Churchill Downs (CHDN) Research & Development (2015 - 2017)

Churchill Downs (CHDN) recorded quarterly Research & Development of $9.7 million in Q3 2017, down 2.02% quarter-over-quarter from $9.9 million in Q2 2017, and up 10.23% on a YoY basis from $8.8 million in Q3 2016.

Churchill Downs (CHDN) Research & Development (2015 - 2017) Analysis & Trends

Churchill Downs' Research & Development history runs 3 years deep, the most recent figure standing at $9.7 million for Q3 2017.

  • In Q3 2017, Research & Development rose 10.23% year-over-year to $9.7 million; the TTM figure through Sep 2017 stood at $39.6 million (up 2.33% YoY), while the FY2016 annual figure was $39.0 million, down 1.02% from the prior year.
  • Research & Development was $9.7 million for Q3 2017 at Churchill Downs, down from $9.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $10.8 million in Q1 2016 to a low of $8.8 million in Q3 2016.
  • Historically, Research & Development has averaged $9.8 million across 3 years, with a median of $9.9 million in 2015.
  • The sharpest annual moves came in 2016 and 2017: Research & Development slipped 11.11% in 2016, then increased 10.23% in 2017.
  • A 3-year view of Research & Development shows it stood at $9.4 million in 2015, then rose by 3.19% to $9.7 million in 2016, then changed by 0.0% to $9.7 million in 2017.
  • The last three Research & Development figures came in at $9.7 million (Q3 2017), $9.9 million (Q2 2017), and $10.3 million (Q1 2017), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Flutter Entertainment 17.90 Bn 16.81 Bn 1.84 Bn 259.00 Mn
2 DraftKings 13.03 Bn 12.02 Bn 696.69 Mn 123.18 Mn
3 Churchill Downs 6.18 Bn 6.02 Bn 475.00 Mn -
4 Rush Street Interactive 2.98 Bn 2.81 Bn 132.17 Mn -
5 Brightstar Lottery 2.10 Bn 1.86 Bn 553.00 Mn 14.00 Mn
6 Accel Entertainment 1.07 Bn 801.63 Mn 109.94 Mn -
7 Codere Online Luxembourg 539.90 Mn 470.47 Mn - -
8 Bragg Gaming 273.64 Mn 265.89 Mn 18.22 Mn -575,037.50
9 Inspired Entertainment 234.31 Mn 190.81 Mn 54.60 Mn -
10 High Roller Technologies 50.40 Mn 47.74 Mn - -

Historic Data

Download Data
DateValue
Sep 30, 2017 9.70 Mn
Jun 30, 2017 9.90 Mn
Mar 31, 2017 10.30 Mn
Dec 31, 2016 9.70 Mn
Sep 30, 2016 8.80 Mn
Jun 30, 2016 9.70 Mn
Mar 31, 2016 10.80 Mn
Dec 31, 2015 9.40 Mn
Sep 30, 2015 9.90 Mn
Jun 30, 2015 9.90 Mn
Mar 31, 2015 10.20 Mn