Churchill Downs (CHDN) Return on Invested Capital [ROIC] (2009 - 2026)
Churchill Downs (CHDN) reported Return on Invested Capital [ROIC] of 9.02% for Q3 2026, up 0.54 percentage points from 8.48% a year earlier and up 0.58 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Churchill Downs posted Return on Invested Capital [ROIC] of 8.16%, down 0.89 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +4.23 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 9.06% in FY2024 (+1.36 pp), 7.70% in FY2023 (+0.83 pp), 6.87% in FY2022 (-6.59 pp) and 13.45% in FY2021 (+9.52 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q2 2025.
- Year over year, Return on Invested Capital [ROIC] gained in four of the last eight quarters, with an average year-over-year change of +0.18 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2021 (a gain of 8.59 percentage points); the low point was Q1 2023 (a drop of 7.31 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 8.44% (Q2 2026), 8.11% (Q1 2026) and 8.06% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 43.71 Bn | 37.08 Bn | 655.12 Mn | 9.51% |
| 2 | Vail Resorts | 27.65 Bn | 26.37 Bn | - | 8.24% |
| 3 | Las Vegas Sands | 25.32 Bn | 12.14 Bn | 1.47 Bn | 14.92% |
| 4 | DraftKings | 16.83 Bn | 12.62 Bn | 429.05 Mn | -31.36% |
| 5 | Flutter Entertainment | 14.10 Bn | 7.73 Bn | 1.52 Bn | -4.82% |
| 6 | Life Time Group Holdings | 10.44 Bn | 9.61 Bn | 419.01 Mn | 8.63% |
| 7 | MGM Resorts International | 8.43 Bn | -8.70 Mn | 1.73 Bn | 13.52% |
| 8 | MSG Knickerbockers | 7.58 Bn | 7.19 Bn | 36.67 Mn | - |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 9.62% |
| 10 | Churchill Downs | 6.84 Bn | 6.10 Bn | 207.00 Mn | 9.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.02% |
| Jun 30, 2026 | 8.44% |
| Mar 31, 2026 | 8.11% |
| Dec 31, 2025 | 8.06% |
| Sep 30, 2025 | 8.48% |
| Jun 30, 2025 | 9.14% |
| Mar 31, 2025 | 9.02% |
| Dec 31, 2024 | 8.90% |
| Sep 30, 2024 | 8.71% |
| Jun 30, 2024 | 8.63% |
| Mar 31, 2024 | 7.47% |
| Dec 31, 2023 | 7.39% |
| Sep 30, 2023 | 6.28% |
| Jun 30, 2023 | 5.91% |
| Mar 31, 2023 | 5.59% |
| Dec 31, 2022 | 5.62% |
| Sep 30, 2022 | 8.04% |
| Jun 30, 2022 | 10.59% |
| Mar 31, 2022 | 12.90% |
| Dec 31, 2021 | 12.71% |
API Access
Churchill Downs Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();