FirmAtlas
Company handbook · ADM · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
ADM · CIK 7084 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
ARCHER-DANIELS-MIDLAND CO
$82.61
−0.32 (−0.39%)
Close, Oct 16, 2026 · 52-week $56–89
Last fiscal year
ARCHER-DANIELS-MIDLAND CO reported revenue of $25.0B for the year ended Dec 31, 2025 (FY25), up 2.4% from FY24. Net income was $1.1B, operating cash flow $5.5B and free cash flow $4.2B. Source: 10-K filed Feb 17, 2026.
Market cap
$40.0B
P/E
22.6
P/B
1.7
Div yield
2.51%
Revenue 1Y
2.4%/yr
EPS 1Y
−38.9%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJuan Luciano
HQChicago, IL
AuditorErnst & Young LLP
Year endsDecember
Revenue by segment · FY25
Carbohydrate Solutions35%
Ag Servicesand Oilseeds35%
Nutrition31%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
7.0%
5.3%
3.5%
31.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$8.1B deployed
Capex
$2.8B
34.5%
Acquisitions
$1.0B
12.7%
Dividends
$2.0B
24.2%
Buybacks
$2.3B
28.6%
Operating cash flow over the period: $8.2B. Total debt changed by −$1.7B. R&D of $515M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
53,271
52,389−1.7%
53,527
Cash & short-term investments
3,924
5,505+40.3%
—
Accounts receivable
3,708
3,021−18.5%
—
Inventory
11,572
10,369−10.4%
—
Net PP&E
10,837
11,179+3.2%
—
Other assets
23,230
22,315−3.9%
—
Total liabilities
31,093
29,649−4.6%
29,947
Accounts payable
5,535
5,195−6.1%
—
Total debt
10,157
8,410−17.2%
6,858
Other liabilities
15,401
16,044+4.2%
—
Shareholders’ equity
22,178
22,740+2.5%
23,580
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,790
5,452+95.4%
2,795
Net income
1,779
1,073−39.7%
—
Depreciation & amortization
1,141
1,181+3.5%
—
Stock-based compensation
74
83+12.2%
—
Working capital & other
(204)
3,115n/m
—
Cash from investing
(2,702)
(1,017)n/m
—
Capex
(1,563)
(1,248)n/m
—
Acquisitions
(927)
(108)n/m
—
Investments bought
(308)
(43)n/m
—
Other investing
96
382+297.9%
—
Cash from financing
(1,530)
(2,887)n/m
—
Debt repaid
(1)
(772)n/m
—
Dividends
(985)
(987)n/m
—
Buybacks
(2,327)
0n/m
—
Shares issued
25
—
—
Other financing
1,758
(1,128)−164.2%
—
Net change in cash
(1,466)
1,581n/m
—
Free cash flow (OCF − capex)
1,227
4,204+242.6%
1,677
Where the cash went
Operating cash flow
2,790
5,452+95.4%
2,795
Reinvested in the business
2,490
1,356−45.5%
—
% of operating cash flow
89.2%
24.9%
Capex
1,563
1,248−20.2%
1,118
Acquisitions
927
108−88.3%
—
R&D (memo, already in costs)
269
246−8.6%
—
Free cash flow
1,227
4,204+242.6%
1,677
YoY
+242.6%
Returned to shareholders
3,312
987−70.2%
—
% of free cash flow
269.9%
23.5%
Dividends
985
987+0.2%
—
Buybacks
2,327
0−100.0%
—
Change in total debt
—
(1,747)
—
Cash left over
—
1,362
—
FCF conversion (FCF ÷ net income)
68.2%
390.0%+321.8 pp
—
Owner earnings
—
2,561
—
Owner earnings margin
—
10.3%
—
Buyback yield
9.3%
—
—
Returns & ratios
Debt / equity
0.46x
0.37x−0.09x
—
Cash conversion cycle (days)
174
139−35 d
—
ROE
8.1%
4.7%−3.4 pp
—
ROA
3.4%
2.1%−1.3 pp
—
Invested capital (operating)
20,582
19,374−5.9%
—
Invested capital (all)
28,411
25,645−9.7%
—
Debtor days
56
44−11 d
—
Inventory days
227
190−37 d
—
Days payable
109
95−13 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
6,416
6,053
6,139
6,386
vs year-ago quarter
Gross profit
1,270
1,213
1,222
1,935
Gross margin
19.8%
20.0%
19.9%
30.3%
Net income
108
456
298
908
vs year-ago quarter
Net margin
1.7%
7.5%
4.9%
14.2%
EPS (diluted, $)
0.22
0.94
0.62
1.87
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
51,918
52,389
55,598
53,527
Cash & equivalents
5,875
5,505
6,112
5,457
Total debt
6,855
8,410
8,176
6,858
Shareholders’ equity
22,502
22,740
22,811
23,580
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,809
(313)
150
1,149
Capex
296
356
194
272
Free cash flow
1,513
(669)
(44)
877
vs year-ago quarter