Churchill Downs (CHDN) Capital Expenditures (2011 - 2026)
Churchill Downs (CHDN) reported Capital Expenditures of $39 million for Q2 2026, down 40.9% from $66 million a year earlier and down 2.5% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Capital Expenditures (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Churchill Downs' Capital Expenditures came in at $150.7 million, down 55.6% year-over-year; for FY2025, it was $204.7 million, down 55.8% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of -0.6% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $463.4 million in FY2024 (-22.6%), $598.8 million in FY2023 (+60.4%), $373.3 million in FY2022 (+613.8%) and $52.3 million in FY2021 (-75.2%).
- Five-year quarterly Capital Expenditures spans a low of $13.9 million in Q3 2021 and a high of $163.5 million in Q3 2023.
- Year over year, Capital Expenditures has now declined in each of the last nine quarters, with an average decline of 47.1% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q4 2022 (growth of 552.0%); the low point was Q3 2021 (a decline of 81.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $40 million (Q1 2026), $33 million (Q4 2025) and $38.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 332.00 Mn |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | 4.59 Mn |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | 14.00 Mn |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 36,000.00 |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | 263.26 Mn |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 153.02 Mn |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 241.38 Mn |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 167.00 Mn |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | - |
| 10 | Churchill Downs | 5.27 Bn | 4.55 Bn | 419.00 Mn | 39.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.00 Mn |
| Mar 31, 2026 | 40.00 Mn |
| Dec 31, 2025 | 33.00 Mn |
| Sep 30, 2025 | 38.70 Mn |
| Jun 30, 2025 | 66.00 Mn |
| Mar 31, 2025 | 67.00 Mn |
| Dec 31, 2024 | 95.60 Mn |
| Sep 30, 2024 | 110.60 Mn |
| Jun 30, 2024 | 114.60 Mn |
| Mar 31, 2024 | 142.60 Mn |
| Dec 31, 2023 | 153.10 Mn |
| Sep 30, 2023 | 163.50 Mn |
| Jun 30, 2023 | 159.30 Mn |
| Mar 31, 2023 | 122.90 Mn |
| Dec 31, 2022 | 146.70 Mn |
| Sep 30, 2022 | 82.50 Mn |
| Jun 30, 2022 | 98.60 Mn |
| Mar 31, 2022 | 45.50 Mn |
| Dec 31, 2021 | 22.50 Mn |
| Sep 30, 2021 | 13.90 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();