Churchill DownsXTER:CHR -0.66%62 Net Margin % is 12.52% as of Mar. 2026, which is 20% below its 10-year median of 15.61. 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 847 Travel & Leisure companies, Churchill Downs ranks better than 75.68% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Churchill Downs's Net Income for the
three
months ended in Mar. 2026 was €72 Mil. Churchill Downs's Revenue for the
three
months ended in Mar. 2026 was €573 Mil. Therefore, Churchill Downs's net margin for the quarter that ended in Mar. 2026 was 12.52%.
The historical rank and industry rank for Churchill Downs's Net Margin % or its related term are showing as below:
XTER:CHR'
s Net Margin % Range Over the Past 10 Years
Min: -7.77 Med: 15.61 Max: 34.97
Current: 13.21
XTER:CHR's Net Margin % is ranked better than 75.68% of 847
companies
in the Travel & Leisure industry
Industry Median: 4.74
vs XTER:CHR: 13.21
Churchill Downs (XTER:CHR) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Churchill Downs Net Margin % Related Terms
Churchill Downs Net Margin % Historical Data
* Premium members only.
The historical data trend for Churchill Downs's Net 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.
For the Gambling subindustry, Churchill Downs's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Net Margin % distribution charts can be found below:
* The bar in red indicates where Churchill Downs's Net Margin % falls into.
* 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 (XTER:CHR) has a Net Margin % of 12.52% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Churchill Downs and its competitors. This is 20% below median its historical median of 15.61. According to the industry distribution chart, Churchill Downs ranks #206 out of 847 companies in the Travel & Leisure industry, placing it in the top 24.3%.
Is Churchill Downs' Net Margin % too high?
Churchill Downs' current Net Margin % of 12.52% is 20% below median its 10-year median of 15.61. The Travel & Leisure industry median Net Margin % is 4.74. Churchill Downs' value of 12.52% is 164.1% above this industry median. Based on the distribution chart, Churchill Downs ranks #206 out of 847 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' Net Margin % compare to ?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #206 out of 847 companies for Net Margin %. This places Churchill Downs in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.74. Churchill Downs' value of 12.52% is 164.1% above this benchmark. While the company's 10-year median is 15.61 vs. the industry median of 4.74, 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 Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.74, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Churchill Downs's current Net Margin % of 12.52% is 164.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Churchill Downs and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current Net Margin % is 12.52%, which is 20% below median its own 10-year median of 15.61. 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 Net Margin % is 12.52%, which is 20% below median its 10-year median of 15.61 and 164.1% above the Travel & Leisure industry median of 4.74. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Churchill Downs (XTER:CHR), the current Net Margin % is 12.52% 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:
Net Margin %: 12.52% (20% below median its 10-year median of 15.61)
GF Value™: €137.17 vs. price of €75.50 (45% below fair value)
Industry Position: 164.1% above the Travel & Leisure median (#206 of 847)
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 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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