Churchill Downs Inc (CHDN) Factsheet
Earnings-call transcript: none · IR deck: none — watch a real agent read these end-to-end →
Churchill Downs Inc (CHDN) Stock Analysis
Analysis from 10-Q filed 2026-10-28. Data as of Q3 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 9.0%. FCF margin 20.3%. D/E 3.4x. Source: 10-Q filed 2026-10-28.
| Metric | Value | Context |
|---|---|---|
| ROIC | 9.0% | Near cost of capital |
| FCF Margin | 20.3% | Strong cash generation |
| Debt/Equity | 3.4x | Elevated debt |
ROIC 9.0% — Top 50% of sector peers. FCF margin 20.3% — Top 5%.
Explore Churchill Downs Inc: Earnings History | Overview
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_section, get_metric_history, compare_companies, screen_filing_signals.
Profitability: Churchill Downs Inc earns 9.0% ROIC, Top 50% in Consumer Discretionary
ROIC TTM 9.0%, sector median 6.8%, Top 50%. DuPont: NOPAT margin 18.3% × asset turnover 0.4x. Gross margin 34.1%. Operating margin 25.5%. Source: 10-Q filed 2026-10-28.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 9.0% | Adequate | Above sector median of 6.8% |
| Return on Equity (ROE) | 39.1% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 34.1% | Good | Competitive pricing environment |
| Operating Margin | 25.5% | Excellent | Efficient operations |
Cash Flow: Churchill Downs Inc generates $608.7M FCF at 20.3% margin, positive NaN/8 quarters
FCF TTM $608.7M. FCF margin 20.3%, Top 5%. OCF/Net income 1.7x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-10-28.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 20.3% | Excellent | Excellent cash conversion |
| Free Cash Flow (TTM) | $608.7M | Good | Positive cash generation |
| OCF/Net Income | 1.7x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: Churchill Downs Inc at 3.4x leverage, 2.7x interest coverage
Debt/Equity 3.4x. Total debt $4.7B, cash & investments $167.0M. Interest coverage 2.7x. Source: 10-Q filed 2026-10-28.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Debt to Equity | 3.4x | Red flag | Elevated leverage |
| Net Cash Position | $-4.6B | Warning | Net debt position |
| Interest Coverage | 2.7x | Adequate | Monitor debt obligations |
Valuation: Churchill Downs Inc trades at 15.1x earnings
P/E 15.1x. EV/Sales 3.8x. FCF yield 8.9%. Dividend yield 0.5%. Source: 10-Q filed 2026-10-28.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| P/E Ratio | 15.1x | Adequate | Reasonable valuation |
| EV/Sales | 3.8x | Good | Growth premium priced in |
| FCF Yield | 8.9% | Excellent | Attractive cash return |
| Dividend Yield | 0.5% | Adequate | Growth focus over income |
Capital Allocation: Churchill Downs Inc returns 1.6% shareholder yield, reducing shares 1.7% YoY
Total shareholder yield 1.6% (div 0.5% + buyback 1.1%). Share count -1.7% YoY. Capital returned $107.6M TTM. Source: 10-Q filed 2026-10-28.
| Metric | CHDN | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 1.6% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 1.1% | Adequate | Minimal buyback activity |
| Share Count Change (YoY) | -1.7% | Good | Net share reduction (accretive) |
| Total Capital Returned (TTM) | $107.6M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 9.0% | Top 50% | 1.3x above |
| Free Cash Flow Margin | 20.3% | Top 5% | 6.2x above |
| Gross Margin | 34.1% | Bottom 50% | 0.9x below |
| Operating Margin | 25.5% | Top 5% | 6.1x above |
| Return on Equity (ROE) | 39.1% | Top 25% | 3.5x above |
| P/E Ratio | 15.1x | N/A | - |
Financial Scorecard
| Metric | CHDN | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 9.0% | Adequate | Top 50% of sector (median: 6.8%) |
| Free Cash Flow Margin | 20.3% | Excellent | Top 5% of sector (median: 3.2%) |
| Gross Margin | 34.1% | Good | Bottom 50% of sector (median: 38.1%) |
| Debt to Equity Ratio | 342.4% | Red flag | High financial leverage |
| P/E Ratio (Price-to-Earnings) | 15.1x | Adequate | Fair value |
| Free Cash Flow Yield | 8.9% | 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 9.0%. The 8-quarter median ROIC is 6.8% with a improving trend. Sector median 6.8%. Source: 10-Q filed 2026-10-28.
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 $608.7 million in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-10-28.
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 15.1x, which is above the sector median of N/A. EV/Sales 3.8x. FCF yield 8.9%. Source: 10-Q filed 2026-10-28.
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) 1.6%. Source: 10-Q filed 2026-10-28.
Q: How much debt does Churchill Downs Inc have?
Churchill Downs Inc (CHDN) has a debt-to-equity ratio of 3.4x with total debt of $4.7 billion. Interest coverage 2.7x. Net debt $4.6 billion. Source: 10-Q filed 2026-10-28.
Q: What is Churchill Downs Inc's revenue and earnings growth?
Churchill Downs Inc (CHDN) grew revenue by 4.2% year-over-year. EPS +17.6% YoY. Source: 10-Q filed 2026-10-28.
Q: Is Churchill Downs Inc buying back stock?
Churchill Downs Inc (CHDN) repurchased $75.8 million of stock over the trailing twelve months. This represents a buyback yield of 1.1%. Share count -1.7% YoY. Source: 10-Q filed 2026-10-28.
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 9.0%, sector median 6.8% (Top 50%). FCF margin 20.3%, sector median 3.2% (Top 5%). Gross margin 34.1%, 4.0pp 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 3.4x (above 1.5x threshold); 2) interest coverage 2.7x (below 5x). Source: 10-Q filed 2026-10-28.
Data Source: Data sourced from 10-Q filed 2026-10-28. TTM metrics as of Q3 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.
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms