Archer-Daniels-Midland (ADM) FY2024 results: revenue $85.5 billion, down 8.9% on the year
Archer-Daniels-Midland Co. (ADM) reported revenue of $85.5 billion for fiscal 2024, the year ended 31 December 2024, down 8.9% on the year before. Net income was $1.8 billion, down 48.3%, and diluted earnings per share $3.65. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$85.5 billion
-8.9% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$1.8 billion
-48.3% on the year
FY2017FY2024
Diluted EPS
$3.65
-43.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,790
4,460
3,478
-37.4%
Capital expenditure
1,563
1,494
1,319
+4.6%
Free cash flow
1,227
2,966
2,159
-58.6%
Free cash flow margin
1.4%
3.2%
2.1%
Cash from investing
-2,702
-1,496
-1,400
Cash from financing
-1,530
-4,604
-2,499
Depreciation and amortisation
1,141
1,059
1,028
+7.7%
Share-based compensation
74.0
112
147
-33.9%
Buybacks
2,327
2,673
1,450
-12.9%
Dividends paid
985
977
899
+0.8%
Dividend per share
$2.00
$1.80
$1.60
+11.1%
Diluted shares, weighted
493m
542m
563m
-9.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
22,178
24,145
24,317
-8.1%
Redeemable equity
253
320
299
-20.9%
Debt
10,157
8,365
9,180
+21.4%
Operating lease liabilities
1,057
931
816
+13.5%
Other liabilities
19,626
20,870
25,162
-6.0%
Total liabilities and equity
53,271
54,631
59,774
-2.5%
Fixed assets
10,837
10,508
9,933
+3.1%
Goodwill
4,509
4,103
4,162
+9.9%
Intangible assets
2,260
2,238
2,382
+1.0%
Securities held for sale or to maturity
246
n/a
n/a
Cash and equivalents
611
1,368
1,037
-55.3%
Receivables
3,708
4,232
4,926
-12.4%
Inventory
11,572
11,957
14,771
-3.2%
Other assets
19,528
20,225
22,563
-3.4%
Total assets
53,271
54,631
59,774
-2.5%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.