Is CHDN a good stock to buy right now?

Based on our 6-factor quantitative model, Churchill Downs Inc (CHDN) receives a "Hold" rating with a composite score of 46.8/100. It is ranked #1,867 out of 4,446 stocks. Key factor scores: Quality 50/100, Value 74/100, Momentum 30/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for CHDN?

Churchill Downs Inc (CHDN) has a "Hold" rating and 3-star score. The composite score of 46.8 ranks it #1,867 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is CHDN in?

Churchill Downs Inc operates in the Communication Services sector (Entertainment industry) with a market cap of $6.21 billion. It is classified as a mid-cap stock.

Does CHDN pay a dividend?

CHDN does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is CHDN's P/E ratio?

CHDN has a trailing P/E ratio of 15.41x. The Communication Services sector average is 26.1x. This P/E is in a moderate range relative to the broader market.

How profitable is CHDN?

CHDN's quality factor score is 50/100. Gross margin: 30.0%. ROE: 39.6% vs sector average 1.0%. Margins are moderate to low, reflecting competitive market dynamics.

How is CHDN valued compared to peers?

CHDN's value factor score is 74/100 (higher = cheaper). Key multiples: P/E 15.4x, EV/EBITDA 6.8x. The stock appears attractively valued versus peers.

What is CHDN's debt level?

CHDN's debt-to-equity ratio is 637%. Sector average: 82%. Elevated leverage increases credit risk.

CHDN has a beta of 0.66, meaning it is less volatile than the market. Stability score: 68/100.

Does CHDN have high short interest?

CHDN's short interest factor score is 28/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

CHDN Stock Analysis: Top Mid-Cap Hold (Score 46.8/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
CHDN	-1.12%	-1.79%	+4.62%	-23.11%	-14.58%	-	-	-
Industry Proxy XLC	-0.28%	+2.01%	-2.92%	-3.20%	+25.91%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-1.05%	-5.39%	+4.28%	-22.75%	-44.10%	-	-	-
Alpha vs Sector	-0.84%	-3.80%	+7.54%	-19.91%	-40.49%	-	-	-

Metric	CHDN	Benchmark
P/E Ratio	15.4x	-41%
EV/EBITDA	6.8x	+36%
Price / Book	6.1x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
TIGO MILLICOM INTERNATIONAL CELLULAR SA	62	41	67	81	-	143.3%	42.5%	4.6%	-	884.0x	$12.9B	VS
VZ VERIZON COMMUNICATIONS INC	54	50	77	54	10.8x	17.6%	60.5%	13.7%	3.1%	282.0x	$208.3B	VS
DLX DELUXE CORP	54	50	76	69	16.4x	11.6%	53.3%	3.7%	0.4%	321.0x	$1.3B	VS
NYT NEW YORK TIMES CO	53	50	52	68	49.3x	13.6%	50.2%	10.4%	12.1%	47.0x	$13.8B	VS
BCE BCE INC	52	37	71	51	186.8x	8.8%	43.4%	1.5%	-9.3%	237.0x	$23.7B	VS
T AT&T INC.	52	50	68	46	9.9x	15.3%	62.0%	15.8%	3.1%	107.0x	$197.7B	VS
MSGE Madison Square Garden Entertainment Corp.	51	50	59	67	48.3x	166.0%	40.3%	-1.0%	101.4%	1,540.0x	$2.7B	VS
ADEA Adeia Inc.	50	50	61	67	51.2x	11.8%	100.0%	16.4%	-0.0%	87.0x	$2.8B	VS
CDRO Codere Online Luxembourg, S.A.	50	46	53	61	-	65.0%	90.7%	1.9%	12.7%	0.0x	$389M	VS
TGNA TEGNA INC	50	50	67	46	10.4x	9.8%	38.3%	10.6%	-8.4%	80.0x	$3.2B	VS
CHDN Churchill Downs Inc	47	50	74	30	15.4x	39.6%	30.0%	12.9%	-23.3%	637.0x	$6.2B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.3%	-	-	-	-	-	0.2%	0.3%	0.3%	1.0%	1.0%
Operating Margin %	0.2%	0.2%	0.3%	0.2%	0.2%	0.2%	0.1%	0.2%	0.2%	0.2%	0.2%
EBITDA Margin %	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%	0.2%	0.2%	0.3%	0.3%	0.4%
Net Margin %	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	-0.1%	0.1%	0.3%	0.2%	0.1%
FCF Margin %	-3.9%	-	-	-	-	-	-8.8%	11.9%	4.8%	11.1%	21.5%
ROE %	0.4%	0.4%	0.4%	0.5%	0.8%	0.8%	-0.2%	0.3%	0.7%	0.2%	0.2%
ROA %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	-0.0%	0.1%	0.2%	1.0%	0.0%
ROIC %	9.1%	53.5%	51.7%	49.9%	4.9%	9.9%	3.4%	9.0%	17.8%	6.4%	10.9%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.3%

0.2%

0.3%

1.0%

Operating Margin %

0.2%

0.3%

0.2%

0.1%

0.2%

EBITDA Margin %

0.3%

0.2%

0.3%

0.4%

Net Margin %

0.1%

0.2%

-0.1%

0.1%

0.3%

0.2%

0.1%

FCF Margin %

-3.9%

-8.8%

11.9%

4.8%

11.1%

21.5%

ROE %

0.4%

0.5%

0.8%

-0.2%

0.3%

0.7%

0.2%

ROA %

0.1%

-0.0%

0.1%

0.2%

1.0%

0.0%

ROIC %

9.1%

53.5%

51.7%

49.9%

4.9%

9.9%

3.4%

9.0%

17.8%

6.4%

10.9%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$2.9B	$2.9B	$2.7B	$2.5B	$1.8B	$1.6B	$1.1B	$1.3B	$1.0B	$883M	$822M	$1.2B
	—	—	—	—	—	—	$194M	$343M	$1.0B	$883M	$581M	$971M
Gross Margin	30.0%	---	---	---	---	---	18.4%	25.8%	28.7%	100.0%	100.0%	69.8%
	—	$246M	$238M	$202M	$164M	$139M	—	—	—	—	—	—
Research & Development	—	—	—	—	—	—	—	—	—	—	—	$39M
Depreciation	—	$233M	$199M	$169M	$114M	$103M	$98M	$101M	$64M	$115M	$126M	$119M
Total Operating Expenses	—	$2.2B	$2.0B	$1.9B	$1.5B	$1.3B	—	—	—	—	—	—
	$686M	$684M	$709M	$564M	$322M	$284M	$60M	$216M	$189M	$146M	$173M	$124M
EBIT	$686M	$684M	$709M	$564M	$322M	$284M	$60M	$216M	$189M	$146M	$173M	$124M
EBITDA	$909M	$917M	$908M	$733M	$436M	$388M	$158M	$298M	$308M	$262M	$300M	$252M
Operating Margin	22.6%	23.4%	25.9%	22.9%	17.8%	17.8%	5.7%	16.2%	18.7%	16.5%	21.0%	15.8%
EBITDA Margin	31.5%	31.3%	33.2%	29.8%	24.1%	24.3%	15.0%	22.4%	30.5%	29.6%	36.4%	20.8%
	—	—	—	$268M	$147M	$85M	$80M	$71M	$40M	$70M	$44M	$29M
	—	$532M	$573M	$562M	$609M	$344M	—	—	—	—	—	—
Income Tax Expense	—	$147M	$144M	$145M	$169M	$95M	-$5M	$57M	$51M	-$20M	$51M	$47M
	$400M	$386M	$429M	$417M	$439M	$249M	-$82M	$137M	$353M	$141M	$108M	$65M
Net Margin	12.9%	13.2%	15.7%	17.0%	24.3%	15.6%	-7.8%	10.3%	35.0%	15.9%	13.1%	8.2%
	-	-	-	$5.55	$11.58	$6.45	$-2.07	$3.43	$8.54	$2.97	$6.52	$3.75
Diluted EPS	-	-	-	$5.49	$11.42	$6.35	$-2.07	$3.43	$8.54	$2.97	$6.52	$3.75
Weighted Avg Basic	—	71M	74M	75M	38M	39M	—	—	—	—	—	—
Weighted Avg Diluted	—	72M	75M	76M	39M	39M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$2.9B

$2.7B

$2.5B

$1.8B

$1.6B

$1.1B

$1.3B

$1.0B

$883M

$822M

$1.2B

—

$194M

$343M

$1.0B

$883M

$581M

$971M

Gross Margin

30.0%

---

18.4%

25.8%

28.7%

100.0%

69.8%

—

$246M

$238M

$202M

$164M

$139M

—

Research & Development

—

$39M

Depreciation

—

$233M

$199M

$169M

$114M

$103M

$98M

$101M

$64M

$115M

$126M

$119M

Total Operating Expenses

—

$2.2B

$2.0B

$1.9B

$1.5B

$1.3B

—

$686M

$684M

$709M

$564M

$322M

$284M

$60M

$216M

$189M

$146M

$173M

$124M

EBIT

$686M

$684M

$709M

$564M

$322M

$284M

$60M

$216M

$189M

$146M

$173M

$124M

EBITDA

$909M

$917M

$908M

$733M

$436M

$388M

$158M

$298M

$308M

$262M

$300M

$252M

Operating Margin

22.6%

23.4%

25.9%

22.9%

17.8%

5.7%

16.2%

18.7%

16.5%

21.0%

15.8%

EBITDA Margin

31.5%

31.3%

33.2%

29.8%

24.1%

24.3%

15.0%

22.4%

30.5%

29.6%

36.4%

20.8%

—

$268M

$147M

$85M

$80M

$71M

$40M

$70M

$44M

$29M

—

$532M

$573M

$562M

$609M

$344M

—

Income Tax Expense

—

$147M

$144M

$145M

$169M

$95M

-$5M

$57M

$51M

-$20M

$51M

$47M

$400M

$386M

$429M

$417M

$439M

$249M

-$82M

$137M

$353M

$141M

$108M

$65M

Net Margin

12.9%

13.2%

15.7%

17.0%

24.3%

15.6%

-7.8%

10.3%

35.0%

15.9%

13.1%

8.2%

$5.55

$11.58

$6.45

$-2.07

$3.43

$8.54

$2.97

$6.52

$3.75

Diluted EPS

$5.49

$11.42

$6.35

$-2.07

$3.43

$8.54

$2.97

$6.52

$3.75

Weighted Avg Basic

—

71M

74M

75M

38M

39M

—

Weighted Avg Diluted

—

72M

75M

76M

39M

—

Churchill Downs Inc (CHDN) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does Churchill Downs Inc Do?

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky. Churchill Downs Inc (CHDN) is classified as a mid-cap stock in the Communication Services sector, specifically within the Entertainment industry. The company is led by CEO William C. Carstanjen and employs approximately 7,000 people, headquartered in LOUISVILLE, Kentucky. With a market capitalization of $6.2B, CHDN is one of the notable companies in the Communication Services sector.

Churchill Downs Inc (CHDN) Stock Rating — Hold (April 2026)

As of April 2026, Churchill Downs Inc receives a Hold rating with a composite score of 46.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.CHDN ranks #1,867 out of 4,446 stocks in our coverage universe. Within the Communication Services sector, Churchill Downs Inc ranks #55 of 134 stocks, placing it in the upper half of its Communication Services peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

CHDN Stock Price and 52-Week Range

Churchill Downs Inc (CHDN) currently trades at $87.48. The stock lost $0.99 (1.1%) in the most recent trading session. The 52-week high for CHDN is $118.45, which means the stock is currently trading -26.1% from its annual peak. The 52-week low is $82.67, putting the stock 5.8% above its annual trough. Recent trading volume was 396K shares, suggesting relatively thin trading activity.

Is CHDN Overvalued or Undervalued? — Valuation Analysis

Churchill Downs Inc (CHDN) carries a value factor score of 74/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 15.41x, compared to the Communication Services sector average of 26.08x — a discount of 41%. The price-to-book ratio stands at 6.11x, versus the sector average of 1.87x. The price-to-sales ratio is 2.14x, compared to 0.55x for the average Communication Services stock. On an enterprise value basis, CHDN trades at 6.78x EV/EBITDA, versus 4.98x for the sector.

Based on these multiples, Churchill Downs Inc appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.

Churchill Downs Inc Profitability — ROE, Margins, and Quality Score

Churchill Downs Inc (CHDN) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 39.6%, compared to the Communication Services sector average of 1.0%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 5.3% versus the sector average of -0.0%.

On a margin basis, Churchill Downs Inc reports gross margins of 30.0%, compared to 56.4% for the sector. The operating margin is 22.6% (sector: 0.4%). Net profit margin stands at 12.9%, versus -0.9% for the average Communication Services stock. Revenue growth is running at -23.3% on a trailing basis, compared to 3.0% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

CHDN Debt, Balance Sheet, and Financial Health

Churchill Downs Inc has a debt-to-equity ratio of 637.0%, compared to the Communication Services sector average of 82.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.60x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $5.11B. Cash and equivalents stand at $181M.

CHDN has a beta of 0.66, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Churchill Downs Inc is 68/100, reflecting average volatility within the normal range for its sector.

Churchill Downs Inc Revenue and Earnings History — Quarterly Trend

In TTM 2026, Churchill Downs Inc reported revenue of $2.89B. Net income for the quarter was $400M. Gross margin was 30.0%. Operating income came in at $686M.

In FY 2025, Churchill Downs Inc reported revenue of $2.93B. Net income for the quarter was $386M. Revenue grew 7.0% year-over-year compared to FY 2024. Operating income came in at $684M.

In Q3 2025, Churchill Downs Inc reported revenue of $683M. Net income for the quarter was $39M. Revenue grew 8.7% year-over-year compared to Q3 2024. Operating income came in at $98M.

In Q2 2025, Churchill Downs Inc reported revenue of $934M. Net income for the quarter was $218M. Revenue grew 4.9% year-over-year compared to Q2 2024. Operating income came in at $328M.

Over the past 8 quarters, Churchill Downs Inc has demonstrated a growth trajectory, with revenue expanding from $891M to $2.89B. Investors analyzing CHDN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

CHDN Dividend Yield and Income Analysis

Churchill Downs Inc (CHDN) does not currently pay a dividend. This is common among smaller companies in the Entertainment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Communication Services dividend stocks may want to explore other Communication Services stocks or use the stock screener to filter by dividend yield.

CHDN Momentum and Technical Analysis Profile

Churchill Downs Inc (CHDN) has a momentum factor score of 30/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 38/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 28/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

CHDN vs Competitors — Communication Services Sector Ranking and Peer Comparison

Within the Communication Services sector, Churchill Downs Inc (CHDN) ranks #55 out of 134 stocks based on the Blank Capital composite score. This places CHDN in the upper half of all Communication Services stocks in our coverage universe. Key competitors and sector peers include MILLICOM INTERNATIONAL CELLULAR SA (TIGO) with a score of 61.6/100, TEGNA INC (TGNA) with a score of 49.6/100, VERIZON COMMUNICATIONS INC (VZ) with a score of 54.2/100, DELUXE CORP (DLX) with a score of 53.8/100, and NEW YORK TIMES CO (NYT) with a score of 53.2/100.

Comparing CHDN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CHDN vs S&P 500 (SPY) comparison to assess how Churchill Downs Inc stacks up against the broader market across all factor dimensions.

CHDN Next Earnings Date

No upcoming earnings date has been announced for Churchill Downs Inc (CHDN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy CHDN? — Investment Thesis Summary

Churchill Downs Inc presents a balanced picture with arguments on both sides. The value score of 74/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 30/100, a headwind for near-term performance. Low volatility (stability score 68/100) reduces downside risk.

In summary, Churchill Downs Inc (CHDN) earns a Hold rating with a composite score of 46.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CHDN stock.

Related Resources for CHDN Investors

Explore more research and tools: CHDN vs S&P 500 comparison, top Communication Services stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CHDN head-to-head with peers: CHDN vs TIGO, CHDN vs TGNA, CHDN vs VZ.

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Churchill Downs Inc (CHDN) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does Churchill Downs Inc Do?

Churchill Downs Inc (CHDN) Stock Rating — Hold (April 2026)

CHDN Stock Price and 52-Week Range

Is CHDN Overvalued or Undervalued? — Valuation Analysis

Churchill Downs Inc Profitability — ROE, Margins, and Quality Score

CHDN Debt, Balance Sheet, and Financial Health

Churchill Downs Inc Revenue and Earnings History — Quarterly Trend

CHDN Dividend Yield and Income Analysis

CHDN Momentum and Technical Analysis Profile

CHDN vs Competitors — Communication Services Sector Ranking and Peer Comparison

CHDN Next Earnings Date

Should You Buy CHDN? — Investment Thesis Summary

Related Resources for CHDN Investors

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