Archer-Daniels-Midland Company provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds; Carbohydrate Solutions; and Nutrition. The company engages in the origination, merchandising, transportation, and storage of agricultural raw materials, as well as the crushing and processing of oilseeds, including soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed; produces and markets vegetable oils and oilseed protein meals used by food, feed, energy, and industrial customers; sale of crude and partially refined vegetable oils; supplies peanuts and peanut-derived ingredients; and manufactures cotton cellulose pulp. It is also involved in the grain sourcing, handling, and multimodal transportation network supporting import, export, and distribution activities; structured trade finance activities; corn and wheat wet and dry milling and related processing activities; production of distillers' grains, corn gluten feed, and corn gluten meal for use as animal feed ingredients; and carbon capture and sequestration and other emissions-reduction initiatives. In addition, the company engages in the creation, manufacturing, sale, and distribution of an array of ingredients and solutions comprising plant-based proteins, flavors and colors derived from nature, flavor systems, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, and other specialty food and feed ingredients and systems. Further, it is involved in the derivatives and commodity exchanges and clearing houses; and insurance coverage for certain property, casualty, marine, medical, and other miscellaneous risks. The company was founded in 1902 and is based in Chicago, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $80.3B | $3.0B | $1.1B | $4.2B | 4.7% | -6.2% | -40.1% |
| 2024 | $85.5B | $4.1B | $1.8B | $1.2B | 8.1% | -8.9% | -48.3% |
| 2023 | $93.9B | $6.0B | $3.5B | $3.0B | 14.4% | -7.5% | -19.7% |
| 2022 | $101.6B | $6.7B | $4.3B | $2.2B | 17.9% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 101,556 | 93,935 | 85,530 | 80,269 |
| Cost Of Revenue | - | 93,986 | 86,422 | 79,752 | 75,236 |
| Gross Profit | - | 7,570 | 7,513 | 5,778 | 5,033 |
| Operating Expense | - | 3,358 | 3,456 | 3,706 | 3,609 |
| Operating Income | - | 4,212 | 4,057 | 2,072 | 1,424 |
| EBITDA | - | 6,657 | 6,000 | 4,102 | 3,048 |
| EBIT | - | 5,629 | 4,941 | 2,961 | 1,867 |
| Pretax Income | - | 5,233 | 4,294 | 2,255 | 1,255 |
| Tax Provision | - | 868 | 828 | 476 | 182 |
| Net Income | - | 4,340 | 3,483 | 1,800 | 1,078 |
| Net Income Common Stockholders | - | 4,340 | 3,483 | 1,800 | 1,078 |
| Total Expenses | - | 97,344 | 89,878 | 83,458 | 78,845 |
| Interest Expense | - | 396 | 647 | 706 | 612 |
| Interest Income | - | 293 | 499 | 562 | 118 |
| Selling General And Administration | - | 3,358 | 3,456 | 3,706 | 3,609 |
| Normalized EBITDA | - | 6,645 | 6,304 | 4,620 | 3,444 |
| Normalized Income | - | 4,329.99 | 3,728.38 | 2,208.70 | 1,416.58 |
| Market Cap | 33,361.60 | 33,361.60 | 33,361.60 | 33,361.60 | 33,361.60 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Companythis co. | ADM | $33.2B | 30.95β premium | 1.47 | 4.7% | 13.81 |
| Coca-Cola Europacific Partners PLC | CCEP | $44.7B | 22.49 | 5.57 | 24.8% | 14.19 |
| The Kroger Co. | KR | $44.1B | 41.88 | 7.18 | 17.1% | 11.10 |
| The Hershey Company | HSY | $37.9B | 43.94 | 8.37 | 19.0% | 22.46 |
| Sysco Corporation | SYY |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $37.4B |
| 20.06 |
| 20.04 |
| 99.9% |
| 12.11 |
| Kenvue Inc. | KVUE | $33.8B | 22.84 | 3.12 | 13.7% | 13.79 |
| Kimberly-Clark Corporation | KMB | $32.5B | 16.07 | 21.62 | 134.6% | 12.56 |
| Church & Dwight Co., Inc. | CHD | $23.0B | 30.55 | 5.62 | 18.4% | 18.70 |
| Tyson Foods, Inc. | TSN | $22.1B | 47.56 | 1.25 | 2.6% | 11.69 |
| Peer Median | - | 26.70 | 6.40 | 18.7% | 13.18 | |