Churchill Downs Incorporated (CHDN) Financial Ratios: P/E, ROE & More

Churchill Downs Incorporated (CHDN) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Churchill Downs Incorporated had a P/E ratio of 20.71 (down from 23.00), return on equity of 35.7% (down from 43.0%), debt-to-equity of 4.92 (up from 4.46) and a current ratio of 0.60 (up from 0.56). A current ratio of 0.60 means current liabilities exceed current assets. Its dividend yield was 0.38% with a payout ratio of 8.0%.

Churchill Downs Incorporated Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	20.71	23.00	24.12	18.00	36.99	-
Forward P/E	17.86	19.59	23.51	16.92	26.39	43.71
P/S Ratio	2.71	3.59	4.09	4.37	5.77	7.29
P/B Ratio	7.51	8.90	11.26	14.34	30.03	20.94
Price/FCF	16.03	43.49	-	69.80	37.81	-
Price/OCF	10.31	12.70	16.61	14.73	27.46	54.16
PEG Ratio	1.82	1.50	1.18	0.60	0.15	2.15
Enterprise Value Ratios
EV/Revenue	4.45	5.34	5.95	6.09	6.83	8.79
EV/EBITDA	13.60	16.46	19.51	21.81	27.22	57.09
EV/EBIT	17.66	20.83	24.70	27.40	35.44	117.65
EV/FCF	26.28	64.67	-	97.27	44.74	-
Profitability & Returns
Return on Equity (ROE)	35.71%	42.98%	57.75%	102.39%	73.93%	3.03%
Return on Assets (ROA)	6.24%	6.16%	5.64%	5.47%	6.78%	1.88%
Return on Invested Capital (ROIC)	8.96%	9.17%	8.30%	8.28%	11.42%	4.13%
Return on Capital Employed (ROCE)	10.90%	10.70%	9.60%	7.20%	11.90%	3.50%
Leverage & Solvency Ratios
Debt/Equity	4.92	4.46	5.42	8.35	6.42	4.42
Debt/EBITDA	5.26	5.51	6.40	9.02	4.85	9.70
Debt/FCF	10.50	21.78	-	40.65	8.08	-
Liquidity Ratios
Current Ratio	0.60	0.56	0.53	0.55	1.27	0.55
Quick Ratio	0.42	0.40	0.35	0.36	1.01	0.36
Efficiency Ratios
Asset Turnover	0.40	0.38	0.37	0.39	0.56	0.40
Yield & Distribution Ratios
Earnings Yield	4.83%	4.35%	4.15%	5.56%	2.70%	-1.07%
FCF Yield	6.24%	2.30%	-0.70%	1.43%	2.65%	-1.20%
Dividend Yield	0.38%	0.31%	0.28%	0.34%	0.28%	0.33%
Payout Ratio	8.04%	6.84%	6.49%	5.92%	9.96%	-
Buyback Yield	3.75%	1.97%	1.17%	1.79%	2.24%	1.23%
Total Return	4.14%	2.28%	1.45%	2.12%	2.52%	1.56%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Churchill Downs Incorporated Financial Ratios

What is Churchill Downs Incorporated's P/E ratio?

Churchill Downs Incorporated's P/E ratio was 20.71 for fiscal 2025 (period ended Dec 31, 2025). It was 23.00 a year earlier.

What is Churchill Downs Incorporated's return on equity?

Churchill Downs Incorporated's return on equity (ROE) was 35.7% for fiscal 2025 (period ended Dec 31, 2025). It was 43.0% a year earlier.

What is Churchill Downs Incorporated's debt-to-equity ratio?

Churchill Downs Incorporated's debt-to-equity ratio was 4.92 for fiscal 2025 (period ended Dec 31, 2025). It was 4.46 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition