Churchill Downs (CHDN) Return on Capital Employed (2011 - 2026)
Churchill Downs' quarterly Return on Capital Employed came in at 10.41% in Q1 2026, down 69.0% year-on-year from 33.58% in Q1 2025, and up 2.51% quarter-over-quarter from 10.16% in Q4 2025.
Churchill Downs has reported Return on Capital Employed for 16 years, with the latest figure at 10.41% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 69.0% year-over-year to 10.41%; the trailing twelve-month figure through Mar 2026 stood at 10.41% (down 69.0% YoY), and the FY2025 full-year result was 10.29%, down 82.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 10.41%, up from 10.16% in the prior quarter.
- The five-year high for Return on Capital Employed was 11.1% in Q1 2025, with the low at 6.68% in Q4 2022.
- Average Return on Capital Employed over 5 years is 9.55%, with a median of 10.28% recorded in 2025.
- Peak annual rise in Return on Capital Employed reached 647 bps in 2022, while the deepest fall reached 433 bps in 2022.
- Tracing CHDN's Return on Capital Employed over 5 years: stood at 6.68% in 2022, then jumped by 39 bps to 9.25% in 2023, then advanced by 18 bps to 10.92% in 2024, then slipped by 7 bps to 10.16% in 2025, then rose 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 | 18.39 Bn | 17.30 Bn | 1.84 Bn | -0.45% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 1.27% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 10.41% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 25.29% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 11.23% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -20.82% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 8.83% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 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% |
| Mar 31, 2021 | 4.59% |
| Dec 31, 2020 | 2.23% |
| Sep 30, 2020 | 1.48% |
| Jun 30, 2020 | 0.71% |
| Mar 31, 2020 | 6.95% |
| Dec 31, 2019 | 9.56% |
| Sep 30, 2019 | 9.75% |
| Jun 30, 2019 | 9.75% |
| Mar 31, 2019 | 10.92% |
| Dec 31, 2018 | 12.92% |
| Sep 30, 2018 | 10.98% |
| Jun 30, 2018 | 12.39% |
| Mar 31, 2018 | 9.29% |
| Dec 31, 2017 | 7.71% |
| Sep 30, 2017 | 10.09% |
| Jun 30, 2017 | 9.74% |
| Mar 31, 2017 | 9.19% |
| Dec 31, 2016 | 9.74% |
| Sep 30, 2016 | 7.67% |
| Jun 30, 2016 | 7.56% |
| Mar 31, 2016 | 7.04% |
| Dec 31, 2015 | 6.92% |
| Sep 30, 2015 | 5.85% |
| Jun 30, 2015 | 5.79% |
| Mar 31, 2015 | 4.26% |
| Dec 31, 2014 | 5.99% |
| Sep 30, 2014 | 8.37% |
| Jun 30, 2014 | 8.86% |
| Mar 31, 2014 | 7.80% |
| Dec 31, 2013 | 8.14% |
| Sep 30, 2013 | 9.55% |
| Jun 30, 2013 | 10.53% |
| Mar 31, 2013 | 13.18% |
| Dec 31, 2012 | 15.57% |
| Sep 30, 2012 | 12.65% |
| Jun 30, 2012 | 13.42% |
| Mar 31, 2012 | 11.36% |
| Dec 31, 2011 | 10.40% |
| Sep 30, 2011 | 8.60% |