Flutter [FLUT] vs Churchill Downs [CHDN] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Flutter Entertainment plc wins in 8 metrics, Churchill Downs Inc. wins in 12 metrics, with 0 ties. Churchill Downs Inc. appears stronger overall.

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Vital Metrics Comparison

Metric Flutter Entertainment plc Churchill Downs Inc. Better
P/E Ratio (TTM) 114.93 18.03 Churchill Downs Inc.
Price-to-Book Ratio 2.07 6.75 Flutter Entertainment plc
Debt-to-Equity Ratio 132.73 430.77 Flutter Entertainment plc
PEG Ratio -1.03 1.31 Churchill Downs Inc.
EV/EBITDA 14.25 12.08 Churchill Downs Inc.
Profit Margin (TTM) -1.89% 13.21% Churchill Downs Inc.
Operating Margin (TTM) 6.38% 21.72% Churchill Downs Inc.
EBITDA Margin (TTM) 6.38% 21.72% Churchill Downs Inc.
Return on Equity -3.88% 35.00% Churchill Downs Inc.
Return on Assets (TTM) 1.43% 6.28% Churchill Downs Inc.
Free Cash Flow (TTM) $407.00M $309.60M Flutter Entertainment plc
Dividend Yield N/A 0.82% N/A
1-Year Return -58.18% -9.29% Churchill Downs Inc.
Price-to-Sales Ratio (TTM) 1.13 2.32 Flutter Entertainment plc
Enterprise Value $30.37B $11.63B Flutter Entertainment plc
EV/Revenue Ratio 1.85 3.95 Flutter Entertainment plc
Gross Profit Margin (TTM) 44.54% 30.62% Flutter Entertainment plc
Revenue per Share (TTM) $93 $42 Flutter Entertainment plc
Earnings per Share (Diluted) $-1.75 $5.43 Churchill Downs Inc.
Beta (Stock Volatility) 1.16 0.65 Churchill Downs Inc.
Short % of Float 5.63% 3.83% Churchill Downs Inc.

Flutter Entertainment plc vs Churchill Downs Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Flutter Entertainment plc-1.51%3.84%17.97%0.29%-50.40%-50.07%
Churchill Downs Inc.6.17%6.29%6.42%7.08%-21.51%-17.55%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Flutter Entertainment plc-58.18%-45.55%-40.99%-8.93%33.31%33.31%
Churchill Downs Inc.-9.29%-36.26%-9.31%338.43%1,117.65%1,293.27%

Performance & Financial Health Analysis: Flutter Entertainment plc vs Churchill Downs Inc.

MetricFLUTCHDN
Market Information
Market Cap i$18.45B$7.08B
Market Cap CategoryLarge capMid cap
10 Day Avg. Volume i2,981,3981,066,941
90 Day Avg. Volume i2,942,323934,170
Last Close$108.98$92.30
52 Week Range$91.52 - $313.68$80.24 - $118.46
% from 52W High-65.26%-22.08%
All-Time High$313.68 (Aug 07, 2025)$150.45 (May 01, 2023)
% from All-Time High-65.26%-38.65%
Growth Metrics
Quarterly Revenue Growth0.25%0.03%
Quarterly Earnings Growth0.25%0.08%
Financial Health
Profit Margin (TTM) i-0.02%0.13%
Operating Margin (TTM) i0.06%0.22%
Return on Equity (TTM) i-0.04%0.35%
Debt to Equity (MRQ) i132.73430.77
Cash & Liquidity
Book Value per Share (MRQ)$51.58$14.51
Cash per Share (MRQ)$10.56$2.86
Operating Cash Flow (TTM) i$1.18B$817.80M
Levered Free Cash Flow (TTM) i$1.15B$133.11M
Dividends
Last 12-Month Dividend Yield iN/A0.82%
Last 12-Month Dividend iN/A$0.85

Valuation & Enterprise Metrics Analysis: Flutter Entertainment plc vs Churchill Downs Inc.

MetricFLUT (Apr 24, 2026)CHDN (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i114.9318.03
Forward P/E i10.8713.44
PEG Ratio i-1.031.31
Price to Sales (TTM) i1.132.32
Price to Book (MRQ) i2.076.75
Market Capitalization
Market Capitalization i$18.45B$7.08B
Enterprise Value i$30.37B$11.63B
Enterprise Value Metrics
Enterprise to Revenue i1.853.95
Enterprise to EBITDA i14.2512.08
Risk & Other Metrics
Beta i1.160.65
Book Value per Share (MRQ) i$51.58$14.51

Financial Statements Comparison: Flutter Entertainment plc vs Churchill Downs Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricFLUT (2025)CHDN (2025)
Revenue/Sales i16.38B2.93B
Cost of Goods Sold i8.98B1.94B
COGS % of Revenue i54.8%66.4%
Gross Profit i7.40B982.60M
Gross Margin i45.2%33.6%
Research & Development i991.00MN/A
Operating Income (EBIT) i553.00M736.40M
Operating Margin i3.4%25.2%
EBITDA i1.71B1.12B
EBITDA Margin i10.4%38.4%
Pre-Tax Income i-121.00M532.40M
Pre-Tax Income % of Revenue i-0.7%18.2%
Income Tax i286.00M146.90M
Income Tax % of Revenue i1.7%5.0%
Net Income (Profit) i-407.00M385.50M
Profit Margin i-2.5%13.2%

Balance Sheet & Liquidity Metrics

MetricFLUT (2025)CHDN (2025)
Cash & Equivalents i3.76B200.60M
Total Current Assets i4.80B443.20M
Total Current Assets % of Revenue i29.3%15.1%
Total Current Liabilities i5.04B733.30M
Total Current Liabilities % of Revenue i30.8%25.1%
Long-Term Debt i12.63B5.07B
Long-Term Debt % of Revenue i77.1%173.2%
Total Shareholders Equity i9.70B1.06B
Retained Earnings i8.12B1.01B
Retained Earnings % of Revenue i49.6%34.5%
Property, Plant & Equipment i898.00M1.40B

Cash Flow Statement Comparison

MetricFLUT (2025)CHDN (2025)
Operating Cash Flow i-724.00M705.70M
Operating Cash Flow % of Revenue i-4.4%24.1%
Capital Expenditures i-105.00MN/A
Free Cash Flow i407.00M309.60M
FCF Margin i2.5%10.6%
Debt Repayment i-5.61B-881.70M
Common Stock Repurchase i-1.12B-427.80M

Short Interest & Institutional Ownership Analysis

MetricFLUTCHDN
Shares Short i9.82M2.51M
Short Ratio i2.892.55
Short % of Float i5.63%3.83%
Shares Outstanding i175.22M69.70M
Float Shares i130.92M66.06M
% Held by Insiders i18.87%5.97%
% Held by Institutions i92.02%81.34%
% Held by Public i-10.89%12.69%

Dividend Analysis & Yield Comparison: Flutter Entertainment plc vs Churchill Downs Inc.

MetricFLUTCHDN
Last 12-Month Dividend iN/A$0.85
Last 12-Month Dividend Yield iN/A0.82%
3-Year Avg Annual Dividend iN/A$0.53
3-Year Avg Dividend Yield iN/A0.34%
3-Year Total Dividends iN/A$1.59
Ex-Dividend DateN/ADec 05, 2025