Churchill Financial Statements From 2010 to 2025

CHDN Stock  USD 103.57  1.42  1.39%   
Churchill Downs' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Churchill Downs' valuation are provided below:
Gross Profit
946.9 M
Profit Margin
0.1522
Market Capitalization
7.2 B
Enterprise Value Revenue
4.2389
Revenue
2.8 B
We have found one hundred twenty available fundamental signals for Churchill Downs Incorporated, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate Churchill Downs' prevailing fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 13th of August 2025, Market Cap is likely to grow to about 3.2 B. Also, Enterprise Value is likely to grow to about 3.9 B

Churchill Downs Total Revenue

2.87 Billion

Check Churchill Downs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Churchill Downs' main balance sheet or income statement drivers, such as Depreciation And Amortization of 214.9 M, Interest Expense of 304.3 M or Selling General Administrative of 249.6 M, as well as many indicators such as Price To Sales Ratio of 1.85, Dividend Yield of 0.0028 or PTB Ratio of 9.58. Churchill financial statements analysis is a perfect complement when working with Churchill Downs Valuation or Volatility modules.
  
Build AI portfolio with Churchill Stock
Check out the analysis of Churchill Downs Correlation against competitors.

Churchill Downs Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets7.6 B7.3 B3.2 B
Slightly volatile
Short and Long Term Debt Total5.2 B4.9 B1.9 B
Slightly volatile
Other Current Liabilities567.3 M540.3 M309.5 M
Slightly volatile
Total Current Liabilities765.8 M729.3 M434.7 M
Slightly volatile
Total Stockholder Equity1.1 B1.1 B620.9 M
Slightly volatile
Property Plant And Equipment NetB2.9 B1.1 B
Slightly volatile
Retained Earnings1.1 B1.1 B535.9 M
Slightly volatile
Accounts Payable189.3 M180.3 M79.3 M
Slightly volatile
Cash184.3 M175.5 M99.1 M
Slightly volatile
Non Current Assets Total7.3 BB2.9 B
Slightly volatile
Cash And Short Term Investments184.3 M175.5 M99.1 M
Slightly volatile
Net Receivables118.9 M113.2 M77.2 M
Slightly volatile
Common Stock Shares Outstanding85.9 M74.6 M87.8 M
Slightly volatile
Liabilities And Stockholders Equity7.6 B7.3 B3.2 B
Slightly volatile
Non Current Liabilities Total5.9 B5.6 B2.1 B
Slightly volatile
Other Current Assets117.6 M112 M76.4 M
Slightly volatile
Total Liabilities6.5 B6.2 B2.5 B
Slightly volatile
Property Plant And Equipment Gross4.2 BB1.4 B
Slightly volatile
Total Current Assets432.9 M412.3 M264 M
Slightly volatile
Short Term Debt8.3 M8.7 M26.2 M
Pretty Stable
Inventory11 M11.6 M45.8 M
Pretty Stable
Intangible Assets2.5 B2.4 B825.1 M
Slightly volatile
Common Stock Total Equity15.6 M16.4 M97.7 M
Slightly volatile
Common Stock19.9 M20.9 M98.3 M
Slightly volatile
Other Liabilities523.8 M498.9 M247.1 M
Slightly volatile
Property Plant Equipment2.4 B2.3 BB
Slightly volatile
Current Deferred Revenue62.5 M84.2 M71.5 M
Very volatile
Short Term Investments760.7 M724.5 M343.4 M
Slightly volatile
Other Assets7.9 B7.5 B1.5 B
Slightly volatile
Good Will945.2 M900.2 M534.7 M
Slightly volatile
Retained Earnings Total Equity496.9 M635.3 M464.3 M
Slightly volatile
Long Term Debt TotalB2.8 B1.1 B
Slightly volatile
Deferred Long Term Liabilities411.5 M391.9 M191 M
Slightly volatile
Non Current Liabilities Other139.2 M146.5 M409.1 M
Slightly volatile
Long Term Investments426.2 M661.2 M333.4 M
Slightly volatile
Short and Long Term Debt66.3 M63.1 M22.1 M
Slightly volatile
Net Invested Capital3.6 BB2.6 B
Slightly volatile
Capital Lease Obligations9.1 M8.7 M7.9 M
Slightly volatile

Churchill Downs Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization214.9 M204.7 M99.8 M
Slightly volatile
Selling General Administrative249.6 M237.7 M119.8 M
Slightly volatile
Total Revenue2.9 B2.7 B1.3 B
Slightly volatile
Gross Profit985.4 M938.5 M381.5 M
Slightly volatile
Other Operating Expenses2.1 BB1.1 B
Slightly volatile
Operating Income744.5 M709 M273.3 M
Slightly volatile
EBIT906.1 M863 M331.1 M
Slightly volatile
EBITDA1.1 B1.1 B430.9 M
Slightly volatile
Cost Of Revenue1.9 B1.8 B952.6 M
Slightly volatile
Total Operating Expenses249.6 M237.7 M127.8 M
Slightly volatile
Income Before Tax601.9 M573.2 M241.8 M
Slightly volatile
Net Income448.1 M426.8 M189.2 M
Slightly volatile
Net Income From Continuing Ops450.6 M429.1 M181.1 M
Slightly volatile
Interest Income15.7 M18.3 M18.8 M
Very volatile
Reconciled Depreciation135.4 M204.7 M120.2 M
Slightly volatile

Churchill Downs Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow232.9 M221.8 M116.8 M
Slightly volatile
Depreciation214.9 M204.7 M105.5 M
Slightly volatile
Capital Expenditures574.4 M547 M205.7 M
Slightly volatile
Total Cash From Operating Activities811.3 M772.7 M313.4 M
Slightly volatile
End Period Cash Flow265.3 M252.7 M131.4 M
Slightly volatile
Dividends Paid49.9 M29.2 M85.8 M
Pretty Stable
Stock Based Compensation37.9 M36.1 M21.4 M
Slightly volatile
Issuance Of Capital Stock1.2 M1.4 M1.5 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.853.61413.3241
Slightly volatile
Dividend Yield0.00280.0030.0067
Slightly volatile
PTB Ratio9.589.11968.7778
Slightly volatile
Days Sales Outstanding14.3615.11123.7189
Slightly volatile
Book Value Per Share15.6514.90957.292
Slightly volatile
Operating Cash Flow Per Share10.9610.44193.8728
Slightly volatile
Stock Based Compensation To Revenue0.01270.01320.0162
Pretty Stable
Capex To Depreciation2.752.67221.6032
Slightly volatile
PB Ratio9.589.11968.7778
Slightly volatile
EV To Sales5.625.34784.4583
Slightly volatile
ROIC0.08120.07930.0759
Pretty Stable
Inventory Turnover18717854.0675
Slightly volatile
Net Income Per Share6.065.76762.381
Slightly volatile
Days Of Inventory On Hand2.022.1219.4712
Slightly volatile
Payables Turnover9.779.960113.4485
Slightly volatile
Sales General And Administrative To Revenue0.080.09420.1019
Slightly volatile
Research And Ddevelopement To Revenue0.0050.00520.0184
Slightly volatile
Capex To Revenue0.150.20010.1186
Slightly volatile
Cash Per Share2.492.37161.2291
Slightly volatile
POCF Ratio13.4312.788916.9772
Pretty Stable
Interest Coverage2.322.44655.5744
Slightly volatile
Payout Ratio0.0650.06840.2735
Very volatile
Capex To Operating Cash Flow0.740.70790.5614
Slightly volatile
Days Payables Outstanding35.5436.646329.0355
Slightly volatile
ROE0.410.39390.3074
Slightly volatile
EV To Operating Cash Flow19.8718.923721.507
Slightly volatile
PE Ratio34.5123.153661.5532
Pretty Stable
Return On Tangible Assets0.06620.10760.0995
Very volatile
Earnings Yield0.05170.04320.0423
Very volatile
Intangibles To Total Assets0.230.45480.3682
Very volatile
Current Ratio0.760.56530.6857
Very volatile
Receivables Turnover25.3624.154617.1367
Slightly volatile
Graham Number45.7743.591918.3354
Slightly volatile
Shareholders Equity Per Share15.3814.64327.2564
Slightly volatile
Debt To Equity4.764.53662.8277
Slightly volatile
Capex Per Share7.767.39192.6362
Slightly volatile
Revenue Per Share38.836.9516.2667
Slightly volatile
Interest Debt Per Share73.8670.347324.8968
Slightly volatile
Debt To Assets0.710.67560.4596
Slightly volatile
Enterprise Value Over EBITDA10.513.695216.1938
Pretty Stable
Short Term Coverage Ratios9.7310.2533.9054
Pretty Stable
Price Earnings Ratio34.5123.153661.5532
Pretty Stable
Operating Cycle16.617.468742.9068
Slightly volatile
Price Book Value Ratio9.589.11968.7778
Slightly volatile
Days Of Payables Outstanding35.5436.646329.0355
Slightly volatile
Dividend Payout Ratio0.0650.06840.2735
Very volatile
Price To Operating Cash Flows Ratio13.4312.788916.9772
Pretty Stable
Pretax Profit Margin0.220.20960.1605
Slightly volatile
Ebt Per Ebit1.00.80850.8989
Pretty Stable
Operating Profit Margin0.270.25930.1778
Slightly volatile
Company Equity Multiplier7.056.71464.9592
Slightly volatile
Long Term Debt To Capitalization0.860.81720.6027
Slightly volatile
Total Debt To Capitalization0.860.81940.599
Slightly volatile
Return On Capital Employed0.120.10830.1062
Pretty Stable
Debt Equity Ratio4.764.53662.8277
Slightly volatile
Ebit Per Revenue0.270.25930.1778
Slightly volatile
Quick Ratio0.650.54940.5638
Very volatile
Dividend Paid And Capex Coverage Ratio1.291.3412.1055
Slightly volatile
Net Income Per E B T0.630.74460.8263
Pretty Stable
Cash Ratio0.260.24060.2696
Very volatile
Operating Cash Flow Sales Ratio0.30.28260.2179
Slightly volatile
Days Of Inventory Outstanding2.022.1219.4712
Slightly volatile
Days Of Sales Outstanding14.3615.11123.7189
Slightly volatile
Cash Flow Coverage Ratios0.150.15721.1907
Slightly volatile
Price To Book Ratio9.589.11968.7778
Slightly volatile
Fixed Asset Turnover1.450.95111.3978
Slightly volatile
Capital Expenditure Coverage Ratio2.391.41262.9149
Slightly volatile
Price Cash Flow Ratio13.4312.788916.9772
Pretty Stable
Enterprise Value Multiple10.513.695216.1938
Pretty Stable
Debt Ratio0.710.67560.4596
Slightly volatile
Cash Flow To Debt Ratio0.150.15721.1907
Slightly volatile
Price Sales Ratio1.853.61413.3241
Slightly volatile
Return On Assets0.06780.05870.064
Very volatile
Asset Turnover0.360.37580.5118
Slightly volatile
Net Profit Margin0.160.15610.1282
Slightly volatile
Gross Profit Margin0.280.34320.2752
Very volatile
Price Fair Value9.589.11968.7778
Slightly volatile
Return On Equity0.410.39390.3074
Slightly volatile

Churchill Downs Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.2 BB3.1 B
Slightly volatile
Enterprise Value3.9 B3.7 B3.8 B
Slightly volatile

Churchill Fundamental Market Drivers

Cash And Short Term Investments175.5 M

Churchill Upcoming Events

21st of February 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
21st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Churchill Downs Financial Statements

Churchill Downs investors utilize fundamental indicators, such as revenue or net income, to predict how Churchill Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue84.2 M62.5 M
Total Revenue2.7 B2.9 B
Cost Of Revenue1.8 B1.9 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.09  0.08 
Capex To Revenue 0.20  0.15 
Revenue Per Share 36.95  38.80 
Ebit Per Revenue 0.26  0.27 

Pair Trading with Churchill Downs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Churchill Stock

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Moving against Churchill Stock

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  0.64EJH E Home HouseholdPairCorr
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  0.43RICK RCI Hospitality HoldingsPairCorr
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out the analysis of Churchill Downs Correlation against competitors.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.072
Dividend Share
0.409
Earnings Share
5.79
Revenue Per Share
38.578
Quarterly Revenue Growth
0.049
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.