📊 CHDN Key Takeaways
Investment Thesis
Churchill Downs demonstrates strong operational profitability with a 23.4% operating margin and impressive 37.9% ROE, supported by robust free cash flow generation of $208.8M. However, the company faces significant financial leverage with a 5.02x debt-to-equity ratio and weak liquidity position (0.60x current ratio), raising concerns about financial flexibility despite the exceptional 1082.8% YoY revenue growth which appears anomalous and warrants scrutiny.
CHDN Strengths
- Strong operating margins of 23.4% demonstrate efficient business operations
- Excellent return on equity of 37.9% shows effective capital deployment
- Solid free cash flow generation of $208.8M with 7.1% FCF margin
- Healthy interest coverage ratio of 9.7x indicates ability to service debt
- Consistent net income growth of 0.9% YoY despite operational challenges
CHDN Risks
- Critically high debt-to-equity ratio of 5.02x indicates excessive financial leverage
- Poor liquidity position with current ratio of 0.60x and quick ratio of 0.59x
- Anomalous 1082.8% YoY revenue growth requires investigation into accounting changes, acquisitions, or data quality
- Low cash position of $200.6M relative to $5.1B long-term debt creates refinancing risk
- ROA of only 5.1% suggests limited efficiency in asset utilization
Key Metrics to Watch
- Trend in debt-to-equity ratio and refinancing schedule for $5.1B debt
- Cash flow sustainability and capital expenditure requirements
- Operating margin maintenance in normalized revenue environment
- Working capital trends and liquidity improvement initiatives
- Details on 1082.8% revenue growth driver and revenue quality
CHDN Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CHDN Profitability Ratios
CHDN vs Default Sector
How Churchill Downs Inc compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CHDN Balance Sheet & Liquidity
CHDN 5-Year Financial Trend
5-Year Trend Summary: Churchill Downs Inc's revenue has grown significantly by 19% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.18 reflects profitable operations.
CHDN Growth Metrics (YoY)
CHDN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $628.5M | $38.1M | $0.54 |
| Q2 2025 | $890.7M | $76.7M | $2.79 |
| Q1 2025 | $590.9M | $76.7M | $1.02 |
| Q3 2024 | $572.5M | $61.0M | $0.79 |
| Q2 2024 | $768.5M | $80.4M | $1.86 |
| Q1 2024 | $559.5M | $80.4M | $1.08 |
| Q3 2023 | $383.1M | $42.1M | $0.74 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CHDN Capital Allocation
CHDN SEC Filings
Access official SEC EDGAR filings for Churchill Downs Inc (CIK: 0000020212)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CHDN
What is the AI rating for CHDN?
Churchill Downs Inc (CHDN) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CHDN's key strengths?
Strong operating margins of 23.4% demonstrate efficient business operations. Excellent return on equity of 37.9% shows effective capital deployment.
What are the risks of investing in CHDN?
Critically high debt-to-equity ratio of 5.02x indicates excessive financial leverage. Poor liquidity position with current ratio of 0.60x and quick ratio of 0.59x.
What is CHDN's revenue and growth?
Churchill Downs Inc reported revenue of $2.9B.
Does CHDN pay dividends?
Churchill Downs Inc pays dividends, with $30.8M distributed to shareholders in the trailing twelve months.
Where can I find CHDN SEC filings?
Official SEC filings for Churchill Downs Inc (CIK: 0000020212) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CHDN's EPS?
Churchill Downs Inc has a diluted EPS of $5.49.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.