Churchill Downs (CHDN) Cash from Operations (2010 - 2026)
Churchill Downs' Cash from Operations came in at $148 million for Q3 2026, down 20.9% from $187 million a year earlier and down 31.8% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Cash from Operations (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Churchill Downs reported Cash from Operations of $755.8 million, down 6.1% year-over-year; for FY2025, it was $769.8 million, down 0.2% from FY2024.
- Cash from Operations carries a five-year compound annual growth rate of 40.0% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $771.7 million in FY2024 (+27.5%), $605.3 million in FY2023 (+18.5%), $510.8 million in FY2022 (+11.2%) and $459.5 million in FY2021 (+220.9%).
- The five-year range for quarterly Cash from Operations is $43.7 million (Q3 2022) to $295 million (Q1 2026).
- Year-over-year, Cash from Operations increased in four of the last eight quarters, with growth averaging 0.4%.
- The fastest year-over-year change in Cash from Operations over five years came in Q3 2023 (growth of 120.1%), and the weakest in Q4 2025 (a decline of 26.6%).
- Business Quant data shows CHDN's Cash from Operations at $217 million (Q2 2026), $295 million (Q1 2026) and $95.8 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 870.00 Mn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | 211.00 Mn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 262.12 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 111.44 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 96.82 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 532.46 Mn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 57.65 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 236.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 148.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 267.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 148.00 Mn |
| Jun 30, 2026 | 217.00 Mn |
| Mar 31, 2026 | 295.00 Mn |
| Dec 31, 2025 | 95.80 Mn |
| Sep 30, 2025 | 187.00 Mn |
| Jun 30, 2025 | 240.00 Mn |
| Mar 31, 2025 | 247.00 Mn |
| Dec 31, 2024 | 130.60 Mn |
| Sep 30, 2024 | 169.40 Mn |
| Jun 30, 2024 | 217.00 Mn |
| Mar 31, 2024 | 254.70 Mn |
| Dec 31, 2023 | 106.50 Mn |
| Sep 30, 2023 | 96.20 Mn |
| Jun 30, 2023 | 186.70 Mn |
| Mar 31, 2023 | 215.90 Mn |
| Dec 31, 2022 | 86.30 Mn |
| Sep 30, 2022 | 43.70 Mn |
| Jun 30, 2022 | 245.60 Mn |
| Mar 31, 2022 | 135.20 Mn |
| Dec 31, 2021 | 68.50 Mn |
API Access
Churchill Downs Cash from Operations 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=cash-from-operations&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();