Churchill Downs (CHDN) Gains from Equity Investments (2009 - 2026)
Churchill Downs' Gains from Equity Investments came in at $38 million for Q3 2026, up 8.6% from $35 million a year earlier but down 7.3% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Gains from Equity Investments (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Churchill Downs reported Gains from Equity Investments of $149.4 million, up 6.0% year-over-year; for FY2025, it was $139.4 million, down 3.8% from FY2024.
- Gains from Equity Investments has declined in each of the last three years, though with a five-year compound annual growth rate of 38.2% (FY2020 to FY2025).
- Going back by year, Gains from Equity Investments was $144.9 million in FY2024 (-1.0%), $146.3 million in FY2023 (-4.2%), $152.7 million in FY2022 (+6.6%) and $143.2 million in FY2021 (+417.0%).
- The five-year range for quarterly Gains from Equity Investments is $32.5 million (Q1 2022) to $42.4 million (Q3 2022).
- Year-over-year, Gains from Equity Investments has increased for three consecutive quarters, with growth averaging 1.8% over the last eight quarters.
- The fastest year-over-year change in Gains from Equity Investments over five years came in Q4 2021 (growth of 177.2%), and the weakest in Q3 2023 (a decline of 21.5%).
- Business Quant data shows CHDN's Gains from Equity Investments at $41 million (Q2 2026), $36 million (Q1 2026) and $34.4 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.00 Mn |
| Jun 30, 2026 | 41.00 Mn |
| Mar 31, 2026 | 36.00 Mn |
| Dec 31, 2025 | 34.40 Mn |
| Sep 30, 2025 | 35.00 Mn |
| Jun 30, 2025 | 37.00 Mn |
| Mar 31, 2025 | 33.00 Mn |
| Dec 31, 2024 | 36.00 Mn |
| Sep 30, 2024 | 33.40 Mn |
| Jun 30, 2024 | 37.70 Mn |
| Mar 31, 2024 | 37.80 Mn |
| Dec 31, 2023 | 35.90 Mn |
| Sep 30, 2023 | 33.30 Mn |
| Jun 30, 2023 | 38.80 Mn |
| Mar 31, 2023 | 38.30 Mn |
| Dec 31, 2022 | 37.30 Mn |
| Sep 30, 2022 | 42.40 Mn |
| Jun 30, 2022 | 40.50 Mn |
| Mar 31, 2022 | 32.50 Mn |
| Dec 31, 2021 | 40.20 Mn |
API Access
Churchill Downs Gains from Equity Investments 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=gains-from-equity-investments&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gains-from-equity-investments", "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=gains-from-equity-investments&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();