Church Downs Financials
This page shows Church Downs (CHDN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Church Downs has an operating margin of 25.9%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.9% the prior year.
Church Downs's revenue grew 11.1% year-over-year to $2.7B, a solid pace of expansion. This earns a growth score of 60/100.
Church Downs has elevated debt relative to equity (D/E of 4.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Church Downs's current ratio of 0.57 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 3/100, which could limit financial flexibility.
Church Downs earns a strong 39.4% return on equity (ROE), meaning it generates $39 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 46.7% the prior year.
Church Downs scores 1.48, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Church Downs passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Church Downs generates $1.81 in operating cash flow ($771.7M OCF vs $426.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Church Downs earns $2.4 in operating income for every $1 of interest expense ($709.0M vs $289.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Church Downs generated $2.7B in revenue in fiscal year 2024. This represents an increase of 11.1% from the prior year.
Church Downs's EBITDA was $908.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.9% from the prior year.
Church Downs reported $426.8M in net income in fiscal year 2024. This represents an increase of 2.3% from the prior year.
Church Downs earned $5.68 per diluted share (EPS) in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Church Downs held $175.5M in cash against $4.8B in long-term debt as of fiscal year 2024.
Church Downs paid $0.41 per share in dividends in fiscal year 2024. This represents an increase of 7.1% from the prior year.
Church Downs had 74M shares outstanding in fiscal year 2024. This represents a decrease of 0.2% from the prior year.
Church Downs's operating margin was 25.9% in fiscal year 2024, reflecting core business profitability. This is up 3.0 percentage points from the prior year.
Church Downs's net profit margin was 15.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.
Church Downs's ROE was 39.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 7.3 percentage points from the prior year.
Church Downs spent $186.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 232.7% from the prior year.
CHDN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $683.0M-26.9% | $934.4M+45.4% | $642.6M+2.9% | $624.2M-0.7% | $628.5M-29.4% | $890.7M+50.7% | $590.9M+5.3% | $561.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $0 | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $59.3M-2.6% | $60.9M+11.7% | $54.5M-17.0% | $65.7M+9.9% | $59.8M+4.2% | $57.4M+4.7% | $54.8M+6.0% | $51.7M |
| Operating Income | $98.0M-70.1% | $327.7M+143.5% | $134.6M+6.2% | $126.8M+0.7% | $125.9M-61.8% | $330.0M+161.3% | $126.3M+18.9% | $106.2M |
| Interest Expense | $75.6M+1.9% | $74.2M+2.6% | $72.3M-0.7% | $72.8M-0.4% | $73.1M-0.5% | $73.5M+4.4% | $70.4M-0.3% | $70.6M |
| Income Tax | $22.0M-70.4% | $74.4M+297.9% | $18.7M0.0% | $18.7M-6.0% | $19.9M-76.3% | $84.1M+293.0% | $21.4M+49.7% | $14.3M |
| Net Income | $38.1M-82.4% | $216.9M+182.8% | $76.7M+7.0% | $71.7M+9.6% | $65.4M-68.8% | $209.3M+160.3% | $80.4M+39.6% | $57.6M |
| EPS (Diluted) | $0.54-81.9% | $2.99+193.1% | $1.02+7.4% | $0.95+10.5% | $0.86-69.2% | $2.79+158.3% | $1.08+36.7% | $0.79 |
CHDN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.5B+1.1% | $7.4B+0.4% | $7.3B+1.0% | $7.3B+1.4% | $7.2B0.0% | $7.2B+1.5% | $7.1B+1.6% | $7.0B |
| Current Assets | $414.9M-10.6% | $464.0M+2.6% | $452.4M+9.7% | $412.3M+6.4% | $387.4M-11.1% | $436.0M+4.8% | $416.0M+3.8% | $400.8M |
| Cash & Equivalents | $180.5M-1.0% | $182.4M+4.7% | $174.2M-0.7% | $175.5M+14.9% | $152.7M+8.8% | $140.3M-6.1% | $149.4M+3.4% | $144.5M |
| Inventory | $12.4M-1.6% | $12.6M+8.6% | $11.6M0.0% | $11.6M | N/A | N/A | N/A | $17.2M |
| Accounts Receivable | $89.7M-24.2% | $118.4M+9.0% | $108.6M+10.0% | $98.7M+5.9% | $93.2M-31.5% | $136.1M+18.3% | $115.0M+7.6% | $106.9M |
| Goodwill | $900.2M0.0% | $900.2M0.0% | $900.2M0.0% | $900.2M0.0% | $900.2M0.0% | $900.2M0.0% | $900.2M0.0% | $899.9M |
| Total Liabilities | $6.4B+1.0% | $6.3B+0.9% | $6.3B+1.3% | $6.2B+1.9% | $6.1B-1.1% | $6.1B-1.9% | $6.2B+2.9% | $6.1B |
| Current Liabilities | $725.2M-6.1% | $772.1M-8.7% | $846.1M+16.0% | $729.3M+2.7% | $710.1M-7.0% | $763.2M-8.8% | $837.2M+10.8% | $755.8M |
| Long-Term Debt | $5.0B+2.0% | $4.9B+2.7% | $4.8B-0.6% | $4.8B+1.5% | $4.8B-0.4% | $4.8B-1.4% | $4.9B+1.9% | $4.8B |
| Total Equity | $1.0B-0.6% | $1.0B-2.8% | $1.1B-1.1% | $1.1B-1.2% | $1.1B+6.4% | $1.0B+24.7% | $826.9M-7.5% | $893.6M |
| Retained Earnings | $1.0B-0.6% | $1.0B-2.8% | $1.1B-1.1% | $1.1B-1.1% | $1.1B+6.2% | $1.0B+24.7% | $827.8M-7.5% | $894.5M |
CHDN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $187.7M-21.7% | $239.6M-2.8% | $246.5M+88.7% | $130.6M-22.9% | $169.4M-21.9% | $217.0M-14.8% | $254.7M+139.2% | $106.5M |
| Capital Expenditures | $10.4M-43.3% | $18.3M-9.2% | $20.2M+6.6% | $18.9M+64.5% | $11.5M-6.5% | $12.3M-11.5% | $13.9M+110.6% | $6.6M |
| Free Cash Flow | -$15.2M-131.2% | $48.9M+53.8% | $31.8M+173.1% | $11.6M-66.2% | $34.4M-73.9% | $131.7M+133.5% | $56.4M+36.6% | $41.3M |
| Investing Cash Flow | -$255.3M-196.9% | -$86.0M-7.4% | -$80.1M+38.1% | -$129.4M-2.9% | -$125.7M+8.0% | -$136.7M+10.9% | -$153.4M+9.0% | -$168.5M |
| Financing Cash Flow | $50.5M+136.3% | -$139.2M+5.9% | -$147.9M-835.8% | $20.1M+146.5% | -$43.2M+40.3% | -$72.4M+28.4% | -$101.1M-211.6% | $90.6M |
| Dividends Paid | $0-100.0% | $100K-99.7% | $30.1M+5920.0% | $500K+600.0% | -$100K-150.0% | $200K-99.3% | $28.6M+9433.3% | $300K |
| Share Buybacks | $54.9M-78.4% | $254.5M+194.6% | $86.4M+216.5% | $27.3M+582.5% | $4.0M-69.2% | $13.0M-90.8% | $141.7M+605.0% | $20.1M |
CHDN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 14.3%-20.7pp | 35.1%+14.1pp | 20.9%+0.6pp | 20.3%+0.3pp | 20.0%-17.0pp | 37.0%+15.7pp | 21.4%+2.4pp | 18.9% |
| Net Margin | 5.6%-17.6pp | 23.2%+11.3pp | 11.9%+0.5pp | 11.5%+1.1pp | 10.4%-13.1pp | 23.5%+9.9pp | 13.6%+3.4pp | 10.3% |
| Return on Equity | 3.7%-17.1pp | 20.8%+13.7pp | 7.2%+0.5pp | 6.6%+0.7pp | 6.0%-14.3pp | 20.3%+10.6pp | 9.7%+3.3pp | 6.5% |
| Return on Assets | 0.5%-2.4pp | 2.9%+1.9pp | 1.0%+0.0pp | 1.0%+0.1pp | 0.9%-2.0pp | 2.9%+1.8pp | 1.1%+0.3pp | 0.8% |
| Current Ratio | 0.57-0.0 | 0.60+0.1 | 0.53-0.0 | 0.57+0.0 | 0.55-0.0 | 0.57+0.1 | 0.50-0.0 | 0.53 |
| Debt-to-Equity | 4.87+0.1 | 4.74+0.3 | 4.49+0.0 | 4.47+0.1 | 4.35-0.3 | 4.65-1.2 | 5.88+0.5 | 5.34 |
| FCF Margin | -8.8%-24.9pp | 16.1%-2.9pp | 19.0%+11.8pp | 7.2%-4.0pp | 11.2%-16.4pp | 27.6%+6.3pp | 21.3%-1.8pp | 23.1% |
Note: The current ratio is below 1.0 (0.57), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Church Downs's annual revenue?
Church Downs (CHDN) reported $2.7B in total revenue for fiscal year 2024. This represents a 11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Church Downs's revenue growing?
Church Downs (CHDN) revenue grew by 11.1% year-over-year, from $2.5B to $2.7B in fiscal year 2024.
Is Church Downs profitable?
Yes, Church Downs (CHDN) reported a net income of $426.8M in fiscal year 2024, with a net profit margin of 15.6%.
What is Church Downs's earnings per share (EPS)?
Church Downs (CHDN) reported diluted earnings per share of $5.68 for fiscal year 2024. This represents a 3.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Church Downs's EBITDA?
Church Downs (CHDN) had EBITDA of $908.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Church Downs have?
As of fiscal year 2024, Church Downs (CHDN) had $175.5M in cash and equivalents against $4.8B in long-term debt.
What is Church Downs's operating margin?
Church Downs (CHDN) had an operating margin of 25.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Church Downs's net profit margin?
Church Downs (CHDN) had a net profit margin of 15.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Church Downs pay dividends?
Yes, Church Downs (CHDN) paid $0.41 per share in dividends during fiscal year 2024.
What is Church Downs's return on equity (ROE)?
Church Downs (CHDN) has a return on equity of 39.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Church Downs's operating cash flow?
Church Downs (CHDN) generated $771.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Church Downs's total assets?
Church Downs (CHDN) had $7.3B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Church Downs buy back shares?
Yes, Church Downs (CHDN) spent $186.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Church Downs have outstanding?
Church Downs (CHDN) had 74M shares outstanding as of fiscal year 2024.
What is Church Downs's current ratio?
Church Downs (CHDN) had a current ratio of 0.57 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Church Downs's debt-to-equity ratio?
Church Downs (CHDN) had a debt-to-equity ratio of 4.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Church Downs's return on assets (ROA)?
Church Downs (CHDN) had a return on assets of 5.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Church Downs's Altman Z-Score?
Church Downs (CHDN) has an Altman Z-Score of 1.48, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Church Downs's Piotroski F-Score?
Church Downs (CHDN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Church Downs's earnings high quality?
Church Downs (CHDN) has an earnings quality ratio of 1.81x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Church Downs cover its interest payments?
Church Downs (CHDN) has an interest coverage ratio of 2.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Church Downs?
Church Downs (CHDN) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.