ADM · Archer-Daniels-Midland Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.49B | - | $20.37B | $21.17B | $20.18B | - | $19.94B | $22.25B | $21.85B | - |
| Cost of Revenue | $19.27B | - | $19.10B | $19.80B | $19.00B | - | $18.57B | $20.85B | $20.19B | - |
| Gross Profit | $1.22B | - | $1.27B | $1.37B | $1.18B | - | $1.36B | $1.40B | $1.66B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $961.00M | - | $873.00M | $911.00M | $932.00M | - | $905.00M | $907.00M | $951.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $293.00M | - | $221.00M | $228.00M | $287.00M | - | - | - | $280.00M | - |
| Operating Income | $384.00M | - | $147.00M | $279.00M | $353.00M | - | $108.00M | $596.00M | $885.00M | - |
| Interest Expense | $149.00M | - | $153.00M | $159.00M | $158.00M | - | $174.00M | $187.00M | $166.00M | - |
| Income Tax | $81.00M | - | $37.00M | $62.00M | $61.00M | - | $90.00M | $115.00M | $166.00M | - |
| Net Income | $298.00M | - | $108.00M | $219.00M | $295.00M | - | $18.00M | $486.00M | $729.00M | - |
| EPS - Basic | $0.62 | - | $0.22 | $0.45 | $0.61 | - | $0.04 | $0.99 | $1.42 | - |
| EPS - Diluted | $0.62 | - | $0.22 | $0.45 | $0.61 | - | $0.04 | $0.98 | $1.42 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $591.00M | $1.01B | $1.24B | $1.06B | $864.00M | $611.00M | $784.00M | $764.00M | $830.00M | $1.37B |
| Accounts Receivable | $3.71B | $3.02B | $3.63B | $3.67B | $4.42B | $3.71B | $3.77B | $4.38B | $4.18B | $4.23B |
| Inventory | $11.74B | $10.37B | $8.70B | $9.72B | $11.55B | $11.57B | $10.75B | $10.44B | $11.63B | $11.96B |
| Accounts Payable | $5.46B | $5.20B | $4.99B | $4.47B | $5.15B | $5.54B | $4.91B | $5.04B | $5.60B | $6.31B |
| Current Assets | $29.99B | $26.66B | $26.43B | $26.29B | $27.88B | $27.72B | $26.63B | $26.96B | $29.01B | $29.77B |
| Total Assets | $55.60B | $52.39B | $51.92B | $52.00B | $53.40B | $53.27B | $52.20B | $52.70B | $54.83B | $54.63B |
| Current Liabilities | $22.88B | $19.53B | $19.27B | $18.47B | $20.17B | $19.94B | $19.00B | $18.68B | $19.73B | $18.66B |
| Long-term Debt | $6.46B | $6.61B | $6.61B | $7.61B | $7.60B | $7.58B | $7.58B | $8.25B | $8.24B | $8.26B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $22.81B | $22.74B | $22.50B | $22.44B | $22.13B | $22.18B | $21.98B | $22.16B | $23.23B | $24.14B |
| Retained Earnings | $22.02B | $21.98B | $21.81B | $21.95B | $21.98B | $21.93B | $21.61B | $21.83B | $23.07B | $23.46B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $150.00M | - | - | - | ($342.00M) | - | - | - | $700.00M | - |
| Investing Cash Flow | ($128.00M) | - | - | - | ($129.00M) | - | - | - | ($1.23B) | - |
| Financing Cash Flow | $612.00M | - | - | - | $587.00M | - | - | - | ($2.00M) | - |
| CapEx | $194.00M | - | - | - | $291.00M | - | - | - | $328.00M | - |
| Free Cash Flow | ($44.00M) | - | - | - | ($633.00M) | - | - | - | $372.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 6.0% | - | 6.2% | 6.5% | 5.8% | - | 6.8% | 6.3% | 7.6% | - |
| Operating margin | 1.9% | - | 0.7% | 1.3% | 1.7% | - | 0.5% | 2.7% | 4.1% | - |
| EBITDA margin | 3.3% | - | 1.8% | 2.4% | 3.2% | - | - | - | 5.3% | - |
| Net margin | 1.5% | - | 0.5% | 1.0% | 1.5% | - | 0.1% | 2.2% | 3.3% | - |
| Free cash flow margin | -0.2% | - | - | - | -3.1% | - | - | - | 1.7% | - |
| FCF / Net income | -0.15 | - | - | - | -2.15 | - | - | - | 0.51 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 4.7% | - | 4.3% | 4.3% | 4.6% | - | 4.5% | 4.1% | 4.4% | - |
| Effective tax rate | 21.4% | - | 25.5% | 22.1% | 17.1% | - | 83.3% | 19.1% | 18.5% | - |
| Return on assets | 0.5% | - | 0.2% | 0.4% | 0.6% | - | 0.0% | 0.9% | 1.3% | - |
| Return on equity | 1.3% | - | 0.5% | 1.0% | 1.3% | - | 0.1% | 2.2% | 3.1% | - |
| Return on invested capital | 1.0% | - | 0.4% | 0.7% | 1.0% | - | 0.2% | 1.6% | 2.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.31 | 1.37 | 1.37 | 1.42 | 1.38 | 1.39 | 1.40 | 1.44 | 1.47 | 1.60 |
| Quick ratio | 0.80 | 0.83 | 0.92 | 0.90 | 0.81 | 0.81 | 0.84 | 0.88 | 0.88 | 0.95 |
| Cash ratio | 0.03 | 0.05 | 0.06 | 0.06 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | 0.28 | 0.29 | 0.29 | 0.34 | 0.34 | 0.34 | 0.34 | 0.37 | 0.35 | 0.34 |
| Debt / Assets | 0.12 | 0.13 | 0.13 | 0.15 | 0.14 | 0.14 | 0.15 | 0.16 | 0.15 | 0.15 |
| Debt / EBITDA | 9.54 | - | 17.96 | 15.00 | 11.87 | - | - | - | 7.08 | - |
| Interest coverage | 2.6x | - | 1.0x | 1.8x | 2.2x | - | 0.6x | 3.2x | 5.3x | - |
| Equity multiplier | 2.44 | 2.30 | 2.31 | 2.32 | 2.41 | 2.40 | 2.37 | 2.38 | 2.36 | 2.26 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | - | 0.39 | 0.41 | 0.38 | - | 0.38 | 0.42 | 0.40 | - |
| Inventory turnover | 1.64 | - | 2.20 | 2.04 | 1.64 | - | 1.73 | 2.00 | 1.74 | - |
| Days sales outstanding | 66d | - | 65d | 63d | 80d | - | 69d | 72d | 70d | - |
| Days inventory outstanding | 222d | - | 166d | 179d | 222d | - | 211d | 183d | 210d | - |
| Days payable outstanding | 103d | - | 95d | 83d | 99d | - | 97d | 88d | 101d | - |
| Cash conversion cycle | 185d | - | 136d | 160d | 203d | - | 184d | 167d | 179d | - |
| Valuation | ||||||||||
| P / E | 117.2x | - | 271.5x | 117.3x | 78.7x | - | 1493.5x | 61.7x | 44.2x | - |
| P / B | 1.5x | - | 1.3x | 1.1x | 1.0x | - | 1.3x | 1.3x | 1.4x | - |
| P / S | 1.7x | - | 1.4x | 1.2x | 1.1x | - | 1.4x | 1.3x | 1.5x | - |
| EV / EBITDA | 60.6x | - | 93.2x | 63.3x | 46.8x | - | - | - | 34.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.6% | - | 2.2% | -4.9% | -7.7% | - | -8.1% | -11.7% | -9.2% | - |
| Revenue CAGR (3y) | -5.2% | - | -6.2% | -8.1% | -5.2% | - | -0.7% | -1.0% | 5.0% | - |
| Revenue CAGR (5y) | 1.6% | - | 6.1% | 5.4% | 6.1% | - | 3.6% | 6.4% | 7.4% | - |
| Gross profit growth (YoY) | 3.6% | - | -7.0% | -1.9% | -28.9% | - | -24.6% | -25.9% | -20.2% | - |
| Operating income growth (YoY) | 8.8% | - | 36.1% | -53.2% | -60.1% | - | -89.5% | -47.3% | -36.6% | - |
| Net income growth (YoY) | 1.0% | - | 500.0% | -54.9% | -59.5% | - | -97.8% | -47.6% | -37.7% | - |
| EPS growth (YoY) | 1.6% | - | 450.0% | -54.1% | -57.0% | - | -97.4% | -42.4% | -33.0% | - |
| EPS CAGR (3y) | -33.6% | - | -50.6% | -40.9% | -31.0% | - | -65.0% | -8.0% | 5.2% | - |
| EPS CAGR (5y) | -12.7% | - | -11.3% | -11.7% | -2.4% | - | -43.9% | 18.5% | 28.2% | - |
| FCF growth (YoY) | 93.0% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.1% | 2.5% | 2.4% | 1.3% | -4.8% | -8.1% | -13.0% | -11.3% | -6.7% | -0.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$79.82B totalAg Servicesand Oilseeds$61.57B · 77.1%
Carbohydrate Solutions$10.74B · 13.5%
Nutrition$7.51B · 9.4%
Product / service
$79.82B totalAg Services$40.36B · 50.6%
Refined Productsand Other$10.86B · 13.6%
Crushing$10.35B · 13.0%
Starchesandsweeteners$7.98B · 10.0%
Human Nutrition$4.19B · 5.2%
Animal Nutrition$3.33B · 4.2%
Vantage Corn Processors$2.75B · 3.5%
Geographic
$80.27B totalUS$31.18B · 38.8%
CH$17.79B · 22.2%
Other Foreign$15.23B · 19.0%
KY$6.09B · 7.6%
BR$3.36B · 4.2%
MX$2.74B · 3.4%
GB$2.12B · 2.6%
CA$1.77B · 2.2%
Peer comparison
Same SIC group: Fats & Oils
Comparing Archer-Daniels-Midland Co against the 5 most active filers in the same SIC group.
Dividends
$2.06/share trailing 12 months · +2.0% YoY
| Ex-date | Per share |
|---|---|
| May 20, 2026 | $0.5200 |
| Feb 17, 2026 | $0.5200 |
| Nov 19, 2025 | $0.5100 |
| Aug 20, 2025 | $0.5100 |
| May 21, 2025 | $0.5100 |
| Feb 18, 2025 | $0.5100 |
| Nov 21, 2024 | $0.5000 |
| Aug 21, 2024 | $0.5000 |
| May 15, 2024 | $0.5000 |
| Feb 7, 2024 | $0.5000 |
| Nov 14, 2023 | $0.4500 |
| Aug 15, 2023 | $0.4500 |
| May 16, 2023 | $0.4500 |
| Feb 8, 2023 | $0.4500 |
| Nov 15, 2022 | $0.4000 |
| Aug 16, 2022 | $0.4000 |
| May 17, 2022 | $0.4000 |
| Feb 7, 2022 | $0.4000 |
| Nov 16, 2021 | $0.3700 |
| Aug 17, 2021 | $0.3700 |
| May 18, 2021 | $0.3700 |
| Feb 8, 2021 | $0.3700 |
| Nov 18, 2020 | $0.3600 |
| Aug 18, 2020 | $0.3600 |