CDRO vs DDI vs CHDN Stock Comparison

Codere Online Luxembourg, DoubleDown Interactive and Churchill Downs Prices as of Oct 28, 2026 Peers: Industry group
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CHDN Churchill Downs Inc
$81.95 +8.2% 1M -17.7% 1Y
Market cap
$5.62B
P/E
12.6x
Revenue (TTM)
$3.00B
Div. yield
0.53%
Casinos Consumer Discretionary
1 win

Head to Head

11 decided of 12

DoubleDown Interactive leads on 9 of the 12 questions below (DoubleDown Interactive 9, Churchill Downs 1, Codere Online Luxembourg 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDRODDICHDNLeader
Larger companyMarket capitalisation $409.51M $676.90M $5.62B CHDN
Cheaper on earningsLower P/E, profitable companies only — 5.4x 12.6x DDI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.4x 5.4x 11.7x DDI
Faster revenue growthRevenue growth, trailing twelve months — +14.0% +4.2% DDI
More profitableNet margin, trailing twelve months — 32.9% 15.1% DDI
Better return on capitalReturn on invested capital — 10.0% 9.0% DDI
Less leveragedLower net debt / EBITDA — -3.6x 4.5x DDI
Higher dividend yieldTrailing dividend yield — 0.00% 0.53% –
Better 1-year returnPrice return, last 12 months +48.6% +49.8% -17.7% DDI
Better 5-year returnAnnualised price return, 5 years -1.9%/yr -3.4%/yr -6.6%/yr CDRO
Less volatileAnnualised volatility, 1 year 32.3% 32.0% 34.1% DDI
Higher overall scoreMean of the five percentile scores vs peers — 87/100 51/100 DDI

Percentile Scorecard

CDRODDICHDN

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

AxisCDRODDICHDN
Valuation – 96 #8 of 166 67 #15 of 44
Growth – 68 #50 of 152 67 #15 of 43
Profitability – 91 #15 of 152 81 #9 of 42
Financial Health 83 #9 of 47 95 #10 of 179 22 #37 of 47
Shareholder Returns – – 19 #23 of 28
Overall – 87 51
  • CDRO ranked among 48 companies in Gaming and Leisure
  • DDI ranked among 185 companies in Internet Platforms
  • CHDN 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

PeriodCDRODDICHDNSPY
1 month -7.7%+4.4%+8.2% +0.9%
3 months -2.4%+18.2%-7.4% +5.9%
6 months +0.8%+25.3%-19.0% +8.5%
Year to date +12.7%+58.3%-28.0% +13.3%
1 year +48.6%+49.8%-17.7% +12.4%
3 years +198.7%+71.6%-24.5% +88.1%
3 years, per year +44.0%+19.7%-8.9% +23.5%
5 years -9.3%-15.9%-28.7% +68.2%
5 years, per year -1.9%-3.4%-6.6% +11.0%
10 years ——+262.9% +263.4%
10 years, per year ——+13.8% +13.8%

Risk

MeasureCDRODDICHDNSPY
Volatility, 1Y 32.3%32.0%34.1% 12.7%
Downside volatility, 1Y 30.2%27.1%34.3% 12.7%
Beta vs S&P 500, 1Y 0.460.600.50 1.00
Return / volatility, 1Y 1.511.56-0.52 0.98
Max drawdown, 5Y -79.0%-56.9%-50.4% -25.4%
From 52-week high -11.3%-1.6%-30.3% -0.9%
52-week high $10.20$13.88$117.59 $779.14
52-week low $5.43$8.25$73.95 $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.

MultipleCDRODDICHDN
P/E now vs peer median —median 16.8x 5.4xmedian 16.8x 12.6xmedian 16.8x
P/S now vs peer median —median 1.9x 1.8xmedian 1.4x 1.9xmedian 1.9x
EV/EBITDA now vs peer median —median 10.2x 1.1xmedian 13.9x 10.2xmedian 10.2x
P/FCF now vs peer median —median 11.2x 4.6xmedian 11.4x 10.6xmedian 11.2x
P/B now vs peer median 9.4xmedian 2.2x 0.7xmedian 1.8x 4.1xmedian 2.2x
PEG now vs peer median —median 0.44 0.14median 0.36 1.09median 0.44

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 monthsCDRODDICHDN
Revenue – $380.04M $3.00B
Gross profit – $278.82M $1.03B
Operating income – $136.83M $766.80M
Net income – $125.14M $455.50M
Free cash flow – $146.82M $529.90M
R&D – $13.81M –
EPS (diluted) – $2.52 $6.50
Cash & equivalents $71.43M $455.22M $167.00M
Total debt – $32.44M $4.72B
Shares (diluted) 45.89M 49.55M 70.00M
Enterprise value $138.49M -$1.34B $4.88B

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
MetricCDRODDICHDN
P/E – 5.4x 12.6x
P/FCF – 4.6x 10.6x
P/Operating cash flow – 4.6x 7.4x
P/S – 1.8x 1.9x
P/B 9.4x 0.7x 4.1x
P/Tangible book 9.4x 0.7x -5.0x
EV/EBITDA – 1.1x 10.2x
EV/EBIT – 1.1x 13.3x
EV/Revenue – 0.4x 3.4x
EV/FCF – 1.1x 19.2x
EV/Operating cash flow – 1.1x 13.5x
PEG (3Y EPS CAGR) – 0.14 1.09

Growth

14 metrics
MetricCDRODDICHDN
Revenue growth (1Y) – 14.0% 4.2%
Revenue CAGR (3Y) – 7.3% 8.1%
Gross profit growth (1Y) – 18.1% 6.2%
Gross profit CAGR (3Y) – 10.9% 10.2%
Operating income growth (1Y) – 4.0% 11.6%
Operating income CAGR (3Y) – 37.1% 17.8%
Net income growth (1Y) – 17.3% 12.4%
Net income CAGR (3Y) – 39.8% 8.1%
EPS growth (1Y) – 17.6% 14.3%
EPS CAGR (3Y) – 39.8% 11.6%
Operating cash flow growth (1Y) – 6.0% -6.1%
Operating cash flow CAGR (3Y) – 82.2% 8.9%
Free cash flow growth (1Y) – 6.6% 17.7%
Free cash flow CAGR (3Y) – 81.8% 110.1%

Profitability

14 metrics
MetricCDRODDICHDN
Gross margin – 73.4% 34.1%
EBITDA margin – 38.6% 33.3%
Operating margin – 36.0% 25.5%
Pretax margin – 43.0% 21.1%
Net margin – 32.9% 15.1%
FCF margin – 38.6% 17.6%
Operating cash flow margin – 38.7% 25.2%
Return on equity – 12.6% 33.6%
Return on assets – 11.5% 6.1%
Return on invested capital – 10.0% 9.0%
Return on capital employed – 13.0% 12.4%
Asset turnover – 0.3x 0.4x
Cash conversion (OCF / net income) – 1.2x 1.7x
Stock comp / revenue – – 1.0%

Financial Health

11 metrics
MetricCDRODDICHDN
Debt / assets – 2.9% 63.2%
Debt / equity – 0.0x 3.4x
Net debt / EBITDA – -3.6x 4.5x
Debt / FCF – 0.2x 8.9x
Liabilities / assets 61.1% 8.3% 81.5%
Equity / assets 38.9% 91.7% 18.5%
Interest coverage – 112.1x 2.7x
Current ratio 1.5x 18.7x 0.3x
Quick ratio 1.5x 18.6x 0.2x
Cash ratio 1.3x 17.3x 0.1x
Altman Z-score – 6.63 1.41

Shareholder Returns

7 metrics
MetricCDRODDICHDN
Dividend yield – – 0.5%
Net buyback yield – – 1.3%
Shareholder yield – 0.0% 1.9%
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.

ConsensusCDRODDICHDN
Forward P/E 27.4xFY2026 5.4xFY2026 11.7xFY2026
EPS, next fiscal year $0.33FY2026 $2.51FY2026 $7.03FY2026
EPS growth, next FY – +21.3%FY2026 +14.7%FY2026
EPS growth, the year after +84.8% -7.6% -3.0%
Revenue, next fiscal year $304.93MFY2026 $349.27MFY2026 $3.17BFY2026
Revenue growth, next FY +15.9%FY2026 -3.0%FY2026 +8.2%FY2026
Revenue growth, the year after -4.1% +3.8% +1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDRODDICHDN
Held by institutions 12.2% 19.0% 85.5%
Institutions holding 20 51 463
Change in shares held, QoQ +0.4% +15.4% +7.5%
Institutions buying 10 38 240
Institutions selling 4 11 146
Buyers to sellers 2.50 3.45 1.64

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.

CDRODDICHDN
CDRO 1.00 0.05 0.21
DDI 0.05 1.00 0.08
CHDN 0.21 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDRO, DDI and CHDN?

Churchill Downs (CHDN) is the largest by market capitalisation: Codere Online Luxembourg (CDRO) $409.51M, DoubleDown Interactive (DDI) $676.90M, Churchill Downs (CHDN) $5.62B.

Which stock is cheaper, CDRO, DDI and CHDN?

DoubleDown Interactive (DDI) trades on the lowest price-to-earnings ratio (DoubleDown Interactive (DDI) 5.4x, Churchill Downs (CHDN) 12.6x). On next year's consensus earnings, DoubleDown Interactive (DDI) is cheapest (Codere Online Luxembourg (CDRO) 27.4x, DoubleDown Interactive (DDI) 5.4x, Churchill Downs (CHDN) 11.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

DoubleDown Interactive (DDI) grew revenue fastest over the trailing twelve months: DoubleDown Interactive (DDI) +14.0%, Churchill Downs (CHDN) +4.2%.

Which company is more profitable?

DoubleDown Interactive (DDI) has the highest net margin (DoubleDown Interactive (DDI) 32.9%, Churchill Downs (CHDN) 15.1%). On return on invested capital, DoubleDown Interactive (DDI) leads (DoubleDown Interactive (DDI) 10.0%, Churchill Downs (CHDN) 9.0%).

Which stock has performed better?

Over the past year DoubleDown Interactive (DDI) returned the most: Codere Online Luxembourg (CDRO) +48.6%, DoubleDown Interactive (DDI) +49.8%, Churchill Downs (CHDN) -17.7%. Over five years, Codere Online Luxembourg (CDRO) compounded fastest (Codere Online Luxembourg (CDRO) -1.9%/yr, DoubleDown Interactive (DDI) -3.4%/yr, Churchill Downs (CHDN) -6.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: DoubleDown Interactive (DDI) 0.00%, Churchill Downs (CHDN) 0.53%. Codere Online Luxembourg (CDRO) and DoubleDown Interactive (DDI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, DoubleDown Interactive (DDI) has been the steadiest (Codere Online Luxembourg (CDRO) 32.3%, DoubleDown Interactive (DDI) 32.0%, Churchill Downs (CHDN) 34.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDRO, DDI and CHDN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, DoubleDown Interactive (DDI) leads on 9. 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.