Filing Flows › CHS (CHSCP) › Q3 FY26 › vs Q3 FY25
CHS (CHSCP) Q3 FY26 vs Q3 FY25 (year over year)
CHS's revenue rose $1.8B (+19%) from $9.8B in Q3 FY25 to $11.6B in Q3 FY26. The biggest changes: Energy +$1.4B (+73%); Grains +$368M (+7%); Agronomy +$52.2M (+2%). Gross margin 3.5% against 3.4% (+0.2 pts).
CHS, Q3 FY26: revenue $11.6B (+19% year over year), operating margin 0.9%, net earnings $267M, operating cash flow $1.1B. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 3.5% | 3.4% | +0.2 pts |
| Operating margin | 0.9% | 0.7% | +0.2 pts |
| Net margin | 2.3% | 2.4% | -0.1 pts |
| Free cash flow margin | 8.5% | 5.3% | +3.2 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Grains | $5.7B | $5.3B | $368M | +7% |
| Energy | $3.3B | $1.9B | $1.4B | +73% |
| Agronomy | $2.6B | $2.5B | $52.2M | +2% |
| Corporate and Services | $47.2M | $45.0M | $2.2M | +5% |
| Revenue | $11.6B | $9.8B | $1.8B | +19% |
| Gross profit | $411M | $330M | $80.8M | +25% |
| Cost of revenue | $11.2B | $9.4B | $1.7B | +18% |
| Other income, net | $174M | $188M | −$14.0M | -7% |
| Operating profit | $108M | $71.0M | $37.4M | +53% |
| Operating expenses | $302M | $259M | $43.4M | +17% |
| Pre-tax earnings | $282M | $259M | $23.4M | +9% |
| Net earnings | $267M | $232M | $35.8M | +15% |
| Income tax | $14.7M | $27.2M | −$12.5M | -46% |
| Depreciation & amortization | $165M | $159M | $5.9M | +4% |
| Working capital & other | $675M | $306M | $370M | +121% |
| Operating cash flow | $1.1B | $697M | $411M | +59% |
| Free cash flow (OCF − capex) | $985M | $521M | $464M | +89% |
| Capital expenditures | $123M | $176M | −$52.6M | -30% |
Questions
How much did CHS's revenue grow year over year in Q3 FY26?
CHS's revenue rose $1.8B (+19%) from $9.8B in Q3 FY25 to $11.6B in Q3 FY26.
What drove CHS's revenue change in Q3 FY26?
Energy +$1.4B (+73%); Grains +$368M (+7%); Agronomy +$52.2M (+2%).