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Churchill Downs Inc

CHDN

$87.92 ▲ +1.07 (+1.23%) at close

18 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Moderately Bullish

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Analytical Summary

Churchill Downs Inc shows strong fundamentals with top-quartile Return on Common Equity (%) and Operating Margin (%). Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $6.3B

Dividend Yield 0.50%

Revenue Growth 7.0% ↘

Op. Margin 23.4% ↘

ROIC 8.1% ↘

FCF / Share None

Trailing P/E —

Price / Book 6.1x

FCF Yield —

Debt / Equity 5.02

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.93B

↑ +7.0% —

Net Income Profit after all expenses

$383.00M

↓ -10.3% —

Operating Margin Operating profit as % of sales

23.4%

↓ -9.9% 80th

FCF / Share Free cash flow per share

$1.79

↓ -50.4% —

Long-Term Debt Long-term obligations

$5.07B

↑ +4.6% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability →

Returns ↑

Financial Health →

Dividend History

Dividend / share · sourced from SEC filings

$0.44 Latest / share

+7.1% YoY

+9.2% 12-yr CAGR

$0.17

FY 2014

$0.19

FY 2015

$0.22

FY 2016

$0.25

FY 2017

$0.27

FY 2018

$0.29

FY 2019

$0.31

FY 2020

$0.33

FY 2021

$0.36

FY 2022

$0.38

FY 2023

$0.41

FY 2024

$0.44

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	7.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+40%)	11.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+121%)	36.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+620%)	13.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+166%)	51.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+931%)	-20.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-515%)	31.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+536%)	14.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+186%)	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	—	—	—	79.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-59.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	187.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	36.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	73.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	40.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-14.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-8.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-10.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	258.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-13.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-10.3% Weak ↓ Weak Declining Year-over-year change in net income	2.3% Caution ↓ Caution Declining Year-over-year change in net income	-5.0% Weak Weak Year-over-year change in net income	76.4% Excellent Excellent Year-over-year change in net income	N/M	N/M	-61.0% Weak ↓ Weak Declining Year-over-year change in net income	151.1% Excellent ↑ Excellent Improving Year-over-year change in net income	30.0% Excellent → Excellent Stable Year-over-year change in net income	65.8% Excellent ↑ Excellent Improving Year-over-year change in net income	40.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-15.6% Weak ↓ Weak Declining Year-over-year change in net income	-5.8% Weak ↓ Weak Declining Year-over-year change in net income	-9.4% Weak ↓ Weak Declining Year-over-year change in net income	293.5% Excellent Excellent Year-over-year change in net income	-2.8% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	—	—	—	—	—	-50.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	50.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	24.3% Good ↓ Good Declining Year-over-year change in free cash flow	-3.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-6.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	154.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-9.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-8.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-33.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	129.2% Excellent Excellent Year-over-year change in free cash flow	-24.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	17.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	19.6% Excellent → Excellent Stable Compound annual revenue growth over 3 years	32.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	10.8% Good → Good Stable Compound annual revenue growth over 3 years	16.5% Excellent Excellent Compound annual revenue growth over 3 years	6.1% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	22.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	15.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	19.5% Excellent Excellent Compound annual revenue growth over 5 years	15.4% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	50.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-8.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	16.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	89.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	49.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	27.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	3.4% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-11.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	43.3% Excellent Excellent Compound annual EPS growth over 3 years	40.6% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	23.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+95%)	25.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+116%)	22.9% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+91%)	17.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+48%)	17.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+48%)	5.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	16.2% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	18.7% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	16.5% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	27.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.1% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.7% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.8% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.5% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-66.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.9% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.9% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-19.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.4% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.6% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.1% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.9% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	48.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	13.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+64%)	15.6% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+95%)	17.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+112%)	24.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	15.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+95%)	-7.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-197%)	10.3% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	35.0% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+337%)	15.9% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+99%)	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	—	—	—	—	—	13.5% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	21.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	20.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	—	—	—	—	—	-1.73x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.11x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.81x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.39x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.88x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.75x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.77x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.34x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.66x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	4.22x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	8.1% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	10.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	2.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	9.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.5% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	10.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	3.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.7% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	3.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	37.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+153%)	39.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+163%)	46.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+211%)	—	—	-22.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-249%)	27.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+80%)	74.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+397%)	21.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+46%)	15.8% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+5%)	10.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	6.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	7.8% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	11.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-27%)	3.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-78%)	4.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-72%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	5.02x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+617%)	4.47x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+539%)	5.34x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+662%)	—	—	4.42x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+531%)	2.90x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+314%)	1.87x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+167%)	1.76x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+152%)	1.35x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+92%)	1.27x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+81%)	1.09x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+56%)	0.52x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	0.33x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	0.22x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.52x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	—	—
Interest Coverage (x)	2.32x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.31x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.99x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.18x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.36x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.04x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.71x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.96x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.95x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.32x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.34x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	14.46x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	21.31x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.08x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.11x Good Good Operating income divided by interest expense Optimal: > 5x	20.96x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$4.87B	$4.67B	$4.62B	$4.48B	$1.68B	$1.55B	$1.38B	$751.00M	$1.08B	$876.40M	$707.25M	$696.17M	$324.48M	$172.55M	$100.24M	$238.22M	$-13.64M	$-12.66M
Debt / EBITDA (x)	5.59x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.40x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.57x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.69x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.14x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.95x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.96x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.59x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.80x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.16x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.41x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.26x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.64x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.49x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.03x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.40x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$40.98	$36.95	$32.74	$23.88	$20.69	$13.31	$16.58	$12.22	$9.35	—	$0.00	$0.00	$0.00	$0.00	—	—	—	—
Basic EPS, GAAP (USD)	—	—	—	$5.79	$3.23	$-1.03	$1.72	$4.27	$1.49	$1.09	$0.62	$0.45	$0.52	$0.57	$0.63	$0.18	$0.20	—
Free Cash Flow per Share (USD)	—	—	—	—	—	$1.79	$3.61	$2.39	$1.93	$1.99	$2.14	$0.84	$0.93	$1.01	$1.51	$0.66	$0.87	—
Dividend per Share (USD)	$0.44	$0.41	$0.38	$0.36	$0.33	$0.31	$0.29	$0.27	$0.25	$0.22	$0.19	$0.17	$0.14	$0.12	$0.10	$0.08	$0.08	—
Book Value per Share (USD)	$14.51	$14.74	$11.99	—	—	$4.65	$6.40	$5.86	$6.93	$6.92	$5.97	$6.76	$6.79	$6.30	$5.85	$5.56	$4.99	—
Tangible Book Value per Share (USD)	$-34.57	$-30.28	$-32.55	—	—	$-4.43	$-2.88	$-1.59	$1.66	$2.12	$-6.97	$-6.67	$1.99	$2.45	$2.67	$1.96	$4.99	—
Basic Weighted Avg Shares (shares)	71.40M	74.00M	75.20M	75.80M	77.20M	79.20M	80.20M	82.60M	94.40M	98.40M	103.35M	103.63M	103.76M	102.28M	99.83M	91.12M	81.49M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$-290.10M	$-317.00M	$-355.00M	$-277.10M	$106.50M	$-189.10M	$-80.00M	$-15.10M	$-197.10M	$-222.10M	$-417.27M	$-93.72M	$-52.49M	$-259.51M	$-28.99M	$-18.56M	—	—
LT Debt (USD)	$5.07B	$4.84B	$4.77B	$4.61B	$1.97B	$1.62B	$1.47B	$884.30M	$1.13B	$921.70M	$781.78M	$764.10M	$369.19M	$209.73M	$127.56M	$265.12M	—	—
Total Equity (USD)	$1.01B	$1.08B	$893.60M	—	—	$367.10M	$508.30M	$473.30M	$640.30M	$685.00M	$617.20M	$700.00M	$704.79M	$644.29M	$584.03M	$506.21M	$407.02M	$393.89M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$2.93B	$2.73B	$2.46B	$1.81B	$1.60B	$1.05B	$1.33B	$1.01B	$882.60M	—	$0.00	$0.00	$0.00	$0.00	—	—	—	—
Depreciation Expense (USD)	$222.80M	$188.00M	$161.80M	$109.00M	$98.40M	$88.00M	$81.40M	$57.60M	$49.10M	$49.10M	$53.60M	$55.00M	$49.60M	$44.40M	$43.30M	—	—	—
Net Income, GAAP (USD)	$383.00M	$426.80M	$417.30M	$439.40M	$249.10M	$-81.90M	$137.50M	$352.80M	$140.50M	$108.10M	$65.20M	$46.36M	$54.90M	$58.28M	$64.36M	$16.35M	$16.83M	—
Operating Cash Flow (USD)	—	—	—	—	—	$141.90M	$289.60M	$197.80M	$215.10M	$226.80M	$264.53M	$141.62M	$144.91M	$144.41M	$173.00M	$59.86M	$71.05M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 68 quarters

Churchill Downs Inc

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