stockrowChurchill Downs, Incorporated
CHDN Consumer Cyclical Gambling
Churchill Downs, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 7.01% from fiscal 2024.
- Revenue
- +1.90%
- EPS
- +111.7%
- Free cash flow
- +252.7%
- Total debt
- −7.52%
Quarter to September 2026, against a year earlier
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Churchill Downs, Incorporated (CHDN) Net margin
Churchill Downs, Incorporated's net margin over the twelve months to 30 September 2026 was 15.1%, up 2.0 percentage points from fiscal 2025 (13.1%). Over the past ten years it has ranged from −7.77% (fiscal 2020) to 35.0% (fiscal 2018); the current reading is higher than 36% of that period. That is above the Gambling industry median of −2.68% and above the Consumer Cyclical sector median of 2.12%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 13.1% | (2.52) |
| FY2024 | 15.6% | (1.34) |
| FY2023 | 17.0% | (7.33) |
| FY2022 | 24.3% | 8.68 |
| FY2021 | 15.6% | 23.37 |
| FY2020 | −7.77% | (18.11) |
| FY2019 | 10.3% | (24.63) |
| FY2018 | 35.0% | 19.05 |
| FY2017 | 15.9% | 2.78 |
| FY2016 | 13.1% | 4.98 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 11.5% | (13.10) |
| Jun 2026 | 24.6% | 12.07 |
| Mar 2026 | 12.5% | 4.86 |
| Dec 2025 | 7.66% | 2.10 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| SGHC Super Group (SGHC) Limited compare | 16.7% |
| CHDN Churchill Downs, Incorporated | 15.1% |
| BRSL Brightstar Lottery compare | 10.1% |
| LNWO Light & Wonder, Inc. compare | 8.70% |
| ACEL Accel Entertainment, Inc. compare | 4.48% |
| RSI Rush Street Interactive, Inc. compare | 2.56% |
| DKNG DraftKings Inc. compare | −2.68% |
| FLUT Flutter Entertainment PLC compare | −5.37% |
| CDRO Codere Online Luxembourg, S.A. compare | −16.7% |
| Gambling industry median | −2.68% |
| Consumer Cyclical sector median | 2.12% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
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- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
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