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CHS (CHSCP) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 9, 2025
CHS (CHSCP) reported revenue of $9.8B for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +25% from the quarter before. Operating margin was 0.7%, net earnings $232M (2.4% of revenue).
CHS, Q3 FY25: revenue $9.8B (+2% year over year), operating margin 0.7%, net earnings $232M, operating cash flow $697M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.8B | +25% | +2% |
| Gross profit | $330M | +332% | -29% |
| Operating profit | $71.0M | — | -53% |
| Net earnings | $232M | — | -22% |
| Operating cash flow | $697M | — | +25% |
| Free cash flow | $521M | — | +44% |
What changed
Revenue was $9.8B in Q3 FY25, up 2% year over year and up 25% from the previous quarter. Ag was the largest line at 82% of revenue. Ag added $0.44B year over year (up 6%), 279% of the total change. Energy declined 14%.
Gross margin was 3.4%, down 1.5 points from a year earlier. Operating profit was $0.07B, a 0.7% margin (down 0.8 points year over year). Operating profit fell $0.08B even though revenue rose $0.16B versus a year earlier, so costs grew faster than sales. Operating expenses fell 18% while revenue rose 2%. Net earnings were $0.23B, down 22% year over year. The effective tax rate was 10.5%. Non-operating items added $0.19B, 73% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.70B (up 25% year over year), 301% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization. Working capital and other items added $0.31B. Capital expenditures of $0.18B left free cash flow of $0.52B.
Questions
What was CHS' revenue in the third quarter fiscal 2025?
CHS (CHSCP) reported revenue of $9.8B for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +25% from the quarter before.
Was CHS profitable in the third quarter fiscal 2025?
Operating profit was $71.0M (0.7% of revenue) and net earnings $232M.
Source: CHS 10-Q on SEC EDGAR.