Saturday 17 October 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. In the quarter to June 2026, revenue grew 7.16%, EPS grew 315.6%, free cash flow fell 77.5% and total debt fell 9.17%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

82.61 0.32 −0.39%

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Market cap: $40.0B
P/E: 22.6×
Fwd P/E: 17.8×
Dividend yield: 2.51%
F-score: 5/9
Altman Z: 2.94
Beneish M: −3.00
Dividend safety: 65/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.49

Total sells 10.11

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	—	—	—	1	3	—	—	—	—	—	—	—

Insider Ownership 1.32%

Capital & Financial Ratios $m

Market Cap 39,970.00

Revenue 82,099.00

Net Income 1,779.00

Free Cash Flow 1,692.00

Net Debt (2,005.00)

Current Ratio 1.39

Debt/Equity 0.32

P/E ratio 22.63

Fwd P/E 17.80

P/S ratio 0.49

P/B ratio 1.70

Past 5Y EPS Growth (6.67%)

This Y EPS Growth 60.05%

Next Y EPS Growth 6.49%

Next Y revenue growth 7.64%

Next 5Y EPS Growth 19.26%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 89.79%

10-year low 10-year high

P/S against its own 10 years 88.61%

10-year low 10-year high

P/B against its own 10 years 82.97%

10-year low 10-year high

EV/Sales against its own 10 years 80.76%

10-year low 10-year high

EV/FCF against its own 10 years 65.11%

10-year low 10-year high

Dividends

Payout Ratio 0.57

Annual Dividend Rate 2.07

Annual Dividend Yield 2.51%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.09	0.52 0.52 0.52
2025	2.04	0.51 0.51 0.51 0.51
2024	2.00	0.50 0.50 0.50 0.50
2023	1.80	0.45 0.45 0.45 0.45
2022	1.60	0.40 0.40 0.40 0.40
2021	1.48	0.37 0.37 0.37 0.37
2020	1.44	0.36 0.36 0.36 0.36
2019	1.40	0.35 0.35 0.35 0.35
2018	1.34	0.34 0.34 0.34 0.34
2017	1.28	0.32 0.32 0.32 0.32
2016	1.20	0.30 0.30 0.30 0.30

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8,596	8,069	9,479	9,609
Receivables	4,232	3,708	3,021	3,348
Inventory	11,957	11,572	10,369	10,586
Other	4,982	4,369	3,796	4,256
	29,767	27,718	26,665	27,799

	2023	2024	2025	Q'26
Payables	6,313	5,535	5,195	4,990
ST’ Debt	1	674	1,006	1,153
Other	—	—	—	—
	18,662	19,938	19,534	20,012

Compound Annual Growth %

	10y	5y	3y
Sales	1.72%	4.52%	(7.54%)
Cash Flow	12.33%	0.00%	16.17%
Earnings	(5.25%)	(9.46%)	(37.14%)
Book Value	2.41%	2.58%	(2.21%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	20,490	22,681	—	—	—
’25	20,175	21,166	20,372	18,556	80,269
’24	21,847	22,248	19,937	21,498	85,530
’23	24,072	25,190	21,695	22,978	93,935
’22	23,650	27,284	24,683	25,939	101,556
’21	18,893	22,926	20,340	23,090	85,249
’20	14,970	16,281	15,126	17,978	64,355

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	150	1,149	—	—	—
’25	(342)	4,298	1,809	(313)	5,452
’24	700	468	1,300	322	2,790
’23	(1,610)	2,509	992	2,569	4,460
’22	(1,206)	531	4,023	130	3,478
’21	298	2,709	2,846	742	6,595
’20	(655)	219	(1,080)	(870)	(2,386)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(18)	907	—	—	—
’25	(623)	4,024	1,550	(747)	4,204
’24	378	116	934	(201)	1,227
’23	(1,924)	2,226	555	2,109	2,966
’22	(1,418)	255	3,670	(348)	2,159
’21	124	2,456	2,559	287	5,426
’20	(842)	46	(570)	(1,843)	(3,209)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.62	1.87	—	—	—
’25	0.61	0.45	0.22	0.94	2.23
’24	1.42	0.98	0.04	1.17	3.65
’23	2.12	1.70	1.52	1.06	6.43
’22	1.86	2.18	1.83	1.84	7.71
’21	1.22	1.26	0.93	1.38	4.79
’20	0.69	0.84	0.40	1.22	3.15

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.86	38.59	39.16	36.45	28.92	49.28	65.64	69.31	48.92	40.98	Analyst estimates 2026–2028 Powerpack
	High	47.88	47.44	52.07	47.20	52.05	69.30	98.88	92.85	74.02	65.00
People
People	Employees	31,800	31,300	31,600	38,100	39,000	41,000	42,001	41,802	44,000	41,496
	Revenue/emp, $m	1.96	1.94	2.04	1.70	1.65	2.08	2.42	2.25	1.94	1.93
Income, $m
Income, $m	Revenue	62,346	60,828	64,341	64,656	64,355	85,249	101,556	93,935	85,530	80,269
	Gross margin, %	5.80	5.78	6.50	6.41	6.92	7.02	7.45	8.00	6.76	6.27
	EBT	1,822	1,609	2,060	1,588	1,883	3,313	5,233	4,294	2,255	1,255
	EBT margin, %	2.92	2.65	3.20	2.46	2.93	3.89	5.15	4.57	2.64	1.56
	Net income	1,288	1,602	1,815	1,379	1,782	2,735	4,365	3,466	1,779	1,073
	Depreciation	900	924	941	993	976	996	1,028	1,059	1,141	1,181
Per share, $
Per share, $	Revenue	106.03	106.90	114.08	114.84	114.71	151.15	180.70	173.63	173.84	165.85
	Earnings	2.16	2.79	3.19	2.44	3.15	4.79	7.71	6.43	3.65	2.23
	Cash flow	(11.07)	(10.49)	(8.48)	(9.68)	(4.25)	11.69	6.19	8.24	5.67	11.26
	Capex	(1.50)	(1.84)	(1.49)	(1.47)	(1.47)	(2.07)	(2.35)	(2.76)	(3.18)	(2.58)
	Free cash flow	(12.57)	(12.33)	(9.98)	(11.15)	(5.72)	9.62	3.84	5.48	2.49	8.69
	Book value	29.22	32.20	33.68	34.15	35.69	39.91	43.27	44.63	45.08	46.98
	Shares, m	588	569	564	563	561	564	562	541	492	484
Valuation, ×
Valuation, ×	P/E	21.19	14.32	12.80	18.92	16.00	14.11	11.63	11.37	13.99	25.90
	P/S	0.44	0.38	0.36	0.40	0.44	0.45	0.50	0.42	0.29	0.35
	P/B	1.58	1.25	1.22	1.36	1.41	1.69	2.07	1.63	1.12	1.22
	EV/Sales	0.45	0.39	0.39	0.44	0.46	0.44	0.48	0.42	0.29	0.32
	EV/FCF	(3.79)	(3.40)	(4.42)	(4.53)	(9.23)	6.96	22.70	13.16	20.41	6.17
Cash, $m
Cash, $m	Operating cash flow	(6,508)	(5,966)	(4,784)	(5,452)	(2,386)	6,595	3,478	4,460	2,790	5,452
	Capex	(882)	(1,049)	(842)	(828)	(823)	(1,169)	(1,319)	(1,494)	(1,563)	(1,248)
	Free cash flow	(7,390)	(7,015)	(5,626)	(6,280)	(3,209)	5,426	2,159	2,966	1,227	4,204
Balance, $m
Balance, $m	Working capital	7,872	7,355	8,812	7,613	9,104	9,961	11,219	11,105	7,780	7,131
	Total debt	6,777	6,636	8,280	7,679	7,887	8,581	8,677	8,260	8,254	7,612
	Net debt	851	1,006	1,777	2,369	1,331	(378)	(1,370)	(336)	185	(1,867)
	Shareholders’ equity	17,181	18,322	18,996	19,225	20,022	22,508	24,317	24,145	22,178	22,740
Returns, %
Returns, %	ROA	3.20	4.00	4.48	3.25	3.78	5.12	7.49	6.09	3.34	2.04
	ROIC	5.67	4.98	6.07	4.79	5.17	8.45	11.47	10.65	5.79	4.26
	ROE	7.29	8.99	9.70	7.22	9.03	12.74	18.54	14.37	7.77	4.80

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ADM Archer Daniels Midland Company	$40.0B	22.6×	17.8×	+7.16% (above 0%: growing)	+315.56% (above 0%: growing)	−77.46% (below 0%: shrinking)	8.53%	4.01%
BG Bunge Global SA	$20.6B	20.6×	14.5×	+88.28% (above 0%: growing)	+32.95% (above 0%: growing)	−0.80% (below 0%: shrinking)	6.99%	4.51%	Compare
TSN Tyson Foods, Inc.	$18.6B	32.9×	18.3×	−0.12% (below 0%: shrinking)	+194.44% (above 0%: growing)	−34.29% (below 0%: shrinking)	6.64%	2.61%	Compare
CALM Cal-Maine Foods, Inc.	$3.0B	51.1×	19.7×	−41.51% (below 0%: shrinking)	n/m	−154.84% (below 0%: shrinking)	0.07%	(15.23%)	Compare
IBA Industrias Bachoco, S.A. de C.V.	$2.5B	11.9×	8.8×	+6.31% (above 0%: growing)	−53.24% (below 0%: shrinking)	+146.11% (above 0%: growing)	18.30%	9.63%	Compare
AGRO Adecoagro S.A.	$1.5B	30.4×	2.6×	+38.98% (above 0%: growing)	n/m	−5.56% (below 0%: shrinking)	32.92%	17.32%	Compare
DMC Del Monte Corporation	$1.4B	41.1×	17.0×	+3.10% (above 0%: growing)	−62.18% (below 0%: shrinking)	−70.03% (below 0%: shrinking)	9.95%	2.75%	Compare
DOLE Dole PLC	$1.3B	21.5×	10.2×	+2.92% (above 0%: growing)	+170.00% (above 0%: growing)	−218.11% (below 0%: shrinking)	7.81%	1.90%	Compare
VITL Vital Farms, Inc.	$367.1M	— (loss-making)	— (loss-making)	−10.14% (below 0%: shrinking)	n/m	−521.68% (below 0%: shrinking)	6.58%	(24.18%)	Compare
Median of peers	$2.0B	30.4×	14.5×	+3.01%	+32.95%	−52.16%	7.40%	2.68%

All 25 Farm Products stocks →

Archer Daniels Midland Company (ADM) key facts

Concern: Archer Daniels Midland Company’s revenue for fiscal 2025 (year ended December 2025) was $80.3 billion, down 6.15% from fiscal 2024.
Concern: Net income was $1.1 billion, or $2.23 per share (basic), a net margin of 1.34%.
Archer Daniels Midland Company (ADM) is a Farm Products company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, ADM traded at $82.61, a market capitalization of $40.0 billion.
At that price the stock trades at 22.6× trailing-twelve-month earnings and 0.5× sales; its P/E is higher than 90% of its own readings over the past ten years.
Archer Daniels Midland Company pays an annual dividend of $2.07 per share, a yield of 2.51%, with a payout ratio of 56.7%.
Return on equity was 4.80% and debt-to-equity 0.32.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.94 (grey zone) for fiscal 2025.