Churchill Downs Inc
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B |
| Selling, general & administrative | $246.2M | $237.7M | $202.3M | $164.2M | $138.5M |
| Operating expenses | $2.2B | $2.0B | $1.9B | $1.5B | $1.3B |
| Operating income | $683.8M | $709.0M | $564.0M | $321.8M | $284.4M |
| Interest expense | $297.7M | $289.8M | $268.4M | $147.3M | $84.7M |
| Pretax income | $532.4M | $573.2M | $561.8M | $608.8M | $343.6M |
| Income tax expense | $146.9M | $144.1M | $144.5M | $169.4M | $94.5M |
| Net income | $383.0M | $426.8M | $417.3M | $439.4M | $249.1M |
| Balance Sheet | |||||
| Cash and equivalents | $200.6M | $175.5M | $144.5M | $129.8M | $291.3M |
| Current assets | $443.2M | $412.3M | $400.8M | $344.5M | $501.5M |
| Total assets | $7.5B | $7.3B | $7.0B | $6.2B | $3.0B |
| Current liabilities | $733.3M | $729.3M | $755.8M | $621.6M | $395.0M |
| Total liabilities | $6.4B | $6.2B | $6.1B | $5.7B | $2.7B |
| Total debt | $5.2B | $4.9B | $4.9B | $4.6B | $2.0B |
| Stockholders' equity | $1.0B | $1.1B | $893.6M | $551.5M | $306.8M |
| Cash Flow Statement | |||||
| Cash from operations | $769.8M | $771.7M | $605.3M | $510.8M | $459.5M |
| Depreciation and amortization | $222.8M | $188.0M | $161.8M | $109.0M | $98.4M |
| Stock-based compensation | $30.2M | $36.1M | $32.9M | $31.8M | $27.8M |
| Capital expenditure | $204.7M | $463.4M | $598.8M | $373.3M | $52.3M |
| Free cash flow | $565.1M | $308.3M | $6.5M | $137.5M | $407.2M |
| Dividends paid | $30.8M | $29.2M | $27.1M | $26.0M | $24.8M |
| Share repurchases | $427.8M | $186.0M | $55.9M | $174.9M | $297.5M |
| Impairments | $47.5M | $3.9M | $24.6M | $38.3M | $15.3M |
Shares outstanding 69.7M · Free float 67.9%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.