AAPI vs CHDN vs BYD Stock Comparison

Apple iSports, Churchill Downs and Boyd Gaming Prices as of Oct 23, 2026 Peers: Industry group
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CHDN Churchill Downs Inc
$84.04 +5.4% 1M -16.8% 1Y
Market cap
$5.70B
P/E
13.8x
Revenue (TTM)
$2.99B
Div. yield
–
Casinos Consumer Discretionary
3 wins
BYD Boyd Gaming Corp
$72.46 +1.7% 1M -8.0% 1Y
Market cap
$5.38B
P/E
2.8x
Revenue (TTM)
$4.08B
Div. yield
–
Casinos Consumer Discretionary
5 wins

Head to Head

8 decided of 12

Boyd Gaming leads on 5 of the 12 questions below (Boyd Gaming 5, Churchill Downs 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAAPICHDNBYDLeader
Larger companyMarket capitalisation $39.51M $5.70B $5.38B CHDN
Cheaper on earningsLower P/E, profitable companies only -10.9x 13.8x 2.8x BYD
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 12.0x 10.8x BYD
Faster revenue growthRevenue growth, trailing twelve months — +5.7% +0.3% CHDN
More profitableNet margin, trailing twelve months — 13.8% — –
Better return on capitalReturn on invested capital — 8.4% — –
Less leveragedLower net debt / EBITDA — 4.8x — –
Higher dividend yieldTrailing dividend yield — 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -74.7% -16.8% -8.0% BYD
Better 5-year returnAnnualised price return, 5 years -33.9%/yr -7.7%/yr +1.5%/yr BYD
Less volatileAnnualised volatility, 1 year 294.7% 34.2% 26.3% BYD
Higher overall scoreMean of the five percentile scores vs peers 34/100 51/100 48/100 CHDN

Percentile Scorecard

AAPICHDNBYD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAAPICHDNBYD
Valuation 5 #42 of 44 61 #18 of 44 77 #11 of 44
Growth 60 #18 of 43 69 #14 of 43 41 #26 of 43
Profitability – 83 #8 of 41 –
Financial Health 0 #47 of 47 20 #38 of 47 –
Shareholder Returns 72 #8 of 28 22 #22 of 28 26 #21 of 28
Overall 34 51 48
  • AAPI ranked among 48 companies in Gaming and Leisure
  • CHDN ranked among 48 companies in Gaming and Leisure
  • BYD ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAAPICHDNBYDSPY
1 month +46.2%+5.4%+1.7% -0.8%
3 months +90.0%-4.7%-18.9% +3.5%
6 months +11.8%-16.3%-17.2% +7.0%
Year to date -50.0%-26.1%-15.0% +12.2%
1 year -74.7%-16.8%-8.0% +13.0%
3 years -93.7%-22.5%+32.8% +86.3%
3 years, per year -60.3%-8.2%+9.9% +23.1%
5 years -87.3%-32.9%+7.8% +68.6%
5 years, per year -33.9%-7.7%+1.5% +11.0%
10 years -95.3%+261.5%+291.5% +258.0%
10 years, per year -26.3%+13.7%+14.6% +13.6%

Risk

MeasureAAPICHDNBYDSPY
Volatility, 1Y 294.7%34.2%26.3% 12.7%
Downside volatility, 1Y 538.9%34.4%26.4% 12.7%
Beta vs S&P 500, 1Y 0.270.500.57 1.00
Return / volatility, 1Y -0.25-0.49-0.30 1.02
Max drawdown, 5Y -99.3%-50.4%-35.1% -25.4%
From 52-week high -74.7%-28.5%-20.5% -1.8%
52-week high $0.75$117.59$91.15 $779.14
52-week low $0.06$73.95$66.10 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAAPICHDNBYD
P/E now vs peer median -10.9xmedian 17.1x 14.2xmedian 17.1x 2.8xmedian 17.1x
P/S now vs peer median —median 1.9x 2.0xmedian 1.9x 1.3xmedian 1.9x
EV/EBITDA now vs peer median —median 10.9x 11.0xmedian 10.9x —median 10.9x
P/FCF now vs peer median -29.0xmedian 11.4x 10.3xmedian 11.4x -8.7xmedian 11.4x
P/B now vs peer median -9.0xmedian 2.5x 4.4xmedian 2.5x —median 2.5x
PEG now vs peer median —median 0.57 1.70median 0.57 —median 0.57

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAAPICHDNBYD
Revenue – $2.99B $4.08B
Gross profit – $1.02B –
Operating income -$3.83M $721.50M $725.98M
Net income -$3.60M $415.70M $496.64M
Free cash flow -$1.36M $567.90M –
EPS (diluted) $-0.02 $5.91 –
Cash & equivalents $860.00 $196.00M –
Total debt $12.79M $4.77B –
Shares (diluted) 219.78M 70.00M 74.82M
Enterprise value $39.38M $4.92B $5.38B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAAPICHDNBYD
P/E -10.9x 14.2x 2.8x
P/FCF -29.0x 10.3x -8.7x
P/Operating cash flow -29.0x 7.4x –
P/S – 2.0x 1.3x
P/B -9.0x 4.4x –
P/Tangible book -9.0x -5.0x –
EV/EBITDA – 11.0x –
EV/EBIT -11.0x 14.5x –
EV/Revenue – 3.5x 1.3x
EV/FCF -31.0x 18.4x –
EV/Operating cash flow -31.0x 13.1x –
PEG (3Y EPS CAGR) – 1.70 –

Growth

14 metrics
MetricAAPICHDNBYD
Revenue growth (1Y) – 5.7% 0.3%
Revenue CAGR (3Y) – 10.9% 3.3%
Gross profit growth (1Y) – 8.0% –
Gross profit CAGR (3Y) – 13.2% –
Operating income growth (1Y) 34.0% 1.0% -13.9%
Operating income CAGR (3Y) -16.7% 19.7% -10.0%
Net income growth (1Y) 46.7% -4.1% -73.5%
Net income CAGR (3Y) -92.9% 5.2% -10.8%
EPS growth (1Y) 32.0% -1.0% –
EPS CAGR (3Y) – 8.4% –
Operating cash flow growth (1Y) 31.2% 1.0% –
Operating cash flow CAGR (3Y) 3.4% 14.3% –
Free cash flow growth (1Y) 31.2% 54.7% –
Free cash flow CAGR (3Y) 3.4% 160.6% –

Profitability

14 metrics
MetricAAPICHDNBYD
Gross margin – 34.2% –
EBITDA margin – 31.8% –
Operating margin – 24.1% –
Pretax margin – 19.6% –
Net margin – 13.8% –
FCF margin – 19.0% –
Operating cash flow margin – 26.6% –
Return on equity – 34.1% –
Return on assets -148.2% 5.5% –
Return on invested capital – 8.4% –
Return on capital employed – 11.7% –
Asset turnover – 0.4x –
Cash conversion (OCF / net income) 0.4x 1.9x –
Stock comp / revenue – 1.1% –

Financial Health

11 metrics
MetricAAPICHDNBYD
Debt / assets 110.3% 63.5% –
Debt / equity -0.6x 3.6x –
Net debt / EBITDA – 4.8x –
Debt / FCF -1.9x 8.4x –
Liabilities / assets 283.4% 82.2% –
Equity / assets -183.4% 17.8% –
Interest coverage -63.8x 2.5x –
Current ratio 0.1x 0.4x –
Quick ratio 0.0x 0.2x –
Cash ratio 0.0x 0.1x –
Altman Z-score – 1.39 –

Shareholder Returns

7 metrics
MetricAAPICHDNBYD
Dividend yield – 0.5% 1.1%
Net buyback yield 5.8% 1.5% –
Shareholder yield 5.8% 2.0% 1.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAAPICHDNBYD
Forward P/E – 12.0xFY2026 10.8xFY2026
EPS, next fiscal year – $7.03FY2026 $6.71FY2026
EPS growth, next FY – +14.7%FY2026 -9.3%FY2026
EPS growth, the year after – -3.0% +8.3%
Revenue, next fiscal year – $3.17BFY2026 $4.35BFY2026
Revenue growth, next FY – +8.2%FY2026 +6.3%FY2026
Revenue growth, the year after – +1.4% -7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAAPICHDNBYD
Held by institutions – 85.5% 72.8%
Institutions holding – 462 423
Change in shares held, QoQ – +7.5% +5.4%
Institutions buying – 239 186
Institutions selling – 146 175
Buyers to sellers – 1.64 1.06

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AAPICHDNBYD
AAPI 1.00 0.05 0.03
CHDN 0.05 1.00 0.36
BYD 0.03 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AAPI, CHDN and BYD?

Churchill Downs (CHDN) is the largest by market capitalisation: Apple iSports (AAPI) $39.51M, Churchill Downs (CHDN) $5.70B, Boyd Gaming (BYD) $5.38B.

Which stock is cheaper, AAPI, CHDN and BYD?

Boyd Gaming (BYD) trades on the lowest price-to-earnings ratio (Apple iSports (AAPI) -10.9x, Churchill Downs (CHDN) 13.8x, Boyd Gaming (BYD) 2.8x). On next year's consensus earnings, Boyd Gaming (BYD) is cheapest (Churchill Downs (CHDN) 12.0x, Boyd Gaming (BYD) 10.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Churchill Downs (CHDN) grew revenue fastest over the trailing twelve months: Churchill Downs (CHDN) +5.7%, Boyd Gaming (BYD) +0.3%.

Which stock has performed better?

Over the past year Boyd Gaming (BYD) returned the most: Apple iSports (AAPI) -74.7%, Churchill Downs (CHDN) -16.8%, Boyd Gaming (BYD) -8.0%. Over five years, Boyd Gaming (BYD) compounded fastest (Apple iSports (AAPI) -33.9%/yr, Churchill Downs (CHDN) -7.7%/yr, Boyd Gaming (BYD) +1.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Boyd Gaming (BYD) has been the steadiest (Apple iSports (AAPI) 294.7%, Churchill Downs (CHDN) 34.2%, Boyd Gaming (BYD) 26.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AAPI, CHDN and BYD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Boyd Gaming (BYD) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.