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Friday 6 November 2026 Export CHDN’s income statement to Excel — free account

Churchill Downs, Incorporated

CHDN Consumer Cyclical Gambling

Churchill Downs, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 7.01% from fiscal 2024.

Revenue
+1.90%
EPS
+111.7%
Free cash flow
+252.7%
Total debt
−7.52%

Quarter to September 2026, against a year earlier

98.25 0.25 +0.26%
Market cap
$6.7B
P/E
15.2×
Fwd P/E
14.0×
Dividend yield
0.45%
F-score
6/9
Altman Z
1.59
Beneish M
−2.74
Dividend safety
74/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Churchill Downs, Incorporated (CHDN) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Churchill Downs, Incorporated (CHDN) trades at a EV/EBITDA of 11.2×. Over the past ten years it has ranged from 9.6× (October 2026) to 73.2× (March 2021); the current reading is higher than 7% of that period. That is above the Gambling industry median of 6.9× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 14.0× (11.74%)
FY2024 15.9× (19.91%)
FY2023 19.9× (29.28%)
FY2022 28.1× 1.14%
FY2021 27.8× (52.36%)
FY2020 58.3× 170.15%
FY2019 21.6× 33.82%
FY2018 16.1× (10.53%)
FY2017 18.0× 70.30%
FY2016 10.6× (16.43%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 9.7× (13.64%)
Jun 2026 11.2× (4.76%)
Mar 2026 11.8× (16.19%)
Dec 2025 14.0× 11.18%
43 more quarters

Against its own ten years

Low 9.6× High 73.2×
Ten-year median 17.7×
Current reading's percentile 7

EV/EBITDA against peers

Company EV/EBITDA
RSI Rush Street Interactive, Inc. compare 4.8×
BRSL Brightstar Lottery compare 5.1×
CDRO Codere Online Luxembourg, S.A. compare 5.6×
ACEL Accel Entertainment, Inc. compare 6.9×
SGHC Super Group (SGHC) Limited compare 8.3×
CHDN Churchill Downs, Incorporated 11.2×
LNWO Light & Wonder, Inc. compare 16.7×
FLUT Flutter Entertainment PLC compare 35.2×
DKNG DraftKings Inc. compare 110×
Gambling industry median 6.9×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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