Churchill Downs Inc
CHDNOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $2.93B | $2.73B | $2.46B | $1.81B | $1.60B | $1.05B |
| Operating income | $683.8M | $709.0M | $564.0M | $321.8M | $284.4M | $60.2M |
| Net income | $383.0M | $426.8M | $417.3M | $439.4M | $249.1M | −$81.9M |
| Total assets | $7.48B | $7.28B | $6.96B | $6.21B | $2.98B | $2.69B |
| Total liabilities | $6.43B | $6.17B | $6.06B | $5.66B | $2.67B | $2.32B |
| Equity | $1.01B | $1.08B | $893.6M | $551.5M | $306.8M | $367.1M |
| EPS (diluted) | — | — | $5.49 | $5.71 | $3.18 | $-2.08 |
| Shares out. | 73.5M | 73.7M | 37.4M | 38.1M | 38.5M | 39.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 23.4%
- Net margin
- 13.1%
- Return on equity
- 37.9%
- Return on assets
- 5.1%
- Return on capital (ROCE)
- 10.1%
- Liabilities / assets
- 85.9%
- Debt / equity
- 6.37×
- Book value / share
- $13.73
- Revenue growth (YoY)
- 7.0%
- Net income growth (YoY)
- −10.3%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.96distress
- Accruals / assets
- −5.2%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 26, 2026
- Blackrock, Inc.Passive (13G)Apr 24, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Rankin Richard AlexDirector | Apr 21, 2026 | Grant | 2,257 | $0.00 |
| Harrington Daniel PDirector | Apr 21, 2026 | Grant | 2,257 | $0.00 |
| Grissom Douglas CDirector | Apr 21, 2026 | Grant | 2,257 | $0.00 |
| Varga Paul CDirector | Apr 21, 2026 | Grant | 2,257 | $0.00 |
| Lloyd KaroleDirector | Apr 21, 2026 | Grant | 2,257 | $0.00 |
| Carter Andrea MDirector | Apr 21, 2026 | Grant | 2,257 | $0.00 |
| Grissom Douglas CDirector | Mar 31, 2026 | Grant | 382.67 | $0.00 |
| Mudd William E.Officer — President and COO | Feb 5, 2026 | Grant | 16,648 | $0.00 |
| Carstanjen William C.Officer — Chief Executive Officer | Feb 5, 2026 | Grant | 37,727 | $0.00 |
| Blackwell Bradley K.Officer — EVP, General Counsel | Feb 5, 2026 | Grant | 6,104 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 4.1M | 4.1 | +16.8% |
| Apr 30, 2026 | 3.5M | 2.9 | +27.5% |
| Apr 15, 2026 | 2.7M | 3.6 | +9.1% |
| Mar 31, 2026 | 2.5M | 2.8 | +4.1% |
| Mar 13, 2026 | 2.4M | 1.9 | -6.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsApr 22, 2026
- Shareholder voteApr 21, 2026
- Results of operationsFeb 25, 2026
- Results of operationsOct 22, 2025
- Regulation FD disclosureAug 27, 2025
- Regulation FD disclosureJul 23, 2025
- Results of operationsJul 23, 2025
- Regulation FD disclosureJul 14, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (5)
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