Churchill Downs (CHDN) vs Warner Music Group (WMG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Warner Music Group (WMG) has outperformed Churchill Downs (CHDN) over the past year, losing 11.5% versus a loss of 17.7%. Over five years, WMG leads with a -38.7% price change compared with -40.1% for CHDN. Warner Music Group is the larger company by market cap ($15.02 billion vs $5.57 billion), about 2.7 times the size, while Churchill Downs is growing revenue faster (+7.0% vs +4.4%).
On valuation, Churchill Downs trades at a lower forward P/E (10.8x vs 14.6x for Warner Music Group). Warner Music Group offers the higher dividend yield (2.65% vs 0.55%). Churchill Downs converts more of its revenue into profit, with a net margin of 13.1% versus 5.4%.
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 | WMG |
|---|---|---|
| Share price | $79.96 | $28.72 |
| Market cap | $5.57B | $15.02B |
| 1-day change | +4.99% | -0.66% |
| YTD return | -33.06% | -5.74% |
| 1-year return | -17.72% | -11.45% |
| 5-year return | -40.08% | -38.66% |
| P/E ratio (TTM) | 13.65 | 22.98 |
| Forward P/E | 10.83 | 14.59 |
| EPS (TTM) | $5.86 | $1.25 |
| Dividend yield | 0.55% | 2.65% |
| Annual dividend | $0.438 | $0.76 |
| Revenue (latest FY) | $2.93B | $6.71B |
| Revenue growth (YoY) | +7.01% | +4.37% |
| Net income (latest FY) | $383.00M | $365.00M |
| Gross margin | — | 45.85% |
| Operating margin | 23.37% | 10.35% |
| Net margin | 13.09% | 5.44% |
| 52-week high | $118.35 | $35.42 |
| 52-week low | $73.09 | $23.34 |
| Distance from 52-week high | -32.44% | -18.92% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +63.62% | +31.65% |
| Average volume | 1.07M | 2.07M |
| Shares outstanding | 69.70M | 147.73M |
| Employees | 6,600 | 5,500 |
| 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
- Warner Music Group is about 2.7 times larger than Churchill Downs by market value ($15.02B vs $5.57B).
- Warner Music Group trades at a higher earnings multiple (23.0x vs 13.6x trailing P/E).
- Warner Music Group offers a meaningfully higher dividend yield (2.65% vs 0.55%).
- Churchill Downs is more profitable, keeping 13.1 cents of every revenue dollar as net income versus 5.4 cents for Warner Music Group.
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 Warner Music Group
WMG stock →Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 5,500 employees
CHDN vs WMG FAQ
Which is bigger, Churchill Downs or Warner Music Group?
Warner Music Group (WMG) is larger, with a market capitalization of $15.02B compared with $5.57B for Churchill Downs (CHDN).
Which stock has performed better over the past year, CHDN or WMG?
WMG returned -11.45% over the past 12 months, compared with -17.72% for CHDN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CHDN or WMG?
CHDN has the lower trailing P/E at 13.6, versus 23.0 for WMG. 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 Warner Music Group?
Warner Music Group has the higher yield at 2.65%, compared with 0.55% for Churchill Downs.
Are Churchill Downs and Warner Music Group in the same industry?
Yes. Both are classified in the Services-Misc. Amusement & Recreation industry within the Consumer Discretionary sector.