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Churchill Downs Inc
Nasdaq · CIK 20212
Last close76.05
Daily change+1.23 (1.64%)
10 Years gain+225.58%
Dividends TTM0.44 (+7.09%)
Dividend yield0.59%
Fundamental Analysis
CHDN · STANDARD
SIC 7948 · Services-Racing, Including Track Operation · Fiscal year end 1231
Fundamental
52.3Momentum
61.6Acceleration
61.0Confidence
91.0Annual Revenue17
Quarterly Revenue61
Annual CFO12
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth20.1 / 25
Quality16.6 / 25
Capital Efficiency5.9 / 20
Balance Sheet0.2 / 15
Shareholder Economics9.6 / 10
Forward Indicators0.0 / 5
Signals
Operating leverageOperating margin improved by 2.3236 percentage points.
ROIC expansionROIC improved by 2.0132 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 5.4054%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Key Metrics
Revenue Growth TTM18.41%OK
Revenue CAGR 3Y17.37%OK
Gross Margin100%OK
Operating Margin28.37%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC11.43%OK
Incremental Operating Margin 3Y33.79%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y-5.41%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $2.93B | $2.93B | $683.80M | n/a | n/a | 100% | 23.37% | n/a | 8.42% | 71.8M |
| 2025 FY Dec 31, 2024 | $2.73B | $2.73B | $709.00M | n/a | n/a | 100% | 25.93% | n/a | 9.31% | 74.6M |
| 2025 FY Dec 31, 2023 | $2.46B | $2.46B | $564.00M | n/a | n/a | 100% | 22.91% | n/a | 7.89% | 76.1M |
| 2024 FY Dec 31, 2022 | $1.81B | $1.81B | $321.80M | n/a | n/a | 100% | 17.78% | n/a | 6.63% | 77M |
| 2023 FY Dec 31, 2021 | $1.60B | $1.60B | $284.40M | n/a | n/a | 100% | 17.81% | n/a | 10.56% | 78.4M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $3.26B | sum latest 4 fiscal quarters Revenue | OK | 0000020212-26-000059, 0000020212-25-000135 |
| Revenue Growth TTM | 18.41% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0000020212-26-000059, 0000020212-25-000135 |
| Revenue CAGR 3Y | 17.37% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0000020212-26-000025 |
| Revenue CAGR 5Y | 22.65% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0000020212-26-000025 |
| Gross Profit CAGR 3Y | 17.37% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0000020212-26-000025 |
| Operating Income Growth | 28.97% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0000020212-26-000059, 0000020212-25-000135 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 100% | Gross Profit / Revenue | OK | 0000020212-26-000059, 0000020212-25-000135 |
| Operating Margin | 28.37% | Operating Income / Revenue | OK | 0000020212-26-000059, 0000020212-25-000135 |
| ROIC | 11.43% | NOPAT / Average Invested Capital | OK | 0000020212-26-000059, 0000020212-25-000135 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0000020212-26-000059 |
| Current Ratio | 0.36x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 0.04x | (Cash + Short-term Investments) / Total Debt | OK | 0000020212-26-000059 |
| Revenue per Diluted Share | $46.57 | Revenue / Diluted Shares | OK | 0000020212-26-000059, 0000020212-25-000135 |