Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.
7
Median gross margin 3.4% over 10y, variable.
4
Median ROIC 3.8%, above the 12% hurdle in 10% of years.
27
Net debt/EBITDA 2.0x, interest coverage 1x.
56
Owner earnings changed +5.1%/yr over up to the ten most recent annual observations, share count n/a.
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
Above value if growth stopped todayBelow value if growth stopped today
No price data
$1.1B
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$24.36
No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. CHSCL revenue fell in each of the three most recent year-over-year FY comparisons, so this estimate is flagged as unreliable for this company.
Among the current top-score group, the median current price is 243% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
17 years of fundamentals
The business, in plain English
CHS Inc. booked $35.5B of revenue in FY2025 in the Industrials sector and kept 3.2% of it as gross profit — a thin-margin business by that measure. After every other cost, 1.7% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $25.3B (FY2010) to $35.5B (FY2025) — about 2.3% a year compounded over 15 years.
It earned 0.7% on invested capital in the latest filed year, FY2025. Across the full 16-year measurable filed record, median ROIC was 7.6%. Over the v3 recent window (10 measurable filed years), median ROIC was 3.8%. The Returns on Capital filter above scores it 4/100.
The balance sheet carried $1.8B of total debt in FY2025 against $598M of owner earnings — roughly 3.1 years of owner earnings to retire it all. Balance-Sheet Safety scores it 27/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
FY2009–FY2025 · 17 fiscal years, normalized from CHSCL’s SEC filings
Sales, as filed$35.5B FY2025Revenue kept after cost of goods3.2% FY2025Standard ROIC or separately labeled Operating ROICStandard ROIC 0.7% FY2025
Exact FY and FY-1 financing invested-capital inputs are required.
Cash an owner could take out$598M FY2025
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Flagship explainer
How CHS Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
· event Aug 31, 2025 · retrieved Oct 18, 2026 · annual-row source set
Curated 19-manager tier
Who reported holding CHS Inc.
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
0 holding0 exited0 not holding0/19 resolved19 not retrieved
Named manager positions and quarter-over-quarter changes
Manager
Reported position
Quarter-over-quarter
Filing accession
Abrams Capital
Not retrieved
Comparison not retrieved
Filing not retrieved
Akre Capital
Not retrieved
Comparison not retrieved
Filing not retrieved
Baupost Group
Not retrieved
Comparison not retrieved
Filing not retrieved
Berkshire Hathaway
Not retrieved
Comparison not retrieved
Filing not retrieved
Brave Warrior Advisors
Not retrieved
Comparison not retrieved
Filing not retrieved
Dodge & Cox
Not retrieved
Comparison not retrieved
Filing not retrieved
First Eagle
Not retrieved
Comparison not retrieved
Filing not retrieved
Fundsmith
Not retrieved
Comparison not retrieved
Filing not retrieved
Gardner Russo & Quinn
Not retrieved
Comparison not retrieved
Filing not retrieved
Gates Foundation Trust
Not retrieved
Comparison not retrieved
Filing not retrieved
Mairs & Power
Not retrieved
Comparison not retrieved
Filing not retrieved
Markel / Markel-Gayner
Not retrieved
Comparison not retrieved
Filing not retrieved
Oakmark / Harris Associates
Not retrieved
Comparison not retrieved
Filing not retrieved
Pershing Square
Not retrieved
Comparison not retrieved
Filing not retrieved
Polen Capital
Not retrieved
Comparison not retrieved
Filing not retrieved
Sequoia / Ruane Cunniff
Not retrieved
Comparison not retrieved
Filing not retrieved
Southeastern Asset Management
Not retrieved
Comparison not retrieved
Filing not retrieved
Tweedy, Browne
Not retrieved
Comparison not retrieved
Filing not retrieved
Yacktman Asset Management
Not retrieved
Comparison not retrieved
Filing not retrieved
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 18, 2026
Flagship explainer
What CHS Inc. insiders reported
Records still being gathered — partial as of retrieval Oct 19, 2026.
Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.
Moat Score history
15 logged readings since Sep 4, 2026 · append-only, never rewritten
Moat Score over timeLast scored reading of each day, on the 0–100 scale23.3 / 100
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
None yet — CHSCL has read No moat for every logged capture since Sep 4, 2026.
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Oct 19, 2026.
16 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
No reported Form 4 rows were captured for CHSCL; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.
A filing source-event date will appear when a Form 4 row is captured.
Retrieved .
Industrials context
#398 of 448 scored Industrials companies, ranked by Moat Score.
Based on its FY2025 SEC filings, the Moat Index scores CHS Inc. (CHSCL) 23.3 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend not measurable from the filings, pricing power 7, returns on capital 4, balance-sheet safety 27, capital allocation 56.
How has CHSCL's Moat Score changed over time?
The record logs 15 readings since Sep 4, 2026; the latest reads 23.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CHSCL. See the disclaimer.