Churchill Downs Incorporated (CHDN)
NASDAQ: CHDN · Real-Time Price · USD
98.18
+0.18 (0.18%)
Nov 5, 2026, 4:00 PM EST - Market closed
Churchill Downs Income Statement
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 | Sep '26 Sep 30, 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 Revenue | 3,005 | 2,926 | 2,734 | 2,462 | 1,810 | 1,597 |
| 3,005 | 2,926 | 2,734 | 2,462 | 1,810 | 1,597 | |
Revenue Growth | 4.18% | 7.01% | 11.07% | 36.02% | 13.31% | 51.54% |
Cost of Revenue | 1,979 | 1,943 | 1,796 | 1,666 | 1,243 | 1,151 |
Gross Profit | 1,026 | 982.6 | 938.5 | 795.7 | 566.4 | 446.1 |
Selling, General & Admin | 251.2 | 246.2 | 237.7 | 202.3 | 164.2 | 138.5 |
Operating Expenses | 251.2 | 246.2 | 237.7 | 202.3 | 164.2 | 138.5 |
Operating Income | 774.4 | 736.4 | 700.8 | 593.4 | 402.2 | 307.6 |
Interest Expense | -286.7 | -297.7 | -289.8 | -268.4 | -147.3 | -84.7 |
Earnings From Equity Investments | 149.4 | 139.4 | 144.9 | 146.3 | 152.7 | 143.2 |
Other Non Operating Income (Expenses) | 5.9 | 6.9 | 9.1 | 7.2 | 7 | 0.7 |
EBT Excluding Unusual Items | 643 | 585 | 565 | 478.5 | 414.6 | 366.8 |
Gain (Loss) on Sale of Assets | - | - | - | 114 | 274.6 | - |
Asset Writedown | 0.5 | -87.5 | -3.9 | -24.6 | -38.3 | -15.3 |
Other Unusual Items | -8.1 | 34.9 | 12.1 | -6.1 | -42.1 | -7.9 |
Pretax Income | 635.4 | 532.4 | 573.2 | 561.8 | 608.8 | 343.6 |
Income Tax Expense | 178.9 | 146.9 | 144.1 | 144.5 | 169.4 | 94.5 |
Earnings From Continuing Operations | 456.5 | 385.5 | 429.1 | 417.3 | 439.4 | 249.1 |
Net Income to Company | 456.5 | 385.5 | 429.1 | 417.3 | 439.4 | 249.1 |
Minority Interest in Earnings | -1.5 | -2.5 | -2.3 | - | - | - |
Net Income | 455 | 383 | 426.8 | 417.3 | 439.4 | 249.1 |
Preferred Dividends & Other Adjustments | -1 | - | - | - | - | - |
Net Income to Common | 456 | 383 | 426.8 | 417.3 | 439.4 | 249.1 |
Net Income Growth | 12.90% | -10.26% | 2.28% | -5.03% | 76.39% | - |
Shares Outstanding (Basic) | 70 | 71 | 74 | 75 | 76 | 77 |
Shares Outstanding (Diluted) | 70 | 72 | 75 | 76 | 77 | 78 |
Shares Change | -4.77% | -3.75% | -1.97% | -1.17% | -1.79% | -2.24% |
EPS (Basic) | 6.52 | 5.36 | 5.77 | 5.55 | 5.79 | 3.23 |
EPS (Diluted) | 6.47 | 5.33 | 5.72 | 5.49 | 5.71 | 3.18 |
EPS Growth | 16.86% | -6.76% | 4.21% | -3.85% | 79.56% | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 529.9 | 494.9 | 225.7 | -70.7 | 113.3 | 243.7 |
Free Cash Flow Per Share | 7.58 | 6.89 | 3.02 | -0.93 | 1.47 | 3.11 |
Dividend Per Share | 0.438 | 0.438 | 0.409 | 0.382 | 0.357 | 0.334 |
Dividend Growth | 7.09% | 7.09% | 7.07% | 7.00% | 6.89% | 7.40% |
Gross Margin | 34.13% | 33.58% | 34.32% | 32.32% | 31.30% | 27.93% |
Operating Margin | 25.77% | 25.17% | 25.63% | 24.10% | 22.22% | 19.26% |
Profit Margin | 15.17% | 13.09% | 15.61% | 16.95% | 24.28% | 15.60% |
Free Cash Flow Margin | 17.64% | 16.91% | 8.25% | -2.87% | 6.26% | 15.26% |
EBITDA | 996.7 | 956.7 | 886.9 | 751.2 | 505.2 | 400.5 |
EBITDA Margin | 33.17% | 32.70% | 32.44% | 30.51% | 27.91% | 25.07% |
D&A For EBITDA | 222.3 | 220.3 | 186.1 | 157.8 | 103 | 92.9 |
EBIT | 774.4 | 736.4 | 700.8 | 593.4 | 402.2 | 307.6 |
EBIT Margin | 25.77% | 25.17% | 25.63% | 24.10% | 22.22% | 19.26% |
Effective Tax Rate | 28.16% | 27.59% | 25.14% | 25.72% | 27.82% | 27.50% |
Revenue as Reported | 3,005 | 2,926 | 2,734 | 2,462 | 1,810 | 1,597 |