Churchill Downs Inc
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Dec 2016 | — | 3.9% | 3.3% |
| Mar 2017 | — | 5.0% | 4.4% |
| Jun 2017 | — | 36.3% | 23.1% |
| Sep 2017 | — | 13.6% | 8.5% |
| Dec 2017 | — | -7.2% | 21.4% |
| Mar 2018 | — | 10.4% | 96.1% |
| Jun 2018 | — | 36.0% | 27.2% |
| Sep 2018 | — | 9.3% | 25.4% |
| Dec 2018 | — | 5.5% | 5.2% |
| Mar 2019 | — | 10.6% | 4.4% |
| Jun 2019 | — | 32.8% | 22.4% |
| Sep 2019 | — | 9.1% | 4.8% |
| Dec 2019 | — | 1.2% | 1.4% |
| Mar 2020 | — | -4.6% | -9.3% |
| Jun 2020 | — | -0.2% | -64.2% |
| Sep 2020 | — | 14.7% | 12.8% |
| Dec 2020 | — | 8.2% | 6.1% |
| Mar 2021 | — | 14.4% | 11.1% |
| Jun 2021 | — | 26.3% | 21.0% |
| Sep 2021 | — | 17.2% | 15.6% |
| Dec 2021 | — | 9.5% | 11.9% |
| Mar 2022 | — | 13.0% | 11.6% |
| Jun 2022 | — | 34.3% | 58.2% |
| Sep 2022 | — | 16.4% | 14.9% |
| Dec 2022 | — | 2.4% | 0.2% |
| Mar 2023 | — | 21.4% | 27.8% |
| Jun 2023 | — | 29.4% | 18.6% |
| Sep 2023 | — | 19.6% | 10.7% |
| Dec 2023 | — | 18.9% | 10.3% |
| Mar 2024 | — | 21.4% | 13.6% |
| Jun 2024 | — | 37.0% | 23.5% |
| Sep 2024 | — | 20.0% | 10.4% |
| Dec 2024 | — | 20.3% | 11.5% |
| Mar 2025 | — | 21.0% | 12.0% |
| Jun 2025 | — | 35.0% | 23.2% |
| Sep 2025 | — | 14.3% | 5.6% |
| Dec 2025 | — | 18.6% | 7.6% |
| Mar 2026 | — | 21.6% | 12.5% |
| Jun 2026 | — | 36.4% | 24.6% |