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) Operating margin
Churchill Downs, Incorporated's operating margin over the twelve months to 30 September 2026 was 25.5%, up 2.2 percentage points from fiscal 2025 (23.4%). Over the past ten years it has ranged from 5.71% (fiscal 2020) to 25.9% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Gambling industry median of 0.00% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 23.4% | (2.56) |
| FY2024 | 25.9% | 3.02 |
| FY2023 | 22.9% | 5.13 |
| FY2022 | 17.8% | (0.03) |
| FY2021 | 17.8% | 12.10 |
| FY2020 | 5.71% | (10.51) |
| FY2019 | 16.2% | (2.49) |
| FY2018 | 18.7% | 2.20 |
| FY2017 | 16.5% | (4.47) |
| FY2016 | 21.0% | 5.16 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 20.6% | (15.88) |
| Jun 2026 | 36.4% | 14.86 |
| Mar 2026 | 21.6% | 2.98 |
| Dec 2025 | 18.6% | 4.24 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CHDN Churchill Downs, Incorporated | 25.5% |
| BRSL Brightstar Lottery compare | 24.0% |
| SGHC Super Group (SGHC) Limited compare | 22.7% |
| LNWO Light & Wonder, Inc. compare | 20.3% |
| RSI Rush Street Interactive, Inc. compare | 10.9% |
| ACEL Accel Entertainment, Inc. compare | 8.25% |
| CDRO Codere Online Luxembourg, S.A. compare | 0.00% |
| DKNG DraftKings Inc. compare | −2.93% |
| FLUT Flutter Entertainment PLC compare | −5.79% |
| Gambling industry median | 0.00% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
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- Net 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
- Shares outstanding
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