Churchill Downs, Incorporated (CHDN)

From the record

Churchill Downs, Incorporated's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Churchill Downs, Incorporated's 5 filed years say what it did: revenue went from $1.6 billion in fiscal 2021 to $2.9 billion in fiscal 2025, up 16.3% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 5 of 5 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Churchill Downs, Incorporated's diluted share count shrank about 2.3% a year, and dividends and buybacks returned about 35% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-10-02 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Churchill Downs, Incorporated earned about 38 cents of profit for every dollar of shareholders' money. Leverage: it owed about 87 cents per dollar of assets, and net share issuance: its share count shrank 3.8% over the year (the filed statements).

From the record

Churchill Downs, Incorporated's standing among 5 graded names in its industry family: revenue of $2.9 billion in fiscal 2025 ranks in the top 30% by size; a net margin of 13.1% ranks in the top 30%; revenue growth of 17.4% a year over the last 3 filed years ranks in the top 50% (its annual reports).

From the record

Churchill Downs, Incorporated's leadership, from its insiders' filings and its current reports: the chief executive on the record is Carstanjen, William C (Chief Executive Officer, as filed), filing under that title since 2015-03-25, 11.6 years (top 17% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 9.3 years (top 10%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 30%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Churchill Downs, Incorporated's room to grow, from the newest filed statements (fiscal 2025): cash of $201 million against debt of $5.1 billion leaves -65% of its assets as net cash, bottom 30% of its family; cash from operations less capital spending is 26.3% of revenue (top 10%) (its annual report).

From the record

Churchill Downs, Incorporated's growth drivers, from the filed years to fiscal 2025: revenue grew 17.4% a year over the last three filed years against 16.3% over all 5, speeding up (top 50% of its family); the newest year grew 7% (bottom 30%); capital spending grew -1.6% a year (bottom 10%) (its annual reports). Churchill Downs, Incorporated reported 4 product lines in fiscal 2025: Live and Historical Racing at $1.4 billion (48%), Gaming at $1.0 billion (36%), Wagering Services and Solutions at $488 million (17%), and 1 more; 3 of 4 grew against the year before (its annual report).

From the record

Churchill Downs, Incorporated's newest year against its own record: revenue of $2.9 billion in fiscal 2025 came in 12.9% below the $3.4 billion its prior three years' pace pointed to (top 50% of its family); net income of $383 million against a prior three-year average of $428 million (bottom 30%); a net margin of 13.1% against 18.9% before (bottom 30%) (its annual reports).