Churchill Downs (CHDN) FCF Margin (2010 - 2026)
Churchill Downs (CHDN) reported FCF Margin of 18.16% for Q2 2026, down 0.47 percentage points from 18.63% a year earlier and down 20.30 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) FCF Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Churchill Downs' FCF Margin came in at 21.53%, up 5.70 percentage points year-over-year; for FY2025, it was 19.31%, up 8.04 percentage points from FY2024.
- FCF Margin has a five-year change of +25.77 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 11.28% in FY2024 (+11.01 pp), 0.26% in FY2023 (-7.33 pp), 7.60% in FY2022 (-17.90 pp) and 25.49% in FY2021 (+31.95 pp).
- Five-year quarterly FCF Margin spans a low of -12.58% in Q4 2022 and a high of 38.46% in Q1 2026.
- Year over year, FCF Margin gained in seven of the last eight quarters, with an average year-over-year change of +9.67 percentage points.
- The high point for year-over-year FCF Margin in five years was Q3 2024 (a gain of 21.11 percentage points); the low point was Q4 2022 (a drop of 25.19 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 38.46% (Q1 2026), 9.46% (Q4 2025) and 21.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.94 Bn | 11.04 Bn | 1.48 Bn | 11.10% |
| 2 | Flutter Entertainment | 13.84 Bn | 7.21 Bn | 1.71 Bn | 8.07% |
| 3 | DraftKings | 10.19 Bn | 5.85 Bn | 551.45 Mn | 7.40% |
| 4 | Madison Square Garden Sports | 9.98 Bn | 9.58 Bn | 119.21 Mn | 20.67% |
| 5 | Life Time Group Holdings | 9.17 Bn | 8.40 Bn | 412.26 Mn | -6.20% |
| 6 | Wynn Resorts | 7.94 Bn | 2.23 Bn | 758.95 Mn | 18.25% |
| 7 | MGM Resorts International | 7.33 Bn | -1.70 Bn | 1.98 Bn | 7.13% |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 19.08% |
| 9 | Caesars Entertainment | 5.93 Bn | 2.38 Bn | 1.50 Bn | 10.16% |
| 10 | Churchill Downs | 5.80 Bn | 5.02 Bn | 419.00 Mn | 16.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.22% |
| Mar 31, 2026 | 35.60% |
| Dec 31, 2025 | 6.86% |
| Sep 30, 2025 | 18.62% |
| Jun 30, 2025 | 16.60% |
| Mar 31, 2025 | 25.97% |
| Dec 31, 2024 | 0.19% |
| Sep 30, 2024 | 6.97% |
| Jun 30, 2024 | 8.98% |
| Mar 31, 2024 | 16.87% |
| Dec 31, 2023 | -12.81% |
| Sep 30, 2023 | -15.63% |
| Jun 30, 2023 | 1.17% |
| Mar 31, 2023 | 14.51% |
| Dec 31, 2022 | -15.31% |
| Sep 30, 2022 | -13.81% |
| Jun 30, 2022 | 23.00% |
| Mar 31, 2022 | 21.89% |
| Dec 31, 2021 | 7.89% |
| Sep 30, 2021 | 8.70% |
API Access
Churchill Downs FCF 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=fcf-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();