Reading the tape
NYSE: ADM
Archer-Daniels-Midland Company
Consumer Defensive · Agricultural Farm Products
Market Cap
$36.75B
52w High
$77.37
52w Low
$46.81
P/E
34.24
Volume
4.01M
Outstanding Shares
481.90M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 60.57%Revenue (TTM): -6.13%FCF (TTM): 242.07%P/FCF: 28th pct
What changed
The stock rose 60.57% over the last year. Revenue declined 6.13% over the trailing twelve months. Operating margin moved from 2.42% to 1.33%. Free cash flow grew 242.07% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 1.33%. A decisive move in revenue — currently down 6.13% — would be the clearest signal to resolve the ambiguity.
Company profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally.
CEOJuan Ricardo Luciano
SectorConsumer Defensive
IndustryAgricultural Farm Products
Employees42,383
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA11.56
Enterprise value$35.22B
Stock splits
Aug 30, 2001↑ Forward
Every 20 shares became 21
Aug 24, 2000↑ Forward
Every 20 shares became 21
Aug 19, 1999↑ Forward
Every 20 shares became 21
Aug 20, 1998↑ Forward
Every 20 shares became 21
Aug 14, 1997↑ Forward
Every 20 shares became 21
Aug 15, 1996↑ Forward
Every 20 shares became 21
Aug 17, 1995↑ Forward
Every 20 shares became 21
Dec 6, 1994↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth-13.68%
Gross margin5.8%▼7.18%vs FY2024
Operating margin1.33%▼26.77%vs FY2024
ROE4.74%▼41.60%vs FY2024
Analyst consensus
RatingHold
Target price$60.33▼20.90%
12
Buy
21
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $0.66 · Revenue est $21.35B
View
Dividends
$2.05/shareQuarterlyDividend Aristocrat · 27yrStretchedADM pays a dividend with a 2.69% dividend yield, 27 consecutive years of growth, growing at 7.17% annually, covered 4.3× by free cash flow.
Dividend Yield
2.69%
Annual Div / Share
$2.05
5yr CAGR
+7.17%
Doubles every ~10.0yr
Payout Ratio
91.56%
Stretched
Dividend Growth Rate
3yr CAGR
+7.5%
5yr CAGR
+7.17%
10yr CAGR
+6.04%
Dividend Safety
6/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.05+2.0%
2024$2.01+8.6%
2023$1.85+12.1%
2022$1.65+9.3%
2021$1.51+4.1%
2020$1.45+2.8%
2019$1.41+4.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$27/yr
$2/mo
In 5 yrs
$38/yr+41%
$3/mo
In 10 yrs
$54/yr+100%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$27/yr $2/mo | $38/yr+41% $3/mo | $54/yr+100% $4/mo |
Yield-on-cost grows from 2.69% → 5.37% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
ADM has raised its dividend for 27 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 4.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 7.17% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 91.56% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Congressional Activity
Congress Trades in ADM
STOCK Act disclosures from senators and representatives.
Gilbert Cisneros
CAhouseDemocratSale2026-03-20$50,001 - $100,000+19d to disclose