Archer-Daniels-Midland buys, processes, and sells agricultural commodities at scale. Its core business involves crushing oilseeds (like soybeans) and milling corn and wheat into ingredients used by food, beverage, and animal feed manufacturers. It also trades and merchandises grain globally, moving crops through an owned network of storage, transport, and port assets. Additional revenue comes from producing corn-derived products—sweeteners, starches, and ethanol—and from selling flavor, protein, and specialty ingredient products to food and feed companies. Customers are primarily industrial buyers: food producers, livestock operators, fuel blenders, and agricultural traders.
Employees41,496IPOSep 10, 1945SIC2076HQ77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601
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Financials
Profitability
Metric
Current
Margins
Gross Margin
6.9%
Operating Margin
2.3%
EBITDA Margin
4.7%
Net Margin
2.2%
OCF Margin
3.4%
FCF Margin
2.0%
Returns on Capital
ROE
7.8%
ROA
3.3%
ROIC
3.5%
ROCE
8.1%
ROC (Greenblatt)
13.6%
3Y ROIIC
53.2%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
22.63
Forward P/E
15.93
P/E ex-NRI
19.03
Shiller P/E (CAPE)
17.43
Cash Flow Multiples
P/FCF
23.87
P/OCF
14.32
P/Owner Earnings
30.18
FCF Yield
4.21%
Enterprise Value Multiples
EV / EBIT
17.97
EV / Forward EBIT
15.44
EV / EBITDA
12.46
EV / Forward EBITDA
11.15
EV / Revenue
0.59
EV / Forward Revenue
0.59
Asset / Sales
P/S
0.49
P/B
1.69
P/Tangible Book
2.33
Growth-Adjusted
PEG
11.89
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
2.49%
Forward Dividend Yield
2.52%
3Y Dividend Growth
8.4%
Payout Ratio
0.47
5Y Yield on Cost
3.83%
Buybacks & Dilution
3Y Buyback Ratio
4.30%
5Y Share Change
−14.3%
Combined
Shareholder Yield
6.86%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.40
Gross Debt / EBITDA
2.41
Cash / Debt
0.12
Equity / Assets
0.44
Coverage
Interest Coverage
3.19
Short-Term Liquidity
Current Ratio
1.39
Quick Ratio
0.86
Cash Ratio
0.05
Composite Scores
Piotroski F-Score
7
Altman Z-Score
3.24
Split History
Date
Split
2001-08-30
1.05:1
2000-08-24
1.05:1
1999-08-19
1.05:1
1998-08-20
1.05:1
1997-08-14
1.05:1
1996-08-15
1.05:1
1995-08-17
1.05:1
1994-12-06
1.5:1
1994-08-16
1.05:1
1993-08-17
1.05:1
1992-08-11
1.05:1
1991-08-13
1.05:1
1990-08-14
1.05:1
1989-12-05
1.5:1
1989-08-22
1.05:1
1988-08-16
1.05:1
1987-08-11
1.05:1
1986-08-12
1.05:1
1986-06-03
1.5:1
1985-08-13
1.05:1
1984-08-14
1.05:1
1983-08-16
1.05:1
1982-08-17
1.05:1
1981-08-17
1.05:1
1981-03-23
1.5:1
1980-10-27
1.05:1
1979-08-27
1.05:1
1978-08-28
1.05:1
1977-08-26
1.05:1
1975-12-11
1.5:1
1974-12-10
1.1:1
1973-12-03
2:1
1972-12-04
2:1
Ex-date
Amount
Pay date
2026-08-19
$0.52
2026-09-09
2026-05-20
$0.52
2026-06-10
2026-02-17
$0.52
2026-03-10
2025-11-19
$0.51
2025-12-11
2025-08-20
$0.51
2025-09-10
2025-05-21
$0.51
2025-06-11
2025-02-18
$0.51
2025-03-11
2024-11-21
$0.5
2024-12-12
2024-08-21
$0.5
2024-09-11
2024-05-15
$0.5
2024-06-05
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View allDate
Transcript
Type
2026-08-04
Q2 2026 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2026-05-05
Q1 2026 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2026-02-03
Q4 2025 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2025-12-03
Archer-Daniels-Midland Co at Goldman Sachs Industrials and Materials Conference Transcript
Conference Presentations
2025-11-04
Q3 2025 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2025-08-05
Q2 2025 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2025-05-06
Q1 2025 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2025-02-04
Q4 2024 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2024-12-03
Q3 2024 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
2024-07-30
Q2 2024 Archer-Daniels-Midland Co Earnings Call Transcript
Earnings Call
10 of 62
5-Step DuPont Analysis
ROE %
7.70%
×
×
Net Margin %
2.16%
×
×
Operating Margin %
2.30%
Operating Income
$1.89B
÷
Revenue
$82.10B
×
Tax Burden
0.8449
Net Income
$1.77B
÷
Pretax Income
$2.10B
×
Interest Burden
1.1102
Pretax Income
$2.10B
÷
Operating Income
$1.89B
×
Asset Turnover
1.56
÷
Revenue
$82.10B
÷
Average Total Assets
$52.76B
Begin Total Assets
$52.00B
End Total Assets
$53.53B
×
Equity Multiplier
2.29
÷
Avg Total Assets
$52.76B
÷
Avg Stockholders Equity
$23.00B
Begin Equity
$22.43B
End Equity
$23.57B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 46.8M | 9.72% | 0 | $3.58B |
| BlackRock, Inc. | 44.6M | 9.27% | +1.8M | $3.41B |
| STATE STREET CORP | 33.6M | 6.99% | -26.7K | $2.57B |
| VANGUARD CAPITAL MANAGEMENT LLC | 31.5M | 6.54% | +251.1K | $2.41B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 26.9M | 5.59% | +875.2K | $2.06B |
| WELLINGTON MANAGEMENT GROUP LLP | 17.7M | 3.67% | +382.5K | $1.35B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 16.6M | 3.45% | +1.3M | $1.27B |
| Dodge & Cox | 14.2M | 2.95% | -1.6M | $1.08B |
| GEODE CAPITAL MANAGEMENT, LLC | 13.3M | 2.77% | +271.3K | $1.01B |
| NORTHERN TRUST CORP | 11.5M | 2.38% | -637.3K | $875.14M |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Cuddy Christopher MOfficer | 328.1K | 0.0682% | $27.10M |
| Morris Gregory AOfficer | 296.9K | 0.0617% | $24.53M |
| Rowe Jeffrey DOfficer | 259.9K | 0.0540% | $21.47M |
| Patolawala Monish DOfficer | 218.3K | 0.0454% | $18.03M |
| Weber Jennifer LOfficer | 121.6K | 0.0253% | $10.05M |
| Pinner Ian ROfficer | 87.8K | 0.0182% | $7.25M |
| Jones ReginaOfficer | 87.0K | 0.0181% | $7.19M |
| Nichol Carrie AnnOfficer | 34.5K | 0.0072% | $2.85M |
| Strader Fruit Molly LOfficer | 15.0K | 0.0031% | $1.24M |
| LUCIANO JUAN ROfficer | — | — | — |
10 of 16· 1 withheld
View allRecent insider activity
through Sep 8, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Jones ReginaOfficer | Tax Withholding | -1.7K | $144.3K | Sep 8, 2026 |
| Rowe Jeffrey DOfficer | Grant/Award (Rule 16b-3(d)) | +259.9K | $0 | Aug 17, 2026 |
| Patolawala Monish DOfficer | Tax Withholding | -6.7K | $532.7K | Aug 3, 2026 |
| LUCIANO JUAN ROfficer | Tax Withholding | -16.9K | $1.16M | Mar 20, 2026 |
| Jones ReginaOfficer | Tax Withholding | -2.4K | $174.6K | Mar 18, 2026 |
| Morris Gregory AOfficer | Tax Withholding | -3.2K | $230.4K | Mar 18, 2026 |
| Cuddy Christopher MOfficer | Tax Withholding | -3.0K | $216.4K | Mar 18, 2026 |
| Pinner Ian ROfficer | Tax Withholding | -2.9K | $209.4K | Mar 18, 2026 |
| Weber Jennifer LOfficer | Tax Withholding | -2.0K | $146.6K | Mar 18, 2026 |
| Cuddy Christopher MOfficer | Open-Market or Private Sale | -35.0K | $2.57M | Mar 13, 2026 |
10 of 3,600
View all