Churchill Downs (CHDN) EBIT Margin (2010 - 2026)
Churchill Downs (CHDN) posted EBIT Margin of 36.43% for Q2 2026, up 68.9% on a QoQ basis from 21.57% in Q1 2026, and up 142.0% year-over-year from 15.05% in Q2 2025.
Powered by 
Analysis
Churchill Downs (CHDN) EBIT Margin (2010 - 2026) Analysis & Trends
Churchill Downs has reported EBIT Margin for 17 years, with the latest figure at 36.43% in Q2 2026.
- On a quarterly basis, EBIT Margin rose 142.0% year-over-year to 36.43% in Q2 2026; TTM through Jun 2026 was 24.12%, a 114.0% decrease from a year earlier, with the FY2025 full-year figure at 23.37%, down 256.0% from the prior year.
- EBIT Margin was 36.43% for Q2 2026 at Churchill Downs, up from 21.57% in the prior quarter.
- The five-year high for EBIT Margin was 37.05% in Q2 2024, with the low at 2.44% in Q4 2022.
- Average EBIT Margin over 5 years is 22.29%, with a median of 20.65% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin plunged 708 bps in 2022, then jumped 1649 bps in 2023.
- Over 5 years, EBIT Margin stood at 2.44% in 2022, then soared by 677 bps to 18.92% in 2023, then climbed by 7 bps to 20.31% in 2024, then dropped by 9 bps to 18.55% in 2025, then soared by 96 bps to 36.43% in 2026.
- The last three EBIT Margin figures came in at 36.43% (Q2 2026), 21.57% (Q1 2026), and 18.55% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.85 Bn | 24.47 Bn | 1.81 Bn | 19.59% |
| 2 | MGM Resorts International | 10.36 Bn | 7.81 Bn | 3.10 Bn | 11.32% |
| 3 | Wynn Resorts | 9.11 Bn | 7.53 Bn | 1.14 Bn | 16.03% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 17.14% |
| 5 | Churchill Downs | 5.82 Bn | 5.62 Bn | 712.00 Mn | 36.43% |
| 6 | Boyd Gaming | 5.61 Bn | 5.29 Bn | 766.76 Mn | 19.40% |
| 7 | Red Rock Resorts | 3.16 Bn | 2.55 Bn | 420.02 Mn | 26.65% |
| 8 | PENN Entertainment | 2.26 Bn | 1.37 Bn | 1.02 Bn | 7.09% |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | -45.83% |
| 10 | Melco Resorts & Entertainment | 2.00 Bn | 1.43 Bn | 1.05 Bn | 6.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.43% |
| Mar 31, 2026 | 21.57% |
| Dec 31, 2025 | 18.55% |
| 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% |
| Sep 30, 2021 | 17.20% |