Churchill Downs (CHDN) Capital Expenditures (2011 - 2026)
Churchill Downs (CHDN) reported Capital Expenditures of $59 million for Q3 2026, down 1.7% from $60 million a year earlier but up 1.7% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Capital Expenditures (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Churchill Downs' Capital Expenditures came in at $225.9 million, down 36.3% year-over-year; for FY2025, it was $274.9 million, down 49.7% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $547 million in FY2024 (-19.1%), $676.5 million in FY2023 (+59.7%), $423.5 million in FY2022 (+361.3%) and $91.8 million in FY2021 (-60.8%).
- Five-year quarterly Capital Expenditures spans a low of $39.7 million in Q4 2021 and a high of $185.7 million in Q3 2023.
- Year over year, Capital Expenditures has now declined in each of the last ten quarters, with an average decline of 35.9% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q2 2022 (growth of 545.1%); the low point was Q4 2025 (a decline of 61.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $58 million (Q2 2026), $59 million (Q1 2026) and $49.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 281.00 Mn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | 20.00 Mn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 288.76 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 4.59 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 201.60 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 221.66 Mn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 36,000.00 |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 90.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 59.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 172.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 59.00 Mn |
| Jun 30, 2026 | 58.00 Mn |
| Mar 31, 2026 | 59.00 Mn |
| Dec 31, 2025 | 49.90 Mn |
| Sep 30, 2025 | 60.00 Mn |
| Jun 30, 2025 | 85.00 Mn |
| Mar 31, 2025 | 80.00 Mn |
| Dec 31, 2024 | 129.40 Mn |
| Sep 30, 2024 | 125.60 Mn |
| Jun 30, 2024 | 137.00 Mn |
| Mar 31, 2024 | 155.00 Mn |
| Dec 31, 2023 | 178.40 Mn |
| Sep 30, 2023 | 185.70 Mn |
| Jun 30, 2023 | 177.70 Mn |
| Mar 31, 2023 | 134.70 Mn |
| Dec 31, 2022 | 159.80 Mn |
| Sep 30, 2022 | 96.60 Mn |
| Jun 30, 2022 | 111.60 Mn |
| Mar 31, 2022 | 55.50 Mn |
| Dec 31, 2021 | 39.70 Mn |
API Access
Churchill Downs Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CHDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();