Churchill Downs Inc (CHDN) Overview
Consumer Discretionary • Nasdaq • CIK 0000020212
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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
Market Cap
$6.82B
P/E (TTM)
15.1x
Rev Growth (TTM)
+4.2%
Net Margin (TTM)
15.1%
FCF Yield (TTM)
8.9%
FCF Margin (TTM)
20.3%
Figures as of September 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.
8-KOct 20262026-10-28source
8-KOct 20262026-10-28source
10-Q2026 Q32026-10-28source
8-KEarnings2026-10-28source
8-KSep 20262026-09-28source
What your agent reads
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
IR decks — not catalogued
Company-published, not SEC-audited
Earnings
Q3
19 days ago
8-K releaseRevenue
$696.00M
+1.9%
Net Income
$80.00M
+110.5%
EPS
$1.15
+113.0%
Earnings call — not catalogued
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$608.7M
Q3 '26
$129.0M-35%
Q2 '26
$198.0M-16%
FCF Margin
TTM20.3%
Q3 '2618.5%-8%
Sector: 3.2%Top 10%
OCF Margin
25.2%
OCF/NI1.66x
CapEx Coverage
5.1x
FCF Yield8.9%
FCF Growth (3Y)+46%
Cash Conversion Cycle
-25 days
DSO: 13+DIO: 2−DPO: 40
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM1.6%
Div Yield0.5%
+Buyback (TTM)1.1%
Dividend & Payout Metrics
Dividend Yield (TTM)0.5%
FCF Payout Ratio5.1%
Free Cash Flow (TTM)$608.7M
Stock Repurchases (TTM)$75.8M
Capital Return / FCF17.7%
Shares Outstanding (YoY)-1.7%↓ Buyback
Est. Dividends Paid (TTM)$31.2M
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
15.1x
Volatile
8Q: 22.9x-1673%
Valuation Lenses
Earnings
15.1x
vs – sector
Cash Flow
18.7x
EV/FCF vs –
Growth-Adj
0.9xPEG
Undervalued for growth
Quality-Adj
1.7P/E per %ROIC
ROIC: 9.0%
Shareholder Returns
Dividend
0.5%
Buyback
1.1%
Total Yield
1.6%
Market Cap$6.82B
EV$11.38B
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
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 57th pctile
Profitability Cascade
Gross
34.1%
Operating
25.5%
Top 25% in sector
Net
15.1%
Margins Unknown
Return on Invested CapitalTTM
9.0%
Moderate
+0.0% YoY8Q: 6.8%+1.9%
P25MedianP75
57th pctl (med: 6.8%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
18.3%
8Q: 16.0%
Asset Turnover
0.40x
8Q: 0.36x
Leverage (1+D/E)
4.42x
D/E: 3.42x
DuPont: 32.6% ≈ 9.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
1.03x
8Q:0.93x
+13.8%
Invested Cap Turn
0.52x
8Q:0.45x
+10.2%
CapEx Intensity
2.5%
8Q:4.0%
CapEx/Depreciation
0.63x
FCF vs Net Margin Gap+5.1 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA 4.7x
Net Debt / EBITDA
4.7xNet Debt: $4.55B
Interest Coverage
2.7x
Leverage Metrics
Debt-to-Equity
3.42x
Balance sheet risk & solvency analysis
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