Churchill Downs Incorporated (CHDN)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 137,500 | 144,900 | 186,400 | 182,400 |
| Revenue (ttm) | US$ in thousands | 2,323,200 | 2,312,700 | 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 | 1,329,700 | 1,268,100 | 1,183,100 | 1,085,100 |
| Net profit margin | 17.96% | 15.60% | 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% | 10.34% | 11.43% | 15.76% | 16.81% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $417,300K ÷ $2,323,200K
= 17.96%
The net profit margin of Churchill Downs, Inc. has shown some fluctuations over the past eight quarters. In Q1 2023, the net profit margin was the highest at 27.58%, indicating that the company generated $0.2758 in profit for every dollar of revenue. This was followed by Q4 2022 and Q3 2022, with net profit margins of 24.28% and 28.43% respectively.
However, there were some periods of lower profitability, such as in Q1 2022 and Q4 2023 where the net profit margins were 15.58% and 16.95% respectively. This suggests that the company faced challenges in controlling costs or generating revenue during those quarters.
Overall, despite some variability, Churchill Downs, Inc. has maintained a relatively healthy net profit margin range, indicating efficient cost management and strong revenue generation capabilities.