CHDN vs MLCO vs WYNN Stock Comparison

Churchill Downs, Melco Resorts & Entertainment and Wynn Resorts Prices as of Oct 27, 2026 Peers: Industry group
CHDN Churchill Downs Inc
$81.52 +2.2% 1M -20.9% 1Y
Market cap
$5.68B
P/E
13.8x
Revenue (TTM)
$2.99B
Div. yield
0.54%
Casinos Consumer Discretionary
2 wins
WYNN Wynn Resorts Ltd
$72.42 -10.7% 1M -42.3% 1Y
Market cap
$7.49B
P/E
16.5x
Revenue (TTM)
$7.41B
Div. yield
1.38%
Casinos Consumer Discretionary
5 wins

Head to Head

12 decided of 12

Wynn Resorts leads on 5 of the 12 questions below (Wynn Resorts 5, Melco Resorts & Entertainment 5, Churchill Downs 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCHDNMLCOWYNNLeader
Larger companyMarket capitalisation $5.68B $1.53B $7.49B WYNN
Cheaper on earningsLower P/E, profitable companies only 13.8x 6.4x 16.5x MLCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.6x 10.7x 16.8x MLCO
Faster revenue growthRevenue growth, trailing twelve months +5.7% +5.2% +6.4% WYNN
More profitableNet margin, trailing twelve months 13.8% 5.0% 6.1% CHDN
Better return on capitalReturn on invested capital 8.4% 231.9% 10.1% MLCO
Less leveragedLower net debt / EBITDA 4.8x -2.9x 5.0x MLCO
Higher dividend yieldTrailing dividend yield 0.54% 0.00% 1.38% WYNN
Better 1-year returnPrice return, last 12 months -20.9% -55.6% -42.3% CHDN
Better 5-year returnAnnualised price return, 5 years -7.3%/yr -19.6%/yr -4.4%/yr WYNN
Less volatileAnnualised volatility, 1 year 34.3% 39.4% 32.3% WYNN
Higher overall scoreMean of the five percentile scores vs peers 51/100 85/100 59/100 MLCO

Percentile Scorecard

CHDNMLCOWYNN

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

AxisCHDNMLCOWYNN
Valuation 63 #17 of 44 100 #1 of 44 93 #4 of 44
Growth 69 #14 of 43 91 #5 of 43 74 #12 of 43
Profitability 83 #8 of 41 88 #6 of 41 73 #12 of 41
Financial Health 20 #38 of 47 61 #19 of 47 22 #37 of 47
Shareholder Returns 21 #23 of 29 – 36 #19 of 29
Overall 51 85 59
  • CHDN ranked among 48 companies in Gaming and Leisure
  • MLCO ranked among 48 companies in Gaming and Leisure
  • WYNN 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

PeriodCHDNMLCOWYNNSPY
1 month +2.2%-20.7%-10.7% -0.2%
3 months -8.6%-33.5%-26.9% +3.9%
6 months -18.1%-32.4%-31.8% +8.2%
Year to date -28.4%-50.5%-39.8% +12.9%
1 year -20.9%-55.6%-42.3% +12.3%
3 years -24.9%-55.3%-17.0% +87.4%
3 years, per year -9.1%-23.6%-6.0% +23.3%
5 years -31.6%-66.3%-20.2% +67.9%
5 years, per year -7.3%-19.6%-4.4% +10.9%
10 years +256.3%-77.9%-23.1% +261.1%
10 years, per year +13.6%-14.0%-2.6% +13.7%

Risk

MeasureCHDNMLCOWYNNSPY
Volatility, 1Y 34.3%39.4%32.3% 12.7%
Downside volatility, 1Y 34.5%46.9%32.0% 12.7%
Beta vs S&P 500, 1Y 0.490.670.88 1.00
Return / volatility, 1Y -0.61-1.41-1.31 0.97
Max drawdown, 5Y -50.4%-74.1%-46.9% -25.4%
From 52-week high -30.7%-60.1%-45.6% -1.2%
52-week high $117.59$9.39$133.09 $779.14
52-week low $73.95$3.73$72.42 $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.

MultipleCHDNMLCOWYNN
P/E now vs peer median 13.8xmedian 17.0x 6.4xmedian 17.0x 16.5xmedian 17.0x
P/S now vs peer median 1.9xmedian 1.9x 0.3xmedian 1.9x 1.0xmedian 1.9x
EV/EBITDA now vs peer median 10.8xmedian 10.8x 7.1xmedian 10.8x 9.0xmedian 10.8x
P/FCF now vs peer median 10.0xmedian 11.2x 3.0xmedian 11.2x 9.5xmedian 11.2x
P/B now vs peer median 4.2xmedian 2.4x 173.9xmedian 2.4x -8.3xmedian 2.4x
PEG now vs peer median 1.65median 0.56 0.19median 0.56 0.05median 0.56

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 monthsCHDNMLCOWYNN
Revenue $2.99B $4.69B $7.41B
Gross profit $1.02B $4.54B $2.30B
Operating income $721.50M $477.81M $1.17B
Net income $415.70M $196.16M $583.88M
Free cash flow $567.90M $506.29M $791.87M
R&D – $4.78M –
EPS (diluted) $5.91 $0.59 $4.36
Cash & equivalents $196.00M $454.26M $1.57B
Total debt $4.77B $14.51M $10.72B
Shares (diluted) 70.00M 400.63M 102.98M
Enterprise value $4.95B -$1.10B $1.04B

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
MetricCHDNMLCOWYNN
P/E 13.8x 6.4x 16.5x
P/FCF 10.0x 3.0x 9.5x
P/Operating cash flow 7.1x 1.9x 5.1x
P/S 1.9x 0.3x 1.0x
P/B 4.2x 173.9x -8.3x
P/Tangible book -4.8x -8.7x -6.7x
EV/EBITDA 10.8x 7.1x 9.0x
EV/EBIT 14.2x 2.3x 14.3x
EV/Revenue 3.4x 0.2x 2.2x
EV/FCF 18.1x 2.1x 21.0x
EV/Operating cash flow 12.9x 1.4x 11.4x
PEG (3Y EPS CAGR) 1.65 0.19 0.05

Growth

14 metrics
MetricCHDNMLCOWYNN
Revenue growth (1Y) 5.7% 5.2% 6.4%
Revenue CAGR (3Y) 10.9% 35.8% 14.7%
Gross profit growth (1Y) 8.0% 5.4% 2.7%
Gross profit CAGR (3Y) 13.2% 35.9% -9.5%
Operating income growth (1Y) 1.0% 24.6% 12.8%
Operating income CAGR (3Y) 19.7% 53.5% 35.7%
Net income growth (1Y) -4.1% 914.5% 30.1%
Net income CAGR (3Y) 5.2% 32.2% 98.1%
EPS growth (1Y) -1.0% 347.7% 17.8%
EPS CAGR (3Y) 8.4% 34.2% 312.4%
Operating cash flow growth (1Y) 1.0% 3.7% 12.5%
Operating cash flow CAGR (3Y) 14.3% 84.2% 33.2%
Free cash flow growth (1Y) 54.7% -3.5% 6.5%
Free cash flow CAGR (3Y) 160.6% 38.1% 40.2%

Profitability

14 metrics
MetricCHDNMLCOWYNN
Gross margin 34.2% 96.6% 31.0%
EBITDA margin 31.8% 3.3% 24.9%
Operating margin 24.1% 10.2% 15.7%
Pretax margin 19.6% 4.0% 9.4%
Net margin 13.8% 5.0% 6.1%
FCF margin 19.0% 10.8% 10.7%
Operating cash flow margin 26.6% 16.9% 19.7%
Return on equity 34.1% 1,233% –
Return on assets 5.5% 3.2% 4.5%
Return on invested capital 8.4% 231.9% 10.1%
Return on capital employed 11.7% 9.4% 11.5%
Asset turnover 0.4x 0.8x 0.6x
Cash conversion (OCF / net income) 1.9x 4.0x 2.5x
Stock comp / revenue 1.1% – 1.2%

Financial Health

11 metrics
MetricCHDNMLCOWYNN
Debt / assets 63.5% 0.2% 81.5%
Debt / equity 3.6x 1.7x -11.8x
Net debt / EBITDA 4.8x -2.9x 5.0x
Debt / FCF 8.4x 0.0x 13.5x
Liabilities / assets 82.2% 99.9% 106.9%
Equity / assets 17.8% 0.1% -6.9%
Interest coverage 2.5x 1.4x 1.9x
Current ratio 0.4x 1.0x 0.9x
Quick ratio 0.2x 1.0x 0.7x
Cash ratio 0.1x 0.5x 0.5x
Altman Z-score 1.37 0.72 1.02

Shareholder Returns

7 metrics
MetricCHDNMLCOWYNN
Dividend yield 0.5% – 1.4%
Net buyback yield 1.5% – 2.2%
Shareholder yield 2.1% 0.0% 3.6%
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.

ConsensusCHDNMLCOWYNN
Forward P/E 11.6xFY2026 10.7xFY2026 16.8xFY2026
EPS, next fiscal year $7.03FY2026 $0.35FY2026 $4.32FY2026
EPS growth, next FY +14.7%FY2026 -23.9%FY2026 +3.1%FY2026
EPS growth, the year after -3.0% +57.1% -3.2%
Revenue, next fiscal year $3.17BFY2026 $5.39BFY2026 $7.74BFY2026
Revenue growth, next FY +8.2%FY2026 +4.4%FY2026 +8.5%FY2026
Revenue growth, the year after +1.4% -8.0% -7.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCHDNMLCOWYNN
Held by institutions 85.5% 25.7% 71.9%
Institutions holding 462 165 497
Change in shares held, QoQ +7.5% -6.1% +3.9%
Institutions buying 239 84 212
Institutions selling 146 49 192
Buyers to sellers 1.64 1.71 1.10

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.

CHDNMLCOWYNN
CHDN 1.00 0.21 0.29
MLCO 0.21 1.00 0.50
WYNN 0.29 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CHDN, MLCO and WYNN?

Wynn Resorts (WYNN) is the largest by market capitalisation: Churchill Downs (CHDN) $5.68B, Melco Resorts & Entertainment (MLCO) $1.53B, Wynn Resorts (WYNN) $7.49B.

Which stock is cheaper, CHDN, MLCO and WYNN?

Melco Resorts & Entertainment (MLCO) trades on the lowest price-to-earnings ratio (Churchill Downs (CHDN) 13.8x, Melco Resorts & Entertainment (MLCO) 6.4x, Wynn Resorts (WYNN) 16.5x). On next year's consensus earnings, Melco Resorts & Entertainment (MLCO) is cheapest (Churchill Downs (CHDN) 11.6x, Melco Resorts & Entertainment (MLCO) 10.7x, Wynn Resorts (WYNN) 16.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Wynn Resorts (WYNN) grew revenue fastest over the trailing twelve months: Churchill Downs (CHDN) +5.7%, Melco Resorts & Entertainment (MLCO) +5.2%, Wynn Resorts (WYNN) +6.4%.

Which company is more profitable?

Churchill Downs (CHDN) has the highest net margin (Churchill Downs (CHDN) 13.8%, Melco Resorts & Entertainment (MLCO) 5.0%, Wynn Resorts (WYNN) 6.1%). On return on invested capital, Melco Resorts & Entertainment (MLCO) leads (Churchill Downs (CHDN) 8.4%, Melco Resorts & Entertainment (MLCO) 231.9%, Wynn Resorts (WYNN) 10.1%).

Which stock has performed better?

Over the past year Churchill Downs (CHDN) returned the most: Churchill Downs (CHDN) -20.9%, Melco Resorts & Entertainment (MLCO) -55.6%, Wynn Resorts (WYNN) -42.3%. Over five years, Wynn Resorts (WYNN) compounded fastest (Churchill Downs (CHDN) -7.3%/yr, Melco Resorts & Entertainment (MLCO) -19.6%/yr, Wynn Resorts (WYNN) -4.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Wynn Resorts (WYNN) has the highest dividend yield: Churchill Downs (CHDN) 0.54%, Melco Resorts & Entertainment (MLCO) 0.00%, Wynn Resorts (WYNN) 1.38%. Melco Resorts & Entertainment (MLCO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Wynn Resorts (WYNN) has been the steadiest (Churchill Downs (CHDN) 34.3%, Melco Resorts & Entertainment (MLCO) 39.4%, Wynn Resorts (WYNN) 32.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CHDN, MLCO and WYNN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Wynn Resorts (WYNN) 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.