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. In the quarter to June 2026, revenue grew 4.93%, EPS grew 13.6%, free cash flow grew 2.58% and total debt fell 4.64%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five.
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Churchill Downs, Incorporated (CHDN) EV/Sales
As of 16 October 2026, Churchill Downs, Incorporated (CHDN) trades at a EV/Sales of 3.4×. Over the past ten years it has ranged from 2.5× (September 2015) to 11.0× (March 2021); the current reading is higher than 13% of that period. That is above the Gambling industry median of 1.6× and above the Consumer Cyclical sector median of 1.0×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.4× | (16.65%) |
| FY2024 | 5.3× | (10.87%) |
| FY2023 | 6.0× | (12.81%) |
| FY2022 | 6.8× | 0.14% |
| FY2021 | 6.8× | (21.87%) |
| FY2020 | 8.7× | 70.14% |
| FY2019 | 5.1× | 27.41% |
| FY2018 | 4.0× | (24.08%) |
| FY2017 | 5.3× | 93.92% |
| FY2016 | 2.7× | (29.67%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 3.6× | (3.09%) |
| Mar 2026 | 3.7× | (16.31%) |
| Dec 2025 | 4.4× | 9.63% |
| Sep 2025 | 4.0× | (4.63%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| CDRO Codere Online Luxembourg, S.A. compare | −0.4× |
| ACEL Accel Entertainment, Inc. compare | 0.9× |
| RSI Rush Street Interactive, Inc. compare | 1.3× |
| FLUT Flutter Entertainment PLC compare | 1.3× |
| DKNG DraftKings Inc. compare | 1.6× |
| SGHC Super Group (SGHC) Limited compare | 2.1× |
| BRSL Brightstar Lottery compare | 2.3× |
| LNWO Light & Wonder, Inc. compare | 3.4× |
| CHDN Churchill Downs, Incorporated | 3.4× |
| Gambling industry median | 1.6× |
| Consumer Cyclical sector median | 1.0× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)