Filing Flows › CHS (CHSCP) › Q4 FY26
CHS (CHSCP) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Nov 4, 2026
CHS (CHSCP) reported revenue of $10.4B for the fourth quarter fiscal 2026 (Q4 FY26), +21% from a year earlier and -10% from the quarter before. Operating margin was 5.8%, net earnings $715M (6.9% of revenue).
CHS, Q4 FY26: revenue $10.4B (+21% year over year), operating margin 5.8%, net earnings $715M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.4B | -10% | +21% |
| Gross profit | $962M | +134% | +192% |
| Operating profit | $604M | +458% | 11× |
| Net earnings | $715M | +167% | +264% |
| Operating cash flow | $1.4B | +25% | +9% |
| Free cash flow | $1.3B | +28% | +17% |
What changed
Revenue was $10.4B in Q4 FY26, up 21% year over year and down 10% from the previous quarter. Grains was the largest line at 53% of revenue.
Gross margin was 9.2%, up 5.4 points from Q4 FY25. Operating profit was $0.60B, a 5.8% margin (up 5.2 points year over year). Of the extra revenue versus Q4 FY25, 30% reached operating profit, above the 1% margin then. Operating expenses grew 30% against revenue growth of 21%. Net earnings were $0.72B, up 264% year over year. The effective tax rate was 3.3%.
Operating cash flow was $1.4B (up 9% year over year), 193% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization. Working capital and other items added $0.50B. Capital expenditures of $0.12B left free cash flow of $1.3B.
Questions
What was CHS' revenue in the fourth quarter fiscal 2026?
CHS (CHSCP) reported revenue of $10.4B for the fourth quarter fiscal 2026 (Q4 FY26), +21% from a year earlier and -10% from the quarter before.
Was CHS profitable in the fourth quarter fiscal 2026?
Operating profit was $604M (5.8% of revenue) and net earnings $715M.
Source: CHS 10-K on SEC EDGAR.