stockrowChurchill 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 invested capital
Churchill Downs, Incorporated's return on invested capital over the twelve months to 30 September 2026 was 8.20%, up 0.9 percentage points from fiscal 2025 (7.30%). Over the past ten years it has ranged from 2.01% (fiscal 2020) to 9.96% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Gambling industry median of 0.00% and above the Consumer Cyclical sector median of 3.42%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 7.30% | (0.42) |
| FY2024 | 7.72% | 1.32 |
| FY2023 | 6.40% | 2.34 |
| FY2022 | 4.06% | (5.20) |
| FY2021 | 9.26% | 7.25 |
| FY2020 | 2.01% | (5.31) |
| FY2019 | 7.32% | (2.64) |
| FY2018 | 9.96% | 4.56 |
| FY2017 | 5.40% | (1.66) |
| FY2016 | 7.06% | 0.96 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| SGHC Super Group (SGHC) Limited compare | 101.2% |
| ACEL Accel Entertainment, Inc. compare | 12.7% |
| CHDN Churchill Downs, Incorporated | 8.20% |
| LNWO Light & Wonder, Inc. compare | 8.11% |
| BRSL Brightstar Lottery compare | 6.38% |
| CDRO Codere Online Luxembourg, S.A. compare | 0.00% |
| RSI Rush Street Interactive, Inc. compare | 0.00% |
| FLUT Flutter Entertainment PLC compare | −3.05% |
| DKNG DraftKings Inc. compare | −11.2% |
| Gambling industry median | 0.00% |
| Consumer Cyclical sector median | 3.42% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
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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 equity
- Return on assets
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- Current ratio
- Total debt
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