How has Churchill Downs's income taxes at U.S. statutory rate of 21% changed year-over-year?

Churchill Downs's income taxes at U.S. statutory rate of 21% decreased by 0.0% year-over-year, from 21% to 21%.

What does income taxes at U.S. statutory rate of 21% mean?

The theoretical income tax expense calculated by applying the standard U.S. federal statutory tax rate to the company's pre-tax income. This serves as the baseline for evaluating the company's tax efficiency and the impact of various tax planning strategies.

Churchill Downs CHDN Income taxes at U.S. statutory rate of 21%

Income taxes at U.S. statutory rate of 21% at other companies

ALH

Alliance Laundry Holdings Inc.ALH

21%0.0pp

Allison Transmission HoldingsALSN

21%0.0pp

Paycom SoftwarePAYC

21%0.0pp

ESN

Essent GroupESNT

21%0.0pp

Churchill DownsCHDN

21%0.0pp

Jazz PharmaceuticalsJAZZ

12.5%—

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%

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:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate.

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 income taxes at U.S. statutory rate of 21%?: Churchill Downs (CHDN) reported income taxes at U.S. statutory rate of 21% of 21% in Q1 2026.
How has Churchill Downs's income taxes at U.S. statutory rate of 21% changed year-over-year?: Churchill Downs's income taxes at U.S. statutory rate of 21% decreased by 0.0% year-over-year, from 21% to 21%.
What does income taxes at U.S. statutory rate of 21% mean?: The theoretical income tax expense calculated by applying the standard U.S. federal statutory tax rate to the company's pre-tax income. This serves as the baseline for evaluating the company's tax efficiency and the impact of various tax planning strategies.