CPHC vs CHDN vs BYD Stock Comparison

Canterbury Park Holding, Churchill Downs and Boyd Gaming 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
$6.35B
P/E
14.0x
Revenue (TTM)
$3.00B
Div. yield
–
Casinos Consumer Discretionary
3 wins
BYD Boyd Gaming Corp
$70.75 +2.2% 1M -10.4% 1Y
Market cap
$5.26B
P/E
10.5x
Revenue (TTM)
$4.08B
Div. yield
0.01%
Casinos Consumer Discretionary
5 wins

Head to Head

11 decided of 12

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

QuestionCPHCCHDNBYDLeader
Larger companyMarket capitalisation $80.32M $6.35B $5.26B CHDN
Cheaper on earningsLower P/E, profitable companies only 675.0x 14.0x 10.5x BYD
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 11.7x 10.5x BYD
Faster revenue growthRevenue growth, trailing twelve months +0.6% +4.2% +0.3% CHDN
More profitableNet margin, trailing twelve months 0.2% 15.1% 12.3% CHDN
Better return on capitalReturn on invested capital — 9.0% 11.5% BYD
Less leveragedLower net debt / EBITDA — 4.5x 2.2x BYD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months -0.2% -17.7% -10.4% CPHC
Better 5-year returnAnnualised price return, 5 years -0.1%/yr -6.6%/yr +2.1%/yr BYD
Less volatileAnnualised volatility, 1 year 21.0% 34.1% 26.3% CPHC
Higher overall scoreMean of the five percentile scores vs peers 57/100 51/100 55/100 CPHC

Percentile Scorecard

CPHCCHDNBYD

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

AxisCPHCCHDNBYD
Valuation 84 #8 of 44 67 #15 of 44 61 #18 of 44
Growth 19 #35 of 43 67 #15 of 43 7 #40 of 43
Profitability 56 #19 of 42 81 #9 of 42 76 #11 of 42
Financial Health 87 #7 of 47 22 #37 of 47 57 #21 of 47
Shareholder Returns 37 #18 of 28 19 #23 of 28 74 #8 of 28
Overall 57 51 55
  • CPHC 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

PeriodCPHCCHDNBYDSPY
1 month +0.8%+8.2%+2.2% +0.9%
3 months +0.9%-7.4%-22.1% +5.9%
6 months -0.6%-19.0%-18.0% +8.5%
Year to date +2.1%-28.0%-17.0% +13.3%
1 year -0.2%-17.7%-10.4% +12.4%
3 years -20.8%-24.5%+29.7% +88.1%
3 years, per year -7.5%-8.9%+9.1% +23.5%
5 years -0.5%-28.7%+10.9% +68.2%
5 years, per year -0.1%-6.6%+2.1% +11.0%
10 years +49.0%+262.9%+293.3% +263.4%
10 years, per year +4.1%+13.8%+14.7% +13.8%

Risk

MeasureCPHCCHDNBYDSPY
Volatility, 1Y 21.0%34.1%26.3% 12.7%
Downside volatility, 1Y 20.2%34.3%26.4% 12.7%
Beta vs S&P 500, 1Y -0.150.500.56 1.00
Return / volatility, 1Y -0.01-0.52-0.40 0.98
Max drawdown, 5Y -56.7%-50.4%-35.1% -25.4%
From 52-week high -6.7%-30.3%-22.4% -0.9%
52-week high $16.84$117.59$91.15 $779.14
52-week low $14.50$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.

MultipleCPHCCHDNBYD
P/E now vs peer median 680.9xmedian 16.8x 12.6xmedian 16.8x 10.3xmedian 16.8x
P/S now vs peer median 1.3xmedian 1.9x 1.9xmedian 1.9x 1.2xmedian 1.9x
EV/EBITDA now vs peer median 9.1xmedian 10.2x 10.2xmedian 10.2x 6.7xmedian 10.2x
P/FCF now vs peer median 15.8xmedian 11.2x 10.6xmedian 11.2x -8.2xmedian 11.2x
P/B now vs peer median 1.0xmedian 2.2x 4.1xmedian 2.2x 2.1xmedian 2.2x
PEG now vs peer median -8.63median 0.44 1.09median 0.44 -31.29median 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 monthsCPHCCHDNBYD
Revenue $60.44M $3.00B $4.08B
Gross profit $54.65M $1.03B $2.01B
Operating income $2.72M $766.80M $725.98M
Net income $118.99K $455.50M $496.64M
Free cash flow $5.17M $529.90M -$615.15M
EPS (diluted) $0.02 $6.50 $6.87
Cash & equivalents $14.03M $167.00M $297.18M
Total debt – $4.72B $2.68B
Shares (diluted) 5.15M 70.00M 73.05M
Enterprise value $10.32M $5.59B $3.91B

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
MetricCPHCCHDNBYD
P/E 680.9x 12.6x 10.3x
P/FCF 15.8x 10.6x -8.2x
P/Operating cash flow 9.4x 7.4x 8.6x
P/S 1.3x 1.9x 1.2x
P/B 1.0x 4.1x 2.1x
P/Tangible book 1.0x -5.0x 5.2x
EV/EBITDA 9.1x 10.2x 6.7x
EV/EBIT 22.9x 13.3x 10.2x
EV/Revenue 1.0x 3.4x 1.8x
EV/FCF 12.1x 19.2x -12.1x
EV/Operating cash flow 7.2x 13.5x 12.6x
PEG (3Y EPS CAGR) -8.63 1.09 -31.29

Growth

14 metrics
MetricCPHCCHDNBYD
Revenue growth (1Y) 0.6% 4.2% 0.3%
Revenue CAGR (3Y) -2.4% 8.1% 3.3%
Gross profit growth (1Y) 0.2% 6.2% -2.9%
Gross profit CAGR (3Y) -2.6% 10.2% -0.3%
Operating income growth (1Y) -41.2% 11.6% -13.9%
Operating income CAGR (3Y) -43.2% 17.8% -10.0%
Net income growth (1Y) -20.6% 12.4% -73.5%
Net income CAGR (3Y) -78.5% 8.1% -10.8%
EPS growth (1Y) -22.0% 14.3% -70.3%
EPS CAGR (3Y) -78.9% 11.6% -0.3%
Operating cash flow growth (1Y) 19.3% -6.1% -38.9%
Operating cash flow CAGR (3Y) -9.7% 8.9% -14.6%
Free cash flow growth (1Y) 631.1% 17.7% -13,315%
Free cash flow CAGR (3Y) 10.3% 110.1% -59.5%

Profitability

14 metrics
MetricCPHCCHDNBYD
Gross margin 90.4% 34.1% 49.1%
EBITDA margin 11.4% 33.3% 27.0%
Operating margin 4.5% 25.5% 17.8%
Pretax margin 0.5% 21.1% 15.0%
Net margin 0.2% 15.1% 12.3%
FCF margin 8.5% 17.6% -15.1%
Operating cash flow margin 14.3% 25.2% 14.4%
Return on equity 0.1% 33.6% 20.1%
Return on assets 0.1% 6.1% 7.4%
Return on invested capital – 9.0% 11.5%
Return on capital employed 2.7% 12.4% 13.9%
Asset turnover 0.5x 0.4x 0.6x
Cash conversion (OCF / net income) 72.5x 1.7x 1.2x
Stock comp / revenue 1.2% 1.0% 0.8%

Financial Health

11 metrics
MetricCPHCCHDNBYD
Debt / assets – 63.2% 40.2%
Debt / equity – 3.4x 1.1x
Net debt / EBITDA – 4.5x 2.2x
Debt / FCF – 8.9x -4.3x
Liabilities / assets 28.2% 81.5% 63.2%
Equity / assets 71.8% 18.5% 36.8%
Interest coverage – 2.7x 6.1x
Current ratio 2.2x 0.3x 0.3x
Quick ratio 1.7x 0.2x 0.3x
Cash ratio 1.4x 0.1x 0.2x
Altman Z-score 2.87 1.41 2.03

Shareholder Returns

7 metrics
MetricCPHCCHDNBYD
Dividend yield 1.8% 0.5% 1.1%
Net buyback yield – 1.3% 13.1%
Shareholder yield 1.8% 1.9% 14.2%
Payout ratio (earnings) – – 11.6%
Payout ratio (FCF) – – -9.4%
Dividend growth (1Y) – – -2.5%
Dividend CAGR (3Y) – – -3.2%

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.

ConsensusCPHCCHDNBYD
Forward P/E – 11.7xFY2026 10.5xFY2026
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
HoldersCPHCCHDNBYD
Held by institutions 41.6% 85.5% 72.8%
Institutions holding 27 463 423
Change in shares held, QoQ +2.6% +7.5% +5.4%
Institutions buying 10 240 186
Institutions selling 8 146 175
Buyers to sellers 1.25 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.

CPHCCHDNBYD
CPHC 1.00 0.05 -0.02
CHDN 0.05 1.00 0.37
BYD -0.02 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CPHC, CHDN and BYD?

Churchill Downs (CHDN) is the largest by market capitalisation: Canterbury Park Holding (CPHC) $80.32M, Churchill Downs (CHDN) $6.35B, Boyd Gaming (BYD) $5.26B.

Which stock is cheaper, CPHC, CHDN and BYD?

Boyd Gaming (BYD) trades on the lowest price-to-earnings ratio (Canterbury Park Holding (CPHC) 675.0x, Churchill Downs (CHDN) 14.0x, Boyd Gaming (BYD) 10.5x). On next year's consensus earnings, Boyd Gaming (BYD) is cheapest (Churchill Downs (CHDN) 11.7x, Boyd Gaming (BYD) 10.5x). 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: Canterbury Park Holding (CPHC) +0.6%, Churchill Downs (CHDN) +4.2%, Boyd Gaming (BYD) +0.3%.

Which company is more profitable?

Churchill Downs (CHDN) has the highest net margin (Canterbury Park Holding (CPHC) 0.2%, Churchill Downs (CHDN) 15.1%, Boyd Gaming (BYD) 12.3%). On return on invested capital, Boyd Gaming (BYD) leads (Churchill Downs (CHDN) 9.0%, Boyd Gaming (BYD) 11.5%).

Which stock has performed better?

Over the past year Canterbury Park Holding (CPHC) returned the most: Canterbury Park Holding (CPHC) -0.2%, Churchill Downs (CHDN) -17.7%, Boyd Gaming (BYD) -10.4%. Over five years, Boyd Gaming (BYD) compounded fastest (Canterbury Park Holding (CPHC) -0.1%/yr, Churchill Downs (CHDN) -6.6%/yr, Boyd Gaming (BYD) +2.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Canterbury Park Holding (CPHC) 0.00%, Churchill Downs (CHDN) 0.00%, Boyd Gaming (BYD) 0.01%. Canterbury Park Holding (CPHC) and Churchill Downs (CHDN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Canterbury Park Holding (CPHC) has been the steadiest (Canterbury Park Holding (CPHC) 21.0%, Churchill Downs (CHDN) 34.1%, Boyd Gaming (BYD) 26.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CPHC, 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.