Archer Daniels Midland
Sources, transports and processes crops into food, feed, fuel and nutrition ingredients.
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Profile
Buys, transports and trades crops, then earns from processing oilseeds, corn and wheat into food, feed, fuel and industrial products, alongside human and animal nutrition ingredients. An integrated global logistics network links farm procurement with crushing, milling and customer delivery.
Connects farmers and crop suppliers with food, feed, fuel and industrial customers through an integrated origination, logistics and processing network. Ag Services and Oilseeds buys, merchandises, transports and stores crops, then crushes oilseeds into vegetable oils and protein meal. Carbohydrate Solutions mills corn and wheat into sweeteners, starches, flour, ethanol and feed ingredients.
Nutrition sells flavors, colors, plant proteins, health ingredients, premixes, complete feed and pet food. Operations source crops across the Americas, Europe, the Middle East, Africa and Asia-Pacific, with more activity in North America and Europe than South America.
Results depend on crop availability and prices, trade flows, transportation access, energy costs, and government policies governing trade and biofuels.
Company facts
Key statistics
Year to date +38.1% · Average volume (30d) 3.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Barclays | Reiterate | Equal Weight | $85 | $90 | |
| Aug 5, 2026 | Morgan Stanley | Upgrade | Underweight | Reduce | $60 | $79 |
| Jul 20, 2026 | Morgan Stanley | Reiterate | Underweight | $58 | $60 | |
| Jun 15, 2026 | UBS | Reiterate | Buy | $90 | $95 | |
| May 7, 2026 | UBS | Reiterate | Buy | $90 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.49 | $1.84 | +23.5% | $22.75B | $22.68B | −0.3% | +2.32% |
| May 5, 2026Q1 FY26 | $0.64 | $0.71 | +10.8% | $21.35B | $20.49B | −4.0% | −1.45% |
| Feb 3, 2026Q4 FY25 | $0.80 | $0.87 | +9.2% | $21.06B | $18.56B | −11.9% | −0.07% |
| Nov 4, 2025Q3 FY25 | $0.85 | $0.92 | +8.4% | $20.77B | $20.37B | −1.9% | −6.37% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $20.18B | $21.19B | $20.37B | $18.56B | $20.49B | $22.68B | |
| Gross profit | $1.18B | $995.0M | $1.27B | $1.21B | $1.22B | $1.94B | |
| Operating income | $248.0M | $100.0M | $397.0M | $320.0M | $408.0M | $896.0M | |
| Net income | $295.0M | $219.0M | $108.0M | $456.0M | $298.0M | $908.0M | |
| Diluted EPS | $0.61 | $0.45 | $0.22 | $0.94 | $0.62 | $1.87 | |
| Gross margin | 5.8% | 4.7% | 6.2% | 6.5% | 6.0% | 8.5% | |
| Operating margin | 1.2% | 0.5% | 1.9% | 1.7% | 2.0% | 4.0% |
Fiscal years (4-quarter sums)FY21 $85.25B · FY22 $101.56B · FY23 $93.94B · FY24 $85.53B · FY25 $80.29B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $9.61B · Total debt $9.34B · Total assets $53.53B · Shareholders' equity $23.58B
Dividends
Raised for 41 straight years — most recently to $0.52 from $0.51 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Sep 9 | $0.52 | |
| May 20, 2026 | May 20 | Jun 10 | $0.52 | |
| Feb 17, 2026 | Feb 17 | Mar 10 | $0.52 | raised from $0.51 |
| Nov 19, 2025 | Nov 19 | Dec 11 | $0.51 | |
| Aug 20, 2025 | Aug 20 | Sep 10 | $0.51 | |
| May 21, 2025 | May 21 | Jun 11 | $0.51 | |
| Feb 18, 2025 | Feb 18 | Mar 11 | $0.51 | raised from $0.50 |
| Nov 21, 2024 | Nov 21 | Dec 12 | $0.50 |
Ownership
Shares outstanding 481.96M · Float 478.70M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| State Farm Mutual Automobile Insurance Co | 46.80M | 9.71% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 44.62M | 9.26% | 13F | Aug 7, 2026 |
| State Street Corp | 33.64M | 6.98% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 31.49M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 26.92M | 5.59% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 13, 2026 | Ian R. Pinner | officer: Senior Vice President | −34,106 | $71.53 |
| Mar 13, 2026 | Christopher M. Cuddy | officer: Senior Vice President | −35,000 | $73.50 |
| Mar 10, 2026 | Gregory A. Morris | officer: Senior Vice President | −50,000 | $68.48 |
| Feb 17, 2026 | Jennifer L. Weber | officer: Senior Vice President | −25,000 | $67.04 |
| Feb 5, 2026 | David R. II McAtee | director | +7,500 | $64.90 |
Peers
- Bunge
Closest ABCD-peer rival across every oilseed and grain segment.
- International Flavors & Fragrances
Full-stack rival in taste, food proteins, and functional ingredients.
- Ingredion
Head-to-head in corn wet-milling, starches, sweeteners, and texturizers.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Archer Daniels Midland | $81.68 | +0.17% | $39.30B | 22.3 | 14.1 | 0.5 | +7.1% |
| Bunge | $115.30 | −0.13% | $22.19B | 22.4 | 10.8 | 0.2 | +88.3% |
| International Flavors & Fragrances | $83.37 | −5.20% | $22.45B | 81.4 | 25.8 | 2.3 | −29.3% |
| Ingredion | $104.00 | −0.54% | $6.60B | 11.4 | 9.5 | 0.9 | +0.9% |
| Median | 22.4 | 10.8 | 0.9 | +0.9% |