Churchill Downs (CHDN) FCF Margin (2010 - 2026)

Churchill Downs' FCF Margin history runs 17 years deep, the most recent figure standing at 41.63% for Q1 2026.

• In Q1 2026, FCF Margin rose 1364.0% year-over-year to 41.63%; the TTM figure through Mar 2026 stood at 27.0% (up 1817.0% YoY), while the FY2025 annual figure was 23.91%, up 1264.0% from the prior year.
• FCF Margin was 41.63% for Q1 2026 at Churchill Downs, up from 11.82% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 41.63% in Q1 2026 to a low of 26.03% in Q3 2024.
• Historically, FCF Margin has averaged 12.27% across 5 years, with a median of 16.62% in 2023.
• The sharpest annual moves came in 2022 and 2025: FCF Margin sank 2335 bps in 2022, then surged 5038 bps in 2025.
• A 5-year view of FCF Margin shows it stood at 12.58% in 2022, then soared by 34 bps to 8.3% in 2023, then surged by 168 bps to 5.61% in 2024, then jumped by 111 bps to 11.82% in 2025, then jumped 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.