Archer-Daniels-Midland processes crops into food ingredients, animal feed, and industrial and energy products. It crushes oilseeds such as soybeans, mills and processes corn, makes sweeteners, starches and ethanol, and supplies nutrition ingredients for people and animals. It also stores, transports and trades grain through a global network. The business is organised around agricultural services and oilseeds, carbohydrate solutions and nutrition.
ADM earns money from processing margins, from trading and merchandising crops, and from its ingredient businesses. Revenue is $82.1 billion over the last twelve months, but revenue growth over three years is -7.5% a year. The operating margin is 3.3%, and the business earns a profit of 7% on the capital invested in it. It carries net debt of 1.8 times EBITDA, and the dividend yield is 2.5%. On the site's X-Ray Score it receives 38 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $54.00 – $88.75Volume 2,850,800Daily, split-adjusted
Vitals
Market cap$40.1B
52-week range$54.00 – $88.75
Volume (last day)2,850,800
P/E (TTM)22.6
EBIT / EV yield5.7%
Free-cash-flow yield4.2%
Dividend yield2.5%
Revenue (TTM)$82.1B
Net income (TTM)$1.8B
Operating margin3.3%
Return on capital7.5%
Debt incl. leases$8.0B
Cash & securities$1.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$95model spread $91 – $98
Fair+14.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $83
Undervalued < $66Fair $66 – $123Overvalued > $123
10-year DCF (market-scaled)
$85
Peer multiples
$88
Earnings power floor (not blended)
$55
Fundamentals-adjusted multiple
$111
Growth the price implies
10.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.
ValuationWeak
49/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.7%
Free-cash-flow yield4.2%
Fair value vs price1.1×
GrowthWeak
23/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-7.5%
EPS growth (3y)-33.9%
Growth consistency30%
ProfitabilityWeak
32/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital7.5%
Operating margin3.3%
Gross profitability10.5%
Financial healthWeak
43/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA1.8×
Interest cover4.5×
DividendsWeak
46/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.5%
Dividends vs free cash flow60%
Dividend growth3.2%
Quarterly results: last 6 quarters
-7.7%Mar '25
-4.9%Jun '25
+2.2%Sep '25
-13.7%Dec '25
+1.6%Mar '26
+7.2%Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $22.7B, diluted EPS $1.87.
Other Agricultural Products & Services companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 6 Average · ● 8 Bad
Cash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 36/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$85.2B
$101.6B
$93.9B
$85.5B
$80.3B
Operating income
$3.6B
$5.6B
$4.9B
$3.0B
$1.9B
Net income
$2.7B
$4.3B
$3.5B
$1.8B
$1.1B
Operating cash flow
$6.6B
$3.5B
$4.5B
$2.8B
$5.5B
Operating margin
4.2%
5.5%
5.3%
3.5%
2.3%
Free cash flow
$5.4B
$2.2B
$3.0B
$1.2B
$4.2B
Diluted EPS
$4.79
$7.71
$6.43
$3.65
$2.23
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
11 bullish · 4 neutral · 1 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
SMA 10
82.12
Bullish
EMA 10
82.20
Bullish
SMA 20
81.56
Bullish
EMA 20
82.16
Bullish
SMA 50
82.11
Bullish
EMA 50
81.87
Bullish
SMA 100
80.93
Bullish
EMA 100
80.00
Bullish
SMA 200
74.95
Bullish
EMA 200
75.22
Bullish
Oscillators (daily)
RSI (14)
51.59
Neutral
MACD (12, 26)
-0.03
Bearish
Momentum (12)
4.07
Bullish
Stochastic %K (14)
72.98
Neutral
Williams %R (14)
-27.02
Neutral
CCI (20)
76.51
Neutral
Pivot points (classic, last session)
S3
80.27
S2
81.30
S1
81.96
Pivot
82.99
R1
83.65
R2
84.68
R3
85.34
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.07 USD
Yield on today's price
2.51%
Frequency
Quarterly
Next ex-dividend date
Not announced
Ex-dividend date
Amount per share
19 Aug 2026
0.5200
20 May 2026
0.5200
17 Feb 2026
0.5200
19 Nov 2025
0.5100
20 Aug 2025
0.5100
21 May 2025
0.5100
18 Feb 2025
0.5100
21 Nov 2024
0.5000
21 Aug 2024
0.5000
15 May 2024
0.5000
7 Feb 2024
0.5000
14 Nov 2023
0.4500
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.