Churchill Downs Incorporated (CHDN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 426,800 | 417,300 | 439,400 | 249,100 | 13,300 |
| Revenue | US$ in thousands | 2,734,300 | 2,461,700 | 1,809,800 | 1,597,200 | 1,054,000 |
| Net profit margin | 15.61% | 16.95% | 24.28% | 15.60% | 1.26% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $426,800K ÷ $2,734,300K
= 15.61%
Churchill Downs Incorporated has shown a fluctuating trend in its net profit margin over the years based on the provided data. The net profit margin, which reflects the company's profitability relative to its revenue, was at 1.26% as of December 31, 2020. Subsequently, there was a substantial improvement in the net profit margin to 15.60% by the end of 2021, indicating a significant increase in profitability.
The trend continued to be positive as the net profit margin further improved to 24.28% by December 31, 2022, showcasing a remarkable growth in profitability. However, there was a slight decline in the net profit margin to 16.95% by the end of 2023, followed by a marginal decrease to 15.61% as of December 31, 2024.
Overall, Churchill Downs Incorporated demonstrated a mixed performance in its net profit margin over the specified period, with significant spikes in profitability in certain years but also some minor setbacks. Monitoring and analyzing the factors influencing these fluctuations in net profit margin can provide valuable insights into the company's financial performance and efficiency in generating profits.