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Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
1928
8.9K+
LTM Revenue $2.8B
LTM EBITDA $1.2B
$11.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Churchill Downs has a last 12-month revenue (LTM) of $2.8B and a last 12-month EBITDA of $1.2B.
In the most recent fiscal year, Churchill Downs achieved revenue of $2.7B and an EBITDA of $1.1B.
Churchill Downs expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Churchill Downs valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | XXX | $2.7B | XXX | XXX | XXX |
| Gross Profit | $2.8B | XXX | $939M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $1.2B | XXX | $1.1B | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 39% | XXX | XXX | XXX |
| EBIT | $748M | XXX | $701M | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $435M | XXX | $427M | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $4.7B | XXX | XXX | XXX |
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As of May 30, 2025, Churchill Downs's stock price is $95.
Churchill Downs has current market cap of $6.9B, and EV of $11.6B.
See Churchill Downs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11.6B | $6.9B | XXX | XXX | XXX | XXX | $5.98 |
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Start Free TrialAs of May 30, 2025, Churchill Downs has market cap of $6.9B and EV of $11.6B.
Churchill Downs's trades at 4.2x EV/Revenue multiple, and 10.9x EV/EBITDA.
Equity research analysts estimate Churchill Downs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Churchill Downs has a P/E ratio of 15.8x.
See valuation multiples for Churchill Downs and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6.9B | XXX | $6.9B | XXX | XXX | XXX |
| EV (current) | $11.6B | XXX | $11.6B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.9x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBIT | 15.5x | XXX | 16.6x | XXX | XXX | XXX |
| EV/Gross Profit | 4.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 15.8x | XXX | 16.2x | XXX | XXX | XXX |
| EV/FCF | 23.2x | XXX | 51.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialChurchill Downs's last 12 month revenue growth is 6%
Churchill Downs's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $27K for the same period.
Churchill Downs's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Churchill Downs's rule of X is 56% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Churchill Downs and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | 46% | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 56% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $27K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Churchill Downs acquired XXX companies to date.
Last acquisition by Churchill Downs was XXXXXXXX, XXXXX XXXXX XXXXXX . Churchill Downs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Churchill Downs founded? | Churchill Downs was founded in 1928. |
| Where is Churchill Downs headquartered? | Churchill Downs is headquartered in United States of America. |
| How many employees does Churchill Downs have? | As of today, Churchill Downs has 8.9K+ employees. |
| Who is the CEO of Churchill Downs? | Churchill Downs's CEO is Mr. William C. Carstanjen. |
| Is Churchill Downs publicy listed? | Yes, Churchill Downs is a public company listed on NAS. |
| What is the stock symbol of Churchill Downs? | Churchill Downs trades under CHDN ticker. |
| When did Churchill Downs go public? | Churchill Downs went public in 1993. |
| Who are competitors of Churchill Downs? | Similar companies to Churchill Downs include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of Churchill Downs? | Churchill Downs's current market cap is $6.9B |
| What is the current revenue of Churchill Downs? | Churchill Downs's last 12 months revenue is $2.8B. |
| What is the current revenue growth of Churchill Downs? | Churchill Downs revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Churchill Downs? | Current revenue multiple of Churchill Downs is 4.1x. |
| Is Churchill Downs profitable? | Yes, Churchill Downs is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Churchill Downs? | Churchill Downs's last 12 months EBITDA is $1.2B. |
| What is Churchill Downs's EBITDA margin? | Churchill Downs's last 12 months EBITDA margin is 42%. |
| What is the current EV/EBITDA multiple of Churchill Downs? | Current EBITDA multiple of Churchill Downs is 9.9x. |
| What is the current FCF of Churchill Downs? | Churchill Downs's last 12 months FCF is $501M. |
| What is Churchill Downs's FCF margin? | Churchill Downs's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Churchill Downs? | Current FCF multiple of Churchill Downs is 23.2x. |
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