Churchill Downs Inc (CHDN) Factsheet
Churchill Downs Inc (CHDN) Stock Analysis
Analysis from 10-Q filed 2025-10-22. Data as of Q1 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 8.1%. FCF margin -8.6%. D/E 4.5x. Source: 10-Q filed 2025-10-22.
| Metric | Value | Context |
|---|---|---|
| ROIC | 8.1% | Near cost of capital |
| FCF Margin | -8.6% | Cash flow pressure |
| Debt/Equity | 4.5x | Elevated debt |
ROIC 8.1% — Top 50% of sector peers. FCF margin -8.6% — Top 5%.
Explore Churchill Downs Inc: Earnings History | Filings
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for CHDN: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.
Profitability: Churchill Downs Inc earns 8.1% ROIC, Top 50% in Consumer Discretionary
ROIC TTM 8.1%, sector median 7.7%, Top 50%. DuPont: NOPAT margin 16.7% × asset turnover 0.4x. Operating margin 23.5%. Source: 10-Q filed 2025-10-22.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 8.1% | Adequate | Above sector median of 7.7% |
| Return on Equity (ROE) | 36.9% | Excellent | Efficient use of shareholder equity |
| Operating Margin | 23.5% | Excellent | Efficient operations |
Cash Flow: Churchill Downs Inc generates $-253.9M FCF at -8.6% margin, positive NaN/8 quarters
FCF TTM $-253.9M. FCF margin -8.6%, Top 5%. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-10-22.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | -8.6% | Red flag | Thin cash margins |
| Free Cash Flow (TTM) | $-253.9M | Red flag | Cash burn |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: Churchill Downs Inc at 4.5x leverage
Debt/Equity 4.5x. Total debt $4.9B, cash & investments $200.0M. Source: 10-Q filed 2025-10-22.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Debt to Equity | 4.5x | Red flag | Elevated leverage |
| Net Cash Position | $-4.7B | Warning | Net debt position |
Valuation: Churchill Downs Inc trades at 16.4x earnings
P/E 16.4x. EV/Sales 3.8x. FCF yield -4.0%. Dividend yield 0.5%. Source: 10-Q filed 2025-10-22.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| P/E Ratio | 16.4x | Adequate | Reasonable valuation |
| EV/Sales | 3.8x | Good | Growth premium priced in |
| FCF Yield | -4.0% | Warning | Lower cash yield |
| Dividend Yield | 0.5% | Adequate | Growth focus over income |
Capital Allocation: Churchill Downs Inc returns 5.9% shareholder yield
Total shareholder yield 5.9% (div 0.5% + buyback 5.4%). Capital returned $371.6M TTM. Source: 10-Q filed 2025-10-22.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 5.9% | Good | Dividend + buyback yield combined |
| Buyback Yield | 5.4% | Good | Active share repurchases |
| Total Capital Returned (TTM) | $371.6M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 8.1% | Top 50% | 1.1x above |
| Free Cash Flow Margin | -8.6% | Top 5% | -3.8x below |
| Operating Margin | 23.5% | Top 5% | 5.5x above |
| Return on Equity (ROE) | 36.9% | Top 25% | 3.5x above |
| P/E Ratio | 16.4x | N/A | - |
Financial Scorecard
| Metric | CHDN | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 8.1% | Adequate | Top 50% of sector (median: 7.7%) |
| Free Cash Flow Margin | -8.6% | Red flag | Top 5% of sector (median: 2.3%) |
| Debt to Equity Ratio | 449.6% | Red flag | High financial leverage |
| P/E Ratio (Price-to-Earnings) | 16.4x | Adequate | Fair value |
| Free Cash Flow Yield | -4.0% | Red flag | Growth-focused valuation |
Frequently Asked Questions
Q: What is Churchill Downs Inc's Return on Invested Capital (ROIC)?
Churchill Downs Inc (CHDN) has a trailing twelve-month Return on Invested Capital (ROIC) of 8.1%. Sector median 7.7%. Source: 10-Q filed 2025-10-22.
Q: What is Churchill Downs Inc's Free Cash Flow Margin?
Churchill Downs Inc (CHDN) has a free cash flow margin of -8.6%, generating $-253.9 million in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-10-22.
Q: What is Churchill Downs Inc's P/E ratio and how does it compare to peers?
Churchill Downs Inc (CHDN) trades at a P/E ratio of 16.4x, which is above the sector median of N/A. EV/Sales 3.8x. Source: 10-Q filed 2025-10-22.
Q: Does Churchill Downs Inc pay a dividend?
Churchill Downs Inc (CHDN) currently pays a dividend yield of 0.5%. Total shareholder yield (dividend + buybacks) 5.9%. Source: 10-Q filed 2025-10-22.
Q: How much debt does Churchill Downs Inc have?
Churchill Downs Inc (CHDN) has a debt-to-equity ratio of 4.5x with total debt of $4.9 billion. Net debt $4.7 billion. Source: 10-Q filed 2025-10-22.
Q: What is Churchill Downs Inc's revenue and earnings growth?
Churchill Downs Inc (CHDN) grew revenue by 5.7% year-over-year. EPS -3.4% YoY. Source: 10-Q filed 2025-10-22.
Q: Is Churchill Downs Inc buying back stock?
Churchill Downs Inc (CHDN) repurchased $340.8 million of stock over the trailing twelve months. This represents a buyback yield of 5.4%. Source: 10-Q filed 2025-10-22.
Q: How does Churchill Downs Inc compare to competitors in Consumer Discretionary?
Compared to other companies in Consumer Discretionary, Churchill Downs Inc (CHDN) shows: ROIC 8.1%, sector median 7.7% (Top 50%). FCF margin -8.6%, sector median 2.3% (Top 5%). These rankings are based on MetricDuck's analysis of all Consumer Discretionary companies with available SEC filings.
Q: What warning signs should I watch for with Churchill Downs Inc?
Quantitative warning flags for Churchill Downs Inc (CHDN): 1) FCF margin -8.6% (below 5%); 2) ROIC declining -6.0% over 8 quarters; 3) debt/equity 4.5x (above 1.5x threshold). Source: 10-Q filed 2025-10-22.
Data Source: Data sourced from 10-Q filed 2025-10-22. TTM metrics as of Q1 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.