Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 24.21% is in line with its 5-year average of 22.73%, around the middle of its 5-year range (12.23%–37.05%).
4.21% below its 12-month average of 25.27%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 36.43%.
OPERATING MARGIN
24.21%
OPERATING MARGIN AVG TTM
25.27%
OPERATING MARGIN AVG 3Y
24.15%
OPERATING MARGIN AVG 5Y
22.73%
OPERATING MARGIN AVG 10Y
18.04%
OPERATING MARGIN AVG 15Y
14.55%
OPERATING MARGIN AVG 20Y
12.57%
CURRENT VS TTM AVG
-4.21%
CURRENT VS 3Y AVG
+0.24%
CURRENT VS 5Y AVG
+6.49%
CURRENT VS 10Y AVG
+34.23%
CURRENT VS 15Y AVG
+66.41%
CURRENT VS 20Y AVG
+92.62%
SECTOR MEDIAN · CONSUMER CYCLICAL
5.42%
median of 203 covered companies
CURRENT VS SECTOR MEDIAN
+346.68%
vs the sector median at left
Churchill Downs Incorporated
Market Cap
$5.41B
Operating Margin
24.21%
TTM Avg
25.27%
3Y Avg
24.15%
5Y Avg
22.73%
Market Cap
$5.42B
Operating Margin
5.27%
TTM Avg
4.99%
3Y Avg
3.58%
5Y Avg
3.42%
Market Cap
$5.45B
Operating Margin
19.98%
TTM Avg
19.41%
3Y Avg
15.77%
5Y Avg
15.44%
Market Cap
$5.32B
Operating Margin
-32.66%
TTM Avg
-5.32%
3Y Avg
8.30%
5Y Avg
10.94%
Market Cap
$4.98B
Operating Margin
10.63%
TTM Avg
13.54%
3Y Avg
13.16%
5Y Avg
12.69%
Market Cap
$4.96B
Operating Margin
14.82%
TTM Avg
16.86%
3Y Avg
17.03%
5Y Avg
17.60%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Churchill Downs Incorporated (CHDN) | $5.41B | 24.21% | 25.27% | 24.15% | 22.73% |
| The Cheesecake Factory Incorporated (CAKE)vs › | $5.42B | 5.27% | 4.99% | 3.58% | 3.42% |
| Frontdoor, Inc. (FTDR)vs › | $5.45B | 19.98% | 19.41% | 15.77% | 15.44% |
| H&R Block, Inc. (HRB)vs › | $5.32B | -32.66% | -5.32% | 8.30% | 10.94% |
| Crocs, Inc. (CROX)vs › | $5.67B | 20.73% | 23.44% | 24.30% | 23.70% |
| LKQ Corporation (LKQ)vs › | $5.67B | 6.79% | 8.08% | 9.58% | 9.68% |
| Garrett Motion Inc. (GTX)vs › | $4.98B | 10.63% | 13.54% | 13.16% | 12.69% |
| Vail Resorts, Inc. (MTN)vs › | $4.96B | 14.82% | 16.86% | 17.03% | 17.60% |
| Macy's, Inc. (M)vs › | $5.92B | 4.88% | 4.25% | 3.25% | 5.13% |
| Caesars Entertainment, Inc. (CZR)vs › | $6.04B | 17.52% | 19.29% | 19.02% | 13.47% |
Gross Margin
33.6%
Operating Margin
24.2%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 36.43% |
| 2026-03-31 | 21.72% |
| 2025-12-31 | 18.80% |
| 2025-09-30 | 14.35% |
| 2025-06-30 | 35.07% |
| 2025-03-31 | 20.95% |
| 2024-12-31 | 20.31% |
| 2024-09-30 | 20.03% |
| 2024-06-30 | 37.05% |
| 2024-03-31 | 21.37% |
| 2023-12-31 | 18.92% |
| 2023-09-30 | 19.62% |
| 2023-06-30 | 29.36% |
| 2023-03-31 | 21.43% |
| 2022-12-31 | 16.62% |
| 2022-09-30 | 16.76% |
| 2022-06-30 | 34.49% |
| 2022-03-31 | 15.74% |
| 2021-12-31 | 12.23% |
| 2021-09-30 | 17.71% |
| 2021-06-30 | 28.46% |
| 2021-03-31 | 14.40% |
| 2020-12-31 | 8.16% |
| 2020-09-30 | 14.80% |
| 2020-06-30 | -0.22% |
| 2020-03-31 | -4.59% |
| 2019-12-31 | 1.25% |
| 2019-09-30 | 9.08% |
| 2019-06-30 | 32.76% |
| 2019-03-31 | 10.55% |
| 2018-12-31 | 5.48% |
| 2018-09-30 | 9.26% |
| 2018-06-30 | 36.00% |
| 2018-03-31 | 10.41% |
| 2017-12-31 | -7.15% |
| 2017-09-30 | 10.48% |
| 2017-06-30 | 28.66% |
| 2017-03-31 | 6.26% |
| 2016-12-31 | 15.70% |
| 2016-09-30 | 8.83% |
| 2016-06-30 | 26.77% |
| 2016-03-31 | 2.18% |
| 2015-12-31 | 4.54% |
| 2015-09-30 | 3.39% |
| 2015-06-30 | 25.87% |
| 2015-03-31 | -1.65% |
| 2014-12-31 | -8.14% |
| 2014-09-30 | 4.82% |
| 2014-06-30 | 31.01% |
| 2014-03-31 | 0.94% |
| 2013-12-31 | -3.27% |
| 2013-09-30 | 5.48% |
| 2013-06-30 | 28.93% |
| 2013-03-31 | 2.02% |
| 2012-12-31 | 1.92% |
| 2012-09-30 | 4.74% |
| 2012-06-30 | 30.35% |
| 2012-03-31 | 2.69% |
| 2011-12-31 | 4.22% |
| 2011-09-30 | 6.06% |
| 2011-06-30 | 27.02% |
| 2011-03-31 | 8.46% |
| 2010-12-31 | -2.45% |
| 2010-09-30 | 2.43% |
| 2010-06-30 | 23.55% |
| 2010-03-31 | -21.62% |
| 2009-12-31 | -11.59% |
| 2009-09-30 | 2.44% |
| 2009-06-30 | 28.40% |
| 2009-03-31 | -12.20% |
| 2008-12-31 | -6.03% |
| 2008-09-30 | 4.31% |
| 2008-06-30 | 28.49% |
| 2008-03-31 | 3.93% |
| 2007-12-31 | -5.79% |
| 2007-09-30 | 4.46% |
| 2007-06-30 | 28.42% |
| 2007-03-31 | -29.52% |
| 2006-12-31 | 5.72% |
| 2006-09-30 | 4.69% |
| 2006-06-30 | 32.44% |
| 2006-03-31 | -38.43% |
| 2005-12-31 | -9.22% |
| 2005-09-30 | 5.41% |
| 2005-06-30 | 24.75% |
| 2005-03-31 | -41.38% |
| 2004-12-31 | 2.41% |
| 2004-09-30 | -0.93% |
| 2004-06-30 | 24.81% |
| 2004-03-31 | 49.94% |
| 2003-12-31 | 0.26% |
| 2003-09-30 | 11.57% |
| 2003-06-30 | 26.76% |
| 2003-03-31 | -52.86% |
| 2002-12-31 | 5.37% |
| 2002-09-30 | 12.51% |
