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

Churchill Downs, Incorporated (CHDN) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Churchill Downs, Incorporated (CHDN) trades at a price to free cash flow of 22.1×. Over the past ten years it has ranged from 0.0× (September 2024) to 169× (October 2018); the current reading is higher than 48% of that period. That is above the Gambling industry median of 15.2× and above the Consumer Cyclical sector median of 12.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 29.4× (45.97%)
FY2024 54.5× (56.07%)
FY2023 124× 401.93%
FY2022 24.7× (11.51%)
FY2021 27.9× —
FY2020 0.0× —
FY2019 43.4× (46.60%)
FY2018 81.3× 103.38%
FY2017 40.0× 222.06%
FY2016 12.4× 11.58%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 17.0× (5.26%)
Jun 2026 18.0× (1.36%)
Mar 2026 18.2× (38.08%)
Dec 2025 29.4× (3.95%)
43 more quarters

Against its own ten years

Low 0.0× High 169×
Ten-year median 23.0×
Current reading's percentile 48

Price to free cash flow against peers

Company Price to free cash flow
BRSL Brightstar Lottery compare n/m
CDRO Codere Online Luxembourg, S.A. compare n/m
RSI Rush Street Interactive, Inc. compare 7.6×
ACEL Accel Entertainment, Inc. compare 10.4×
LNWO Light & Wonder, Inc. compare 11.9×
SGHC Super Group (SGHC) Limited compare 18.3×
CHDN Churchill Downs, Incorporated 22.1×
DKNG DraftKings Inc. compare 23.4×
FLUT Flutter Entertainment PLC compare 28.9×
Gambling industry median 15.2×
Consumer Cyclical sector median 12.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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