Stocks Consumer discretionary CHDN
NASDAQ · Consumer discretionaryChurchill Downs Inc (CHDN)
Churchill Downs Inc brought in $3B of revenue over the twelve months to September 30, 2026, up 4.2% from a year earlier. Net income was $455M, a net margin of 15.1%. Operating cash flow minus capital spending left $699.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $167M in cash against $4.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Churchill Downs Inc
- Net worth
- Churchill Downs Inc has a market value (market cap) of $6.8B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.9B (+7.0% year on year), with net income of $383M. Over the 12 months to September 30, 2026: revenue $3B, net income $455M.
- Cash flow
- In fiscal 2025 operations brought in $769.8M of cash; after $70.2M of capital spending, free cash flow was $699.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Churchill Downs Inc's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Churchill Downs Inc declared dividends of $0.44 per share in fiscal 2025, a yield of 0.45% at the current price.
What Churchill Downs Inc does
Churchill Downs Inc is registered with the SEC under industry code SIC 7948 (Services-Racing, Including Track Operation). Its shares trade on NASDAQ under the ticker CHDN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.9B | $383M | n/a | $699.6M |
| 2024 | $2.7B | $426.8M | n/a | $688.1M |
| 2023 | $2.5B | $417.3M | $5.49 | $527.6M |
| 2022 | $1.8B | $439.4M | $5.71 | $460.6M |
| 2021 | $1.6B | $249.1M | $3.18 | $420M |
| 2020 | $1.1B | -$81.9M | -$1.04 | -$69.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CHDN ranks in Consumer discretionary
Dividends
Churchill Downs Inc declared $0.44 per share in fiscal 2025. At the current price that is a yield of 0.45%. It paid out $30.8M in cash dividends, 8% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.44 | $30.8M | 8% |
| 2024 | $0.41 | $29.2M | 7% |
| 2023 | $0.38 | $27.1M | 6% |
| 2022 | $0.36 | $26M | 6% |
| 2021 | $0.33 | $24.8M | 10% |
| 2020 | $0.31 | $23.4M | n/a |
Latest SEC filings
What Churchill Downs Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake (5% or more) SCHEDULE 13G
- October 28, 2026
- October 28, 2026
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 1.9% to $696M versus the same quarter last year; net income rose 111% to $80M.
- October 28, 2026
- September 28, 2026Material agreement8-KChurchill Downs closed an amendment to extend its credit facilities to 2031 and issued a new $500 million Term Loan B due 2033.
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.9% to $980M versus the same quarter last year; net income rose 11% to $241M.
- July 29, 2026
- July 29, 2026Other event 8-K
What is CHDN worth? A DCF from its reported cash flow
Insider trades
What the people running Churchill Downs Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Grissom Douglas CDirector | Received as pay | 454 | - |
| June 30, 2026 | Grissom Douglas CDirector | Received as pay | 383 | - |
| April 21, 2026 | Harrington Daniel PDirector | Received as pay | 2,257 | - |
| April 21, 2026 | Harrington Daniel PDirector | Received as payindirect | 0 | - |
| April 21, 2026 | Grissom Douglas CDirector | Received as pay | 2,257 | - |
| April 21, 2026 | Varga Paul CDirector | Received as pay | 2,257 | - |
| April 21, 2026 | Rankin Richard AlexDirector | Received as pay | 2,257 | - |
| April 21, 2026 | Lloyd KaroleDirector | Received as pay | 2,257 | - |
Who owns CHDN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Fmr LLC13G, passive with 1 related filers | 6.3% | November 5, 2026 |
| Vanguard Capital Management13G, passive | 5.01% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 457 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 6,202,008 | -251,078 |
| Vanguard Portfolio Management LLC | 3,207,921 | +251,380 |
| Vanguard Capital Management LLC | 2,988,941 | +243,268 |
| Fmr LLC | 2,947,784 | +1,239,325 |
| London Co of Virginia | 2,464,527 | -129,294 |
| State Street Corp | 2,048,801 | +46,717 |
| Citadel Advisors LLC | 1,714,304 | +442,976 |
| Arrowstreet Capital, Limited Partnership | 1,444,412 | +67,722 |
| Geode Capital Management, LLC | 1,342,056 | -68,034 |
| Jennison Associates LLC | 1,257,575 | +122,857 |
| Balyasny Asset Management L.P. | 1,221,584 | +611,740 |
| Boston Partners | 1,193,534 | +56,202 |
| William Blair Investment Management, LLC | 1,030,121 | -63,268 |
| Aqr Capital Management LLC | 843,847 | +24,004 |
| Norges Bank | 841,176 | new |
| Schroder Investment Management Group | 797,387 | -41,102 |
| UBS Group AG | 795,607 | +528,604 |
| Clearbridge Investments, LLC | 786,319 | +42,278 |
| Bank of America Corp | 770,846 | +142,556 |
| Jupiter Topco LLC | 756,190 | new |
Insiders
11 insiders reported holding 4,117,771 shares in total, about $403.3M at the last price.
| Holder | Shares |
|---|---|
| Carstanjen William C.Chief Executive Officer | 1,685,609 |
| Harrington Daniel PDirector | 1,271,4381,145,352 held indirectly |
| Mudd William E.President and COO | 732,067 |
| Dall Marcia AEVP, and CFO | 153,843 |
| Rankin Richard AlexDirector | 101,468 |
| Grissom Douglas CDirector | 43,460 |
| Lloyd KaroleDirector | 40,317 |
| Varga Paul CDirector | 35,557 |
| Blackwell Bradley K.EVP, General Counsel | 30,934 |
| Adams MaureenEVP, Gaming Operations | 15,121 |
Questions about CHDN
What does Churchill Downs Inc do?
Churchill Downs Inc is a company in the Consumer discretionary sector, listed on NASDAQ as CHDN. Its shares trade on NASDAQ under the ticker CHDN.
What is Churchill Downs Inc's net worth?
Churchill Downs Inc has a market value (market cap) of $6.8B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Churchill Downs Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $455M on revenue of $3B, a net margin of 15.1%.
How much revenue does Churchill Downs Inc make?
Over the twelve months to September 30, 2026 Churchill Downs Inc reported revenue of $3B. That is 4.2% more than a year earlier.
When did Churchill Downs Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake (5% or more) from November 5, 2026.
When is Churchill Downs Inc's next earnings report?
Churchill Downs Inc's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Churchill Downs Inc pay a dividend?
Yes. Churchill Downs Inc declared dividends of $0.44 per share in fiscal 2025, a yield of 0.45% at the current price.
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Where the numbers come from
Financial figures are the values Churchill Downs Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.