CHDN vs DDI vs FLUT Stock Comparison

Churchill Downs, DoubleDown Interactive and Flutter Entertainment Prices as of Oct 26, 2026 Peers: Industry group
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
FLUT Flutter Entertainment plc
$80.18 -4.1% 1M -67.1% 1Y
Market cap
$13.71B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
2 wins

Head to Head

11 decided of 12

DoubleDown Interactive leads on 9 of the 12 questions below (DoubleDown Interactive 9, Flutter Entertainment 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCHDNDDIFLUTLeader
Larger companyMarket capitalisation $5.70B $673.93M $13.71B FLUT
Cheaper on earningsLower P/E, profitable companies only 13.8x 5.4x -18.2x DDI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.0x 5.4x 18.2x DDI
Faster revenue growthRevenue growth, trailing twelve months +5.7% +14.0% +15.2% FLUT
More profitableNet margin, trailing twelve months 13.8% 32.9% -4.4% DDI
Better return on capitalReturn on invested capital 8.4% 10.0% -3.0% DDI
Less leveragedLower net debt / EBITDA 4.8x -3.6x 10.1x DDI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -16.8% +54.2% -67.1% DDI
Better 5-year returnAnnualised price return, 5 years -7.7%/yr -4.2%/yr -16.4%/yr DDI
Less volatileAnnualised volatility, 1 year 34.2% 32.1% 51.1% DDI
Higher overall scoreMean of the five percentile scores vs peers 51/100 87/100 42/100 DDI

Percentile Scorecard

CHDNDDIFLUT

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

AxisCHDNDDIFLUT
Valuation 61 #18 of 44 96 #7 of 167 54 #21 of 44
Growth 69 #14 of 43 68 #50 of 153 21 #34 of 43
Profitability 83 #8 of 41 90 #17 of 153 33 #28 of 41
Financial Health 20 #38 of 47 95 #10 of 179 39 #29 of 47
Shareholder Returns 22 #22 of 28 – 63 #11 of 28
Overall 51 87 42
  • CHDN ranked among 48 companies in Gaming and Leisure
  • DDI ranked among 185 companies in Internet Platforms
  • FLUT 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

PeriodCHDNDDIFLUTSPY
1 month +5.4%+4.8%-4.1% -0.8%
3 months -4.7%+17.4%-24.2% +3.5%
6 months -16.3%+48.2%-27.7% +7.0%
Year to date -26.1%+57.8%-62.7% +12.2%
1 year -16.8%+54.2%-67.1% +13.0%
3 years -22.5%+71.1%-48.3% +86.3%
3 years, per year -8.2%+19.6%-19.7% +23.1%
5 years -32.9%-19.4%-59.1% +68.6%
5 years, per year -7.7%-4.2%-16.4% +11.0%
10 years +261.5%—-30.0% +258.0%
10 years, per year +13.7%—-3.5% +13.6%

Risk

MeasureCHDNDDIFLUTSPY
Volatility, 1Y 34.2%32.1%51.1% 12.7%
Downside volatility, 1Y 34.4%27.1%57.7% 12.7%
Beta vs S&P 500, 1Y 0.500.600.78 1.00
Return / volatility, 1Y -0.491.69-1.31 1.02
Max drawdown, 5Y -50.4%-56.9%-75.9% -25.4%
From 52-week high -28.5%-1.9%-67.2% -1.8%
52-week high $117.59$13.88$244.54 $779.14
52-week low $73.95$8.25$74.27 $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.

MultipleCHDNDDIFLUT
P/E now vs peer median 14.2xmedian 17.1x 5.4xmedian 17.5x -18.6xmedian 17.1x
P/S now vs peer median 2.0xmedian 1.9x 1.8xmedian 1.4x 0.8xmedian 1.9x
EV/EBITDA now vs peer median 11.0xmedian 10.9x 1.0xmedian 14.5x 23.7xmedian 10.9x
P/FCF now vs peer median 10.3xmedian 11.4x 4.6xmedian 12.1x 11.2xmedian 11.4x
P/B now vs peer median 4.4xmedian 2.5x 0.7xmedian 1.7x 1.5xmedian 2.5x
PEG now vs peer median 1.70median 0.57 0.14median 0.41 —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 monthsCHDNDDIFLUT
Revenue $2.99B $380.04M $17.16B
Gross profit $1.02B $278.82M $7.29B
Operating income $721.50M $136.83M -$641.00M
Net income $415.70M $125.14M -$866.00M
Free cash flow $567.90M $146.82M $1.24B
R&D – $13.81M $1.08B
EPS (diluted) $5.91 $2.52 $-4.31
Cash & equivalents $196.00M $455.22M $1.56B
Total debt $4.77B $32.44M $11.98B
Shares (diluted) 70.00M 49.55M 175.00M
Enterprise value $4.92B -$1.34B $7.08B

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
MetricCHDNDDIFLUT
P/E 14.2x 5.4x -18.6x
P/FCF 10.3x 4.6x 11.2x
P/Operating cash flow 7.4x 4.6x 10.5x
P/S 2.0x 1.8x 0.8x
P/B 4.4x 0.7x 1.5x
P/Tangible book -5.0x 0.7x 5.6x
EV/EBITDA 11.0x 1.0x 23.7x
EV/EBIT 14.5x 1.1x -38.0x
EV/Revenue 3.5x 0.4x 1.4x
EV/FCF 18.4x 1.0x 19.6x
EV/Operating cash flow 13.1x 1.0x 18.3x
PEG (3Y EPS CAGR) 1.70 0.14 –

Growth

14 metrics
MetricCHDNDDIFLUT
Revenue growth (1Y) 5.7% 14.0% 15.2%
Revenue CAGR (3Y) 10.9% 7.3% –
Gross profit growth (1Y) 8.0% 18.1% 4.2%
Gross profit CAGR (3Y) 13.2% 10.9% –
Operating income growth (1Y) 1.0% 4.0% -164.9%
Operating income CAGR (3Y) 19.7% 37.1% –
Net income growth (1Y) -4.1% 17.3% -309.2%
Net income CAGR (3Y) 5.2% 39.8% –
EPS growth (1Y) -1.0% 17.6% -310.7%
EPS CAGR (3Y) 8.4% 39.8% –
Operating cash flow growth (1Y) 1.0% 6.0% -10.7%
Operating cash flow CAGR (3Y) 14.3% 82.2% –
Free cash flow growth (1Y) 54.7% 6.6% -7.2%
Free cash flow CAGR (3Y) 160.6% 81.8% –

Profitability

14 metrics
MetricCHDNDDIFLUT
Gross margin 34.2% 73.4% 42.5%
EBITDA margin 31.8% 38.6% 6.0%
Operating margin 24.1% 36.0% -3.7%
Pretax margin 19.6% 43.0% -4.3%
Net margin 13.8% 32.9% -4.4%
FCF margin 19.0% 38.6% 7.2%
Operating cash flow margin 26.6% 38.7% 7.8%
Return on equity 34.1% 12.6% -9.5%
Return on assets 5.5% 11.5% -3.1%
Return on invested capital 8.4% 10.0% -3.0%
Return on capital employed 11.7% 13.0% -2.8%
Asset turnover 0.4x 0.3x 0.6x
Cash conversion (OCF / net income) 1.9x 1.2x -1.5x
Stock comp / revenue 1.1% – 1.4%

Financial Health

11 metrics
MetricCHDNDDIFLUT
Debt / assets 63.5% 2.9% 42.5%
Debt / equity 3.6x 0.0x 1.3x
Net debt / EBITDA 4.8x -3.6x 10.1x
Debt / FCF 8.4x 0.2x 9.6x
Liabilities / assets 82.2% 8.3% 68.2%
Equity / assets 17.8% 91.7% 31.8%
Interest coverage 2.5x 112.1x –
Current ratio 0.4x 18.7x 0.9x
Quick ratio 0.2x 18.6x 0.4x
Cash ratio 0.1x 17.3x 0.3x
Altman Z-score 1.39 6.62 1.33

Shareholder Returns

7 metrics
MetricCHDNDDIFLUT
Dividend yield 0.5% – –
Net buyback yield 1.5% – 5.7%
Shareholder yield 2.0% 0.0% 5.7%
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.

ConsensusCHDNDDIFLUT
Forward P/E 12.0xFY2026 5.4xFY2026 18.2xFY2026
EPS, next fiscal year $7.03FY2026 $2.51FY2026 $4.40FY2026
EPS growth, next FY +14.7%FY2026 +21.3%FY2026 -44.6%FY2026
EPS growth, the year after -3.0% -7.6% +49.8%
Revenue, next fiscal year $3.17BFY2026 $349.27MFY2026 $16.91BFY2026
Revenue growth, next FY +8.2%FY2026 -3.0%FY2026 +3.2%FY2026
Revenue growth, the year after +1.4% +3.8% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCHDNDDIFLUT
Held by institutions 85.5% 19.0% –
Institutions holding 462 51 –
Change in shares held, QoQ +7.5% +15.4% –
Institutions buying 239 38 –
Institutions selling 146 11 –
Buyers to sellers 1.64 3.45 –

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.

CHDNDDIFLUT
CHDN 1.00 0.07 0.33
DDI 0.07 1.00 0.15
FLUT 0.33 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CHDN, DDI and FLUT?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Churchill Downs (CHDN) $5.70B, DoubleDown Interactive (DDI) $673.93M, Flutter Entertainment (FLUT) $13.71B.

Which stock is cheaper, CHDN, DDI and FLUT?

DoubleDown Interactive (DDI) trades on the lowest price-to-earnings ratio (Churchill Downs (CHDN) 13.8x, DoubleDown Interactive (DDI) 5.4x, Flutter Entertainment (FLUT) -18.2x). On next year's consensus earnings, DoubleDown Interactive (DDI) is cheapest (Churchill Downs (CHDN) 12.0x, DoubleDown Interactive (DDI) 5.4x, Flutter Entertainment (FLUT) 18.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: Churchill Downs (CHDN) +5.7%, DoubleDown Interactive (DDI) +14.0%, Flutter Entertainment (FLUT) +15.2%.

Which company is more profitable?

DoubleDown Interactive (DDI) has the highest net margin (Churchill Downs (CHDN) 13.8%, DoubleDown Interactive (DDI) 32.9%, Flutter Entertainment (FLUT) -4.4%). On return on invested capital, DoubleDown Interactive (DDI) leads (Churchill Downs (CHDN) 8.4%, DoubleDown Interactive (DDI) 10.0%, Flutter Entertainment (FLUT) -3.0%).

Which stock has performed better?

Over the past year DoubleDown Interactive (DDI) returned the most: Churchill Downs (CHDN) -16.8%, DoubleDown Interactive (DDI) +54.2%, Flutter Entertainment (FLUT) -67.1%. Over five years, DoubleDown Interactive (DDI) compounded fastest (Churchill Downs (CHDN) -7.7%/yr, DoubleDown Interactive (DDI) -4.2%/yr, Flutter Entertainment (FLUT) -16.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, DoubleDown Interactive (DDI) has been the steadiest (Churchill Downs (CHDN) 34.2%, DoubleDown Interactive (DDI) 32.1%, Flutter Entertainment (FLUT) 51.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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.