Churchill Downs Inc (CHDN) Factsheet
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Churchill Downs Inc (CHDN) Stock Analysis
Analysis from 10-Q filed 2026-07-29. Data as of Q2 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 8.4%. FCF margin 20.3%. D/E 3.6x. Source: 10-Q filed 2026-07-29.
| Metric | Value | Context |
|---|---|---|
| ROIC | 8.4% | Near cost of capital |
| FCF Margin | 20.3% | Strong cash generation |
| Debt/Equity | 3.6x | Elevated debt |
ROIC 8.4% — Top 50% of sector peers. FCF margin 20.3% — 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 8.4% ROIC, Top 50% in Consumer Discretionary
ROIC TTM 8.4%, sector median 5.8%, Top 50%. DuPont: NOPAT margin 17.1% × asset turnover 0.4x. Gross margin 34.2%. Operating margin 24.1%. Source: 10-Q filed 2026-07-29.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 8.4% | Adequate | Above sector median of 5.8% |
| Return on Equity (ROE) | 38.2% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 34.2% | Good | Competitive pricing environment |
| Operating Margin | 24.1% | Excellent | Efficient operations |
Cash Flow: Churchill Downs Inc generates $607.6M FCF at 20.3% margin, positive NaN/8 quarters
FCF TTM $607.6M. FCF margin 20.3%, Top 5%. OCF/Net income 1.9x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-07-29.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 20.3% | Excellent | Excellent cash conversion |
| Free Cash Flow (TTM) | $607.6M | Good | Positive cash generation |
| OCF/Net Income | 1.9x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: Churchill Downs Inc at 3.6x leverage, 2.5x interest coverage
Debt/Equity 3.6x. Total debt $4.8B, cash & investments $196.0M. Interest coverage 2.5x. Source: 10-Q filed 2026-07-29.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Debt to Equity | 3.6x | Red flag | Elevated leverage |
| Net Cash Position | $-4.6B | Warning | Net debt position |
| Interest Coverage | 2.5x | Adequate | Monitor debt obligations |
Valuation: Churchill Downs Inc trades at 13.1x earnings
P/E 13.1x. EV/Sales 3.3x. FCF yield 11.4%. Dividend yield 0.6%. Source: 10-Q filed 2026-07-29.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| P/E Ratio | 13.1x | Adequate | Reasonable valuation |
| EV/Sales | 3.3x | Good | Growth premium priced in |
| FCF Yield | 11.4% | Excellent | Attractive cash return |
| Dividend Yield | 0.6% | Adequate | Growth focus over income |
Capital Allocation: Churchill Downs Inc returns 2.2% shareholder yield, reducing shares 0.6% YoY
Total shareholder yield 2.2% (div 0.6% + buyback 1.6%). Share count -0.6% YoY. Capital returned $118.6M TTM. Source: 10-Q filed 2026-07-29.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 2.2% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 1.6% | Adequate | Minimal buyback activity |
| Share Count Change (YoY) | -0.6% | Adequate | Net share reduction (accretive) |
| Total Capital Returned (TTM) | $118.6M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 8.4% | Top 50% | 1.5x above |
| Free Cash Flow Margin | 20.3% | Top 5% | 5.8x above |
| Gross Margin | 34.2% | Bottom 50% | 0.9x below |
| Operating Margin | 24.1% | Top 5% | 6.0x above |
| Return on Equity (ROE) | 38.2% | Top 25% | 3.8x above |
| P/E Ratio | 13.1x | N/A | - |
Financial Scorecard
| Metric | CHDN | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 8.4% | Adequate | Top 50% of sector (median: 5.8%) |
| Free Cash Flow Margin | 20.3% | Excellent | Top 5% of sector (median: 3.5%) |
| Gross Margin | 34.2% | Good | Bottom 50% of sector (median: 38.6%) |
| Debt to Equity Ratio | 355.9% | Red flag | High financial leverage |
| P/E Ratio (Price-to-Earnings) | 13.1x | Adequate | Attractively valued |
| Free Cash Flow Yield | 11.4% | Excellent | High cash return |
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 8.4%. The 8-quarter median ROIC is 6.8% with a improving trend. Sector median 5.8%. Source: 10-Q filed 2026-07-29.
Q: What is Churchill Downs Inc's Free Cash Flow Margin?
Churchill Downs Inc (CHDN) has a free cash flow margin of 20.3%, generating $607.6 million in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-07-29.
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 13.1x, which is above the sector median of N/A. EV/Sales 3.3x. FCF yield 11.4%. Source: 10-Q filed 2026-07-29.
Q: Does Churchill Downs Inc pay a dividend?
Churchill Downs Inc (CHDN) currently pays a dividend yield of 0.6%. Total shareholder yield (dividend + buybacks) 2.2%. Source: 10-Q filed 2026-07-29.
Q: How much debt does Churchill Downs Inc have?
Churchill Downs Inc (CHDN) has a debt-to-equity ratio of 3.6x with total debt of $4.8 billion. Interest coverage 2.5x. Net debt $4.6 billion. Source: 10-Q filed 2026-07-29.
Q: What is Churchill Downs Inc's revenue and earnings growth?
Churchill Downs Inc (CHDN) grew revenue by 5.7% year-over-year. EPS +0.4% YoY. Source: 10-Q filed 2026-07-29.
Q: Is Churchill Downs Inc buying back stock?
Churchill Downs Inc (CHDN) repurchased $86.8 million of stock over the trailing twelve months. This represents a buyback yield of 1.6%. Share count -0.6% YoY. Source: 10-Q filed 2026-07-29.
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 8.4%, sector median 5.8% (Top 50%). FCF margin 20.3%, sector median 3.5% (Top 5%). Gross margin 34.2%, 4.5pp below sector median. 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) debt/equity 3.6x (above 1.5x threshold); 2) interest coverage 2.5x (below 5x). Source: 10-Q filed 2026-07-29.
Data Source: Data sourced from 10-Q filed 2026-07-29. TTM metrics as of Q2 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.