Churchill Downs (CHDN) EBT Margin (2010 - 2026)
Churchill Downs (CHDN) posted EBT Margin of 33.47% for Q2 2026, up 2.21 percentage points from 31.26% a year earlier and up 16.43 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) EBT Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at Churchill Downs was 19.57%, down 0.40 percentage points year-over-year; for FY2025, it was 18.20%, down 2.77 percentage points from FY2024.
- Annual EBT Margin has declined for three consecutive years, though with a five-year change of +17.44 percentage points (FY2020 to FY2025).
- In prior years, Churchill Downs' EBT Margin was 20.96% in FY2024 (-1.86 pp), 22.82% in FY2023 (-10.82 pp), 33.64% in FY2022 (+12.13 pp) and 21.51% in FY2021 (+20.75 pp).
- The Q2 2026 figure stands as the highest quarterly EBT Margin since Q1 2023.
- On a year-over-year basis, EBT Margin increased in three of the last eight quarters, with an average year-over-year change of -0.67 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q2 2022, with a gain of 53.29 percentage points; the weakest was Q2 2023, with a drop of 56.47 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 17.04% (Q1 2026), 12.51% (Q4 2025) and 8.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 14.62% |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | -4.98% |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | -6.91% |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 12.08% |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 15.54% |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 10.70% |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 9.29% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | -1.77% |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | 24.56% |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 33.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.47% |
| Mar 31, 2026 | 17.04% |
| Dec 31, 2025 | 12.51% |
| Sep 30, 2025 | 8.96% |
| Jun 30, 2025 | 31.26% |
| Mar 31, 2025 | 14.93% |
| Dec 31, 2024 | 14.58% |
| Sep 30, 2024 | 13.70% |
| Jun 30, 2024 | 33.04% |
| Mar 31, 2024 | 17.23% |
| Dec 31, 2023 | 12.81% |
| Sep 30, 2023 | 14.29% |
| Jun 30, 2023 | 25.92% |
| Mar 31, 2023 | 37.34% |
| Dec 31, 2022 | -0.65% |
| Sep 30, 2022 | 19.16% |
| Jun 30, 2022 | 82.39% |
| Mar 31, 2022 | 16.09% |
| Dec 31, 2021 | 14.72% |
| Sep 30, 2021 | 22.32% |
API Access
Churchill Downs EBT 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=ebt-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();