Churchill Downs (CHDN) EBT Margin (2010 - 2026)
Churchill Downs (CHDN) posted EBT Margin of 15.95% for Q3 2026, up 7.02 percentage points from 8.93% a year earlier but down 17.52 percentage points from the prior quarter.
Powered by 
Analysis
Churchill Downs (CHDN) EBT Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBT Margin at Churchill Downs was 21.15%, up 2.42 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).
- Quarterly EBT Margin has run from a low of -0.65% in Q4 2022 to a high of 82.39% in Q2 2022 over five years.
- On a year-over-year basis, EBT Margin has increased in each of the last three quarters, with an average year-over-year change of +0.28 percentage points over the last eight quarters.
- 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 33.47% (Q2 2026), 17.04% (Q1 2026) and 12.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 14.12% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -32.09% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 16.10% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | -4.98% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 2.51% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 0.52% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 12.08% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 20.27% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 15.95% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | -3.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.95% |
| Jun 30, 2026 | 33.47% |
| Mar 31, 2026 | 17.04% |
| Dec 31, 2025 | 12.52% |
| Sep 30, 2025 | 8.93% |
| 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% |
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();