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CHSCP

CHS Inc.

CHSCP

CHS Inc. • NASDAQ
$27.75 ▼ -0.25% (-0.07)
Market Cap $340.55 M
52w High $30.57
52w Low $26.61
Dividend Yield 2.00%
P/E 0
Volume 30.07K
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 went through an earnings boom during the recent commodity upswing and is now clearly in a cooling phase. Sales and profits surged a couple of years ago, then have stepped down as grain and energy markets normalized and margins tightened. Even after the pullback, profits are still better than they were earlier in the period, which suggests the underlying business has strengthened, but investors should expect results to remain cyclical and heavily influenced by commodity prices and refining margins.

Balance Sheet

Balance Sheet The balance sheet looks steady and fairly conservative for a large cooperative. Total assets have stayed broadly stable, while member equity has gradually built up, showing that past profits are being retained in the business. Debt came down from earlier highs and only ticked up recently, leaving leverage at a level that appears manageable. Cash on hand has moved around and is now on the lighter side compared with the peak years, but not out of line with where the company was before the boom period.

Cash Flow

Cash Flow Cash generation has followed the same pattern as earnings: very strong a couple of years ago, then easing back as conditions normalized. Operating cash flow remains positive and comfortably above earlier-cycle lows, which is important for a cooperative that needs to fund operations and patronage. Capital spending has been steadily rising as CHS invests in its network and new capabilities, so free cash flow has narrowed but stayed positive, indicating the company is funding growth while still leaving some cushion.

Competitive Edge

Competitive Edge CHS holds a strong position as the largest U.S. farmer-owned cooperative, with deep relationships that are difficult for competitors to dislodge. Its diversification across energy, agronomy, grain marketing, and food ingredients provides multiple earnings streams and some natural risk balancing when one segment is under pressure. The company’s extensive logistics and export infrastructure, plus well-known brands like Cenex, create scale and service advantages that smaller players struggle to match. Its role in providing financing, risk management, and advisory services adds another layer of stickiness with its member base.

Innovation and R&D

Innovation and R&D For a traditional farm cooperative, CHS is leaning surprisingly hard into technology and R&D. It is investing in crop science labs, advanced soil analytics, drones, and digital farm management tools that can make members’ operations more precise and efficient. Partnerships around autonomous equipment and venture investments in ag-tech startups suggest CHS wants to stay at the forefront of the next wave of farming technology. There is always execution and adoption risk with new tech, but the breadth of initiatives shows a clear intent to modernize the cooperative model rather than simply defend the status quo.

Summary

Overall, CHS looks like a cooperative coming off a period of unusually strong conditions and settling back into a more normal, cyclical environment. Profitability has cooled but remains healthier than in the early part of the period, backed by a solid balance sheet and consistent positive cash flow. The cooperative structure, member loyalty, and diversified operations underpin its resilience, even when commodity markets are less favorable. At the same time, the company is committing real resources to innovation in crop science, digital tools, logistics, and renewable fuels, which could support long-term relevance if these bets pay off. For stakeholders in CHSCP, the key lens is the cooperative’s ability to maintain financial stability through cycles so it can keep meeting its obligations while funding these strategic investments.