Churchill Downs (CHDN) EBT Margin (2010 - 2026)
Churchill Downs (CHDN) recorded quarterly EBT Margin of 17.04% in Q1 2026, up 36.25% quarter-over-quarter from 12.51% in Q4 2025, and up 211.0% on a YoY basis from 5.48% in Q1 2025.
Churchill Downs (CHDN) EBT Margin (2010 - 2026) Analysis & Trends
Churchill Downs' EBT Margin history runs 17 years deep, the most recent figure standing at 17.04% for Q1 2026.
- In Q1 2026, EBT Margin rose 211.0% year-over-year to 17.04%; the TTM figure through Mar 2026 stood at 18.65% (down 171.0% YoY), while the FY2025 annual figure was 18.2%, down 277.0% from the prior year.
- EBT Margin was 17.04% for Q1 2026 at Churchill Downs, up from 12.51% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 82.39% in Q2 2022 to a low of 0.65% in Q4 2022.
- Historically, EBT Margin has averaged 21.8% across 5 years, with a median of 16.09% in 2022.
- The sharpest annual moves came in 2022 and 2023: EBT Margin jumped 5329 bps in 2022, then slumped 5647 bps in 2023.
- A 5-year view of EBT Margin shows it stood at 0.65% in 2022, then jumped by 2084 bps to 12.81% in 2023, then grew by 14 bps to 14.58% in 2024, then slipped by 14 bps to 12.51% in 2025, then jumped by 36 bps to 17.04% in 2026.
- The last three EBT Margin figures came in at 17.04% (Q1 2026), 12.51% (Q4 2025), and 8.96% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 5.44% |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 1.39% |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 17.04% |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 12.36% |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 15.67% |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 5.70% |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | -44.05% |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | -2.10% |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.04% |
| Dec 31, 2025 | 12.51% |
| Sep 30, 2025 | 8.96% |
| Jun 30, 2025 | 31.25% |
| 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% |
| Jun 30, 2021 | 29.10% |