Churchill Downs (CHDN) EBT Margin (2010 - 2026)

Churchill Downs' (CHDN) quarterly EBT Margin came in at 17.04% in Q1 2026, up 211.0% year-on-year from 5.48% in Q1 2025, and up 36.25% quarter-over-quarter from 12.51% in Q4 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.

  • On a quarterly basis, EBT Margin rose 211.0% year-over-year to 17.04% in Q1 2026; TTM through Mar 2026 was 18.65%, a 171.0% decrease from a year earlier, with the FY2025 full-year figure at 18.2%, down 277.0% from the prior year.
  • EBT Margin advanced to 17.04% in Q1 2026 per CHDN's latest filing, from 12.51% in the prior quarter.
  • Across five years, EBT Margin topped out at 82.39% in Q2 2022 and bottomed at 0.65% in Q4 2022.
  • The 5-year median for EBT Margin is 16.09% (2022), against an average of 21.8%.
  • Across the five-year window, EBT Margin soared 5329 bps in 2022 and slumped 5647 bps in 2023, its largest moves.
  • Year by year, EBT Margin 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.
  • Per Business Quant, the three latest CHDN EBT Margin figures stand at 17.04% (Q1 2026), 12.51% (Q4 2025), and 8.96% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 5.44%
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 1.39%
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - 19.93%
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn 17.04%
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn 12.36%
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 15.67%
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn 5.70%
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn -2.10%
10 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn -59.78%

Historic Data

Download Data
DateValue
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%