Stock Fundamentals

Company Information

Company Name
Churchill Downs Incorporated
Sector
Consumer Cyclical
Industry
Gambling
Exchange
NASDAQ
ISIN: US1714841087
CIK: 0000020212
CUSIP: 171484108
Currency: USD
Full Time Employees: 6,600
Phone: 502 636 4400
Fiscal Year End: December
IPO Date: Mar 29, 1993
Description:

Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

Address:

600 North Hurstbourne Parkway, Louisville, KY, United States, 40222

Directors & Officers

Name Title Year Born
Mr. William C. Carstanjen CEO & Director 1968
Mr. William E. Mudd President & COO 1971
Ms. Marcia Ann Dall CPA Executive VP & CFO 1964
Mr. Bradley K. Blackwell J.D. Executive VP, General Counsel & Secretary 1972
Mr. Jon E. Rauch VP & Chief Accounting Officer NA
Mr. Nate Simon Senior VP & CTO NA
Sam Ullrich Vice President of Investor Relations NA
Mr. Jason Sauer Senior Vice President of Corporate Development NA
Ms. M. Katherine Armstrong Senior VP of Human Resources NA
Mr. Michael W. Anderson Senior VP & President of Churchill Downs Racetrack 1971

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Jul 03, 2025 James Comer N/A Sale N/A $105.76 N/A
May 07, 2025 Douglas C Grissom N/A Purchase 10.00K $92.77 $927.70K
May 05, 2025 R Alex Rankin N/A Purchase 2.00K $92.65 $185.30K

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 6.45M Mar 31, 2026 9.26% $0.01 4.03%
Vanguard Group Inc 6.04M Dec 31, 2025 8.66% $0.01 -5.08%
London Company of Virginia 2.59M Mar 31, 2026 3.72% $1.44 -1.03%
State Street Corp 2.00M Mar 31, 2026 2.87% $0.01 2.34%
FMR Inc 1.71M Mar 31, 2026 2.45% $0.01 -0.62%
Geode Capital Management, LLC 1.41M Mar 31, 2026 2.02% $0.01 6.21%
Arrowstreet Capital Limited Partnership 1.38M Mar 31, 2026 1.98% $0.07 -0.53%
Citadel Advisors Llc 1.27M Mar 31, 2026 1.82% $0.02 34.94%
Boston Partners Global Investors, Inc 1.14M Mar 31, 2026 1.63% $0.11 -7.96%
Jennison Associates LLC 1.13M Mar 31, 2026 1.63% $0.07 -8.01%
William Blair Investment Management, LLC 1.09M Mar 31, 2026 1.57% $0.32 -4.54%
Capital Research & Mgmt Co - Division 3 981.81K Mar 31, 2026 1.41% $0.02 -68.32%
Hudson Way Capital Management LLC 870.36K Mar 31, 2026 1.25% $7.47 -16.14%
Schroder Investment Management Group 838.49K Mar 31, 2026 1.20% $0.06 20.63%
AQR Capital Management LLC 819.84K Mar 31, 2026 1.18% $0.03 168.12%
NORGES BANK 795.65K Dec 31, 2025 1.14% $0.01 82.91%
ClearBridge Advisors, LLC 744.04K Mar 31, 2026 1.07% $0.06 21.88%
Ameriprise Financial Inc 722.26K Mar 31, 2026 1.04% $0.02 -10.77%
ArrowMark Colorado Holdings, LLC (ArrowMark Partners) 715.84K Mar 31, 2026 1.03% $1.71 9.65%
Charles Schwab Investment Management Inc 669.32K Mar 31, 2026 0.96% $0.01 7.04%

Shares Statistics

Shares Outstanding: 69.70M
Shares Float: 65.78M
% Insiders: 598.40%
% Institutions: 8,362.00%
Short % Float: 6.22%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Mid-Cap ETF 2.24M 3.21% ▼ 0.05% Apr 30, 2026
2 Vanguard Total Stock Mkt Idx Inv 1.89M 2.71% ▲ 0.25% Apr 30, 2026
3 Touchstone Mid Cap Y 1.84M 2.63% ▼ 10.01% Mar 31, 2026
4 Vanguard Small Cap Index 1.37M 1.96% ▼ 0.21% Apr 30, 2026
5 Vanguard Small Cap Growth Index Inv 765.51K 1.10% ▼ 0.09% Apr 30, 2026
6 Vanguard Institutional Extnd Mkt Idx Tr 747.54K 1.07% ▲ 1.04% Apr 30, 2026
7 Vanguard Explorer Inv 679.36K 0.97% ▲ 14.40% Mar 31, 2026
8 American Funds SMALLCAP World A 588.07K 0.84% ▼ 47.64% Mar 31, 2026
9 JHancock Disciplined Value Mid Cap I 576.03K 0.83% ▼ 36.03% Mar 31, 2026
10 Columbia Acorn Inst 539.02K 0.77% ▲ 0.00% Mar 31, 2026

Valuation Metrics

Enterprise Value: $10.84B
Trailing P/E: 15.84
Forward P/E: 25.32

Financial Highlights

Market Cap: $5.99B
EBITDA: $962.70M
P/E Ratio: $15.84
PEG Ratio: $1.57
Book Value: $15.73
Dividend/Share: $0.44
Dividend Yield: 0.50%
Earnings/Share: $5.43
Profit Margin: 13.21%
Operating Margin: 21.72%
ROA (TTM): 6.28%
ROE (TTM): 35.00%
Revenue (TTM): $2.95B
Revenue/Share (TTM): $41.85
Earnings Growth (YOY): 13.40%
Revenue Growth (YOY): 3.10%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 0.60x 5.09x 0.86x 2.47x 4.80x
2024-12-31 0.57x 4.54x 0.85x 2.45x 4.60x
2023-12-31 0.53x 5.42x 0.87x 2.10x 4.82x
2022-12-31 0.55x 4.58x 0.91x 2.18x 2.88x
2021-12-31 1.27x 4.24x 0.90x 3.36x 2.42x
2020-12-31 0.55x 2.97x 0.86x 0.75x 5.87x
2019-12-31 0.73x 2.14x 0.80x 3.04x 2.96x
2018-12-31 0.94x 1.05x 0.73x 4.71x 1.47x
2017-12-31 0.57x 0.78x 0.73x 2.96x 2.20x
2016-12-31 0.53x 0.89x 0.70x 4.44x 2.28x
2015-12-31 0.35x 0.99x 0.73x 4.32x 2.32x
2014-12-31 0.72x 1.10x 0.70x 4.35x 4.65x
2013-12-31 0.75x 0.53x 0.48x 14.46x 2.41x
2012-12-31 0.36x 0.33x 0.42x 21.35x 1.42x
2011-12-31 0.83x 0.23x 0.38x 9.08x 0.84x
2010-12-31 0.90x 0.56x 0.50x 5.11x 3.55x
2009-12-31 0.57x 0.28x 0.44x 20.96x 1.71x
2008-12-31 0.77x 0.26x 0.38x 24.01x 1.25x
2007-12-31 0.85x 0.34x 0.41x 57.60x 2.21x
2006-12-31 1.01x 0.15x 0.36x 26.53x 0.77x
2005-12-31 0.70x 0.25x 0.39x 13.25x 1.59x
2004-12-31 0.83x 1.18x 0.63x N/A 5.28x
2003-12-31 0.60x 0.50x 0.50x 7.12x 2.86x
2002-12-31 0.71x 0.52x 0.50x 5.16x 1.90x
2001-12-31 0.63x 0.61x 0.54x 3.92x 1.90x
2000-12-31 0.64x 0.78x 0.57x 3.14x 2.47x
1999-12-31 1.01x 0.00x 0.65x N/A 0.01x
1998-12-31 0.71x 0.00x 0.43x N/A 0.00x
1997-12-31 0.68x 0.00x 0.38x N/A 0.01x
1996-12-31 0.57x 0.00x 0.41x N/A 0.01x
1995-12-31 0.45x 0.00x 0.40x N/A 0.01x
1994-12-31 0.35x 0.02x 0.40x N/A 0.06x
1993-12-31 0.95x 0.00x 0.35x N/A 0.01x

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