Friday 6 November 2026 Export CHDN’s income statement to Excel — free account

Churchill Downs, Incorporated

Churchill Downs, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 7.01% from fiscal 2024.

Revenue: +1.90%
EPS: +111.7%
Free cash flow: +252.7%
Total debt: −7.52%

Quarter to September 2026, against a year earlier

98.25 0.25 +0.26%

Follow CHDN

Alert me

Market cap: $6.7B
P/E: 15.2×
Fwd P/E: 14.0×
Dividend yield: 0.45%
F-score: 6/9
Altman Z: 1.59
Beneish M: −2.74
Dividend safety: 74/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Sep '26	Jun '26	Mar '26	Dec '25	Older periods
P/E ratio Full definition →	11.75	15.35	16.54	21.51	+8 more quarters Free account
P/S ratio Full definition →	1.76	2.10	2.13	2.78
P/FCF ratio Full definition →	17.03	17.98	18.23	29.43
P/Operating CF Full definition →	35.79	28.92	21.32	84.80
P/B ratio Full definition →	3.84	4.68	5.74	8.04
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00
EV/Sales Full definition →	3.25	3.59	3.71	4.43
EV/EBITDA Full definition →	9.68	11.21	11.77	14.04
EV/Operating CF Full definition →	12.91	13.53	13.36	16.84
EV/FCF Full definition →	31.38	30.81	31.67	46.97
Quick Ratio Full definition →	0.28	0.31	0.47	0.54
Current Ratio Full definition →	0.32	0.36	0.54	0.60
Net Debt/EBITDA Full definition →	21.67	10.74	23.07	26.27
Debt/Assets Full definition →	63.24%	63.46%	65.84%	68.54%
Debt/Equity Full definition →	3.42	3.56	4.50	5.08
Asset Turnover Full definition →	0.40	0.40	0.40	0.40
Operating CF/Net income Full definition →	1.85	0.90	3.55	1.88
Capex/Depreciation Full definition →	(0.94)	(0.97)	(1.02)	(0.83)
Interest Coverage Full definition →	2.07	5.10	1.99	1.64
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	8.62%	6.22%	8.90%	10.69%
Intangible Assets out of Total Assets Full definition →	0.46	0.45	0.46	0.46
Share Based Compensation of Revenue Full definition →	0.86%	0.82%	0.75%	1.83%
Graham Net Nets Full definition →	(1.07)	(0.91)	(0.94)	(0.74)
Graham Number Full definition →	53.44	50.17	43.74	41.03
Earnings Yield Full definition →	8.51%	6.51%	6.04%	4.65%
Free Cash Flow Yield Full definition →	5.87%	5.56%	5.49%	3.40%
Revenue per Share Full definition →	9.94	14.00	9.47	9.33
Operating CF per Share Full definition →	2.11	3.10	4.21	1.34
Capex per Share Full definition →	(0.84)	(0.83)	(0.84)	(0.70)
Free Cash Flow per Share Full definition →	1.27	2.27	3.37	0.64
Cash per Share Full definition →	3.70	4.21	4.16	4.05
Shareholders Equity per Share Full definition →	19.70	19.16	15.66	14.15
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00
Book value per Share Full definition →	19.70	19.16	15.66	14.15
Free Cash Flow Full definition →	89.00	159.00	236.00	45.60
Working Capital Full definition →	(904.00)	(875.00)	(384.00)	(290.00)
Capital Expenditures Full definition →	(59.00)	(58.00)	(59.00)	(50.20)
Net Current Asset Value Full definition →	(5,670.00)	(5,696.00)	(5,937.00)	(6,032.00)
EV/EBIT Full definition →	12.73	14.90	15.79	18.96
Capex to Sales Full definition →	0.08	0.06	0.09	0.08
Price to Operating Income Full definition →	6.91	8.69	9.09	11.88
Other line items
Average Receivables Full definition →	97.85	123.70	106.80	111.60
Average Payables Full definition →	207.50	246.00	212.55	182.15
Average Assets Full definition →	7,460.90	7,448.35	7,416.05	7,380.45
Average Common Equity Full definition →	1,206.95	1,191.30	1,083.85	1,046.80

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

Stockrow Weekly