What is Churchill Downs's capex?

Churchill Downs (CHDN) reported capex of $19M in Q1 2026.

How has Churchill Downs's capex changed year-over-year?

Churchill Downs's capex increased by 46.2% year-over-year, from $13M to $19M.

What is the long-term trend for Churchill Downs's capex?

Over 3 years (2021 to 2025), Churchill Downs's capex has grown at a 21.1% compound annual growth rate (CAGR), from $39.5M to $70.2M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Churchill Downs CHDN CapEx

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Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Enterprise value$7.71B-19.3%

P/E15.8×-3.1×

P/S2.1×-0.8×

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's capex?: Churchill Downs (CHDN) reported capex of $19M in Q1 2026.
How has Churchill Downs's capex changed year-over-year?: Churchill Downs's capex increased by 46.2% year-over-year, from $13M to $19M.
What is the long-term trend for Churchill Downs's capex?: Over 3 years (2021 to 2025), Churchill Downs's capex has grown at a 21.1% compound annual growth rate (CAGR), from $39.5M to $70.2M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.