares Out | 5.01% |
| Short % of Float | 5.31% |
| Short Ratio (days to cover) | 3.47 |
Income Statement
In the last 12 months, Churchill Downs had revenue of $2.95 billion and earned $388.00 million in profits. Earnings per share was $5.49.
| Revenue | 2.95B |
| Gross Profit | 995.60M |
| Operating Income | 745.40M |
| Pretax Income | 549.40M |
| Net Income | 388.00M |
| EBITDA | 962.70M |
| EBIT | 745.40M |
| Earnings Per Share (EPS) | $5.49 |
Balance Sheet
The company has $200.00 million in cash and $5.01 billion in debt, with a net cash position of -$4.81 billion or -$69.07 per share.
| Cash & Cash Equivalents | 200.00M |
| Total Debt | 5.01B |
| Net Cash | -4.81B |
| Net Cash Per Share | -$69.07 |
| Equity (Book Value) | 1.14B |
| Book Value Per Share | 15.73 |
| Working Capital | -384.00M |
Cash Flow
In the last 12 months, operating cash flow was $817.80 million and capital expenditures -$253.90 million, giving a free cash flow of $563.90 million.
| Operating Cash Flow | 817.80M |
| Capital Expenditures | -253.90M |
| Depreciation & Amortization | 217.30M |
| Net Borrowing | 42.10M |
| Free Cash Flow | 563.90M |
| FCF Per Share | $8.09 |
Margins
Gross margin is 33.80%, with operating and profit margins of 25.30% and 13.20%.
| Gross Margin | 33.80% |
| Operating Margin | 25.30% |
| Pretax Margin | 18.65% |
| Profit Margin | 13.20% |
| EBITDA Margin | 32.68% |
| EBIT Margin | 25.30% |
| FCF Margin | 19.14% |
Dividends & Yields
This stock pays an annual dividend of $0.44, which amounts to a dividend yield of 0.50%.
| Dividend Per Share | $0.44 |
| Dividend Yield | 0.50% |
| Dividend Growth (YoY) | 7.09% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 7.98% |
| Buyback Yield | 4.87% |
| Shareholder Yield | 5.38% |
| Earnings Yield | 6.42% |
| FCF Yield | 9.33% |
Analyst Forecast
The average price target for Churchill Downs is $137.75, which is 58.83% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $137.75 |
| Price Target Difference | 58.83% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 12 |
| 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 1.53 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.53 |
| Piotroski F-Score | 6 |