Stocktoria
Churchill Downs Inc CHDN
Churchill Downs Inc (CHDN) earns a Piotroski F-score of 6/9 (mixed financial health), with an Altman Z″ in the distress zone. It pays a dividend yielding 0.50% (safety: safe). FY2025 revenue was $2.9B at a 13.1% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-05-19 | Macquarie | Outperform (main) |
| 2026-04-24 | Macquarie | Outperform (main) |
| 2026-04-24 | Mizuho | Outperform (main) |
| 2026-04-24 | Citizens | Market Outperform (main) |
| 2026-04-16 | Wells Fargo | Overweight (main) |
| 2026-02-27 | Wells Fargo | Overweight (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 6/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.039 |
| Retained earnings / assets | 0.135 |
| EBIT / assets | 0.091 |
| Equity / liabilities | 0.157 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| CHDN | Churchill Downs Inc | 6/9 | 0.97 | 16.2 | +7% |
| CPHC | Canterbury Park Holding Corp | 3/9 | 5.65 | — | -3.2% |
| GOOG | Alphabet Inc. | 5/9 | 6.79 | 31.1 | +15.1% |
| MSFT | MICROSOFT CORP | 6/9 | 4.49 | 20.7 | +17.8% |
| META | Meta Platforms, Inc. | 4/9 | 5.34 | 23.1 | +22.2% |
| BABA | Alibaba Group Holding Ltd | 3/9 | — | — | +8.1% |
| DIS | Walt Disney Co | 7/9 | 2.72 | 13.8 | +3.4% |
About Churchill Downs Inc
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.
FAQ
Is CHDN financially healthy?
Churchill Downs Inc's Piotroski F-score is 6/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does CHDN pay a dividend, and is it safe?
Yes. Churchill Downs Inc pays a dividend yielding about 0.50% with a 8.0% payout ratio, rated “safe” for safety.
How profitable is CHDN?
In FY2025, Churchill Downs Inc had a net margin of 13.1% and a return on equity of 37.9%.
Is CHDN overvalued or undervalued?
Churchill Downs Inc trades at about 16.1× trailing earnings — below its 10-year norm (10-year range 10.8×–42.7×, median 29.6×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for CHDN?
The average Wall-Street price target for Churchill Downs Inc is $137.25, about 55.0% above the recent price, from 12 analysts (consensus: strong buy).
Is CHDN a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Churchill Downs Inc: a Piotroski F-score of 6/9, an Altman Z″ in the distress zone, a P/E of about 16.2×, a dividend yield of 0.50%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.