Last 48 quarters of trend data · Consumer Cyclical · Casinos & Resorts
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.17 | 16.45 | 6.55 | 19.36 | 40.06 | 45.76 | 8.42 | 27.22 | 35.14 | 39.31 | 12.51 | 28.65 | 44.38 | 36.72 | 18.71 | 15.75 | 2017.56 | 31.11 | 5.44 | 51.34 | 53.77 |
| — | -64.0% | -22.1% | -28.9% | +14.0% | +16.4% | -32.7% | -5.0% | -20.8% | +7.0% | -33.1% | +81.9% | -97.8% | +18.0% | +243.8% | -69.3% | +3652.0% | -18.1% | -69.7% | -16.9% | -51.4% | |
| P/S Ratio | 2.27 | 1.90 | 1.60 | 2.37 | 3.07 | 2.52 | 1.95 | 3.21 | 3.99 | 4.01 | 2.92 | 3.91 | 4.56 | 3.91 | 3.48 | 4.38 | 4.19 | 4.61 | 3.17 | 5.91 | 6.44 |
| — | -24.5% | -18.1% | -26.2% | -23.1% | -37.2% | -33.2% | -17.8% | -12.4% | +2.7% | -16.0% | -10.6% | +8.6% | -15.3% | +9.7% | -25.9% | -34.8% | -22.9% | -16.1% | -14.9% | -8.5% | |
| P/B Ratio | 6.62 | 3.78 | 4.51 | 5.50 | 7.74 | 6.38 | 6.86 | 7.56 | 9.03 | 9.05 | 9.95 | 11.18 | 11.45 | 10.07 | 12.53 | 13.91 | 14.61 | 11.54 | 12.26 | 27.08 | 30.62 |
| — | -40.8% | -34.3% | -27.3% | -14.3% | -29.4% | -31.0% | -32.4% | -21.1% | -10.1% | -20.6% | -19.6% | -21.6% | -12.8% | +2.2% | -48.6% | -52.3% | -58.4% | -50.0% | -39.2% | +43.6% | |
| P/FCF | 12.89 | 14.88 | 9.87 | 6.66 | 44.69 | — | 11.78 | 12.37 | 2075.43 | 57.57 | 32.14 | 23.18 | — | — | 281.64 | 30.15 | — | — | 13.79 | 26.99 | 81.55 |
| — | — | -16.2% | -46.2% | -97.8% | — | -63.4% | -46.6% | — | — | -88.6% | -23.1% | — | — | +1941.8% | +11.7% | — | — | +50.7% | — | — | |
| EV / EBITDA | 11.63 | 12.09 | 6.51 | 13.64 | 17.54 | 18.91 | 7.83 | 16.74 | 20.23 | 20.87 | 9.94 | 20.08 | 24.11 | 21.74 | 13.91 | 21.94 | 25.27 | 27.65 | 11.28 | 30.70 | 39.04 |
| — | -36.1% | -16.8% | -18.5% | -13.3% | -9.4% | -21.3% | -16.6% | -16.1% | -4.0% | -28.5% | -8.5% | -4.6% | -21.4% | +23.3% | -28.5% | -35.3% | -2.9% | -16.1% | -17.3% | -33.9% | |
| EV / EBIT | 15.94 | 13.70 | 6.82 | 14.90 | 20.58 | 21.60 | 8.28 | 19.29 | 32.24 | 23.19 | 10.29 | 20.36 | 26.19 | 22.61 | 14.13 | 12.83 | 60.72 | 23.13 | 4.97 | 32.16 | 36.76 |
| — | -36.6% | -17.7% | -22.8% | -36.2% | -6.8% | -19.5% | -5.3% | +23.1% | +2.6% | -27.2% | +58.6% | -56.9% | -2.3% | +184.2% | -60.1% | +65.2% | -8.5% | -63.7% | -14.8% | -64.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.6% | 29.7% | 51.9% | 30.6% | 29.5% | 29.9% | 42.0% | 29.5% | 28.8% | 29.5% | 43.6% | 31.3% | 28.7% | 28.6% | 38.9% | 30.7% | 27.3% | 26.8% | 41.1% | 25.6% | 22.9% |
| — | -0.6% | +23.8% | +3.8% | +2.6% | +1.3% | -3.7% | -5.9% | +0.3% | +3.1% | +12.1% | +2.0% | +4.9% | +7.0% | -5.4% | +20.1% | +19.6% | -0.4% | +17.6% | +7.8% | +21.8% | |
| Operating Margin | 25.2% | 20.5% | 36.4% | 21.7% | 18.8% | 14.3% | 35.1% | 20.9% | 20.3% | 20.0% | 37.0% | 21.4% | 18.9% | 19.6% | 29.4% | 21.4% | 16.6% | 16.8% | 34.5% | 15.7% | 12.2% |
| — | +43.2% | +3.9% | +3.7% | -7.4% | -28.4% | -5.3% | -2.0% | +7.3% | +2.1% | +26.2% | -0.3% | +13.9% | +17.1% | -14.9% | +36.2% | +36.0% | -5.4% | +21.2% | +9.3% | +49.8% | |
| Net Margin | 13.0% | 11.5% | 24.6% | 12.2% | 7.5% | 5.5% | 23.2% | 11.9% | 11.5% | 10.2% | 23.5% | 13.6% | 10.3% | 10.7% | 18.6% | 27.8% | 0.2% | 14.9% | 58.2% | 11.6% | 11.9% |
| — | +107.1% | +5.9% | +2.4% | -34.9% | -45.8% | -1.2% | -12.3% | +11.9% | -3.8% | +26.3% | -51.1% | +4827.4% | -28.4% | -68.1% | +140.7% | -98.2% | -4.8% | +177.0% | +3.9% | +93.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.2% | 5.7% | 19.0% | 7.4% | 4.7% | 3.5% | 20.1% | 7.0% | 6.5% | 6.0% | 22.3% | 9.3% | 6.5% | 7.0% | 18.4% | 24.8% | 0.2% | 9.4% | 73.7% | 13.5% | 13.4% |
| — | +61.9% | -5.4% | +5.4% | -27.8% | -40.6% | -10.0% | -25.3% | +0.0% | -14.9% | +21.7% | -62.3% | +3662.3% | -25.3% | -75.1% | +84.0% | -98.7% | -49.9% | +76.8% | +6.3% | +190.0% | |
| ROA | 5.1% | 1.1% | 3.2% | 1.1% | 0.7% | 0.5% | 2.9% | 1.0% | 1.0% | 0.9% | 2.9% | 1.1% | 0.8% | 0.9% | 2.2% | 2.5% | 0.0% | 1.2% | 8.9% | 1.4% | 1.5% |
| — | +108.9% | +9.0% | +3.2% | -32.8% | -43.1% | +0.2% | -8.5% | +18.1% | -1.9% | +32.1% | -54.0% | +4467.9% | -25.4% | -74.9% | +78.3% | -98.7% | -40.6% | +135.6% | +6.1% | +153.0% | |
| ROIC | 9.4% | 1.8% | 4.5% | 1.8% | 1.6% | 1.2% | 4.2% | 1.7% | 1.6% | 1.6% | 4.4% | 1.7% | 1.4% | 1.6% | 3.4% | 1.8% | 1.4% | 1.3% | 5.5% | 2.2% | 1.7% |
| — | +45.5% | +7.5% | +5.2% | -4.1% | -24.4% | -3.5% | +2.4% | +13.6% | +2.6% | +29.3% | -6.1% | +4.7% | +18.0% | -39.2% | -16.7% | -18.3% | -49.1% | -0.0% | +21.9% | +89.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.92 | 3.37 | 3.44 | 4.31 | 4.92 | 4.74 | 4.71 | 4.47 | 4.46 | 4.34 | 4.64 | 5.96 | 5.42 | 5.31 | 5.41 | 6.28 | 8.35 | 5.19 | 5.24 | 6.19 | 6.41 |
| — | -28.9% | -27.1% | -3.5% | +10.5% | +9.3% | +1.5% | -25.0% | -17.8% | -18.4% | -14.2% | -5.1% | -35.1% | +2.4% | +3.2% | +1.5% | +30.2% | -10.7% | -15.5% | -36.5% | +45.2% | |
| Debt / EBITDA | 5.33 | 23.19 | 11.47 | 24.44 | 27.88 | 32.72 | 12.94 | 25.21 | 27.06 | 27.32 | 12.77 | 28.22 | 31.29 | 30.33 | 17.19 | 27.64 | 37.14 | 34.69 | 13.93 | 23.50 | 27.76 |
| — | -29.1% | -11.4% | -3.1% | +3.1% | +19.8% | +1.3% | -10.7% | -13.5% | -9.9% | -25.7% | +2.1% | -15.8% | -12.6% | +23.4% | +17.6% | +33.8% | +71.1% | +23.8% | -13.1% | -32.1% | |
| Current Ratio | 0.60 | 0.32 | 0.36 | 0.54 | 0.60 | 0.57 | 0.60 | 0.53 | 0.57 | 0.55 | 0.57 | 0.50 | 0.53 | 0.55 | 0.90 | 0.54 | 0.55 | 3.67 | 3.79 | 1.20 | 1.27 |
| — | -44.7% | -40.7% | +1.1% | +6.9% | +4.9% | +5.2% | +7.6% | +6.6% | -1.4% | -36.5% | -8.6% | -4.3% | -84.9% | -76.3% | -54.8% | -56.3% | +145.2% | +163.2% | +5.9% | +129.1% | |
| Quick Ratio | 0.60 | 0.31 | 0.35 | 0.53 | 0.60 | 0.57 | 0.58 | 0.52 | 0.55 | 0.55 | 0.57 | 0.50 | 0.51 | 0.55 | 0.90 | 0.54 | 0.55 | 3.67 | 3.79 | 1.20 | 1.27 |
| — | -46.2% | -40.5% | +1.3% | +10.0% | +4.9% | +2.3% | +4.8% | +8.3% | -1.4% | -36.5% | -8.6% | -8.4% | -84.9% | -76.3% | -54.8% | -56.3% | +145.2% | +163.2% | +5.9% | +129.1% | |
| Interest Coverage | 2.79 | 2.61 | 5.69 | 2.57 | 2.10 | 1.81 | 4.94 | 2.33 | 1.57 | 2.18 | 5.00 | 2.45 | 2.02 | 2.20 | 4.06 | 4.23 | 0.94 | 3.03 | 14.67 | 3.75 | 3.49 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying CHDN stock.
Churchill Downs Incorporated's current P/E is 15.2x. The average P/E over the last 4 quarters is 20.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Churchill Downs Incorporated's current operating margin is 25.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Churchill Downs Incorporated's business trajectory between earnings reports.