Canterbury Park Holding Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Canterbury Park Holding Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	52.5	57	59.1	59.2	33.1	60.4	66.8	61.4	61.6	59.6
Selling and marketing	2.33	2.72	2.5	2.15	0.38	1.68	3.1	2.07	1.35	1.73
Operating income	7.14	4.52	7.65	3.64	0.63	17.8	10.9	11.5	6.43	2.46
Interest expense	0.05
Other non-operating income	-0.02	0.05	0.06	0.33	-0.81	-1.98	-0.66	3.48	-3.4	-3.28
Pre-tax income	7.12	4.57	7.71	3.96	-0.19	15.8	10.2	15	3.04	-0.81
Income tax	2.92	0.48	1.99	1.24	-1.25	4	2.72	4.42	0.92	-0.29
Net income	4.2	4.09	5.72	2.72	1.06	11.8	7.51	10.6	2.11	-0.53
EBITDA	9.69	7.05	10.2	6.32	3.37	20.6	13.9	14.6	10.1	6.46
EPS, basic	0.98	0.93	1.28	0.59	0.23	2.47	1.55	2.15	0.42	-0.10
EPS, diluted	0.97	0.93	1.26	0.59	0.23	2.44	1.54	2.13	0.42	-0.10
Shares, basic (weighted)	4.29	4.38	4.48	4.59	4.7	4.78	4.85	4.92	4.99	5.07
Shares, diluted (weighted)	4.31	4.4	4.53	4.61	4.7	4.83	4.89	4.95	5.03	5.07
Dividend per share			0.28	0.28

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	6.3	8.89	4.9	0.36	0	11.9	13	21.9	10.1	12.1
Short-term investments	0.21	0.21	0.21	0.1	0	0	5	5	5	5
Receivables	1.31	1.28	0.24	0.3	0.23	0.39	0.62	0.48	0.44	0.34
Inventory	0.25	0.26	0.3	0.39	0.22	0.25	0.26	0.25	0.25	0.27
Other current assets	0.47	0.59	0.63	0.5	0.5	0.58	0.56	0.65	1.85	1.18
Total current assets	12.1	15.4	12.8	3.96	9.45	24.4	30.7	36.3	24.4	25
Property, plant and equipment	35.4	37	38.1	34.6	33.5	34.4	36.5	43	51	51.6
Lease right-of-use assets				0.07	0.05	0.02	0	0.05	0.03	0
Total assets	49.6	54.5	61.4	65.4	68.8	83.1	92.3	105	110	113
Accounts payable	2.52	2.85	3.59	3.5	2.95	2.31	3.37	4.6	3.67	2.22
Accrued liabilities	2.03	2.29	2.27	2.17	2.33	3.26	2.68	2.67	2.16	2.42
Deferred revenue	0.57	0.91	0.98	1.48	0.44	0.73	0.41	0.27	0.31	0.54
Total current liabilities	8.72	10.8	10.6	11.5	10.1	9.81	10.4	11.1	10.7	9.63
Lease liabilities				0.05	0.02	0	0	0.03	0	0
Other non-current liabilities								0	0.18	0
Total liabilities	13.1	13.8	14.7	16	17.5	18.7	21.1	22.9	25.8	28.7
Total debt					0
Paid-in capital	18.8	19.9	21.4	22.7	23.6	24.9	25.9	27.4	28.9	30.7
Retained earnings	17.7	20.8	25.3	26.6	27.6	39.4	45.2	54.4	55.1	53.1
Shareholders' equity	36.6	40.7	46.7	49.4	51.3	64.4	71.2	81.8	84.1	83.9
Total equity	36.6	40.7	46.7	49.4	51.3	64.4	71.2	81.8	84.1	83.9
Total liabilities and equity	49.6	54.5	61.4	65.4	68.8	83.1	92.3	105	110	113
Shares outstanding	4.33	4.41	4.53	4.64	4.75	4.81	4.89	4.96	5.04	5.12

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	4.2	4.09	5.72	2.72	1.06	11.8	7.51	10.6	2.11	-0.53
Depreciation and amortization	2.55	2.53	2.56	2.68	2.75	2.84	2.98	3.15	3.62	4
Stock-based compensation		0.35	0.35	0.24	0.47	0.55	0.45	0.53	0.57	0.69
Deferred income tax				0.43	2.94	0.32	-0.2	2.83	-0.27	0.63
Change in receivables	-0.28	0.17	0.02	-0.06	0.07	-0.16	-0.23	0.13	0.04	0.1
Change in payables	0.41	0	-0.13	-1.36	-0.89	-0.9	0.46	-1.47	-2.12	-1.62
Cash from operations	4.94	8.23	6.33	6.74	1.13	13.5	11.2	11.5	6.49	8.9
Capital expenditures	-4.9	-4.9	-5.5	-7.36	-1.54	-3.78	-5	-7.91	-12	-4.18
Purchases of investments	-0	-0	-0			0	-5	-5	-7	-9.5
Cash from investing	-3.82	-3.78	-6.63	-13	-0.21	-2.5	-9.27	-0.46	-17.3	-5.45
Stock issued	0.16	0.25	0.69	0.38	0.16	0.18	0.16	0.23	0.25	0.21
Dividends paid	-1.29	-0.96	-1.21	-1.28	-0.33	-0	-1.36	-1.38	-1.41	-1.43
Cash from financing	-3.1	-0.71	-0.53	-0.98	-0.37	0.13	-1.44	-1.35	-1.29	-1.31
Net change in cash	-1.98	3.74	-0.82	-7.28	0.54	11.1	0.51	9.74	-12.2	2.14
Free cash flow	0.04	3.33	0.83	-0.63	-0.41	9.72	6.22	3.63	-5.5	4.72
Interest paid	0.05		0.01	0.04	0.04	0	0	0	0.01	0.01
Income taxes paid	1.15	1.14	1.36	0.74	0.08	0.9	3.71	3.62	0.3	-1.49

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $15.78 on September 24, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	4.5%	Operating income / revenue.
EBITDA margin	11.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	0.5%	Pre-tax income / revenue.
Net margin	0.2%	Net income / revenue.
FCF margin	8.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	14.3%	Cash from operations / revenue.
Effective tax rate	56.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	0.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.1%	Net income / average total assets.
Return on invested capital (ROIC)	3.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	1.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	5.7%	Capital expenditures / revenue.
D&A / revenue	6.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-3.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-3.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	12.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-61.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-39.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	31.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-35.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-22.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	13.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-125.1%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-123.8%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	37.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-7.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	51.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 3y	-8.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	-0.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	10.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	6.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.24x	Current assets / current liabilities.
Quick ratio	1.53x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.44x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	28.2%	Total liabilities / total assets.
Working capital	$16.3M	Current assets - current liabilities.
Tangible book value	$84.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.52x	Revenue / average total assets.
Fixed asset turnover	1.19x	Revenue / average property, plant and equipment.
Receivables turnover	55.0x	Revenue / average receivables.
Days sales outstanding	7 days	365 x average receivables / revenue.
FCF conversion	4,342.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	40.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.02	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$11.73	Revenue / diluted weighted shares.
FCF per share	$1.00	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.67	Cash from operations / diluted weighted shares.
Book value per share	$16.21	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$16.21	Tangible book value / shares outstanding.
Cash per share	$3.67	(Cash + short-term investments) / shares outstanding.
Payout ratio	1,214.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	28.0%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$81.8M	Share price x shares outstanding.
Enterprise value	$62.8M	Market cap + total debt - cash - short-term investments.
P/E	687x	Market cap / net income. Only when net income is positive.
P/S	1.35x	Market cap / revenue.
P/B	0.97x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.97x	Market cap / tangible book value, when positive.
P/FCF	15.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.48x	Market cap / cash from operations, when positive.
EV/Sales	1.04x	Enterprise value / revenue.
EV/EBIT	23.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	9.14x	Enterprise value / EBITDA, when both are positive.
EV/FCF	12.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.3%	Free cash flow / market cap.
Earnings yield	0.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.8%	Dividends paid over the period / market cap.
Shareholder yield	1.8%	(Dividends paid + share buybacks) / market cap.

What was Canterbury Park Holding Corp's revenue in fiscal 2025?

Canterbury Park Holding Corp reported revenue of $59.6M for fiscal 2025, 3.2% lower than the year before.

Was Canterbury Park Holding Corp profitable in fiscal 2025?

No. It reported a net loss of $529.4K.

How much free cash flow did Canterbury Park Holding Corp generate in fiscal 2025?

Cash from operations of $8.9M minus capital expenditures of $4.2M left free cash flow of $4.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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