Logo

CHSCM

CHS Inc.

CHSCM

CHS Inc. • NASDAQ
$24.92 ▼ -0.16% (-0.04)
Market Cap $305.82 M
52w High $25.68
52w Low $23.72
Dividend Yield 1.69%
P/E 0
Volume 49.53K
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 CHS’s income statement shows a business that is clearly tied to commodity cycles. Revenue surged to very high levels a few years ago and has since stepped down for two consecutive years as markets normalized. Profitability also peaked and is now back to more moderate levels. Margins have tightened noticeably, with operating profit much thinner than during the recent boom. Even so, the company has stayed solidly profitable, and current earnings are still better than the low point earlier in the five‑year period. The key message: CHS can generate profits through the cycle, but those profits can swing quite a bit as prices and volumes move around.

Balance Sheet

Balance Sheet The balance sheet looks steady and reasonably conservative. Total assets have hovered in a similar range for several years, suggesting no aggressive expansion or forced contraction. Cash balances have bounced around and are now lower than the recent high point, which means there is less of a cash cushion than before but still some flexibility. Debt was reduced, then ticked back up in the most recent year, yet remains below the highest level in this period. Shareholders’ equity has trended upward over five years, reflecting cumulative retained earnings and a stronger capital base. Overall, the company appears more solid than it was earlier in the period, though with somewhat less liquidity than at its cash peak.

Cash Flow

Cash Flow Cash generation has been positive but uneven. A couple of years ago, operating cash flow was very strong, helped by favorable market conditions, but it has eased since then as profits and working capital flipped back toward more normal levels. Even in softer years, CHS has generally produced positive free cash flow, meaning it can fund its operations and investment needs from internal cash most of the time. Capital spending has increased recently, with more money going into long‑term projects and assets, which slightly tightens short‑term free cash but supports future capacity and competitiveness. The pattern points to a business that can fund itself over time, but with cash flows that rise and fall alongside the commodity environment and inventory needs.

Competitive Edge

Competitive Edge CHS holds a distinctive position as the largest farmer‑owned cooperative in the United States, which creates a built‑in customer base and strong loyalty through patronage refunds and long‑term relationships. Its operations span the full value chain—from crop inputs and grain handling to energy and food ingredients—giving it diversification and operational scale that many regional players cannot match. A wide network of grain elevators, terminals, processing plants, and transportation assets provides efficient access to both domestic and export markets, an important edge in a global trade‑driven business. At the same time, CHS still operates in largely commodity markets where pricing power is limited and it competes with very large global agribusiness firms. Its main advantages lie in integration, member alignment, and infrastructure, rather than in premium pricing.

Innovation and R&D

Innovation and R&D CHS is investing meaningfully in innovation for what is often seen as a traditional industry. Its Agellum platform and YieldPoint services bring digital tools, data analytics, and precision farming to its member base, aiming to improve decision‑making on the farm. Through Cooperative Ventures, CHS is backing start‑ups in areas like artificial intelligence, autonomous equipment, and advanced soil analytics, which may open new services or cost advantages over time. The dedicated Crop Science R&D center is designed to develop proprietary seed treatments, micronutrients, and other agronomy solutions tailored to real farmer needs, adding differentiation beyond pure commodity inputs. In parallel, CHS is expanding its position in renewable fuels and soybean processing to tap into the shift toward lower‑carbon energy. These initiatives suggest a clear intent to move up the value chain, though the financial benefits will likely build gradually and must overcome conservative adoption patterns and intense competition in ag‑tech.

Summary

Overall, CHS looks like a mature, cycle‑exposed agribusiness that is coming down from unusually strong conditions to a more normal, but still healthy, level of performance. Earnings and cash flow have cooled from their peak, and margins are thinner, yet the company remains profitable, generates positive free cash flow, and has strengthened its equity base over five years. The balance sheet appears sound, with manageable debt and stable assets, albeit with a smaller cash buffer than at its recent high. Competitively, CHS benefits from its cooperative structure, deep farmer relationships, and integrated supply chain, which together create resilience and customer stickiness in a largely commodity‑driven industry. Its push into digital tools, crop science, and renewable fuels shows a forward‑looking strategy that could gradually enhance its edge. Key ongoing risks include commodity price volatility, tight margins, capital intensity, and policy or trade disruptions. In short, CHS appears to be a financially stable, member‑focused agribusiness, working to adapt and innovate while managing the swings inherent in global agriculture and energy markets.