{ "ok": true, "cik": "823277", "ticker": "CHSCP", "name": "CHS Inc.", "filings": [ { "form": "8-K", "filed": "2026-10-05", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000031/0000823277-26-000031-index.htm" }, { "form": "8-K", "filed": "2026-08-26", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation" ], "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000029/0000823277-26-000029-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000027/0000823277-26-000027-index.htm" }, { "form": "8-K", "filed": "2026-07-08", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000025/0000823277-26-000025-index.htm" }, { "form": "10-Q", "filed": "2026-07-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000023/0000823277-26-000023-index.htm" }, { "form": "8-K", "filed": "2026-07-08", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000022/0000823277-26-000022-index.htm" } ], "events12m": 14, "healthWatch": { "window": "last 12 months", "since": "2025-10-06", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-10-05", "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000031/0000823277-26-000031-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000823277.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=823277" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up CHS Inc. ($CHSCP). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-10-05. 14 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-08-31", "revenue": 35462608000, "revenueGrowth1y": -0.09675247303134604, "revenueGrowthPerYear": -0.020004376284326497, "yearsOfData": 5, "operatingMargin": 0.002559174440864586, "operatingMarginPrior": 0.014883843804278261, "netMargin": 0.016862690978621763, "operatingCashFlow": 635787000, "capitalSpending": 728575000, "freeCashFlow": -92788000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 327826000, "longTermDebt": 1835833000, "longTermDebtChange": -0.15065141154589956, "revenueHistory": [ { "fiscalYearEnd": "2021-08-31", "revenue": 38448033000 }, { "fiscalYearEnd": "2022-08-31", "revenue": 47791666000 }, { "fiscalYearEnd": "2023-08-31", "revenue": 45590004000 }, { "fiscalYearEnd": "2024-08-31", "revenue": 39261229000 }, { "fiscalYearEnd": "2025-08-31", "revenue": 35462608000 } ], "totalEquity": 11076695000, "totalAssets": 18863849000, "equityRatio": 0.5871916701623301, "returnOnEquity": 0.05398677132484012, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": null, "sharesOutstanding": null, "bookValuePerShare": null, "revenuePerShare": null, "range80": { "low": 26054096891.488712, "high": 36616539259.71113, "baseline": 32068410409.84849, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.16391736417590688, "classVolatility": 0.06659579566308972, "volatility": 0.1251077581095131 }, "ifPaceHeld": { "low": 26054096891.488712, "high": 36616539259.71113 } }, "edgarette": "🔖 Exposure: revenue $35.5B (FY2025), total debt $1.8B. Experience: revenue down 9.7% on the year, down 2.0% a year over 4 years; operating margin 0.3%, down from 1.5%. Soundness: equity 58.7% of assets, return on equity 5.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $26.1B and $36.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $22.4B to $42.0B. A statistical range, not company guidance. Against peers (30 filers, $50M+ revenue, its industry group): operating margin 0.3% against a 1.4% median; growth -9.7% against 0.9%.", "peers": { "sic": 5150, "sicDescription": "Wholesale-Farm Product Raw Materials", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "51", "growth": [ 0.0089, 31 ], "opMargin": [ 0.014, 30 ], "equityRatio": [ 0.2989, 28 ], "returnOnEquity": [ -0.0465, 21 ], "payoutRatio": [ 0.2988, 10 ] }, "summary": "Chs (CHSCP) saw revenue fall 9.7% in FY2025 to $35.5 billion, operating margin 0.3% against a 1.4% median for wholesale-farm product raw materials, equity 58.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
CHS Inc. against its own record and its peers
Operating marginPeer median 1.4%0.3%Revenue, on the yearPeer median 0.9%-9.7%Equity of assetsPeer median 29.9%58.7%Return on equityPeer median -4.7%5.4%Gold tick: the median of 21–28 peers with $50M+ revenue in wholesale-farm product raw materials
", "chartHorizon": null, "backtest": { "tests": 12, "hits": 9, "rate": 0.75, "method": "v4", "byYear": { "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Chs (CHSCP) saw revenue fall 9.7% in FY2025 to $35.5 billion, operating margin 0.3% against a 1.4% median for wholesale-farm product raw materials, equity 58.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-08-31", "revenue": 35462608000, "totalDebt": 1835833000, "cash": 327826000 }, "experience": { "revenueGrowth1y": -0.09675247303134604, "revenueGrowthPerYear": -0.020004376284326497, "operatingMargin": 0.002559174440864586, "operatingMarginPrior": 0.014883843804278261, "netMargin": 0.016862690978621763, "freeCashFlow": -92788000 }, "soundness": { "equityRatio": 0.5871916701623301, "returnOnEquity": 0.05398677132484012, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5150, "sicDescription": "Wholesale-Farm Product Raw Materials", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "51", "growth": [ 0.0089, 31 ], "opMargin": [ 0.014, 30 ], "equityRatio": [ 0.2989, 28 ], "returnOnEquity": [ -0.0465, 21 ], "payoutRatio": [ 0.2988, 10 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-10-06", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-10-05", "url": "https://www.sec.gov/Archives/edgar/data/823277/000082327726000031/0000823277-26-000031-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 26054096891.488712, "high": 36616539259.71113, "baseline": 32068410409.84849, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341, "coverageAllYears": 0.6904374799277399, "stressCoverageAllYears": 0.819004992974709, "outcomeYears": [ 2019, 2025 ] }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.16391736417590688, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.1251077581095131, "k": 3 }, "stress": { "low": 22436179974.131195, "high": 41966548708.84719, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 12, "hits": 9, "rate": 0.75, "method": "v4", "byYear": { "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": null, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000823277.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=823277" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0179, "growth3y": -0.0947, "volatility": 0.1639, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.5401, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 1.8% of revenue into operating cash; revenue shrinking 9.5% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 9th percentile for cash, 5th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 9, "growthPctInClass": 5, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-08-31", "operating": 635787000, "investing": -880595000, "financing": -230567000, "capitalSpending": 728575000, "free": -92788000, "trend": [ { "fiscalYearEnd": "2021-08-31", "operating": 757811000, "free": 440017000 }, { "fiscalYearEnd": "2022-08-31", "operating": 1946518000, "free": 1592074000 }, { "fiscalYearEnd": "2023-08-31", "operating": 3284182000, "free": 2719660000 }, { "fiscalYearEnd": "2024-08-31", "operating": 1272880000, "free": 464117000 }, { "fiscalYearEnd": "2025-08-31", "operating": 635787000, "free": -92788000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-08-31", "cash": 327826000, "shortTerm": 0, "longTerm": null, "equityHoldings": null, "totalAssets": 18863849000, "ladder": null, "currentRatio": 1.53, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0179, "growth3y": -0.0947, "volatility": 0.1639, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.5401, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 1.8% of revenue into operating cash; revenue shrinking 9.5% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 9th percentile for cash, 5th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 9, "growthPctInClass": 5, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-08-31", "operating": 635787000, "investing": -880595000, "financing": -230567000, "capitalSpending": 728575000, "free": -92788000, "trend": [ { "fiscalYearEnd": "2021-08-31", "operating": 757811000, "free": 440017000 }, { "fiscalYearEnd": "2022-08-31", "operating": 1946518000, "free": 1592074000 }, { "fiscalYearEnd": "2023-08-31", "operating": 3284182000, "free": 2719660000 }, { "fiscalYearEnd": "2024-08-31", "operating": 1272880000, "free": 464117000 }, { "fiscalYearEnd": "2025-08-31", "operating": 635787000, "free": -92788000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-08-31", "cash": 327826000, "shortTerm": 0, "longTerm": null, "equityHoldings": null, "totalAssets": 18863849000, "ladder": null, "currentRatio": 1.53, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }