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) 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
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)
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- Net income
- EPS (diluted)
- EBITDA
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- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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