Churchill Downs (CHDN) Free Cash Flow (2010 - 2026)
Churchill Downs (CHDN) recorded quarterly Free Cash Flow of $276.0 million in Q1 2026, up 250.7% quarter-over-quarter from $78.7 million in Q4 2025, and up 53.33% on a YoY basis from $180.0 million in Q1 2025.
Churchill Downs (CHDN) Free Cash Flow (2010 - 2026) Analysis & Trends
Churchill Downs' Free Cash Flow history runs 17 years deep, the most recent figure standing at $276.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow rose 53.33% year-over-year to $276.0 million; the TTM figure through Mar 2026 stood at $795.6 million (up 223.41% YoY), while the FY2025 annual figure was $699.6 million, up 126.92% from the prior year.
- Free Cash Flow was $276.0 million for Q1 2026 at Churchill Downs, up from $78.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $276.0 million in Q1 2026 to a low of -$163.6 million in Q3 2024.
- Historically, Free Cash Flow has averaged $84.0 million across 5 years, with a median of $93.0 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow sank 256.88% in 2022, then surged 610.22% in 2024.
- A 5-year view of Free Cash Flow shows it stood at -$60.4 million in 2022, then rose by 22.85% to -$46.6 million in 2023, then jumped by 175.11% to $35.0 million in 2024, then surged by 124.86% to $78.7 million in 2025, then soared by 250.7% to $276.0 million in 2026.
- The last three Free Cash Flow figures came in at $276.0 million (Q1 2026), $78.7 million (Q4 2025), and $166.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 305.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | -55.52 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 276.00 Mn |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 12.15 Mn |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 275.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 19.88 Mn |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | -765,940.63 |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | 23.00 Mn |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 276.00 Mn |
| Mar 31, 2026 | 276.00 Mn |
| Dec 31, 2025 | 78.70 Mn |
| Dec 31, 2025 | 78.70 Mn |
| Sep 30, 2025 | 166.30 Mn |
| Sep 30, 2025 | 166.30 Mn |
| Jun 30, 2025 | 274.60 Mn |
| Jun 30, 2025 | 274.60 Mn |
| Mar 31, 2025 | 180.00 Mn |
| Mar 31, 2025 | 180.00 Mn |
| Dec 31, 2024 | 35.00 Mn |
| Dec 31, 2024 | 35.00 Mn |
| Sep 30, 2024 | -163.60 Mn |
| Sep 30, 2024 | -163.60 Mn |
| Jun 30, 2024 | 194.60 Mn |
| Jun 30, 2024 | 194.60 Mn |
| Mar 31, 2024 | 242.30 Mn |
| Mar 31, 2024 | 242.30 Mn |
| Dec 31, 2023 | -46.60 Mn |
| Dec 31, 2023 | -46.60 Mn |