Churchill Downs Incorporated Free Cash Flow Generation Index

Latest as of June 2026: 0.73x

Churchill Downs Incorporated free cash flow generation index. Churchill Downs Incorporated (CHDN) has a Free Cash Flow Generation Index of 0.73x as of June 2026. Free cash flow of $159.00 Million represents 1% of operating cash flow ($217.00 Million).

FCF Generation Index

0.73x
Free Cash Flow / Operating CF

Free Cash Flow

$159.00 Million
USD

Operating Cash Flow

$217.00 Million
USD

Capital Expenditures

$58.00 Million
USD

Free Cash Flow Generation Index of Churchill Downs Incorporated (1993–2025)

Free cash flow generation index of Churchill Downs Incorporated from 1993 to 2025. Historical FCF Generation Index trend for Churchill Downs Incorporated across 32 annual periods. See Churchill Downs Incorporated (CHDN) flexibility index to measure the company's free cash flow as a share of total liabilities.

Churchill Downs Incorporated Free Cash Flow Generation Index by Year (1993–2025)

Churchill Downs Incorporated free cash flow generation index by year from 1993 to 2025. Year-by-year Free Cash Flow Generation Index for Churchill Downs Incorporated. For the full cash flow conversion analysis, see Churchill Downs Incorporated cash conversion from operations.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.40x $309.60 Million $769.80 Million $460.20 Million ▲ +37.7%
2024 0.29x $225.70 Million $772.70 Million $547.00 Million ▲ +350.3%
2023 -0.12x $-70.70 Million $605.80 Million $676.50 Million ▼ -178.3%
2022 0.15x $80.00 Million $536.80 Million $456.80 Million ▼ -79.5%
2021 0.73x $243.70 Million $335.50 Million $91.80 Million ▲ +211.7%
2020 -0.65x $-92.30 Million $141.90 Million $234.20 Million ▼ -249.1%
2019 0.44x $126.30 Million $289.60 Million $163.30 Million ▲ +78.2%
2018 0.24x $48.40 Million $197.80 Million $149.40 Million ▼ -47.3%
2017 0.46x $101.30 Million $218.20 Million $116.90 Million ▼ -37.9%
2016 0.75x $169.60 Million $226.80 Million $57.20 Million ▼ -9.6%
2015 0.83x $218.77 Million $264.53 Million $45.76 Million ▲ +38.0%
2014 0.60x $84.88 Million $141.62 Million $56.74 Million ▼ -7.1%
2013 0.65x $93.49 Million $144.91 Million $51.42 Million ▼ -7.6%
2012 0.70x $100.86 Million $144.41 Million $43.55 Million ▼ -18.4%
2011 0.86x $148.26 Million $173.18 Million $24.92 Million ▲ +1157.7%
2010 -0.08x $-4.84 Million $59.86 Million $64.70 Million ▲ +59.3%
2009 -0.20x $-14.14 Million $71.05 Million $85.19 Million ▼ -140.9%
2008 0.49x $38.08 Million $78.23 Million $40.15 Million ▲ +345.8%
2007 0.11x $5.59 Million $51.23 Million $45.63 Million ▼ -66.9%
2006 0.33x $22.91 Million $69.51 Million $46.60 Million ▲ +155.5%
2004 -0.59x $-28.77 Million $48.40 Million $77.17 Million ▼ -552.0%
2003 0.13x $6.18 Million $47.04 Million $40.85 Million ▼ -63.3%
2002 0.36x $12.70 Million $35.42 Million $22.72 Million ▼ -48.6%
2001 0.70x $33.68 Million $48.31 Million $14.63 Million ▲ +294.6%
2000 0.18x $4.81 Million $27.23 Million $22.42 Million ▲ +103.5%
1999 -5.06x $-200.70 Million $39.70 Million $240.40 Million ▼ -446.0%
1998 -0.93x $-10.00 Million $10.80 Million $20.80 Million ▼ -264.8%
1997 0.56x $5.90 Million $10.50 Million $4.60 Million ▼ -32.1%
1996 0.83x $12.50 Million $15.10 Million $2.60 Million ▲ +72.9%
1995 0.48x $7.90 Million $16.50 Million $8.60 Million ▲ +145.9%
1994 -1.04x $-11.90 Million $11.40 Million $23.30 Million ▼ -224.4%
1993 0.84x $7.30 Million $8.70 Million $1.40 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).