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ADM

Archer-Daniels-Midland Company

ADM

Archer-Daniels-Midland Company • NYSE
$60.74 ▲ 0.31% (+0.19)
Market Cap $29.19 B
52w High $65.00
52w Low $40.98
Dividend Yield 2.04%
P/E 24.69
Volume 1.12M
Outstanding Shares 480.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $20.372B ▼ $873M ▼ $108M ▼ 0.53% ▼ $0.22 ▼ $564M ▼
Q2-2025 $21.188B ▲ $895M ▼ $219M ▼ 1.034% ▼ $0.45 ▼ $729M ▼
Q1-2025 $20.175B ▼ $932M ▼ $295M ▼ 1.462% ▼ $0.61 ▼ $798M ▼
Q4-2024 $21.498B ▲ $943M ▲ $567M ▲ 2.637% ▲ $1.19 ▲ $1.133B ▲
Q3-2024 $19.937B $905M $18M 0.09% $0.037 $570M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.875B ▲ $51.918B ▼ $29.166B ▼ $22.494B ▲
Q2-2025 $1.066B ▲ $51.996B ▼ $29.309B ▼ $22.43B ▲
Q1-2025 $897M ▲ $53.402B ▲ $31.02B ▲ $22.119B ▼
Q4-2024 $857M ▲ $53.271B ▲ $30.84B ▲ $22.168B ▲
Q3-2024 $784M $52.199B $29.932B $21.974B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $110M ▼ $1.809B ▼ $-253M ▲ $-1.618B ▲ $-69M ▼ $1.513B ▼
Q2-2025 $217M ▼ $4.298B ▲ $-262M ▼ $-2.166B ▼ $1.888B ▲ $3.993B ▲
Q1-2025 $292M ▼ $-342M ▼ $-129M ▲ $587M ▲ $132M ▲ $-633M ▼
Q4-2024 $567M ▲ $322M ▼ $-700M ▼ $-65M ▲ $-473M ▼ $-170M ▼
Q3-2024 $18M $1.3B $-390M $-804M $126M $919M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Ag Services and Oilseeds
Ag Services and Oilseeds
 $16.88Bn ▲$15.68Bn ▼$16.27Bn ▲$15.61Bn ▼
Carbohydrate Solutions
Carbohydrate Solutions
 $2.75Bn ▲$2.57Bn ▼$2.79Bn ▲$2.73Bn ▼
Nutrition
Nutrition
 $1.77Bn ▲$1.82Bn ▲$1.99Bn ▲$1.92Bn ▼

Five-Year Company Overview

Income Statement

Income Statement ADM’s recent results show a business coming off an unusually strong period back toward more normal profitability. Sales have eased from their recent peak, and profit margins have narrowed meaningfully, reflecting a less favorable commodity environment and tougher comparisons to boom years. Even so, the company remains clearly profitable at every level, with solid operating earnings and net income rather than losses. The overall picture is of a cyclical, commodity-linked income statement that is still healthy but currently in a down phase versus the exceptional highs of a few years ago.

Balance Sheet

Balance Sheet ADM’s balance sheet looks solid and typical for a large, asset-heavy agricultural player. Total assets have edged down from their peak but remain substantial, and shareholders’ equity has generally trended upward over the past five years, indicating value build over time. Debt levels are material but not extreme, sitting in a range that suggests meaningful leverage but not obvious financial strain. Cash on hand is modest, so the company relies on ongoing cash generation and access to funding, yet there are no clear signs of balance sheet stress based on the multi‑year trend.

Cash Flow

Cash Flow Cash generation has been quite volatile, which is normal for a company deeply tied to crop cycles and commodity inventories. Operating cash flow swung sharply in 2020, then turned very strong in 2021 and remained healthy in 2022 and 2023 before moderating in 2024. Free cash flow has been positive in most years after covering rising investment in facilities and technology, which signals that ADM can generally fund its growth internally. The key pattern is that, while year‑to‑year swings can be large, the underlying cash engine appears resilient over the cycle.

Competitive Edge

Competitive Edge ADM holds a powerful competitive position built on scale, logistics, and diversification. Its vast global network of grain handling, storage, processing plants, and transportation assets is extremely difficult and expensive for rivals to replicate, creating a strong barrier to entry. The company’s presence across many countries, crops, and end markets helps cushion the impact of local disruptions or price swings in any single commodity. At the same time, its heavy exposure to global trade flows, regulations, and weather‑driven crop volatility means that even a strong moat does not fully shield earnings from shocks; it mainly helps ADM ride them out better than smaller competitors.

Innovation and R&D

Innovation and R&D ADM is actively shifting from being just a bulk commodity processor toward a more technology‑ and science‑driven ingredients and solutions provider. It is investing in digital supply chain tools, sustainability and regenerative agriculture programs, and value‑added areas like plant‑based proteins, health and wellness ingredients, specialty flavors, and bio‑based chemicals. Customer co‑development centers and technical expertise help ADM move closer to consumer trends and capture higher-margin niches. The opportunity is to gradually raise the quality and stability of earnings, but success depends on continued execution, market adoption, and staying ahead of both traditional peers and new food‑tech competitors.

Summary

Overall, ADM appears to be a financially solid, globally entrenched agribusiness that is currently normalizing after a period of unusually strong profits. The company combines a durable asset base and strong logistics network with a growing portfolio of higher‑value nutrition and specialty products. Financial statements show cyclicality in revenue, margins, and cash flow, but not signs of structural weakness. The main story going forward is whether ADM can steadily increase the share of its business coming from innovative, sustainable, and health‑focused solutions, which could make its results less dependent on commodity booms while leveraging its existing scale and infrastructure.

NEWS

November 24, 2025 · 4:31 PM UTC

ADM to Present at 2025 Goldman Sachs Industrials & Materials Conference

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November 10, 2025 · 10:00 AM UTC

ADM, Tallgrass Celebrate Opening of World's Largest Bioethanol Carbon Capture Facility in Columbus, Nebraska

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November 6, 2025 · 9:00 AM UTC

ADM Declares Cash Dividend

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November 4, 2025 · 6:00 AM UTC

ADM Reports Third Quarter 2025 Results

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November 4, 2025 · 4:21 AM UTC

Omdia: Abu Dhabi Media and STARZPLAY Partnership Highlights Growing Broadcaster Collaboration in MENA

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