profit from every $100 of sales.
$0$100
Churchill Downs
$99.72+0.10% today
-0.1% in 1 year
1-year low $73.951-year high $117.59
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $17.85 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Churchill Downs sold, what it kept, and what it did with the cash.
Sales went from $1.81 billion in 2022 to $2.93 billion in 2025, with $383 million of profit last year.
SalesProfit
Churchill Downs handed back more cash to shareholders than it generated last year.
Buybacks $428M
Free cash flow 2025$310M
Bought back its own shares$428M
Paid as dividends$31M
Cash vs. debt$201M vs. $5.1B
Churchill Downs vs. similar companies
Churchill Downs grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Churchill Downs | 17.8× · Fair price | ||
 Aristocrat Leisure | 24.0× · Fair price | ||
 Evolution | 13.3× · Cheap | ||
 DraftKings | 2,537.1× · Very expensive | ||
 The Lottery | 33.3× · Expensive |
AI analysis
An AI analyst reads Churchill Downs's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,054 | 1,597 | 1,810 | 2,462 | 2,734 | 2,926 | |
| – | – | 566 | 796 | 939 | 983 | |
| – | – | 402 | 593 | 701 | 736 | |
| 186 | 536 | 875 | 1,005 | 1,068 | 1,070 | |
| -82 | 249 | 439 | 417 | 427 | 383 | |
| -1.04 | 3.18 | 5.71 | 5.49 | 5.68 | 5.29 | |
| – | – | 31.3% | 32.3% | 34.3% | 33.6% | |
| – | – | 22.2% | 24.1% | 25.6% | 25.2% | |
| -7.8% | 15.6% | 24.3% | 17.0% | 15.6% | 13.1% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 2,982 | 2,982 | 6,207 | 6,956 | 7,276 | 7,485 |
| Cash | 67 | 291 | 130 | 145 | 176 | 201 |
| Total debt | 1,622 | 1,968 | 4,606 | 4,844 | 4,916 | 5,139 |
| Total liabilities | 2,319 | 2,675 | 5,655 | 6,062 | 6,173 | 6,429 |
| 367 | 307 | 552 | 894 | 1,084 | 1,010 | |
| 80 | 78 | 77 | 76 | 75 | 72 | |
| 3.5% | 14.9% | 11.6% | 11.4% | 11.4% | 10.7% | |
| -22.3% | 81.2% | 79.7% | 46.7% | 39.4% | 37.9% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 142 | 460 | 537 | 606 | 773 | 770 | |
| – | – | 457 | 677 | 547 | 460 | |
| – | – | 80 | -71 | 226 | 310 | |
| Dividends paid | 23 | 25 | 26 | 27 | 29 | 31 |
| 28 | 298 | 175 | 56 | 186 | 428 | |
| 24 | 28 | 32 | 33 | 36 | 30 |
Valuation
- 17.8×
- 14.3×
- –
- 6.8×
- 2.3×
- 22.1×
- 11.0×
- 4.5%
- 5.6%
- 0.5%
Profitability
- 33.6%
- 25.2%
- 13.1%
- 35.4%
- 10.9%
- 11.5%
- 36.9%
- 5.2%
- 10.5%
- –
Growth
- +22.7%
- –
- +119.3%
- +7.1%
- −2.3%
Financial health
- 4.6×
- 5.09
- 65.8%
- 2.8×
- 0.60
- 0.54
- 0.39
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 32%of 981
Top 6%of 995
Top 47%of 858
Top 15%of 996
Bottom 47%of 982
What analysts expect
- Average price target
- $144.84
- Range
- $60.75 – $167.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 1.21 | 1.06 | +14.2% |
| Feb 25, 2026 | 0.97 | 0.85 | +14.1% |
| Oct 22, 2025 | 1.09 | 0.97 | +12.4% |
| Jul 23, 2025 | 3.10 | 3.03 | +2.3% |
| Apr 23, 2025 | 1.07 | 1.04 | +2.9% |
| Feb 19, 2025 | 0.92 | 0.98 | −6.1% |
| Oct 23, 2024 | 0.97 | 1.06 | −8.5% |
| Jul 24, 2024 | 2.89 | 2.71 | +6.6% |
0.5%of the share price, paid each year
On $1,000 invested$5a year at today's yield, before tax
+7.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.19 in 2015 → $0.44 in 2025
How safe it looks
8.0% of its profit
Room to growStretchedMore than it earns: 9.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
48No pass
Benjamin Graham
37No pass
Philip Fisher
66Pass
Peter Lynch
62Pass
Joel Greenblatt
40No pass
Charlie Munger
50No pass
Terry Smith
47No pass
Questions about Churchill Downs
Is Churchill Downs a good stock to buy?
A business with weak numbers at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Churchill Downs AI analysis
What does Churchill Downs do?
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It is in Gambling, based in Louisville, KY, United States, with 6,600 employees.
Does Churchill Downs pay a dividend?
Yes. At today's price the dividend is 0.5% a year, about 8% of its yearly profit. In 2025 it paid out $30.8 million in dividends.
Is Churchill Downs stock halal?
No. Churchill Downs does not pass our halal screen: its main business, gambling, is not permitted. How we check
How has Churchill Downs stock done over the past year?
Down 0.1% over the past twelve months, to $99.72. It traded between $73.95 and $117.59 and is 15.2% below its high.
Who are Churchill Downs's competitors?
The largest listed companies in the same industry are Aristocrat Leisure, Evolution, DraftKings and The Lottery. The peers table on this page compares their profit, growth and price with Churchill Downs's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.