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) Free cash flow
Churchill Downs, Incorporated's free cash flow for fiscal 2025 was $309.6M, up 37.8% from $224.7M in fiscal 2024. Over the twelve months to 30 September 2026 it was $529.9M. Over the past ten years it has ranged from −$91.0M (fiscal 2020) to $367.7M (fiscal 2021); the current reading is higher than 82% of that period. Churchill Downs, Incorporated ranks 3rd of 15 Gambling companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $309.6M | 37.78% |
| FY2024 | $224.7M | 80.48% |
| FY2023 | $124.5M | (62.61%) |
| FY2022 | $333.0M | (9.44%) |
| FY2021 | $367.7M | — |
| FY2020 | −$91.0M | — |
| FY2019 | $129.2M | 166.94% |
| FY2018 | $48.4M | (50.71%) |
| FY2017 | $98.2M | (51.46%) |
| FY2016 | $202.3M | (8.54%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $89.0M | (44.03%) |
| Jun 2026 | $159.0M | (32.63%) |
| Mar 2026 | $236.0M | 417.54% |
| Dec 2025 | $45.6M | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| FLUT Flutter Entertainment PLC compare | $1.2B |
| LNWO Light & Wonder, Inc. compare | $935.0M |
| CHDN Churchill Downs, Incorporated | $529.9M |
| DKNG DraftKings Inc. compare | $497.1M |
| SGHC Super Group (SGHC) Limited compare | $319.0M |
| RSI Rush Street Interactive, Inc. compare | $180.0M |
| ACEL Accel Entertainment, Inc. compare | $108.0M |
| CDRO Codere Online Luxembourg, S.A. compare | $33.0M |
| BRSL Brightstar Lottery compare | −$2.2B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- EPS (diluted)
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- Free cash flow margin
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- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
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- Return on equity
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