Churchill Downs (CHDN) EBITDA (2010 - 2026)
Churchill Downs' EBITDA came in at $204 million for Q3 2026, up 31.6% from $155 million a year earlier but down 51.0% from the prior quarter.
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Analysis
Churchill Downs (CHDN) EBITDA (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Churchill Downs reported EBITDA of $1 billion, up 9.6% year-over-year; for FY2025, it came in at $916.9 million, up 1.0% from FY2024.
- EBITDA has increased in each of the last five years, with a five-year compound annual growth rate of 43.0% (FY2020 to FY2025).
- Going back by year, EBITDA was $908.1 million in FY2024 (+23.9%), $733 million in FY2023 (+68.3%), $435.5 million in FY2022 (+12.4%) and $387.6 million in FY2021 (+153.2%).
- The five-year range for quarterly EBITDA is $46.7 million (Q4 2022) to $416 million (Q2 2026).
- Year-over-year, EBITDA has increased for four consecutive quarters, with growth averaging 7.9% over the last eight quarters.
- The fastest year-over-year change in EBITDA over five years came in Q4 2023 (growth of 228.5%), and the weakest in Q4 2022 (a decline of 22.2%).
- Business Quant data shows CHDN's EBITDA at $416 million (Q2 2026), $199 million (Q1 2026) and $182.9 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 994.00 Mn |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | -786.00 Mn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 243.96 Mn |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | 12.17 Mn |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 356.11 Mn |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 401.29 Mn |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 32.94 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 347.00 Mn |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 204.00 Mn |
| 10 | Caesars Entertainment | 5.97 Bn | 2.39 Bn | 1.44 Bn | 823.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 204.00 Mn |
| Jun 30, 2026 | 416.00 Mn |
| Mar 31, 2026 | 199.00 Mn |
| Dec 31, 2025 | 182.90 Mn |
| Sep 30, 2025 | 155.00 Mn |
| Jun 30, 2025 | 385.00 Mn |
| Mar 31, 2025 | 194.00 Mn |
| Dec 31, 2024 | 180.20 Mn |
| Sep 30, 2024 | 175.50 Mn |
| Jun 30, 2024 | 379.20 Mn |
| Mar 31, 2024 | 173.20 Mn |
| Dec 31, 2023 | 153.40 Mn |
| Sep 30, 2023 | 154.40 Mn |
| Jun 30, 2023 | 267.40 Mn |
| Mar 31, 2023 | 157.80 Mn |
| Dec 31, 2022 | 46.70 Mn |
| Sep 30, 2022 | 90.50 Mn |
| Jun 30, 2022 | 225.80 Mn |
| Mar 31, 2022 | 72.50 Mn |
| Dec 31, 2021 | 60.00 Mn |
API Access
Churchill Downs EBITDA 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=ebitda&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();