Churchill Downs (CHDN) EBIT Margin (2010 - 2026)
Churchill Downs (CHDN) recorded EBIT Margin of 20.55% in Q3 2026, up 6.20 percentage points from 14.35% a year earlier but down 15.88 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) EBIT Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Churchill Downs' EBIT Margin came in at 25.52% as of Sep 30, 2026, up 1.71 percentage points year-over-year; for FY2025, it came in at 23.37%, down 2.56 percentage points from FY2024.
- Annual EBIT Margin has a five-year change of +17.66 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at 25.93% in FY2024 (+3.02 pp), 22.91% in FY2023 (+5.13 pp), 17.78% in FY2022 (-0.03 pp) and 17.81% in FY2021 (+12.09 pp).
- Quarterly EBIT Margin has ranged from 2.44% in Q4 2022 to 37.05% in Q2 2024 over the past five years.
- On a year-over-year basis, EBIT Margin has increased for three consecutive quarters, with an average year-over-year change of -0.03 percentage points over the last eight quarters.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 16.49 percentage points in Q4 2023, against a drop of 7.08 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 36.43% (Q2 2026), 21.57% (Q1 2026) and 18.59% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 19.22% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -30.74% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 17.68% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | -4.72% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 10.55% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 2.82% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 11.53% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 29.37% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 20.55% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 15.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.55% |
| Jun 30, 2026 | 36.43% |
| Mar 31, 2026 | 21.57% |
| Dec 31, 2025 | 18.59% |
| Sep 30, 2025 | 14.35% |
| Jun 30, 2025 | 35.01% |
| Mar 31, 2025 | 21.00% |
| Dec 31, 2024 | 20.31% |
| Sep 30, 2024 | 20.03% |
| Jun 30, 2024 | 37.05% |
| Mar 31, 2024 | 21.37% |
| Dec 31, 2023 | 18.92% |
| Sep 30, 2023 | 19.62% |
| Jun 30, 2023 | 29.36% |
| Mar 31, 2023 | 21.43% |
| Dec 31, 2022 | 2.44% |
| Sep 30, 2022 | 16.44% |
| Jun 30, 2022 | 34.28% |
| Mar 31, 2022 | 13.02% |
| Dec 31, 2021 | 9.51% |
API Access
Churchill Downs EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "CHDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();