Churchill Downs Incorporated (CHDN)
Consumer Discretionary · Pari-mutuel racing and gaming entertainment
Churchill Downs operates thoroughbred racing venues, historical racing machines, and digital wagering platforms centered on the iconic Kentucky Derby.
What Churchill Downs Incorporated does
Churchill Downs Incorporated operates live thoroughbred racing venues, historical racing entertainment facilities (HRM machines), and digital wagering services. The company's flagship property is Churchill Downs Racetrack in Louisville, Kentucky, home to the Kentucky Derby, the longest continuously held annual sporting event in the US. The company also runs historical racing venues across Kentucky, Virginia, and New Hampshire, and provides wagering services and solutions through retail sportsbooks and digital platforms.
Themes: ["Thoroughbred racing and wagering"]
Fundamentals
- Price$86.13 as of 2026-07-09 close
- Market cap$6.0B as of 2026-07-10
- 1-year return-18.5% as of 2026-07-09 close
- P/E15.32 as of 2026-07-10
- Net margin+13.2% as of 2026-07-10
- Gross margin+34.4% as of 2026-07-10
- ROE+37.2% as of 2026-07-10
- Debt / equity4.50 as of 2026-07-10
- Revenue growth (YoY)+5.8% as of 2026-07-10
- Revenue CAGR (3y)+17.4% SEC XBRL
- Beta0.67 as of 2026-07-10
Dividend: yield +0.5%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Heavy leverage with $4.8 billion in long-term debt and notes payable, exposing the company to refinancing risk and interest rate fluctuations in an uncertain economic environment."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.