Churchill Downs Financial Ratios
NASDAQ: CHDNConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Churchill Downs ratio analysis
Churchill Downs earned a net margin of 13.1% in FY 2025, down from 15.6% a year earlier. Return on equity reached 37.9%, meaning Churchill Downs generated 0.38 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 5.08 versus 4.53 the year before, and the current ratio was 0.60.
At the end of FY 2025, CHDN traded at 21.2 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 4.7 to 37.9, with a median of 20.0. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Churchill Downs financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 21.16 | 23.40 | 24.58 | 18.51 | 37.88 | — | 19.96 | 4.74 | 13.28 | 11.72 |
| Price / sales | 2.73 | 3.60 | 4.12 | 4.43 | 5.82 | 3.66 | 2.03 | 1.65 | 2.07 | 1.50 |
| Price / book | 7.91 | 9.07 | 11.35 | 14.55 | 30.31 | 10.51 | 5.32 | 3.51 | 2.86 | 1.80 |
| Operating margin | 23.4% | 25.9% | 22.9% | 17.8% | 17.8% | 5.7% | 16.2% | 18.7% | 16.5% | 21.0% |
| Net margin | 13.1% | 15.6% | 17.0% | 24.3% | 15.6% | -7.8% | 10.3% | 35.0% | 15.9% | 13.1% |
| Free cash flow margin | 23.9% | 25.2% | 21.4% | 25.5% | 26.3% | -6.6% | 15.5% | 16.7% | 20.6% | 24.4% |
| Return on equity (ROE) | 37.9% | 39.4% | 46.7% | 79.7% | 81.2% | -22.3% | 27.1% | 74.5% | 21.9% | 15.8% |
| Return on assets (ROA) | 5.1% | 5.9% | 6.0% | 7.1% | 8.4% | -2.7% | 5.4% | 20.4% | 6.0% | 4.8% |
| Debt / equity | 5.08 | 4.53 | 5.41 | 8.35 | 6.41 | 4.42 | 2.90 | 1.87 | 1.76 | 1.35 |
| Current ratio | 0.60 | 0.57 | 0.53 | 0.55 | 1.27 | 0.55 | 0.73 | 0.94 | 0.57 | 0.53 |
| Revenue growth | 7.0% | 11.1% | 36.0% | 13.3% | 51.5% | -20.7% | 31.8% | 14.3% | 7.3% | — |
| EPS growth | -6.9% | 3.5% | -3.9% | 79.6% | — | -161.5% | -60.1% | 190.4% | 36.4% | -42.3% |