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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%
CapEx$19.0M+46.2%
Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.02B-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:CurrentFederalTaxExpenseBenefit.

The official record: Churchill Downs’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's federal?
Churchill Downs (CHDN) reported federal of $10.98M in Q4 2025.
How has Churchill Downs's federal changed year-over-year?
Churchill Downs's federal decreased by 41.6% year-over-year, from $18.8M to $10.98M.
What is the long-term trend for Churchill Downs's federal?
Over 4 years (2021 to 2025), Churchill Downs's federal has grown at a -9.7% compound annual growth rate (CAGR), from $66.1M to $43.9M.
What does federal mean?
The portion of the total income tax provision that is attributable to federal jurisdictions for the current reporting period. This metric isolates the impact of federal tax policy on the company's bottom line. It is essential for analyzing the effective tax rate and the company's tax efficiency at the national level.