Valuation, from the filing
| Public float | $25.20B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $52.37 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 23.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
23.4× earnings today, against a median of 14.3× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $25.20B | 23.4× | |
| 2024-06-28 | $28.80B | 16.0× | |
| 2023-06-30 | $40.30B | 11.6× | |
| 2022-06-30 | $43.20B | 10.0× | |
| 2021-06-30 | $33.70B | 12.4× | |
| 2020-06-30 | $22.00B | 12.4× | |
| 2019-06-28 | $22.70B | 16.5× | |
| 2018-06-30 | $25.50B | 14.1× | |
| 2017-06-30 | $23.20B | 14.5× | |
| 2016-06-30 | $24.40B | 19.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
Archer-Daniels-Midland Co (ADM) reported revenue of $82.10B and net income of $1.77B for the fiscal year ended 2026-06-30. This page shows 1 annual period 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 | 2026-06-30 |
|---|---|
| Revenue | $82.10B |
| Cost of revenue | $76.46B |
| Gross profit | $5.64B |
| Operating income | Unavailable |
| Net income | $1.77B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $2.10B |
| Income tax expense | $316.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $3.75B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $1.06B |
| Total assets | $53.53B |
| Current assets | $27.80B |
| Total liabilities | Unavailable |
| Current liabilities | $20.01B |
| Total equity incl. NCI | $23.58B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $10.59B |
| Accounts receivable | $3.35B |
| Goodwill | $4.65B |
| Long-term debt | $6.45B |
| Accounts payable | $4.99B |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $2.80B |
| Capital expenditures | $1.12B |
| Investing cash flow | -$999.00M |
| Financing cash flow | -$2.26B |
| Net change in cash | -$487.00M |
| Stock-based compensation | $149.00M |
| Common dividends paid | $1.00B |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $1.19B |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $1.68B |
| Gross margin | 6.9% |
| Operating margin | Unavailable |
| FCF margin | 2.0% |
| SBC / revenue | 0.2% |
| Current ratio | 1.39x |
| Revenue YoY growth | -0.8% |
| Net margin | 2.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 1.4% |
| Long-term debt / equity | 0.27x |
| Effective tax rate | 15.1% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.