Churchill Downs Inc
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B |
| Operating income | $683.8M | $709.0M | $564.0M | $321.8M | $284.4M |
| Operating expenses | $2.2B | $2.0B | $1.9B | $1.5B | $1.3B |
| Cash from operations | $769.8M | $771.7M | $605.3M | $510.8M | $459.5M |
| Capital expenditure | $204.7M | $463.4M | $598.8M | $373.3M | $52.3M |
| Free cash flow | $565.1M | $308.3M | $6.5M | $137.5M | $407.2M |
| Share repurchases | $427.8M | $186.0M | $55.9M | $174.9M | $297.5M |
| Impairments | $47.5M | $3.9M | $24.6M | $38.3M | $15.3M |
| Total assets | $7.5B | $7.3B | $7.0B | $6.2B | $3.0B |
| Total liabilities | $6.4B | $6.2B | $6.1B | $5.7B | $2.7B |
| Total debt | $5.2B | $4.9B | $4.9B | $4.6B | $2.0B |
Shares outstanding 69.7M · Free float 67.9%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.