Churchill Downs (CHDN) EV to EBITDA (2011 - 2026)
Churchill Downs' EV to EBITDA came in at 5.04 for Q3 2026, down 30.6% from 7.25 a year earlier and down 21.4% from the prior quarter.
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Analysis
Churchill Downs (CHDN) EV to EBITDA (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Churchill Downs reported EV to EBITDA of 4.44, down 33.4% year-over-year; for FY2025, it was 8.47, down 20.4% from FY2024.
- EV to EBITDA has declined in each of the last five years.
- Going back by year, EV to EBITDA was 10.64 in FY2024 (-21.3%), 13.52 in FY2023 (-24.3%), 17.86 in FY2022 (-22.1%) and 22.93 in FY2021 (-54.0%).
- The Q3 2026 figure represents the lowest quarterly EV to EBITDA in data going back to Q2 2011.
- Year-over-year, EV to EBITDA has declined for 13 consecutive quarters, with an average decline of 26.1% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q2 2023 (growth of 16.8%), and the weakest in Q4 2021 (a decline of 54.0%).
- Business Quant data shows CHDN's EV to EBITDA at 6.40 (Q2 2026), 6.63 (Q1 2026) and 8.47 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.04 |
| Jun 30, 2026 | 6.40 |
| Mar 31, 2026 | 6.63 |
| Dec 31, 2025 | 8.47 |
| Sep 30, 2025 | 7.25 |
| Jun 30, 2025 | 7.41 |
| Mar 31, 2025 | 8.47 |
| Dec 31, 2024 | 10.64 |
| Sep 30, 2024 | 11.12 |
| Jun 30, 2024 | 11.77 |
| Mar 31, 2024 | 11.95 |
| Dec 31, 2023 | 13.52 |
| Sep 30, 2023 | 13.61 |
| Jun 30, 2023 | 17.86 |
| Mar 31, 2023 | 18.14 |
| Dec 31, 2022 | 17.86 |
| Sep 30, 2022 | 15.10 |
| Jun 30, 2022 | 15.29 |
| Mar 31, 2022 | 21.01 |
| Dec 31, 2021 | 22.93 |
API Access
Churchill Downs EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "CHDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();