Market cap
$6,266 Mln
Revenue (TTM)
$2,992 Mln
P/E Ratio
15.3
P/B Ratio
4.5
Div. Yield
0.5 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 47.81 | 4.88 | 5.73 | 10.94 | 15.50 |
| EBIT | 115.14 | 8.68 | 8.80 | 7.91 | 20.70 |
| Net Profit | 196.30 | 11.01 | -4.61 | 5.20 | 15.70 |
| EPS | 197.53 | 14.76 | -0.48 | 7.75 | 17.65 |
| Book Value | -- | -- | -3.19 | 24.78 | 25.23 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 31.22 | 32.45 | 29.37 | 28.37 | 31.56 |
| Net Margin
| -- | 16.94 | 13.69 | -- | -- |
| Return on equity
| 45.73 | 62.70 | 34.66 | 36.28 | 43.17 |
| Return on Capital
| 7.05 | 8.93 | -- | 6.22 | 7.27 |
| Return on Assets
| 5.83 | 7.17 | 4.81 | 5.14 | 6.00 |
| Debt to Equity (x)
| -- | -- | 3.06 | 5.15 | 4.54 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
--
|
6.22
|
7.27
|
7.66
|
11.82
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
34.66
Higher than Peers by 16.41
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
34.66
|
36.28
|
43.17
|
57.75
|
102.39
|
|
Peer Median
|
18.25
|
--
|
--
|
--
|
--
|
ROA
4.81
Higher than Peers by 1.22
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
4.81
|
5.14
|
6.00
|
6.34
|
9.56
|
|
Peer Median
|
3.59
|
--
|
--
|
--
|
--
|
EBIT Margin
29.37
Higher than Peers by 12.88
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
29.37
|
28.37
|
31.56
|
33.72
|
41.78
|
|
Peer Median
|
16.49
|
--
|
--
|
--
|
--
|
Net Margin
13.69
Higher than Peers by 9.36
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
13.69
|
12.98
|
15.61
|
16.95
|
19.58
|
|
Peer Median
|
4.33
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.73
Lower than Peers by 1.27
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
5.73
|
0.07
|
0.11
|
0.36
|
0.13
|
|
Peer Median
|
7.01
|
--
|
--
|
--
|
--
|
EBIT Growth
8.80
Higher than Peers by 0.33
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
8.80
|
-3.81
|
3.95
|
9.80
|
76.54
|
|
Peer Median
|
8.47
|
--
|
--
|
--
|
--
|
Net Profit Growth
-4.61
Lower than Peers by 16.37
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
-4.61
|
-11.04
|
2.28
|
-5.03
|
76.40
|
|
Peer Median
|
11.76
|
--
|
--
|
--
|
--
|
EPS Growth
-0.48
Lower than Peers by 16.65
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
-0.48
|
-0.08
|
0.04
|
-0.05
|
0.81
|
|
Peer Median
|
16.18
|
--
|
--
|
--
|
--
|
Book Value Growth
32.97
Higher than Peers by 33.16
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
32.97
|
--
|
--
|
--
|
--
|
|
Peer Median
|
-0.18
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
3.06
Higher than Peers by 1.14
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
3.06
|
5.15
|
4.54
|
5.42
|
8.35
|
|
Peer Median
|
1.93
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.50
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
0.50
|
0.07
|
0.07
|
0.08
|
0.09
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.36
Lower than Peers by 0.64
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
0.36
|
0.60
|
0.57
|
0.53
|
0.55
|
|
Peer Median
|
1.00
|
--
|
--
|
--
|
--
|
Quick Ratio
0.35
Lower than Peers by 0.63
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
0.35
|
0.59
|
0.55
|
0.51
|
0.43
|
|
Peer Median
|
0.98
|
--
|
--
|
--
|
--
|
Interest Coverage
3.00
Higher than Peers by 0.34
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
3.00
|
2.79
|
2.98
|
3.09
|
5.13
|
|
Peer Median
|
2.66
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
4.31
Higher than Peers by 0.73
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
4.31
|
3.78
|
4.14
|
4.85
|
5.28
|
|
Peer Median
|
3.58
|
--
|
--
|
--
|
--
|
Asset Turnover
0.35
Lower than Peers by 0.11
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
0.35
|
0.40
|
0.38
|
0.37
|
0.39
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
--
|
13.96
|
15.54
|
15.95
|
20.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
--
|
2.21
|
2.93
|
10.10
|
20.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
--
|
34.26
|
34.45
|
33.32
|
33.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
--
|
-18.09
|
-15.98
|
-7.28
|
7.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
15.26
Lower than Peers by 4.87
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
15.26
|
21.52
|
23.34
|
24.51
|
36.67
|
|
Peer Median
|
20.13
|
--
|
--
|
--
|
--
|
Price / Book Value
4.50
No difference
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
4.50
|
8.09
|
9.19
|
11.45
|
29.21
|
|
Peer Median
|
4.50
|
--
|
--
|
--
|
--
|
Dividend Yield
0.51
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
0.51
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
9.51
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
9.51
|
12.23
|
13.77
|
14.85
|
23.53
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
6,266
Higher than Peers by 5,660
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Churchill Downs (CHDN)
|
6,266
|
--
|
--
|
--
|
--
|
|
Peer Median
|
606
|
--
|
--
|
--
|
--
|