Churchill Downs (CHDN) vs Madison Square Garden Entertainment (MSGE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Madison Square Garden Entertainment (MSGE) has outperformed Churchill Downs (CHDN) over the past year, gaining 88.5% versus a loss of 19.2%. Churchill Downs is the larger company by market cap ($5.15 billion vs $3.88 billion), about 1.3 times the size, while Madison Square Garden Entertainment is growing revenue faster (+12.5% vs +7.0%). On valuation, Churchill Downs trades at a lower forward P/E (10.0x vs 28.2x for Madison Square Garden Entertainment).
Churchill Downs pays a dividend yielding 0.59%, while Madison Square Garden Entertainment does not currently pay one. Churchill Downs converts more of its revenue into profit, with a net margin of 13.1% versus 6.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CHDN | MSGE |
|---|---|---|
| Share price | $73.95 | $82.00 |
| Market cap | $5.15B | $3.88B |
| 1-day change | -5.45% | +2.51% |
| YTD return | -35.01% | +52.16% |
| 1-year return | -19.19% | +88.46% |
| 5-year return | -41.82% | — |
| P/E ratio (TTM) | 12.62 | 59.42 |
| Forward P/E | 10.01 | 28.23 |
| EPS (TTM) | $5.86 | $1.38 |
| Dividend yield | 0.59% | 0.00% |
| Annual dividend | $0.438 | $0.00 |
| Revenue (latest FY) | $2.93B | $1.06B |
| Revenue growth (YoY) | +7.01% | +12.52% |
| Net income (latest FY) | $383.00M | $66.19M |
| Operating margin | 23.37% | 13.34% |
| Net margin | 13.09% | 6.24% |
| 52-week high | $118.35 | $90.41 |
| 52-week low | $73.44 | $41.65 |
| Distance from 52-week high | -37.52% | -9.30% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +76.92% | +11.74% |
| Average volume | 1.05M | 429.30K |
| Shares outstanding | 69.70M | 40.44M |
| Employees | 6,600 | 1,060 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Services-Misc. Amusement & Recreation | Services-Misc. Amusement & Recreation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MSGE has outperformed CHDN by 107.7 percentage points over the past year.
- Madison Square Garden Entertainment trades at a higher earnings multiple (59.4x vs 12.6x trailing P/E).
- Churchill Downs is more profitable, keeping 13.1 cents of every revenue dollar as net income versus 6.2 cents for Madison Square Garden Entertainment.
- Madison Square Garden Entertainment grew revenue faster in its latest fiscal year (+12.52% vs +7.01%).
About Churchill Downs
CHDN stock →Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 6,600 employees
About Madison Square Garden Entertainment
MSGE stock →Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business. The company produces, presents, and hosts live entertainment events, such as concerts, sporting events, family shows, family shows, performing arts events, and special events.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 1,060 employees
CHDN vs MSGE FAQ
Which is bigger, Churchill Downs or Madison Square Garden Entertainment?
Churchill Downs (CHDN) is larger, with a market capitalization of $5.15B compared with $3.88B for Madison Square Garden Entertainment (MSGE).
Which stock has performed better over the past year, CHDN or MSGE?
MSGE returned +88.46% over the past 12 months, compared with -19.19% for CHDN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CHDN or MSGE?
CHDN has the lower trailing P/E at 12.6, versus 59.4 for MSGE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Churchill Downs or Madison Square Garden Entertainment?
Churchill Downs pays a dividend yielding 0.59%, while Madison Square Garden Entertainment does not currently pay a regular dividend.
Are Churchill Downs and Madison Square Garden Entertainment in the same industry?
Yes. Both are classified in the Services-Misc. Amusement & Recreation industry within the Consumer Discretionary sector.