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Churchill Downs CHDN Redeemable noncontrolling interests in subsidiaries

Redeemable noncontrolling interests in subsidiaries at other companies

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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$6.15B-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:RedeemableNoncontrollingInterestEquityCarryingAmount.

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 redeemable noncontrolling interests in subsidiaries?
Churchill Downs (CHDN) reported redeemable noncontrolling interests in subsidiaries of $48M in Q1 2026.
How has Churchill Downs's redeemable noncontrolling interests in subsidiaries changed year-over-year?
Churchill Downs's redeemable noncontrolling interests in subsidiaries increased by 124.3% year-over-year, from $21.4M to $48M.
What does redeemable noncontrolling interests in subsidiaries mean?
This represents the portion of equity in a subsidiary that is held by third parties but includes a redemption feature that allows the holder to force the company to buy back the interest. Because of the redemption feature, these interests are often classified outside of permanent equity. It highlights potential future cash outflows required to settle these minority stakes.