Churchill Downs Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 4, 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
Market Cap	6,374	7,919	9,815	10,052	7,908	9,178
Market Cap Growth	-14.19%	-19.32%	-2.36%	27.12%	-13.84%	19.28%
Enterprise Value	11,310	12,831	14,504	14,676	12,337	10,848
Last Close Price	91.45	113.78	133.54	134.93	105.72	120.45
PE Ratio	17.97	21.51	23.51	24.58	18.51	37.88
Forward PE	14.36	17.86	19.59	23.51	16.92	26.39
PEG Ratio	0.69	2.15	2.15	2.15	2.15	2.15
PS Ratio	2.21	2.71	3.59	4.08	4.37	5.75
PB Ratio	6.27	7.84	9.06	11.25	14.34	29.92
P/TBV Ratio	5.92	8.09	9.19	11.49	14.76	30.78
P/FCF Ratio	11.52	16.00	43.68	-141.18	90.58	24.96
P/OCF Ratio	7.94	10.29	12.72	16.61	15.48	19.97
EV/Sales Ratio	3.84	4.39	5.30	5.96	6.82	6.79
EV/EBITDA Ratio	11.75	13.90	15.87	19.85	27.99	27.61
EV/EBIT Ratio	15.17	18.76	20.46	26.02	38.34	38.14
EV/FCF Ratio	20.06	25.93	64.55	-206.12	141.32	29.50
Debt / Equity Ratio	4.25	4.80	4.39	5.34	8.27	6.39
Debt / EBITDA Ratio	5.30	5.56	5.37	6.54	10.45	5.01
Debt / FCF Ratio	8.74	10.37	21.84	-67.93	52.76	5.35
Net Debt / Equity Ratio	4.31	4.88	4.37	5.25	8.12	5.47
Net Debt / EBITDA Ratio	5.09	5.34	5.18	6.35	10.15	4.27
Net Debt / FCF Ratio	8.39	9.96	21.06	-65.90	51.27	4.56
Asset Turnover	0.39	0.40	0.38	0.37	0.39	0.56
Quick Ratio	0.36	0.42	0.40	0.35	0.36	1.01
Current Ratio	0.54	0.60	0.57	0.53	0.55	1.27
Return on Equity (ROE)	35.57%	35.71%	42.98%	57.75%	102.39%	73.93%
Return on Assets (ROA)	6.59%	6.71%	7.46%	6.37%	5.06%	7.28%
Return on Invested Capital (ROIC)	7.37%	7.49%	8.33%	7.10%	5.85%	8.67%
Return on Capital Employed (ROCE)	10.33%	10.28%	11.12%	9.57%	7.88%	11.73%
Earnings Yield	5.97%	4.65%	4.25%	4.07%	5.40%	2.64%
FCF Yield	8.68%	6.25%	2.29%	-0.71%	1.10%	4.01%
Dividend Yield	0.48%	0.38%	0.30%	0.27%	0.32%	0.27%
Payout Ratio	7.98%	7.99%	6.80%	6.49%	5.92%	9.96%
Buyback Yield / Dilution	4.87%	3.75%	1.97%	1.17%	1.79%	2.24%
Total Shareholder Return	5.35%	4.13%	2.27%	1.44%	2.11%	2.51%

Updated Apr 22, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q