Churchill Downs (XTER:CHR) FCF Margin %: 35.60% (As of Mar. 2026) — 301% Above 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 FCF Margin %?

Churchill Downs XTER:CHR -0.66% 62 FCF Margin % is 35.60% as of Mar. 2026, which is 301% above its 10-year median of 8.88. 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 843 Travel & Leisure companies, Churchill Downs ranks better than 69.16% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Churchill Downs's Free Cash Flow for the three months ended in Mar. 2026 was €204 Mil. Churchill Downs's Revenue for the three months ended in Mar. 2026 was €573 Mil. Therefore, Churchill Downs's FCF Margin % for the quarter that ended in Mar. 2026 was 35.60%.

As of today, Churchill Downs's current FCF Yield % is 6.39%.

The historical rank and industry rank for Churchill Downs's FCF Margin % or its related term are showing as below:

XTER:CHR' s FCF Margin % Range Over the Past 10 Years
Min: -8.76   Med: 8.88   Max: 21.49
Current: 12.94


During the past 13 years, the highest FCF Margin % of Churchill Downs was 21.49%. The lowest was -8.76%. And the median was 8.88%.

XTER:CHR's FCF Margin % is ranked better than
69.16% of 843 companies
in the Travel & Leisure industry
Industry Median: 5.86 vs XTER:CHR: 12.94


Churchill Downs FCF Margin % Related Terms


Churchill Downs FCF Margin % Historical Data

* Premium members only.

The historical data trend for Churchill Downs's FCF 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 FCF Margin % Chart

Churchill Downs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.26 4.42 -2.87 8.25 10.58

Churchill Downs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF 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 25.97 16.51 -8.40 6.86 35.60

XTER:CHR vs : FCF Margin % Comparison

For the Gambling subindustry, Churchill Downs's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Travel & Leisure Industry

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

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


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

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=264.398/2498.719
=10.58 %

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

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=204.14/573.495
=35.60 %

* 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 FCF Margin % →
What does a FCF Margin % of 35.60% mean?
Churchill Downs (XTER:CHR) has a FCF Margin % of 35.60% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Churchill Downs and its competitors. This is 301% above median its historical median of 8.88. According to the industry distribution chart, Churchill Downs ranks #260 out of 843 companies in the Travel & Leisure industry, placing it in the top 30.8%.
Is Churchill Downs' FCF Margin % too high?
Churchill Downs' current FCF Margin % of 35.60% is 301% above median its 10-year median of 8.88. The Travel & Leisure industry median FCF Margin % is 5.86. Churchill Downs' value of 35.60% is 507.5% above this industry median. Based on the distribution chart, Churchill Downs ranks #260 out of 843 companies in the Travel & Leisure industry, which is above the industry midpoint. 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' FCF Margin % compare to ?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #260 out of 843 companies for FCF Margin %. This puts Churchill Downs in the upper half of its industry. The industry median FCF Margin % is 5.86. Churchill Downs' value of 35.60% is 507.5% above this benchmark. While the company's 10-year median is 8.88 vs. the industry median of 5.86, 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 FCF Margin % for a Travel & Leisure company?
The median FCF Margin % among Travel & Leisure companies is 5.86, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Churchill Downs's current FCF Margin % of 35.60% is 507.5% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Churchill Downs and its competitors. For the Travel & Leisure industry, the median FCF Margin % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current FCF Margin % is 35.60%, which is 301% above median its own 10-year median of 8.88. 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 FCF Margin % is 35.60%, which is 301% above median its 10-year median of 8.88 and 507.5% above the Travel & Leisure industry median of 5.86. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Churchill Downs (XTER:CHR), the current FCF Margin % is 35.60% 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:

  • FCF Margin %: 35.60% (301% above median its 10-year median of 8.88)
  • GF Value™: €137.17 vs. price of €75.50 (45% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 507.5% above the Travel & Leisure median (#260 of 843)

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

€75.50
Price
€137.17
GF Value