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

98.25 0.25 +0.26%
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

Churchill Downs, Incorporated (CHDN) EBITDA

Alert me on 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

Against its own ten years

Low $158.1M High $923.3M
Ten-year median $316.7M
Current reading's percentile 100

EBITDA against peers

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

The full definition of EBITDA →

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