Stocks CHSCP Financial statements
Financial statementsCHS INC financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CHS INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32,037 | 32,683 | 31,900 | 28,406 | 38,448 | 47,792 | 45,590 | 39,261 | 35,463 | 39,231 |
| Cost of revenue | 31,144 | 31,591 | 30,516 | 27,425 | 37,497 | 45,665 | 43,214 | 37,510 | 34,326 | 37,443 |
| Gross profit | 894 | 1,092 | 1,384 | 982 | 951 | 2,127 | 2,376 | 1,751 | 1,137 | 1,788 |
| Selling, general and administrative | 611 | 640 | 725 | 705 | 746 | 998 | 1,033 | 1,167 | 1,046 | 1,196 |
| Operating income | -174 | 452 | 660 | 277 | 206 | 1,129 | 1,344 | 584 | 90.8 | 592 |
| Interest expense | 171 | 149 | 167 | 117 | 105 | 114 | 137 | 104 | 146 | 164 |
| Pre-tax income | -110 | 671 | 816 | 387 | 515 | 1,810 | 2,008 | 1,098 | 615 | 1,129 |
| Income tax | -181 | -104 | -12.5 | -36.7 | -38.2 | 132 | 108 | -4.87 | 16.8 | 32.7 |
| Net income to minority interests | -0.63 | -0.6 | -1.82 | 1.17 | -0.38 | -0.86 | -0.31 | 0.34 | 0.08 | 0.08 |
| Net income | 71.6 | 776 | 830 | 422 | 554 | 1,679 | 1,900 | 1,102 | 598 | 1,096 |
| EBITDA | 306 | 930 | 1,133 | 755 | 668 | 1,591 | 1,883 | 1,154 | 742 | 1,269 |
Balance sheet
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 181 | 451 | 211 | 141 | 413 | 794 | 1,765 | 795 | 328 | 264 |
| Short-term investments | 0 | 501 | 0 | |||||||
| Receivables | 1,892 | 2,460 | 2,731 | 2,366 | 2,861 | 3,548 | 3,106 | 3,550 | 3,687 | 3,855 |
| Inventory | 2,602 | 2,769 | 2,854 | 2,742 | 3,335 | 3,653 | 3,215 | 3,067 | 3,270 | 3,983 |
| Other current assets | 282 | 244 | 866 | 1,017 | 1,390 | 1,383 | 1,042 | 1,297 | 802 | 1,298 |
| Total current assets | 5,631 | 6,693 | 6,663 | 6,267 | 7,999 | 9,378 | 9,129 | 8,709 | 8,086 | 9,400 |
| Property, plant and equipment | 5,356 | 5,142 | 5,089 | 4,958 | 4,810 | 4,745 | 4,869 | 5,177 | 5,501 | 5,381 |
| Lease right-of-use assets | 258 | 253 | 243 | 255 | 219 | 239 | 246 | |||
| Goodwill | 138 | 138 | 172 | 172 | 172 | 180 | 180 | 180 | 239 | 239 |
| Intangible assets | 33.3 | 29.3 | 71.2 | 65 | 58.4 | 53.2 | 47 | 42.1 | 94.4 | 82 |
| Other non-current assets | 1,080 | 834 | 1,012 | 1,139 | 1,098 | 974 | 1,131 | 1,048 | 1,430 | 1,526 |
| Total assets | 15,819 | 16,381 | 16,447 | 15,994 | 17,576 | 18,825 | 18,957 | 18,715 | 18,864 | 20,113 |
| Accounts payable | 1,991 | 1,844 | 1,931 | 1,725 | 2,616 | 3,063 | 2,931 | 2,697 | 2,718 | 2,938 |
| Accrued liabilities | 455 | 511 | 555 | 502 | 623 | 784 | 773 | 784 | 696 | 840 |
| Deferred revenue | 172 | 208 | 139 | 214 | 542 | 240 | 249 | 180 | 195 | |
| Short-term debt | 156 | 168 | 39.2 | 189 | 38.5 | 291 | 7.84 | 337 | 90.4 | 70.1 |
| Total current liabilities | 5,483 | 5,934 | 5,584 | 4,920 | 6,326 | 6,952 | 5,899 | 5,401 | 5,282 | 5,607 |
| Long-term debt | 2,023 | 1,763 | 1,750 | 1,602 | 1,580 | 1,668 | 1,820 | 1,824 | 1,745 | 1,983 |
| Lease liabilities | 204 | 171 | 169 | |||||||
| Other non-current liabilities | 277 | 337 | 496 | 653 | 653 | 743 | 786 | 728 | 756 | 878 |
| Total liabilities | 8,113 | 8,216 | 7,830 | 7,175 | 8,559 | 9,364 | 8,505 | 7,953 | 7,784 | 8,468 |
| Total debt | 2,142 | 1,919 | 1,755 | 1,751 | 1,580 | 1,668 | 1,820 | 2,117 | 1,785 | 2,004 |
| Retained earnings | 1,268 | 1,482 | 1,584 | 1,618 | 1,714 | 2,056 | 2,537 | 2,806 | 3,015 | 3,401 |
| Other comprehensive income | -180 | -200 | -227 | -234 | -216 | -255 | -265 | -297 | -306 | -280 |
| Shareholders' equity | 7,693 | 8,156 | 8,610 | 8,810 | 9,009 | 9,456 | 10,448 | 10,755 | 11,077 | 11,641 |
| Minority interests | 12.5 | 9.45 | 7.39 | 9.3 | 8.47 | 5.65 | 4.61 | 6.53 | 3.48 | 3.58 |
| Total equity | 7,706 | 8,165 | 8,618 | 8,819 | 9,017 | 9,461 | 10,452 | 10,762 | 11,080 | 11,645 |
| Total liabilities and equity | 15,819 | 16,381 | 16,447 | 15,994 | 17,576 | 18,825 | 18,957 | 18,715 | 18,864 | 20,113 |
Cash flow statement
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 71 | 775 | 828 | 424 | 554 | 1,678 | 1,900 | 1,103 | 598 | 1,096 |
| Depreciation and amortization | 480 | 478 | 473 | 477 | 462 | 462 | 540 | 570 | 651 | 677 |
| Deferred income tax | -194 | -147 | -13.9 | -41.8 | -40.7 | 41.5 | 0.32 | -80.6 | -37.7 | -46 |
| Change in receivables | 147 | 211 | -218 | 308 | -569 | -548 | 646 | -336 | 7 | -151 |
| Change in inventory | -333 | -170 | 285 | 105 | -549 | -318 | 438 | 148 | -53.2 | -456 |
| Change in payables | 228 | -78.4 | -38.2 | -331 | 1,007 | 555 | -127 | -214 | -276 | 359 |
| Cash from operations | 955 | 1,074 | 1,140 | 1,087 | 758 | 1,947 | 3,284 | 1,273 | 636 | 1,584 |
| Capital expenditures | -444 | -355 | -443 | -418 | -318 | -354 | -565 | -809 | -729 | -463 |
| Acquisitions | 0 | 0 | -119 | 0.23 | 0 | 0 | 0 | -237 | 0 | |
| Purchases of investments | -16.6 | -21.7 | -5.09 | 0 | 0 | -500 | 0 | -167 | ||
| Cash from investing | -405 | -79.5 | -661 | -244 | -102 | -457 | -950 | -1,432 | -881 | -802 |
| Debt repaid | -208 | -154 | -25.4 | -547 | -31.1 | -283 | -366 | -332 | -80.6 | |
| Cash from financing | -618 | -732 | -726 | -931 | -327 | -1,114 | -1,395 | -814 | -231 | -797 |
| Exchange rate effect | -4.71 | 8.86 | 2.73 | 4.94 | -4.06 | -14.8 | 2.59 | 2.24 | 0.77 | 2.77 |
| Net change in cash | -73.3 | 272 | -244 | -82.7 | 325 | 361 | 941 | -971 | -475 | -12.4 |
| Free cash flow | 510 | 719 | 697 | 669 | 440 | 1,592 | 2,720 | 464 | -92.8 | 1,121 |
| Interest paid | 160 | 149 | 172 | 119 | 102 | 114 | 139 | 101 | 148 | 167 |
| Income taxes paid | 14.6 | 13.4 | 19.9 | 6.84 | -8.84 | 19.7 | 184 | 129 | 77.1 | 5.3 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 4.6% | Gross profit / revenue. |
| Operating margin | 1.5% | Operating income / revenue. |
| EBITDA margin | 3.2% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | 2.9% | Pre-tax income / revenue. |
| Net margin | 2.8% | Net income / revenue. |
| FCF margin | 2.9% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 4.0% | Cash from operations / revenue. |
| Effective tax rate | 2.9% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 9.6% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 5.6% | Net income / average total assets. |
| Return on invested capital (ROIC) | 4.4% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
| SG&A / revenue | 3.0% | Selling, general and administrative expense / revenue. |
| Capex / revenue | 1.2% | Capital expenditures / revenue. |
| D&A / revenue | 1.7% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 10.6% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -4.9% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 0.4% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 57.3% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | -9.0% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 13.4% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 552.2% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | -23.9% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 23.5% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | 71.0% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | -12.3% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 13.7% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 83.3% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -16.8% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 14.6% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 149.1% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | -21.6% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 15.9% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow CAGR, 3y | -25.6% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 20.6% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 5.1% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 3.7% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 5.3% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 6.6% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 2.0% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 2.7% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 1.68x | Current assets / current liabilities. |
| Quick ratio | 0.73x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.05x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 0.17x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 10.0% | Total debt / total assets. |
| Liabilities / assets | 42.1% | Total liabilities / total assets. |
| Net debt | $1.74B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | 1.37x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | 3.62x | Operating income / interest expense. |
| Working capital | $3.79B | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 1.6% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $11.32B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 2.01x | Revenue / average total assets. |
| Fixed asset turnover | 7.21x | Revenue / average property, plant and equipment. |
| Inventory turnover | 10.3x | Cost of revenue / average inventory. |
| Days inventory | 35 days | 365 x average inventory / cost of revenue. |
| Receivables turnover | 10.4x | Revenue / average receivables. |
| Days sales outstanding | 35 days | 365 x average receivables / revenue. |
| Days payables | 28 days | 365 x average accounts payable / cost of revenue. |
| Cash conversion cycle | 43 days | Days inventory + days sales outstanding - days payables. |
| FCF conversion | 102.3% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 29.2% | Capital expenditures / cash from operations, when that is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $312.6M | Share price x shares outstanding. |
| Enterprise value | $2.05B | Market cap + total debt - cash - short-term investments. |
| P/E | 0.29x | Market cap / net income. Only when net income is positive. |
| P/S | 0.01x | Market cap / revenue. |
| P/B | 0.03x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 0.03x | Market cap / tangible book value, when positive. |
| P/FCF | 0.28x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 0.20x | Market cap / cash from operations, when positive. |
| EV/Sales | 0.05x | Enterprise value / revenue. |
| EV/EBIT | 3.47x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 1.62x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 1.83x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 358.6% | Free cash flow / market cap. |
| Earnings yield | 350.6% | Net income / market cap (the inverse of P/E). |
What was CHS INC's revenue in fiscal 2026?
CHS INC reported revenue of $39.23B for fiscal 2026, 10.6% higher than the year before.
Was CHS INC profitable in fiscal 2026?
Yes. Net income was $1.10B, a net margin of 2.8%.
How much free cash flow did CHS INC generate in fiscal 2026?
Cash from operations of $1.58B minus capital expenditures of $463.3M left free cash flow of $1.12B.