Churchill Downs (FRA:CHR) Pre-Tax Income: €506 Mil (TTM As of Jun. 2026)

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FRA:CHR Churchill Downs Inc FRA:CHR
84 GF Score
Price €71.00
GF Value €122.43
! 4 Warning Signs
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What is Churchill Downs Pre-Tax Income?

Churchill Downs FRA:CHR +0.71% 84 Pre-Tax Income is €506 Mil as of Jun. 2026. GuruFocus rates FRA:CHR with a GF Score™ of 84/100 and a GF Value™ of €122.43. The stock has 4 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Churchill Downs's pretax income for the three months ended in Jun. 2026 was €285 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was €506 Mil. Churchill Downs's pretax margin was 33.47%.

During the past 13 years, Churchill Downs's highest Pretax Margin was 33.64%. The lowest was 0.76%. And the median was 19.58%.


Churchill Downs  (FRA:CHR) Pre-Tax Income Explanation

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

Pretax Margin=Pretax Income/Revenue
=284.704/850.64
=33.47%

During the past 13 years, Churchill Downs's highest Pretax Margin was 33.64%. The lowest was 0.76%. And the median was 19.58%.

* 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 Pre-Tax Income Related Terms


Churchill Downs Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Churchill Downs's Pre-Tax Income 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 Pre-Tax Income Chart

Churchill Downs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 304.09 574.71 515.17 547.41 454.67

Churchill Downs Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income 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 253.16 52.14 71.14 97.75 284.70

FRA:CHR vs LNWO, SGHC, RSI: Pre-Tax Income Comparison

For the Gambling subindustry, Churchill Downs's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Churchill Downs's Pre-Tax Income falls into.


FRA:CHR
84GF Score
Churchill Downs Inc FRA:CHR
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Churchill Downs Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

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

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=628.886+80.02+-254.236+0+5.6843418860808E-14
=455

Churchill Downs's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=310.744+34.72+-60.76+0+-5.6843418860808E-14
=285

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €506 Mil.

* 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 Pre-Tax Income →
What does a Pre-Tax Income of €506 Mil mean?
Churchill Downs (FRA:CHR) has a Pre-Tax Income of €506 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Churchill Downs and its competitors.
Is Churchill Downs' Pre-Tax Income too high?
Churchill Downs' current Pre-Tax Income is €506 Mil. Overall, Churchill Downs has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' Pre-Tax Income compare to LNWO and SGHC?
Churchill Downs' Pre-Tax Income of €506 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Travel & Leisure company?
A good Pre-Tax Income depends on the Travel & Leisure industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Churchill Downs and its competitors. Churchill Downs's current Pre-Tax Income is €506 Mil. 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?
Churchill Downs (FRA:CHR) has a current Pre-Tax Income of €506 Mil. The stock's GF Value™ is €122.43, compared to a current price of €71.00 — trading 42% below its estimated fair value. The current Pre-Tax Income is €506 Mil. Churchill Downs' overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Churchill Downs (FRA:CHR), the current Pre-Tax Income is €506 Mil as of Jun. 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 (FRA:CHR) Overvalued in 2026?

Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued. The current stock price of €71.00 is trading 42% below its estimated GF Value™ of €122.43.

Key valuation signals for FRA:CHR:

  • Pre-Tax Income: €506 Mil
  • GF Value™: €122.43 vs. price of €71.00 (42% below fair value)
  • GF Score™: 84/100 with 4 warning signs

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


Churchill Downs Business Description

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.
84GF Score

Get the complete analysis for FRA:CHR

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€71.00
Price
€122.43
GF Value