Churchill Downs, Incorporated
CHDN Consumer Cyclical Gambling
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
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Churchill Downs, Incorporated (CHDN) EBITDA
Churchill Downs, Incorporated's EBITDA for fiscal 2025 was $923.3M, unchanged from fiscal 2024. Over the twelve months to 30 September 2026 it was $1.0B. Over the past ten years it has ranged from $158.1M (fiscal 2020) to $923.3M (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 5 consecutive fiscal years. Churchill Downs, Incorporated ranks 2nd of 15 Gambling companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $923.3M | 1.05% |
| FY2024 | $913.7M | 23.61% |
| FY2023 | $739.2M | 67.70% |
| FY2022 | $440.8M | 12.19% |
| FY2021 | $392.9M | 148.51% |
| FY2020 | $158.1M | (50.08%) |
| FY2019 | $316.7M | 25.48% |
| FY2018 | $252.4M | (3.03%) |
| FY2017 | $260.3M | (12.74%) |
| FY2016 | $298.3M | 21.41% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Sep 2026 | $206.0M | (50.60%) |
| Jun 2026 | $417.0M | 107.46% |
| Mar 2026 | $201.0M | 9.06% |
| Dec 2025 | $184.3M | 17.39% |
| 43 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| BRSL Brightstar Lottery compare | $1.1B |
| CHDN Churchill Downs, Incorporated | $1.0B |
| LNWO Light & Wonder, Inc. compare | $664.0M |
| FLUT Flutter Entertainment PLC compare | $657.0M |
| SGHC Super Group (SGHC) Limited compare | $638.0M |
| RSI Rush Street Interactive, Inc. compare | $204.8M |
| ACEL Accel Entertainment, Inc. compare | $201.5M |
| DKNG DraftKings Inc. compare | $109.6M |
| CDRO Codere Online Luxembourg, S.A. compare | −$13.5M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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