20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Churchill Downs Incorporated (CHDN) operates in the GAMBLING industry and is headquartered in Louisville, United States with about 6,600 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, CHDN reported $2.9B in revenue and $380M in net income.
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.0B | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B | $1.1B | $1.3B | $1.0B | $883M | $1.3B | $1.2B | $813M | $779M | $732M | $697M | $585M | $440M | $431M | $411M | $377M |
| Gross Profit | $1.6B | $983M | $938M | $796M | $566M | $446M | $194M | $343M | $290M | $253M | $316M | $289M | $179M | $173M | $164M | $146M | $94M | $86M | $86M | $84M | $75M |
| Gross Margin % | 52.9% | 33.6% | 34.3% | 32.3% | 31.3% | 27.9% | 18.4% | 25.8% | 28.7% | 28.6% | 24.1% | 23.9% | 22.0% | 22.2% | 22.3% | 20.9% | 16.1% | 19.5% | 20.0% | 20.5% | 19.9% |
| Operating Income (EBIT) | $724M | $736M | $709M | $564M | $322M | $284M | $60M | $216M | $189M | $146M | $194M | $124M | $90M | $90M | $97M | $81M | $32M | $35M | $53M | $34M | $50M |
| Operating Margin % | 24.2% | 25.2% | 25.9% | 22.9% | 17.8% | 17.8% | 5.7% | 16.2% | 18.7% | 16.5% | 14.8% | 10.2% | 11.1% | 11.6% | 13.2% | 11.6% | 5.4% | 7.9% | 12.3% | 8.2% | 13.2% |
| Net Income | $410M | $380M | $427M | $417M | $439M | $249M | ($82M) | $138M | $353M | $140M | $108M | $65M | $46M | $55M | $58M | $64M | $16M | $17M | $29M | $16M | $30M |
| Net Margin % | 13.7% | 13.0% | 15.6% | 17.0% | 24.3% | 15.6% | -7.8% | 10.3% | 35.0% | 15.9% | 8.3% | 5.4% | 5.7% | 7.0% | 8.0% | 9.2% | 2.8% | 3.8% | 6.6% | 3.8% | 7.9% |
| EBITDA | $1.1B | $1.1B | $1.1B | $1.0B | $875M | $537M | $186M | $368M | $338M | $225M | $267M | $263M | $166M | $153M | $152M | $159M | $81M | $66M | $81M | $57M | $71M |
| Earnings Per Share (EPS) | $5.83 | $5.32 | $5.72 | $5.48 | $5.71 | $3.18 | $-1.03 | $1.69 | $4.24 | $1.46 | $1.07 | $0.62 | $0.44 | $0.51 | $0.56 | $0.63 | $0.17 | $0.20 | $0.34 | $0.19 | $0.36 |
| Shares Outstanding (M) | 70M | 71M | 75M | 76M | 77M | 78M | 79M | 81M | 83M | 96M | 101M | 105M | 106M | 108M | 105M | 103M | 94M | 84M | 84M | 84M | 82M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $980M | $663M | $666M | $683M | $934M | $643M | $624M | $628M |
| Gross Profit | $980M | $203M | $197M | $204M | $392M | $190M | $180M | $186M |
| Gross Margin % | 100.0% | 30.6% | 29.5% | 29.9% | 42.0% | 29.5% | 28.8% | 29.5% |
| Operating Income (EBIT) | $357M | $144M | $125M | $98M | $328M | $135M | $127M | $126M |
| Operating Margin % | 36.4% | 21.7% | 18.8% | 14.3% | 35.1% | 20.9% | 20.3% | 20.0% |
| Net Income | $241M | $81M | $50M | $38M | $217M | $77M | $72M | $64M |
| Net Margin % | 24.6% | 12.2% | 7.5% | 5.5% | 23.2% | 11.9% | 11.5% | 10.2% |
| EBITDA | $457M | $243M | $220M | $195M | $426M | $229M | $154M | $210M |
| Earnings Per Share (EPS) | $3.44 | $1.16 | $0.69 | $0.53 | $3.00 | $1.03 | $0.96 | $0.86 |
| Shares Outstanding (M) | 70M | 70M | 72M | 71M | 72M | 74M | 75M | 75M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $795M | $770M | $773M | $606M | $537M | $336M | $142M | $290M | $198M | $218M | $227M | $265M | $142M | $145M | $144M | $173M | $60M | $71M | $78M | $51M | $70M |
| Capital Expenditures (CapEx) | $412M | $460M | $547M | $676M | $457M | $92M | $234M | $163M | $149M | $117M | $57M | $46M | $57M | $51M | $44M | $25M | $65M | $85M | $40M | $46M | $47M |
| Free Cash Flow (FCF) | $383M | $310M | $226M | ($71M) | $80M | $244M | ($92M) | $126M | $48M | $101M | $170M | $219M | $85M | $93M | $101M | $148M | ($5M) | ($14M) | $38M | $6M | $23M |
| FCF Margin % | 12.8% | 10.6% | 8.2% | -2.9% | 4.4% | 15.3% | -8.8% | 9.5% | 4.8% | 11.5% | 13.0% | 18.1% | 10.4% | 12.0% | 13.8% | 21.3% | -0.8% | -3.2% | 8.8% | 1.4% | 6.1% |
| Dividends Paid | $32M | $31M | $29M | $27M | $26M | $25M | $23M | $22M | $24M | $22M | $19M | $17M | $15M | $1.0B | $22M | $8M | $7M | $7M | $7M | $7M | $7M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $217M | $295M | $96M | $187M | $240M | $247M | $131M | $169M |
| Capital Expenditures (CapEx) | $58M | $59M | $50M | $245M | $85M | $80M | $129M | $126M |
| Free Cash Flow (FCF) | $159M | $236M | $46M | ($58M) | $155M | $167M | $1M | $44M |
| FCF Margin % | 16.2% | 35.6% | 6.9% | -8.5% | 16.6% | 26.0% | 0.2% | 7.0% |
| Dividends Paid | $0M | $31M | $1M | $0M | $1M | $31M | $0M | $0M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.5B | $7.5B | $7.3B | $7.0B | $6.2B | $3.0B | $2.7B | $2.6B | $1.7B | $2.4B | $2.3B | $2.3B | $2.4B | $1.4B | $1.1B | $948M | $1.0B | $725M | $638M | $625M | $546M |
| Cash & Cash Equivalents | $196M | $288M | $176M | $144M | $130M | $291M | $67M | $96M | $133M | $52M | $49M | $75M | $68M | $45M | $37M | $27M | $27M | $14M | $13M | $15M | $21M |
| Total Liabilities | $6.1B | $6.4B | $6.2B | $6.1B | $5.7B | $2.7B | $2.3B | $2.0B | $1.3B | $1.7B | $1.6B | $1.7B | $1.7B | $647M | $470M | $364M | $512M | $318M | $244M | $257M | $196M |
| Total Debt (Short + Long-Term) | $4.8B | $5.1B | $4.9B | $4.8B | $2.5B | $1.3B | $1.1B | $1.1B | $497M | $496M | $609M | $610M | $770M | $370M | $216M | $133M | $286M | $114M | $101M | $126M | $54M |
| Total Shareholders' Equity | $1.3B | $1.0B | $1.1B | $894M | $552M | $307M | $367M | $508M | $473M | $640M | $685M | $617M | $700M | $705M | $644M | $584M | $506M | $407M | $394M | $368M | $350M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CHDN viewer.
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