Churchill Downs (CHDN) Net Margin (2010 - 2026)
Churchill Downs' quarterly Net Margin came in at 12.52% in Q1 2026, up 54.0% year-on-year from 8.13% in Q1 2025, and up 61.87% quarter-over-quarter from 7.73% in Q4 2025.
Churchill Downs has reported Net Margin for 16 years, with the latest figure at 12.52% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 54.0% year-over-year to 12.52%; the trailing twelve-month figure through Mar 2026 stood at 13.28% (down 200.0% YoY), and the FY2025 full-year result was 13.18%, down 252.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.52%, up from 7.73% 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.
- Average Net Margin over 5 years is 16.05%, with a median of 11.98% recorded in 2025.
- Peak annual rise in Net Margin reached 1627 bps in 2023, while the deepest fall reached 3964 bps in 2023.
- Tracing CHDN's Net Margin over 5 years: stood at 0.21% in 2022, then surged by 4828 bps to 10.26% in 2023, then rose by 13 bps to 11.58% in 2024, then sank by 33 bps to 7.73% in 2025, then soared by 62 bps to 12.52% in 2026.
- The last three Net Margin figures came in at 12.52% (Q1 2026), 7.73% (Q4 2025), and 5.74% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 5.07% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 1.01% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 12.52% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 7.08% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 4.16% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -4.84% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | -0.87% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.52% |
| Dec 31, 2025 | 7.73% |
| Sep 30, 2025 | 5.74% |
| Jun 30, 2025 | 23.29% |
| 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% |
| Mar 31, 2020 | -0.36% |
| Dec 31, 2019 | -0.18% |
| Sep 30, 2019 | -0.13% |
| Jun 30, 2019 | -0.25% |
| Mar 31, 2019 | -0.11% |
| Dec 31, 2018 | 1.87% |
| Sep 30, 2018 | -0.77% |
| Jun 30, 2018 | -0.03% |
| Mar 31, 2018 | 88.70% |
| Dec 31, 2017 | 2.12% |
| Sep 30, 2017 | 1.93% |
| Jun 30, 2017 | 1.59% |
| Mar 31, 2017 | 3.04% |
| Dec 31, 2016 | 4.57% |
| Sep 30, 2016 | 2.93% |
| Jun 30, 2016 | 0.96% |
| Mar 31, 2016 | -2.59% |
| Dec 31, 2015 | 4.81% |
| Sep 30, 2015 | 1.50% |
| Jun 30, 2015 | 13.47% |
| Mar 31, 2015 | -0.64% |
| Mar 31, 2014 | 0.06% |
| Dec 31, 2013 | -0.08% |
| Sep 30, 2013 | 0.02% |
| Jun 30, 2013 | 0.00% |
| Mar 31, 2013 | -0.02% |
| Dec 31, 2012 | 0.08% |
| Sep 30, 2012 | 0.06% |
| Mar 31, 2012 | 0.00% |
| Dec 31, 2011 | 2.28% |
| Sep 30, 2011 | 0.04% |
| Mar 31, 2011 | 0.00% |
| Dec 31, 2010 | -0.18% |