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| 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% |