Archer-Daniels-Midland Co
adm.comWhat Do They Do?
Buys, processes and transports crops, then sells food, feed and fuel products to food, feed and energy customers. It also makes nutrition ingredients for people and animals.
10-K for FY2025, filed Feb 17, 2026The Company partners with thousands of farmers around the world to purchase their crops and uses its integrated global origination…View ↗
The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of…View ↗
The Carbohydrate Solutions segment engages in corn and wheat wet and dry milling and related processing activities. The segment converts…View ↗
The Nutrition segment serves various end markets including food, beverages, and nutritional supplements for humans, and complete feed, feed…View ↗
How Do They Make Money?
ADM earns most from merchandising and transporting agricultural commodities and selling processed goods; commodity contracts are paid when the goods are delivered. It also makes and sells food, feed, fuel and nutrition ingredients.
10-K for FY2025, filed Feb 17, 2026The Company principally generates revenue from merchandising and transporting agricultural commodities, and manufacturing products for use…View ↗
Revenue from physically settled derivative sales contracts primarily relates to forward sales of commodities where such contracts meet the…View ↗
The Nutrition segment serves various end markets including food, beverages, and nutritional supplements for humans, and complete feed, feed…View ↗
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10-K for FY2025, filed Feb 17, 2026
FY2025 revenue by reportable segment ↗
$80.3B
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10-K for FY2025, filed Feb 17, 2026
$80.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Ag Services and Oilseeds
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
77%
FY2022: 78%
|
Ag Services and Oilseeds, FY2025
$61.6B Sources
|
Sold outright |
|
Carbohydrate Solutions
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
13%
FY2022: 14%
|
Carbohydrate Solutions, FY2025
$10.7B Sources
|
Sold outright |
|
Nutrition
Sold outright
|
9.4%
FY2022: 7.5%
|
Nutrition, FY2025
$7.5B Sources
|
Sold outright |
Who Are Their Customers?
Food, feed, energy and industrial businesses buy commodities and processed products; human and animal nutrition markets buy ingredients and solutions. ADM distributes products to customers, co-manufacturers and distributors.
10-K for FY2025, filed Feb 17, 2026The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of…View ↗
The Nutrition segment serves various end markets including food, beverages, and nutritional supplements for humans, and complete feed, feed…View ↗
The Company has developed a comprehensive transportation capability that it uses to efficiently distribute both commodities and processed…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 5 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 4, 2026
Open tableView ↗
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Aug 4, 2026
Raised its 2026 adjusted earnings-per-share outlook
The company raised its full-year range from $4.15 to $4.70 to approximately $5.15 to $5.60.
Sources
8-K, filed Aug 4, 2026
ADM now expects 2026 adjusted EPS1,2 of approximately $5.15 to $5.60, up from the prior adjusted EPS1,2 guidance range of $4.15 to $4.70…View ↗
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