Churchill Downs Inc(CHDN)— Stock Profile, AI Score & Financials
Communication Services · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Churchill Downs Inc (CHDN) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores CHDN at 61.2/100 on a 32-signal composite quality model, placing it at rank #802 of 2,962 stocks — the top half of the AI-ranked universe. CHDN scores in the top quartile across institutional flow (89.2), free cash flow (86.7), earnings quality (78.0). Areas of concern include revenue growth (34.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Churchill Downs Inc reports quarterly revenue of $980.0M, net income of $241.0M. Top institutional holders of CHDN by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. CHDN trades on the Nasdaq exchange and files with the SEC under CIK 20212. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CHDN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Churchill Downs Inc directly from SEC EDGAR.
AI Quality Score
61.2/100
AI Rank
#802
Revenue
$980.0M
Net Income
$241.0M
CHDN key financials by period
Churchill Downs Inc reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$2.9B
$383.0M
23.4%
FY 2024
10-K
$2.7B
$426.8M
25.9%
FY 2023
10-K
$2.5B
$417.3M
22.9%
FY 2022
10-K
$1.8B
$439.4M
17.8%
FY 2021
10-K
$1.6B
$249.1M
17.8%
FY 2020
10-K
$1.1B
$-81.9M
5.7%
Institutions holding CHDN
Institutional investors reporting a position in Churchill Downs Inc on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-29 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Churchill Downs posted Q2 FY2026 net revenue of $980M (+5% YoY) and operating income of $357M (36% margin), driven by a record-breaking Kentucky Derby Week at Churchill Downs Racetrack.
Biggest Revenue Drivers
Live and Historical Racing$543M+6% YoY
Driven by a record-breaking Derby Week at Churchill Downs Racetrack, including increased NBC broadcast, ticketing, sponsorship/licensing, and wagering revenue.
Gaming$270M+2% YoY
Increase primarily from New York, Indiana, and Maryland properties, partially offset by the cessation of HRM operations in Louisiana.
Biggest Revenue Drivers
Total revenue: $980M+5% YoY
Live and Historical Racing$543M+6% YoY
Driven by a record-breaking Derby Week at Churchill Downs Racetrack, including increased NBC broadcast, ticketing, sponsorship/licensing, and wagering revenue.
Increase primarily from New York, Indiana, and Maryland properties, partially offset by the cessation of HRM operations in Louisiana.
Wagering Services and Solutions$167M+6% YoY
Growth in the Horse Racing business from record-breaking Derby Week wagering.
Largest Expense Items
Gaming taxes and purses$217M+$4M YoY
Higher gaming taxes as a result of increased revenues.
Salaries and benefits$90M+$2M YoY
Normal inflationary activity resulting in increased operational costs.
Selling, general and administrative expense$61Mflat YoY
Content expense$51M+$2M YoY
Margins: Operating income margin rose to 36% from 35% YoY; operating income increased $30M, primarily from the Live and Historical Racing segment's record Derby Week, partially offset by higher gaming taxes tied to revenue growth and normal inflationary cost increases.
Watch Items from the Filing
Louisiana's 2021 Historical Horse Racing Act was ruled unconstitutional and the Company discontinued HRM operations there on May 8, 2025, negatively impacting the comparability of Gaming segment results to the prior year.
$1.7 billion outstanding under the variable-rate Credit Agreement as of June 30, 2026; a one-percentage-point rise in SOFR would reduce net income and operating cash flow by $13 million.
Current maturities of long-term debt and notes payable jumped to $663 million from $63 million, and the Company says it is exploring cash, revolver capacity, and debt markets to fund upcoming senior note maturities.
$430 million remains available under the $500 million July 2025 stock repurchase program as of June 30, 2026.
New Hampshire Live and Historical Racing Adjusted EBITDA declined $2M in the quarter due to the planned closure of the temporary Casino Salem venue during Rockingham Grand Casino construction.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
