Churchill Downs Incorporated (CHDN)
NASDAQ: CHDN · Real-Time Price · USD
88.17
+1.67 (1.93%)
Jul 27, 2026, 4:00 PM EDT - Market closed
Churchill Downs Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 2,946 | 2,926 | 2,734 | 2,462 | 1,810 | 1,597 |
Revenue Growth | 5.74% | 7.01% | 11.07% | 36.02% | 13.31% | 51.54% |
Gross Profit Gross Profit Growth | 996.1 | 982.6 | 938.5 | 795.7 | 566.4 | 446.1 |
Operating Income Operating Income Growth | 692.2 | 683.8 | 709 | 564 | 321.8 | 284.4 |
Net Income Net Income Growth | 254.8 | 385.5 | 429.1 | 417.3 | 439.4 | 249.1 |
Earnings Per Share EPS Growth | 5.40 | 5.29 | 5.68 | 5.49 | 5.71 | 3.18 |
EPS Growth | -3.91% | -6.87% | 3.46% | -3.85% | 79.56% | 1827.27% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Pari-Mutuel Live and Simulcast Racing Pari-Mutuel Live and Simulcast Racing Growth | 491.5 | 491.5 | 469.9 | 468.2 | 462.3 | 502.6 |
Pari-Mutuel Historical Racing Pari-Mutuel Historical Racing Growth | 1,028 | 1,017 | 891.9 | 767.7 | 383.9 | 253 |
Racing Event-Related Services Racing Event-Related Services Growth | 184.9 | 185 | 194.6 | 152.3 | 131.6 | 76.7 |
Gaming Services Gaming Services Growth | 924.8 | 917.7 | 885.9 | 832.2 | 679.1 | 656.8 |
Other Services Other Services Growth | 317 | 314.5 | 291.9 | 241.3 | 152.9 | 108.1 |
Revenue (Total) Revenue (Total) Growth | 2,946 | 2,926 | 2,734 | 2,462 | 1,810 | 1,597 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 200 | 201 | 175.5 | 144.5 | 129.8 | 291.3 |
Total Debt Total Debt Growth | 4,928 | 5,130 | 4,907 | 4,836 | 4,606 | 1,968 |
Net Cash (Debt) Net Cash Growth | -4,728 | -4,929 | -4,732 | -4,692 | -4,476 | -1,677 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -66.69 | -68.65 | -63.43 | -61.65 | -58.13 | -21.39 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 817.8 | 769.8 | 771.7 | 605.3 | 510.8 | 459.5 |
Capital Expenditures CapEx Growth | -254.3 | -274.9 | -547 | -676.5 | -423.5 | -91.8 |
Free Cash Flow Free Cash Flow Growth | 563.5 | 494.9 | 224.7 | -71.2 | 87.3 | 367.7 |
Free Cash Flow Growth | 92.98% | 120.25% | - | - | -76.26% | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 33.81% | 33.58% | 34.32% | 32.32% | 31.30% | 27.93% |
Operating Margin | 23.49% | 23.37% | 25.93% | 22.91% | 17.78% | 17.81% |
Pretax Margin | 18.65% | 18.20% | 20.96% | 22.82% | 33.64% | 21.51% |
Profit Margin | 8.72% | 13.18% | 15.69% | 16.95% | 24.28% | 15.60% |
FCF Margin | 19.13% | 16.91% | 8.22% | -2.89% | 4.82% | 23.02% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 28, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 0.438 | 0.438 | 0.409 | 0.382 | 0.357 | 0.334 |
Dividend Per Share Growth | 7.09% | 7.09% | 7.07% | 7.00% | 6.89% | 7.40% |
Dividend Yield | 0.50% | 0.38% | 0.30% | 0.27% | 0.32% | 0.27% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 28, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 16.06 | 21.51 | 23.51 | 24.58 | 18.51 | 37.88 |
Forward PE | 12.72 | 17.86 | 19.59 | 23.51 | 16.92 | 26.39 |
P/FCF Ratio | 10.90 | 16.00 | 43.68 | - | 90.58 | 24.96 |
PS Ratio | 2.09 | 2.71 | 3.59 | 4.08 | 4.37 | 5.75 |