Archer Daniels Midland (ADM)
Consumer Staples · $40.1B market cap · SEC CIK 0000007084
fundamentals score out of 100
Next reports on Nov 2, 2026, before the open, with analysts expecting $1.58 in earnings per share.
The case for ADM
- Generated $4.2B of free cash flow in FY2025, 17% of revenue.
- Free cash flow of 10.5% of its market value a year: a lot of cash for the price.
- Earnings per share up 60.3%.
- A PEG of 0.38: a P/E of 22.7× is low for EPS growing 60%.
- Moves less than the market (beta 0.62).
- Pays a modest 2.4% dividend.
The case against
- Return on equity of only 8%.
- Revenue was flat on the year (-0.8%).
- Net margin of 2.2% leaves very little room for error.
- Long-term debt of $6.6B against $1.0B of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 80 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 58 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 35 |
| Momentumhow the price has behaved lately | 78 |
| Stabilityhow violently it moves, what it owes and what it pays you | 64 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 22.7× |
|---|---|
| Price / book | 1.56× |
| Price / sales | 0.5× |
| Revenue growth (YoY) | -0.8% |
| EPS growth (YoY) | +60.3% |
| Gross margin | 7% |
| Operating margin | 2% |
| Net margin | 2% |
| Return on equity | 8% |
| Debt / equity | 0.34× |
| Current ratio | 1.39 |
| Dividend yield | 2.42% |
| Beta | 0.62 |
| 52-week range | $55.58 – $88.75 |
| Position in that range | 81% of the way up |
| 3-month return | +11.0% |
| 1-year return | +35.2% |
Five years of financials, as filed
Pulled from Archer Daniels Midland's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $25.0B | $24.4B | $25.7B | $27.6B | $85.2B |
| Gross profit | $5.0B | $5.8B | $7.5B | $7.6B | $6.0B |
| Net income | $1.1B | $1.8B | $3.5B | $4.3B | $2.7B |
| Operating cash flow | $5.5B | $2.8B | $4.5B | $3.5B | $6.6B |
| Capital expenditure | $1.2B | $1.6B | $1.5B | $1.3B | $1.2B |
| Total assets | $52.4B | $53.3B | $54.6B | $59.8B | $56.1B |
| Cash | $1.0B | $611M | $1.4B | $1.0B | $943M |
| Long-term debt | $6.6B | $7.6B | $8.3B | $7.7B | $8.0B |
| Free cash flow | $4.2B | $1.2B | $3.0B | $2.2B | $5.4B |
| Gross margin | 20.2% | 23.7% | 29.2% | 27.4% | 7.0% |
| Net margin | 4.3% | 7.4% | 13.6% | 15.7% | 3.2% |
| Diluted shares | 484M | 493M | 542M | 563M | 566M |
Share count is down 14.5% over 4 years. Buybacks have been shrinking the pie.
What Archer Daniels Midland says it does
under the heading "Information about Our Executive Officers." The other information required by this Item is set forth in "Proposal No. 1 - Election of Directors for a One-Year Term," "Code of Conduct," "Information Concerning Committees and Meetings – Audit Committee," "Report of the Audit Committee," "Delinquent Section 16(a) Reports", if there are any such delinquencies to report, and " Insider Trading Policy " of the definitive proxy statement for the Company’s annual meeting of stockholders to be filed on or before April 30, 2026, and is incorporated herein by reference. Item 11. EXECUTIVE COMPENSATION The information required by this Item is set forth in "Compensation Discussion and Analysis," "Executive Compensation," "Compensation and Succession Committee Report," "Compensation and Succession Committee Interlocks and Insider Participation," and "Director Compensation" of the definitive proxy statement for the Company’s annual…
Risk factors ADM lists in its 10-K
- Year Ended December 31, 2025 Compared to Year Ended December 31, 2024
- Market Factors Influencing Operations and Results in the Twelve Months Ended December 31, 2025
- Federal Clean Fuel Production Credits and Federal Blenders’ and Producers’ Credits
- Other Business and Corporate Results
- Accounts Receivable Securitization Program
- Contractual Obligations and Commercial Commitments
- Fair Value Measurements - Inventories and Commodity Derivatives
- New Accounting Pronouncements Not Yet Adopted
- Net Earnings Including Non-controlling Interests
- Net Earnings Attributable to Controlling Interests
- Comprehensive income attributable to Archer-Daniels-Midland-Company
- Liabilities, Temporary Equity, and Shareholders’ Equity
- Total Liabilities, Temporary Equity, and Shareholders’ Equity
- Cash flows from operating activities