Churchill Downs Incorporated
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Churchill Downs Incorporated's yearly results (2022–2025), compared with Consumer Cyclical companies in United States. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Goodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative. Less tangible than 94% of Consumer Cyclical companies in United States.
- Tangible Assets Ratio: Of every $100 the company owns, $54 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. Less tangible than 90% of Consumer Cyclical companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
$175Over the last 3 years, every $100 of reported profit came with $175 of operating cash.
Higher than 61% of Consumer Cyclical companies in United States.
Self-Funding Ratio
1.3×Over the last 3 years its own operating cash covered its investment spending (capex) 1.3 times.
Lower than 69% of Consumer Cyclical companies in United States.
Cash Locked Ratio
—Data incomplete
Growth quality
Steadiness Ratio
3/3 · 1/3Sales grew in 3 of the last 3 years; profit grew in 1 of 3.
Steadier than 68% of Consumer Cyclical companies in United States.
Growth Efficiency Ratio
−$5Sales grew 62% in 3 years, but profit fell: $5 less profit per $100 of extra sales.
Lower than 68% of Consumer Cyclical companies in United States.
Asset Productivity Ratio
+62% / +21%In 3 years sales changed by +62% while total assets changed by +21%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
12.2×Debt due within a year is covered 12.2 times by its yearly operating cash.
Higher than 76% of Consumer Cyclical companies in United States.
Cash Cushion Ratio
−84%Debt, after subtracting cash, equals 84% of its market value (net debt).
Lower than 71% of Consumer Cyclical companies in United States.
Tangible Assets Ratio
54%Of every $100 the company owns, $54 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 90% of Consumer Cyclical companies in United States.
Tangible Net Worth Ratio
NegativeGoodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative.
Less tangible than 94% of Consumer Cyclical companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Churchill Downs Incorporated owes $0.82 for every $1 it owns. Net profit fell 10% in the year to Dec 2025, and shrank 4% a year on average over 3 years.
Compared with Consumer Cyclical companies in United States · latest annual results Dec 2025.
P/E ratio
14.4Investors pay $14.4 for every $1 of Churchill Downs Incorporated's yearly profit, lower than 70% of Consumer Cyclical companies in United States.
P/B ratio
4.39The share price is 4.39 times Churchill Downs Incorporated's book value per share, higher than 74% of Consumer Cyclical companies in United States.
Market cap
$5.9 BThe total market value of all of Churchill Downs Incorporated's shares at today's price (share price × number of shares), larger than 75% of Consumer Cyclical companies in United States. PosiCap size class: Meso Cap.
Net worth (book value)
$1.3 BWhat Churchill Downs Incorporated would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$19.24Net worth divided by the number of shares. The share price of $84.45 is 4.4 times this, which is the P/B above.
Return on equity (ROE)
33.9%Churchill Downs Incorporated earned 33.9% on its shareholders' money over the last year, higher than 87% of Consumer Cyclical companies in United States.
Owes vs Owns
0.82×Churchill Downs Incorporated owes $0.82 for every $1 it owns (high), higher than 74% of Consumer Cyclical companies in United States.
Dividend yield
0.53%Churchill Downs Incorporated pays 0.53% of its share price as dividends a year, lower than 94% of dividend-paying Consumer Cyclical companies in United States.
Revenue growth
+7%Revenue rose 7% in the year to Dec 2025, and grew 17% a year on average over 3 years.
Profit growth
-10%Net profit fell 10% in the year to Dec 2025, and shrank 4% a year on average over 3 years.
Profit margin
13.1%Churchill Downs Incorporated keeps $13 of every $100 of revenue as net profit.
Cash quality
2.0×Cash from Churchill Downs Incorporated's business was 2.0× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
2.5×Churchill Downs Incorporated's operating profit covered its interest costs 2.5 times in the year to Dec 2025.
Cash vs debt
Net debtChurchill Downs Incorporated had $4.9 B more debt than cash (net debt) at Dec 2025.
Questions
What is Churchill Downs Incorporated's P/E ratio?
Investors pay $14.4 for every $1 of Churchill Downs Incorporated's yearly profit, lower than 70% of Consumer Cyclical companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Churchill Downs Incorporated: $5.9 B ÷ $1.3 B (30 Jun 2026) = 4.4.
What is Churchill Downs Incorporated's return on equity?
Churchill Downs Incorporated earned 33.9% on its shareholders' money over the last year, higher than 87% of Consumer Cyclical companies in United States.
How much does Churchill Downs Incorporated owe compared with what it owns?
Churchill Downs Incorporated owes $0.82 for every $1 it owns (high), higher than 74% of Consumer Cyclical companies in United States.
Does Churchill Downs Incorporated pay a dividend?
Yes. Churchill Downs Incorporated pays 0.53% of its share price as dividends a year, lower than 94% of dividend-paying Consumer Cyclical companies in United States.
Is Churchill Downs Incorporated's revenue growing?
Revenue rose 7% in the year to Dec 2025, and grew 17% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.