A

ARCHER-DANIELS-MIDLAND CO

ADM · CIK 0000007084

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$24.96B2.4%
FY2025
Net income (FY)
$1.08B40.1%
FY2025
Free cash flow (FY)
$4.20B242.6%
FY2025
Diluted EPS (FY)
$2.2338.9%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$50BFY2007 · Revenue $69.82B · Net income $1.78B · 0000007084-10-000043 · filed 2010-08-30FY07Revenue $69.82BNet income $1.78B0000007084-10-000043 · filed 2010-08-30FY2008 · Revenue $69.21B · Net income $1.68B · 0000007084-11-000028 · filed 2011-08-25FY08Revenue $69.21BNet income $1.68B0000007084-11-000028 · filed 2011-08-25FY2009 · Revenue $61.68B · Net income $1.93B · 0000007084-12-000034 · filed 2012-08-27FY09Revenue $61.68BNet income $1.93B0000007084-12-000034 · filed 2012-08-27FY2010 · Revenue $80.68B · Net income $2.04B · 0000007084-12-000034 · filed 2012-08-27FY10Revenue $80.68BNet income $2.04B0000007084-12-000034 · filed 2012-08-27FY2011 · Revenue $89.04B · Net income $1.22B · 0000007084-12-000034 · filed 2012-08-27FY11Revenue $89.04BNet income $1.22B0000007084-12-000034 · filed 2012-08-27FY2012 · Revenue $90.56B · Net income $1.38B · 0000007084-14-000011 · filed 2014-02-26FY12Revenue $90.56BNet income $1.38B0000007084-14-000011 · filed 2014-02-26FY2013 · Revenue $89.80B · Net income $1.34B · 0000007084-16-000046 · filed 2016-02-19FY13Revenue $89.80BNet income $1.34B0000007084-16-000046 · filed 2016-02-19FY2014 · Revenue $81.20B · Net income $2.25B · 0000007084-17-000008 · filed 2017-02-17FY14Revenue $81.20BNet income $2.25B0000007084-17-000008 · filed 2017-02-17FY2015 · Revenue $67.70B · Net income $1.85B · 0000007084-18-000012 · filed 2018-02-16FY15Revenue $67.70BNet income $1.85B0000007084-18-000012 · filed 2018-02-16FY2016 · Revenue $62.35B · Net income $1.28B · 0000007084-19-000012 · filed 2019-02-19FY16Revenue $62.35BNet income $1.28B0000007084-19-000012 · filed 2019-02-19FY2017 · Revenue $60.83B · Net income $1.59B · 0000007084-20-000009 · filed 2020-02-18FY17Revenue $60.83BNet income $1.59B0000007084-20-000009 · filed 2020-02-18FY2018 · Revenue $64.34B · Net income $1.81B · 0000007084-21-000008 · filed 2021-02-18FY18Revenue $64.34BNet income $1.81B0000007084-21-000008 · filed 2021-02-18FY2019 · Revenue $64.66B · Net income $1.38B · 0000007084-22-000008 · filed 2022-02-17FY19Revenue $64.66BNet income $1.38B0000007084-22-000008 · filed 2022-02-17FY2020 · Revenue $64.36B · Net income $1.77B · 0000007084-23-000010 · filed 2023-02-14FY20Revenue $64.36BNet income $1.77B0000007084-23-000010 · filed 2023-02-14FY2021 · Revenue $85.25B · Net income $2.71B · 0000007084-24-000009 · filed 2024-03-12FY21Revenue $85.25BNet income $2.71B0000007084-24-000009 · filed 2024-03-12FY2022 · Revenue $27.61B · Net income $4.34B · 0000007084-25-000011 · filed 2025-02-20FY22Revenue $27.61BNet income $4.34B0000007084-25-000011 · filed 2025-02-20FY2023 · Revenue $25.69B · Net income $3.48B · 0000007084-26-000011 · filed 2026-02-17FY23Revenue $25.69BNet income $3.48B0000007084-26-000011 · filed 2026-02-17FY2024 · Revenue $24.37B · Net income $1.80B · 0000007084-26-000011 · filed 2026-02-17FY24Revenue $24.37BNet income $1.80B0000007084-26-000011 · filed 2026-02-17FY2025 · Revenue $24.96B · Net income $1.08B · 0000007084-26-000011 · filed 2026-02-17FY25Revenue $24.96BNet income $1.08B0000007084-26-000011 · filed 2026-02-17FY25Revenue $24.96BNet income $1.08B0000007084-26-000011 · filed 2026-02-17FY07FY10FY13FY16FY19FY22FY25

net margin 2.5% → 4.3%

MarginsNet marginFCF margin
-10%0%10%FY2007 · Net margin 2.5% · FCF margin -7.1%FY07Net margin 2.5%FCF margin -7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 2.4% · FCF margin 5.0%FY08Net margin 2.4%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 3.1% · FCF margin 1.7%FY09Net margin 3.1%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 2.5% · FCF margin -4.4%FY10Net margin 2.5%FCF margin -4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 1.4% · FCF margin 1.6%FY11Net margin 1.4%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.5% · FCF margin 1.2%FY12Net margin 1.5%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.5% · FCF margin 4.8%FY13Net margin 1.5%FCF margin 4.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 2.8% · FCF margin 5.0%FY14Net margin 2.8%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 2.7% · FCF margin 0.9%FY15Net margin 2.7%FCF margin 0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 2.1% · FCF margin -11.9%FY16Net margin 2.1%FCF margin -11.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 2.6% · FCF margin -11.5%FY17Net margin 2.6%FCF margin -11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 2.8% · FCF margin -8.7%FY18Net margin 2.8%FCF margin -8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 2.1% · FCF margin -9.7%FY19Net margin 2.1%FCF margin -9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 2.8% · FCF margin -5.0%FY20Net margin 2.8%FCF margin -5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 3.2% · FCF margin 6.4%FY21Net margin 3.2%FCF margin 6.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 15.7% · FCF margin 7.8%FY22Net margin 15.7%FCF margin 7.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 13.6% · FCF margin 11.5%FY23Net margin 13.6%FCF margin 11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 7.4% · FCF margin 5.0%FY24Net margin 7.4%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 4.3% · FCF margin 16.8%FY25Net margin 4.3%FCF margin 16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 4.3%FCF margin 16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 4.3% · free cash flow 16.8% of revenue

Cash engineOperating cash flowFree cash flow
−$5B$0$5BFY2007 · OCF −$3.20B · FCF −$4.98B · 0000007084-10-000043 · filed 2010-08-30FY07OCF −$3.20BFCF −$4.98B0000007084-10-000043 · filed 2010-08-30FY2008 · OCF $5.34B · FCF $3.44B · 0000007084-11-000028 · filed 2011-08-25FY08OCF $5.34BFCF $3.44B0000007084-11-000028 · filed 2011-08-25FY2009 · OCF $2.68B · FCF $1.08B · 0000007084-12-000034 · filed 2012-08-27FY09OCF $2.68BFCF $1.08B0000007084-12-000034 · filed 2012-08-27FY2010 · OCF −$2.34B · FCF −$3.59B · 0000007084-12-000034 · filed 2012-08-27FY10OCF −$2.34BFCF −$3.59B0000007084-12-000034 · filed 2012-08-27FY2011 · OCF $2.90B · FCF $1.42B · 0000007084-12-000034 · filed 2012-08-27FY11OCF $2.90BFCF $1.42B0000007084-12-000034 · filed 2012-08-27FY2012 · OCF $2.33B · FCF $1.09B · 0000007084-14-000011 · filed 2014-02-26FY12OCF $2.33BFCF $1.09B0000007084-14-000011 · filed 2014-02-26FY2013 · OCF $5.23B · FCF $4.31B · 0000007084-16-000046 · filed 2016-02-19FY13OCF $5.23BFCF $4.31B0000007084-16-000046 · filed 2016-02-19FY2014 · OCF $4.94B · FCF $4.05B · 0000007084-17-000008 · filed 2017-02-17FY14OCF $4.94BFCF $4.05B0000007084-17-000008 · filed 2017-02-17FY2015 · OCF $1.71B · FCF $580.0M · 0000007084-18-000012 · filed 2018-02-16FY15OCF $1.71BFCF $580.0M0000007084-18-000012 · filed 2018-02-16FY2016 · OCF −$6.51B · FCF −$7.39B · 0000007084-19-000012 · filed 2019-02-19FY16OCF −$6.51BFCF −$7.39B0000007084-19-000012 · filed 2019-02-19FY2017 · OCF −$5.97B · FCF −$7.01B · 0000007084-20-000009 · filed 2020-02-18FY17OCF −$5.97BFCF −$7.01B0000007084-20-000009 · filed 2020-02-18FY2018 · OCF −$4.78B · FCF −$5.63B · 0000007084-21-000008 · filed 2021-02-18FY18OCF −$4.78BFCF −$5.63B0000007084-21-000008 · filed 2021-02-18FY2019 · OCF −$5.45B · FCF −$6.28B · 0000007084-22-000008 · filed 2022-02-17FY19OCF −$5.45BFCF −$6.28B0000007084-22-000008 · filed 2022-02-17FY2020 · OCF −$2.39B · FCF −$3.21B · 0000007084-23-000010 · filed 2023-02-14FY20OCF −$2.39BFCF −$3.21B0000007084-23-000010 · filed 2023-02-14FY2021 · OCF $6.59B · FCF $5.43B · 0000007084-24-000009 · filed 2024-03-12FY21OCF $6.59BFCF $5.43B0000007084-24-000009 · filed 2024-03-12FY2022 · OCF $3.48B · FCF $2.16B · 0000007084-25-000011 · filed 2025-02-20FY22OCF $3.48BFCF $2.16B0000007084-25-000011 · filed 2025-02-20FY2023 · OCF $4.46B · FCF $2.97B · 0000007084-26-000011 · filed 2026-02-17FY23OCF $4.46BFCF $2.97B0000007084-26-000011 · filed 2026-02-17FY2024 · OCF $2.79B · FCF $1.23B · 0000007084-26-000011 · filed 2026-02-17FY24OCF $2.79BFCF $1.23B0000007084-26-000011 · filed 2026-02-17FY2025 · OCF $5.45B · FCF $4.20B · 0000007084-26-000011 · filed 2026-02-17FY25OCF $5.45BFCF $4.20B0000007084-26-000011 · filed 2026-02-17FY25OCF $5.45BFCF $4.20B0000007084-26-000011 · filed 2026-02-17’09’13’17’21’25

FY2025: $5.45B operating cash − $1.25B capex = $4.20B free cash flow

Returns on capitalReturn on equityReturn on assets
0%5%10%15%FY2008 · ROE 12.3% · ROA 5.3%FY08ROE 12.3%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 13.2% · ROA 6.1%FY09ROE 13.2%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 10.8% · ROA 4.8%FY10ROE 10.8%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 6.7% · ROA 2.9%FY11ROE 6.7%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 7.2% · ROA 3.0%FY12ROE 7.2%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 6.6% · ROA 3.1%FY13ROE 6.6%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 11.5% · ROA 5.1%FY14ROE 11.5%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 10.3% · ROA 4.6%FY15ROE 10.3%ROA 4.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 7.4% · ROA 3.2%FY16ROE 7.4%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 8.7% · ROA 4.0%FY17ROE 8.7%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 9.5% · ROA 4.4%FY18ROE 9.5%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 7.2% · ROA 3.1%FY19ROE 7.2%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 8.9% · ROA 3.6%FY20ROE 8.9%ROA 3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 12.0% · ROA 4.8%FY21ROE 12.0%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 17.8% · ROA 7.3%FY22ROE 17.8%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 14.4% · ROA 6.4%FY23ROE 14.4%ROA 6.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 8.1% · ROA 3.4%FY24ROE 8.1%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 4.7% · ROA 2.1%FY25ROE 4.7%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 4.7%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 12% (FY2008) → 5% (FY2025) · on assets 2.1%

The receipts