Churchill Downs (CHDN) FCF Margin (2010 - 2026)
Churchill Downs' quarterly FCF Margin came in at 41.63% in Q1 2026, up 1364.0% year-on-year from 2.84% in Q1 2025, and up 252.23% quarter-over-quarter from 11.82% in Q4 2025.
Churchill Downs has reported FCF Margin for 17 years, with the latest figure at 41.63% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1364.0% year-over-year to 41.63%; the trailing twelve-month figure through Mar 2026 stood at 27.0% (up 1817.0% YoY), and the FY2025 full-year result was 23.91%, up 1264.0% from the prior year.
- FCF Margin for Q1 2026 stood at 41.63%, up from 11.82% in the prior quarter.
- The five-year high for FCF Margin was 41.63% in Q1 2026, with the low at 26.03% in Q3 2024.
- Average FCF Margin over 5 years is 12.27%, with a median of 16.62% recorded in 2023.
- Year-over-year, FCF Margin sank 2335 bps in 2022 and jumped 5038 bps in 2025.
- Tracing CHDN's FCF Margin over 5 years: 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 111 bps to 11.82% in 2025, then surged by 252 bps to 41.63% in 2026.
- The last three FCF Margin figures came in at 41.63% (Q1 2026), 11.82% (Q4 2025), and 24.35% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 7.09% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | -3.37% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 41.63% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 3.28% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 5.66% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -2.38% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 40.21% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.63% |
| Dec 31, 2025 | 11.82% |
| Sep 30, 2025 | 24.35% |
| Jun 30, 2025 | 29.39% |
| Mar 31, 2025 | 27.99% |
| Dec 31, 2024 | 5.61% |
| Sep 30, 2024 | -26.03% |
| Jun 30, 2024 | 21.85% |
| Mar 31, 2024 | 41.01% |
| 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 | 19.14% |
| Mar 31, 2022 | 34.39% |
| Dec 31, 2021 | 10.55% |
| Sep 30, 2021 | 12.80% |
| Jun 30, 2021 | 42.50% |
| Mar 31, 2021 | 30.68% |
| Dec 31, 2020 | 62.37% |
| Sep 30, 2020 | -3.58% |
| Jun 30, 2020 | -40.90% |
| Mar 31, 2020 | 13.64% |
| Dec 31, 2019 | -4.60% |
| Sep 30, 2019 | 13.32% |
| Jun 30, 2019 | 26.25% |
| Mar 31, 2019 | 21.25% |
| Dec 31, 2018 | 22.01% |
| Sep 30, 2018 | -53.68% |
| Jun 30, 2018 | 31.42% |
| Mar 31, 2018 | 15.53% |
| Dec 31, 2017 | 43.04% |
| Sep 30, 2017 | -8.89% |
| Jun 30, 2017 | 24.85% |
| Mar 31, 2017 | 22.69% |
| Dec 31, 2016 | 22.06% |
| Sep 30, 2016 | 8.95% |
| Jun 30, 2016 | 28.69% |
| Mar 31, 2016 | 35.30% |
| Dec 31, 2015 | 21.92% |
| Sep 30, 2015 | 7.47% |
| Jun 30, 2015 | 22.39% |
| Mar 31, 2015 | 31.85% |
| Dec 31, 2014 | 26.41% |
| Sep 30, 2014 | -8.77% |
| Jun 30, 2014 | 16.10% |
| Mar 31, 2014 | 19.00% |
| Dec 31, 2013 | -11.04% |
| Sep 30, 2013 | 20.24% |
| Jun 30, 2013 | 15.33% |
| Mar 31, 2013 | 22.33% |
| Dec 31, 2012 | 0.44% |
| Sep 30, 2012 | 13.67% |
| Jun 30, 2012 | 12.40% |
| Mar 31, 2012 | 33.28% |
| Dec 31, 2011 | 23.90% |
| Sep 30, 2011 | 12.45% |
| Jun 30, 2011 | 11.19% |
| Mar 31, 2011 | 50.16% |
| Dec 31, 2010 | -83.01% |
| Sep 30, 2010 | 1.22% |