Fats & Oils · SIC 2070

Archer-Daniels-Midland Co

ADM

Watch

Latest revenue

$20.49B

as of 2026-03-31

Latest net income

$298.0M

as of 2026-03-31

Net margin

1.5%

as of 2026-03-31

7.4
of 10

ActaClear Score

Above avg
#1 of 5 in Fats & Oils
+0.0 · 2d
Profitability·25%
7.5
Growth·15%
5.0
Value·20%
6.3
Quality·20%
Momentum·20%
10.0

Computed from 5 years of SEC fundamentals + latest market data, ranked within Fats & Oils (5 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.

3.03
Price / FV

Fair value · DCF

Deeply overvalued
~67% downside at this growth
4.5% / yr
-5%30%
Terminal growthWACC 9.1% · 10y forecast
Current price
$80.90
DCF fair value
$26.72
FCF base (last FY)
$1.08B
Net debt
$6.57B

DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.

Community sentiment

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Price · 5Y

+4.2% / yr 15.5 pts / yr vs S&P 500 22.6% total
Compare:

Live market

delayed ≤15 min
$80.90
2.96%
Market cap
$38.99B
Enterprise value
$47.73B
P/E (trailing)
36.2×
Forward P/E
P/B
Dividend yield
2.5%
52-wk high
$85.37
52-wk low
$47.42
Beta
Shares out
482.0M

5-year trend

What this company does

AI

ADM processes and trades agricultural commodities like corn, soybeans, and wheat, turning them into food ingredients, animal feed, vegetable oils, biofuels, and nutrition products sold to food and industrial customers worldwide. Revenue comes mainly from selling these processed crops and ingredients, with merchandising and crushing of oilseeds and grains driving the bulk of sales. Earnings are sliding sharply, with nine-month net income halving to $622 million amid weaker margins and $421 million in restructuring and impairment charges as ADM cuts costs and exits underperforming assets.

Generated from ADM's filing dated 2026-02-17

Key risks

AI
  • Earnings collapse: 9M 2025 net income fell 50% to $622M from $1,233M; Q3 EPS of $0.22 reflects margin pressure across core crushing operations.
  • Recurring impairments: $421M asset impairment, exit and restructuring costs YTD 2025 follow $532M in 2024, signaling persistent write-downs and portfolio issues.
  • Revenue declining: 9M revenue down 3.6% to $61.7B with gross margin compressed to 6.2% from 6.9%, reflecting weak ag commodity pricing environment.

Generated from ADM's filing dated 2026-02-17

Profitability

Gross margin

6.3%

7.2%

Net margin

1.3%

36.2%

Return on assets

2.1%

39.1%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$20.49B+1.6%$298.0M+1.0%1.5%

Q4 2025

2025-12-31

$18.56B-13.7%$456.0M-19.6%2.5%

Q3 2025

2025-09-30

$20.37B+2.2%$108.0M+500.0%0.5%

Q2 2025

2025-06-30

$21.17B-4.9%$219.0M-54.9%1.0%

Q1 2025

2025-03-31

$20.18B-7.7%$295.0M-59.5%1.5%

Q4 2024

2024-12-31

$21.50B$567.0M2.6%

Q3 2024

2024-09-30

$19.94B-8.1%$18.0M-97.8%0.1%

Q2 2024

2024-06-30

$22.25B-11.7%$486.0M-47.6%2.2%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Fats & Oils · SIC 2070

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Insider activity

Insider buying

$486.7K

Insider selling

$10.1M

Net activity

−$9.6M

Distinct insiders

5

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-03-13

Christopher M Cuddy

Senior Vice President

Sale35,000$73.50$2.6M
2026-03-13

Ian R Pinner

Senior Vice President

Sale34,106$71.53$2.4M
2026-03-10

Gregory A Morris

Senior Vice President

Sale50,000$68.48$3.4M
2026-02-17

Jennifer L Weber

Senior Vice President

Sale25,000$67.04$1.7M

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns ADM

Institutional value

$9.34B

Total shares held

133.6M

Distinct holders

761

As of

2026-03-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1VANGUARD CAPITAL MANAGEMENT LLC31.2M$2.27BNew
2VANGUARD PORTFOLIO MANAGEMENT LLC26.0M$1.89BNew
3Invesco Ltd.6.1M$444.0MNew
4DIMENSIONAL FUND ADVISORS LP3.8M$276.6MNew
5Bank of New York Mellon Corp3.4M$249.5MNew
6UBS Group AG2.8M$206.2MNew
7MONETA GROUP INVESTMENT ADVISORS LLC2.8M$202.0MNew
8Legal & General Group Plc2.7M$198.2MNew
9VANGUARD FIDUCIARY TRUST CO2.7M$196.6MNew
10ProShare Advisors LLC2.5M$184.4MNew
11DEUTSCHE BANK AG\2.3M$164.7MNew
12Markel Group Inc.1.5M$109.5MNew
13Nuveen, LLC1.4M$104.6MNew
14Allianz Asset Management GmbH1.4M$103.1MNew
15Swiss National Bank1.4M$102.5MNew
16Russell Investments Group, Ltd.1.3M$91.1MNew
17Sumitomo Mitsui Trust Group, Inc.1.2M$84.1MNew
18Mitsubishi UFJ Asset Management Co., Ltd.1.2M$83.7MNew
19Robeco Institutional Asset Management B.V.1.1M$81.7MNew
20Vanguard Global Advisers, LLC1.1M$79.5MNew

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

AI
  1. 1

    YTD net earnings fell 50% to $622M while gross margin compressed to 6.2%—when does Ag Services & Oilseeds crush margin actually trough?

  2. 2

    You've booked $421M in impairment/restructuring YTD plus another $246M this quarter; what specific assets remain at risk and what's total program cost?

  3. 3

    Inventory dropped $2.87B driving operating cash flow, but is this a sustainable working capital release or signaling weaker forward demand visibility?

Refreshed when ADM files a new report · last from 2026-02-17

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Latest filing impact
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