ARCHER-DANIELS-MIDLAND CO
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 8,410 | 27.0 |
| Stockholders' equity | 22,740 | 73.0 |
| Total capitalization | 31,150 | 100.0 |
481,959,583 shares outstanding at 30 July 2026 (cover page of the 10-Q filed 4 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 7,612 |
| Long-term debt, noncurrent | 6,606 |
| Current maturities | 1,006 |
| Short-term borrowings / commercial paper | 798 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,000,000,000 |
| Treasury shares | 235,500,000 |
| Outstanding at 7/30/26 | 481,959,583 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.04 | 91.5 |
| 2024 | 2.00 | 54.8 |
| 2023 | 1.80 | 28.0 |
| 2022 | 1.60 | 20.8 |
| 2021 | 1.48 | 30.9 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2070, Fats & Oils. Large accelerated filer. Principal executive office: 77 W. Wacker Dr., Chicago, IL 60601. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 24,956 | 24,373 | 25,691 |
| Cost of revenues | 75,236 | 79,752 | 86,422 |
| Gross profit | 5,033 | 5,778 | 7,513 |
| Research and development | 246 | 269 | 256 |
| Selling, general and administrative | 3,609 | 3,706 | 3,456 |
| Depreciation and amortization | 1,181 | 1,141 | 1,059 |
| Interest expense | 612 | 706 | 647 |
| Income before income taxes | 1,255 | 2,255 | 4,294 |
| Income taxes | 182 | 476 | 828 |
| Net income | 1,078 | 1,800 | 3,483 |
| Earned per share, diluted ($) | 2.23 | 3.65 | 6.43 |
| Dividends per share ($) | 2.04 | 2.00 | 1.80 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,015 | 611 |
| Receivables, net | 3,021 | 3,708 |
| Inventories | 10,369 | 11,572 |
| Total current assets | 26,665 | 27,718 |
| Property, plant and equipment, net | 11,179 | 10,837 |
| Goodwill | 4,769 | 4,509 |
| Total assets | 52,389 | 53,271 |
| Total current liabilities | 19,534 | 19,938 |
| Long-term debt | 6,606 | 7,580 |
| Total liabilities and equity | 52,389 | 53,271 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 80,269 | – | 1,078 | 1.3 | 2.23 | 2.04 | 5,452 | 1,248 | 4,204 | 52,389 | 29,649d | 8,410 | 22,740 | 4.7 | 0.37 |
| 12/31/24 | 85,530 | – | 1,800 | 2.1 | 3.65 | 2.00 | 2,790 | 1,563 | 1,227 | 53,271 | 31,093d | 10,157 | 22,178 | 8.1 | 0.46 |
| 12/31/23 | 93,935 | – | 3,483 | 3.7 | 6.43 | 1.80 | 4,460 | 1,494 | 2,966 | 54,631 | 30,486d | 8,365 | 24,145 | 14.4 | 0.35 |
| 12/31/22 | 101,556 | – | 4,340 | 4.3 | 7.71 | 1.60 | 3,478 | 1,319 | 2,159 | 59,774 | 35,457d | 9,180 | 24,317 | 17.8 | 0.38 |
| 12/31/21 | 85,249 | – | 2,709 | 3.2 | 4.79 | 1.48 | 6,595 | 1,169 | 5,426 | 56,136 | 33,628d | 9,539 | 22,508 | 12.0 | 0.42 |
| 12/31/20 | 64,355 | – | 1,772 | 2.8 | 3.15 | 1.44 | (2,386) | 823 | (3,209) | 49,719 | 29,697d | 9,929 | 20,022 | 8.9 | 0.50 |
| 12/31/19 | 64,656 | – | 1,379 | 2.1 | 2.44 | 1.40 | (5,452) | 828 | (6,280) | 43,997 | 24,772d | 8,881 | 19,225 | 7.2 | 0.46 |
| 12/31/18 | 64,341 | – | 1,810 | 2.8 | 3.19 | 1.34 | (4,784) | 842 | (5,626) | 40,833 | 21,837d | 8,388 | 18,996 | 9.5 | 0.44 |
| 12/31/17 | 60,828 | – | 1,595 | 2.6 | 2.79 | 1.28 | (5,966) | 1,049 | (7,015) | 39,963 | 21,641d | 7,493 | 18,322 | 8.7 | 0.41 |
| 12/31/16 | 62,346 | – | 1,279 | 2.1 | 2.16 | 1.20 | (6,508) | 882 | (7,390) | 39,769 | 22,588d | 6,931 | 17,181 | 7.4 | 0.40 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Archer-Daniels-Midland Co
CIK 7084 · EIN 41-0129150
PRINCIPAL OFFICE:
77 W. Wacker Dr., Chicago, IL 60601
Tel.: 312-634-8233
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
2070 · Fats & Oils
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 17 February 2026
FORMER NAMES:
Archer-Daniels-Midland Co; ARCHER DANIELS MIDLAND CO
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/17/26) · 10-K FY2024 (filed 2/20/25) · 10-K/A FY2023 (filed 11/18/24) · 10-K FY2022 (filed 2/14/23) · 10-K FY2021 (filed 2/17/22) · 10-K FY2020 (filed 2/18/21) · 10-K FY2019 (filed 2/18/20) · 10-K FY2018 (filed 2/19/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.