CHDN · Churchill Downs Inc
Market Cap
$6.27B
Shares
69.70M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$2.93B
+7%
FY2025
Net Income
$383M
-10.3%
FY2025
Operating Margin
23.37%
-2.6pp
FY2025
Diluted EPS
$5.49
-3.9%
FY2023
Operating Cash Flow
$769.8M
-0.2%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.99B | $2.93B | $2.73B | $2.46B | $1.81B | $1.6B | $1.05B | $1.33B | $1.01B | $882.6M | $822.4M | $0 | $0 | $0 | $0 | $0 | — | — | |
| -$292.7M | -$297.7M | -$289.8M | -$268.4M | -$147.3M | -$84.7M | -$80M | -$70.9M | — | — | -$43.7M | -$28.6M | -$20.8M | -$6.12M | -$4.44M | -$8.46M | -$5.99M | — | |
| $39.6M | — | — | — | — | — | — | — | — | — | $39M | $39.4M | $0 | $0 | — | — | — | — | |
| $250.2M | $246.2M | $237.7M | $202.3M | $164.2M | $138.5M | $114.8M | $122M | $90.6M | $83.5M | $79.4M | $75.6M | $76M | $83.07M | $73.83M | $65.5M | $62.43M | $50.95M | |
| — | $10.3M | $11.1M | $7.2M | $4.7M | $4.8M | $4.9M | $15M | $6M | $6.8M | $9.4M | $10.5M | $13.3M | $12.2M | $11.2M | $11.9M | $9.9M | — | |
| $231.1M | $233.1M | $199.1M | $169M | $113.7M | $103.2M | $92.9M | $96.4M | $63.6M | $97.1M | $108.6M | $109.7M | $68.3M | $61.75M | $55.6M | $55.17M | $46.52M | $30.26M | |
| $2.27B | $2.24B | $2.03B | $1.9B | $1.49B | $1.31B | $993.8M | $1.11B | $820.2M | $736.9M | $649.9M | $672.3M | $721.8M | — | — | — | — | — | |
| $721.8M | $683.8M | $709M | $564M | $321.8M | $284.4M | $60.2M | $215.7M | $188.8M | $145.7M | $172.5M | $126.3M | $90.4M | $90.1M | $96.55M | $81.01M | $31.57M | $34.73M | |
| — | 23.37% | 25.93% | 22.91% | 17.78% | 17.81% | 5.71% | 16.22% | 18.71% | 16.51% | 20.98% | — | — | — | — | — | — | — | |
| $952.9M | $916.9M | $908.1M | $733M | $435.5M | $387.6M | $153.1M | $312.1M | $252.4M | $242.8M | $281.1M | $236M | $158.7M | $151.85M | $152.15M | $136.18M | $78.09M | $64.99M | |
| $292.7M | $297.7M | $289.8M | $268.4M | $147.3M | $84.7M | $80M | $70.9M | $40.1M | $49.3M | $43.7M | $28.6M | $20.8M | $6.23M | $4.53M | $8.92M | $6.18M | $1.66M | |
| -$158K | — | — | — | — | — | — | — | — | — | — | $42K | $20K | $112K | $90K | $468K | $185K | $896K | |
| -$136.4M | -$151.4M | -$135.8M | -$2.2M | $287M | $59.2M | -$52.2M | -$19.3M | $45.1M | -$43.2M | -$25.1M | -$10.9M | -$13.9M | -$4.59M | -$5.32M | $14.07M | -$3.67M | -$217K | |
| $146.4M | $139.4M | $144.9M | $146.3M | $152.7M | $143.2M | $27.7M | $50.6M | $29.6M | $25.5M | $17.4M | $11.2M | $6.3M | -$4.14M | -$1.7M | -$1.11M | -$571K | -$960K | |
| $585.4M | $532.4M | $573.2M | $561.8M | $608.8M | $343.6M | $8M | $196.4M | $233.9M | $102.5M | $147.4M | $115.4M | $76.5M | $85.51M | $91.23M | $95.08M | $27.9M | $34.52M | |
| $169.9M | $146.9M | $144.1M | $144.5M | $169.4M | $94.5M | -$5.3M | $56.8M | $51.3M | -$19.9M | $50.7M | $44.6M | $30.1M | $30.47M | $33.08M | $34.29M | $8.34M | $16.84M | |
| $413M | $383M | $426.8M | $417.3M | $439.4M | $249.1M | -$81.9M | $137.5M | $352.8M | $140.5M | $108.1M | $65.2M | $46.4M | $54.9M | $58.28M | $64.36M | $16.35M | $16.83M | |
| — | 13.09% | 15.61% | 16.95% | 24.28% | 15.6% | -7.77% | 10.34% | 34.97% | 15.92% | 13.14% | — | — | — | — | — | — | — | |
| $2.5M | $2.5M | $2.3M | $0 | $0 | $0 | -$200K | -$300K | $0 | $0 | — | — | — | — | — | — | — | — | |
| $407.7M | $379.7M | $423.8M | $417.3M | $439.4M | $249.1M | -$81.9M | $137.5M | $352.8M | $140.4M | $107.1M | $64.6M | $46.1M | $54.03M | $57.76M | $63.18M | $16.12M | — | |
| $342M | — | — | $417.3M | $439.4M | $249.1M | -$81.9M | $137.5M | $353.2M | $140.4M | $107.5M | $64.7M | $46.3M | $54.9M | $58.28M | — | — | — | |
| USD/shares | — | — | — | $5.55 | $5.79 | $3.22 | -$1.04 | $1.72 | $4.27 | $1.49 | $1.09 | $1.88 | $1.34 | $1.56 | $1.70 | $1.90 | $0.53 | $0.61 |
| USD/shares | — | — | — | $5.49 | $5.71 | $3.18 | -$1.04 | $1.69 | $4.24 | $1.46 | $1.07 | $1.86 | $1.32 | $1.53 | $1.67 | $1.88 | $0.53 | $0.61 |
| shares | — | 71.4M | 74M | 75.2M | 75.9M | 77.2M | 79.2M | 80.2M | 82.6M | 94.4M | 98.6M | 34.4M | 34.6M | 34.59M | 34.09M | 33.28M | 30.37M | 27.16M |
| shares | — | 71.8M | 74.6M | 76.1M | 77M | 78.4M | 80.2M | 81.2M | 83.2M | 96M | 101M | 35.2M | 35.2M | 35.88M | 34.95M | 34.25M | 31.33M | 28.08M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $2.26B in buybacks, $324.57M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Gambling median 1.66×
EV/EBIT
—
Gambling median 11.21×
P/E (TTM)
—
Gambling median 17.69×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Live and Historical Racing | $1,442,400,000 | $1,267,000,000 | $1,084,600,000 | $646,400,000 | $430,600,000 | $169,600,000 | $292,200,000 | — |
| Gaming Segment | $1,049,300,000 | $1,045,400,000 | $974,600,000 | $761,800,000 | $698,400,000 | $437,800,000 | $687,300,000 | $449,500,000 |
| Wagering Services and Solutions | $526,300,000 | $500,700,000 | $458,400,000 | $441,600,000 | — | — | — | — |
| Churchill Downs | — | — | — | — | — | $142,800,000 | $274,200,000 | $195,800,000 |
| Online Wagering | — | — | — | — | — | $408,300,000 | $290,500,000 | $290,200,000 |
| Twin Spires | — | — | $458,400,000 | $441,600,000 | $457,800,000 | $430,100,000 | $295,600,000 | — |
By Geography (USD)
| Component | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| VA | $375,400,000 | $62,400,000 | $0 |
| Churchill Downs Racetrack | $205,800,000 | $196,800,000 | $128,100,000 |
| Louisville Property | $189,000,000 | $169,900,000 | $154,300,000 |
| NY | $180,500,000 | $30,900,000 | $0 |
| Southwestern Kentucky | $147,800,000 | $131,400,000 | $100,700,000 |
| LA | $145,600,000 | $140,800,000 | $133,600,000 |
| PA | $123,900,000 | $140,900,000 | $144,100,000 |
| ME | $114,100,000 | $114,400,000 | $99,800,000 |
| MD | $106,900,000 | $105,300,000 | $100,600,000 |
| MS | $100,900,000 | $101,800,000 | $117,300,000 |
| FL | $100,700,000 | $106,200,000 | $100,000,000 |
| IA | $96,000,000 | $15,600,000 | $0 |
| Northern Kentucky | $85,800,000 | $46,100,000 | $26,000,000 |
| Western Kentucky | $31,800,000 | $4,500,000 | $0 |
| NH | $11,700,000 | $3,500,000 | $0 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Live and Historical Racing | $1,394,700,000 | $1,225,600,000 | $1,047,300,000 | $614,600,000 | $409,100,000 | $169,600,000 | $276,700,000 | — |
| Gaming | $1,042,900,000 | $1,039,100,000 | $968,600,000 | $755,900,000 | $695,400,000 | $435,300,000 | $687,300,000 | $449,500,000 |
| Wagering Services and Solutions | $488,200,000 | $469,500,000 | $444,900,000 | $436,400,000 | — | — | — | — |
| Product And Service Other | $100,000 | $100,000 | $900,000 | $2,900,000 | $41,300,000 | $19,000,000 | $70,100,000 | $73,500,000 |
| Churchill Downs | — | — | — | — | — | — | — | $195,800,000 |
| Online Wagering | — | — | — | — | — | — | — | $290,200,000 |
| Twin Spires | — | — | — | — | $451,400,000 | $430,100,000 | $295,600,000 | — |
Key facts
CIK
20212
CUSIP
171484108
13F (30d)
366 filings
347 filers
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