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) Return on equity

Alert me on Return on equity

Churchill Downs, Incorporated's return on equity over the twelve months to 30 September 2026 was 37.7%, up 1.1 percentage points from fiscal 2025 (36.6%). Over the past ten years it has ranged from −18.7% (fiscal 2020) to 102.4% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Gambling industry median of 11.8% and above the Consumer Cyclical sector median of 3.20%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 36.6% (6.58)
FY2024 43.2% (14.58)
FY2023 57.8% (44.64)
FY2022 102.4% 28.46
FY2021 73.9% 92.58
FY2020 −18.7% (46.59)
FY2019 27.9% (35.42)
FY2018 63.4% 42.16
FY2017 21.2% 4.60
FY2016 16.6% 6.70

Against its own ten years

Low −18.7% High 102.4%
Ten-year median 36.6%
Current reading's percentile 55

Return on equity against peers

Company Return on equity
LNWO Light & Wonder, Inc. compare 50.6%
SGHC Super Group (SGHC) Limited compare 48.8%
CHDN Churchill Downs, Incorporated 37.7%
ACEL Accel Entertainment, Inc. compare 22.3%
BRSL Brightstar Lottery compare 12.3%
RSI Rush Street Interactive, Inc. compare 11.8%
CDRO Codere Online Luxembourg, S.A. compare 0.00%
FLUT Flutter Entertainment PLC compare −10.5%
DKNG DraftKings Inc. compare −21.1%
Gambling industry median 11.8%
Consumer Cyclical sector median 3.20%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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