Churchill Downs Inc. Income Statement
CHDN / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Churchill Downs Inc. reported $2.9B in revenue and $383M in net income for FY2025. Revenue has grown at a 15.1% compound annual rate over the past 9 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.83 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 39.0%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B | $1.1B | $1.3B | $1.0B | $882.6M | $822.4M | $0 | $0 | $0 | $0 | $0 |
| SG&A Expense | $246.2M | $237.7M | $202.3M | $164.2M | $138.5M | $114.8M | $122.0M | $90.6M | $83.5M | $79.4M | $75.6M | $76.0M | $83.1M | $73.8M | $65.5M |
| R&D Expense | - | - | - | - | - | - | - | - | - | $39.0M | $39.4M | $0 | $0 | - | - |
| Operating Income | $683.8M | $709.0M | $564.0M | $321.8M | $284.4M | $60.2M | $215.7M | $188.8M | $145.7M | $172.5M | $126.3M | $90.4M | $90.1M | $96.5M | $81.0M |
| Interest Expense | -$297.7M | -$289.8M | $268.4M | $147.3M | $84.7M | $80.0M | $70.9M | $40.1M | $49.3M | $43.7M | $28.6M | $20.8M | $6.2M | $4.5M | $8.9M |
| Income Tax | $146.9M | $144.1M | $144.5M | $169.4M | $94.5M | -$5.3M | $56.8M | $51.3M | -$19.9M | $50.7M | $44.6M | $30.1M | $30.5M | $33.1M | $34.3M |
| Net Income | $383.0M | $426.8M | $417.3M | $439.4M | $249.1M | -$81.9M | $137.5M | $352.8M | $140.5M | $108.1M | $65.2M | $46.4M | $54.9M | $58.3M | $64.4M |
| EPS (Basic) | - | - | $3.22 | -$2.07 | $3.22 | $8.54 | $2.97 | $2.17 | $3.75 | $2.17 | $3.12 | $3.39 | $3.80 | $3.39 | $3.80 |
| EPS (Diluted) | - | - | $3.18 | -$2.08 | $3.18 | $8.48 | $2.92 | $2.14 | $3.71 | $2.14 | $3.06 | $3.34 | $3.76 | $3.34 | $3.76 |
| Shares Outstanding | 71.8M | 73.5M | 74.8M | 38.1M | 38.1M | 39.7M | 40.4M | 46.2M | 16.5M | 50.5M | 17.9M | 17.5M | 17.1M | 17.5M | 17.1M |
| Operating Margin | 23.4% | 25.9% | 22.9% | 17.8% | 17.8% | 5.7% | 16.2% | 18.7% | 16.5% | 21.0% | - | - | - | - | - |
| Profit Margin | 13.1% | 15.6% | 17.0% | 24.3% | 15.6% | -7.8% | 10.3% | 35.0% | 15.9% | 13.1% | - | - | - | - | - |