CNTY vs MGM vs CHDN Stock Comparison

Century Casinos, MGM Resorts International and Churchill Downs Prices as of Oct 26, 2026 Peers: Industry group
MGM MGM Resorts International
$28.52 -12.5% 1M -13.1% 1Y
Market cap
$7.11B
P/E
16.7x
Revenue (TTM)
$17.76B
Div. yield
–
Casinos Consumer Discretionary
5 wins
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
6 wins

Head to Head

11 decided of 12

Churchill Downs leads on 6 of the 12 questions below (Churchill Downs 6, MGM Resorts International 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCNTYMGMCHDNLeader
Larger companyMarket capitalisation $19.78M $7.11B $5.70B MGM
Cheaper on earningsLower P/E, profitable companies only -0.4x 16.7x 13.8x CHDN
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 18.6x 12.0x CHDN
Faster revenue growthRevenue growth, trailing twelve months — +3.2% +5.7% CHDN
More profitableNet margin, trailing twelve months — 2.4% 13.8% CHDN
Better return on capitalReturn on invested capital -22.5% 10.6% 8.4% MGM
Less leveragedLower net debt / EBITDA 36.3x 1.7x 4.8x MGM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -67.3% -13.1% -16.8% MGM
Better 5-year returnAnnualised price return, 5 years -45.6%/yr -9.5%/yr -7.7%/yr CHDN
Less volatileAnnualised volatility, 1 year 50.6% 39.2% 34.2% CHDN
Higher overall scoreMean of the five percentile scores vs peers 40/100 70/100 51/100 MGM

Percentile Scorecard

CNTYMGMCHDN

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

AxisCNTYMGMCHDN
Valuation 14 #38 of 44 98 #2 of 44 61 #18 of 44
Growth 43 #25 of 43 52 #21 of 43 69 #14 of 43
Profitability 15 #35 of 41 60 #17 of 41 83 #8 of 41
Financial Health 33 #32 of 47 63 #18 of 47 20 #38 of 47
Shareholder Returns 96 #2 of 28 78 #7 of 28 22 #22 of 28
Overall 40 70 51
  • CNTY ranked among 48 companies in Gaming and Leisure
  • MGM ranked among 48 companies in Gaming and Leisure
  • 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

PeriodCNTYMGMCHDNSPY
1 month -33.6%-12.5%+5.4% -0.8%
3 months -37.1%-38.4%-4.7% +3.5%
6 months -48.6%-29.7%-16.3% +7.0%
Year to date -45.1%-21.8%-26.1% +12.2%
1 year -67.3%-13.1%-16.8% +13.0%
3 years -83.1%-16.7%-22.5% +86.3%
3 years, per year -44.7%-5.9%-8.2% +23.1%
5 years -95.2%-39.3%-32.9% +68.6%
5 years, per year -45.6%-9.5%-7.7% +11.0%
10 years -88.7%+9.1%+261.5% +258.0%
10 years, per year -19.6%+0.9%+13.7% +13.6%

Risk

MeasureCNTYMGMCHDNSPY
Volatility, 1Y 50.6%39.2%34.2% 12.7%
Downside volatility, 1Y 55.8%35.3%34.4% 12.7%
Beta vs S&P 500, 1Y 0.990.860.50 1.00
Return / volatility, 1Y -1.33-0.33-0.49 1.02
Max drawdown, 5Y -95.4%-49.3%-50.4% -25.4%
From 52-week high -66.8%-43.7%-28.5% -1.8%
52-week high $2.20$50.69$117.59 $779.14
52-week low $0.73$28.03$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.

MultipleCNTYMGMCHDN
P/E now vs peer median -0.4xmedian 17.1x 17.0xmedian 17.1x 14.2xmedian 17.1x
P/S now vs peer median —median 1.9x 0.4xmedian 1.9x 2.0xmedian 1.9x
EV/EBITDA now vs peer median 39.1xmedian 10.9x 5.0xmedian 10.9x 11.0xmedian 10.9x
P/FCF now vs peer median -2.6xmedian 11.4x 4.8xmedian 11.4x 10.3xmedian 11.4x
P/B now vs peer median -0.2xmedian 2.5x 2.1xmedian 2.5x 4.4xmedian 2.5x
PEG now vs peer median 0.00median 0.57 0.99median 0.57 1.70median 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 monthsCNTYMGMCHDN
Revenue – $17.76B $2.99B
Gross profit – $7.84B $1.02B
Operating income – $1.02B $721.50M
Net income -$49.53M $595.10M $415.70M
Free cash flow -$7.94M $1.49B $567.90M
EPS (diluted) $-1.98 $1.65 $5.91
Cash & equivalents $60.18M $2.55B $196.00M
Total debt $1.32B $6.07B $4.77B
Shares (diluted) 28.20M 257.76M 70.00M
Enterprise value -$246.98M -$1.93B $4.92B

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
MetricCNTYMGMCHDN
P/E -0.4x 17.0x 14.2x
P/FCF -2.6x 4.8x 10.3x
P/Operating cash flow 2.8x 2.9x 7.4x
P/S – 0.4x 2.0x
P/B -0.2x 2.1x 4.4x
P/Tangible book -0.1x 3.4x -5.0x
EV/EBITDA 39.1x 5.0x 11.0x
EV/EBIT -6.2x 10.5x 14.5x
EV/Revenue – 0.6x 3.5x
EV/FCF -36.5x 7.2x 18.4x
EV/Operating cash flow 39.4x 4.3x 13.1x
PEG (3Y EPS CAGR) 0.00 0.99 1.70

Growth

14 metrics
MetricCNTYMGMCHDN
Revenue growth (1Y) – 3.2% 5.7%
Revenue CAGR (3Y) – 6.2% 10.9%
Gross profit growth (1Y) – 1.4% 8.0%
Gross profit CAGR (3Y) – 3.0% 13.2%
Operating income growth (1Y) – -27.1% 1.0%
Operating income CAGR (3Y) – 165.5% 19.7%
Net income growth (1Y) 60.1% -28.0% -4.1%
Net income CAGR (3Y) -135.1% 135.7% 5.2%
EPS growth (1Y) 53.9% -15.6% -1.0%
EPS CAGR (3Y) -140.9% 17.2% 8.4%
Operating cash flow growth (1Y) -37.9% -2.7% 1.0%
Operating cash flow CAGR (3Y) -39.0% 5.4% 14.3%
Free cash flow growth (1Y) 68.9% 15.4% 54.7%
Free cash flow CAGR (3Y) -28.6% 8.1% 160.6%

Profitability

14 metrics
MetricCNTYMGMCHDN
Gross margin – 44.2% 34.2%
EBITDA margin – 12.0% 31.8%
Operating margin – 5.7% 24.1%
Pretax margin – 2.8% 19.6%
Net margin – 2.4% 13.8%
FCF margin – 8.4% 19.0%
Operating cash flow margin – 13.9% 26.6%
Return on equity – 20.2% 34.1%
Return on assets -4.4% 1.7% 5.5%
Return on invested capital -22.5% 10.6% 8.4%
Return on capital employed -4.5% 2.7% 11.7%
Asset turnover – 0.4x 0.4x
Cash conversion (OCF / net income) -0.1x 4.1x 1.9x
Stock comp / revenue – 0.5% 1.1%

Financial Health

11 metrics
MetricCNTYMGMCHDN
Debt / assets 29.8% 15.2% 63.5%
Debt / equity -2.6x 1.8x 3.6x
Net debt / EBITDA 36.3x 1.7x 4.8x
Debt / FCF -41.4x 4.1x 8.4x
Liabilities / assets 111.4% 91.5% 82.2%
Equity / assets -11.4% 8.5% 17.8%
Interest coverage – 2.5x 2.5x
Current ratio 1.2x 1.3x 0.4x
Quick ratio 0.9x 1.1x 0.2x
Cash ratio 0.8x 0.8x 0.1x
Altman Z-score – 0.76 1.39

Shareholder Returns

7 metrics
MetricCNTYMGMCHDN
Dividend yield – – 0.5%
Net buyback yield 19.1% 10.8% 1.5%
Shareholder yield 19.1% 10.8% 2.0%
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.

ConsensusCNTYMGMCHDN
Forward P/E – 18.6xFY2026 12.0xFY2026
EPS, next fiscal year $-1.63FY2026 $1.53FY2026 $7.03FY2026
EPS growth, next FY – -53.8%FY2026 +14.7%FY2026
EPS growth, the year after – +18.3% -3.0%
Revenue, next fiscal year $569.46MFY2026 $18.44BFY2026 $3.17BFY2026
Revenue growth, next FY -0.6%FY2026 +5.1%FY2026 +8.2%FY2026
Revenue growth, the year after +9.8% +0.3% +1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCNTYMGMCHDN
Held by institutions 51.7% 66.8% 85.5%
Institutions holding 50 661 462
Change in shares held, QoQ -5.4% +0.0% +7.5%
Institutions buying 14 305 239
Institutions selling 12 235 146
Buyers to sellers 1.17 1.30 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.

CNTYMGMCHDN
CNTY 1.00 0.22 0.08
MGM 0.22 1.00 0.30
CHDN 0.08 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CNTY, MGM and CHDN?

MGM Resorts International (MGM) is the largest by market capitalisation: Century Casinos (CNTY) $19.78M, MGM Resorts International (MGM) $7.11B, Churchill Downs (CHDN) $5.70B.

Which stock is cheaper, CNTY, MGM and CHDN?

Churchill Downs (CHDN) trades on the lowest price-to-earnings ratio (Century Casinos (CNTY) -0.4x, MGM Resorts International (MGM) 16.7x, Churchill Downs (CHDN) 13.8x). On next year's consensus earnings, Churchill Downs (CHDN) is cheapest (MGM Resorts International (MGM) 18.6x, Churchill Downs (CHDN) 12.0x). 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: MGM Resorts International (MGM) +3.2%, Churchill Downs (CHDN) +5.7%.

Which company is more profitable?

Churchill Downs (CHDN) has the highest net margin (MGM Resorts International (MGM) 2.4%, Churchill Downs (CHDN) 13.8%). On return on invested capital, MGM Resorts International (MGM) leads (Century Casinos (CNTY) -22.5%, MGM Resorts International (MGM) 10.6%, Churchill Downs (CHDN) 8.4%).

Which stock has performed better?

Over the past year MGM Resorts International (MGM) returned the most: Century Casinos (CNTY) -67.3%, MGM Resorts International (MGM) -13.1%, Churchill Downs (CHDN) -16.8%. Over five years, Churchill Downs (CHDN) compounded fastest (Century Casinos (CNTY) -45.6%/yr, MGM Resorts International (MGM) -9.5%/yr, Churchill Downs (CHDN) -7.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Churchill Downs (CHDN) has been the steadiest (Century Casinos (CNTY) 50.6%, MGM Resorts International (MGM) 39.2%, Churchill Downs (CHDN) 34.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CNTY, MGM 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, Churchill Downs (CHDN) leads on 6. 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.