SuperworthChurchill Downs profit margin CHDN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 13.8%
- Operating margin, 12 months
- 24.1%
- Net margin on a year earlier
- −1.4 pts
- Peer median
- 6.6%
Over the twelve months to Jun 30, 2026, Churchill Downs kept 13.8% of its revenue as net profit, with an operating margin of 24.1% and a gross margin of 34.2%.
Five years earlier its net margin was 14.1%.
The median for 10 entertainment stocks of a similar size is 6.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 13.1% | 23.3% | 33.6% |
| FY2024 | 15.6% | 25.9% | 34.3% |
| FY2023 | 17.0% | 22.9% | 32.3% |
| FY2022 | 24.3% | 17.8% | 31.3% |
| FY2021 | 15.6% | 17.8% | 27.9% |
| FY2020 | −7.8% | 5.7% | 18.4% |
| FY2019 | 10.3% | 16.2% | 25.8% |
| FY2018 | 35.0% | 18.7% | 28.7% |
| FY2017 | 15.9% | 16.5% | n/a |
| FY2016 | 13.1% | 21.0% | n/a |
| FY2015 | 5.4% | 10.2% | n/a |
| FY2014 | 5.7% | 11.1% | n/a |
| FY2013 | 6.9% | 11.6% | n/a |
| FY2012 | 7.9% | 13.2% | n/a |
| FY2011 | 9.1% | 11.6% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 13.8% | −1.4 pts | 24.1% | |
| Q1 FY26 | 13.2% | −2.0 pts | 23.5% | |
| Q4 FY25 | 13.1% | −2.5 pts | 23.3% | |
| Q3 FY25 | 14.0% | −1.5 pts | 23.8% | |
| Q2 FY25 | 15.2% | −0.4 pts | 25.2% | |
| Q1 FY25 | 15.2% | +1.5 pts | 25.7% | |
| Q4 FY24 | 15.6% | −1.3 pts | 25.9% | |
| Q3 FY24 | 15.4% | +0.3 pts | 25.8% | |
| Q2 FY24 | 15.6% | −0.7 pts | 25.8% | |
| Q1 FY24 | 13.7% | −13.9 pts | 22.9% | |
| Q4 FY23 | 17.0% | −7.3 pts | 22.9% | |
| Q3 FY23 | 15.2% | −13.3 pts | 19.7% |
Against its peers
Companies in Entertainment nearest Churchill Downs' size, closest first, today.
| Company | Profit margin |
|---|---|
| CHDNChurchill Downs | 13.8% |
| MTNVail Resorts | 5.2% |
| NXSTNexstar Media | 3.2% |
| CNKCinemark | 6.4% |
| RSIRush Street Interactive | 2.3% |
| MSGEMadison Square Garden Entertainment | 6.2% |
| ADEAAdeia | 26.1% |
| WMGWarner Music | 9.2% |
| FWONKLiberty Media | 9.4% |
| PRSUPursuit Attractions & Hospitality | 7.9% |
| ROKURoku | 6.8% |
| Peer median | 6.6% |
Where Churchill Downs ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Churchill Downs
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.