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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Churchill Downs (CHDN) Gross Margin (2018 - 2026)

Churchill Downs has reported Gross Margin over the past 9 years, most recently at 99.25% for Q1 2026.

  • Quarterly Gross Margin rose 2879.0% to 99.25% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 74.07% through Mar 2026, down 3138.0% year-over-year, with the annual reading at 73.92% for FY2025, 2553.0% down from the prior year.
  • Gross Margin was 99.25% for Q1 2026 at Churchill Downs, up from 12.61% in the prior quarter.
  • Over five years, Gross Margin peaked at 185.69% in Q4 2024 and troughed at 12.61% in Q4 2025.
  • The 5-year median for Gross Margin is 79.43% (2022), against an average of 82.57%.
  • Biggest five-year swings in Gross Margin: soared 12032bps in 2024 and later plummeted -19831bps in 2025.
  • Tracing CHDN's Gross Margin over 5 years: stood at 86.67% in 2022, then decreased by -25bps to 65.38% in 2023, then surged by 184bps to 185.69% in 2024, then plummeted by -107bps to 12.61% in 2025, then skyrocketed by 887bps to 99.25% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods came in at 99.25%, 12.61%, and 99.28% for Q1 2026, Q4 2025, and Q3 2025 respectively.