Churchill Downs (CHDN) FCF Margin (2010 - 2026)
Churchill Downs (CHDN) posted FCF Margin of 18.16% for Q2 2026, down 52.78% on a QoQ basis from 38.46% in Q1 2026, and down 47.0% year-over-year from 34.27% in Q2 2025.
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Churchill Downs (CHDN) FCF Margin (2010 - 2026) Analysis & Trends
Churchill Downs has reported FCF Margin for 17 years, with the latest figure at 18.16% in Q2 2026.
- On a quarterly basis, FCF Margin fell 47.0% year-over-year to 18.16% in Q2 2026; TTM through Jun 2026 was 21.53%, a 570.0% increase from a year earlier, with the FY2025 full-year figure at 19.31%, up 804.0% from the prior year.
- FCF Margin was 18.16% for Q2 2026 at Churchill Downs, down from 38.46% in the prior quarter.
- The five-year high for FCF Margin was 38.46% in Q1 2026, with the low at 12.58% in Q4 2022.
- Average FCF Margin over 5 years is 11.51%, with a median of 14.06% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: FCF Margin slumped 2519 bps in 2022, then jumped 2111 bps in 2024.
- Over 5 years, FCF Margin stood at 12.58% in 2022, then jumped by 34 bps to 8.3% in 2023, then soared by 168 bps to 5.61% in 2024, then surged by 69 bps to 9.46% in 2025, then soared by 92 bps to 18.16% in 2026.
- The last three FCF Margin figures came in at 18.16% (Q2 2026), 38.46% (Q1 2026), and 9.46% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 28.23 Bn | 24.85 Bn | 1.81 Bn | 11.10% |
| 2 | MGM Resorts International | 10.30 Bn | 7.75 Bn | 3.10 Bn | 7.13% |
| 3 | Wynn Resorts | 9.26 Bn | 7.69 Bn | 1.14 Bn | 18.25% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 10.16% |
| 5 | Churchill Downs | 5.87 Bn | 5.67 Bn | 712.00 Mn | 18.16% |
| 6 | Boyd Gaming | 5.64 Bn | 5.31 Bn | 766.76 Mn | -16.00% |
| 7 | Red Rock Resorts | 3.18 Bn | 2.57 Bn | 420.02 Mn | 3.56% |
| 8 | PENN Entertainment | 2.30 Bn | 1.41 Bn | 1.02 Bn | 7.72% |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | 17.94% |
| 10 | Melco Resorts & Entertainment | 2.01 Bn | 1.44 Bn | 1.05 Bn | 11.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.16% |
| Mar 31, 2026 | 38.46% |
| Dec 31, 2025 | 9.46% |
| Sep 30, 2025 | 21.68% |
| Jun 30, 2025 | 18.63% |
| Mar 31, 2025 | 27.99% |
| Dec 31, 2024 | 5.61% |
| Sep 30, 2024 | 9.36% |
| Jun 30, 2024 | 11.50% |
| Mar 31, 2024 | 18.97% |
| Dec 31, 2023 | -8.30% |
| Sep 30, 2023 | -11.76% |
| Jun 30, 2023 | 3.57% |
| Mar 31, 2023 | 16.62% |
| Dec 31, 2022 | -12.58% |
| Sep 30, 2022 | -10.13% |
| Jun 30, 2022 | 25.24% |
| Mar 31, 2022 | 24.64% |
| Dec 31, 2021 | 12.61% |
| Sep 30, 2021 | 10.89% |