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CHDN · Churchill Downs Inc

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$75.68 -0.48 (-0.63%) At close · Sep 30
Market Cap
$5.28B
Shares
69.70M
Volume · Sep 30 1.18M Avg daily vol (3M) 1.03M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$75.68 Open$76.16 Day$74.37–77.14 52W close$75.68–117.59 Avg vol 30d1.1M Short int4.4M · 6.3% float · 4.7d Short vol66% Last earningsOct 29, 2026 DataJan 2020–Sep 2026 Filing10-Q · Jul 29

Up next

Next earnings call
Oct 29, 2026 Scheduled · in 4 wks
filed Jul 29, 2026
call held Jul 30, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$2.99B
Trailing 12 months
Net income (TTM)
$413.00M
Trailing 12 months
Revenue growth YoY
+4.9%
Year over year
Operating margin
24.1%
Trailing 12 months
P / E (TTM)
12.1
Trailing earnings · reciprocal yield 8.2%
FCF yield
—
TTM · current market cap
Return on invested capital
8.7%
Trailing 12 months
Net cash
−$4.58B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-2.8%
Year over year · fewer shares
Price change (1Y)
-22.5%
Trailing year
Short interest
6.3%
Latest settlement · 4.7 days to cover
View all 115 metrics

AI Brief

Q2 FY26 earnings call · Jul 30, 2026
Q2 FY26

TL;DR. Churchill Downs delivered record Q2 results with $980M revenue and $477M adjusted EBITDA, driven by a record Kentucky Derby Week with all-time wagering and viewership. The company announced a strategic review to sell nine wholly-owned regional gaming properties to reduce leverage and fund share repurchases.

Bullish
  • + Live and Historical Racing segment adjusted EBITDA grew 7% with Churchill Downs Racetrack up $16M on Derby strength.
  • + NBC broadcast revenue increased $10M under new agreement with first-ever primetime Kentucky Oaks reaching 2.4M viewers.
  • + Generated record first-half free cash flow of $474M ($6.70 per share), supporting reinvestment and capital returns.
Bearish
  • − New Hampshire venues EBITDA declined $2M due to planned closure of temporary Casino Salem during Rockingham Grand Casino construction.
  • − Corporate All Other adjusted EBITDA deteriorated $5M due to reduction of corporate legal-related fees in prior year quarter and captive insurance claim development.
  • − Current debt maturities of $663M represent significant near-term refinancing obligation.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Strong Sell Momentum Very Weak Sentiment Neutral Fundamentals Strong Quant / Vol Moderate
Market backdrop VIX 16.3 · calm Equity put/call 0.53
Technical
price trend
Strong Sell
50 / 200-day cross No cross
Price vs 200-day avg −17%
below
Price vs 50-day avg −12%
below
RSI (14) 31
neutral
MACD trend Negative
52-week position 0%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −13%
trailing
6-month return −14%
trailing
YTD return −33%
this year
Relative strength −27%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $86 › 200d $92 — 200d above 50d
Institutional flow Accumulating
+3% holders QoQ · +67 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
6.33% of float · ▲ +6.2% MoM · 4.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
466 holders — near 3-yr high, broad support
Squeeze score 61
elevated · 0–100
Fundamentals
Strong
Revenue growth +13%
Y/Y
EPS growth −4%
Y/Y
Free cash flow $112.3M
Valuation P/E 13
below peers
Buyback $169.0M
remaining
Balance sheet $4.9B
net debt
Quant / Vol
risk profile
Moderate
Volatility 35%
annualized · 1-yr
Max drawdown −36%
past year
ATR 3.7%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Jul 30, 2026
2026
Derby Week incremental adjusted EBITDA Non-GAAP $15M – $18M
full-year
Project capital $180M – $220M
Maintenance capital $90M – $110M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell
4 · 3 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−17% Bearish
Price vs 50-day avg
−12% Bearish
RSI (14)
31 Neutral
MACD trend
Negative Bearish
52-week position
0% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $86 › 200d $92 — 200d above 50d
Institutional flow Accumulating
+3% holders QoQ · +67 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
6.33% of float · ▲ +6.2% MoM · 4.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
466 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $76 Now $76 · 0% Range high $118
vs 200-day avg -17% vs 50-day avg -12%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Gambling — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
CHDN
Churchill Downs Inc
this stock
$5.28B -33.5% +13.3% 13.0 6.3%
DKNG
DraftKings Inc.
$18.90B -44.9% +27.0% — 4.2%
GRKZF
Greek Organisation of Football Prognostics S.A.
$18.00B — — — 0.0%
FLUT
Flutter Entertainment plc
$14.44B -65.3% +16.6% — 8.0%
LOTMY
Lottomatica Group S.p.A./ADR
$7.05B +10.6% — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
466
% held
91.0%
Net QoQ
+6.8M sh
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
424
View
Short & Settlement
Short Interest Rising
Shares short
4.4M
Days to cover
4.7d
Change
+258.7K sh
View
Short Volume
Short vol %
66%
As of
Sep 30, 2026
Short Total
View
Fails to Deliver
FTD shares
422
Value
$36.5K
As of
Aug 28, 2026
View
Off-Exchange
Off-exchange %
43.8%
Week of
Aug 24, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Sell
Member
James Comer
Amount
$1.0K–$15.0K
Traded
Jul 3, 2025
View
Financials
Financials
Revenue (FY)
$2.9B
Net income (FY)
$383.0M
EPS diluted
$5.49
View
Buybacks
Authorized · 2 programs
$1.0B
Remaining
$169.0M
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Sep 28, 2026
This year
11
View
Proposed Sales
Value
$137.1K
Shares
1.0K
Filed
Sep 23, 2024
View
Earnings & Events
Earnings Calls Upcoming
Next call
Oct 29, 2026
Last call
Sep 23, 2026
View
Investor Relations
Latest news
Churchill Downs Incorporated Anno…
Published
Sep 28, 2026
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
CHDN -5.9% -12.7% -14.5% -13.5% -33.5%
SPY -0.7% +0.1% +12.2% -0.6% +11.8%
vs SPY -5.3% -12.8% -26.6% -12.9% -45.3%

Capital returns

Buyback programs · 2 active · as of Jun 30, 2026
Authorized (total)
$1.00B
Spent (derived)
$831.00M
Remaining
$169.00M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 20212 CUSIP 171484108 13F (30d) 17 filings 11 filers Visit website Investor relations