Churchill Downs Incorporated (CHDN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 425,800 | 411,700 | 408,300 | 342,000 | 417,300 | 360,700 | 356,700 | 553,000 | 439,400 | 481,700 | 486,100 | 255,100 | 249,100 | 222,900 | 204,700 | -22,400 | -81,900 | -95,000 | -123,400 | 102,500 |
| 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 |
| Net profit margin | 15.57% | 15.41% | 15.61% | 13.72% | 16.95% | 15.15% | 16.28% | 27.58% | 24.28% | 28.43% | 28.52% | 15.58% | 15.60% | 14.76% | 14.06% | -1.99% | -7.77% | -8.99% | -12.04% | 7.78% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $425,800K ÷ $2,734,300K
= 15.57%
The net profit margin of Churchill Downs Incorporated has displayed fluctuations over the period from March 31, 2020 to December 31, 2024. The margin started at 7.78% on March 31, 2020, but turned negative in the following quarters, reaching its lowest point of -12.04% on June 30, 2020.
However, the company managed to improve its performance gradually, achieving positive net profit margins in subsequent periods. By June 30, 2021, the net profit margin surged to 14.06% and continued to rise steadily, reaching a peak of 28.52% on June 30, 2022.
Subsequently, the net profit margin experienced some fluctuations, but generally remained at healthy levels above 15% through December 31, 2024, signaling efficient cost management and strong revenue generation relative to the net income.
Overall, the trend in net profit margin indicates that Churchill Downs Incorporated has made significant improvements in its profitability over the analyzed period, showcasing effective financial management and operational performance.