Churchill Downs (CHDN) Return on Equity [ROE] (2009 - 2026)
Churchill Downs' Return on Equity [ROE] was 33.57% in Q3 2026, down 5.56 percentage points from 39.12% a year earlier and down 0.53 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at Churchill Downs came in at 36.82%, down 6.58 percentage points from FY2024.
- Return on Equity [ROE] has now declined for three consecutive years, though with a five-year change of +55.52 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 43.40% in FY2024 (-14.36 pp), 57.75% in FY2023 (-44.63 pp), 102.39% in FY2022 (+28.46 pp) and 73.93% in FY2021 (+92.63 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Equity [ROE] since Q1 2021.
- Compared with a year earlier, Return on Equity [ROE] has declined for four straight quarters, with an average year-over-year change of -3.38 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q4 2021 (a gain of 99.38 percentage points); the worst was Q2 2023 (a drop of 59.80 percentage points).
- Per Business Quant data, CHDN's Return on Equity [ROE] in the three quarters before Q3 2026 was 34.10% (Q2 2026), 37.18% (Q1 2026) and 37.70% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | - |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | 23.18% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 656.06% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -107.50% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -14.30% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 12.41% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 27.30% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | - |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 80.00% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 33.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.57% |
| Jun 30, 2026 | 34.10% |
| Mar 31, 2026 | 37.18% |
| Dec 31, 2025 | 37.70% |
| Sep 30, 2025 | 39.12% |
| Jun 30, 2025 | 41.01% |
| Mar 31, 2025 | 39.49% |
| Dec 31, 2024 | 39.35% |
| Sep 30, 2024 | 38.95% |
| Jun 30, 2024 | 44.05% |
| Mar 31, 2024 | 39.76% |
| Dec 31, 2023 | 46.83% |
| Sep 30, 2023 | 41.40% |
| Jun 30, 2023 | 45.79% |
| Mar 31, 2023 | 88.08% |
| Dec 31, 2022 | 75.49% |
| Sep 30, 2022 | 79.25% |
| Jun 30, 2022 | 105.59% |
| Mar 31, 2022 | 81.68% |
| Dec 31, 2021 | 77.17% |
API Access
Churchill Downs Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();