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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $80.27B | $85.53B | $93.94B | $101.56B | $85.25B | $64.36B |
| Cost of Revenue | $75.24B | $79.75B | $86.42B | $93.99B | $79.26B | $59.90B |
| Gross Profit | $5.03B | $5.78B | $7.51B | $7.57B | $5.99B | $4.45B |
| R&D | $246.00M | $269.00M | $256.00M | $216.00M | $171.00M | $160.00M |
| SG&A | $3.61B | $3.71B | $3.46B | $3.36B | $2.99B | $2.69B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $1.18B | $1.14B | $1.06B | $1.03B | $996.00M | $976.00M |
| Operating Income | $1.25B | $2.25B | $4.29B | $5.23B | $3.31B | $1.88B |
| Interest Expense | $612.00M | $706.00M | $647.00M | $396.00M | $265.00M | $339.00M |
| Income Tax | $182.00M | $476.00M | $828.00M | $868.00M | $578.00M | $101.00M |
| Net Income | $1.08B | $1.80B | $3.48B | $4.34B | $2.71B | $1.77B |
| EPS - Basic | $2.23 | $3.66 | $6.44 | $7.72 | $4.80 | $3.16 |
| EPS - Diluted | $2.23 | $3.65 | $6.43 | $7.71 | $4.79 | $3.15 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.01B | $611.00M | $1.37B | $1.04B | $943.00M | $666.00M |
| Accounts Receivable | $3.02B | $3.71B | $4.23B | $4.93B | $3.31B | $2.79B |
| Inventory | $10.37B | $11.57B | $11.96B | $14.77B | $14.48B | $11.71B |
| Accounts Payable | $5.20B | $5.54B | $6.31B | $7.80B | $6.39B | $4.47B |
| Current Assets | $26.66B | $27.72B | $29.77B | $35.41B | $31.91B | $27.29B |
| Total Assets | $52.39B | $53.27B | $54.63B | $59.77B | $56.14B | $49.72B |
| Current Liabilities | $19.53B | $19.94B | $18.66B | $24.19B | $21.95B | $18.18B |
| Long-term Debt | $6.61B | $7.58B | $8.26B | $7.74B | $8.01B | $7.88B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $22.74B | $22.18B | $24.14B | $24.32B | $22.51B | $20.02B |
| Retained Earnings | $21.98B | $21.93B | $23.46B | $23.65B | $21.66B | $19.78B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.45B | $2.79B | $4.46B | $3.48B | $6.59B | ($2.39B) |
| Investing Cash Flow | ($1.02B) | ($2.70B) | ($1.50B) | ($1.40B) | ($2.67B) | $4.46B |
| Financing Cash Flow | ($2.89B) | ($1.53B) | ($4.60B) | ($2.50B) | ($1.12B) | ($423.00M) |
| CapEx | $1.25B | $1.56B | $1.49B | $1.32B | $1.17B | $823.00M |
| Free Cash Flow | $4.20B | $1.23B | $2.97B | $2.16B | $5.43B | ($3.21B) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 6.3% | 6.8% | 8.0% | 7.5% | 7.0% | 6.9% |
| Operating margin | 1.6% | 2.6% | 4.6% | 5.2% | 3.9% | 2.9% |
| EBITDA margin | 3.0% | 4.0% | 5.7% | 6.2% | 5.1% | 4.4% |
| Net margin | 1.3% | 2.1% | 3.7% | 4.3% | 3.2% | 2.8% |
| Free cash flow margin | 5.2% | 1.4% | 3.2% | 2.1% | 6.4% | -5.0% |
| FCF / Net income | 3.90 | 0.68 | 0.85 | 0.50 | 2.00 | -1.81 |
| R&D / Revenue | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% |
| SG&A / Revenue | 4.5% | 4.3% | 3.7% | 3.3% | 3.5% | 4.2% |
| Effective tax rate | 14.4% | 20.9% | 19.2% | 16.7% | 17.6% | 5.4% |
| Return on assets | 2.1% | 3.4% | 6.4% | 7.3% | 4.8% | 3.6% |
| Return on equity | 4.7% | 8.1% | 14.4% | 17.8% | 12.0% | 8.9% |
| Return on invested capital | 3.7% | 6.0% | 10.7% | 13.6% | 8.9% | 6.4% |
| Liquidity | ||||||
| Current ratio | 1.37 | 1.39 | 1.60 | 1.46 | 1.45 | 1.50 |
| Quick ratio | 0.83 | 0.81 | 0.95 | 0.85 | 0.79 | 0.86 |
| Cash ratio | 0.05 | 0.03 | 0.07 | 0.04 | 0.04 | 0.04 |
| Leverage | ||||||
| Debt / Equity | 0.29 | 0.34 | 0.34 | 0.32 | 0.36 | 0.39 |
| Debt / Assets | 0.13 | 0.14 | 0.15 | 0.13 | 0.14 | 0.16 |
| Debt / EBITDA | 2.71 | 2.23 | 1.54 | 1.24 | 1.86 | 2.76 |
| Interest coverage | 2.1x | 3.2x | 6.6x | 13.2x | 12.5x | 5.6x |
| Equity multiplier | 2.30 | 2.40 | 2.26 | 2.46 | 2.49 | 2.48 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.53 | 1.61 | 1.72 | 1.70 | 1.52 | 1.29 |
| Inventory turnover | 7.26 | 6.89 | 7.23 | 6.36 | 5.47 | 5.11 |
| Days sales outstanding | 14d | 16d | 16d | 18d | 14d | 16d |
| Days inventory outstanding | 50d | 53d | 50d | 57d | 67d | 71d |
| Days payable outstanding | 25d | 25d | 27d | 30d | 29d | 27d |
| Cash conversion cycle | 39d | 43d | 40d | 45d | 51d | 60d |
| Valuation | ||||||
| P / E | 25.8x | 13.8x | 11.2x | 12.0x | 14.1x | 16.0x |
| P / B | 1.2x | 1.1x | 1.6x | 2.1x | 1.7x | 1.4x |
| P / S | 0.3x | 0.3x | 0.4x | 0.5x | 0.4x | 0.4x |
| EV / EBITDA | 13.7x | 9.4x | 8.6x | 9.4x | 10.5x | 12.5x |
| Growth | ||||||
| Revenue growth (YoY) | -6.2% | -8.9% | -7.5% | 19.1% | 32.5% | -0.5% |
| Revenue CAGR (3y) | -7.5% | 0.1% | 13.4% | 16.2% | 9.8% | 1.9% |
| Revenue CAGR (5y) | 4.5% | 5.8% | 7.9% | 10.8% | 6.5% | -1.0% |
| Gross profit growth (YoY) | -12.9% | -23.1% | -0.8% | 26.4% | 34.4% | 7.4% |
| Operating income growth (YoY) | -44.3% | -47.5% | -17.9% | 58.0% | 75.9% | 18.6% |
| Net income growth (YoY) | -40.1% | -48.3% | -19.7% | 60.2% | 52.9% | 28.5% |
| EPS growth (YoY) | -38.9% | -43.2% | -16.6% | 61.0% | 52.1% | 29.1% |
| EPS CAGR (3y) | -33.9% | -8.7% | 26.9% | 46.7% | 14.5% | 4.1% |
| EPS CAGR (5y) | -6.7% | 8.4% | 15.0% | 22.5% | 17.3% | 1.1% |
| FCF growth (YoY) | 242.6% | -58.6% | 37.4% | -60.2% | - | 48.9% |
| FCF CAGR (5y) | - | - | - | 13.2% | 55.7% | - |
| Book value growth (YoY) | 2.5% | -8.1% | -0.7% | 8.0% | 12.4% | 4.1% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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 |