Churchill Downs, Incorporated (CHDN) Stock

About Churchill Downs, Incorporated

Churchill Downs, Incorporated is led by CEO William C. Carstanjen, employs 9,000 people, headquartered in Louisville, US, publicly traded since 1993.

Churchill Downs, Incorporated (CHDN) stock trades at $83.73 with a market capitalization of $5.84B. The stock is valued at a price-to-earnings (P/E) ratio of 13.26, price-to-book of 4.05, price-to-sales of 1.81. Over the past 52 weeks the stock has ranged between $73.19 and $118.35, and currently trades 29.3% below its 52-week high. It pays a dividend yielding 0.57%.

On profitability, Churchill Downs, Incorporated generates a return on equity (ROE) of 36.57%, above the typical market range of roughly 12-15%, return on capital employed of 11.75%, an operating margin of 23.59%, a net profit margin of 13.69%.

Churchill Downs, Incorporated by the numbers, 2016–2025

Between 2016 and 2025 Churchill Downs, Incorporated reported revenue of $1.3B rising to $2.9B, a change of +123.5% across 10 years. Compounded, revenue has grown 22.7% a year over five years, 17.4% over three, 7.0% over the last twelve months. Net profit rose to $380.0M.

Operating margin went from 14.8% in 2016 to 25.2% in 2025, a gain of 10.3 percentage points. The most recent net margin is 13.69%. On a trailing twelve-month basis to Jun '26, revenue is $3.0B and net profit $410.0M.

Borrowings rose from $922.0M to $5.2B, cash from operations was $770.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 56.9% over five years, and was 37.6% in the most recent year.

The share price itself has compounded at —% a year over five years, -14.2% over three, -12.2% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Churchill Downs, Incorporated (CHDN) — frequently asked questions