Churchill Downs Incorporated
CHDN · NASDAQ
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 1.81B | 566.40M | 321.80M | 439.40M | 5.80 |
| 2023 FY | 2.46B | 795.70M | 564.00M | 417.30M | 5.55 |
| 2024 FY | 2.73B | 938.50M | 709.00M | 426.80M | 5.73 |
| 2025 FY | 2.93B | 982.60M | 736.40M | 379.70M | 5.36 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 6.21B | 5.66B | 129.80M | 4.61B | 551.50M |
| 2023 FY | 6.96B | 6.06B | 144.50M | 4.84B | 893.60M |
| 2024 FY | 7.28B | 6.17B | 175.50M | 4.92B | 1.08B |
| 2025 FY | 7.48B | 6.43B | 288.50M | 5.20B | 1.01B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 536.80M | -456.80M | 80.00M | -26.00M | -150.90M |
| 2023 FY | 605.80M | -676.50M | -70.70M | -27.10M | 17.10M |
| 2024 FY | 772.70M | -547.00M | 225.70M | -29.20M | 30.90M |
| 2025 FY | 769.80M | -274.90M | 494.90M | -30.80M | 35.80M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 8.01B | 12.49B | — | — | — |
| 2023 FY | 10.15B | 14.85B | — | — | — |
| 2024 FY | 9.88B | 14.62B | — | — | — |
| 2025 FY | 8.06B | 12.97B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 934.40M | 392.10M | 327.70M | 216.90M | 3.03 |
| 2025 Q3 | 683.00M | 204.30M | 98.00M | 37.90M | 0.54 |
| 2025 Q4 | 665.90M | 196.70M | 125.20M | 49.80M | 0.71 |
| 2026 Q1 | 663.00M | 203.00M | 144.00M | 81.00M | 1.16 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 7.38B | 6.31B | 182.40M | 5.01B | 1.04B |
| 2025 Q3 | 7.45B | 6.38B | 180.50M | 5.11B | 1.03B |
| 2025 Q4 | 7.48B | 6.43B | 288.50M | 5.20B | 1.01B |
| 2026 Q1 | 7.49B | 6.34B | 200.00M | 4.94B | 1.10B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 239.60M | -84.70M | 154.90M | -100.00K | 14.40M |
| 2025 Q3 | 187.70M | -59.80M | 127.90M | — | -17.10M |
| 2025 Q4 | 96.00M | -50.30M | 45.70M | -600.00K | 20.00M |
| 2026 Q1 | 295.00M | -59.00M | 236.00M | -31.00M | 2.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 7.24B | 12.07B | — | — | — |
| 2025 Q3 | 6.82B | 11.75B | — | — | — |
| 2025 Q4 | 8.12B | 13.03B | — | — | — |
| 2026 Q1 | 6.29B | 11.02B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |