COMP <GO>
MTN vs CHDN // 10Y YIELD & FRED MACRO BETA
Vail Resorts Inc. (NYSE) VS. Churchill Downs Incorporated (NASDAQ) • 15-METRIC TALLY: MTN 6
— CHDN 6
▲ 10Y YIELD & FRED MACRO BETA LEADER: MTN
LAST: $151.83 (-1.75%) • MKT CAP: $5.51B
macro-sensitivity
1.07
LAST: $94.83 (+4.03%) • MKT CAP: $6.25B
macro-sensitivity
0.93
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MTN VS. CHDN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MTN | CHDN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 22.10% | 9.20% | +12.90 | MTN | /roic <GO> |
| EV/EBITDA & P/E Valuation | 10.7x | 14.0x | -3.30 | MTN | /valuation <GO> |
| Free Cash Flow Yield | 7.65% | 4.88% | +2.77 | MTN | /fcf-yield <GO> |
| Operating Margin | 18.90% | 23.40% | -4.50 | CHDN | /operating-margins <GO> |
| Net Profit Margin | 10.10% | 13.10% | -3.00 | CHDN | /net-margins <GO> |
| Revenue Growth (YoY) | 2.70% | 7.00% | -4.30 | CHDN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 5.96% | 0.49% | +5.47 | MTN | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.56 | 1.42 | +0.14 | MTN | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 6/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 61.3 | 63.9 | -2.60 | CHDN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.07 | 0.93 | +0.14 | MTN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 17.2x | 15.2x | +2.00 | CHDN | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.51B | $6.25B | -$742.1M | CHDN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MTN REV | CHDN REV | MTN GROSS % | CHDN GROSS % | MTN FCF | CHDN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.96B | $2.93B | — | — | $421.5M | — |
| FY 2024 | $2.89B | $2.73B | — | — | $459.2M | — |
| FY 2023 | $2.89B | $2.46B | — | — | $507.8M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MTN // BETA 1.07
CHDN // BETA 0.93