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Companies/Churchill Downs Incorporated
Company profile

Churchill Downs Incorporated

NASDAQ: CHDN · Consumer Cyclical · Gambling, Resorts & Casinos
PublicHQ Louisville, KY · JeffersonCIK 0000020212Reports USD
#165 of 624 Consumer Cyclical companies by revenue66th-percentile growth
EA Score
75B+
FH 75DQ 78GM 69SS 79
v0.1 · 65/100 weight · provisional
↑ filing timeliness, operating margin · ↓ balance-sheet leverage, Altman-Z
Methodology →
Revenue TTM
$2.9B
Rev growth YoY (TTM)
+5.8%
Net income (FY)
$383.0M
Employees
6,480
Market cap
$6.3B
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$2.9B$2.9B2025
Net income$383.0M$383.0M2025
Operating income$683.8M$683.8M2025
Total assets$7.5B$7.5B2025
Liabilities$6.4B$6.4B2025
Equity$1.0B$1.0B2025

Revenue trend

FY2020 – FY2025 · USD
$185.1M
FY20
$337.8M
FY20
$1.1B
FY20
$1.6B
FY23
$1.8B
FY23
$2.5B
FY23
$2.7B
FY24
$2.9B
FY25

Revenue by segment

Filed disclosures · FY2025
By product
Gaming34%
Pari-Mutuel, Historical Racing33%
Pari-Mutuel, Live And Simulcast Racing16%
Product and Service, Other10%
Racing Event-Related Services6%
By geography

Not disclosed.

The read

Churchill Downs Incorporated booked $2.9B in FY2025 revenue, growing 7.0% year over year — faster than most Consumer Cyclical companies we track, at a 13.1% net margin.

Peers · Consumer Cyclical
Floor & Decor Holdings, Inc.65BV.F. Corporation71BAutoNation, Inc.74BCrocs, Inc.58C
Neighbors
Jefferson →
Humana Inc.$5.8B86AYum! Brands, Inc.$8.2B75B+Texas Roadhouse, Inc.$5.9B73BBrown-Forman Corporation$3.9B74BStock Yards Bancorp, Inc.$23.4M59CTurning Point Brands, Inc.$463.1M72B
Key facts
CEOWilliam C. Carstanjen
SectorConsumer Cyclical
IndustryGambling, Resorts & Casinos
HeadquartersLouisville, KY
ExchangeNASDAQ: CHDN
Employees6,480
IPO date1993-03-29
Latest filings
8-K2026-04-2210-Q2026-04-228-K2026-04-21DEF 14A2026-03-1210-K2026-02-258-K2026-02-258-K2025-10-2210-Q2025-10-22
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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