Churchill Downs (CHDN) FCF Margin (2010 - 2026)
Churchill Downs (CHDN) posted quarterly FCF Margin of 18.16% for Q2 2026, down 47.0% year-over-year from 34.27% in Q2 2025, and down 52.78% quarter-over-quarter from 38.46% in Q1 2026.
Churchill Downs (CHDN) FCF Margin (2010 - 2026) Analysis & Trends
Churchill Downs' FCF Margin history runs 17 years deep, the most recent figure standing at 18.16% for Q2 2026.
- In Q2 2026, FCF Margin fell 47.0% year-over-year to 18.16%; the TTM figure through Jun 2026 stood at 21.53% (up 570.0% YoY), while the FY2025 annual figure was 19.31%, up 804.0% from the prior year.
- FCF Margin for Q2 2026 stood at 18.16%, 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.
- The 5-year median for FCF Margin is 14.06% (2023), against an average of 11.51%.
- The sharpest annual moves came in 2022 and 2024: FCF Margin slumped 2519 bps in 2022, then surged 2111 bps in 2024.
- Churchill Downs' FCF Margin stood at 12.58% in 2022, then surged by 34 bps to 8.3% in 2023, then jumped by 168 bps to 5.61% in 2024, then soared by 69 bps to 9.46% in 2025, then jumped by 92 bps to 18.16% in 2026.
- Business Quant data shows CHDN's FCF Margin at 18.16% in Q2 2026, 38.46% in Q1 2026, and 9.46% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 5.27% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 5.09% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 18.16% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 11.25% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 46.85% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 2.41% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 0.16% |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | 5.11% |
Historic Data
Download 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% |