Churchill Downs (CHDN) EV to EBITDA (2010 - 2026)
Churchill Downs (CHDN) posted EV to EBITDA of 17.09 for Q2 2026, down 59.99% on a QoQ basis from 42.72 in Q1 2026, and down 19.26% year-over-year from 21.17 in Q2 2025.
Analysis
Churchill Downs (CHDN) EV to EBITDA (2010 - 2026) Analysis & Trends
Churchill Downs has reported EV to EBITDA for 17 years, with the latest figure at 17.09 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 19.26% year-over-year to 17.09 in Q2 2026; TTM through Jun 2026 was 8.46, a 12.69% decrease from a year earlier, with the FY2025 full-year figure at 11.35, down 16.66% from the prior year.
- EV to EBITDA was 17.09 for Q2 2026 at Churchill Downs, down from 42.72 in the prior quarter.
- The five-year high for EV to EBITDA was 664.73 in Q4 2022, with the low at 17.09 in Q2 2026.
- Average EV to EBITDA over 5 years is 98.15, with a median of 69.24 recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EV to EBITDA soared 159.55% in 2022, then plunged 85.97% in 2023.
- Over 5 years, EV to EBITDA stood at 664.73 in 2022, then slumped by 85.97% to 93.29 in 2023, then retreated by 18.35% to 76.18 in 2024, then retreated by 17.47% to 62.87 in 2025, then slumped by 72.81% to 17.09 in 2026.
- The last three EV to EBITDA figures came in at 17.09 (Q2 2026), 42.72 (Q1 2026), and 62.87 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 28.74 Bn | 25.68 Bn | 1.81 Bn |
| 2 | MGM Resorts International | 10.37 Bn | 8.67 Bn | 3.10 Bn |
| 3 | Wynn Resorts | 9.47 Bn | 7.16 Bn | 1.14 Bn |
| 4 | Churchill Downs | 6.07 Bn | 5.92 Bn | 712.00 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 5.16 Bn | 2.04 Bn |
| 6 | Red Rock Resorts | 6.00 Bn | 5.52 Bn | 420.02 Mn |
| 7 | Boyd Gaming | 5.71 Bn | 5.38 Bn | 766.76 Mn |
| 8 | PENN Entertainment | 2.29 Bn | 1.39 Bn | 1.02 Bn |
| 9 | Monarch Casino & Resort | 2.18 Bn | 2.04 Bn | 38.62 Mn |
| 10 | Melco Resorts & Entertainment | 2.12 Bn | 1.85 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.09 |
| Mar 31, 2026 | 42.72 |
| Dec 31, 2025 | 62.87 |
| Sep 30, 2025 | 67.63 |
| Jun 30, 2025 | 21.17 |
| Mar 31, 2025 | 58.30 |
| Dec 31, 2024 | 76.18 |
| Sep 30, 2024 | 77.86 |
| Jun 30, 2024 | 30.68 |
| Mar 31, 2024 | 70.84 |
| Dec 31, 2023 | 93.29 |
| Sep 30, 2023 | 75.92 |
| Jun 30, 2023 | 44.53 |
| Mar 31, 2023 | 78.80 |
| Dec 31, 2022 | 664.73 |
| Sep 30, 2022 | 84.20 |
| Jun 30, 2022 | 28.20 |
| Mar 31, 2022 | 171.70 |
| Dec 31, 2021 | 256.11 |
| Sep 30, 2021 | 131.17 |