Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| CHS Inc.CHSCP · shops | |
|---|---|
| Grade |  Eweakest fifth of 258 graded peers; percentile 93.4, sampling error 2.9 points; lower is stronger |
| Rank | 239 of 258 |
| Profitability | D/Epercentile 77.1 |
| Solvency | Cpercentile 53.4 |
| Growth and financing | D/Epercentile 82.0 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $18.9B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: dilution, distress |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Nov 5, 2025338 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $26.102026-10-07; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Nov 5, 2025; the document on sec.gov.
CHS Inc. (referred to herein as "CHS," "company," "we," "us" or "our") is the nation's leading integrated agricultural cooperative, providing grain, food, agronomy and energy resources to businesses and consumers on a global basis. As a cooperative, we are owned by farmers and ranchers and member cooperatives (referred to herein as "members") across the United States. We also have preferred shareholders who own shares of our five series of preferred stock, all of which are listed and traded on the Global Select Market of The Nasdaq Stock Market LLC ("Nasdaq").
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 77.1 | |||||||
| Gross profitability | 6.0% | [1,3] | 42.6% | 95.0 | 242 | 2025-08-31 | |
| Return on invested capital | 0.7% | [4-12] | 10.9% | 86.7 | 84 | 2025-08-31 | |
| Accruals ratio | (0.2%) | [1,13-15] | (4.9%) | 88.5 | 287 | 2025-08-31 | |
| Gross margin stability, five years | 1.0 pts | [2-3,16-23] | 1.2 pts | 38.1 | 219 | 2025-08-31 | |
| Solvency, sleeve percentile 53.4 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| firm-wide XBRL shares cannot be assigned to one ticker class | |||||||
| Altman Z double-prime | not computable | 1.92 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | 1.91x | [4,7,9,24] | 1.84x | 53.5 | 100 | 2025-08-31 | |
| Interest coverage | 0.62x | [4,25] | 2.26x | 65.1 | 64 | 2025-08-31 | |
| Current ratio | 1.53x | [26-27] | 1.37x | 41.5 | 295 | 2025-08-31 | |
| Growth and financing, sleeve percentile 82.0 | |||||||
| Revenue growth, three-year compound | (9.5%) | [2,17,19,21] | 1.5% | 85.8 | 269 | 2025-08-31 | |
| Free cash flow growth, three-year compound | not computable | 5.6% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | (483.6%) | [4-6,24,26-30] | 7.3% | 98.7 | 152 | 2025-08-31 | |
| Asset growth, three years | 0.07% | [1,15,31-32] | 3.4% | 61.6 | 272 | 2025-08-31 | |
| Net share issuance, one year | not computable | (0.6%) | |||||
| firm-wide XBRL shares cannot be assigned to one ticker class | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.435; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 238 | Accendra Health (ACH) Accendra Health (ACH) Eweakest fifth; percentile 92.2 NYSE · Wholesale-Medical, Dental & Hospital Equipment & Supplies market equity $34.1M; last close $0.45 Warnings: short runway; 10 of 14 inputs | 92.2 | E | short runway |
| 239 | CHS Inc. (CHSCL) CHS Inc. (CHSCL) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $25.06 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 240 | CHS Inc. (CHSCM) CHS Inc. (CHSCM) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $23.55 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 241 | CHS Inc. (CHSCN) CHS Inc. (CHSCN) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $23.94 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 242 | CHS Inc. (CHSCO) CHS Inc. (CHSCO) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $25.57 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 243 | CHS Inc. (CHSCP) CHS Inc. (CHSCP) Eweakest fifth; percentile 93.4 Nasdaq · Wholesale-Farm Product Raw Materials last close $26.10 No active warnings; 10 of 14 inputs | 93.4 | E | |
| 244 | CrossAmerica Partners L.P. (CAPL) CrossAmerica Partners L.P. (CAPL) Eweakest fifth; percentile 94.6 NYSE · Wholesale-Petroleum & Petroleum Products (No Bulk Stations) market equity $823.8M; last close $21.58 No active warnings; 11 of 14 inputs | 94.6 | E | |
| 245 | Amaze Holdings, Inc. (AMZE) Amaze Holdings, Inc. (AMZE) Eweakest fifth; percentile 94.9 NYSE · Retail-Catalog & Mail-Order Houses market equity $1.6M; last close $0.07 Warnings: dilution, late filer; 8 of 14 inputs | 94.9 | E | dilution, late filer |
| 246 | Dolphin Entertainment, Inc. (DLPN) Dolphin Entertainment, Inc. (DLPN) Eweakest fifth; percentile 95.3 Nasdaq · Services-Personal Services market equity $13.0M; last close $1.08 No active warnings; 8 of 14 inputs | 95.3 | E | |
| 247 | Krispy Kreme, Inc. (DNUT) Krispy Kreme, Inc. (DNUT) Eweakest fifth; percentile 95.7 Nasdaq · Retail-Food Stores market equity $522.2M; last close $3.00 No active warnings; 7 of 14 inputs | 95.7 | E | |
| 248 | Andersons, Inc. (ANDE) Andersons, Inc. (ANDE) Eweakest fifth; percentile 96.1 Nasdaq · Wholesale-Farm Product Raw Materials market equity $2.3B; last close $66.50 No active warnings; 7 of 14 inputs | 96.1 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 91.4 | 2204 |
| sector peers, equal sleeves (the grade) | E | 93.4 | 258 |
| same exchange, equal sleeves | E | 88.0 | 1219 |
| sector peers, equal inputs | E | 93.0 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-07 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (7.0%) | (0.1%) | 41 | hotter than 41 of 100 peers |
| Distance from 52-week high | (11.5%) | (24.1%) | 77 | closer to its high than 77 of 100 peers |
| EBIT to enterprise value | not computable | 5.3% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.2% | required accounting or market input is missing | |
| Book value to price | not computable | 0.36 | required accounting or market input is missing | |
| Sales to price | not computable | 1.75 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (16.7%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | (0.05) | 0.02 | 41 | ahead of 41 of 100 peers |
Inputs: EBIT $90.8M; free cash flow -$92.8M; book equity $11.2B; sales $35.5B; debt $2.0B; cash $497.6M[33].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-08-31 | ||
|---|---|---|
| Return on assets above zero | 3.2% | ✓ pass[13,15] |
| Operating cash flow above zero | $635.8M | ✓ pass[14] |
| Return on assets improved | (2.6 pts) | ✗ fail[13,15,31,34] |
| Operating cash flow exceeds net income | $37.9M | ✓ pass[13-14] |
| Long-term leverage fell | (0.4 pts) | ✓ pass[1,7,10,15,31] |
| Current ratio improved | (8.2 pts) | ✗ fail[26-27,29-30] |
| No new shares issued | n/a | |
| Gross margin improved | (1.3 pts) | ✗ fail[2-3,16-17] |
| Asset turnover improved | (17.6 pts) | ✗ fail[2,15,17,31] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $497.6M[35] |
| Operating cash flow, four quarters | $1.5B[14,35-39] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 93 |
| 10-Q received Jul 8, 2026 | |
| Median daily dollar volume | $379,831 |
| 63 sessions | |
| Days since newest grade input | 338 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $18.9B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $35.5B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $1.1B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $90.8M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $614.8M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $16.8M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $1.7B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $11.1B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $327.8M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $1.8B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $10.8B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $794.9M | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $597.9M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $635.8M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $18.7B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $1.8B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $39.3B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $2.4B | 2023-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $45.6B | 2023-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $2.1B | 2022-08-31 | 2024-11-06 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $47.8B | 2022-08-31 | 2024-11-06 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $951.4M | 2021-08-31 | 2023-11-08 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $38.4B | 2021-08-31 | 2023-11-08 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $651.4M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 25 | interest expense | us-gaap:InterestExpense | $146.1M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $8.1B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $5.3B | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 28 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $728.6M | 2025-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 29 | current assets | us-gaap:AssetsCurrent | $8.7B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 30 | current liabilities | us-gaap:LiabilitiesCurrent | $5.4B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $19.0B | 2023-08-31 | 2024-11-06 | 10-K | filing · viewer · series |
| 32 | assets | us-gaap:Assets | $18.8B | 2022-08-31 | 2023-11-08 | 10-K | filing · viewer · series |
| 33 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 0 | 2026-07-08 | 2026-07-08 | 10-Q | filing · viewer · series |
| 34 | net income | us-gaap:NetIncomeLoss | $1.1B | 2024-08-31 | 2025-11-05 | 10-K | filing · viewer · series |
| 35 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $497.6M | 2026-05-31 | 2026-07-08 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $201.2M | 2026-05-31 | 2026-07-08 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$906.8M | 2026-02-28 | 2026-04-08 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$337.8M | 2025-11-30 | 2026-01-07 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$635.3M | 2025-05-31 | 2026-07-08 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 93.4 is 13.4 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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