Churchill Downs (CHDN) EBITDA Margin (2010 - 2026)
Churchill Downs' EBITDA Margin was 29.31% in Q3 2026, up 6.62 percentage points from 22.69% a year earlier but down 13.14 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) EBITDA Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Churchill Downs' EBITDA Margin was 33.34% through Sep 30, 2026, up 1.65 percentage points year-over-year; for FY2025, it was 31.34%, down 1.87 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +16.81 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 33.21% in FY2024 (+3.44 pp), 29.78% in FY2023 (+5.71 pp), 24.06% in FY2022 (-0.20 pp) and 24.27% in FY2021 (+9.74 pp).
- Quarterly EBITDA Margin has moved between 9.73% (Q4 2022) and 42.57% (Q2 2024) over five years.
- Compared with a year earlier, EBITDA Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.26 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q4 2023 (a gain of 17.61 percentage points); the worst was Q4 2022 (a drop of 6.72 percentage points).
- Per Business Quant data, CHDN's EBITDA Margin in the three quarters before Q3 2026 was 42.45% (Q2 2026), 30.02% (Q1 2026) and 27.47% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 30.91% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -20.29% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 27.30% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 0.84% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 21.08% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 9.53% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 11.82% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 42.11% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 29.31% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 27.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.31% |
| Jun 30, 2026 | 42.45% |
| Mar 31, 2026 | 30.02% |
| Dec 31, 2025 | 27.47% |
| Sep 30, 2025 | 22.69% |
| Jun 30, 2025 | 41.22% |
| Mar 31, 2025 | 30.17% |
| Dec 31, 2024 | 28.87% |
| Sep 30, 2024 | 27.92% |
| Jun 30, 2024 | 42.57% |
| Mar 31, 2024 | 29.31% |
| Dec 31, 2023 | 27.33% |
| Sep 30, 2023 | 26.97% |
| Jun 30, 2023 | 34.80% |
| Mar 31, 2023 | 28.20% |
| Dec 31, 2022 | 9.73% |
| Sep 30, 2022 | 23.62% |
| Jun 30, 2022 | 38.76% |
| Mar 31, 2022 | 19.91% |
| Dec 31, 2021 | 16.45% |
API Access
Churchill Downs EBITDA 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=ebitda-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();