Churchill Downs (CHDN) Invested Capital (2010 - 2026)
Churchill Downs' Invested Capital came in at $6.1 billion for Q3 2026, down 0.7% from $6.14 billion a year earlier and down 0.2% 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 $6.14 billion, up 2.5% from FY2024.
- Invested Capital has increased in each of the last five years, with a five-year compound annual growth rate of 33.3% (FY2020 to FY2025).
- Going back by year, Invested Capital was $5.99 billion in FY2024 (+4.6%), $5.73 billion in FY2023 (+11.1%), $5.16 billion in FY2022 (+221.1%) and $1.61 billion in FY2021 (+10.1%).
- The five-year range for quarterly Invested Capital is $1.61 billion (Q4 2021) to $6.14 billion (Q3 2025).
- Year-over-year, Invested Capital increased in seven of the last eight quarters, with growth averaging 2.3%.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2022 (growth of 221.1%), and the weakest in Q3 2026 (a decline of 0.7%).
- Business Quant data shows CHDN's Invested Capital at $6.11 billion (Q2 2026), $6.02 billion (Q1 2026) and $6.14 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.55 Bn | 12.37 Bn | 1.47 Bn | 15.10 Bn |
| 2 | DraftKings | 20.54 Bn | 16.21 Bn | 551.45 Mn | 1.14 Bn |
| 3 | Flutter Entertainment | 14.19 Bn | 7.93 Bn | 1.71 Bn | 20.96 Bn |
| 4 | Life Time Group Holdings | 10.64 Bn | 9.81 Bn | 419.01 Mn | 4.94 Bn |
| 5 | Wynn Resorts | 8.52 Bn | 2.07 Bn | 758.95 Mn | 9.82 Bn |
| 6 | MGM Resorts International | 8.26 Bn | -177.27 Mn | 1.73 Bn | 9.04 Bn |
| 7 | Madison Square Garden Sports | 7.58 Bn | 7.18 Bn | 119.21 Mn | -4.80 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 5.40 Bn |
| 9 | Churchill Downs | 6.72 Bn | 5.98 Bn | 207.00 Mn | 6.10 Bn |
| 10 | Caesars Entertainment | 5.98 Bn | 2.57 Bn | 1.44 Bn | 15.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.10 Bn |
| 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 |
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();