Churchill Downs Incorporated (CHDN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,383,000 | 919,800 | 898,200 | 808,900 | 795,700 | 766,000 | 704,600 | 645,200 | 566,400 | 518,500 | 521,600 | 462,300 | 446,100 | 414,900 | 398,000 | 240,200 | 193,500 | 177,700 | 152,000 | 316,900 |
| Revenue (ttm) | US$ in thousands | 2,734,300 | 2,671,300 | 2,615,300 | 2,493,100 | 2,461,700 | 2,380,600 | 2,191,200 | 2,005,200 | 1,809,800 | 1,694,500 | 1,704,400 | 1,637,000 | 1,597,200 | 1,510,600 | 1,455,400 | 1,125,400 | 1,054,000 | 1,056,400 | 1,024,900 | 1,317,200 |
| Gross profit margin | 50.58% | 34.43% | 34.34% | 32.45% | 32.32% | 32.18% | 32.16% | 32.18% | 31.30% | 30.60% | 30.60% | 28.24% | 27.93% | 27.47% | 27.35% | 21.34% | 18.36% | 16.82% | 14.83% | 24.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,383,000K ÷ $2,734,300K
= 50.58%
Churchill Downs Incorporated has shown fluctuating gross profit margins over the analyzed period. The gross profit margin was 24.06% as of March 31, 2020, and experienced a decrease to 14.83% by June 30, 2020. There was a subsequent increase in the margin to 18.36% by December 31, 2020.
The gross profit margin displayed a rising trend in the following periods, reaching 32.18% by September 30, 2023. The margin saw a significant surge to 50.58% by December 31, 2024. This indicates the company experienced a substantial increase in its revenue relative to its cost of goods sold during that period.
Overall, Churchill Downs Incorporated's gross profit margin has shown variability but ended on a high note by December 31, 2024, signifying an improved ability to generate profits from its core operations.