Gambling, Resorts & Casinos
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CHDN vs CZR
Revenue, margins, valuation, and 5-year total return — side by side.
Gambling, Resorts & Casinos
CHDN vs CZR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Gambling, Resorts & Casinos | Gambling, Resorts & Casinos |
| Market Cap | $6.19B | $5.66B |
| Revenue (TTM) | $2.95B | $11.56B |
| Net Income (TTM) | $388M | $-485M |
| Gross Margin | 33.8% | 43.9% |
| Operating Margin | 23.6% | 17.8% |
| Forward P/E | 12.8x | — |
| Total Debt | $5.20B | $26.34B |
| Cash & Equiv. | $289M | $887M |
CHDN vs CZR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Churchill Downs Inc… (CHDN) | 100 | 134.0 | +34.0% |
| Caesars Entertainme… (CZR) | 100 | 243.9 | +143.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CHDN vs CZR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CHDN carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 6 yrs, beta 0.70, yield 0.5%
- Rev growth 7.0%, EPS growth -6.3%, 3Y rev CAGR 17.4%
- 317.2% 10Y total return vs CZR's 302.6%
CZR is the clearest fit if your priority is value and momentum.
- Better valuation composite
- +2.5% vs CHDN's -3.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.0% revenue growth vs CZR's 2.1% | |
| Value | Better valuation composite | |
| Quality / Margins | 13.2% margin vs CZR's -4.2% | |
| Stability / Safety | Beta 0.70 vs CZR's 1.27, lower leverage | |
| Dividends | 0.5% yield; 6-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +2.5% vs CHDN's -3.5% | |
| Efficiency (ROA) | 5.2% ROA vs CZR's -1.5%, ROIC 9.4% vs 5.4% |
CHDN vs CZR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CHDN vs CZR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CHDN leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CZR is the larger business by revenue, generating $11.6B annually — 3.9x CHDN's $2.9B. CHDN is the more profitable business, keeping 13.2% of every revenue dollar as net income compared to CZR's -4.2%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.9B | $11.6B |
| EBITDAEarnings before interest/tax | $932M | $3.5B |
| Net IncomeAfter-tax profit | $388M | -$485M |
| Free Cash FlowCash after capex | $734M | $538M |
| Gross MarginGross profit ÷ Revenue | +33.8% | +43.9% |
| Operating MarginEBIT ÷ Revenue | +23.6% | +17.8% |
| Net MarginNet income ÷ Revenue | +13.2% | -4.2% |
| FCF MarginFCF ÷ Revenue | +24.9% | +4.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +3.2% | +2.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +13.7% | +11.1% |
Valuation Metrics
CZR leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, CZR's 8.9x EV/EBITDA is more attractive than CHDN's 11.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $6.2B | $5.7B |
| Enterprise ValueMkt cap + debt − cash | $11.1B | $31.1B |
| Trailing P/EPrice ÷ TTM EPS | 16.70x | -11.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.75x | — |
| PEG RatioP/E ÷ EPS growth rate | 0.17x | — |
| EV / EBITDAEnterprise value multiple | 11.38x | 8.90x |
| Price / SalesMarket cap ÷ Revenue | 2.12x | 0.49x |
| Price / BookPrice ÷ Book value/share | 6.01x | 1.57x |
| Price / FCFMarket cap ÷ FCF | 12.51x | 10.88x |
Profitability & Efficiency
CHDN leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
CHDN delivers a 35.7% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $-13 for CZR. CHDN carries lower financial leverage with a 4.92x debt-to-equity ratio, signaling a more conservative balance sheet compared to CZR's 7.15x. On the Piotroski fundamental quality scale (0–9), CHDN scores 6/9 vs CZR's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +35.7% | -12.6% |
| ROA (TTM)Return on assets | +5.2% | -1.5% |
| ROICReturn on invested capital | +9.4% | +5.4% |
| ROCEReturn on capital employed | +11.1% | +7.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 4.92x | 7.15x |
| Net DebtTotal debt minus cash | $4.9B | $25.5B |
| Cash & Equiv.Liquid assets | $289M | $887M |
| Total DebtShort + long-term debt | $5.2B | $26.3B |
| Interest CoverageEBIT ÷ Interest expense | 5.25x | 0.90x |
Total Returns (Dividends Reinvested)
CHDN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CHDN five years ago would be worth $9,021 today (with dividends reinvested), compared to $2,627 for CZR. Over the past 12 months, CZR leads with a +2.5% total return vs CHDN's -3.5%. The 3-year compound annual growth rate (CAGR) favors CHDN at -14.9% vs CZR's -15.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -20.6% | +17.9% |
| 1-Year ReturnPast 12 months | -3.5% | +2.5% |
| 3-Year ReturnCumulative with dividends | -38.3% | -38.6% |
| 5-Year ReturnCumulative with dividends | -9.8% | -73.7% |
| 10-Year ReturnCumulative with dividends | +317.2% | +302.6% |
| CAGR (3Y)Annualised 3-year return | -14.9% | -15.0% |
Risk & Volatility
Evenly matched — CHDN and CZR each lead in 1 of 2 comparable metrics.
Risk & Volatility
CHDN is the less volatile stock with a 0.70 beta — it tends to amplify market swings less than CZR's 1.27 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CZR currently trades 88.0% from its 52-week high vs CHDN's 75.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.70x | 1.27x |
| 52-Week HighHighest price in past year | $118.46 | $31.58 |
| 52-Week LowLowest price in past year | $80.24 | $17.95 |
| % of 52W HighCurrent price vs 52-week peak | +75.0% | +88.0% |
| RSI (14)Momentum oscillator 0–100 | 47.3 | 54.5 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 4.6M |
Analyst Outlook
CHDN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates CHDN as "Buy" and CZR as "Buy". Consensus price targets imply 63.0% upside for CHDN (target: $145) vs 10.0% for CZR (target: $31). CHDN is the only dividend payer here at 0.49% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $144.84 | $30.57 |
| # AnalystsCovering analysts | 23 | 30 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — |
| Dividend StreakConsecutive years of raises | 6 | 0 |
| Dividend / ShareAnnual DPS | $0.43 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +6.9% | +4.0% |
CHDN leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CZR leads in 1 (Valuation Metrics). 1 tied.
CHDN vs CZR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CHDN or CZR a better buy right now?
For growth investors, Churchill Downs Incorporated (CHDN) is the stronger pick with 7.
0% revenue growth year-over-year, versus 2. 1% for Caesars Entertainment, Inc. (CZR). Churchill Downs Incorporated (CHDN) offers the better valuation at 16. 7x trailing P/E (12. 8x forward), making it the more compelling value choice. Analysts rate Churchill Downs Incorporated (CHDN) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CHDN or CZR?
Over the past 5 years, Churchill Downs Incorporated (CHDN) delivered a total return of -9.
8%, compared to -73. 7% for Caesars Entertainment, Inc. (CZR). Over 10 years, the gap is even starker: CHDN returned +317. 2% versus CZR's +302. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CHDN or CZR?
By beta (market sensitivity over 5 years), Churchill Downs Incorporated (CHDN) is the lower-risk stock at 0.
70β versus Caesars Entertainment, Inc. 's 1. 27β — meaning CZR is approximately 81% more volatile than CHDN relative to the S&P 500. On balance sheet safety, Churchill Downs Incorporated (CHDN) carries a lower debt/equity ratio of 5% versus 7% for Caesars Entertainment, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — CHDN or CZR?
By revenue growth (latest reported year), Churchill Downs Incorporated (CHDN) is pulling ahead at 7.
0% versus 2. 1% for Caesars Entertainment, Inc. (CZR). On earnings-per-share growth, the picture is similar: Churchill Downs Incorporated grew EPS -6. 3% year-over-year, compared to -87. 6% for Caesars Entertainment, Inc.. Over a 3-year CAGR, CHDN leads at 17. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — CHDN or CZR?
Churchill Downs Incorporated (CHDN) is the more profitable company, earning 13.
0% net margin versus -4. 4% for Caesars Entertainment, Inc. — meaning it keeps 13. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CHDN leads at 25. 2% versus 18. 1% for CZR. At the gross margin level — before operating expenses — CZR leads at 37. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is CHDN or CZR more undervalued right now?
Analyst consensus price targets imply the most upside for CHDN: 63.
0% to $144. 84.
07Which pays a better dividend — CHDN or CZR?
In this comparison, CHDN (0.
5% yield) pays a dividend. CZR does not pay a meaningful dividend and should not be held primarily for income.
08Is CHDN or CZR better for a retirement portfolio?
For long-horizon retirement investors, Churchill Downs Incorporated (CHDN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
70), +317. 2% 10Y return). Both have compounded well over 10 years (CHDN: +317. 2%, CZR: +302. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CHDN and CZR?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CHDN is a small-cap deep-value stock; CZR is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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