CHS INCCHSCPEarnings & Financial Report
CHS Inc. is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, CHS owns and operates various food processing and wholesale, farm supply, financial services and retail businesses. It also distributes Cenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks. It is a co-owner of Ventura Foods, a vegetable oil proce...
Revenue
$13.2B
Gross Profit
$330.0M
Operating Profit
$53.9M
Net Profit
$196.7M
Gross Margin
2.5%
Operating Margin
0.4%
Net Margin
1.5%
YoY Growth
44.4%
Financial Flow
CHS INC Q4 2025 Financial Summary
CHS INC reported revenue of $13.2B (up 44.4% YoY) for Q4 2025, with a net profit of $196.7M (up 75.9% YoY) (1.5% margin). Cost of goods sold was $12.9B, operating expenses totaled $276.1M.
Key Financial Metrics
| Total Revenue | $13.2B |
|---|---|
| Net Profit | $196.7M |
| Gross Margin | 2.5% |
| Operating Margin | 0.4% |
| Report Period | Q4 2025 |
Revenue Breakdown
CHS INC Q4 2025 revenue of $13.2B breaks down across 5 segments, led by Ag at $6.6B (49.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Ag | $6.6B | 49.5% |
| Other | $4.7B | 35.1% |
| ASC Topic606 | $1.9B | 14.1% |
| ASC Topic815 | $163.4M | 1.2% |
| Other Guidance | $4.4M | 0.0% |
CHS INC Revenue by Segment — Quarterly Trend
CHS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Ag and Other) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Ag | — | $6.6B | $8.0B | — |
| Other | $283.9M | $4.7B | — | $1.4B |
| ASC Topic606 | — | $1.9B | $1.6B | $1.5B |
| ASC Topic815 | $198.7M | $163.4M | $148.7M | $154.0M |
| Other Guidance | $1.4M | $4.4M | $3.3M | $1.1M |
CHS INC Annual Revenue by Year
CHS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $35.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $35.5B |
| 2024 | $39.3B |
| 2023 | $45.6B |
| 2022 | $47.8B |
CHS INC Quarterly Revenue & Net Profit History
CHS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $8.9B | -4.6% | $260.5M | 2.9% |
| Q4 2025 | $13.2B | +44.4% | $196.7M | 1.5% |
| Q3 2025 | $9.8B | +1.6% | $232.2M | 2.4% |
| Q2 2025 | $3.2B | -65.3% | $-75.8M | -2.4% |
| Q1 2025 | $9.3B | -18.4% | $244.8M | 2.6% |
| Q4 2024 | $9.2B | -3.3% | $111.8M | 1.2% |
| Q3 2024 | $9.6B | -20.1% | $297.3M | 3.1% |
| Q2 2024 | $9.1B | -19.6% | $170.3M | 1.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.09B | $9.61B | $9.17B | $9.29B | $3.16B | $9.77B | $13.24B | $8.86B |
| YoY Growth | -19.6% | -20.1% | -3.3% | -18.4% | -65.3% | 1.6% | 44.4% | -4.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.16B | $18.46B | $18.72B | $19.58B | $20.10B | $19.69B | $18.86B | $20.74B |
| Liabilities | $8.40B | $7.55B | $7.96B | $8.76B | $9.39B | $8.90B | $7.79B | N/A |
| Equity | $10.76B | $10.91B | $10.76B | $10.81B | $10.71B | $10.78B | $11.08B | $11.20B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-249.6M | $556.9M | $1.11B | $-294.0M | $-1.04B | $696.6M | $1.27B | $-337.8M |