Churchill Downs (CHDN) EV to FCF (2009 - 2026)
Churchill Downs' EV to FCF was 9.52 in Q3 2026, down 35.3% from 14.72 a year earlier and down 11.4% from the prior quarter.
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Analysis
Churchill Downs (CHDN) EV to FCF (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Churchill Downs' EV to FCF was 8.39 through Sep 30, 2026, down 38.0% year-over-year; for FY2025, it came in at 15.69, down 63.5% from FY2024.
- In earlier years, EV to FCF was 42.99 in FY2024, 89.09 in FY2022 (+268.6%) and 24.17 in FY2021.
- The Q3 2026 figure marks the lowest quarterly EV to FCF since Q3 2012.
- Compared with a year earlier, EV to FCF has declined for six straight quarters, with an average decline of 62.6% over the last six quarters.
- The best year-over-year quarter for EV to FCF over five years was Q1 2023 (growth of 364.7%); the worst was Q1 2022 (a decline of 98.5%).
- Per Business Quant data, CHDN's EV to FCF in the three quarters before Q3 2026 was 10.74 (Q2 2026), 10.83 (Q1 2026) and 15.69 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Wynn Resorts | 43.71 Bn | 37.08 Bn | 655.12 Mn |
| 2 | Vail Resorts | 27.65 Bn | 26.37 Bn | - |
| 3 | Las Vegas Sands | 25.32 Bn | 12.14 Bn | 1.47 Bn |
| 4 | DraftKings | 16.83 Bn | 12.62 Bn | 429.05 Mn |
| 5 | Flutter Entertainment | 14.10 Bn | 7.73 Bn | 1.52 Bn |
| 6 | Life Time Group Holdings | 10.44 Bn | 9.61 Bn | 419.01 Mn |
| 7 | MGM Resorts International | 8.43 Bn | -8.70 Mn | 1.73 Bn |
| 8 | MSG Knickerbockers | 7.58 Bn | 7.19 Bn | 36.67 Mn |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn |
| 10 | Churchill Downs | 6.84 Bn | 6.10 Bn | 207.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.52 |
| 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 |
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();