Filing Flows › CHS (CHSCP) › Q4 FY25
CHS (CHSCP) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 5, 2025
CHS (CHSCP) reported revenue of $8.6B for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -12% from the quarter before. Operating margin was 0.6%, net earnings $197M (2.3% of revenue).
CHS, Q4 FY25: revenue $8.6B (-6% year over year), operating margin 0.6%, net earnings $197M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6B | -12% | -6% |
| Gross profit | $330M | +0.1% | +21% |
| Operating profit | $53.9M | -24% | — |
| Net earnings | $197M | -15% | +76% |
| Operating cash flow | $1.3B | +82% | +14% |
| Free cash flow | $1.1B | +107% | +27% |
What changed
Revenue was $8.6B in Q4 FY25, down 6% year over year and down 12% from the previous quarter. Ag was the largest line at 76% of revenue.
Gross margin was 3.8%, up 0.9 points from a year earlier. Operating profit was $0.05B, a 0.6% margin (up 0.9 points year over year). Operating expenses fell 8% while revenue fell 6%. Net earnings were $0.20B, up 76% year over year. The effective tax rate was -8.2%. Non-operating items added $0.13B, 70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.3B (up 14% year over year), 646% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization. Working capital and other items added $0.88B. Capital expenditures of $0.20B left free cash flow of $1.1B.
Questions
What was CHS' revenue in the fourth quarter fiscal 2025?
CHS (CHSCP) reported revenue of $8.6B for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -12% from the quarter before.
Was CHS profitable in the fourth quarter fiscal 2025?
Operating profit was $53.9M (0.6% of revenue) and net earnings $197M.
Source: CHS 10-K on SEC EDGAR.