Company research / CHDN

Churchill Downs Inc (CHDN)

CIK 0000020212 · Nasdaq · Services-Racing, Including Track Operation

  • Sector Services
  • Incorporated KY
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Churchill Downs Inc reported revenue of $2.93B. Revenue grew 7.0% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.99B.

Key ratios (year ended 2025-12-31)

23.4%
Operating margin
13.1%
Net margin
37.9%
Return on year-end equity
7.0%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-02

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 3-for-1, first reflected in a filing dated 2019-02-27; 2-for-1, first reflected in a filing dated 2023-07-26. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.99B$2.93B$2.73B$2.46B$1.81B$1.60B$1.05B$1.33B$1.01B$882.60M$822.40M
R&D Expensen/an/an/an/an/an/an/an/an/an/a$39.00M
Operating Incomen/a$683.80M$709.00M$564.00M$321.80M$284.40M$60.20M$215.70M$188.80M$145.70M$172.50M
Depreciation & Amortization$231.10M$233.10M$199.10M$169.00M$113.70M$103.20M$92.90M$96.40M$63.60M$97.10M$108.60M
EBITDAn/a$916.90M$908.10M$733.00M$435.50M$387.60M$153.10M$312.10M$252.40M$242.80M$281.10M
Net Incomen/a$383.00M$426.80M$417.30M$439.40M$249.10M-$81.90M$137.50M$352.80M$140.50M$108.10M
EPS (Diluted)n/an/an/a$5.49$5.71$3.18-$2.08$3.38$8.48$2.92$2.14
Total Assets$7.52B$7.48B$7.28B$6.96B$6.21B$2.98B$2.69B$2.55B$1.73B$2.36B$2.25B
Total Liabilities$6.13B$6.43B$6.17B$6.06B$5.66B$2.67B$2.32B$2.04B$1.25B$1.72B$1.57B
Long-Term Debtn/an/an/an/a$4.61B$1.97B$1.62B$1.47B$884.30M$1.13B$921.70M
Shareholders' Equity$1.34B$1.01B$1.08B$893.60M$551.50M$306.80M$367.10M$508.30M$473.30M$640.30M$685.00M
Cash & Equivalents$196.00M$200.60M$175.50M$144.50M$129.80M$291.30M$67.40M$96.20M$133.30M$51.70M$45.30M
Operating Cash Flown/a$769.80M$771.70M$605.30M$510.80M$459.50M$143.20M$292.50Mn/an/an/a
Capital Expendituresn/an/an/an/an/an/an/an/a$29.60M$33.30M$30.90M
Share Repurchasesn/a$427.80M$186.00M$55.90M$174.90M$297.50M$28.40M$95.00M$531.40M$180.90M$39.00M
Dividends Paidn/a$30.80M$29.20M$27.10M$26.00M$24.80M$23.40M$22.20M$23.70M$21.50M$19.10M
Shares Outstandingn/a69.60M73.50M74.50M74.80M38.10M39.50M39.70M40.40M46.20M16.50M
Dividends Per Sharen/a$0.44$0.41$0.38$0.36$0.33$0.62$0.58$0.54$0.51$0.44
Weighted Average Diluted Sharesn/a71.80M74.60M76.10M77.00M78.40M40.10M40.60M41.60M48.00M50.50M
EPS (Basic)n/an/an/a$5.55$5.79$3.22-$2.07$3.43$8.54$2.97$2.17

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