OakChart

Churchill Downs Inc

CHDNConsumer Cyclical·Gambling·USA·Mid·NASD·Nov 11 • 3:59 PM ET

100.64-1.32 (-1.29%)
2026-11-12 02:53 CET
Market cap
6,898.70 USD m
Revenue, TTM
3,004.90 USD m
Net income, TTM
450.80 USD m
Free cash flow, TTM
529.70 USD m
EPS diluted, TTM
6.44
P/E
15.63
Compare

Price

CHDN against its 20, 50 and 200-day averages
2050200miss
80.0090.00100.001.9M3.7MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CHDNclose 100.6420-day 90.2750-day 84.53200-day 87.98100.6452w low

15.0% under the 52-week high of 118.35 on 16 Dec 2025. 52-week low 73.09 on 8 Oct 2026. Last 15 sessions, 26.9% high to low

Volume 0.76× normal · the line is the 50-bar volume average

Profile

CHDN
52-week range, 61% of the way up
73.08118.35

Churchill Downs, Inc. is a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing related revenue and expenses at Churchill Downs Racetrack and historical racing properties in Kentucky, Virginia, and New Hampshire. The Wagering Services and Solutions focuses on the revenue and expenses from pari-mutuel wagers through TwinSpires, retail and online sports betting business, United Tote Company, and Exacta Systems, LLC. The Gaming segment is involved in the casino properties and associated racetracks which support the casino license. The company was founded in 1875 and is headquartered in Louisville, KY.

IndexRUI
Employees9000
IPOMar 29, 1993
Beta0.75
ATR, 14d3.38
Rel volume0.76
Short float8.44%
Insider own6.63%
Inst own93.12%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap6.90B
Enterprise Value11.39B
Income450.80M
Sales3.00B
Book/sh19.99
Cash/sh3.78
Dividend Est.0.46 (0.45%)
Dividend TTM0.44 (0.44%)
Dividend Ex-DateDec 04, 2026
Dividend Gr. 3/5Y6.92% 7.26%
Payout8.28%
Employees9000
IPOMar 29, 1993

Ratios

P/E15.63
Forward P/E13.56
PEG1.32
P/S2.30
P/B5.04
P/C26.64
P/FCF13.02
EV/EBITDA11.21
EV/Sales3.79
Quick Ratio0.31
Current Ratio0.32
Debt/Eq3.43
LT Debt/Eq2.95
Option/ShortYes / Yes

Earnings

EPS (ttm)6.44
EPS next Y7.42
EPS next Q1.03
EPS this Y12.29%
EPS next Y7.79%
EPS next 5Y10.24%
EPS past 3/5Y-2.51% -
Sales past 3/5Y17.37% 22.65%
EPS Y/Y TTM16.31%
Sales Y/Y TTM4.18%
EPS Q/Q114.11%
Sales Q/Q1.90%
EarningsOct 28 AMC
EPS/Sales Surpr.8.97% 0.12%

Ownership

Insider Own6.63%
Insider Trans0.00%
Inst Own93.12%
Inst Trans5.39%
ROA6.04%
ROE37.35%
ROIC8.28%
Gross Margin34.13%
Oper. Margin25.76%
Profit Margin15.00%
SMA2011.48%
SMA5019.06%
SMA20014.38%
Trades-

Technical

Shs Outstand69.00M
Shs Float64.01M
Short Float8.44%
Short Ratio4.91
Short Interest5.40M
52W High118.35 -14.96%
52W Low73.08 37.70%
Volatility3.25% 3.54%
ATR (14)3.38
RSI (14)73.23
Beta0.75
Rel Volume0.76
Avg Volume1.10M
Volume835,393

Performance

Perf Week2.69%
Perf Month24.15%
Perf Quarter13.09%
Perf Half Y17.63%
Perf YTD-11.55%
Perf Year1.22%
Perf 3Y-15.39%
Perf 5Y-12.30%
Perf 10Y324.79%
Recom1.23
Target Price128.82
Prev Close101.96
Price100.64
Change %-1.29%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 02, 2026InitiatedWWolfe ResearchOutperform$119+18.2%
Nov 18, 2025InitiatedWWells FargoOverweight$115+14.3%
Jun 23, 2025InitiatedJJP MorganOverweight$116+15.3%
Apr 11, 2025InitiatedBBarclaysOverweight$125+24.2%
Aug 12, 2024UpgradeBBofA SecuritiesNeutral → Buy$145 → $155+54.0%
Apr 15, 2024UpgradeWWells FargoEqual Weight → Overweight$137 → $141+40.1%
Mar 26, 2024InitiatedMMizuhoBuy$142+41.1%
Jan 05, 2024DowngradeWWells FargoOverweight → Equal Weight$135 → $137+36.1%
Oct 12, 2023InitiatedCCapitalOneOverweight$144+43.1%
Oct 03, 2023InitiatedSStifelBuy$148+47.1%

Peers

Mkt cap
TickerCompanyMkt cap
FLUTFlutter Entertainment Plc14.86B
BYDBoyd Gaming Corp5.48B
DKNGDraftKings Inc17.47B
PENNPENN Entertainment Inc2.43B
CZRCaesars Entertainment Inc5.97B
ACELAccel Entertainment Inc1.12B
RRRRed Rock Resorts Inc5.30B
MCRIMonarch Casino & Resort Inc1.97B
BALYBallys Corp627.84M
MGMMGM Resorts International8.47B

Insider trading

5 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Carstanjen William C.Chief Executive OfficerDec 31 '25Option Exercise0.0026,71101,702,226Jan 05 04:32 PM
Dall Marcia AEVP, and CFODec 31 '25Option Exercise0.006,0600148,419Jan 05 04:31 PM
Blackwell Bradley K.EVP, General CounselDec 31 '25Option Exercise0.005,258030,313Jan 05 04:20 PM
Mudd William E.President and COODec 31 '25Option Exercise0.0013,4770741,152Jan 05 04:16 PM
Adams MaureenEVP, Gaming OperationsDec 31 '25Option Exercise0.002,959016,558Jan 05 04:12 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VXFVanguard Extended Market Index ETFAUM: 30.47B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.22B
IJKiShares S&P Mid-Cap 400 Growth ETFAUM: 10.46B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 18.90B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
REGLProShares S&P MidCap 400 Div Aristocrats ETFAUM: 1.78B

News

latest 14 of 200
  • Churchill Downs Matches On EPS As Buybacks And Asset Sales Outrun A Softening Virginia Engine (Earnings Whispers) +11.24%
  • Churchill Downs: Q3 Earnings Snapshot (Associated Press)
  • Churchill Downs Incorporated Reports 2026 Third Quarter Results (GlobeNewswire)
  • Churchill Downs Incorporated Announces New $750 Million Share Repurchase Program (GlobeNewswire)
  • Churchill Downs Incorporated Appoints Michael Tucker to Board of Directors (GlobeNewswire)
  • Churchill Downs Incorporated Receives Local Approvals for New HRM Entertainment Venue in Henry County, Virginia (GlobeNewswire)
  • Thoroughbred Championship Series Expands to Include Oaks Division for Three-Year-Old Fillies (GlobeNewswire)
  • Churchill Downs Heads Into Post-Derby Quarter With Casino Sale Plan And Virginia Pressure In Focus (Earnings Whispers)
  • Repole buys 1.4% Churchill Downs stake, driving stock up 6% in Friday trade (Investing.com)
  • Churchill Downs Incorporated Announces Closing of Amended and Extended Credit Facility and New Term Loan B (GlobeNewswire) -5.08%
  • Churchill Downs Incorporated 2026 Third Quarter Financial Results Conference Call Invitation (GlobeNewswire)
  • Churchill Downs Incorporated Announces Pricing of $500 Million Senior Secured Term Loan B Due 2033 (GlobeNewswire)
  • Churchill Downs Incorporated Announces Launch of $500 Million Senior Secured Term Loan B Due 2033 (GlobeNewswire)
  • Churchill Downs considers Ocean Downs sale after Maryland Preakness deal (Baltimore Sun)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-281.2301.1291.150696695.1611
2026Q22026-07-293.4503.4513.429980977.3810
2026Q12026-04-221.2101.0091.157663661.2210
2025Q42026-02-250.9700.9690.708665.9660.138
2025Q32025-10-221.0900.9700.534683672.177
2025Q22025-07-233.1002.9892.995934.4924.168
2025Q12025-04-231.0701.0361.015642.6642.818
2024Q42025-02-190.9200.9080.945624.2620.078
2024Q32024-10-230.9700.9630.863628.5628.368
2024Q22024-07-242.8902.7102.795890.7858.598
2024Q12024-04-241.1300.8071.076590.9566.757
2023Q42024-02-210.8600.6840.760561.2553.057
2023Q32023-10-250.8700.8390.791572.5568.556
2023Q22023-07-262.2402.4721.860768.5792.76
2023Q12023-04-260.9800.8672.043559.5536.67
2022Q42023-02-220.7300.7500.013480.1473.576

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY1.4251.1391.4641,2251,308
2018FY2.1951.9961.6021,0091,009
2019FY2.2151.8881.6931,3301,312
2020FY0.415-0.049-1.0341,0541,043
2021FY3.4153.2283.1771,5971,591
2022FY4.0254.1575.7071,8101,803
2023FY4.9905.0855.4842,4622,453
2024FY5.9105.7545.6812,7342,730
2025FY6.1305.9295.2902,9262,920
2026FY-6.884--3,012
2027FY-7.420--3,109
2028FY-8.213--3,212

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-021206673.63667682.9
2026Q4S2026-10-301206673.89667682.9
2026Q4S2026-10-291206674.02667682.9
2026Q4S2026-10-281212678.33668.82698.1
2026Q4S2026-10-261212678.33668.82698.1
2026Q4S2026-10-191212678.65668.82698.1
2026Q4S2026-10-161210680.29672698.1
2026Q4S2026-10-141210680.38672698.1
2026Q4S2026-10-131211680.38672698.1
2026Q4S2026-10-111212680.38672698.1
2026Q4S2026-10-091213680.38672698.1
2026Q4S2026-10-051203679.58672698.1
2026Q4S2026-09-301203679.58672698.1
2026Q4S2026-09-181204679.58672698.1

Estimate history

EPS, annual1.4641.6021.693-1.0343.1775.7075.4845.6815.2886.437
Period201720182019202020212022202320242025TTM
EPS, quarterly0.8630.9451.0152.9950.5340.7081.1573.4291.143
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual882.610091329.710541597.21809.82461.72734.32925.93004.9
Period201720182019202020212022202320242025TTM
Sales, quarterly628.5624.2642.6934.4683665.9663980696
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual92.480.879.47976.274.874.573.569.669
Period201720182019202020212022202320242025MRQ
Shares, quarterly73.573.572.870.269.869.6707069
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue3,004.902,925.902,734.302,461.701,809.801,597.201,054.001,329.701,009.00
Cost of Goods Sold Incl. D&A1,979.201,943.301,795.801,666.001,243.401,151.10860.50986.70719.40
Gross Profit1,025.70982.60938.50795.70566.40446.10193.50343.00289.60
Selling, General and Administrative Excl. Other251.50246.20237.70202.30164.20138.50114.80119.2090.50
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income774.20736.40700.80593.40402.20307.6078.70223.80199.10
Interest Expense286.60297.70289.80268.40147.3084.7080.0070.9040.10
Unusual Expense7.7053.90-6.9030.7080.4023.2018.508.1010.30
Net Income Before Taxes635.30532.40573.20561.80608.80343.608.00196.40233.90
Income Taxes178.80146.90144.10144.50169.4094.50-5.3056.8051.30
Consolidated Net Income456.50385.50429.10417.30439.40249.1013.30139.60182.60
Net Income From Continuing Operations450.80379.70423.80417.30439.40249.1013.50139.90182.60
Net Income450.80379.70423.80417.30439.40249.10-81.90137.50133.30
EPS (Recurring)6.525.815.625.776.443.38-0.871.761.69
EPS (Basic, Before Extraordinaries)6.445.325.735.555.803.23-1.031.711.61
EPS (Diluted)6.445.295.685.485.713.18-1.031.691.60
EBITDA1,016.40975.90905.50768.60521.20416.10176.60324.80263.10
Non-Operating Income (Expense)155.40147.60155.30267.50434.30143.9027.8051.6085.20
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense30.8327.0033.3030.6030.2026.3021.8021.7020.40
Price To Earnings Ratio15.6315.6324.3028.6616.9637.97-40.6118.11
Price To Sales Ratio1.762.793.644.174.505.917.324.193.35
Gross Margin34.1333.5834.3232.3231.3027.9318.3625.8028.70
Operating Margin25.7625.1725.6324.1122.2219.267.4716.8319.73
Net Margin15.0012.9815.5016.9524.2815.60-7.7710.3413.21
Shares Outstanding69.0069.6073.5074.5074.8076.2079.0079.4080.80
Market Capitalization6,898.706,898.709,814.7510,065.087,907.489,178.297,694.205,446.843,285.06

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue696.00980.00663.00665.90683.00934.40642.60624.20
Cost of Goods Sold Incl. D&A489.00561.00460.00469.20478.70542.30453.10444.50
Gross Profit207.00419.00203.00196.70204.30392.10189.50179.70
Selling, General and Administrative Excl. Other60.0061.0059.0071.5059.3060.9054.5065.70
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income147.00358.00144.00125.20145.00331.20135.00114.00
Interest Expense69.0070.0072.0075.6075.6074.2072.3072.80
Unusual Expense4.001.001.001.7047.003.500.40-12.80
Net Income Before Taxes111.00328.00113.0083.3061.20292.0095.9091.00
Income Taxes31.0086.0030.0031.8022.0074.4018.7018.70
Consolidated Net Income80.00242.0083.0051.5039.20217.6077.2072.30
Net Income From Continuing Operations80.00240.0081.0049.8037.90216.5075.5070.50
Net Income80.00240.0081.0049.8037.90216.5075.5070.50
EPS (Recurring)1.183.441.170.731.003.031.020.82
EPS (Basic, Before Extraordinaries)1.143.431.160.710.543.021.020.95
EPS (Diluted)1.143.431.160.710.532.991.010.94
EBITDA210.00418.00202.00186.40203.10390.60195.80168.90
Non-Operating Income (Expense)37.0041.0042.0035.4038.8038.5033.6037.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense4.746.323.9515.825.855.692.8410.19
Price To Earnings Ratio15.6316.6217.1120.7316.6817.9819.5624.30
Price To Sales Ratio1.762.102.132.732.392.582.973.64
Gross Margin29.7442.7630.6229.5429.9141.9629.4928.79
Operating Margin21.1236.5321.7218.8021.2335.4521.0118.26
Net Margin11.4924.4912.227.485.5523.1711.7511.29
Shares Outstanding69.0070.0070.0069.6069.8070.2072.8073.50
Market Capitalization6,898.706,247.636,260.837,933.736,802.767,295.448,162.299,814.75

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments288.50252.70221.80204.70355.60121.00142.50173.3082.90
Short Term Receivables110.50113.20119.5095.50108.3085.9051.8045.8085.20
Inventories11.9011.600.000.000.000.000.000.000.00
Other Current Assets32.3034.8059.5044.3037.6028.2026.9022.4088.00
Total Current Assets443.20412.30400.80344.50501.50235.10221.20241.50256.10
Net Property, Plant & Equipment2,918.602,874.902,561.201,978.30994.901,082.10937.30757.50608.00
Total Investments and Advances684.60661.20655.90659.40663.60630.60634.50108.10171.30
Intangible Assets3,415.503,309.203,318.303,115.60714.90717.40736.90602.00487.00
Deferred Tax Assets-135.3094.9054.2032.5060.8024.40--
Other Assets22.6018.3019.30109.00106.7021.2021.1016.10837.00
Total Assets7,484.507,411.207,050.406,261.003,014.102,747.202,575.401,725.202,359.40
Short Term Debt Incl. Current Port. of LT Debt71.5071.8075.9054.9012.708.909.004.004.00
Accounts Payable184.30180.30158.50145.5081.6070.7057.8047.0054.10
Income Tax Payable---2.10-----
Other Current Liabilities477.50477.20521.40419.10300.70344.60234.40205.60395.10
Total Current Liabilities733.30729.30755.80621.60395.00424.20301.20256.60453.20
Long Term Debt5,125.504,901.604,825.104,599.901,993.301,643.301,491.10880.301,125.20
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities519.90568.00483.10395.00285.40274.70237.2078.2040.60
Other Liabilities50.00109.0092.8093.0033.6037.9034.9036.80100.10
Total Liabilities6,428.706,307.906,156.805,709.502,707.302,380.102,064.401,251.901,719.10
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity1,009.701,083.60893.60551.50306.80367.10508.30473.30640.30
Total Shareholders Equity1,009.701,083.60893.60551.50306.80367.10508.30473.30640.30
Accumulated Minority Interest46.1019.700.000.000.000.002.700.000.00
Total Equity1,055.801,103.30893.60551.50306.80367.10511.00473.30640.30
Total Liabilities & Stockholders Equity7,484.507,411.207,050.406,261.003,014.102,747.202,575.401,725.202,359.40
Book Value Per Share14.5114.7411.997.374.034.656.405.866.93
Tangible Book Value Per Share-34.57-30.28-32.55-34.28-5.36-4.43-2.88-1.591.66
Full-Time Employees9,0008,8707,9707,0005,0007,0005,5004,1004,300
Price to Book Ratio5.048.9511.3312.9129.9220.9610.726.945.72
Return on Assets5.105.866.279.478.650.516.518.945.30
Return on Equity36.2842.8757.75102.3973.933.0828.5032.7918.46
Return on Invested Capital6.197.087.308.5310.83-4.076.889.857.95
Quick Ratio0.590.550.530.551.270.550.730.940.57
Current Ratio0.600.570.530.551.270.550.730.940.57

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income456.50385.50429.10417.30439.40249.10-82.30137.20352.80
Depreciation242.20239.50204.70175.20119.00108.5097.90101.0064.00
Other Funds (Non Cash)21.1063.1044.50-41.80-166.90-109.4048.9014.10-264.70
Funds from Operations810.50774.90722.80598.10500.20258.0065.60283.80188.60
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-54.50-5.1049.907.7036.6077.5076.305.809.20
Income Taxes Payable-25.10-3.50-4.50-1.1028.2012.90-34.302.5013.80
Cash from Operating Activities756.00769.80772.70605.80536.80335.50141.90289.60197.80
Capital Expenditures-226.30-274.90-547.00-676.50-423.50-91.80-234.20-163.30-149.40
Net Assets From Acquisitions-31.00-185.300.00-241.30-2,951.800.000.00-206.600.00
Sale of Fixed Assets and Businesses0.000.000.00195.70279.000.000.000.00983.80
Purchase or Sale of Investments0.000.000.000.000.000.000.00-410.100.00
Purchase of Investments0.000.000.000.000.000.000.00-410.100.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-1.80-11.300.000.00-7.40-8.60-5.20-1.20-10.30
Other Sources0.000.001.804.100.000.000.000.000.00
Cash from Investing Activities-259.10-471.50-545.20-718.00-3,103.70-100.40-239.40-781.20824.10
Cash Dividends Paid-31.60-30.80-29.20-27.10-26.00-24.80-23.40-22.20-23.70
Change in Capital Stock-76.00-427.80-186.00-55.90-174.90-297.50-28.40-95.00-545.50
Repurchase of Common Pref Stock-76.00-427.80-186.00-55.90-174.90-297.50-28.40-95.00-547.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.001.50
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.001.50
Issuance or Reduction of Debt, Net-384.30213.8051.20224.102,643.00332.50157.10587.10-301.50
Change in Long Term Debt-391.70216.1062.10222.102,629.70343.00143.70587.10-301.50
Issuance of Long Term Debt1,409.401,097.80962.901,758.102,835.10773.90724.101,227.40134.20
Reduction of Long Term Debt-1,801.10-881.70-900.80-1,536.00-205.40-430.90-580.40-640.30-435.70
Net Financing Active Other Cash Flow-15.00-17.70-32.60-11.80-26.10-10.70-29.30-9.10-62.60
Other Financing Activities Uses-16.60-17.70-32.60-26.20-28.40-12.90-31.40-11.50-62.60
Cash from Financing Activities-506.90-262.50-196.60129.302,416.00-0.5076.00460.80-933.30
Exchange Rate Effect------0.000.00-0.80
Net Change in Cash-10.0035.8030.9017.10-150.90234.60-21.50-30.8087.80
Free Cash Flow529.70494.90225.70-70.70113.30243.70-92.30158.4048.40
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow10.6417.6050.70-93.2443.14-40.90136.95
Deferred Taxes & Investment Tax Credit-86.8044.5047.40108.709.801.1031.5036.50

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments259.00295.00291.00288.50268.50285.60
Short Term Receivables106.00129.00105.00110.5089.70118.40
Inventories11.0011.0011.0011.9012.4012.60
Other Current Assets42.0049.0045.0032.3044.3047.40
Total Current Assets418.00484.00452.00443.20414.90464.00
Net Property, Plant & Equipment2,921.002,911.002,910.002,918.602,925.502,917.40
Total Investments and Advances694.00690.00685.00684.60674.90668.80
Intangible Assets3,410.003,413.003,416.003,415.503,418.003,306.20
Other Assets24.0023.0022.0022.6021.5019.30
Total Assets7,467.007,521.007,485.007,484.507,454.807,375.70
Short Term Debt Incl. Current Port. of LT Debt668.00671.0071.0071.5071.8071.90
Accounts Payable221.00261.00218.00184.30194.00231.00
Income Tax Payable3.0038.00--28.0067.60
Other Current Liabilities430.00389.00547.00477.50431.40401.60
Total Current Liabilities1,322.001,359.00836.00733.30725.20772.10
Long Term Debt4,063.004,110.004,865.005,125.505,043.104,942.20
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities582.00562.00539.00519.90490.80436.20
Other Liabilities97.0099.00101.0050.00116.60161.10
Total Liabilities6,064.006,130.006,341.006,428.706,375.706,311.60
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity1,379.001,341.001,096.001,009.701,034.901,041.60
Total Shareholders Equity1,379.001,341.001,096.001,009.701,034.901,041.60
Accumulated Minority Interest24.0050.0048.0046.1044.2022.50
Total Equity1,403.001,391.001,144.001,055.801,079.101,064.10
Total Liabilities & Stockholders Equity7,467.007,521.007,485.007,484.507,454.807,375.70
Book Value Per Share19.9919.1615.6614.5114.8314.84
Tangible Book Value Per Share-29.43-29.60-33.14-34.57-34.14-32.26
Full-Time Employees---9,000--
Price to Book Ratio5.045.736.197.676.546.86
Return on Assets6.045.495.195.105.475.87
Return on Equity37.3534.3135.5436.2837.5641.20
Return on Invested Capital1.474.401.360.810.623.62
Quick Ratio0.310.350.530.590.560.58
Current Ratio0.320.360.540.600.570.60

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income80.00242.0083.0051.5039.20217.60
Depreciation63.0060.0058.0061.2058.1059.40
Other Funds (Non Cash)5.006.007.003.1050.405.60
Funds from Operations168.00331.00167.00144.50202.30286.10
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-20.00-114.00128.00-48.50-14.60-46.50
Income Taxes Payable-35.0044.0011.00-45.10-39.6062.20
Cash from Operating Activities148.00217.00295.0096.00187.70239.60
Capital Expenditures-59.00-58.00-59.00-50.30-59.80-84.70
Net Assets From Acquisitions-31.000.000.000.00-185.300.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.00-2.000.20-10.20-1.30
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-90.00-58.00-61.00-50.10-255.30-86.00
Cash Dividends Paid0.000.00-31.00-0.600.00-0.10
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-44.000.000.00-32.00-54.90-254.50
Repurchase of Common Pref Stock-44.000.000.00-32.00-54.90-254.50
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-54.00-154.00-198.0021.70102.30117.20
Change in Long Term Debt-54.00-156.00-204.0022.3099.00126.80
Issuance of Long Term Debt613.00401.00245.00150.40305.90422.10
Reduction of Long Term Debt-667.00-557.00-449.00-128.10-206.90-295.30
Net Financing Active Other Cash Flow4.00-1.00-3.00-15.003.10-1.80
Other Financing Activities Uses1.00-1.00-3.00-13.601.70-1.80
Cash from Financing Activities-94.00-155.00-232.00-25.9050.50-139.20
Net Change in Cash-36.004.002.0020.00-17.1014.40
Free Cash Flow89.00159.00236.0045.70127.90154.90
Price to Free Cash Flow10.6411.6811.8017.2316.3721.69

Revenue breakdown

Gaming2024: 885.90M 2025: 917.70M
Pari-Mutuel, Historical Racing2024: 891.90M 2025: 1.02B
Pari-Mutuel, Live And Simulcast Racing2024: 469.90M 2025: 491.50M
Product and Service, Other2024: 292.00M 2025: 314.60M
Racing Event-Related Services2024: 194.60M 2025: 185.00M
United States2024: 2.73B 2025: 2.93B
Consolidation, Policy2024: 100.00K 2025: 100.00K
Gaming2024: 1.04B 2025: 1.04B
Live And Historical Racing2024: 1.23B 2025: 1.39B
Wagering Services And Solutions2024: 469.50M 2025: 488.20M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-308.44%5.4M64.0M1.10M
2026-10-158.44%5.5M65.1M1.09M
2026-09-307.58%4.9M65.1M1.03M
2026-09-156.78%4.4M65.1M1.02M
2026-08-316.38%4.2M65.1M992.52K
2026-08-145.56%3.6M65.1M987.44K
2026-07-315.64%3.7M65.1M999.32K
2026-07-156.00%3.9M65.1M1.02M
2026-06-305.71%3.7M65.1M1.01M
2026-06-156.36%4.1M65.0M936.85K
2026-05-296.63%4.3M65.1M1.01M
2026-05-156.27%4.1M65.1M1.06M
2026-04-305.34%3.5M65.5M1.03M
2026-04-154.18%2.7M65.6M952.03K
2026-03-313.84%2.5M65.5M952.37K
2026-03-133.69%2.4M65.5M889.11K
2026-02-273.93%2.6M65.5M806.46K
2026-02-133.69%2.4M65.5M732.18K
2026-01-303.11%2.0M65.6M698.93K
2026-01-153.35%2.2M65.6M749.81K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call45.0053.6057.900.004.2040.000.000.968-0.2060.011
call50.0048.7052.900.003.7350.000.000.964-0.2020.012
call55.0043.7047.800.003.2680.000.000.959-0.1980.014
call60.0038.7042.600.002.8010.000.000.954-0.1940.015
call65.0033.7037.600.002.4550.000.000.947-0.1880.017
call70.0028.7032.9023.402.2361.000.000.939-0.1820.019
call75.0023.8027.907.401.9209.000.000.929-0.1740.021
call80.0018.7022.905.001.61815.000.000.916-0.1650.024
call85.0014.8017.7015.951.2751701.000.897-0.1530.028
call90.009.9012.4011.051.0122011.000.867-0.1370.034
call95.004.307.706.900.69913.000.000.705-0.2480.054
call1000.554.603.010.68019.000.000.548-0.2470.062
call1050.001.300.850.46489.003.000.324-0.1740.056
call1100.001.950.140.6883.002.000.223-0.1860.047
call1150.001.400.000.8800.000.000.184-0.2090.042
call1200.002.150.000.9380.000.000.130-0.1770.033
call1250.001.550.001.2060.000.000.145-0.2450.036
put45.000.002.150.002.7540.000.00-0.019-0.1120.007
put50.000.002.150.002.8140.000.00-0.036-0.1940.012
put55.000.002.150.002.1500.000.00-0.024-0.1090.009
put60.000.002.150.002.1330.000.00-0.042-0.1690.014
put65.000.001.150.251.9168,5970.00-0.053-0.1820.017
put70.000.002.150.051.6477,5270.00-0.061-0.1750.019
put75.000.000.750.301.3455390.00-0.065-0.1500.020
put80.000.001.150.431.1513500.00-0.084-0.1570.024
put85.000.001.150.150.91642.000.00-0.103-0.1450.028
put90.000.000.750.150.68373.002.00-0.133-0.1290.034
put95.000.002.601.090.8152770.00-0.295-0.2390.054
put1000.254.003.600.7001500.00-0.452-0.2370.062
put1053.007.0014.100.7141.000.00-0.676-0.1630.056
put1107.4011.400.000.8570.000.00-0.776-0.1750.047
put11513.3016.400.001.0660.000.00-0.816-0.1980.042
put12017.4021.4028.901.2520.000.00-0.839-0.2170.038
put12522.4026.400.001.4210.000.00-0.855-0.2320.036

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-05SCHEDULE 13GSEC
2026-10-288-KCurrent report2026-10-27SEC
2026-10-288-KCurrent report2026-10-27SEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-288-KCurrent report2026-09-25SEC
2026-07-31SCHEDULE 13GSEC
2026-07-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-298-KCurrent report2026-07-29SEC
2026-07-298-KCurrent report2026-07-29SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-06-30SEC
2026-04-234Statement of changes in beneficial ownership of securities2026-04-21SEC
2026-04-234Statement of changes in beneficial ownership of securities2026-04-21SEC
2026-04-234Statement of changes in beneficial ownership of securities2026-04-21SEC
2026-04-234Statement of changes in beneficial ownership of securities2026-04-21SEC
2026-04-234Statement of changes in beneficial ownership of securities2026-04-21SEC
2026-04-234Statement of changes in beneficial ownership of securities2026-04-21SEC
2026-04-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-04-228-KCurrent report2026-04-22SEC
2026-04-218-KCurrent report2026-04-21SEC
2026-04-064Statement of changes in beneficial ownership of securities2026-03-31SEC
2026-03-26SCHEDULE 13G/ASEC
2026-03-204Statement of changes in beneficial ownership of securities2026-03-19SEC
2026-03-12ARSAnnual report to security holders. 2025-12-31SEC
2026-03-12DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-03-12DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-04-21SEC
2026-02-2510-KAnnual report pursuant to Section 13 or 15(d)2025-12-31SEC
2026-02-258-KCurrent report2026-02-25SEC
2026-02-094Statement of changes in beneficial ownership of securities2026-02-05SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.90%
FMR LLC6.35%
VANGUARD PORTFOLIO MANAGEMENT LLC4.60%
VANGUARD CAPITAL MANAGEMENT LLC4.29%
LONDON CO OF VIRGINIA3.54%
Boston Partners3.35%
STATE STREET CORP2.94%
CITADEL ADVISORS LLC2.46%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP2.07%
GEODE CAPITAL MANAGEMENT, LLC1.92%

Funds

Fund% owned
Lord Abbett Short Duration Income Fund100.00%
BlackRock High Yield Portfolio50.71%
Allspring Short-Term High Income Fund42.38%
NYLIM MacKay High Yield Corporate Bond Fund35.87%
American Beacon SiM High Yield Opportunities Fund34.35%
PIMCO High Yield Fund27.20%
iShares iBoxx $ High Yield Corporate Bond ETF23.69%
Fidelity Capital and Income Fund21.48%
T. Rowe Price High Yield Fund, Inc.20.74%
Shenkman Capital Short Duration High Income Fund19.88%

OakChart. CHDN. Cached 15 minutes.