CHS Inc. (CHSCL) 10-Year Financial Performance & Capital Metrics

CHSCL • • Industrial / General

Consumer DefensiveFarm ProductsAgricultural Commodity Processing & TradingGlobal Grain & Oilseed Processors

AboutCHS Inc., an integrated agricultural company, provides grains, foods, and energy resources to businesses and consumers in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Energy, Ag, Nitrogen Production, and Foods. It is involved in the operation of petroleum refineries and pipelines; supply, marketing, and distribution of refined fuels, including gasoline, diesel fuel, and other energy products; blending, sale, and distribution of lubricants; and the supply of propane and other natural gas liquids. The company also processes and sells crude oil into refined petroleum products under the Cenex brand name to member cooperatives and other independent retailers through a network of approximately 1,500 sites; and provides transportation services. In addition, it markets grains and oilseeds; and offers seeds, crop nutrients, crop protection products, animal feed, animal health products, refined and renewable fuels, and propane, as well as refined oils, meal, soy flour, and processed sunflower products. Further, the company produces and sells nitrogen-based products, including methanol, UAN and urea, and related products; manufactures, packages, and distributes vegetable oil-based products, such as packaged oils, margarine, mayonnaise, flavored dressings, sauces, and other food products; and offers cooperatives with various loans that meet commercial agriculture needs and loans to individual producers, as well as consulting and commodity risk management services. CHS Inc. was incorporated in 1936 and is headquartered in Inver Grove Heights, Minnesota.Show more

Revenue $35.46B -9.7%
EBITDA $742M -30.4%
Net Income $598M -45.8%
EPS (Diluted) 0.00
Gross Margin 3.21% -28.1%
EBITDA Margin 2.09% -22.9%
Operating Margin 0.26% -82.8%
Net Margin 1.69% -40.0%
ROE 5.3% -47.3%
ROIC 0.5% -86.0%
Debt/Equity 0.29 +35.8%
Interest Coverage 0.62 -88.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high
✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.25%

5Y4.54%

3Y-9.47%

TTM-5.74%

Profit (Net Income) CAGR

10Y-2.64%

5Y7.2%

3Y-29.12%

TTM-25.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg5.99%

5Y Avg8.78%

3Y Avg6.38%

Latest0.67%

Peer Comparison

Global Grain & Oilseed Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ADMArcher-Daniels-Midland Company	30.46B	63.38	17.36	-8.95%	1.43%	5.23%	4.03%	0.51
BGBunge Global S.A.	19.84B	102.59	12.84	-10.8%	2.2%	7.65%	2.64%	0.65
CHSCLCHS Inc.		25.65		-9.68%	1.75%	5.48%		0.29

Profit & Loss

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Sales/Revenue+	30.35B	31.93B	32.68B	31.9B	28.41B	38.45B	47.79B	45.59B	39.26B	35.46B
Revenue Growth %	-0.12%	0.05%	0.02%	-0.02%	-0.11%	0.35%	0.24%	-0.05%	-0.14%	-0.1%
Cost of Goods Sold+	29.39B	30.99B	31.59B	30.52B	27.35B	36.57B	45.1B	43.21B	37.51B	34.33B
COGS % of Revenue	0.97%	0.97%	0.97%	0.96%	0.96%	0.95%	0.94%	0.95%	0.96%	0.97%
Gross Profit+	959.29M	893.88M	1.09B	1.38B	1.05B	1.88B	2.69B	2.38B	1.75B	1.14B
Gross Margin %	0.03%	0.03%	0.03%	0.04%	0.04%	0.05%	0.06%	0.05%	0.04%	0.03%
Gross Profit Growth %	-0.36%	-0.07%	0.22%	0.27%	-0.24%	0.78%	0.43%	-0.12%	-0.26%	-0.35%
Operating Expenses+	649.1M	604.36M	636.37M	737.64M	701.56M	746.71M	998.41M	1.03B	1.17B	1.05B
OpEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%
Selling, General & Admin	601.27M	612.01M	635.52M	737.64M	701.56M	746.71M	998.41M	1.03B	1.15B	1.05B
SG&A % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	95.42M	0	0	0	0	0	0	12.46M	0
Operating Income+	310.2M	-111.8M	457.09M	692.44M	351.89M	1.13B	1.69B	1.75B	584.36M	90.75M
Operating Margin %	0.01%	-0%	0.01%	0.02%	0.01%	0.03%	0.04%	0.04%	0.01%	0%
Operating Income Growth %	-0.57%	-1.36%	5.09%	0.51%	-0.49%	2.21%	0.5%	0.03%	-0.67%	-0.84%
EBITDA+	757.69M	368.43M	935.14M	1.17B	829.26M	1.59B	2.16B	2.22B	1.07B	742.18M
EBITDA Margin %	0.02%	0.01%	0.03%	0.04%	0.03%	0.04%	0.05%	0.05%	0.03%	0.02%
EBITDA Growth %	-0.29%	-0.51%	1.54%	0.25%	-0.29%	0.92%	0.35%	0.03%	-0.52%	-0.3%
D&A (Non-Cash Add-back)	447.49M	480.22M	478.05M	473.21M	477.38M	461.73M	461.97M	464.62M	481.72M	651.43M
EBIT	515.83M	61.07M	820.43M	982.67M	502.63M	619.88M	1.92B	2.15B	1.2B	760.85M
Net Interest Income+	-113.7M	-171.24M	-149.2M	0	-9.67M	-8M	-6.1M	-137.44M	-104.06M	-146.08M
Interest Income	0	0	0	167.06M	116.98M	104.56M	114.16M	0	0	0
Interest Expense	113.7M	171.24M	149.2M	167.06M	126.65M	112.56M	120.26M	137.44M	104.06M	146.08M
Other Income/Expense	109.68M	56.95M	214.14M	156M	34.99M	-614.41M	115.96M	257.06M	513.43M	524.02M
Pretax Income+	402.13M	-110.17M	671.23M	815.6M	386.88M	515.32M	1.81B	2.01B	1.1B	614.77M
Pretax Margin %	0.01%	-0%	0.02%	0.03%	0.01%	0.01%	0.04%	0.04%	0.03%	0.02%
Income Tax+	19.1M	-181.12M	-104.08M	12.46M	-36.73M	-38.25M	132.12M	107.66M	-4.87M	16.78M
Effective Tax Rate %	1.05%	-1.16%	1.16%	0.81%	1.09%	1.07%	0.93%	0.95%	1%	0.97%
Net Income+	424.19M	127.86M	775.91M	661.21M	422.44M	553.95M	1.68B	1.9B	1.1B	597.92M
Net Margin %	0.01%	0%	0.02%	0.02%	0.01%	0.01%	0.04%	0.04%	0.03%	0.02%
Net Income Growth %	-0.46%	-0.7%	5.07%	-0.15%	-0.36%	0.31%	2.03%	0.13%	-0.42%	-0.46%
Net Income (Continuing)	383.03M	70.96M	775.31M	661.21M	423.61M	553.57M	1.68B	1.9B	1.1B	598M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	14.29M	12.59M	9.45M	7.39M	9.3M	8.46M	5.64M	4.61M	6.53M	3.48M
EPS (Diluted)+	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS Growth %	-	-	-	-	-	-	-	-	-	-
EPS (Basic)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0	0	0	0	0	0	0	0	0	0
Basic Shares Outstanding	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio	-	0.81%	-	0.37%	0.4%	0.3%	0.1%	0.09%	0.15%	-

Balance Sheet

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Total Current Assets+	6.94B	5.61B	6.69B	6.66B	6.27B	8B	9.38B	9.13B	8.71B	8.09B
Cash & Short-Term Investments	279.31M	181.38M	450.62M	211.18M	140.87M	542.48M	903.47M	1.84B	1.3B	399.26M
Cash Only	279.31M	181.38M	450.62M	211.18M	140.87M	542.48M	903.47M	1.84B	794.87M	399.26M
Short-Term Investments	0	0	0	0	0	0	0	0	500.92M	0
Accounts Receivable	2.88B	1.87B	2.46B	1.63B	2.37B	2.86B	3.55B	3.11B	3.55B	3.69B
Days Sales Outstanding	34.65	21.37	27.48	18.61	30.4	27.16	27.1	24.87	33	37.94
Inventory	2.37B	2.58B	2.77B	2.85B	2.94B	3.53B	3.85B	3.35B	3.2B	3.38B
Days Inventory Outstanding	29.44	30.35	31.99	34.14	39.24	35.22	31.17	28.31	31.15	35.89
Other Current Assets	746.53M	500.67M	573.97M	1.97B	818.79M	1.07B	1.07B	677.09M	459.6M	420.46M
Total Non-Current Assets+	10.38B	10.36B	9.69B	9.78B	9.73B	9.58B	9.45B	9.83B	10.01B	10.78B
Property, Plant & Equipment	5.49B	5.36B	5.14B	5.09B	5.22B	5.06B	4.99B	5.12B	5.4B	5.74B
Fixed Asset Turnover	5.53x	5.96x	6.36x	6.27x	5.45x	7.59x	9.58x	8.90x	7.28x	6.18x
Goodwill	160.41M	154.06M	138.46M	172.4M	172.4M	171.6M	179.98M	179.98M	179.98M	239.44M
Intangible Assets	44.77M	33.33M	29.34M	71.21M	65.03M	58.4M	53.16M	46.98M	42.1M	94.41M
Long-Term Investments	3.8B	3.75B	3.71B	3.68B	3.63B	3.67B	3.78B	3.91B	3.88B	3.99B
Other Non-Current Assets	414.26M	347.82M	329.92M	768.49M	789.15M	786.36M	623.46M	750.68M	509.82M	709.79M
Total Assets+	17.32B	15.97B	16.38B	16.45B	15.99B	17.58B	18.82B	18.96B	18.72B	18.86B
Asset Turnover	1.75x	2.00x	2.00x	1.94x	1.78x	2.19x	2.54x	2.40x	2.10x	1.88x
Asset Growth %	0.14%	-0.08%	0.03%	0%	-0.03%	0.1%	0.07%	0.01%	-0.01%	0.01%
Total Current Liabilities+	6.52B	5.43B	5.93B	5.58B	4.92B	6.33B	6.95B	5.9B	5.4B	5.28B
Accounts Payable	1.82B	1.99B	1.84B	1.93B	1.72B	2.62B	3.06B	2.93B	2.7B	2.72B
Days Payables Outstanding	22.59	23.46	21.31	23.1	23.01	26.11	24.79	24.75	26.25	28.9
Short-Term Debt	2.95B	2.14B	2.44B	2.19B	1.82B	1.84B	952.03M	616.86M	644.1M	1.31B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	513.6M	247.94M	438.46M	1.13B	934.35M	1.22B	1.87B	1.75B	2.06B	1.02B
Current Ratio	1.06x	1.03x	1.13x	1.19x	1.27x	1.26x	1.35x	1.55x	1.61x	1.53x
Quick Ratio	0.70x	0.56x	0.66x	0.68x	0.68x	0.71x	0.79x	0.98x	1.02x	0.89x
Cash Conversion Cycle	41.5	28.26	38.16	29.65	46.63	36.27	33.48	28.42	37.9	44.94
Total Non-Current Liabilities+	2.93B	2.64B	2.28B	2.25B	2.25B	2.23B	2.41B	2.61B	2.55B	2.5B
Long-Term Debt	2.09B	2.02B	1.76B	1.75B	1.58B	1.38B	1.63B	1.78B	1.82B	1.7B
Capital Lease Obligations	0	0	0	0	227.16M	401.44M	231.41M	304.29M	0	215.35M
Deferred Tax Liabilities	487.76M	333.22M	182.77M	143.06M	0	0	0	0	0	0
Other Non-Current Liabilities	354.45M	278.67M	336.52M	-1.23B	449.21M	452.31M	549.11M	524.16M	728.14M	585.2M
Total Liabilities	9.45B	8.07B	8.22B	7.83B	7.17B	8.56B	9.36B	8.51B	7.23B	7.78B
Total Debt+	5.03B	4.17B	4.2B	3.94B	3.63B	3.62B	2.81B	2.7B	2.47B	3.23B
Net Debt	4.75B	3.99B	3.75B	3.73B	3.41B	3.07B	1.91B	853.94M	1.67B	2.83B
Debt / Equity	0.64x	0.53x	0.51x	0.46x	0.41x	0.40x	0.30x	0.26x	0.21x	0.29x
Debt / EBITDA	6.64x	11.31x	4.49x	3.38x	4.37x	2.27x	1.31x	1.22x	2.32x	4.35x
Net Debt / EBITDA	6.28x	10.82x	4.01x	3.20x	4.11x	1.93x	0.89x	0.39x	1.57x	3.81x
Interest Coverage	2.73x	-0.65x	3.06x	4.14x	2.78x	10.04x	14.09x	12.74x	5.62x	0.62x
Total Equity+	7.87B	7.91B	8.17B	8.62B	8.82B	9.02B	9.46B	10.45B	11.5B	11.08B
Equity Growth %	0.03%	0.01%	0.03%	0.06%	0.02%	0.02%	0.05%	0.1%	0.1%	-0.04%
Book Value per Share	-	-	-	-	-	-	-	-	-	-
Total Shareholders' Equity	7.85B	7.89B	8.16B	8.61B	8.81B	9.01B	9.46B	10.45B	11.49B	11.08B
Common Stock	3.96B	3.94B	3.87B	3.78B	3.75B	3.61B	3.62B	3.98B	3.78B	0
Retained Earnings	1.58B	1.47B	1.48B	1.58B	-6.55B	-6.74B	1.85B	-15.48B	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-211.73M	-183.67M	-199.91M	2.56B	6.55B	6.74B	7.19B	8.18B	-296.54M	8.81B
Minority Interest	14.29M	12.59M	9.45M	7.39M	9.3M	8.46M	5.64M	4.61M	6.53M	3.48M

Cash Flow

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Cash from Operations+	1.26B	932.99M	1.07B	1.14B	1.09B	757.81M	1.95B	3.28B	1.27B	635.79M
Operating CF Margin %	0.04%	0.03%	0.03%	0.04%	0.04%	0.02%	0.04%	0.07%	0.03%	0.02%
Operating CF Growth %	1.22%	-0.26%	0.15%	0.06%	-0.05%	-0.3%	1.57%	0.69%	-0.61%	-0.5%
Net Income	423.97M	127.22M	775.31M	829.88M	422.44M	553.95M	1.68B	1.9B	1.1B	598M
Depreciation & Amortization	447.49M	480.22M	478.05M	473.21M	550.25M	461.73M	461.97M	464.62M	481.72M	651.43M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-24.18M	-175.91M	-146.96M	-13.85M	0	-11.96M	39.55M	-6.43M	-109.85M	-38.74M
Other Non-Cash Items	84.24M	605.78M	6.65M	100.76M	17.86M	-55.47M	13.82M	-66.55M	123.04M	-110.49M
Working Capital Changes	331.97M	-104.32M	635K	-250.06M	96.67M	-190.45M	-247.58M	992.11M	-324.36M	-464.4M
Change in Receivables	1.57M	146.79M	210.78M	-218.19M	308.4M	-568.75M	-547.56M	645.78M	-335.97M	7M
Change in Inventory	338.66M	-293.55M	-169.58M	284.69M	104.88M	-549.22M	-317.92M	437.69M	147.76M	-53.18M
Change in Payables	-129.26M	197.44M	227.97M	-38.23M	-330.95M	1.01B	555.45M	-127.4M	-213.79M	-276.11M
Cash from Investing+	-3.75B	-405.04M	-79.52M	-661.28M	-243.71M	-101.67M	-457.08M	-950.19M	-1.43B	-880.6M
Capital Expenditures	-692.78M	-444.4M	-355.41M	-675.31M	-432.86M	-358.72M	-379.21M	-781.93M	0	0
CapEx % of Revenue	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-260.13M	76.32M	62.65M	14.03M	155.11M	154.94M	-165.34M	-197.97M	-947.23M	-1.16B
Cash from Financing+	1.81B	-621.19M	-732.17M	-725.65M	-931.15M	-326.58M	-1.11B	-1.4B	-814.25M	-230.57M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-163.32M	-167.64M	-168.67M	-244.44M	-168.67M	-168.67M	-168.67M	-168.67M	-168.67M	-469.03M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-376.61M	-164.78M	-78.61M	-481.2M	-60.99M	-36.7M	-48.03M	-528.59M	-363.88M	600K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	570.72M	488.6M	716.66M	464.62M	654.37M	399.1M	1.57B	2.5B	441.37M	-364.17M
FCF Margin %	0.02%	0.02%	0.02%	0.01%	0.02%	0.01%	0.03%	0.05%	0.01%	-0.01%
FCF Growth %	1.93%	-0.14%	0.47%	-0.35%	0.41%	-0.39%	2.93%	0.6%	-0.82%	-1.83%
FCF per Share	-	-	-	-	-	-	-	-	-	-
FCF Conversion (FCF/Net Income)	2.98x	7.30x	1.38x	1.72x	2.57x	1.37x	1.16x	1.73x	1.15x	1.06x
Interest Paid	147.09M	160.04M	148.87M	0	0	0	0	0	0	0
Taxes Paid	5.18M	14.57M	13.41M	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	5.46%	1.62%	9.66%	7.88%	4.85%	6.21%	18.17%	19.09%	10.04%	5.3%
Return on Invested Capital (ROIC)	2.12%	-0.68%	2.88%	4.28%	2.14%	6.95%	10.83%	11.58%	3.58%	0.5%
Gross Margin	3.16%	2.8%	3.35%	4.34%	3.71%	4.88%	5.63%	5.21%	4.46%	3.21%
Net Margin	1.4%	0.4%	2.37%	2.07%	1.49%	1.44%	3.51%	4.17%	2.81%	1.69%
Debt / Equity	0.64x	0.53x	0.51x	0.46x	0.41x	0.40x	0.30x	0.26x	0.21x	0.29x
Interest Coverage	2.73x	-0.65x	3.06x	4.14x	2.78x	10.04x	14.09x	12.74x	5.62x	0.62x
FCF Conversion	2.98x	7.30x	1.38x	1.72x	2.57x	1.37x	1.16x	1.73x	1.15x	1.06x
Revenue Growth	-12.25%	5.23%	2.34%	-2.4%	-10.95%	35.35%	24.3%	-4.61%	-13.88%	-9.68%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Ag	-	-	25.05B	-	22.93B	32.04B	37.49B	35.46B	30.43B	27.76B
Ag Growth	-	-	-	-	-	39.73%	17.02%	-5.42%	-14.17%	-8.80%
Energy	-	-	8.07B	-	5.43B	6.38B	10.96B	10.76B	9.34B	8.04B
Energy Growth	-	-	-	-	-	17.38%	71.98%	-1.85%	-13.22%	-13.96%
Other Operating	-	-	-	-	-	-	-	-	604.72M	415.76M
Other Operating Growth	-	-	-	-	-	-	-	-	-	-31.25%
Others	-	-	-	-	-	-	707.12M	710.58M	-	-
Others Growth	-	-	-	-	-	-	-	0.49%	-	-
Corporate and Other	-	-	-	-	49.13M	37.43M	45.28M	82.11M	-	-
Corporate and Other Growth	-	-	-	-	-	-23.82%	20.97%	81.34%	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
North America	23.28M	24.63M	29.48B	27.9B	25.36B	36.54B	45.04B	43.38B	36.88B	34.11B
North America Growth	-	5.83%	119554.64%	-5.36%	-9.09%	44.09%	23.26%	-3.69%	-14.98%	-7.50%
EMEA	4.17M	4.99M	536.5M	895.47M	774.07M	955.61M	1.09B	930.05M	693.45M	541.85M
EMEA Growth	-	19.66%	10662.31%	66.91%	-13.56%	23.45%	14.48%	-14.98%	-25.44%	-21.86%
Asia Pacific	1.06M	875K	1.1B	1.08B	712.84M	709.4M	1.29B	905.75M	1.18B	452.7M
Asia Pacific Growth	-	-17.30%	125819.09%	-1.82%	-34.10%	-0.48%	81.31%	-29.58%	29.81%	-61.50%
South America	1.85M	1.44M	1.57B	2.03B	1.56B	242.85M	371.49M	378.02M	515.18M	355.95M
South America Growth	-	-21.98%	108805.62%	29.16%	-23.07%	-84.43%	52.97%	1.76%	36.28%	-30.91%
UNITED STATES	-	24.6B	-	-	-	-	-	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

CHS Inc. (CHSCL) reported $35.03B in revenue for fiscal year 2025. This represents a 14% decrease from $40.60B in 2012.

CHS Inc. (CHSCL) saw revenue decline by 9.7% over the past year.

Yes, CHS Inc. (CHSCL) is profitable, generating $613.6M in net income for fiscal year 2025 (1.7% net margin).

Dividend & Returns

CHS Inc. (CHSCL) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.

CHS Inc. (CHSCL) generated $279.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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