Does CHS Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores CHS Inc. (CHSCP) 20.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 7, returns on capital 7, balance-sheet safety 27, capital discipline 56.

How has CHSCP's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 20.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

CHS Inc.

CHSCP · Industrials · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power7

Median gross margin 3.4% over 10y, variable.

Returns on capital7

Median ROIC 3.8%, above the 9% hurdle in 20% of years.

Balance-sheet safety27

Net debt/EBITDA 2.0x, interest coverage 1x.

Capital discipline56

Owner earnings +5.1%/yr, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $1.1B
Est. intrinsic value / share: —
Recent price: $26.72
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for CHSCP yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale20.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — CHSCP has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#258 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#256FRD FRIEDMAN INDUSTRIES INC20.8 out of 100, No moatNo moat
#257FLR FLUOR CORPORATION20.8 out of 100, No moatNo moat
#259CVV CVD EQUIPMENT CORPORATION20.3 out of 100, No moatNo moat
#260SPCE Virgin Galactic Holdings, Inc20.0 out of 100, No moatNo moat

Compare CHSCP with its nearest peers →All Industrials companies on the Index →

Common questions about CHSCP

Does CHS Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores CHS Inc. (CHSCP) 20.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 7, returns on capital 7, balance-sheet safety 27, capital discipline 56.
How has CHSCP's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 20.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CHSCP. See the disclaimer.