Company / Working Capital
Churchill Downs Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$290.1M
FY2025
5-year range
-$355.0M / $106.5M
FY2021-FY2025
Trend
+8.5%
vs FY2024
Sector context
#187 of 212
Consumer Discretionary
What the data says
Churchill Downs Inc.'s working capital of -$290M is lower than 88% of companies in the Consumer Discretionary sector (FY2025). Working Capital has fluctuated over the past 10 years, ranging from -$355M in FY2023 to $107M in FY2021.
Based on SEC 10-K filings.
-$290M in FY2025.
Improved from -$355M to -$290M over the past 2 years.
Consumer Discretionary sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 12% in Consumer DiscretionaryTop 88% of 212This company -$290.1M Sector average $847.6M
▼
-134.2% below sector average
Key checks
Key Insights
- In FY2025, working capital increased 8.5% year-over-year.
- Ranks #187 out of 212 companies in the Consumer Discretionary sector.
- Peak working capital was recorded in FY2021.
- Lowest working capital in the period was in FY2023.
Company context
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.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$290.1M | +8.5% |
| FY2024 | -$317.0M | +10.7% |
| FY2023 | -$355.0M | -28.1% |
| FY2022 | -$277.1M | -360.2% |
| FY2021 | $106.5M | +156.3% |
| FY2020 | -$189.1M | -136.4% |
| FY2019 | -$80.0M | -429.8% |
| FY2018 | -$15.1M | +92.3% |
| FY2017 | -$197.1M | +11.3% |
| FY2016 | -$222.1M | +47.2% |
As of FY2025 · SEC 10-K · Updated Jul 4, 2026