Churchill Downs (CHDN) Free Cash Flow (2009 - 2026)
Churchill Downs (CHDN) reported Free Cash Flow of $89 million for Q3 2026, down 29.9% from $127 million a year earlier and down 44.0% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Churchill Downs' Free Cash Flow came in at $529.9 million, up 17.7% year-over-year; for FY2025, it was $494.9 million, up 120.2% from FY2024.
- By year, Free Cash Flow came in at $224.7 million in FY2024, -$71.2 million in FY2023, $87.3 million in FY2022 (-76.3%) and $367.7 million in FY2021.
- Five-year quarterly Free Cash Flow spans a low of -$89.5 million in Q3 2023 and a high of $236 million in Q1 2026.
- Year over year, Free Cash Flow gained in five of the last six quarters, with growth averaging 60.9%.
- The high point for year-over-year Free Cash Flow in five years was Q2 2024 (growth of 788.9%); the low point was Q2 2023 (a decline of 93.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $159 million (Q2 2026), $236 million (Q1 2026) and $45.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | -104.78 Mn |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -153.03 Mn |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 589.00 Mn |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -43.74 Mn |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | 191.00 Mn |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | -26.64 Mn |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 310.80 Mn |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -146.93 Mn |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 146.00 Mn |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 89.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 89.00 Mn |
| Jun 30, 2026 | 159.00 Mn |
| Mar 31, 2026 | 236.00 Mn |
| Dec 31, 2025 | 45.90 Mn |
| Sep 30, 2025 | 127.00 Mn |
| Jun 30, 2025 | 155.00 Mn |
| Mar 31, 2025 | 167.00 Mn |
| Dec 31, 2024 | 1.20 Mn |
| Sep 30, 2024 | 43.80 Mn |
| Jun 30, 2024 | 80.00 Mn |
| Mar 31, 2024 | 99.70 Mn |
| Dec 31, 2023 | -71.90 Mn |
| Sep 30, 2023 | -89.50 Mn |
| Jun 30, 2023 | 9.00 Mn |
| Mar 31, 2023 | 81.20 Mn |
| Dec 31, 2022 | -73.50 Mn |
| Sep 30, 2022 | -52.90 Mn |
| Jun 30, 2022 | 134.00 Mn |
| Mar 31, 2022 | 79.70 Mn |
| Dec 31, 2021 | 28.80 Mn |
API Access
Churchill Downs Free Cash Flow 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=free-cash-flow&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();