Churchill Downs (XTER:CHR) EBITDA Margin %: 36.65% (As of Mar. 2026) — Near Median


XTER:CHR Churchill Downs Inc XTER:CHR
62 GF Score
Price €75.50
GF Value €137.17
Valuation Possible Value Trap
! 4 Warning Signs
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What is Churchill Downs EBITDA Margin %?

Churchill Downs XTER:CHR -0.66% 62 EBITDA Margin % is 36.65% as of Mar. 2026, which is 4% above its 10-year median of 35.09. GuruFocus rates XTER:CHR with a GF Score™ of 62/100 and a GF Value™ of €137.17 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 845 Travel & Leisure companies, Churchill Downs ranks better than 83.91% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Churchill Downs's EBITDA for the three months ended in Mar. 2026 was €210 Mil. Churchill Downs's Revenue for the three months ended in Mar. 2026 was €573 Mil. Therefore, Churchill Downs's EBITDA margin for the quarter that ended in Mar. 2026 was 36.65%.


Churchill Downs  (XTER:CHR) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Churchill Downs EBITDA Margin % Related Terms


Churchill Downs EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Churchill Downs's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Churchill Downs EBITDA Margin % Chart

Churchill Downs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.61 48.35 40.84 39.05 36.56

Churchill Downs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.61 45.53 28.54 33.05 36.65

XTER:CHR vs : EBITDA Margin % Comparison

For the Gambling subindustry, Churchill Downs's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Churchill Downs EBITDA Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Churchill Downs's EBITDA Margin % falls into.


XTER:CHR
62GF Score
Churchill Downs Inc XTER:CHR
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Churchill Downs EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Churchill Downs's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=913.438/2498.719
=36.56 %

Churchill Downs's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=210.195/573.495
=36.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 36.65% mean?
Churchill Downs (XTER:CHR) has a EBITDA Margin % of 36.65% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Churchill Downs and its competitors. This is near median its historical median of 35.09. Over the past decade, Churchill Downs' EBITDA Margin % has ranged from 17.64 to 48.35. According to the industry distribution chart, Churchill Downs ranks #136 out of 845 companies in the Travel & Leisure industry, placing it in the top 16.1%.
Is Churchill Downs' EBITDA Margin % too high?
Churchill Downs' current EBITDA Margin % of 36.65% is near median its 10-year median of 35.09. Over the past 10 years, this metric has ranged from a low of 17.64 to a high of 48.35. The Travel & Leisure industry median EBITDA Margin % is 15.67. Churchill Downs' value of 36.65% is 133.9% above this industry median. Based on the distribution chart, Churchill Downs ranks #136 out of 845 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Churchill Downs has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' EBITDA Margin % compare to ?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #136 out of 845 companies for EBITDA Margin %. This places Churchill Downs in the top 16% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 15.67. Churchill Downs' value of 36.65% is 133.9% above this benchmark. Historically, Churchill Downs' own EBITDA Margin % has ranged from 17.64 to 48.35 over the past decade. While the company's 10-year median is 35.09 vs. the industry median of 15.67, Churchill Downs has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Travel & Leisure company?
The median EBITDA Margin % among Travel & Leisure companies is 15.67, based on 845 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Churchill Downs's current EBITDA Margin % of 36.65% is 133.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Churchill Downs and its competitors. For the Travel & Leisure industry, the median EBITDA Margin % is 15.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current EBITDA Margin % is 36.65%, which is near median its own 10-year median of 35.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Based on GuruFocus' analysis, Churchill Downs (XTER:CHR) is currently considered Possible Value Trap. The stock's GF Value™ is €137.17, compared to a current price of €75.50 — trading 45% below its estimated fair value. The current EBITDA Margin % is 36.65%, which is near median its 10-year median of 35.09 and 133.9% above the Travel & Leisure industry median of 15.67. Churchill Downs' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Churchill Downs (XTER:CHR), the current EBITDA Margin % is 36.65% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Churchill Downs (XTER:CHR) Overvalued in 2026?

Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued. The current stock price of €75.50 is trading 45% below its estimated GF Value™ of €137.17. GuruFocus considers Churchill Downs to be Possible Value Trap.

Key valuation signals for XTER:CHR:

  • EBITDA Margin %: 36.65% (near median its 10-year median of 35.09)
  • GF Value™: €137.17 vs. price of €75.50 (45% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 133.9% above the Travel & Leisure median (#136 of 845)

No single metric tells the full story. See the XTER:CHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Churchill Downs Business Description

Comparable Companies
Other Exchanges CHDN:USAC2HD34:Brazil
Address 600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
62GF Score

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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€75.50
Price
€137.17
GF Value