Churchill Downs (CHDN) EV to FCF (2011 - 2026)
Churchill Downs' EV to FCF was 9.47 in Q2 2026, down 38.7% from 15.46 a year earlier and down 0.7% from the prior quarter.
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Analysis
Churchill Downs (CHDN) EV to FCF (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Churchill Downs' EV to FCF was 8.57 through Jun 30, 2026, down 40.2% year-over-year; for FY2025, it came in at 13.74, down 56.1% from FY2024.
- In earlier years, EV to FCF was 31.33 in FY2024 (-97.9%), 1524.27 in FY2023, 56.56 in FY2022 (+159.2%) and 21.82 in FY2021.
- The Q2 2026 figure marks the lowest quarterly EV to FCF since Q2 2012.
- Compared with a year earlier, EV to FCF has declined for seven straight quarters, with an average decline of 71.0% over the last seven quarters.
- The best year-over-year quarter for EV to FCF over five years was Q1 2024 (growth of 420.8%); the worst was Q4 2024 (a decline of 97.9%).
- Per Business Quant data, CHDN's EV to FCF in the three quarters before Q2 2026 was 9.54 (Q1 2026), 13.74 (Q4 2025) and 12.34 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.54 Bn | 10.64 Bn | 1.48 Bn |
| 2 | Flutter Entertainment | 13.66 Bn | 7.03 Bn | 1.71 Bn |
| 3 | DraftKings | 10.19 Bn | 5.85 Bn | 551.45 Mn |
| 4 | Madison Square Garden Sports | 9.99 Bn | 9.58 Bn | 119.21 Mn |
| 5 | Life Time Group Holdings | 9.09 Bn | 8.33 Bn | 412.26 Mn |
| 6 | Wynn Resorts | 7.77 Bn | 2.06 Bn | 758.95 Mn |
| 7 | MGM Resorts International | 7.33 Bn | -1.71 Bn | 1.98 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn |
| 9 | Caesars Entertainment | 5.90 Bn | 2.34 Bn | 1.50 Bn |
| 10 | Churchill Downs | 5.79 Bn | 5.02 Bn | 419.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.74 |
| Mar 31, 2026 | 10.83 |
| Dec 31, 2025 | 15.69 |
| Sep 30, 2025 | 14.72 |
| Jun 30, 2025 | 18.86 |
| Mar 31, 2025 | 26.95 |
| Dec 31, 2024 | 42.99 |
| Sep 30, 2024 | 64.66 |
| Jun 30, 2024 | 553.27 |
| Mar 31, 2023 | 106.40 |
| Dec 31, 2022 | 89.09 |
| Sep 30, 2022 | 35.74 |
| Jun 30, 2022 | 24.97 |
| Mar 31, 2022 | 22.89 |
| Dec 31, 2021 | 24.17 |
| Sep 30, 2021 | 27.76 |
| Jun 30, 2021 | 27.21 |
| Mar 31, 2021 | 1,510.99 |
| Mar 31, 2020 | 29.41 |
| Dec 31, 2019 | 33.19 |
API Access
Churchill Downs EV to FCF 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-fcf&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();