ADM
Archer-Daniels-Midland CompanyStock · Consumer StaplesS&P 500 Equal Weight 0.2% · S&P 500 0.06% · Russell 1000 0.05% · US Stock Market 0.05% · Russell 3000 0.05% · MSCI World 0.04% · MSCI ACWI 0.04%$86.72-0.22%
as of market close, Sep 11, 2026
☾ AH — —
ADM financial statements
The full income statement, balance sheet, and cash-flow statement for Archer-Daniels-Midland Company (ADM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 478.1M2024-09 478.5M2024-12 479.7M2025-03 480.5M2025-06 480.5M2025-09 480.6M2025-12 481.2M2026-03 482.0M2026-06 482.0M+0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 80.3B-6.2% | 85.5B+232.9% | 25.7B-6.9% | 27.6B-67.6% | 85.2B+32.5% | |
| 5.03B-12.9% | 5.78B-23.1% | 7.51B-0.8% | 7.57B+26.4% | 5.99B+34.4% | ||
| Cost of revenue | 75.2B-5.7% | 79.8B-7.7% | 86.4B-8.0% | 94.0B+18.6% | 79.3B+32.3% | |
| Research & development | 246M-8.6% | 269M+5.1% | 256M+18.5% | 216M+26.3% | 171M+6.9% | |
| Selling, general & administrative | 3.61B-2.6% | 3.71B+7.2% | 3.46B+2.9% | 3.36B+12.2% | 2.99B+11.4% | |
| Restructuring | 283M+988.5% | 26.0M-21.2% | 33.0M+13.8% | 29.0M-25.6% | 39.0M+50.0% | |
| Amortization of intangibles | 249M-6.4% | 266M+13.7% | 234M-0.4% | 235M+32.8% | 177M+2.3% | |
| Provision for credit losses | 27.0M+268.8% | -16.0M-366.7% | 6.00M-93.2% | 88.0M+175.0% | 32.0M-31.9% | |
| Interest expense | 612M-13.3% | 706M+9.1% | 647M+63.4% | 396M+49.4% | 265M-21.8% | |
| Other non-operating income | 150M-40.2% | 251M+42.6% | 176M-50.8% | 358M+280.9% | 94.0M-63.1% | |
| Equity-method income | 648M+4.3% | 621M+12.7% | 551M-33.8% | 832M+39.8% | 595M+2.8% | |
| Pre-tax income | 1.25B-44.3% | 2.25B-47.5% | 4.29B-17.9% | 5.23B+58.0% | 3.31B+75.9% | |
| Income tax | 182M-61.8% | 476M-42.5% | 828M-4.6% | 868M+50.2% | 578M+472.3% | |
| 1.08B-40.1% | 1.80B-48.3% | 3.48B-19.7% | 4.34B+60.2% | 2.71B+52.9% | ||
| Net income to non-controlling interest | -5.00M+76.2% | -21.0M-23.5% | -17.0M-168.0% | 25.0M-3.8% | 26.0M+160.0% | |
| $2.23-38.9% | $3.65-43.2% | $6.43-16.6% | $7.71+61.0% | $4.79+52.1% | ||
| EPS (basic) | $2.23-39.1% | $3.66-43.2% | $6.44-16.6% | $7.72+60.8% | $4.80+51.9% | |
| Weighted-avg shares (basic) | 484M-1.6% | 492M-9.1% | 541M-3.7% | 562M-0.4% | 564M+0.5% | |
| Weighted-avg shares (diluted) | 484M-1.8% | 493M-9.0% | 542M-3.7% | 563M-0.5% | 566M+0.2% | |
| Dividends per share | $2.04+2.0% | $2.00+11.1% | $1.80+12.5% | $1.60+8.1% | $1.48+2.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 26.7B-3.8% | 27.7B-6.9% | 29.8B-15.9% | 35.4B+11.0% | 31.9B+16.9% | ||
| Cash & equivalents | 1.01B+66.1% | 611M-55.3% | 1.37B+31.9% | 1.04B+10.0% | 943M+41.6% | |
| Accounts receivable | 3.02B-18.5% | 3.71B-12.4% | 4.23B-14.1% | 4.93B+48.8% | 3.31B+18.5% | |
| Inventory | 10.4B-10.4% | 11.6B-3.2% | 12.0B-19.1% | 14.8B+2.0% | 14.5B+23.6% | |
| Prepaid expenses | 321M+15.1% | 279M-37.3% | 445M+0.5% | 443M+19.7% | 370M+27.6% | |
| Other current assets | 3.80B-13.1% | 4.37B-12.3% | 4.98B-12.1% | 5.67B+9.8% | 5.16B-17.1% | |
| 52.4B-1.7% | 53.3B-2.5% | 54.6B-8.6% | 59.8B+6.5% | 56.1B+12.9% | ||
| Property, plant & equipment | 11.2B+3.2% | 10.8B+3.1% | 10.5B+5.8% | 9.93B+1.3% | 9.80B+0.2% | |
| Operating lease right-of-use | 1.32B-2.7% | 1.36B+12.1% | 1.21B+11.3% | 1.09B+6.4% | 1.02B-7.2% | |
| Goodwill | 4.77B+5.8% | 4.51B+9.9% | 4.10B-1.4% | 4.16B-0.5% | 4.18B+21.2% | |
| Intangible assets | 1.98B-12.6% | 2.26B+1.0% | 2.24B-6.0% | 2.38B-7.1% | 2.56B+20.2% | |
| Other non-current assets | 918M-30.1% | 1.31B+0.7% | 1.30B-2.1% | 1.33B-2.7% | 1.37B+29.9% | |
| Total non-current assets | 25.7B+0.7% | 25.6B | — | — | — | |
| 19.5B-2.0% | 19.9B+6.8% | 18.7B-22.9% | 24.2B+10.2% | 21.9B+20.7% | ||
| Accounts payable | 5.20B-6.1% | 5.54B-12.3% | 6.31B-19.1% | 7.80B+22.2% | 6.39B+42.8% | |
| Accrued liabilities | 1.03B-6.0% | 1.09B+4.5% | 1.04B-29.2% | 1.48B+14.1% | 1.29B+39.0% | |
| Deferred revenue | 333M-37.6% | 534M-14.7% | 626M-9.8% | 694M+19.4% | 581M-7.2% | |
| Short-term & current debt | 1.01B+49.3% | 674M+67300.0% | 1.00M-99.9% | 942M+65.3% | 570M+28400.0% | |
| Current lease liability | 303M-6.5% | 324M+8.0% | 300M+2.7% | 292M+5.4% | 277M+6.1% | |
| Other current liabilities | 3.31B-11.2% | 3.73B-8.5% | 4.08B-15.0% | 4.79B+0.1% | 4.79B-3.1% | |
| Long-term debt | 6.61B-12.8% | 7.58B-8.2% | 8.26B+6.8% | 7.74B-3.4% | 8.01B+1.6% | |
| Non-current lease liability | 1.04B-1.1% | 1.06B+13.5% | 931M+14.1% | 816M+6.7% | 765M-11.4% | |
| Operating lease liability (total) | 1.35B-2.4% | 1.38B+12.2% | 1.23B+11.1% | 1.11B+6.3% | 1.04B-7.3% | |
| Deferred tax liabilities | 1.14B-10.5% | 1.27B-3.1% | 1.31B-6.6% | 1.40B-0.7% | 1.41B+8.4% | |
| Other non-current liabilities | 1.04B+4.5% | 997M-0.8% | 1.00B-0.9% | 1.01B-17.8% | 1.23B-11.4% | |
| Total non-current liabilities | 9.83B-9.9% | 10.9B-5.2% | 11.5B+4.9% | 11.0B-4.0% | 11.4B-0.2% | |
| 22.7B+2.5% | 22.2B-8.1% | 24.1B-0.7% | 24.3B+8.0% | 22.5B+12.4% | ||
| Common stock | 3.28B+1.8% | 3.22B+2.2% | 3.15B+0.2% | 3.15B+5.1% | 2.99B+6.0% | |
| Retained earnings | 22.0B+0.2% | 21.9B-6.5% | 23.5B-0.8% | 23.6B+9.2% | 21.7B+9.5% | |
| Treasury stock | — | 2.30B-14.8% | 2.70B+58.8% | 1.70B+466.7% | 300M | |
| Accumulated other comprehensive income | -2.53B+15.3% | -2.99B-20.1% | -2.49B+0.9% | -2.51B-15.5% | -2.17B+16.6% | |
| Non-controlling interest | 7.00M-30.0% | 10.0M-23.1% | 13.0M-60.6% | 33.0M+6.5% | 31.0M+40.9% | |
| Total equity incl. non-controlling | 22.7B+2.5% | 22.2B-8.1% | 24.1B-0.7% | 24.3B+8.0% | 22.5B+12.4% | |
| Total liabilities & equity | 52.4B-1.7% | 53.3B-2.5% | 54.6B-8.6% | 59.8B+6.5% | 56.1B+12.9% | |
| Common shares outstanding | 480M+0.4% | 478M-6.8% | 513M-6.2% | 547M-2.3% | 560M+0.7% | |
| Shares outstanding (cover) | 481M+0.3% | 480M-5.9% | 510M-7.0% | 548M-2.5% | 562M+0.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.45B+95.4% | 2.79B-37.4% | 4.46B+28.2% | 3.48B-47.3% | 6.59B+376.4% | ||
| Depreciation & amortization | 1.18B+3.5% | 1.14B+7.7% | 1.06B+3.0% | 1.03B+3.2% | 996M+2.0% | |
| Intangible amortization | 249M-6.4% | 266M+13.7% | 234M-0.4% | 235M+32.8% | 177M+2.3% | |
| Share-based compensation | 83.0M+12.2% | 74.0M-33.9% | 112M-23.8% | 147M-8.7% | 161M+6.6% | |
| Deferred income taxes | -45.0M+65.4% | -130M-465.2% | -23.0M+74.2% | -89.0M+31.0% | -129M-272.0% | |
| Change in receivables | -855M-91.3% | -447M+39.3% | -737M-143.8% | 1.68B+191.0% | 578M+287.9% | |
| Change in inventory | -1.51B-832.7% | -162M+94.4% | -2.89B-1079.3% | 295M-89.6% | 2.84B+17.0% | |
| -1.02B+62.4% | -2.70B-80.6% | -1.50B-6.9% | -1.40B+47.5% | -2.67B-159.8% | ||
| Capital expenditure | 1.25B-20.2% | 1.56B+4.6% | 1.49B+13.3% | 1.32B+12.8% | 1.17B+42.0% | |
| Free cash flow | 4.20B+242.6% | 1.23B-58.6% | 2.97B+37.4% | 2.16B-60.2% | 5.43B+269.1% | |
| Acquisitions | 108M-88.3% | 927M+3930.4% | 23.0M+4.5% | 22.0M-98.6% | 1.56B+10326.7% | |
| Other investing activities | 6.00M-88.9% | 54.0M+38.5% | 39.0M+192.9% | -42.0M-153.8% | 78.0M+1214.3% | |
| -2.89B-88.7% | -1.53B+66.8% | -4.60B-84.2% | -2.50B-123.5% | -1.12B-164.3% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 501M-33.4% | 752M-43.4% | 1.33B-25.8% | |
| Long-term debt repaid | 772M+77100.0% | 1.00M-99.9% | 963M+99.8% | 482M-9.7% | 534M-75.0% | |
| Net short-term debt | -1.11B-161.9% | 1.80B+561.5% | -390M+8.9% | -428M+60.6% | -1.08B-229.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 2.33B-12.9% | 2.67B+84.3% | 1.45B | 0.00-100.0% | |
| Dividends paid | 987M+0.2% | 985M+0.8% | 977M+8.7% | 899M+7.8% | 834M+3.1% | |
| Other financing activities | -21.0M+41.7% | -36.0M+64.7% | -102M-1375.0% | 8.00M+33.3% | 6.00M-77.8% | |
| FX effect on cash | 33.0M+237.5% | -24.0M-700.0% | -3.00M | 0.00 | 0.00 | |
| Net change in cash | 1.58B+207.8% | -1.47B+10.8% | -1.64B-290.3% | -421M-115.0% | 2.81B+69.6% | |
| Interest paid | 629M-11.4% | 710M-0.1% | 711M+73.8% | 409M+48.2% | 276M-20.0% | |
| Income taxes paid | 389M-40.9% | 658M-11.3% | 742M+4.8% | 708M+28.0% | 553M+183.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 27.7B+14.2% | 24.2B-37.1% | 38.5B-24.5% | 51.0B+34.2% | 38.0B+35.0% | |
| P/E | 25.7×+90.6% | 13.5×+37.6% | 9.8×-21.3% | 12.4×-11.4% | 14.0×-11.7% | |
| P/S | 0.3×+21.6% | 0.3×-94.4% | 5.0×+874.6% | 0.5×+15.9% | 0.4×+1.9% | |
| P/B | 1.2×+11.3% | 1.1×-28.3% | 1.5×-28.2% | 2.1×+25.7% | 1.7×+20.1% | |
| P/FCF | 6.6×-66.7% | 19.8×-75.0% | 78.9×+332.4% | 18.3×+160.7% | 7.0× | |
| Earnings yield | 3.9%-47.5% | 7.4%-27.3% | 10.2%+27.1% | 8.0%+12.8% | 7.1%+13.3% | |
| FCF yield | 15.2%+200.1% | 5.1%+299.7% | 1.3%-76.9% | 5.5%-61.6% | 14.3% | |
| Dividend yield | 3.5%-10.4% | 4.0%+58.8% | 2.5%+44.6% | 1.7%-21.3% | 2.2%-23.3% | |
| Source filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
About this data
Source: ADM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ADM filings on SEC EDGAR → Not investment advice.