Archer-Daniels-Midland (ADM) Financials

$48.66 +0.72 (+1.50%)

Closing price 03:59 PM Eastern

Extended Trading

$49.02 +0.36 (+0.73%)

As of 07:59 PM Eastern

Annual Income Statements for Archer-Daniels-Midland

This table shows Archer-Daniels-Midland's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,800	3,483	4,340	2,709	1,772	1,379	1,810	1,595	1,279	1,849
Consolidated Net Income / (Loss)	1,779	3,466	4,365	2,735	1,782	1,379	1,815	1,602	1,288	1,846
Net Income / (Loss) Continuing Operations	1,779	3,466	4,365	2,735	1,782	1,379	1,815	1,602	1,288	1,846
Total Pre-Tax Income	2,255	4,294	5,233	3,313	1,883	1,588	2,060	1,609	1,822	2,284
Total Operating Income	1,527	3,715	4,146	2,829	1,686	1,351	1,845	1,367	1,582	1,781
Total Gross Profit	5,778	7,513	7,570	5,987	4,453	4,147	4,181	3,518	3,618	3,966
Total Revenue	85,530	93,935	101,556	85,249	64,355	64,656	64,341	60,828	62,346	67,702
Operating Revenue	85,530	93,935	101,556	85,249	64,355	64,656	64,341	60,828	62,346	67,702
Total Cost of Revenue	79,752	86,422	93,986	79,262	59,902	60,509	60,160	57,310	58,728	63,736
Operating Cost of Revenue	79,752	86,422	93,986	79,262	59,902	60,509	60,160	57,310	58,728	63,736
Total Operating Expenses	4,251	3,798	3,424	3,158	2,767	2,796	2,336	2,151	2,036	2,185
Selling, General & Admin Expense	3,706	3,456	3,358	2,994	2,687	2,493	2,165	1,978	1,981	1,985
Restructuring Charge	545	342	66	164	80	303	171	173	55	200
Total Other Income / (Expense), net	728	579	1,087	484	197	237	215	242	240	503
Interest Expense	706	647	396	301	748	402	364	330	293	308
Interest & Investment Income	1,183	1,050	1,125	691	690	650	680	562	384	461
Other Income / (Expense), net	251	176	358	94	255	-11	-101	10	149	350
Income Tax Expense	476	828	868	578	101	209	245	7.00	534	438
Net Income / (Loss) Attributable to Noncontrolling Interest	-21	-17	25	26	10	0.00	5.00	7.00	9.00	-3.00
Basic Earnings per Share	$3.66	$6.44	$7.72	$4.80	$3.16	$2.45	$3.21	$2.80	$2.18	$2.99
Weighted Average Basic Shares Outstanding	492M	541M	562M	564M	561M	563M	564M	569M	588M	618M
Diluted Earnings per Share	$3.65	$6.43	$7.71	$4.79	$3.15	$2.44	$3.19	$2.79	$2.16	$2.98
Weighted Average Diluted Shares Outstanding	493M	542M	563M	566M	565M	565M	567M	572M	591M	621M
Weighted Average Basic & Diluted Shares Outstanding	479.71M	509.85M	548.01M	562.17M	558.41M	557.89M	563.90M	569.60M	586.70M	618.40M
Cash Dividends to Common per Share	$2.00	$1.80	$1.60	$1.48	$1.44	$1.40	$1.34	$1.28	$1.20	$1.12

This table shows Archer-Daniels-Midland's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	295	567	18	486	729	565	821	927	1,170	1,019	1,031
Consolidated Net Income / (Loss)	292	561	18	481	719	542	824	928	1,172	1,024	1,037
Net Income / (Loss) Continuing Operations	292	561	18	481	719	542	824	928	1,172	1,024	1,037
Total Pre-Tax Income	353	666	108	596	885	734	1,031	1,132	1,397	1,213	1,230
Total Operating Income	210	402	-47	482	690	625	916	982	1,192	829	965
Total Gross Profit	1,180	1,358	1,365	1,396	1,659	1,740	1,810	1,883	2,080	1,762	1,811
Total Revenue	20,175	21,498	19,937	22,248	21,847	22,978	21,695	25,190	24,072	25,939	24,683
Operating Revenue	20,175	21,498	19,937	22,248	21,847	22,978	21,695	25,190	24,072	25,939	24,683
Total Cost of Revenue	18,995	20,140	18,572	20,852	20,188	21,238	19,885	23,307	21,992	24,177	22,872
Operating Cost of Revenue	18,995	20,140	18,572	20,852	20,188	21,238	19,885	23,307	21,992	24,177	22,872
Total Operating Expenses	970	956	1,412	914	969	1,115	894	901	888	933	846
Selling, General & Admin Expense	932	943	905	907	951	919	815	841	881	897	818
Restructuring Charge	38	13	507	7.00	18	196	79	60	7.00	36	28
Total Other Income / (Expense), net	143	264	155	114	195	109	115	150	205	384	265
Interest Expense	158	179	174	187	166	165	155	180	147	134	97
Interest & Investment Income	282	285	271	292	335	214	235	293	308	343	295
Other Income / (Expense), net	19	158	58	9.00	26	60	35	37	44	175	67
Income Tax Expense	61	105	90	115	166	192	207	204	225	189	193
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.00	-6.00	0.00	-5.00	-10	-23	3.00	1.00	2.00	5.00	6.00
Basic Earnings per Share	$0.61	$1.21	$0.04	$0.99	$1.42	$1.09	$1.52	$1.70	$2.13	$1.84	$1.84
Weighted Average Basic Shares Outstanding	483M	492M	482M	492M	513M	541M	540M	545M	550M	562M	561M
Diluted Earnings per Share	$0.61	$1.21	$0.04	$0.98	$1.42	$1.09	$1.52	$1.70	$2.12	$1.84	$1.83
Weighted Average Diluted Shares Outstanding	483M	493M	483M	493M	514M	542M	540M	546M	551M	563M	563M
Weighted Average Basic & Diluted Shares Outstanding	480.45M	479.71M	478.53M	478.14M	494.44M	509.85M	533.38M	536.10M	544.63M	548.01M	549.33M
Cash Dividends to Common per Share	$0.51	-	$0.50	$0.50	$0.50	-	$0.45	$0.45	$0.45	-	$0.40

This table details how cash moves in and out of Archer-Daniels-Midland's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-1,466	-1,643	-421	2,808	1,656	-853	1,985	297	-235	-965
Net Cash From Operating Activities	2,790	4,460	3,478	6,595	-2,386	-5,452	-4,784	-5,966	-6,508	1,705
Net Cash From Continuing Operating Activities	2,842	4,460	3,478	6,595	-2,386	-5,452	-4,784	-5,966	-6,508	1,705
Net Income / (Loss) Continuing Operations	1,779	3,466	4,365	2,735	1,782	1,379	1,815	1,602	1,288	1,846
Consolidated Net Income / (Loss)	1,779	3,466	4,365	2,735	1,782	1,379	1,815	1,602	1,288	1,846
Depreciation Expense	1,141	1,059	1,028	996	976	993	941	924	900	882
Non-Cash Adjustments To Reconcile Net Income	-279	31	-1,806	339	296	-107	-37	83	-184	-489
Changes in Operating Assets and Liabilities, net	201	-96	-109	2,525	-5,440	-7,717	-7,503	-8,575	-8,512	-534
Net Cash From Investing Activities	-2,702	-1,496	-1,400	-2,669	4,465	5,259	6,582	7,291	6,852	-21
Net Cash From Continuing Investing Activities	-2,768	-1,496	-1,400	-2,669	4,495	5,259	6,582	7,291	6,852	-21
Purchase of Property, Plant & Equipment	-1,563	-1,494	-1,319	-1,169	-823	-828	-842	-1,049	-882	-1,125
Acquisitions	-927	-23	-22	-1,598	-20	-1,959	-621	-467	-792	-705
Purchase of Investments	-366	-18	-232	-69	0.00	-27	0.00	-538	-1,401	-1,084
Sale and/or Maturity of Investments	84	60	131	-	0.00	104	13	985	1,659	1,119
Other Investing Activities, net	4.00	-21	42	-78	4,610	7,676	7,841	8,165	8,073	9.00
Net Cash From Financing Activities	-1,530	-4,604	-2,499	-1,118	-423	-660	187	-1,028	-579	-2,649
Net Cash From Continuing Financing Activities	-1,530	-4,604	-2,499	-1,118	-423	-660	187	-1,028	-579	-2,649
Repayment of Debt	1,763	-1,455	-902	-528	-1,299	-626	-773	-835	81	-1,201
Repurchase of Common Equity	-2,327	-2,673	-1,450	0.00	-133	-150	-77	-750	-1,000	-2,040
Payment of Dividends	-993	-977	-899	-834	-809	-789	-758	-730	-701	-687
Issuance of Debt	27	501	752	244	1,818	905	1,795	1,287	1,041	1,279
Effect of Exchange Rate Changes	-24	-	-	0.00	-	-	-	-	-	-
Cash Interest Paid	710	711	409	276	345	388	351	321	283	334
Cash Income Taxes Paid	658	742	708	553	195	268	376	538	398	602

This table details how cash moves in and out of Archer-Daniels-Midland's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	132	-473	126	-574	-545	349	-146	-500	-1,346	-457	-133
Net Cash From Operating Activities	-342	322	1,300	468	700	2,569	992	2,509	-1,610	130	4,023
Net Cash From Continuing Operating Activities	-342	374	1,300	468	700	2,569	992	2,509	-1,610	130	4,023
Net Income / (Loss) Continuing Operations	292	561	18	481	719	542	824	928	1,172	1,024	1,037
Consolidated Net Income / (Loss)	292	561	18	481	719	542	824	928	1,172	1,024	1,037
Depreciation Expense	287	287	288	286	280	277	261	262	259	254	260
Non-Cash Adjustments To Reconcile Net Income	122	-398	362	-31	-212	1,133	429	-428	-1,103	-935	467
Changes in Operating Assets and Liabilities, net	-1,043	-76	632	-268	-87	617	-522	1,747	-1,938	-213	2,259
Net Cash From Investing Activities	-129	-700	-390	-382	-1,230	-435	-450	-283	-328	-452	-301
Net Cash From Continuing Investing Activities	-129	-766	-390	-382	-1,230	-435	-450	-283	-328	-452	-301
Purchase of Property, Plant & Equipment	-291	-492	-381	-362	-328	-439	-441	-287	-327	-478	-341
Acquisitions	-90	9.00	-	-21	-915	-12	-11	-	0.00	-22	-
Purchase of Investments	-11	-322	-36	-4.00	-4.00	-5.00	-2.00	-7.00	-4.00	-38	-3.00
Sale and/or Maturity of Investments	248	-	-	2.00	-	-	-	-	-	131	-
Other Investing Activities, net	15	-45	29	3.00	17	-39	4.00	11	3.00	-45	43
Net Cash From Financing Activities	587	-65	-804	-659	-2.00	-1,804	-669	-2,729	598	-135	-3,855
Net Cash From Continuing Financing Activities	587	-65	-804	-659	-2.00	-1,804	-669	-2,729	598	-135	-3,855
Repayment of Debt	863	1,784	-2,229	589	1,619	-113	-577	-2,069	1,304	331	-1,212
Repurchase of Common Equity	0.00	-	-	-1,000	-1,327	-1,555	-117	-650	-351	-250	-1,000
Payment of Dividends	-247	-249	-241	-246	-257	-239	-244	-246	-248	-222	-224
Issuance of Debt	-29	-1,600	1,666	-2.00	-37	103	269	236	-107	6.00	-1,419
Effect of Exchange Rate Changes	16	-30	20	-1.00	-13	-	-19	3.00	-6.00	-	-

This table presents Archer-Daniels-Midland's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	53,271	54,631	59,774	56,136	49,719	43,997	40,833	39,963	39,769	40,157
Total Current Assets	27,718	29,767	35,410	31,909	27,286	21,347	20,588	19,925	21,045	21,829
Cash & Equivalents	611	1,368	1,037	943	666	852	1,997	804	619	910
Restricted Cash	7,212	7,228	9,010	8,016	5,890	4,458	4,506	4,826	5,011	5,214
Short-Term Investments	246	0.00	-	0.00	0.00	0.00	0.00	0.00	296	438
Accounts Receivable	3,708	4,232	4,926	3,311	2,793	2,267	2,233	1,947	1,905	1,738
Inventories, net	11,572	11,957	14,771	14,481	11,713	9,170	8,813	9,173	8,831	8,243
Other Current Assets	4,369	4,982	5,666	5,158	6,224	4,600	3,039	3,175	4,383	5,286
Plant, Property, & Equipment, net	10,837	10,508	9,933	9,803	9,779	10,106	9,953	10,138	9,758	9,853
Plant, Property & Equipment, gross	28,898	28,032	26,775	26,223	26,167	25,999	25,102	24,793	23,497	23,274
Accumulated Depreciation	18,061	17,524	16,842	16,420	16,388	15,893	15,149	14,655	13,739	13,421
Total Noncurrent Assets	14,716	14,356	14,431	14,424	12,654	12,544	10,292	9,900	8,966	8,475
Long-Term Investments	5,276	5,500	5,467	5,285	4,913	5,132	5,317	5,180	4,684	4,340
Goodwill	6,769	6,341	6,544	6,747	5,585	5,476	4,041	3,918	3,703	3,688
Other Noncurrent Operating Assets	2,671	2,515	2,420	2,392	2,156	1,936	934	802	579	447
Total Liabilities & Shareholders' Equity	53,271	54,631	59,774	56,136	49,719	43,997	40,833	39,963	39,769	40,157
Total Liabilities	30,840	30,166	35,158	33,369	29,623	24,714	21,788	21,588	22,564	22,242
Total Current Liabilities	19,938	18,662	24,191	21,948	18,182	13,734	11,776	12,570	13,173	13,505
Short-Term Debt	2,577	106	1,445	1,528	2,044	1,209	690	870	427	98
Accounts Payable	13,307	14,180	17,659	15,353	10,934	8,768	8,173	8,867	8,764	9,294
Other Current Liabilities	4,054	4,376	5,087	5,067	5,204	3,757	2,913	2,833	3,982	4,113
Total Noncurrent Liabilities	10,902	11,504	10,967	11,421	11,441	10,980	10,012	9,018	9,391	8,737
Long-Term Debt	7,580	8,259	7,735	8,011	7,885	7,672	7,698	6,623	6,504	5,779
Noncurrent Deferred & Payable Income Tax Liabilities	1,268	1,309	1,402	1,412	1,302	1,194	1,067	1,053	1,669	1,563
Other Noncurrent Operating Liabilities	2,054	1,936	1,830	1,998	2,254	2,114	1,247	1,342	1,218	1,395
Commitments & Contingencies	0.00	0.00	-	-	-	-	-	-	-	-
Redeemable Noncontrolling Interest	253	320	299	259	74	58	49	53	24	0.00
Total Equity & Noncontrolling Interests	22,178	24,145	24,317	22,508	20,022	19,225	18,996	18,322	17,181	17,915
Total Preferred & Common Equity	22,168	24,132	24,284	22,477	20,000	19,208	18,981	18,313	17,173	17,899
Total Common Equity	22,168	24,132	24,284	22,477	20,000	19,208	18,981	18,313	17,173	17,899
Common Stock	3,223	3,154	3,147	2,994	2,824	2,655	2,560	2,398	2,327	3,180
Retained Earnings	21,933	23,465	23,646	21,655	19,780	18,958	18,527	17,552	17,444	16,865
Accumulated Other Comprehensive Income / (Loss)	-2,988	-2,487	-2,509	-2,172	-2,604	-2,405	-2,106	-1,637	-2,598	-2,146
Noncontrolling Interest	10	13	33	31	22	17	15	9.00	8.00	16

This table presents Archer-Daniels-Midland's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	53,402	53,271	52,199	52,698	54,831	54,631	55,093	55,499	58,802	59,774	58,304
Total Current Assets	27,882	27,718	26,626	26,962	29,006	29,767	30,522	30,686	34,325	35,410	34,569
Cash & Equivalents	864	611	784	764	830	1,368	1,498	1,426	899	1,037	1,099
Restricted Cash	6,870	7,212	7,077	6,975	7,381	7,228	7,739	8,167	8,736	9,010	9,345
Short-Term Investments	33	246	-	-	-	0.00	0.00	0.00	0.00	-	0.00
Accounts Receivable	4,419	3,708	3,770	4,382	4,178	4,232	4,443	4,110	4,471	4,926	4,679
Inventories, net	11,550	11,572	10,746	10,443	11,634	11,957	11,224	11,902	14,771	14,771	13,282
Other Current Assets	4,146	4,369	4,249	4,398	4,983	4,982	5,618	5,081	5,448	5,666	6,164
Plant, Property, & Equipment, net	11,000	10,837	10,828	10,628	10,596	10,508	10,218	10,127	10,071	9,933	9,605
Total Noncurrent Assets	14,520	14,716	14,745	15,108	15,229	14,356	14,353	14,686	14,406	14,431	14,130
Long-Term Investments	5,022	5,276	5,142	5,557	5,566	5,500	5,469	5,665	5,525	5,467	5,429
Goodwill	4,623	6,769	6,999	6,970	7,051	6,341	6,392	6,542	6,583	6,544	6,364
Intangible Assets	2,252	-	-	-	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	2,623	2,671	2,604	2,581	2,612	2,515	2,492	2,479	2,298	2,420	2,337
Total Liabilities & Shareholders' Equity	53,402	53,271	52,199	52,698	54,831	54,631	55,093	55,499	58,802	59,774	58,304
Total Liabilities	31,020	30,840	29,932	30,237	31,292	30,166	29,512	30,220	33,605	35,158	33,985
Total Current Liabilities	20,171	19,938	19,003	18,684	19,730	18,662	18,105	18,788	22,730	24,191	22,936
Short-Term Debt	3,469	2,577	2,458	2,313	1,735	106	117	426	2,761	1,445	1,069
Accounts Payable	12,877	13,307	12,580	12,503	13,775	14,180	13,552	13,791	15,701	17,659	16,902
Other Current Liabilities	3,825	4,054	3,965	3,868	4,220	4,376	4,436	4,571	4,268	5,087	4,965
Total Noncurrent Liabilities	10,849	10,902	10,929	11,553	11,562	11,504	11,407	11,432	10,875	10,967	11,049
Long-Term Debt	7,596	7,580	7,578	8,247	8,245	8,259	8,224	8,244	7,745	7,735	7,671
Noncurrent Deferred & Payable Income Tax Liabilities	1,185	1,268	1,278	1,289	1,291	1,309	1,390	1,351	1,362	1,402	1,639
Other Noncurrent Operating Liabilities	2,068	2,054	2,073	2,017	2,026	1,936	1,793	1,837	1,768	1,830	1,739
Redeemable Noncontrolling Interest	255	253	283	302	307	320	316	304	301	299	290
Total Equity & Noncontrolling Interests	22,127	22,178	21,984	22,159	23,232	24,145	25,265	24,975	24,896	24,317	24,029
Total Preferred & Common Equity	22,119	22,168	21,974	22,148	23,219	24,132	25,228	24,939	24,860	24,284	23,997
Total Common Equity	22,119	22,168	21,974	22,148	23,219	24,132	25,228	24,939	24,860	24,284	23,997
Common Stock	3,246	3,223	3,208	3,200	2,720	3,154	3,140	3,128	3,106	3,147	3,110
Retained Earnings	21,981	21,933	21,606	21,828	23,069	23,465	24,699	24,244	24,217	23,646	23,099
Accumulated Other Comprehensive Income / (Loss)	-3,108	-2,988	-2,840	-2,880	-2,570	-2,487	-2,611	-2,433	-2,463	-2,509	-2,212
Noncontrolling Interest	8.00	10	10	11	13	13	37	36	36	33	32

This table displays calculated financial ratios and metrics derived from Archer-Daniels-Midland's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.95%	-7.50%	19.13%	32.47%	-0.47%	0.49%	5.78%	-2.43%	-7.91%	-16.62%
EBITDA Growth	-41.03%	-10.52%	41.16%	34.35%	25.03%	-13.11%	16.69%	-12.54%	-12.68%	-22.68%
EBIT Growth	-54.30%	-13.61%	54.09%	50.59%	44.85%	-23.17%	26.65%	-20.45%	-18.77%	-29.04%
NOPAT Growth	-59.83%	-13.29%	48.08%	46.37%	36.00%	-27.83%	19.43%	21.70%	-22.31%	-26.75%
Net Income Growth	-48.67%	-20.60%	59.60%	53.48%	29.22%	-24.02%	13.30%	24.38%	-30.23%	-18.06%
EPS Growth	-43.23%	-16.60%	60.96%	52.06%	29.10%	-23.51%	14.34%	29.17%	-27.52%	-13.12%
Operating Cash Flow Growth	-37.44%	28.23%	-47.26%	376.40%	56.24%	-13.96%	19.81%	8.33%	-481.70%	-65.51%
Free Cash Flow Firm Growth	-72.68%	-21.36%	14.45%	271.53%	181.38%	-187.41%	726.26%	-135.44%	-73.18%	-57.37%
Invested Capital Growth	2.72%	2.47%	1.22%	-2.66%	4.71%	13.51%	3.69%	11.33%	4.93%	-2.71%
Revenue Q/Q Growth	-1.70%	-3.06%	2.89%	6.38%	2.63%	0.59%	-0.19%	-0.70%	0.09%	-6.17%
EBITDA Q/Q Growth	-3.79%	-5.64%	1.60%	-2.75%	29.76%	7.17%	-8.52%	-2.58%	-3.94%	-8.59%
EBIT Q/Q Growth	-6.57%	-7.58%	2.04%	-3.91%	52.83%	11.67%	-12.32%	-5.43%	-5.77%	-10.84%
NOPAT Q/Q Growth	-9.14%	-7.50%	2.53%	3.25%	7.71%	5.53%	-15.74%	28.55%	2.32%	-9.27%
Net Income Q/Q Growth	1.08%	-12.21%	5.49%	3.95%	12.22%	15.20%	-20.74%	29.61%	-18.43%	0.65%
EPS Q/Q Growth	3.40%	-10.45%	6.34%	3.46%	11.70%	16.19%	-20.65%	31.60%	-17.87%	3.47%
Operating Cash Flow Q/Q Growth	-44.61%	120.68%	-14.96%	32.35%	28.33%	-14.95%	25.21%	46.02%	-441.99%	5.44%
Free Cash Flow Firm Q/Q Growth	-43.98%	110.19%	5.00%	64.42%	-65.47%	-446.93%	414.10%	-138.26%	-48.02%	240.28%
Invested Capital Q/Q Growth	-0.30%	-2.51%	6.38%	6.89%	13.45%	3.76%	-3.85%	7.80%	1.27%	-2.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.76%	8.00%	7.45%	7.02%	6.92%	6.41%	6.50%	5.78%	5.80%	5.86%
EBITDA Margin	3.41%	5.27%	5.45%	4.60%	4.53%	3.61%	4.17%	3.78%	4.22%	4.45%
Operating Margin	1.79%	3.95%	4.08%	3.32%	2.62%	2.09%	2.87%	2.25%	2.54%	2.63%
EBIT Margin	2.08%	4.14%	4.44%	3.43%	3.02%	2.07%	2.71%	2.26%	2.78%	3.15%
Profit (Net Income) Margin	2.08%	3.69%	4.30%	3.21%	2.77%	2.13%	2.82%	2.63%	2.07%	2.73%
Tax Burden Percent	78.89%	80.72%	83.41%	82.55%	94.64%	86.84%	88.11%	99.56%	70.69%	80.82%
Interest Burden Percent	126.83%	110.36%	116.19%	113.34%	97.01%	118.51%	118.12%	116.85%	105.26%	107.18%
Effective Tax Rate	21.11%	19.28%	16.59%	17.45%	5.36%	13.16%	11.89%	0.44%	29.31%	19.18%
Return on Invested Capital (ROIC)	6.34%	16.20%	19.03%	12.76%	8.80%	7.04%	10.60%	9.52%	8.47%	11.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.53%	8.45%	2.60%	-0.04%	-3.23%	-1.21%	4.99%	2.64%	4.57%	3.89%
Return on Net Nonoperating Assets (RNNOA)	1.24%	-2.08%	-0.61%	0.01%	0.25%	0.16%	-0.90%	-0.52%	-1.13%	-1.18%
Return on Equity (ROE)	7.59%	14.12%	18.42%	12.76%	9.05%	7.20%	9.70%	9.01%	7.33%	9.83%
Cash Return on Invested Capital (CROIC)	3.66%	13.76%	17.82%	15.45%	4.20%	-5.61%	6.98%	-1.20%	3.65%	13.76%
Operating Return on Assets (OROA)	3.30%	6.80%	7.77%	5.52%	4.14%	3.16%	4.32%	3.45%	4.33%	5.06%
Return on Assets (ROA)	3.30%	6.06%	7.53%	5.17%	3.80%	3.25%	4.49%	4.02%	3.22%	4.39%
Return on Common Equity (ROCE)	7.49%	13.93%	18.18%	12.65%	9.01%	7.17%	9.67%	8.98%	7.32%	9.81%
Return on Equity Simple (ROE_SIMPLE)	8.03%	14.36%	17.97%	12.17%	8.91%	7.18%	9.56%	8.75%	7.50%	10.31%
Net Operating Profit after Tax (NOPAT)	1,205	2,999	3,458	2,335	1,596	1,173	1,626	1,361	1,118	1,439
NOPAT Margin	1.41%	3.19%	3.41%	2.74%	2.48%	1.81%	2.53%	2.24%	1.79%	2.13%
Net Nonoperating Expense Percent (NNEP)	12.88%	7.75%	16.43%	12.80%	12.02%	8.24%	5.61%	6.89%	3.90%	7.13%
Return On Investment Capital (ROIC_SIMPLE)	3.73%	9.22%	10.32%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	93.24%	92.00%	92.55%	92.98%	93.08%	93.59%	93.50%	94.22%	94.20%	94.14%
SG&A Expenses to Revenue	4.33%	3.68%	3.31%	3.51%	4.18%	3.86%	3.36%	3.25%	3.18%	2.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.97%	4.04%	3.37%	3.70%	4.30%	4.32%	3.63%	3.54%	3.27%	3.23%
Earnings before Interest and Taxes (EBIT)	1,778	3,891	4,504	2,923	1,941	1,340	1,744	1,377	1,731	2,131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,919	4,950	5,532	3,919	2,917	2,333	2,685	2,301	2,631	3,013
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.52	1.96	1.57	1.28	1.19	1.03	1.01	1.23	0.95
Price to Tangible Book Value (P/TBV)	1.55	2.07	2.68	2.25	1.78	1.66	1.31	1.29	1.57	1.20
Price to Revenue (P/Rev)	0.28	0.39	0.47	0.41	0.40	0.35	0.30	0.31	0.34	0.25
Price to Earnings (P/E)	13.28	10.56	10.96	13.04	14.44	16.51	10.82	11.63	16.49	9.21
Dividend Yield	4.00%	2.61%	1.85%	2.34%	3.13%	3.42%	3.84%	3.86%	3.27%	3.92%
Earnings Yield	7.53%	9.47%	9.12%	7.67%	6.92%	6.06%	9.24%	8.60%	6.06%	10.85%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.67	2.27	1.71	1.30	1.20	1.04	1.02	1.29	0.93
Enterprise Value to Revenue (EV/Rev)	0.25	0.33	0.41	0.36	0.38	0.33	0.25	0.25	0.28	0.18
Enterprise Value to EBITDA (EV/EBITDA)	7.19	6.34	7.52	7.89	8.28	9.12	6.04	6.65	6.63	3.99
Enterprise Value to EBIT (EV/EBIT)	11.80	8.06	9.23	10.58	12.44	15.88	9.30	11.11	10.08	5.64
Enterprise Value to NOPAT (EV/NOPAT)	17.42	10.46	12.02	13.24	15.13	18.14	9.98	11.24	15.60	8.36
Enterprise Value to Operating Cash Flow (EV/OCF)	7.52	7.03	11.96	4.69	0.00	0.00	0.00	0.00	0.00	7.05
Enterprise Value to Free Cash Flow (EV/FCFF)	30.16	12.32	12.84	10.93	31.71	0.00	15.15	0.00	36.16	6.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.34	0.37	0.42	0.49	0.46	0.44	0.41	0.40	0.33
Long-Term Debt to Equity	0.34	0.34	0.31	0.35	0.39	0.40	0.40	0.36	0.38	0.32
Financial Leverage	-0.19	-0.25	-0.23	-0.15	-0.08	-0.13	-0.18	-0.20	-0.25	-0.30
Leverage Ratio	2.30	2.33	2.45	2.47	2.38	2.21	2.16	2.24	2.28	2.24
Compound Leverage Factor	2.92	2.57	2.84	2.80	2.31	2.62	2.55	2.62	2.40	2.40
Debt to Total Capital	31.17%	25.48%	27.16%	29.53%	33.07%	31.53%	30.58%	28.97%	28.72%	24.70%
Short-Term Debt to Total Capital	7.91%	0.32%	4.28%	4.73%	6.81%	4.29%	2.52%	3.36%	1.77%	0.41%
Long-Term Debt to Total Capital	23.26%	25.16%	22.89%	24.80%	26.26%	27.24%	28.06%	25.60%	26.95%	24.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.81%	1.01%	0.98%	0.90%	0.32%	0.27%	0.23%	0.24%	0.13%	0.07%
Common Equity to Total Capital	68.03%	73.51%	71.85%	69.58%	66.61%	68.20%	69.19%	70.79%	71.15%	75.23%
Debt to EBITDA	3.48	1.69	1.66	2.43	3.40	3.81	3.12	3.26	2.63	1.95
Net Debt to EBITDA	-1.09	-1.16	-1.15	-1.20	-0.53	-0.67	-1.28	-1.44	-1.40	-1.67
Long-Term Debt to EBITDA	2.60	1.67	1.40	2.04	2.70	3.29	2.87	2.88	2.47	1.92
Debt to NOPAT	8.43	2.79	2.65	4.08	6.22	7.57	5.16	5.51	6.20	4.08
Net Debt to NOPAT	-2.65	-1.91	-1.83	-2.01	-0.97	-1.33	-2.11	-2.44	-3.29	-3.49
Long-Term Debt to NOPAT	6.29	2.75	2.24	3.43	4.94	6.54	4.74	4.87	5.82	4.01
Altman Z-Score	2.93	3.53	3.54	3.08	2.72	2.93	3.15	2.99	3.12	3.16
Noncontrolling Interest Sharing Ratio	1.27%	1.35%	1.31%	0.90%	0.43%	0.36%	0.34%	0.26%	0.14%	0.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.39	1.60	1.46	1.45	1.50	1.55	1.75	1.59	1.60	1.62
Quick Ratio	0.23	0.30	0.25	0.19	0.19	0.23	0.36	0.22	0.21	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	696	2,547	3,238	2,829	762	-936	1,071	-171	482	1,798
Operating Cash Flow to CapEx	178.50%	298.53%	263.68%	713.74%	-2,511.58%	-1,019.07%	-734.87%	-698.59%	-947.31%	0.00%
Free Cash Flow to Firm to Interest Expense	0.99	3.94	8.18	9.40	1.02	-2.33	2.94	-0.52	1.65	5.84
Operating Cash Flow to Interest Expense	3.95	6.89	8.78	21.91	-3.19	-13.56	-13.14	-18.08	-22.21	5.54
Operating Cash Flow Less CapEx to Interest Expense	1.74	4.58	5.45	18.84	-3.32	-14.89	-14.93	-20.67	-24.56	7.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.59	1.64	1.75	1.61	1.37	1.52	1.59	1.53	1.56	1.61
Accounts Receivable Turnover	21.54	20.51	24.66	27.93	25.44	28.74	30.79	31.58	34.23	30.48
Inventory Turnover	6.78	6.47	6.43	6.05	5.74	6.73	6.69	6.37	6.88	7.24
Fixed Asset Turnover	8.01	9.19	10.29	8.71	6.47	6.45	6.41	6.11	6.36	6.87
Accounts Payable Turnover	5.80	5.43	5.69	6.03	6.08	7.14	7.06	6.50	6.50	6.54
Days Sales Outstanding (DSO)	16.94	17.79	14.80	13.07	14.35	12.70	11.86	11.56	10.66	11.97
Days Inventory Outstanding (DIO)	53.84	56.44	56.80	60.31	63.62	54.24	54.56	57.33	53.06	50.44
Days Payable Outstanding (DPO)	62.90	67.24	64.10	60.53	60.03	51.10	51.69	56.14	56.12	55.82
Cash Conversion Cycle (CCC)	7.88	7.00	7.50	12.85	17.95	15.84	14.73	12.74	7.61	6.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,243	18,734	18,282	18,062	18,556	17,722	15,613	15,058	13,526	12,890
Invested Capital Turnover	4.50	5.08	5.59	4.66	3.55	3.88	4.20	4.26	4.72	5.18
Increase / (Decrease) in Invested Capital	509	452	220	-494	834	2,109	555	1,532	636	-359
Enterprise Value (EV)	20,983	31,370	41,581	30,921	24,147	21,286	16,216	15,301	17,444	12,027
Market Capitalization	23,908	36,768	47,583	35,336	25,591	22,772	19,584	18,556	21,091	17,036
Book Value per Share	$46.32	$45.24	$44.21	$40.18	$35.95	$34.50	$33.86	$32.75	$29.85	$29.99
Tangible Book Value per Share	$32.18	$33.36	$32.29	$28.12	$25.91	$24.67	$26.65	$25.74	$23.41	$23.81
Total Capital	32,588	32,830	33,796	32,306	30,025	28,164	27,433	25,868	24,136	23,792
Total Debt	10,157	8,365	9,180	9,539	9,929	8,881	8,388	7,493	6,931	5,877
Total Long-Term Debt	7,580	8,259	7,735	8,011	7,885	7,672	7,698	6,623	6,504	5,779
Net Debt	-3,188	-5,731	-6,334	-4,705	-1,540	-1,561	-3,432	-3,317	-3,679	-5,025
Capital Expenditures (CapEx)	1,563	1,494	1,319	924	95	535	651	854	687	-640
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,288	2,615	2,617	2,530	4,592	3,512	2,999	2,595	2,373	1,860
Debt-free Net Working Capital (DFNWC)	10,357	11,211	12,664	11,489	11,148	8,822	9,502	8,225	8,299	8,422
Net Working Capital (NWC)	7,780	11,105	11,219	9,961	9,104	7,613	8,812	7,355	7,872	8,324
Net Nonoperating Expense (NNE)	-574	-467	-907	-400	-186	-206	-189	-241	-170	-407
Net Nonoperating Obligations (NNO)	-3,188	-5,731	-6,334	-4,705	-1,540	-1,561	-3,432	-3,317	-3,679	-5,025
Total Depreciation and Amortization (D&A)	1,141	1,059	1,028	996	976	993	941	924	900	882
Debt-free, Cash-free Net Working Capital to Revenue	2.68%	2.78%	2.58%	2.97%	7.14%	5.43%	4.66%	4.27%	3.81%	2.75%
Debt-free Net Working Capital to Revenue	12.11%	11.93%	12.47%	13.48%	17.32%	13.64%	14.77%	13.52%	13.31%	12.44%
Net Working Capital to Revenue	9.10%	11.82%	11.05%	11.68%	14.15%	11.77%	13.70%	12.09%	12.63%	12.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.66	$0.00	$7.72	$4.80	$3.16	$2.45	$3.21	$2.80	$2.18	$2.99
Adjusted Weighted Average Basic Shares Outstanding	492M	0.00	562M	564M	561M	563M	564M	569M	588M	618M
Adjusted Diluted Earnings per Share	$3.65	$0.00	$7.71	$4.79	$3.15	$2.44	$3.19	$2.79	$2.16	$2.98
Adjusted Weighted Average Diluted Shares Outstanding	493M	0.00	563M	566M	563M	565M	567M	572M	591M	621M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$2.45	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	479.71M	0.00	548.01M	562.17M	558.41M	557.89M	560.09M	558.84M	571.08M	593.90M
Normalized Net Operating Profit after Tax (NOPAT)	1,635	3,275	3,513	2,471	1,671	1,436	1,776	1,533	1,157	1,601
Normalized NOPAT Margin	1.91%	3.49%	3.46%	2.90%	2.60%	2.22%	2.76%	2.52%	1.86%	2.36%
Pre Tax Income Margin	2.64%	4.57%	5.15%	3.89%	2.93%	2.46%	3.20%	2.65%	2.92%	3.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.52	6.01	11.37	9.71	2.59	3.33	4.79	4.17	5.91	6.92
NOPAT to Interest Expense	1.71	4.63	8.73	7.76	2.13	2.92	4.47	4.12	3.82	4.67
EBIT Less CapEx to Interest Expense	0.30	3.70	8.04	6.64	2.47	2.00	3.00	1.58	3.56	9.00
NOPAT Less CapEx to Interest Expense	-0.51	2.33	5.40	4.69	2.01	1.59	2.68	1.54	1.47	6.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	55.82%	28.19%	20.60%	30.49%	45.40%	57.22%	41.76%	45.57%	54.43%	37.22%
Augmented Payout Ratio	186.62%	105.31%	53.81%	30.49%	52.86%	68.09%	46.01%	92.38%	132.07%	147.72%

This table displays calculated financial ratios and metrics derived from Archer-Daniels-Midland's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.65%	-6.44%	-8.10%	-11.68%	-9.24%	-11.42%	-12.11%	-7.67%	1.78%	12.34%	21.35%
EBITDA Growth	-48.19%	-11.95%	-75.33%	-39.34%	-33.38%	-23.53%	-6.19%	-21.17%	10.17%	7.43%	55.48%
EBIT Growth	-68.02%	-18.25%	-98.84%	-51.82%	-42.07%	-31.77%	-7.85%	-25.51%	12.36%	9.85%	76.71%
NOPAT Growth	-69.01%	-26.63%	-101.07%	-51.68%	-43.94%	-34.05%	-10.02%	-23.26%	11.96%	13.23%	65.03%
Net Income Growth	-59.39%	3.51%	-97.82%	-48.17%	-38.65%	-47.07%	-20.54%	-25.16%	10.15%	28.48%	94.56%
EPS Growth	-57.04%	11.01%	-97.37%	-42.35%	-33.02%	-40.76%	-16.94%	-22.02%	13.98%	33.33%	96.77%
Operating Cash Flow Growth	-148.86%	-87.47%	31.05%	-81.35%	143.48%	1,876.15%	-75.34%	372.50%	-33.50%	-82.48%	41.36%
Free Cash Flow Firm Growth	-154.52%	-1,891.14%	92.92%	-132.66%	46.25%	-98.02%	-347.42%	484.98%	99.27%	-56.85%	1,192.98%
Invested Capital Growth	4.64%	2.72%	0.44%	5.53%	-3.90%	2.47%	11.81%	-5.89%	0.34%	1.22%	1.71%
Revenue Q/Q Growth	-6.15%	7.83%	-10.39%	1.84%	-4.92%	5.91%	-13.87%	4.64%	-7.20%	5.09%	-9.53%
EBITDA Q/Q Growth	-39.08%	183.28%	-61.52%	-21.99%	3.53%	-20.63%	-5.39%	-14.31%	18.84%	-2.63%	-20.49%
EBIT Q/Q Growth	-59.11%	4,990.91%	-97.76%	-31.42%	4.53%	-27.97%	-6.67%	-17.56%	23.11%	-2.71%	-24.56%
NOPAT Q/Q Growth	-48.70%	4,422.83%	-102.01%	-30.61%	21.47%	-36.96%	-9.06%	-19.50%	42.89%	-13.98%	-22.44%
Net Income Q/Q Growth	-47.95%	3,016.67%	-96.26%	-33.10%	32.66%	-34.22%	-11.21%	-20.82%	14.45%	-1.25%	-16.37%
EPS Q/Q Growth	-49.59%	2,925.00%	-95.92%	-30.99%	30.28%	-28.29%	-10.59%	-19.81%	15.22%	0.55%	-16.06%
Operating Cash Flow Q/Q Growth	-206.21%	-75.23%	177.78%	-33.14%	-72.75%	158.97%	-60.46%	255.84%	-1,338.46%	-96.77%	657.63%
Free Cash Flow Firm Q/Q Growth	-335.67%	-85.53%	85.76%	-147.37%	14,213.91%	100.73%	-165.72%	112.14%	94.03%	-8.53%	202.25%
Invested Capital Q/Q Growth	7.35%	-0.30%	-2.15%	-0.09%	5.38%	-2.51%	2.81%	-9.02%	12.37%	6.38%	-13.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	5.85%	6.32%	6.85%	6.27%	7.59%	7.57%	8.34%	7.48%	8.64%	6.79%	7.34%
EBITDA Margin	2.56%	3.94%	1.50%	3.49%	4.56%	4.19%	5.59%	5.09%	6.21%	4.85%	5.23%
Operating Margin	1.04%	1.87%	-0.24%	2.17%	3.16%	2.72%	4.22%	3.90%	4.95%	3.20%	3.91%
EBIT Margin	1.14%	2.60%	0.06%	2.21%	3.28%	2.98%	4.38%	4.05%	5.13%	3.87%	4.18%
Profit (Net Income) Margin	1.45%	2.61%	0.09%	2.16%	3.29%	2.36%	3.80%	3.68%	4.87%	3.95%	4.20%
Tax Burden Percent	82.72%	84.23%	16.67%	80.70%	81.24%	73.84%	79.92%	81.98%	83.89%	84.42%	84.31%
Interest Burden Percent	154.15%	118.93%	981.82%	121.38%	123.60%	107.15%	108.41%	111.09%	113.03%	120.82%	119.19%
Effective Tax Rate	17.28%	15.77%	83.33%	19.30%	18.76%	26.16%	20.08%	18.02%	16.11%	15.58%	15.69%
Return on Invested Capital (ROIC)	3.57%	7.09%	-0.18%	8.08%	11.68%	10.19%	17.96%	16.56%	20.66%	15.08%	19.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.71%	2.11%	-0.73%	6.11%	7.93%	8.86%	16.60%	14.41%	16.46%	9.20%	15.50%
Return on Net Nonoperating Assets (RNNOA)	0.09%	-0.40%	0.14%	-1.19%	-1.38%	-2.18%	-4.49%	-3.29%	-2.74%	-2.14%	-4.15%
Return on Equity (ROE)	3.66%	6.69%	-0.03%	6.89%	10.31%	8.02%	13.47%	13.27%	17.92%	12.93%	14.94%
Cash Return on Invested Capital (CROIC)	-0.47%	3.66%	6.45%	5.78%	16.68%	13.76%	6.66%	23.30%	17.05%	17.82%	18.10%
Operating Return on Assets (OROA)	1.76%	4.13%	0.09%	3.62%	5.29%	4.90%	7.49%	6.89%	8.47%	6.78%	7.46%
Return on Assets (ROA)	2.24%	4.14%	0.15%	3.55%	5.31%	3.87%	6.49%	6.27%	8.03%	6.92%	7.50%
Return on Common Equity (ROCE)	3.61%	6.61%	-0.03%	6.79%	10.17%	7.91%	13.29%	13.10%	17.69%	12.76%	14.76%
Return on Equity Simple (ROE_SIMPLE)	6.11%	0.00%	8.01%	11.59%	12.98%	0.00%	15.65%	16.68%	17.99%	0.00%	17.24%
Net Operating Profit after Tax (NOPAT)	174	339	-7.83	389	561	462	732	805	1,000	700	814
NOPAT Margin	0.86%	1.58%	-0.04%	1.75%	2.57%	2.01%	3.37%	3.20%	4.15%	2.70%	3.30%
Net Nonoperating Expense Percent (NNEP)	4.29%	4.99%	0.55%	1.97%	3.75%	1.33%	1.36%	2.15%	4.20%	5.87%	3.59%
Return On Investment Capital (ROIC_SIMPLE)	0.52%	1.05%	-	-	-	1.42%	-	-	-	2.09%	-
Cost of Revenue to Revenue	94.15%	93.68%	93.15%	93.73%	92.41%	92.43%	91.66%	92.52%	91.36%	93.21%	92.66%
SG&A Expenses to Revenue	4.62%	4.39%	4.54%	4.08%	4.35%	4.00%	3.76%	3.34%	3.66%	3.46%	3.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.81%	4.45%	7.08%	4.11%	4.44%	4.85%	4.12%	3.58%	3.69%	3.60%	3.43%
Earnings before Interest and Taxes (EBIT)	229	560	11	491	716	685	951	1,019	1,236	1,004	1,032
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	516	847	299	777	996	962	1,212	1,281	1,495	1,258	1,292
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	1.08	1.30	1.34	1.36	1.52	1.55	1.59	1.68	1.96	1.78
Price to Tangible Book Value (P/TBV)	1.51	1.55	1.91	1.95	1.95	2.07	2.08	2.15	2.29	2.68	2.43
Price to Revenue (P/Rev)	0.27	0.28	0.33	0.33	0.34	0.39	0.40	0.40	0.41	0.47	0.43
Price to Earnings (P/E)	16.86	13.28	15.89	11.39	10.35	10.56	9.94	9.56	9.38	10.96	10.42
Dividend Yield	4.19%	4.00%	3.26%	3.17%	2.99%	2.61%	2.40%	2.34%	2.16%	1.85%	2.06%
Earnings Yield	5.93%	7.53%	6.29%	8.78%	9.66%	9.47%	10.06%	10.46%	10.66%	9.12%	9.60%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.09	1.34	1.38	1.42	1.67	1.72	1.79	1.82	2.27	2.09
Enterprise Value to Revenue (EV/Rev)	0.26	0.25	0.30	0.31	0.31	0.33	0.34	0.33	0.37	0.41	0.36
Enterprise Value to EBITDA (EV/EBITDA)	8.84	7.19	8.53	6.89	6.29	6.34	6.32	6.27	6.61	7.52	6.60
Enterprise Value to EBIT (EV/EBIT)	16.71	11.80	13.60	9.57	8.31	8.06	7.87	7.78	8.08	9.23	8.14
Enterprise Value to NOPAT (EV/NOPAT)	26.25	17.42	19.53	12.69	10.95	10.46	10.22	10.05	10.51	12.02	10.66
Enterprise Value to Operating Cash Flow (EV/OCF)	12.34	7.52	5.14	5.75	4.14	7.03	16.40	6.61	12.19	11.96	8.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	30.16	20.85	24.50	8.34	12.32	27.35	7.43	10.72	12.84	11.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.45	0.45	0.47	0.42	0.34	0.33	0.34	0.42	0.37	0.36
Long-Term Debt to Equity	0.34	0.34	0.34	0.37	0.35	0.34	0.32	0.33	0.31	0.31	0.32
Financial Leverage	-0.12	-0.19	-0.20	-0.20	-0.17	-0.25	-0.27	-0.23	-0.17	-0.23	-0.27
Leverage Ratio	2.36	2.30	2.24	2.27	2.33	2.33	2.27	2.35	2.51	2.45	2.38
Compound Leverage Factor	3.63	2.74	22.02	2.75	2.88	2.50	2.46	2.61	2.84	2.96	2.83
Debt to Total Capital	33.08%	31.17%	31.07%	31.98%	29.77%	25.48%	24.59%	25.54%	29.43%	27.16%	26.44%
Short-Term Debt to Total Capital	10.37%	7.91%	7.61%	7.00%	5.18%	0.32%	0.34%	1.25%	7.73%	4.28%	3.23%
Long-Term Debt to Total Capital	22.71%	23.26%	23.46%	24.98%	24.60%	25.16%	24.24%	24.28%	21.69%	22.89%	23.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.79%	0.81%	0.91%	0.95%	0.95%	1.01%	1.04%	1.00%	0.94%	0.98%	0.97%
Common Equity to Total Capital	66.13%	68.03%	68.02%	67.07%	69.27%	73.51%	74.37%	73.46%	69.63%	71.85%	72.59%
Debt to EBITDA	4.54	3.48	3.31	2.68	2.24	1.69	1.59	1.63	1.85	1.66	1.61
Net Debt to EBITDA	-0.71	-1.09	-0.98	-0.69	-0.85	-1.16	-1.21	-1.24	-0.82	-1.15	-1.31
Long-Term Debt to EBITDA	3.11	2.60	2.50	2.09	1.85	1.67	1.57	1.55	1.37	1.40	1.41
Debt to NOPAT	13.47	8.43	7.57	4.92	3.90	2.79	2.57	2.61	2.95	2.65	2.59
Net Debt to NOPAT	-2.10	-2.65	-2.24	-1.28	-1.48	-1.91	-1.96	-1.98	-1.31	-1.83	-2.11
Long-Term Debt to NOPAT	9.25	6.29	5.72	3.85	3.22	2.75	2.54	2.48	2.17	2.24	2.27
Altman Z-Score	2.78	2.86	2.99	3.07	3.11	3.34	3.51	3.52	3.36	3.35	3.30
Noncontrolling Interest Sharing Ratio	1.27%	1.27%	1.35%	1.37%	1.35%	1.35%	1.35%	1.27%	1.28%	1.31%	1.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	1.39	1.40	1.44	1.47	1.60	1.69	1.63	1.51	1.46	1.51
Quick Ratio	0.26	0.23	0.24	0.28	0.25	0.30	0.33	0.29	0.24	0.25	0.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-742	-170	-92	-645	1,362	9.51	-1,298	1,975	931	480	525
Operating Cash Flow to CapEx	-117.53%	65.45%	341.21%	129.28%	213.41%	585.19%	224.94%	874.22%	-492.35%	27.20%	1,179.77%
Free Cash Flow to Firm to Interest Expense	-4.70	-0.95	-0.53	-3.45	8.20	0.06	-8.37	10.97	6.33	3.58	5.41
Operating Cash Flow to Interest Expense	-2.16	1.80	7.47	2.50	4.22	15.57	6.40	13.94	-10.95	0.97	41.47
Operating Cash Flow Less CapEx to Interest Expense	-4.01	-0.95	5.28	0.57	2.24	12.91	3.55	12.34	-13.18	-2.60	37.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.55	1.59	1.62	1.64	1.61	1.64	1.71	1.70	1.65	1.75	1.78
Accounts Receivable Turnover	19.51	21.54	21.19	20.91	21.21	20.51	21.24	21.15	23.43	24.66	23.29
Inventory Turnover	6.78	6.78	7.36	7.35	6.41	6.47	7.29	7.00	5.88	6.43	7.46
Fixed Asset Turnover	7.77	8.01	8.27	8.55	8.88	9.19	9.78	10.09	10.27	10.29	10.15
Accounts Payable Turnover	5.90	5.80	6.19	6.25	5.74	5.43	5.87	6.02	5.67	5.69	6.04
Days Sales Outstanding (DSO)	18.71	16.94	17.23	17.46	17.21	17.79	17.18	17.26	15.58	14.80	15.67
Days Inventory Outstanding (DIO)	53.86	53.84	49.59	49.63	56.95	56.44	50.05	52.15	62.10	56.80	48.90
Days Payable Outstanding (DPO)	61.92	62.90	58.99	58.40	63.57	67.24	62.20	60.67	64.42	64.10	60.39
Cash Conversion Cycle (CCC)	10.65	7.88	7.83	8.69	10.59	7.00	5.03	8.74	13.26	7.50	4.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20,658	19,243	19,300	19,725	19,742	18,734	19,216	18,691	20,543	18,282	17,186
Invested Capital Turnover	4.15	4.50	4.52	4.62	4.55	5.08	5.32	5.18	4.97	5.59	5.79
Increase / (Decrease) in Invested Capital	916	509	84	1,034	-801	452	2,030	-1,170	69	220	289
Enterprise Value (EV)	21,570	20,983	25,890	27,213	28,018	31,370	33,138	33,388	37,480	41,581	35,950
Market Capitalization	23,031	23,908	28,564	29,636	31,495	36,768	39,150	39,636	41,797	47,583	42,761
Book Value per Share	$46.11	$46.32	$45.96	$44.79	$45.54	$45.24	$47.06	$45.79	$45.36	$44.21	$42.81
Tangible Book Value per Share	$31.78	$32.18	$31.32	$30.70	$31.71	$33.36	$35.14	$33.78	$33.35	$32.29	$31.46
Total Capital	33,447	32,588	32,303	33,021	33,519	32,830	33,922	33,949	35,703	33,796	33,059
Total Debt	11,065	10,157	10,036	10,560	9,980	8,365	8,341	8,670	10,506	9,180	8,740
Total Long-Term Debt	7,596	7,580	7,578	8,247	8,245	8,259	8,224	8,244	7,745	7,735	7,671
Net Debt	-1,724	-3,188	-2,967	-2,736	-3,797	-5,731	-6,365	-6,588	-4,654	-6,334	-7,133
Capital Expenditures (CapEx)	291	492	381	362	328	439	441	287	327	478	341
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,413	2,288	2,220	2,852	2,800	2,615	3,297	2,731	4,721	2,617	2,258
Debt-free Net Working Capital (DFNWC)	11,180	10,357	10,081	10,591	11,011	11,211	12,534	12,324	14,356	12,664	12,702
Net Working Capital (NWC)	7,711	7,780	7,623	8,278	9,276	11,105	12,417	11,898	11,595	11,219	11,633
Net Nonoperating Expense (NNE)	-118	-222	-26	-92	-158	-80	-92	-123	-172	-324	-223
Net Nonoperating Obligations (NNO)	-1,724	-3,188	-2,967	-2,736	-3,797	-5,731	-6,365	-6,588	-4,654	-6,334	-7,133
Total Depreciation and Amortization (D&A)	287	287	288	286	280	277	261	262	259	254	260
Debt-free, Cash-free Net Working Capital to Revenue	4.07%	2.68%	2.55%	3.21%	3.05%	2.78%	3.40%	2.73%	4.63%	2.58%	2.29%
Debt-free Net Working Capital to Revenue	13.33%	12.11%	11.59%	11.93%	12.01%	11.93%	12.94%	12.34%	14.08%	12.47%	12.87%
Net Working Capital to Revenue	9.20%	9.10%	8.76%	9.33%	10.11%	11.82%	12.81%	11.91%	11.37%	11.05%	11.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.61	$1.21	$0.04	$0.99	$1.42	$1.09	$1.52	$0.00	$2.13	$1.84	$1.84
Adjusted Weighted Average Basic Shares Outstanding	483M	492M	482M	492M	513M	541M	540M	0.00	550M	562M	561M
Adjusted Diluted Earnings per Share	$0.61	$1.21	$0.04	$0.98	$1.42	$1.09	$1.52	$0.00	$2.12	$1.84	$1.83
Adjusted Weighted Average Diluted Shares Outstanding	483M	493M	483M	493M	514M	542M	540M	0.00	551M	563M	563M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	480.45M	479.71M	478.53M	478.14M	494.44M	509.85M	533.38M	0.00	544.63M	548.01M	549.33M
Normalized Net Operating Profit after Tax (NOPAT)	205	350	322	395	575	606	795	854	1,006	730	837
Normalized NOPAT Margin	1.02%	1.63%	1.62%	1.77%	2.63%	2.64%	3.67%	3.39%	4.18%	2.82%	3.39%
Pre Tax Income Margin	1.75%	3.10%	0.54%	2.68%	4.05%	3.19%	4.75%	4.49%	5.80%	4.68%	4.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.45	3.13	0.06	2.63	4.31	4.15	6.14	5.66	8.41	7.49	10.64
NOPAT to Interest Expense	1.10	1.89	-0.05	2.08	3.38	2.80	4.72	4.47	6.80	5.22	8.39
EBIT Less CapEx to Interest Expense	-0.39	0.38	-2.13	0.69	2.34	1.49	3.29	4.07	6.18	3.93	7.12
NOPAT Less CapEx to Interest Expense	-0.74	-0.86	-2.23	0.14	1.40	0.14	1.88	2.88	4.58	1.66	4.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	72.71%	55.82%	55.85%	38.43%	32.72%	28.19%	24.32%	22.59%	20.59%	20.60%	21.39%
Augmented Payout Ratio	146.67%	186.62%	276.42%	194.27%	153.83%	105.31%	58.97%	76.69%	60.85%	53.81%	50.39%

Frequently Asked Questions About Archer-Daniels-Midland's Financials

When does Archer-Daniels-Midland's financial year end?

According to the most recent income statement we have on file, Archer-Daniels-Midland's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Archer-Daniels-Midland's net income changed over the last 9 years?

Archer-Daniels-Midland's net income appears to be on an upward trend, with a most recent value of $1.78 billion in 2024, falling from $1.85 billion in 2015. The previous period was $3.47 billion in 2023. See Archer-Daniels-Midland's forecast for analyst expectations on what’s next for the company.

What is Archer-Daniels-Midland's operating income?

Archer-Daniels-Midland's total operating income in 2024 was $1.53 billion, based on the following breakdown:

Total Gross Profit: $5.78 billion
Total Operating Expenses: $4.25 billion

How has Archer-Daniels-Midland revenue changed over the last 9 years?

Over the last 9 years, Archer-Daniels-Midland's total revenue changed from $67.70 billion in 2015 to $85.53 billion in 2024, a change of 26.3%.

How much debt does Archer-Daniels-Midland have?

Archer-Daniels-Midland's total liabilities were at $30.84 billion at the end of 2024, a 2.2% increase from 2023, and a 38.7% increase since 2015.

How much cash does Archer-Daniels-Midland have?

In the past 9 years, Archer-Daniels-Midland's cash and equivalents has ranged from $611 million in 2024 to $2.00 billion in 2018, and is currently $611 million as of their latest financial filing in 2024.

How has Archer-Daniels-Midland's book value per share changed over the last 9 years?

Over the last 9 years, Archer-Daniels-Midland's book value per share changed from 29.99 in 2015 to 46.32 in 2024, a change of 54.4%.

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This page (NYSE:ADM) was last updated on 5/27/2025 by MarketBeat.com Staff

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Archer-Daniels-Midland (ADM) Financials

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Archer-Daniels-Midland (ADM) Financials

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Frequently Asked Questions About Archer-Daniels-Midland's Financials

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