Churchill Downs (CHDN) Free Cash Flow (2010 - 2026)
Churchill Downs (CHDN) posted Free Cash Flow of $178.0 million for Q2 2026, down 30.2% on a QoQ basis from $255.0 million in Q1 2026, and up 2.3% year-over-year from $174.0 million in Q2 2025.
Analysis
Churchill Downs (CHDN) Free Cash Flow (2010 - 2026) Analysis & Trends
Churchill Downs has reported Free Cash Flow for 17 years, with the latest figure at $178.0 million in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 2.3% year-over-year to $178.0 million in Q2 2026; TTM through Jun 2026 was $644.1 million, a 43.84% increase from a year earlier, with the FY2025 full-year figure at $565.1 million, up 83.3% from the prior year.
- Free Cash Flow was $178.0 million for Q2 2026 at Churchill Downs, down from $255.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $255.0 million in Q1 2026, with the low at -$67.3 million in Q3 2023.
- Average Free Cash Flow over 5 years is $80.6 million, with a median of $91.4 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow plunged 231.3% in 2022, then soared 273.72% in 2024.
- Over 5 years, Free Cash Flow stood at -$60.4 million in 2022, then gained by 22.85% to -$46.6 million in 2023, then surged by 175.11% to $35.0 million in 2024, then surged by 80.0% to $63.0 million in 2025, then surged by 182.54% to $178.0 million in 2026.
- The last three Free Cash Flow figures came in at $178.0 million (Q2 2026), $255.0 million (Q1 2026), and $63.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.90 Bn | 24.52 Bn | 1.81 Bn | 350.00 Mn |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 317.44 Mn |
| 3 | Wynn Resorts | 9.08 Bn | 7.50 Bn | 1.14 Bn | 338.90 Mn |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 304.00 Mn |
| 5 | Churchill Downs | 5.79 Bn | 5.59 Bn | 712.00 Mn | 178.00 Mn |
| 6 | Boyd Gaming | 5.71 Bn | 5.39 Bn | 766.76 Mn | -165.47 Mn |
| 7 | Red Rock Resorts | 3.17 Bn | 2.56 Bn | 420.02 Mn | 18.16 Mn |
| 8 | PENN Entertainment | 2.28 Bn | 1.39 Bn | 1.02 Bn | 143.30 Mn |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | 25.58 Mn |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | 120.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 178.00 Mn |
| Mar 31, 2026 | 255.00 Mn |
| Dec 31, 2025 | 63.00 Mn |
| Sep 30, 2025 | 148.10 Mn |
| Jun 30, 2025 | 174.00 Mn |
| Mar 31, 2025 | 180.00 Mn |
| Dec 31, 2024 | 35.00 Mn |
| Sep 30, 2024 | 58.80 Mn |
| Jun 30, 2024 | 102.40 Mn |
| Mar 31, 2024 | 112.10 Mn |
| Dec 31, 2023 | -46.60 Mn |
| Sep 30, 2023 | -67.30 Mn |
| Jun 30, 2023 | 27.40 Mn |
| Mar 31, 2023 | 93.00 Mn |
| Dec 31, 2022 | -60.40 Mn |
| Sep 30, 2022 | -38.80 Mn |
| Jun 30, 2022 | 147.00 Mn |
| Mar 31, 2022 | 89.70 Mn |
| Dec 31, 2021 | 46.00 Mn |
| Sep 30, 2021 | 42.80 Mn |