Friday 6 November 2026 Export ADM’s income statement to Excel — free account

Archer Daniels Midland Company

Archer Daniels Midland Company’s revenue for fiscal 2025 (year ended December 2025) was $80.3 billion, down 6.15% from fiscal 2024.

Revenue: +9.64%
EPS: +675.7%
Free cash flow: −91.4%
Total debt: −0.37%

Quarter to September 2026, against a year earlier

70.47 0.37 −0.52%

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Market cap: $33.5B
P/E: 13.7×
Fwd P/E: 14.2×
Dividend yield: 2.94%
F-score: 5/9
Altman Z: 2.94
Beneish M: −3.00
Dividend safety: 65/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Archer Daniels Midland Company (ADM) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2021: revenue by segment, and margins
Ag Services and Oilseeds	67,047	78.65%
Carbohydrate Solutions	11,110	13.03%
Nutrition	6,712	7.87%
Other Operating	380	0.45%
Gross margin		7.02%
Operating margin		3.51%
Pre-tax margin		3.89%

Revenue by product or service $m

Line	FY2021	FY2020	FY2019	FY2018
Mark-to-Market Products	62,456 73.26%	45,254 70.32%	42,267 65.37%	46,567 72.38%
Non MTM Products and Services	22,413 26.29%	19,101 29.68%	22,389 34.63%	17,774 27.62%
Revenue	85,249	64,355	64,656	64,341

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2017	FY2016	FY2011	FY2010	FY2009
Carbohydrate Solutions	8,503 34.07%	8,982 36.85%	10,420 40.56%	11,406 41.32%	11,110 13.03%	10,406 17.11%	11,549 18.52%	—	—	—
Ag Services and Oilseeds	8,492 34.03%	7,611 31.23%	7,636 29.72%	8,168 29.59%	67,047 78.65%	52,217 85.84%	—	—	—	—
Nutrition	7,512 30.10%	7,349 30.15%	7,211 28.07%	7,636 27.66%	6,712 7.87%	3,523 5.79%	3,540 5.68%	—	—	—
Other Operating	—	—	—	—	380 0.45%	387 0.64%	408 0.65%	110 0.14%	246 0.40%	5,535 8.00%
Origination	—	—	—	—	—	—	29,812 47.82%	—	—	—
Oilseeds	—	—	—	—	—	—	25,235 40.48%	—	—	—
0700 Agricultural Services	—	—	—	—	—	—	—	40,750 50.51%	—	—
Oilseeds Processing	—	—	—	—	—	—	—	29,908 37.07%	25,746 41.74%	24,627 35.58%
Corn Processing	—	—	—	—	—	—	—	9,908 12.28%	7,977 12.93%	7,803 11.27%
Agricultural Services	—	—	—	—	—	—	—	—	31,737 51.45%	36,071 52.12%
Intersegment Eliminations	—	—	—	—	—	—	—	—	(4,024) (6.52%)	—
Intersegment elimination and Corporate	—	—	—	—	—	—	—	—	—	(4,829) (6.98%)
Other, not broken out	449 1.80%	431 1.77%	424 1.65%	396 1.43%	—	—	—	—	—	—
Eliminations	—	—	—	—	—	(5,705) (9.38%)	(8,198) (13.15%)	—	—	—
Revenue	24,956	24,373	25,691	27,606	85,249	60,828	62,346	80,676	61,682	69,207

Revenue by region $m

Line	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2011	FY2010	FY2009
United States	35,396 41.52%	25,986 40.38%	27,509 42.55%	28,726 44.65%	27,894 45.86%	29,419 47.19%	31,828 47.01%	39,609 48.78%	41,427 46.13%	42,390 52.54%	33,362 54.09%	35,485 51.27%
Switzerland	18,453 21.65%	13,819 21.47%	13,016 20.13%	12,911 20.07%	14,095 23.17%	13,413 21.51%	11,681 17.25%	10,118 12.46%	10,467 11.66%	8,413 10.43%	5,770 9.35%	3,650 5.27%
Other Foreign	16,072 18.85%	13,192 20.50%	13,745 21.26%	11,472 17.83%	10,971 18.04%	13,556 21.74%	16,301 24.08%	19,087 23.51%	27,881 31.05%	23,656 29.32%	16,126 26.14%	22,641 32.71%
Cayman Islands	5,515 6.47%	3,958 6.15%	4,374 6.77%	5,724 8.90%	4,189 6.89%	3,617 5.80%	4,456 6.58%	5,213 6.42%	—	—	—	—
Brazil	3,213 3.77%	2,357 3.66%	2,381 3.68%	1,702 2.65%	1,589 2.61%	—	—	—	—	—	—	—
Mexico	2,934 3.44%	2,244 3.49%	2,068 3.20%	1,627 2.53%	—	—	—	—	—	—	—	—
United Kingdom	1,848 2.17%	1,519 2.36%	1,563 2.42%	—	—	—	—	—	—	—	—	—
Canada	1,818 2.13%	1,280 1.99%	—	—	—	—	—	—	—	—	—	—
Delaware	—	—	—	2,179 3.39%	2,090 3.44%	2,341 3.75%	3,436 5.08%	7,174 8.83%	10,029 11.17%	6,217 7.71%	6,424 10.41%	7,431 10.74%
Revenue	85,249	64,355	64,656	64,341	60,828	62,346	67,702	81,201	89,804	80,676	61,682	69,207

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Corn processed volumes	Q3 FY2026	4.7M	4.7M	+1.35%
Oilseeds processed volumes	Q3 FY2026	8.9M	8.8M	+1.61%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.