Churchill Downs (CHDN) Invested Capital (2010 - 2026)
Churchill Downs' Invested Capital came in at $4.49 billion for Q2 2026, up 7.2% from $4.18 billion a year earlier and up 5.8% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, Churchill Downs' Invested Capital was $4.15 billion, down 1.6% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 23.3% (FY2020 to FY2025).
- Going back by year, Invested Capital was $4.22 billion in FY2024 (+4.7%), $4.03 billion in FY2023 (+31.1%), $3.08 billion in FY2022 (+91.5%) and $1.61 billion in FY2021 (+10.1%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2010.
- Year-over-year, Invested Capital increased in six of the last eight quarters, with growth averaging 2.7%.
- The fastest year-over-year change in Invested Capital over five years came in Q1 2023 (growth of 101.2%), and the weakest in Q4 2025 (a decline of 1.6%).
- Business Quant data shows CHDN's Invested Capital at $4.24 billion (Q1 2026), $4.15 billion (Q4 2025) and $4.18 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 16.16 Bn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | 20.96 Bn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | -4.80 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | 1.14 Bn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | 4.80 Bn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 9.82 Bn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 9.44 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 5.43 Bn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | 15.25 Bn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 6.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.11 Bn |
| Mar 31, 2026 | 6.02 Bn |
| Dec 31, 2025 | 6.14 Bn |
| Sep 30, 2025 | 6.14 Bn |
| Jun 30, 2025 | 6.05 Bn |
| Mar 31, 2025 | 5.95 Bn |
| Dec 31, 2024 | 5.99 Bn |
| Sep 30, 2024 | 5.93 Bn |
| Jun 30, 2024 | 5.89 Bn |
| Mar 31, 2024 | 5.75 Bn |
| Dec 31, 2023 | 5.73 Bn |
| Sep 30, 2023 | 5.61 Bn |
| Jun 30, 2023 | 5.47 Bn |
| Mar 31, 2023 | 5.13 Bn |
| Dec 31, 2022 | 5.16 Bn |
| Sep 30, 2022 | 3.11 Bn |
| Jun 30, 2022 | 3.10 Bn |
| Mar 31, 2022 | 1.62 Bn |
| Dec 31, 2021 | 1.61 Bn |
| Sep 30, 2021 | 1.64 Bn |
API Access
Churchill Downs Invested Capital 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=invested-capital&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();