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Churchill Downs CHDN Equity Method Income

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Other financials

Income statement

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Revenue$980.0M+4.9%
Operating income$357.0M+8.9%
Net income$241.0M+11.1%
EPS (diluted)$3.42+14.4%

Balance sheet

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Cash & equivalents$295.0M+3.3%
Total debt$2.3B+18.9%
Total equity$1.3B+28.7%
Total assets$7.5B+2.0%

Cash flow

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Operating cash flow$217.0M-9.8%
CapEx$19.0M+0.5%
Free cash flow$198.0M-10.6%

Valuation

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Market cap$6.06B-15.6%
Enterprise value$8.05B-8.7%
P/E14.7×-2.0×
P/S-0.5×

Profitability

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Operating margin24.1%-1.2pp
Net margin13.8%-1.4pp
FCF margin24%-1.0pp

Returns & leverage

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Return on equity34.7%-6.9pp
Debt / equity1.7×-0.1×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The source filing: Churchill Downs’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000020212-26-000059
(in millions, except per common share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating income357327500462
Other (expense) income:
Interest expense, net(70)(75)(142)(147)
Equity in income of unconsolidated affiliates41377770
Miscellaneous, net363
Total other (expense) income(29)(35)(59)(74)
Income from operations before provision for income taxes328292441388
Income tax provision(86)(74)(116)(93)

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's equity method income?
Churchill Downs (CHDN) reported equity method income of $41M in Q2 2026.
How has Churchill Downs's equity method income changed year-over-year?
Churchill Downs's equity method income increased by 10.5% year-over-year, from $37.1M to $41M.
What is the long-term trend for Churchill Downs's equity method income?
Over 4 years (2021 to 2025), Churchill Downs's equity method income has grown at a -0.7% compound annual growth rate (CAGR), from $143.2M to $139.4M.
What does equity method income mean?
The company's proportional share of net income or loss from unconsolidated affiliates and joint ventures accounted for under the equity method.

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