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| Date | Value |
|---|---|
| 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% |