Archer-Daniels-Midland Company (ADM) Financial Statements

Archer-Daniels-Midland Company

ADM · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$24.96B	$24.37B	$25.69B	$27.61B	$85.25B	$64.36B	$64.66B	$64.34B
Cost of Revenue	$75.24B	$79.75B	$86.42B	$93.99B	$79.26B	$59.90B	$60.51B	$60.16B
Gross Profit	$5.03B	$5.78B	$7.51B	$7.57B	$5.99B	$4.45B	$4.15B	$4.18B
Research & Development	$246.00M	$269.00M	$256.00M	$216.00M	$171.00M	$160.00M	$154.00M	$141.00M
Selling, General & Administrative	$3.61B	$3.71B	$3.46B	$3.36B	$2.99B	$2.69B	$2.49B	$2.17B
Interest Expense	$612.00M	$706.00M	$647.00M	$396.00M	$265.00M	$339.00M	$402.00M	$364.00M
Other Income / (Expense)	$150.00M	$251.00M	$176.00M	$358.00M	$94.00M	$255.00M	-$7.00M	-$101.00M
Income Before Taxes	$1.25B	$2.25B	$4.29B	$5.23B	$3.31B	$1.88B	$1.59B	$2.06B
Provision for Income Taxes	$182.00M	$476.00M	$828.00M	$868.00M	$578.00M	$101.00M	$209.00M	$245.00M
Net Income	$1.08B	$1.80B	$3.48B	$4.34B	$2.71B	$1.77B	$1.38B	$1.81B
Basic EPS	$2.23	$3.66	$6.44	$7.72	$4.80	$3.16	$2.45	$3.21
Diluted EPS	$2.23	$3.65	$6.43	$7.71	$4.79	$3.15	$2.44	$3.19
Basic Shares Outstanding	484.00M	492.00M	541.00M	562.00M	564.00M	561.00M	563.00M	564.00M
Diluted Shares Outstanding	484.00M	493.00M	542.00M	563.00M	566.00M	565.00M	565.00M	567.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$5.21	$5.21	$5.21	1	↑0 ↓0
Dec 2027	$5.10	$4.60	$5.57	4	↑2 ↓0
Dec 2028	$5.05	$4.84	$5.26	3	↑1 ↓0
Dec 2029	$5.03	$5.03	$5.03	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: ADM
Type: Stock
Sector: Consumer Staples
Industry: Packaged Foods
Country: North America
Exchange: NYSE

ADM unlocks the power of nature to enrich the quality of life. We're an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We're a premier human and animal nutrition provider, offering one of the industry's broadest portfolios of ingredients and solutions from nature. We're a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We're a cutting-edge innovator, guiding the way to a future of new bio-based consumer and industrial solutions. And we're leading in business-driven sustainability efforts that support a strong agricultural sector, resilient supply chains, and a vast and growing bioeconomy. Around the globe, our expertise and innovation are meeting critical needs from harvest to home.

Key Issues

Bullish view

The second quarter delivered an earnings surprise of 29.58%, with adjusted earnings nearly doubling as oilseeds, ethanol and Nutrition improved. ADM also raised its 2026 outlook, supporting the case that the recovery extends beyond one quarter.

Bearish view

The evidence identifies a single strong quarter but does not establish that gains in crushing, ethanol and Nutrition will persist. The company’s FY2025 net income was already below FY2024, leaving room for skepticism about earnings durability.

Analyst Consensus

See all

Underperform

15 analysts

$79

Current

—

Low

$77

Average

—

High

Average target implies -2.31% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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