ADMArcher Daniels Midland

Consumer staples · Agricultural Products · NYSE

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

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The biggest changes in the 10-K filed 2026-02-17, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+95.4% Big change FY to 2025-12-31 vs 2024-12-31

“The increase in cash provided by operating activities in 2025 compared to 2024 was due to changes in net working capital, partially offset by lower earnings in the current year.”
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Net income

-40.1% Big change FY to 2025-12-31 vs 2024-12-31

“Other income - net of $150 million decreased $101 million, driven by lower third party insurance recoveries related to Decatur East and West.”
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Gross margin

23.7% → 20.2% (-3.5 pts) Big change FY to 2025-12-31 vs 2024-12-31

“Gross profit decreased $745 million or 13%, to $5.0 billion driven by a decrease in margins of $865 million in Ag Services and Oilseeds, partially offset by a margin increase of $113 million in Nutrition.”
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Revenue

+2.4% FY to 2025-12-31 vs 2024-12-31

“Revenues decreased $5.3 billion to $80.3 billion driven by lower sales volumes ($2.9 billion) and lower sales prices ($2.3 billion).”
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“Ag Services and Oilseeds revenues decreased 7% to $61.6 billion driven by lower sales volumes ($2.8 billion) and lower sales prices ($2.1 billion).”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

Work on ADM in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ADM/export.csv") into a cell.