15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $2.9B | $383M | 0.0% | 23.4% | 37.9% | 5.1% | — | $5.2B | $201M |
| 2024 | $2.7B | $427M | 0.0% | 25.9% | 39.4% | 5.9% | — | $4.9B | $176M |
| 2023 | $2.5B | $417M | 0.0% | 22.9% | 46.7% | 6.0% | — | $4.9B | $145M |
| 2022 | $1.8B | $439M | 0.0% | 17.8% | 79.7% | 7.1% | — | $4.6B | $130M |
| 2021 | $1.6B | $249M | 0.0% | 17.8% | 81.2% | 8.4% | — | $2.0B | $291M |
| 2020 | — | -$82M | — | — | -22.3% | -2.7% | — | $1.6B | $67M |
| 2019 | — | $138M | — | — | 27.1% | 5.4% | — | $1.5B | $96M |
| 2018 | — | $353M | — | — | 74.5% | 20.4% | — | $896M | $133M |
| 2017 | — | $141M | — | — | 21.9% | 6.0% | — | $1.1B | $52M |
| 2016 | — | $108M | — | — | 15.8% | 4.8% | — | $928M | $83M |
| 2015 | — | $65M | — | — | 10.6% | 2.9% | — | $789M | $75M |
| 2014 | — | $46M | — | — | 6.6% | 2.0% | — | $770M | $75M |
| 2013 | — | $55M | — | — | 7.8% | 4.1% | — | $369M | $45M |
| 2012 | — | $58M | — | — | 9.0% | 5.2% | — | $210M | $37M |
| 2011 | — | $64M | — | — | 11.0% | 6.8% | — | $128M | $27M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $980M | $241M | 0.0% | 36.4% | 18.0% | 3.2% | — | $4.8B | $196M |
| Mar '26 | $663M | $83M | 0.0% | 21.6% | 7.6% | 1.1% | — | $4.9B | $200M |
| Dec '25 | $666M | $51M | 0.0% | 18.5% | 5.1% | 0.7% | — | $5.2B | $201M |
| Sep '25 | $683M | $38M | 0.0% | 14.3% | 3.7% | 0.5% | — | $5.1B | $181M |
| Jun '25 | $934M | $217M | 0.0% | 35.0% | 20.8% | 2.9% | — | $5.0B | $182M |
| Mar '25 | $643M | $77M | 0.0% | 21.0% | 7.2% | 1.0% | — | $4.9B | $174M |
| Dec '24 | $624M | $72M | 0.0% | 20.3% | 6.6% | 1.0% | — | $4.9B | $176M |
| Sep '24 | $629M | $65M | 0.0% | 20.0% | 6.0% | 0.9% | — | $4.8B | $153M |
| Jun '24 | $891M | $209M | 0.0% | 37.0% | 20.3% | 2.9% | — | $4.9B | $140M |
| Mar '24 | $591M | $80M | 0.0% | 21.4% | 9.7% | 1.1% | — | $4.9B | $149M |
| Dec '23 | $561M | $58M | 0.0% | 18.9% | 6.4% | 0.8% | — | $4.9B | $145M |
| Sep '23 | $573M | $61M | 0.0% | 19.6% | 6.9% | 0.9% | — | $4.7B | $130M |
| Jun '23 | $769M | $143M | 0.0% | 29.4% | 16.7% | 2.2% | — | — | $374M |
| Mar '23 | $560M | $156M | 0.0% | 21.4% | 22.1% | 2.5% | — | — | $174M |
| Dec '22 | $480M | $1M | 0.0% | 2.4% | 0.2% | 0.0% | — | $4.6B | $130M |
| Sep '22 | $383M | $57M | 0.0% | 16.4% | 9.3% | 1.2% | — | — | $111M |
| Jun '22 | — | $339M | — | — | — | 7.3% | — | — | $310M |
| Mar '22 | — | $42M | — | — | — | 1.4% | — | — | $295M |
| Dec '21 | — | $43M | — | — | 14.1% | 1.5% | — | $2.0B | $291M |
| Sep '21 | — | $61M | — | — | — | 2.1% | — | — | $316M |
How the market has priced CHDN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Churchill Downs Inc's revenue has grown 16.3% per year. These are computed facts, not advice.
As of FY2025, Churchill Downs Inc reported $5.2B of total debt against $201M of cash; operating income covered interest expense 2.3×.
In FY2025, gross margin was —, operating margin 23.4%, and net margin 13.1%.
As of Sep '26, Churchill Downs Inc traded at a price-to-earnings ratio of about 16.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.