What is Churchill Downs's earnings yield?

Churchill Downs (CHDN) reported earnings yield of 6.2% in Q1 2026.

How has Churchill Downs's earnings yield changed year-over-year?

Churchill Downs's earnings yield increased by 19.9% year-over-year, from 5.2% to 6.2%.

What is the long-term trend for Churchill Downs's earnings yield?

Over 4 years (2021 to 2025), Churchill Downs's earnings yield has grown at a -2.8% compound annual growth rate (CAGR), from 5.4% to 4.8%.

What does earnings yield mean?

Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.

Churchill Downs CHDN Earnings yield

Earnings yield at other companies

MGM Resorts InternationalMGM

1.9%-6.1pp

Caesars Entertainment, Inc.CZR

-9%+148pp

DraftKings Inc.DKNG

0.5%+0.3pp

Boyd GamingBYD

29.7%+19.5pp

Wynn ResortsWYNN

3.5%-1.3pp

Flutter EntertainmentFLUT

-3%-4.8pp

Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Enterprise value$7.71B-19.3%

P/E15.8×-3.1×

P/S2.1×-0.8×

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Calculated from Churchill Downs’s reported figures.

net income/market cap=6.2%

Based on trailing twelve months.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's earnings yield?: Churchill Downs (CHDN) reported earnings yield of 6.2% in Q1 2026.
How has Churchill Downs's earnings yield changed year-over-year?: Churchill Downs's earnings yield increased by 19.9% year-over-year, from 5.2% to 6.2%.
What is the long-term trend for Churchill Downs's earnings yield?: Over 4 years (2021 to 2025), Churchill Downs's earnings yield has grown at a -2.8% compound annual growth rate (CAGR), from 5.4% to 4.8%.
What does earnings yield mean?: Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.