Churchill Downs (CHDN) Net Margin (2010 - 2026)
Churchill Downs (CHDN) posted quarterly Net Margin of 24.69% for Q2 2026, up 135.0% year-over-year from 10.51% in Q2 2025, and up 97.25% quarter-over-quarter from 12.52% in Q1 2026.
Churchill Downs (CHDN) Net Margin (2010 - 2026) Analysis & Trends
Churchill Downs' Net Margin history runs 16 years deep, the most recent figure standing at 24.69% for Q2 2026.
- In Q2 2026, Net Margin rose 135.0% year-over-year to 24.69%; the TTM figure through Jun 2026 stood at 13.89% (down 143.0% YoY), while the FY2025 annual figure was 13.18%, down 252.0% from the prior year.
- Net Margin for Q2 2026 stood at 24.69%, up from 12.52% in the prior quarter.
- The five-year high for Net Margin was 58.25% in Q2 2022, with the low at 0.21% in Q4 2022.
- The 5-year median for Net Margin is 12.25% (2025), against an average of 16.53%.
- Peak annual rise in Net Margin reached 1627 bps in 2023, while the deepest fall reached 3964 bps in 2023.
- Churchill Downs' Net Margin stood at 0.21% in 2022, then soared by 4828 bps to 10.26% in 2023, then grew by 13 bps to 11.58% in 2024, then sank by 33 bps to 7.73% in 2025, then jumped by 219 bps to 24.69% in 2026.
- Business Quant data shows CHDN's Net Margin at 24.69% in Q2 2026, 12.52% in Q1 2026, and 7.73% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.97 Bn | 16.40 Bn | 1.71 Bn | -6.33% |
| 2 | DraftKings | 12.74 Bn | 11.75 Bn | 551.45 Mn | -4.85% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | 14.22% |
| 4 | Churchill Downs | 6.50 Bn | 6.30 Bn | 712.00 Mn | 24.69% |
| 5 | Rush Street Interactive | 2.80 Bn | 2.46 Bn | 139.66 Mn | 7.43% |
| 6 | Brightstar Lottery | 2.25 Bn | 977.53 Mn | 297.00 Mn | 10.73% |
| 7 | Accel Entertainment | 971.34 Mn | 715.89 Mn | 115.51 Mn | 3.39% |
| 8 | Codere Online Luxembourg | 415.01 Mn | 345.58 Mn | - | - |
| 9 | Inspired Entertainment | 173.74 Mn | 149.34 Mn | 52.10 Mn | 0.33% |
| 10 | Grandstand | 71.00 Mn | 62.20 Mn | 31.83 Mn | -12.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.69% |
| Mar 31, 2026 | 12.52% |
| Dec 31, 2025 | 7.73% |
| Sep 30, 2025 | 5.74% |
| Jun 30, 2025 | 23.34% |
| Mar 31, 2025 | 11.98% |
| Dec 31, 2024 | 11.58% |
| Sep 30, 2024 | 10.53% |
| Jun 30, 2024 | 23.60% |
| Mar 31, 2024 | 13.61% |
| Dec 31, 2023 | 10.26% |
| Sep 30, 2023 | 10.66% |
| Jun 30, 2023 | 18.61% |
| Mar 31, 2023 | 27.83% |
| Dec 31, 2022 | 0.21% |
| Sep 30, 2022 | 14.88% |
| Jun 30, 2022 | 58.25% |
| Mar 31, 2022 | 11.56% |
| Dec 31, 2020 | 0.25% |
| Jun 30, 2020 | -51.43% |