Churchill Downs Incorporated (CHDN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 938,500 | 795,700 | 566,400 | 446,100 | 193,500 |
| Revenue | US$ in thousands | 2,734,300 | 2,461,700 | 1,809,800 | 1,597,200 | 1,054,000 |
| Gross profit margin | 34.32% | 32.32% | 31.30% | 27.93% | 18.36% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $938,500K ÷ $2,734,300K
= 34.32%
Churchill Downs Incorporated has shown a positive trend in its gross profit margin over the past five years, increasing from 18.36% as of December 31, 2020, to 34.32% as of December 31, 2024. This indicates that the company has been able to efficiently manage its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The consistent improvement in the gross profit margin reflects the company's ability to enhance operational efficiency and pricing strategies. Overall, the increasing trend in the gross profit margin demonstrates positive financial performance and effective cost control measures by Churchill Downs Incorporated.