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Churchill Downs Incorporated

CHDNConsumer CyclicalNASDAQ

Gambling

PriceMA150MA200
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Indicator snapshot
MA150-9.56%
$97.78

Price below medium-term moving average.

MA200-9.45%
$97.66

Below long-term trend line.

RSI-14neutral
49.3

Balanced. Not overbought, not oversold.

MACDnegative
-0.0943

Histogram negative — downward momentum.

Financials · Annual
Revenue
$2.93B
+7.0% YoY
Net Income
$383.0M
-10.3% YoY
EBITDA
$1.07B
+0.2% YoY
Free Cash Flow
$125.1M

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About Churchill Downs Incorporated

Part of the consumer cyclical sector, Churchill Downs Incorporated (CHDN) is listed under Gambling. Valued at $6.16B, CHDN is a mid-cap name in its sector. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming.

Key stats
Market Cap$6.16B
P/E (TTM)16.29
Fwd P/E12.17
EPS$5.43
Beta0.73
52W Change-7.4%
Dividend Yield0.50%
ROE35.0%
Analysis

On the balance sheet, CHDN has $200.0M in cash with $5.01B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $125.1M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 35.0%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 6.3% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $1.81B (2022) to $2.93B (2025), reflecting a 62% increase over the period.

Churchill Downs Incorporated carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CHDN.

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