What is Churchill Downs's goodwill?

Churchill Downs (CHDN) reported goodwill of $900M in Q1 2026.

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

Churchill Downs's goodwill decreased by 0.0% year-over-year, from $900.2M to $900M.

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

Over 5 years (2020 to 2025), Churchill Downs's goodwill has grown at a 19.7% compound annual growth rate (CAGR), from $366.8M to $900M.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Churchill Downs CHDN Goodwill

Goodwill at other companies

MGM Resorts InternationalMGM

$4.89B-5.4%

Caesars Entertainment, Inc.CZR

$10.44B-1.5%

DraftKings Inc.DKNG

$1.6B+2.7%

Boyd GamingBYD

$957.95M0.0%

Flutter EntertainmentFLUT

$15.65B+13.9%

Red Rock Resorts, Inc.RRR

$195.68M0.0%

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%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

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:Goodwill.

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 goodwill?: Churchill Downs (CHDN) reported goodwill of $900M in Q1 2026.
How has Churchill Downs's goodwill changed year-over-year?: Churchill Downs's goodwill decreased by 0.0% year-over-year, from $900.2M to $900M.
What is the long-term trend for Churchill Downs's goodwill?: Over 5 years (2020 to 2025), Churchill Downs's goodwill has grown at a 19.7% compound annual growth rate (CAGR), from $366.8M to $900M.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.