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CHSCL

CHS Inc.

CHSCL

CHS Inc. • NASDAQ
$25.51 ▼ -0.08% (-0.02)
Market Cap $313.06 M
52w High $26.27
52w Low $25.15
Dividend Yield 1.88%
P/E 0
Volume 52.69K
Outstanding Shares 12.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $8.606B ▼ $276.883M ▲ $196.697M ▼ 2.286% ▼ $0 $420.253M ▼
Q3-2025 $9.766B ▲ $258.85M ▲ $232.184M ▲ 2.377% ▲ $0 $462.334M ▲
Q2-2025 $7.796B ▼ $248.268M ▼ $-75.754M ▼ -0.972% ▼ $0 $-171.953M ▼
Q1-2025 $9.294B ▲ $262.85M ▼ $244.79M ▲ 2.634% ▲ $0 $434.169M ▲
Q4-2024 $9.174B $272.441M $111.815M 1.219% $0 $170.969M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $399.26M ▼ $18.864B ▼ $7.784B ▼ $11.077B ▲
Q3-2025 $404.149M ▼ $19.687B ▼ $8.898B ▲ $10.785B ▼
Q2-2025 $433.3M ▼ $20.099B ▲ $8.611B ▲ $11.488B ▼
Q1-2025 $879.768M ▼ $19.576B ▲ $7.891B ▼ $11.685B ▲
Q4-2024 $1.375B $18.715B $7.953B $10.755B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $196.697M ▼ $1.271B ▲ $-328.435M ▲ $-955.259M ▼ $-4.889M ▲ $1.079B ▲
Q3-2025 $231.431M ▲ $696.552M ▲ $-506.277M ▼ $-307.487M ▼ $-123.585M ▼ $696.552M ▲
Q2-2025 $-75.754M ▼ $-1.038B ▼ $-39.216M ▼ $1.068B ▲ $-6.882M ▲ $-1.038B ▼
Q1-2025 $245.593M ▲ $-293.984M ▼ $-6.667M ▲ $-36.042M ▼ $-339.246M ▼ $-293.984M ▼
Q4-2024 $111.815M $1.113B $-912.116M $281.305M $484.034M $837.831M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Ag
Ag
 $7.14Bn ▲$6.09Bn ▼$7.96Bn ▲$6.56Bn ▼
Energy
Energy
 $2.28Bn ▲$1.80Bn ▼$1.90Bn ▲$2.06Bn ▲
Other Operating Segment
Other Operating Segment
 $160.00M ▲$100.00M ▼$120.00M ▲$40.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Results have swung noticeably over the past few years, which is typical for a business tied to crop prices, energy markets, and global trade. Sales climbed sharply coming out of 2021, then eased back more recently. Profitability followed a similar pattern: very strong in 2022 and 2023, then a clear step down in the latest year as margins tightened. Even so, recent earnings still sit comfortably above the weaker 2021 period, suggesting the business is profitable but exposed to commodity and cost volatility.

Balance Sheet

Balance Sheet The balance sheet looks sturdier than it did a few years ago. Total assets have crept up, but the standout trend is steadily lower debt and steadily higher equity. That means the company is relying less on borrowing and more on retained value from past profits. Cash balances have improved over the longer run, though they dipped from the prior year’s unusually strong level. Overall, financial leverage has moved in a more conservative, resilient direction.

Cash Flow

Cash Flow Cash generation has been choppy but generally positive. Operating cash flow was modest a few years ago, surged during the boom years, and then dropped back more recently as conditions normalized. Even in the weaker year, the business still produced cash after funding its operations and a growing investment program. Capital spending has clearly ramped up, pointing to ongoing investment in assets and capabilities, but free cash flow has remained in positive territory, which supports financial flexibility.

Competitive Edge

Competitive Edge CHS holds a distinctive place as the largest farmer-owned cooperative in the U.S., which creates deep loyalty and a built-in customer base. Its strength comes from an integrated supply chain that connects member farmers to markets around the world, plus a broad mix of businesses across energy, agronomy, grain, and food. This diversification helps soften the blow of downturns in any one area. The cooperative model, with profit sharing back to members, is a powerful differentiator but also means the company’s goals extend beyond purely maximizing near-term profit. The main competitive risk is its exposure to global commodity cycles, trade flows, and policy changes, which can quickly shift margins.

Innovation and R&D

Innovation and R&D Innovation is being used very practically, aimed at solving on-farm problems rather than chasing technology for its own sake. The new crop science R&D center is designed to speed up development of seed treatments, nutrients, and biological products tailored to member needs. Through partnerships like Grand Farm and its Cooperative Ventures arm, CHS is placing targeted bets on autonomous equipment, AI-driven crop management, better soil data, and digital tools that help farmers run their businesses. There is also a clear push into lower-carbon opportunities such as sustainable aviation fuel feedstocks. These initiatives could strengthen its long-term position, but many are still in early stages and will take time to prove their commercial impact.

Summary

CHS combines cyclical, commodity-driven earnings with a relatively conservative and improving financial foundation. Recent results show that profits and cash flows can swing when markets or costs move against it, yet the balance sheet has become stronger thanks to lower debt and accumulating equity. The cooperative structure, integrated global network, and diversified operations underpin a solid competitive base, while ongoing investments in infrastructure and ag-tech aim to keep the company relevant in a rapidly evolving farm economy. Key things to watch are how well CHS manages through future commodity cycles, executes on its tech and sustainability projects, and continues balancing member returns with long-term reinvestment needs.