Churchill Downs Incorporated (CHDN) — Capital Reinvestment Ratio
Latest as of December 2025:
0.83x
Churchill Downs Incorporated (CHDN) has a Capital Reinvestment Ratio of 0.83x as of December 2025, meaning it reinvests 1% of its operating cash flow ($96.00 Million) in capital expenditures ($80.10 Million). See Churchill Downs Incorporated free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.83x
Capex / Operating Cash Flow
Operating Cash Flow
$96.00 Million
USD
Capital Expenditures
$80.10 Million
USD
Data as of
Dec 2025
Most recent filing
Churchill Downs Incorporated Capital Reinvestment Ratio (1993–2025)
This chart tracks Churchill Downs Incorporated's Capital Reinvestment Ratio across 32 annual periods.
Annual Capital Reinvestment Ratio for Churchill Downs Incorporated (1993–2025)
Year-by-year Capital Reinvestment Ratio for Churchill Downs Incorporated from 1993 to 2025. For live market cap and broader valuation context, see market cap of Churchill Downs Incorporated.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.36x | $769.80 Million | $274.90 Million | ▼ -49.6% |
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow