Churchill Downs (CHDN) Return on Capital Employed (2011 - 2026)

Churchill Downs (CHDN) recorded quarterly Return on Capital Employed of 10.41% in Q1 2026, up 2.51% quarter-over-quarter from 10.16% in Q4 2025, and down 69.0% on a YoY basis from 33.58% in Q1 2025.

Churchill Downs (CHDN) Return on Capital Employed (2011 - 2026) Analysis & Trends

Churchill Downs' Return on Capital Employed history runs 16 years deep, the most recent figure standing at 10.41% for Q1 2026.

  • In Q1 2026, Return on Capital Employed fell 69.0% year-over-year to 10.41%; the TTM figure through Mar 2026 stood at 10.41% (down 69.0% YoY), while the FY2025 annual figure was 10.29%, down 82.0% from the prior year.
  • Return on Capital Employed was 10.41% for Q1 2026 at Churchill Downs, up from 10.16% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 11.1% in Q1 2025 to a low of 6.68% in Q4 2022.
  • Historically, Return on Capital Employed has averaged 9.55% across 5 years, with a median of 10.28% in 2025.
  • Biggest YoY gain for Return on Capital Employed was 647 bps in 2022; the steepest drop was 433 bps in 2022.
  • A 5-year view of Return on Capital Employed shows it stood at 6.68% in 2022, then soared by 39 bps to 9.25% in 2023, then gained by 18 bps to 10.92% in 2024, then decreased by 7 bps to 10.16% in 2025, then increased by 3 bps to 10.41% in 2026.
  • The last three Return on Capital Employed figures came in at 10.41% (Q1 2026), 10.16% (Q4 2025), and 10.28% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Flutter Entertainment 17.90 Bn 16.81 Bn 1.84 Bn -0.45%
2 DraftKings 13.03 Bn 12.02 Bn 696.69 Mn 1.27%
3 Churchill Downs 6.18 Bn 6.02 Bn 475.00 Mn 10.41%
4 Rush Street Interactive 2.98 Bn 2.81 Bn 132.17 Mn 25.29%
5 Brightstar Lottery 2.10 Bn 1.86 Bn 553.00 Mn 28.28%
6 Accel Entertainment 1.07 Bn 801.63 Mn 109.94 Mn 11.23%
7 Codere Online Luxembourg 539.90 Mn 470.47 Mn - -
8 Bragg Gaming 273.64 Mn 265.89 Mn 18.22 Mn -20.82%
9 Inspired Entertainment 234.31 Mn 190.81 Mn 54.60 Mn 8.83%
10 High Roller Technologies 50.40 Mn 47.74 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 10.41%
Dec 31, 2025 10.16%
Sep 30, 2025 10.28%
Jun 30, 2025 10.86%
Mar 31, 2025 11.10%
Dec 31, 2024 10.92%
Sep 30, 2024 10.65%
Jun 30, 2024 10.62%
Mar 31, 2024 9.24%
Dec 31, 2023 9.25%
Sep 30, 2023 7.83%
Jun 30, 2023 7.27%
Mar 31, 2023 7.11%
Dec 31, 2022 6.68%
Sep 30, 2022 8.30%
Jun 30, 2022 10.59%
Mar 31, 2022 11.06%
Dec 31, 2021 11.01%
Sep 30, 2021 10.40%
Jun 30, 2021 10.13%