NYSE · Financial Statements

Archer-Daniels-Midland Company (ADM) Financial Statements

$80.14 NYSE: ADM Market Cap $38.62B

Archer-Daniels-Midland Company most recently reported annual revenue of $80.3B, net profit of $1.1B. Revenue grew at an average annual rate of 4.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Archer-Daniels-Midland Company: Revenue rose from $62.3B in 2016 to $80.3B in 2025, a change of +28.7% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 2.6% to 1.8%, a shift of -0.9 percentage points; the most recent year shows net profit of $1.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$62.3B$60.8B$64.3B$64.7B$64.4B$85.2B$101.6B$93.9B$85.5B$80.3B
Operating Expenses$60.7B$59.3B$62.3B$63.0B$62.6B$82.3B$97.3B$89.9B$83.5B$78.8B
Operating Profit$1.6B$1.5B$2.0B$1.7B$1.8B$3.0B$4.2B$4.1B$2.1B$1.4B
Operating Margin2.6%2.5%3.1%2.6%2.7%3.5%4.2%4.3%2.4%1.8%
Other Income$185.0M$69.0M$44.0M$-66.0M$117.0M$320.0M$1.0B$237.0M$183.0M$-169.0M
Interest$291.0M$331.0M$365.0M$403.0M$320.0M$284.0M$405.0M$653.0M$706.0M$612.0M
Depreciation$900.0M$924.0M$941.0M$993.0M$976.0M$996.0M$1.0B$1.1B$1.1B$1.2B
Profit Before Tax$1.8B$1.6B$2.1B$1.6B$1.9B$3.3B$5.2B$4.3B$2.3B$1.3B
Tax$29.3M$440,000$11.9M$13.2M$5.4M$17.4M$16.6M$19.3M$21.1M$14.5M
Net Profit$1.3B$1.6B$1.8B$1.4B$1.8B$2.7B$4.3B$3.5B$1.8B$1.1B
EPS$2.16$2.79$3.19$2.44$3.15$4.79$7.71$6.43$3.65$2.23
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$21.7B$23.0B$21.8B$22.2B$19.9B$21.5B$20.2B$21.2B$20.4B$18.6B$20.5B$22.7B
Operating Expenses$20.7B$22.2B$21.1B$21.8B$19.5B$21.1B$19.9B$21.1B$20.0B$18.2B$20.1B$21.8B
Operating Profit$995.0M$821.0M$708.0M$489.0M$460.0M$415.0M$248.0M$100.0M$397.0M$320.0M$408.0M$896.0M
Operating Margin4.6%3.6%3.2%2.2%2.3%1.9%1.2%0.5%1.9%1.7%2.0%4.0%
Interest$155.0M$165.0M$166.0M$187.0M$174.0M$179.0M$158.0M$159.0M$153.0M$142.0M$149.0M$148.0M
Profit Before Tax$1.0B$734.0M$885.0M$596.0M$108.0M$667.0M$353.0M$279.0M$147.0M$476.0M$384.0M$1.1B
Tax$20.1M$26.2M$18.8M$19.3M$83.3M$15.9M$17.3M$22.2M$25.2M$4.6M$21.1M$16.2M
Net Profit$821.0M$565.0M$729.0M$486.0M$18.0M$567.0M$295.0M$219.0M$108.0M$456.0M$298.0M$908.0M
EPS$1.52$1.06$1.42$0.98$0.04$1.17$0.61$0.45$0.22$0.94$0.62$1.87

Over the 10 years reported for Archer-Daniels-Midland Company, borrowings increased from $6.9B in 2016 to $9.8B in 2025, cash stood at $1.0B in the latest year, shareholders' equity was $3.3B, current assets covered current liabilities 1.37 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$39.8B$40.0B$40.8B$44.0B$49.7B$56.1B$59.8B$54.6B$53.3B$52.4B
Current Assets$21.0B$19.9B$20.6B$21.3B$27.3B$31.9B$35.4B$29.8B$27.7B$26.7B
Cash$619.0M$804.0M$2.0B$852.0M$666.0M$943.0M$1.0B$1.4B$611.0M$1.0B
Inventory$8.8B$9.2B$8.8B$9.2B$11.7B$14.5B$14.8B$12.0B$11.6B$10.4B
Receivables$4.4B$3.8B$3.8B$5.2B$5.0B$5.8B$7.6B$6.5B$6.0B$4.8B
Fixed Assets$9.8B$10.1B$10.0B$11.1B$10.9B$10.8B$11.0B$11.7B$12.2B$12.5B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$5.0B$5.2B$5.3B$5.1B$4.9B$5.3B$5.5B$5.5B$5.5B$5.6B
Other Assets$2.2B$2.4B$2.5B$3.4B$3.5B$4.2B$4.2B$4.1B$4.5B$4.8B
Total Liabilities$22.6B$21.6B$21.8B$24.7B$29.6B$33.4B$35.2B$30.2B$30.8B$29.4B
Current Liabilities$13.2B$12.6B$11.8B$13.7B$18.2B$21.9B$24.2B$18.7B$19.9B$19.5B
Borrowings$6.9B$7.5B$8.4B$9.9B$11.1B$10.6B$10.3B$9.6B$11.5B$9.8B
Other Liabilities$15.6B$14.1B$13.4B$14.8B$18.6B$22.8B$24.9B$20.6B$19.3B$19.6B
Equity$2.3B$2.4B$2.6B$2.7B$2.8B$3.0B$3.1B$3.2B$3.2B$3.3B
Reserves$17.2B$18.3B$19.0B$19.2B$20.0B$22.5B$24.3B$24.1B$22.2B$22.7B

For Archer-Daniels-Midland Company, operating cash flow was positive in 7 of 10 reported years; free cash flow in the latest year was $4.2B; free cash flow was positive in 7 of 10 years; financing activities used $25.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.5B$2.2B$-4.8B$-5.5B$-2.4B$6.6B$3.5B$4.5B$2.8B$5.5B
Investing Cash Flow$-2.1B$-1.9B$5.7B$4.4B$3.6B$-3.8B$-2.7B$-3.0B$-4.3B$-2.3B
Financing Cash Flow$-966.0M$-680.0M$-44.0M$-172.0M$-106.0M$6.0M$-1.4B$-2.8B$-2.4B$-25.0M
Net Cash Flow$-315.0M$297.0M$2.0B$-853.0M$1.7B$2.8B$-421.0M$-1.6B$-1.5B$1.6B
Free Cash Flow$593.0M$1.2B$-5.6B$-6.3B$-3.2B$5.4B$2.2B$3.0B$1.2B$4.2B

Valuation & Return Ratios

MetricValue
PEG Ratio0.37
EV / EBITDA8.63
FCF Yield4.38%
Quick Ratio0.86
Interest Coverage3.41
Return 1Y32.02%
Return 3Y27.60%
Return 5Y43.02%

Archer-Daniels-Midland Company (ADM) financials — frequently asked questions

What is Archer-Daniels-Midland Company's annual revenue?

Archer-Daniels-Midland Company (ADM) reported annual revenue of $80.3B in its most recent fiscal year.

What is Archer-Daniels-Midland Company's net profit?

Archer-Daniels-Midland Company (ADM) reported net profit of $1.1B in its most recent fiscal year.

What is ADM EV/EBITDA?

Archer-Daniels-Midland Company's enterprise value to EBITDA (EV/EBITDA) ratio is 8.63.

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