Revenue
$80.27B
Fiscal year ended 2025-12-31Operating income
Unavailable
Fiscal year ended 2025-12-31Free cash flow
$4.20B
Fiscal year ended 2025-12-31Archer-Daniels-Midland Co (ADM) reported revenue of $80.27B and net income of $1.08B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Archer-Daniels-Midland Co’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Fats & Oils.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $80.27B | $85.53B | $93.94B | $101.56B | $85.25B | $64.36B | $64.66B | $64.34B | $60.83B | $62.35B |
| Cost of revenue | $75.24B | $79.75B | $86.42B | $93.99B | $79.26B | $59.90B | $60.51B | $60.16B | $57.31B | $58.73B |
| Gross profit | $5.03B | $5.78B | $7.51B | $7.57B | $5.99B | $4.45B | $4.15B | $4.18B | $3.52B | $3.62B |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $1.08B | $1.80B | $3.48B | $4.34B | $2.71B | $1.77B | $1.38B | $1.81B | $1.60B | $1.28B |
| Research & development | $246.00M | $269.00M | $256.00M | $216.00M | $171.00M | $160.00M | $154.00M | $141.00M | $129.00M | $123.00M |
| Weighted-average diluted shares | shares 484.00M | shares 493.00M | shares 542.00M | shares 563.00M | shares 566.00M | shares 565.00M | shares 565.00M | shares 567.00M | shares 572.00M | shares 591.00M |
| Pretax income | $1.26B | $2.26B | $4.29B | $5.23B | $3.31B | $1.88B | $1.59B | $2.06B | $1.61B | $1.82B |
| Income tax expense | $182.00M | $476.00M | $828.00M | $868.00M | $578.00M | $101.00M | $209.00M | $245.00M | $7.00M | $534.00M |
| Diluted EPS | $2.23 | $3.65 | $6.43 | $7.71 | $4.79 | $3.15 | $2.44 | $3.19 | $2.79 | $2.16 |
| Selling, general & administrative | $3.61B | $3.71B | $3.46B | $3.36B | $2.99B | $2.69B | $2.49B | $2.16B | $1.98B | $1.98B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.02B | $611.00M | $1.37B | $1.04B | $943.00M | $666.00M | $852.00M | $2.00B | $804.00M | $619.00M |
| Total assets | $52.39B | $53.27B | $54.63B | $59.77B | $56.14B | $49.72B | $44.00B | $40.83B | $39.96B | $39.77B |
| Current assets | $26.66B | $27.72B | $29.77B | $35.41B | $31.91B | $27.29B | $21.35B | $20.59B | $19.92B | $21.04B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $19.53B | $19.94B | $18.66B | $24.19B | $21.95B | $18.18B | $13.73B | $11.78B | $12.57B | $13.17B |
| Total equity incl. NCI | $22.74B | $22.18B | $24.14B | $24.32B | $22.51B | $20.02B | $19.22B | $19.00B | $18.32B | $17.18B |
| Temporary (mezzanine) equity | $287.00M | $253.00M | $320.00M | $299.00M | $259.00M | $74.00M | $58.00M | $49.00M | $53.00M | $24.00M |
| Inventory | $10.37B | $11.57B | $11.96B | $14.77B | $14.48B | $11.71B | $9.17B | $8.81B | $9.17B | $8.83B |
| Accounts receivable | $3.02B | $3.71B | $4.23B | $4.93B | $3.31B | $2.79B | $2.27B | $2.23B | $1.95B | $1.90B |
| Goodwill | $4.77B | $4.51B | $4.10B | $4.16B | $4.18B | $3.45B | $3.38B | $2.50B | $2.37B | $2.25B |
| Long-term debt | $6.61B | $7.58B | $8.26B | $7.74B | $8.01B | $7.88B | $7.67B | $7.70B | $6.62B | $6.50B |
| Accounts payable | $5.20B | $5.54B | $6.31B | $7.80B | $6.39B | $4.47B | $3.75B | $3.54B | $3.89B | $3.61B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.45B | $2.79B | $4.46B | $3.48B | $6.60B | -$2.39B | -$5.45B | -$4.78B | -$5.97B | -$6.51B |
| Capital expenditures | $1.25B | $1.56B | $1.49B | $1.32B | $1.17B | $823.00M | $828.00M | $842.00M | $1.05B | $882.00M |
| Investing cash flow | -$1.02B | -$2.70B | -$1.50B | -$1.40B | -$2.67B | $4.46B | $5.26B | $6.58B | $7.29B | $6.85B |
| Financing cash flow | -$2.89B | -$1.53B | -$4.60B | -$2.50B | -$1.12B | -$423.00M | -$660.00M | $187.00M | -$1.03B | -$579.00M |
| Net change in cash | $1.58B | -$1.47B | -$1.64B | -$421.00M | $2.81B | $1.66B | -$853.00M | $1.98B | $297.00M | Unavailable |
| Stock-based compensation | $83.00M | $74.00M | $112.00M | $147.00M | $161.00M | $151.00M | $89.00M | $109.00M | $66.00M | $74.00M |
| Common dividends paid | $987.00M | $985.00M | $977.00M | $899.00M | $834.00M | $809.00M | $789.00M | $758.00M | $730.00M | $701.00M |
| Common share repurchases | $0 | $2.33B | $2.67B | $1.45B | $0 | $133.00M | $150.00M | $77.00M | $750.00M | $1.00B |
| Depreciation & amortization | $1.18B | $1.14B | $1.06B | $1.03B | $996.00M | $976.00M | $993.00M | $941.00M | $924.00M | $900.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $4.20B | $1.23B | $2.97B | $2.16B | $5.43B | -$3.21B | -$6.28B | -$5.63B | -$7.02B | -$7.39B |
| Gross margin | 6.3% | 6.8% | 8.0% | 7.5% | 7.0% | 6.9% | 6.4% | 6.5% | 5.8% | 5.8% |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | 5.2% | 1.4% | 3.2% | 2.1% | 6.4% | -5.0% | -9.7% | -8.7% | -11.5% | -11.9% |
| SBC / revenue | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% | 0.2% | 0.1% | 0.1% |
| Current ratio | 1.37x | 1.39x | 1.60x | 1.46x | 1.45x | 1.50x | 1.55x | 1.75x | 1.59x | 1.60x |
| Revenue YoY growth | -6.2% | -8.9% | -7.5% | 19.1% | 32.5% | -0.5% | 0.5% | 5.8% | -2.4% | Unavailable |
| Net margin | 1.3% | 2.1% | 3.7% | 4.3% | 3.2% | 2.8% | 2.1% | 2.8% | 2.6% | 2.1% |
| R&D / revenue | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| CapEx / revenue | 1.6% | 1.8% | 1.6% | 1.3% | 1.4% | 1.3% | 1.3% | 1.3% | 1.7% | 1.4% |
| Long-term debt / equity | 0.29x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 14.5% | 21.1% | 19.3% | 16.6% | 17.4% | 5.4% | 13.2% | 11.9% | 0.4% | 29.3% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ADM in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-06View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.