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Screener / SEC EDGAR /CIK 0000007084 /10-K filed Feb 17, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
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NYSE Consumer staples · Agricultural Products

Archer Daniels Midland ADM

ADM quote by TradingView

Archer-Daniels-Midland Company and its subsidiaries (the "Company" or "ADM") unlocks the power of nature to enrich the quality of life. 10-K, Item 1

Headquarters
Chicago, IL
CEO
Juan Luciano
Next results
around Feb 2, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $80.3B through the costs to a net profit of $1.1B · income statement of the 10-K

1% net margin
Revenue to Gross profit: $5.0BRevenue to Cost of revenue: $75.2BGross profit to Net profit: $1.1BGross profit to Costs, tax, other: $4.0B Revenue: $80.3B REVENUE $80.3B −6% Y/Y Gross profit: $5.0B · 6% margin GROSS PROFIT $5.0B 6% margin · −13% Y/Y Cost of revenue: $75.2B · 94% of revenue COST OF REVENUE $75.2B 94% of revenue Net profit: $1.1B · 1% margin NET PROFIT $1.1B 1% margin · −40% Y/Y Costs, tax, other: $4.0B · 5% of revenue COSTS, TAX, OTHER $4.0B 5% of revenue
Gross profit $5.0B 6% margin · −13% Y/Y
Net profit $1.1B 1% margin · −40% Y/Y
The full income statement, year by year

ADM among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: -6.2%, above 3% of 32 peers (their median 2.2%) REVENUE GROWTH -6.2% · above 3% Gross margin: 7.4%, above 7% of 30 peers (their median 40.5%) GROSS MARGIN 7.4% · above 7% Net margin: 3.0%, above 28% of 32 peers (their median 8.8%) NET MARGIN 3.0% · above 28% FCF margin: 0.4%, above 3% of 32 peers (their median 10.7%) FCF MARGIN 0.4% · above 3%
ADM Peer median Below the median

What changed

22 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 17, 2026 against Feb 20, 2025.

Risk factors
22 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Late filing notice (NT 10-K or NT 10-Q)
NT 10-Q filed Nov 12, 2024: the company said its 10-Q would be late
10-K · XBRL
Critical audit matters changed
New this year: Investment in Wilmar Impairment Evaluation (“As explained in Notes 1 and 8 to the consolidated financial statements, the Company evaluates its equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable, recognizing an impairment loss when a dec”). Same as last year: Animal Nutrition Goodwill Impairment Evaluation
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
7 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Late filing notice (NT 10-K or NT 10-Q)
    NT 10-Q filed Nov 12, 2024: the company said its 10-Q would be late
  • Critical audit matters changed
    New this year: Investment in Wilmar Impairment Evaluation (“As explained in Notes 1 and 8 to the consolidated financial statements, the Company evaluates its equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable, recognizing an impairment loss when a dec”). Same as last year: Animal Nutrition Goodwill Impairment Evaluation
  • Receivables -18.5% vs revenue -6.2% (-12.4 pts)
8 more checks with nothing to note
  • Cash from operations $5.5B vs net income $1.1B (FY ending Dec 31, 2025)
  • Inventory -10.4% vs revenue -6.2% (-4.2 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

22 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 22 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    As part of its broader strategy, the Company is focused on operational excellence and driving targeted cost reductions. The Company has implemented plans to improve the performance of its manufacturing and production facilities, increase operating leverage within the Nutrition segment, and reduce third party spend and selling, general,…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    ADM’s assets and operations could be subject to extensive property damage, business disruption, loss in value, nationalization, and expropriation as a result of geopolitical conflicts, acts of terrorism (e.g. purposeful adulteration of the Company’s products), war, and piracy, as well as any sanctions or embargoes resulting from these…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    The Company has historically benefited from the free flow of agricultural and food and feed ingredient products from the U.S. and other sources to markets around the world. Increases in tariff and restrictive trade policies around the world has, and could, negatively impact the Company’s ability to enter certain markets or the price of…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    The Company’s business depends on the quality and safety of the agricultural commodities, ingredients, food, feed, nutritional products, and other products it sources, manufactures, processes, stores, transports, and sells. As a result, the Company is exposed to a wide range of food quality and safety risks. ADM must comply with U.S.…

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$101.6B$93.9B$85.5B$80.3B
Net income$4.3B$3.5B$1.8B$1.1B
Operating cash flow$3.5B$4.5B$2.8B$5.5B
Free cash flow$2.2B$3.0B$1.2B$4.2B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$80.3B ▼ 6.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

7 filings in the last 30 days · SEC EDGAR

All filings
2 more

About the company

Archer Daniels Midland, Chicago, IL · from the 10-K filed Feb 17, 2026

Archer-Daniels-Midland Company and its subsidiaries (the "Company" or "ADM") unlocks the power of nature to enrich the quality of life. The Company is an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. ADM is also a premier human and animal nutrition provider, as well as a leader in health and well-being products.

Headquarters
Chicago, IL
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 3, 2026
Incorporated in
DE

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Sources

The 10-K filed Feb 17, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/ADM/export.csv") into a cell.