Churchill Downs Inc financials

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CHDN CIK 0000020212

Source: EDGAR filings · Built 2026-06-02T02:38:23Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 696.70M 685.50M 525.90M 460.20M 419.80M -69.40M
EBITDA 916.90M 908.10M 733.00M 435.50M 387.60M 153.10M
Working Capital -290.00M -317.00M -355.00M -277.10M 106.50M -189.10M
Net Debt 5.02B 4.83B 4.79B 4.56B 1.73B 1.60B
Operating Margin 23.37% 25.93% 22.91% 17.78% 17.81% 5.71%
Net Margin 13.09% 15.61% 16.95% 24.28% 15.60% -7.77%
Return on Equity (ROE) 37.92% 39.37% 46.70% 79.67% 81.19% -22.31%
Return on Assets (ROA) 5.12% 5.87% 6.00% 7.08% 8.35% -2.75%
Current Ratio 0.60× 0.57× 0.53× 0.55× 1.27× 0.55×
Debt-to-Equity 5.17× 4.62× 5.53× 8.50× 6.58× 4.54×
Effective Tax Rate 27.59% 25.14% 25.72% 27.83% 27.50% -66.25%
Cash Conversion Ratio 2.01× 1.81× 1.45× 1.16× 1.84× -1.73×
Accruals Ratio -0.05× -0.05× -0.03× -0.01× -0.07× -0.08×
SBC % of Revenue 1.03% 1.32% 1.34% 1.76% 1.74% 2.25%
CapEx Coverage 10.53× 8.95× 7.62× 10.09× 11.57× 0.67×
Free Cash Flow Per Share $9.70 $9.19 $6.91 $5.98 $5.35 $-1.73

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) — — 24.58× 18.51× 37.88× —
P/FCF 11.73× 14.53× 19.53× 17.69× 22.49× —
FCF Yield 8.53% 6.88% 5.12% 5.65% 4.45% —
EV / EBITDA 14.11× 16.13× 20.25× 46.78× 28.14× 60.71×
P/S 2.71× 3.59× 4.08× 8.74× 5.75× 7.30×
P/B 7.84× 9.05× 11.25× 28.68× 29.92× 20.96×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 2.93B 2.73B 2.46B 1.81B 1.60B —
Revenues — — — 1.81B 1.60B 1.05B
Selling, General and Administrative Expense 246.20M 237.70M 202.30M 164.20M 138.50M 114.80M
Operating Expenses 2.24B 2.03B 1.90B 1.49B 1.31B 993.80M
Operating Income (Loss) 683.80M 709.00M 564.00M 321.80M 284.40M 60.20M
Income Tax Expense (Benefit) 146.90M 144.10M 144.50M 169.40M 94.50M -5.30M
Net Income (Loss) Attributable to Parent 383.00M 426.80M 417.30M 439.40M 249.10M -81.90M
Earnings Per Share, Basic — — $5.55 $5.79 $3.22 $-2.07
Weighted Average Number of Shares Outstanding, Basic 71.40M 74.00M 75.20M 75.90M 77.20M 39.60M
Earnings Per Share, Diluted — — $5.49 $5.71 $3.18 $-2.08
Weighted Average Number of Shares Outstanding, Diluted 71.80M 74.60M 76.10M 77.00M 78.40M 40.10M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 201.00M 175.50M 144.50M 129.80M 291.30M 67.40M
Assets, Current 443.00M 412.30M 400.80M 344.50M 501.50M 235.10M
Assets 7.49B 7.28B 6.96B 6.21B 2.98B 2.98B
Long-term Debt — — — 4.61B 1.97B 1.62B
Liabilities, Current 733.00M 729.30M 755.80M 621.60M 395.00M 424.20M
Long-term Debt, Excluding Current Maturities 5.07B 4.84B 4.77B 4.56B 1.96B 1.62B
Liabilities 6.43B 6.17B 6.06B 5.66B 2.67B 2.32B
Stockholders' Equity Attributable to Parent 1.01B 1.08B 893.60M 551.50M 306.80M 367.10M
Common Stock, Shares, Outstanding 69.60M 73.50M 74.50M 74.80M 38.10M 39.50M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities — — — — — 141.90M
Net Cash Provided by (Used in) Investing Activities -471.50M -545.20M -718.00M -3.10B -100.40M -239.40M
Payments for Repurchase of Common Stock 427.80M 186.00M 55.90M 174.90M 297.50M 28.40M
Payments of Dividends 30.80M 29.20M 27.10M 26.00M 24.80M 23.40M
Net Cash Provided by (Used in) Financing Activities -262.50M -196.60M 129.30M 2.42B -500.00K 76.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (CHDN CIK 0000020212), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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