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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) Operating Margin (2016 - 2026)

Churchill Downs has reported Operating Margin over the past 17 years, most recently at 21.57% for Q1 2026.

  • Quarterly Operating Margin rose 57.0% to 21.57% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 23.49% through Mar 2026, down 226.0% year-over-year, with the annual reading at 23.37% for FY2025, 256.0% down from the prior year.
  • Operating Margin was 21.57% for Q1 2026 at Churchill Downs, up from 18.55% in the prior quarter.
  • Over five years, Operating Margin peaked at 37.05% in Q2 2024 and troughed at 2.44% in Q4 2022.
  • The 5-year median for Operating Margin is 20.31% (2024), against an average of 21.46%.
  • Biggest five-year swings in Operating Margin: crashed -708bps in 2022 and later skyrocketed 1649bps in 2023.
  • Tracing CHDN's Operating Margin over 5 years: stood at 2.44% in 2022, then surged by 677bps to 18.92% in 2023, then increased by 7bps to 20.31% in 2024, then fell by -9bps to 18.55% in 2025, then increased by 16bps to 21.57% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 21.57%, 18.55%, and 14.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.