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CHSCN

CHS Inc.

CHSCN

CHS Inc. • NASDAQ
$25.11 ▲ 0.00% (+0.00)
Market Cap $308.15 M
52w High $26.00
52w Low $24.35
Dividend Yield 1.77%
P/E 0
Volume 37.08K
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 classic commodity and energy cycle. Sales swelled earlier in the period during strong grain and energy markets and have since cooled down. Profitability followed the same pattern: very strong a couple of years ago, then steadily easing as prices normalized and costs stayed high. Even after this pullback, the company remains clearly profitable, but margins are thinner and earnings are no longer at peak levels. Overall, the earnings profile is solid but volatile, reflecting exposure to global commodity swings rather than a smooth growth story.

Balance Sheet

Balance Sheet The balance sheet looks steady and conservative. Total assets have stayed fairly stable over time, suggesting a mature business with a large, established physical footprint. Debt has come down meaningfully from earlier years and now sits at a level that appears manageable relative to the company’s size. Equity has been trending upward, which points to accumulated profits being retained in the cooperative. Cash balances move around from year to year and are currently on the leaner side compared with the recent past, but there is no obvious sign of financial strain. Overall, the company appears to be funded on a solid, member-focused foundation rather than aggressive borrowing.

Cash Flow

Cash Flow Cash generation is clearly cyclical. Operating cash flow was exceptionally strong during the recent boom period, then stepped down as markets normalized. Even so, the business continues to produce positive cash from operations. Free cash flow remains positive after investment spending, though with less headroom than in the best years. Capital spending has ticked up, which suggests a phase of heavier reinvestment in facilities, logistics, and technology. The trade-off is slightly tighter short‑term cash cushions in exchange for potential long‑term efficiency and growth. Overall, cash flows look adequate to support ongoing operations and investment, but they are not immune to swings in agricultural and energy markets.

Competitive Edge

Competitive Edge CHS holds a strong, differentiated position as the largest farmer‑owned cooperative in the U.S. Its cooperative structure creates built‑in customer loyalty, since member‑owners buy from CHS, sell to CHS, and share in its results. The company is deeply integrated from farm inputs and agronomy advice to grain handling, processing, and energy supply, which helps capture value at multiple steps and smooths some of the volatility in any one line of business. Its vast physical network of local co‑ops, terminals, and plants, plus a meaningful global export presence, form a substantial barrier to entry. At the same time, CHS still faces intense competition from global agribusiness majors, exposure to trade policy, and climate and regulatory risks. The moat is based on relationships, scale, and infrastructure rather than on very high margins.

Innovation and R&D

Innovation and R&D CHS is leaning into innovation more than many traditional co‑ops. It is pushing precision agriculture through drones, advanced soil analytics, and AI‑driven decision tools, and it offers digital platforms that make it easier for farmers to manage data and transactions. The new crop science R&D center signals a shift toward developing more proprietary products—such as crop protection solutions, seed treatments, and biostimulants—that could gradually lift the quality and defensibility of its product mix. Experiments with autonomous trucking and ongoing investments in renewable fuels (ethanol, biodiesel, renewable diesel) show that CHS is positioning itself around both farm productivity and the energy transition. The opportunity is to move from being mainly a low‑margin commodity handler to a more technology‑enabled, solution‑oriented partner, though the payoff will depend on successful product launches and farmer adoption over time.

Summary

Overall, CHS looks like a large, steady cooperative that has come off an earnings and cash flow high point but remains fundamentally sound. Its results are inherently tied to volatile agricultural and energy markets, so investors should expect ups and downs in revenue and profits rather than a smooth upward trajectory. The balance sheet is solid for a member‑owned enterprise, with manageable debt and growing equity. The company’s real strength lies in its entrenched relationships with farmers, integrated value chain, and extensive infrastructure, which together provide a durable competitive base. Layered on top of that, CHS is investing seriously in technology, research, and renewable fuels, aiming to create new sources of value beyond traditional commodity handling. Key things to watch include how margins evolve in a more normal price environment, how well the new R&D and digital initiatives translate into higher‑value offerings, and how effectively the cooperative continues to balance member benefits with financial resilience.