CHDN

Churchill Downs

Consumer Cyclical Gambling NASDAQ

About the company

Churchill Downs Incorporated (CDI) is a prominent gaming entertainment company that has established a strong foothold in the industry. With a diverse portfolio that encompasses online wagering, racing, and gaming, CDI has become a recognizable name in the world of entertainment. CDI operates through three primary business segments, each contributing to its overall success. The first segment, Live and Historical Racing, focuses on organizing live pari-mutuel racing events as well as showcasing historical races. This segment not only provides an exciting experience for racing enthusiasts but also serves as a source of revenue for the company. The second segment, TwinSpires, is a crucial component of CDI's operations. TwinSpires is an online platform that offers horse racing wagering opportunities, making it convenient for bettors to engage in the sport. Additionally, TwinSpires has expanded its reach by venturing into online and retail sports betting and iGaming wagering, providing a comprehensive betting experience for its customers. This segment has proven to be a significant source of revenue for CDI. Lastly, the Gaming segment plays a vital role in the overall revenue generation for CDI. This segment includes revenue from various casino properties and the associated racetracks or jai alai facilities that support the casino license. CDI's gaming properties are known for providing an exceptional entertainment experience, featuring a wide range of casino games, amenities, and first-class hospitality. CDI has strategically diversified its revenue streams to reduce dependency on any single segment. With more than half of its revenue coming from the Gaming segment, CDI continues to tap into the lucrative casino market, leveraging its expertise in the gaming industry to create exceptional entertainment destinations. Moreover, CDI has ventured into geographic expansion by acquiring and investing in additional gaming properties, further strengthening its presence in the market. By expanding its footprint, CDI aims to capture new markets and increase its customer base. In addition to its core business operations, CDI also actively engages in philanthropic endeavors, supporting various charitable organizations and community initiatives. The company is committed to giving back to the communities it serves, fostering a positive impact beyond its business ventures. With its long-standing reputation and commitment to high-quality entertainment, Churchill Downs Incorporated has solidified its position as a leader in the gaming and racing industry. By continuously innovating and adapting to the changing landscape, CDI aims to provide unparalleled experiences for its customers while driving sustainable growth and profitability.

Website: https://www.churchilldownsincorporated.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Consumer Cyclical · 620 peers in sector

Metric CHDN Sector median Vs. industry
P/E 16.06 19.55 ↓ Below average
EPS 5.43 USD 0.16 USD ↑ Above average
Dividend yield 0.50% 0.00% ↑ Above average
Profit margin 13.21% 0.60% ↑ Above average
ROE 35.00% 0.00% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

Financial statements & historical data

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Frequently Asked Questions

What is Churchill Downs?
Churchill Downs Incorporated (CDI) is a prominent gaming entertainment company that has established a strong foothold in the industry. With a diverse portfolio that encompasses online wagering, racing, and gaming, CDI has become a recognizable name in the world of entertainment. CDI operates through three primary business segments, each contributing to its overall success. The first segment, Live and Historical Racing, focuses on organizing live pari-mutuel racing events as well as showcasing historical races. This segment not only provides an exciting experience for racing enthusiasts but also serves as a source of revenue for the company. The second segment, TwinSpires, is a crucial component of CDI's operations. TwinSpires is an online platform that offers horse racing wagering opportunities, making it convenient for bettors to engage in the sport. Additionally, TwinSpires has expanded its reach by venturing into online and retail sports betting and iGaming wagering, providing a comprehensive betting experience for its customers. This segment has proven to be a significant source of revenue for CDI. Lastly, the Gaming segment plays a vital role in the overall revenue generation for CDI. This segment includes revenue from various casino properties and the associated racetracks or jai alai facilities that support the casino license. CDI's gaming properties are known for providing an exceptional entertainment experience, featuring a wide range of casino games, amenities, and first-class hospitality. CDI has strategically diversified its revenue streams to reduce dependency on any single segment. With more than half of its revenue coming from the Gaming segment, CDI continues to tap into the lucrative casino market, leveraging its expertise in the gaming industry to create exceptional entertainment destinations. Moreover, CDI has ventured into geographic expansion by acquiring and investing in additional gaming properties, further strengthening its presence in the market. By expanding its footprint, CDI aims to capture new markets and increase its customer base. In addition to its core business operations, CDI also actively engages in philanthropic endeavors, supporting various charitable organizations and community initiatives. The company is committed to giving back to the communities it serves, fostering a positive impact beyond its business ventures. With its long-standing reputation and commitment to high-quality entertainment, Churchill Downs Incorporated has solidified its position as a leader in the gaming and racing industry. By continuously innovating and adapting to the changing landscape, CDI aims to provide unparalleled experiences for its customers while driving sustainable growth and profitability.
Are Churchill Downs shares expensive?
The price-to-earnings (P/E) ratio of Churchill Downs is 16.06 — the share price is 16.06 times the annual profit per share. That is lower than the typical company in the same industry (industry median: 19.55). This is information, not a recommendation. (as of 2026-06-02)
How big is Churchill Downs?
The market capitalization of Churchill Downs — the combined value of all its shares — is 6.08 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does Churchill Downs pay dividends?
The dividend yield of Churchill Downs is 0.50% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does Churchill Downs belong to?
Churchill Downs operates in the Consumer Cyclical sector, industry: Gambling.

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