Churchill Downs Inc (CHDN) — financial distillation
Annual history (10-K)
Quarterly history (10-Q)
Two headline lines are shown to start. Click any item in a legend to add or remove it — every figure on the chart is one the table below also carries, for the period it names.
In brief, from the full filed history
- Revenue grew from $470.5M (period ending 2009-12-31) to $2.93B (period ending 2025-12-31) — a 12.1% annual pace across 16 year(s) of filed history.
- Net margin expanded from 3.6% to 13.1% over that same span.
- Across 49 tracked quarters, the strongest was $980.0M (quarter ending 2026-06-30) and the weakest was $0 (quarter ending 2012-09-30).
Annual — most recent 10-K
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $2.93B | 2025-12-31 | 10-K | 0000020212-26-000025 |
| Operating income | $683.8M | 2025-12-31 | 10-K | 0000020212-26-000025 |
| Net income | $383.0M | 2025-12-31 | 10-K | 0000020212-26-000025 |
| Diluted EPS | $5.49 | 2023-12-31 | 10-K | 0000020212-24-000055 |
| Total assets | $7.48B | 2025-12-31 | 10-K | 0000020212-26-000025 |
| Total liabilities | $6.43B | 2025-12-31 | 10-K | 0000020212-26-000025 |
| Cash & equivalents | $200.6M | 2025-12-31 | 10-K | 0000020212-26-000025 |
| Operating cash flow | $141.9M | 2020-12-31 | 10-K | 0000020212-21-000019 |
Quarterly — most recent 10-Q
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $980.0M | 2026-06-30 | 10-Q | 0000020212-26-000059 |
| Operating income | $357.0M | 2026-06-30 | 10-Q | 0000020212-26-000059 |
| Net income | $241.0M | 2026-06-30 | 10-Q | 0000020212-26-000059 |
| Diluted EPS | $8.79 | 2022-06-30 | 10-Q | 0000020212-22-000126 |
| Total assets | $7.52B | 2026-06-30 | 10-Q | 0000020212-26-000059 |
| Total liabilities | $6.13B | 2026-06-30 | 10-Q | 0000020212-26-000059 |
| Cash & equivalents | $196.0M | 2026-06-30 | 10-Q | 0000020212-26-000059 |
| Operating cash flow | $295.0M | 2026-03-31 | 10-Q | 0000020212-26-000043 |
Reading
The figures above are taken directly from filings with the U.S. Securities and Exchange Commission. The reading below was generated by a local language model from only those figures; it introduces no numbers of its own. It is not investment advice.
Churchill Downs Inc’s (CHDN) business scale is substantial, with revenue reaching $2.93 billion in 2025, reflecting a remarkable growth trajectory over the past 16 years. The company’s revenue has grown at an impressive annual pace of 12.1%, as evidenced by its multi-year trend fact. This growth is complemented by a significant expansion in net margin from 3.6% to 13.1% over the same period, indicating improved profitability.
The company’s financial health is further underscored by its total assets of $7.48 billion and total liabilities of $6.43 billion as of 2025-12-31, resulting in a manageable debt-to-asset ratio. Cash and equivalents stood at $200.6 million, providing a cushion for operational needs. In terms of cash flow, the company generated $141.9 million in operating cash flow in 2020, demonstrating its ability to maintain liquidity even during challenging periods.
In the most recent quarter (ending 2026-06-30), CHDN reported a robust revenue of $980.0 million and net income of $241.0 million, marking one of its strongest quarters. However, it’s essential to note that the company experienced a net loss in 2020. Moving forward, investors should monitor CHDN’s ability to sustain this growth momentum, particularly in light of its historical volatility and the cyclical nature of its business segments, such as pari-mutuel wagering and online gaming.
Source: SEC EDGAR company facts for CIK 0000020212 · filings index