ADM
Archer-Daniels-Midland Company
NYSE: ADM · CONSUMER DEFENSIVE · FARM PRODUCTS
$74.27
+2.02% today
Updated 2026-04-29
Market cap
$35.79B
P/E ratio
33.30
P/S ratio
0.45x
EPS (TTM)
$2.23
Dividend yield
2.80%
52W range
$46 – $75
Volume
3.8M
Archer-Daniels-Midland Company (ADM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.02B | $69.82B | $69.21B | $61.68B | $80.68B | $80.68B | $89.04B | $89.80B | $81.20B | $67.70B | $62.35B | $60.83B | $64.34B | $64.66B | $64.36B | $85.25B | $101.56B | $93.94B | $85.53B | $80.27B |
| Revenue growth (YoY) | — | +58.6% | -0.9% | -10.9% | +30.8% | +0.0% | +10.4% | +0.9% | -9.6% | -16.6% | -7.9% | -2.4% | +5.8% | +0.5% | -0.5% | +32.5% | +19.1% | -7.5% | -8.9% | -6.2% |
| Cost of revenue | $40.78B | $65.97B | $65.12B | $57.84B | $76.38B | $76.38B | $85.37B | $85.92B | $76.43B | $63.74B | $58.73B | $57.31B | $60.16B | $60.51B | $59.90B | $79.26B | $93.99B | $86.42B | $79.75B | $75.24B |
| Gross profit | $3.24B | $3.84B | $4.09B | $3.84B | $4.30B | $4.30B | $3.67B | $3.89B | $4.77B | $3.97B | $3.62B | $3.52B | $4.18B | $4.15B | $4.45B | $5.99B | $7.57B | $7.51B | $5.78B | $5.03B |
| Gross margin | 7.4% | 5.5% | 5.9% | 6.2% | 5.3% | 5.3% | 4.1% | 4.3% | 5.9% | 5.9% | 5.8% | 5.8% | 6.5% | 6.4% | 6.9% | 7.0% | 7.5% | 8.0% | 6.8% | 6.3% |
| R&D | $45.00M | $49.00M | $50.00M | $56.00M | $60.00M | $56.00M | $28.00M | $59.00M | $79.00M | $122.00M | $123.00M | $129.00M | $141.00M | $154.00M | $160.00M | $171.00M | $216.00M | $256.00M | $269.00M | — |
| SG&A | $1.19B | $1.20B | $1.42B | $1.41B | $1.61B | $1.61B | $1.61B | $1.76B | $1.91B | $2.01B | $2.04B | $1.99B | $2.17B | $2.49B | $2.69B | $2.99B | $3.31B | $3.46B | $3.71B | $3.61B |
| Operating income | $2.04B | $2.42B | $2.68B | $2.44B | $2.69B | $3.37B | $1.76B | $2.13B | $2.83B | $1.98B | $1.64B | $1.54B | $2.02B | $1.65B | $1.77B | $2.99B | $4.21B | $4.06B | $2.07B | $1.42B |
| Operating margin | 4.6% | 3.5% | 3.9% | 4.0% | 3.3% | 4.2% | 2.0% | 2.4% | 3.5% | 2.9% | 2.6% | 2.5% | 3.1% | 2.6% | 2.7% | 3.5% | 4.1% | 4.3% | 2.4% | 1.8% |
| EBITDA | $2.74B | $3.82B | $3.75B | $3.92B | $4.37B | $4.24B | $2.83B | $3.35B | $4.36B | $3.47B | $3.02B | $2.86B | $3.37B | $2.98B | $3.20B | $4.57B | $6.66B | $6.00B | $4.10B | $3.05B |
| EBITDA margin | 6.2% | 5.5% | 5.4% | 6.4% | 5.4% | 5.3% | 3.2% | 3.7% | 5.4% | 5.1% | 4.8% | 4.7% | 5.2% | 4.6% | 5.0% | 5.4% | 6.6% | 6.4% | 4.8% | 3.8% |
| EBIT | $2.04B | $3.10B | $2.97B | $3.01B | $3.50B | $3.37B | $1.98B | $2.44B | $3.47B | $2.59B | $2.12B | $1.94B | $2.42B | $1.99B | $2.22B | $3.58B | $5.63B | $4.94B | $2.96B | $1.87B |
| Interest expense | $434.00M | $477.00M | $430.00M | $422.00M | $483.00M | $482.00M | $441.00M | $414.00M | $338.00M | $309.00M | $291.00M | $331.00M | $365.00M | $403.00M | $320.00M | $284.00M | $405.00M | $653.00M | $706.00M | $612.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.16B | $1.80B | $1.68B | $1.93B | $2.04B | $2.04B | $1.22B | $1.34B | $2.25B | $1.85B | $1.28B | $1.59B | $1.81B | $1.38B | $1.77B | $2.71B | $4.34B | $3.48B | $1.80B | $1.08B |
| Net income growth (YoY) | — | -16.7% | -6.5% | +14.6% | +5.5% | +0.0% | -39.9% | +9.7% | +67.5% | -17.7% | -30.8% | +24.7% | +13.5% | -23.8% | +28.5% | +52.9% | +60.2% | -19.7% | -48.3% | -40.1% |
| Profit margin | 4.9% | 2.6% | 2.4% | 3.1% | 2.5% | 2.5% | 1.4% | 1.5% | 2.8% | 2.7% | 2.1% | 2.6% | 2.8% | 2.1% | 2.8% | 3.2% | 4.3% | 3.7% | 2.1% | 1.3% |