Churchill Downs Incorporated (CHDN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 713,700 | 693,100 | 679,500 | 574,500 | 564,000 | 541,100 | 539,600 | 513,700 | 483,600 | 435,000 | 391,800 | 327,500 | 284,400 | 272,400 | 254,300 | 118,500 | 60,200 | 41,000 | 19,300 | 176,100 |
| 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 |
| Operating profit margin | 26.10% | 25.95% | 25.98% | 23.04% | 22.91% | 22.73% | 24.63% | 25.62% | 26.72% | 25.67% | 22.99% | 20.01% | 17.81% | 18.03% | 17.47% | 10.53% | 5.71% | 3.88% | 1.88% | 13.37% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $713,700K ÷ $2,734,300K
= 26.10%
The operating profit margin of Churchill Downs Incorporated has shown fluctuations over the reporting periods from March 31, 2020, to December 31, 2024. The operating profit margin is a key indicator of a company's operational efficiency and profitability, representing the percentage of revenue that translates into operating income.
The trend in the operating profit margin for Churchill Downs Incorporated indicates some variability but generally shows an increasing pattern over the analyzed period. The margin notably increased from 13.37% as of March 31, 2020, to 26.10% by December 31, 2024.
There were some periods of decline in the operating profit margin, such as the significant drop observed between June 30, 2020 (1.88%) and September 30, 2020 (3.88%). However, the company managed to improve its operating profitability consistently in the subsequent quarters.
The most notable improvement occurred between March 31, 2022 (20.01%) and December 31, 2024 (26.10%), representing a substantial increase in operational efficiency and profitability. This positive trend indicates that Churchill Downs Incorporated has been effectively managing its operating expenses and generating higher operating income relative to its revenue.
Overall, the increasing trend in the operating profit margin reflects potential improvements in cost management, revenue generation, and operational effectiveness within Churchill Downs Incorporated over the analyzed period. It suggests that the company has been successful in optimizing its operations to enhance profitability.