Churchill Downs (CHDN) Return on Invested Capital [ROIC] (2011 - 2026)
Churchill Downs (CHDN) reported Return on Invested Capital [ROIC] of 11.74% for Q2 2026, down 1.32 percentage points from 13.06% a year earlier and unchanged from the prior quarter.
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Analysis
Churchill Downs (CHDN) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Churchill Downs posted Return on Invested Capital [ROIC] of 11.82%, down 1.04 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +7.89 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 12.86% in FY2024 (+1.07 pp), 11.79% in FY2023 (+1.87 pp), 9.92% in FY2022 (-3.53 pp) and 13.45% in FY2021 (+9.52 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] since Q1 2024.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last three quarters, with an average year-over-year change of +0.70 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2021 (a gain of 12.13 percentage points); the low point was Q4 2022 (a drop of 5.20 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.74% (Q1 2026), 11.88% (Q4 2025) and 12.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 22.37 Bn | 9.19 Bn | 1.47 Bn | 14.92% |
| 2 | DraftKings | 18.59 Bn | 14.25 Bn | 551.45 Mn | -15.70% |
| 3 | Flutter Entertainment | 13.90 Bn | 7.65 Bn | 1.71 Bn | -3.04% |
| 4 | Madison Square Garden Sports | 9.36 Bn | 8.96 Bn | 119.21 Mn | - |
| 5 | Life Time Group Holdings | 9.36 Bn | 8.59 Bn | 412.26 Mn | 8.48% |
| 6 | Wynn Resorts | 7.52 Bn | 1.07 Bn | 758.95 Mn | 10.11% |
| 7 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 9.49% |
| 8 | MGM Resorts International | 7.05 Bn | -1.13 Bn | 1.98 Bn | 10.62% |
| 9 | Caesars Entertainment | 5.87 Bn | 2.49 Bn | 1.50 Bn | 11.14% |
| 10 | Churchill Downs | 5.84 Bn | 5.11 Bn | 419.00 Mn | 8.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.44% |
| Mar 31, 2026 | 8.10% |
| 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% |
| Sep 30, 2021 | 12.13% |
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();