Churchill Downs CHDN Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 23.5%+0.1pp | 23.4%-0.5pp | 23.8%-1.4pp | 25.3%-0.5pp | 25.8%-0.2pp | |
| Net margin | 13.2%+0.1pp | 13.1%-0.9pp | 14%-1.2pp | 15.2%0.0pp | 15.2%-0.4pp | |
| Returns | ||||||
| Return on equity | 35.9%-0.7pp | 36.6%-1.3pp | 37.9%-3.7pp | 41.6%-3.0pp | 44.6%+1.4pp | |
| Return on invested capital | 18.8%+1.0pp | 17.8%-1.3pp | 19.1%-1.7pp | 20.8%-0.5pp | 21.3%+1.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.5×-0.1× | 0.6×0.0× | 0.6×0.0× | 0.6×+0.1× | 0.5×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.7×-0.4× | 2.1×+0.1× | 2×+0.1× | 1.8×+0.2× | 1.7×-0.1× | |
| Net debt / EBITDA | 1.7×-0.3× | 2×+0.1× | 1.9×+0.2× | 1.8×+0.1× | 1.6×-0.2× | |
| Per Share | ||||||
| Book value per share | $15.66+11.3% | $14.07-3.5% | $14.58+1.2% | $14.41-0.6% | $14.49-0.3% | |
| Valuation | ||||||
| Market capitalization | $6.26B-21.1% | $7.93B+16.6% | $6.8B-5.9% | $7.23B-11.4% | $8.16B-16.8% | |
| Price / earnings | 16.1×-4.6× | 20.7×+3.8× | 16.9×+0.1× | 16.8×-2.5× | 19.3×-3.7× | |
| Price / sales | 2.1×-0.6× | 2.7×+0.4× | 2.4×-0.2× | 2.6×-0.4× | 2.9×-0.7× | |
| Price / book | 5.7×-2.1× | 7.9×+1.3× | 6.6×-0.4× | 6.9×-0.7× | 7.6×-1.4× | |
| EV / EBITDA | 8.5×-2.2× | 10.6×+1.3× | 9.4×-0.1× | 9.5×-0.9× | 10.4×-2.2× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Churchill Downs's ratios come from?
- Every ratio is computed from Churchill Downs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.