Churchill Downs Incorporated (CHDN) — Capital Reinvestment Ratio
Churchill Downs Incorporated (CHDN) has a Capital Reinvestment Ratio of 0.27x as of June 2026, meaning it reinvests 0% of its operating cash flow ($217.00 Million) in capital expenditures ($58.00 Million). Check tangible net worth ratio of Churchill Downs Incorporated to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Churchill Downs Incorporated Capital Reinvestment Ratio (1993–2025)
This chart tracks Churchill Downs Incorporated's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see Churchill Downs Incorporated cash flow conversion.
Annual Capital Reinvestment Ratio for Churchill Downs Incorporated (1993–2025)
Year-by-year Capital Reinvestment Ratio for Churchill Downs Incorporated from 1993 to 2025. See CHDN free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.60x | $769.80 Million | $460.20 Million | ▼ -15.6% |
| 2024 | 0.71x | $772.70 Million | $547.00 Million | ▼ -36.6% |
| 2023 | 1.12x | $605.80 Million | $676.50 Million | ▲ +31.2% |
| 2022 | 0.85x | $536.80 Million | $456.80 Million | ▲ +211.0% |
| 2021 | 0.27x | $335.50 Million | $91.80 Million | ▼ -83.4% |
| 2020 | 1.65x | $141.90 Million | $234.20 Million | ▲ +192.7% |
| 2019 | 0.56x | $289.60 Million | $163.30 Million | ▼ -25.3% |
| 2018 | 0.76x | $197.80 Million | $149.40 Million | ▲ +41.0% |
| 2017 | 0.54x | $218.20 Million | $116.90 Million | ▲ +112.4% |
| 2016 | 0.25x | $226.80 Million | $57.20 Million | ▲ +45.8% |
| 2015 | 0.17x | $264.53 Million | $45.76 Million | ▼ -56.8% |
| 2014 | 0.40x | $141.62 Million | $56.74 Million | ▲ +12.9% |
| 2013 | 0.35x | $144.91 Million | $51.42 Million | ▲ +17.7% |
| 2012 | 0.30x | $144.41 Million | $43.55 Million | ▲ +109.6% |
| 2011 | 0.14x | $173.18 Million | $24.92 Million | ▼ -86.7% |
| 2010 | 1.08x | $59.86 Million | $64.70 Million | ▼ -9.9% |
| 2009 | 1.20x | $71.05 Million | $85.19 Million | ▲ +133.6% |
| 2008 | 0.51x | $78.23 Million | $40.15 Million | ▼ -42.4% |
| 2007 | 0.89x | $51.23 Million | $45.63 Million | ▲ +32.9% |
| 2006 | 0.67x | $69.51 Million | $46.60 Million | ▼ -58.0% |
| 2004 | 1.59x | $48.40 Million | $77.17 Million | ▲ +83.6% |
| 2003 | 0.87x | $47.04 Million | $40.85 Million | ▲ +35.4% |
| 2002 | 0.64x | $35.42 Million | $22.72 Million | ▲ +111.9% |
| 2001 | 0.30x | $48.31 Million | $14.63 Million | ▼ -63.2% |
| 2000 | 0.82x | $27.23 Million | $22.42 Million | ▼ -86.4% |
| 1999 | 6.06x | $39.70 Million | $240.40 Million | ▲ +214.4% |
| 1998 | 1.93x | $10.80 Million | $20.80 Million | ▲ +339.6% |
| 1997 | 0.44x | $10.50 Million | $4.60 Million | ▲ +154.4% |
| 1996 | 0.17x | $15.10 Million | $2.60 Million | ▼ -67.0% |
| 1995 | 0.52x | $16.50 Million | $8.60 Million | ▼ -74.5% |
| 1994 | 2.04x | $11.40 Million | $23.30 Million | ▲ +1170.1% |
| 1993 | 0.16x | $8.70 Million | $1.40 Million | — |