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ADMArcher-Daniels-Midland Company
$76.79$37.0B
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HomeStocksADMBalance Sheet

Archer-Daniels-Midland Company (ADM) Balance Sheet

30Y historyFree accessUpdated daily

The company's liquidity position appears to be tightening, with the current ratio declining from 1.60 in 2023Q4 to 1.31 in 2026Q1, alongside a debt-to-equity ratio that has fluctuated as high as 0.56.

ADM Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Jun'12Jun'10Jun'09Jun'08Jun'07Jun'06Jun'05Jun'04Jun'03Jun'02Jun'01Jun'00Jun'99Jun'98Jun'97Jun'96
Total Current Assets29.99B8.94B27.72B29.77B35.41B31.91B27.29B21.35B20.59B19.93B21.05B21.83B26.03B28.53B16.11B26.95B27.5B18.39B19.41B25.45B15.12B11.83B10.08B10.34B8.42B7.36B6.15B6.16B5.79B5.45B4.28B
Cash & Short-Term Investments624M1.05B857M1.37B1.04B943M666M852M2B804M915M1.35B1.61B3.55B1.47B1.47B1.35B1.44B1.55B3.3B875M1.11B1.25B1.41B1.31B978.66M817.76M931.45M903.6M346.3M397.8M
Cash Only591M1.01B611M1.37B1.04B943M666M852M2B804M619M910M1.1B3.12B1.29B1.29B615M1.05B1.05B810M663M1.11B334.32M540.21M764.96M844.19M676.09M477.23M681.4M346.3M397.8M
Short-Term Investments33M32M246M0000000296M438M515M433M176M176M739M394M500M2.49B212M0914.32M871.44M544.67M134.47M141.67M454.22M222.2M00
Accounts Receivable5.68B05.95B6.5B7.57B5.77B4.98B5.21B3.84B3.76B4.41B4.66B6.24B5.1B3.44B3.44B4.81B6.12B7.31B11.48B6.4B4.47B4.2B4.04B3.32B2.85B2.42B2.14B1.92B1.99B1.33B
Days Sales Outstanding19.89-25.3925.2427.224.7128.2729.3921.8122.5725.7925.1228.0620.7214.114.121.7536.2338.5660.0353.144.5942.6440.839.474643.9960.6649.1245.1135.03
Inventory11.74B011.57B11.96B14.77B14.48B11.71B9.17B8.81B9.17B8.83B8.24B9.37B11.44B12.19B12.19B12.05B7.87B7.78B10.16B6.06B4.68B4.2B4.59B3.55B3.26B2.63B2.86B2.73B2.56B2.09B
Days Inventory Outstanding36.26-52.9650.557.3666.6871.3755.3153.4758.4254.8947.2144.7648.6152.1352.1357.6149.6743.6256.2154.2450.7745.7749.2944.7156.7851.5994.7180.2566.0263.29
Other Current Assets11.62B7.89B9.06B9.5B11.59B10.34B9.63B5.8B5.75B5.95B6.63B7.17B8.3B8.44B9.86B9.86B9.29B2.96B2.76B512M1.78B1.56B433.41M294.94M241.67M00234.14M231.1M552M463M
Total Non-Current Assets25.6B25.72B25.55B24.86B24.36B24.23B22.43B22.65B20.25B20.04B18.72B18.33B17.97B15.22B14.6B14.82B14.85B13.41B12.17B11.6B10B9.44B9.29B9.03B8.76B8.05B8.19B8.26B8.24B8.38B7.07B
Property, Plant & Equipment12.27B11.18B12.2B11.72B11.02B10.83B10.88B11.08B9.95B10.14B9.76B9.85B9.85B10.14B9.81B9.81B9.5B8.71B7.95B7.13B6.01B5.29B5.27B5.25B5.47B4.89B4.92B5.28B5.57B5.32B4.71B
Fixed Asset Turnover6.66x7.18x7.01x8.02x9.21x7.87x5.91x5.84x6.46x6.00x6.39x6.87x8.24x8.86x9.07x9.07x8.49x7.08x8.71x9.80x7.32x6.91x6.82x6.88x5.62x4.62x4.08x2.44x2.57x3.03x2.94x
Goodwill4.65B04.51B4.1B4.16B4.18B3.45B3.38B2.5B2.37B2.25B2.19B2.01B364M551M603M602M523M532M506M317M322.29M0337.47M0000000
Intangible Assets1.91B6.74B2.26B2.24B2.38B2.56B2.13B2.09B1.54B1.54B1.46B1.5B1.38B197M208M0000000343.99M0344.72M000000
Long-Term Investments21.74B5.56B5.28B5.5B5.47B5.29B4.91B5.13B5.32B5.18B4.68B4.34B4.38B4.05B3.65B3.65B3.91B3.48B3.08B2.77B00000000000
Other Non-Current Assets970M2.24B1.31B1.3B1.33B1.37B1.05B965M934M802M579M447M349M478M-249M752M840M702M607M1.2B3.67B3.83B3.67B3.44B2.95B3.16B3.27B2.98B2.67B3.06B2.36B
Total Assets55.6B34.66B53.27B54.63B59.77B56.14B49.72B44B40.83B39.96B39.77B40.16B44B43.75B30.71B41.77B42.35B31.81B31.58B37.06B25.12B21.27B19.38B19.37B17.18B15.42B14.34B14.42B14.03B13.83B11.35B
Asset Turnover1.66x2.32x1.61x1.72x1.70x1.52x1.29x1.47x1.58x1.52x1.57x1.69x1.85x2.05x2.90x2.13x1.90x1.94x2.19x1.88x1.75x1.72x1.86x1.87x1.79x1.47x1.40x0.89x1.02x1.16x1.22x
Asset Growth %-32.7%-34.94%-2.49%-8.6%6.48%12.91%13.01%7.75%2.18%0.49%-0.97%-8.73%0.56%42.46%-26.48%-1.37%33.15%0.72%-14.77%47.53%18.1%9.77%0.03%12.72%11.46%7.51%-0.58%2.8%1.42%21.83%8.66%
Total Current Liabilities22.88B798M19.94B18.66B24.19B21.95B18.18B13.73B11.78B12.57B13.17B13.51B15.6B15.66B2.11B14.63B13.22B8.83B8.88B14.62B7.87B6.16B5.79B6.75B5.15B4.72B3.87B4.33B3.84B3.72B2.25B
Accounts Payable5.46B05.54B6.31B7.8B6.39B4.47B3.75B3.54B3.89B3.61B3.47B4.33B4.51B2.47B2.47B2.58B5.54B5.79B6.54B4.92B4.01B3.89B3.24B2.85B2.33B1.79B2.14B2B1.63B1.13B
Days Payables Outstanding17.94-25.3326.6630.329.4227.2622.621.5124.822.4119.8920.6619.1710.5810.5812.3334.9532.4336.244.0343.5742.3734.7635.8840.6535.1870.9458.8642.1134.04
Short-Term Debt2.87B798M2.58B106M1.45B1.53B2.04B1.21B690M870M427M98M132M1.52B2.11B3.79B2.05B718M404M3.35B533M629.19M811.84M1.93B1.31B1.27B1.26B1.58B1.27B1.57B628.5M
Deferred Revenue (Current)29.59B08.46B8.64B10.55B9.55B7.09B5.63B5.13B5.49B6.22B6.97B7.56B4.83B-10.84B0000000000000000
Other Current Liabilities1.68B01.32B1.54B2.02B2.4B2.98B1.04B1.1B699M651M605M1.16B824M12.41B3B2.76B0000000000610.74M567.6M516.3M494M
Current Ratio1.31x11.20x1.39x1.60x1.46x1.45x1.50x1.55x1.75x1.59x1.60x1.62x1.67x1.82x7.64x1.84x2.08x2.08x2.18x1.74x1.92x1.92x1.74x1.53x1.64x1.56x1.59x1.42x1.51x1.47x1.91x
Quick Ratio0.80x11.20x0.81x0.95x0.85x0.79x0.86x0.89x1.00x0.86x0.93x1.01x1.07x1.09x1.86x1.01x1.17x1.19x1.31x1.05x1.15x1.16x1.02x0.85x0.95x0.87x0.91x0.76x0.80x0.78x0.97x
Cash Conversion Cycle38.22-53.0249.0854.2661.9872.3862.1153.7756.258.2652.4352.1750.1555.6555.6567.0350.9549.7580.0463.3151.7946.0555.3348.362.1260.484.4370.5169.0164.28
Total Non-Current Liabilities9.62B10.83B10.9B11.5B10.97B11.42B11.44B10.98B10.01B9.02B9.39B8.74B8.77B7.9B10.44B8.98B10.3B8.34B9.04B8.95B6B5.3B5.05B4.92B4.97B3.94B4.14B3.98B3.95B3.61B3.06B
Long-Term Debt6.46B7.61B7.58B8.26B7.74B8.01B7.88B7.67B7.7B6.62B6.5B5.78B5.53B5.35B8.21B6.54B8.27B6.83B7.59B7.69B4.75B4.05B3.7B3.74B3.87B3.11B3.35B3.28B3.19B2.85B2.34B
Capital Lease Obligations3.13B01.06B931M816M765M863M781M00000000000000000000000
Deferred Tax Liabilities3.33B01.27B1.31B1.4B1.41B1.3B1.19B1.07B1.05B1.67B1.56B1.66B1.45B783M1B1.02B439M308M473M532M756.6M762.51M653.83M543.55M631.92M644.29M560.77M619.8M632.9M597.5M
Other Non-Current Liabilities1.07B3.22B997M1B1.01B1.23B1.39B1.33B1.25B1.34B1.22B1.4B1.57B1.1B1.44B1.44B1.01B1.07B1.14B782M713M490.46M592.97M526.66M550.37M198.94M145.91M141.92M137.3M131.3M113.1M
Total Liabilities32.49B11.63B30.84B30.17B35.16B33.37B29.62B24.71B21.79B21.59B22.56B22.24B24.37B23.56B12.54B23.6B23.51B17.18B17.93B23.57B13.87B11.46B10.84B11.67B10.11B8.66B8.01B8.31B7.79B7.33B5.3B
Total Debt10.66B8.41B11.54B9.6B10.29B10.58B11.05B9.88B8.39B7.49B6.93B5.88B5.66B6.87B10.32B10.32B10.32B7.55B8B11.04B5.29B4.68B4.51B5.67B5.18B4.38B4.61B4.86B4.46B4.41B2.97B
Net Debt10.07B7.39B10.93B8.23B9.25B9.64B10.39B9.03B6.39B6.69B6.31B4.97B4.56B3.75B9.03B9.03B9.7B6.5B6.94B10.23B4.62B3.57B4.17B5.13B4.42B3.54B3.93B4.38B3.78B4.07B2.58B
Debt / Equity0.46x0.37x0.51x0.39x0.42x0.46x0.55x0.51x0.44x0.41x0.40x0.33x0.29x0.34x0.57x0.57x0.55x0.52x0.59x0.82x0.47x0.48x0.53x0.74x0.73x0.65x0.73x0.80x0.71x0.68x0.49x
Debt / EBITDA3.58x3.23x3.59x1.88x1.96x2.65x4.03x3.73x2.84x3.04x2.73x2.05x1.52x2.26x3.95x3.57x2.89x2.25x2.31x3.51x1.93x1.93x2.24x3.95x3.63x2.98x3.48x4.27x3.87x3.45x2.70x
Net Debt / EBITDA3.39x2.84x3.40x1.61x1.77x2.42x3.79x3.41x2.16x2.71x2.49x1.73x1.22x1.23x3.46x3.12x2.72x1.94x2.01x3.26x1.69x1.47x2.07x3.57x3.09x2.41x2.97x3.85x3.28x3.18x2.34x
Interest Coverage3.03x3.05x4.19x7.57x13.90x12.60x6.94x4.94x6.64x5.86x7.27x8.39x10.26x5.89x5.05x4.99x7.24x7.13x6.90x6.50x4.71x4.86x4.13x2.18x-------
Total Equity23.1B23.03B22.43B24.46B24.62B22.77B20.1B19.28B19.05B18.38B17.2B17.91B19.63B20.19B018.17B18.84B14.63B13.65B13.49B11.25B9.81B8.53B7.7B7.07B6.75B6.33B6.11B6.24B6.5B6.05B
Equity Growth %9.06%2.66%-8.31%-0.61%8.12%13.29%4.22%1.25%3.65%6.8%-3.96%-8.74%-2.79%--100%-3.55%28.75%7.16%1.21%19.88%14.75%14.96%10.81%8.9%4.65%6.68%3.62%-2.09%-4.06%7.52%-1.54%
Book Value per Share47.7347.5845.5045.1443.7240.2235.6934.1333.5932.1229.1128.8529.9230.4627.4527.7829.2522.7221.1320.5617.1514.9513.1311.9210.769.688.587.377.507.336.40
Total Shareholders' Equity22.8B22.73B22.17B24.13B24.28B22.48B20B19.21B18.98B18.31B17.17B17.9B19.57B20.16B18.17B17.97B18.81B14.61B13.63B13.49B11.25B9.81B8.53B7.7B7.07B6.75B6.33B6.11B6.24B6.5B6.05B
Common Stock3.3B22.73B3.22B3.15B3.15B2.99B2.82B2.65B2.56B2.4B2.33B3.18B5.12B6.14B6.1B6.1B6.64B000005.47B5.43B5.37B5.44B5.7B5.23B5.08B00
Retained Earnings22.02B021.93B23.46B23.65B21.66B19.78B18.96B18.53B17.55B17.44B16.86B15.7B14.08B12.77B12.77B12B10.36B8.78B7.49B5.98B4.08B2.67B2.18B1.86B1.57B1.19B1.33B1.42B1.57B1.86B
Treasury Stock00000000000000000000000000-92M0000
Accumulated OCI-2.51B0-2.99B-2.49B-2.51B-2.17B-2.6B-2.4B-2.11B-1.64B-2.6B-2.15B-1.24B-57M-907M-907M176M-899M-355M957M181M214.37M391.55M82.95M-166.96M-248.9M-464.42M-447.68M-260M00
Minority Interest299M294M263M333M332M290M96M75M64M62M32M16M55M38M200M200M30M22M26M000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetMixed
Cash FlowMixed
Top Statement Risk

Accounting and liquidity volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Balance Sheet Volatility and Contraction

As reported in recent financial filings, ADM's total assets fluctuated significantly from $54.6 billion in 2023Q4 to $55.6 billion in 2026Q1, reflecting a period of structural instability that suggests the company is struggling to maintain a consistent capital base amidst shifting global commodity market conditions.

The erratic movement in total assets and liabilities indicates that the firm's balance sheet is highly sensitive to seasonal working capital cycles and commodity price swings. Investors should monitor whether this instability represents a permanent shift in the company's operational footprint or merely temporary adjustments to volatile trade environments.

Leverage Fluctuations Amidst Operational Shifts

Based on the provided data, ADM's debt-to-equity ratio has oscillated between 0.37 and 0.56 over the last ten quarters, suggesting that management's reliance on debt financing remains reactive to the cyclical demands of the agricultural processing industry rather than a fixed long-term capital structure strategy.

While the current debt-to-equity ratio of 0.46 appears manageable, the historical variance in total debt levels warrants further investigation into the company's reliance on short-term trade finance. This volatility may imply that the firm's cost of capital is subject to significant fluctuations depending on global interest rate environments and inventory carrying requirements.

Liquidity Buffers Under Seasonal Pressure

According to quarterly balance sheet data, ADM's current ratio has shown notable inconsistency, dropping from 1.60 in 2023Q4 to 1.31 in 2026Q1, which indicates that the company's immediate liquidity buffer is tightening as it navigates a more challenging and less predictable global agricultural trade landscape.

The compression of the current ratio suggests that the firm may have less flexibility to absorb sudden shocks in commodity prices or supply chain disruptions than it did in previous periods. Analysts should remain cautious regarding the company's ability to maintain sufficient working capital without increasing its reliance on external credit facilities.

Goodwill and Accounting Control Risks

As indicated by the company's financial statements, goodwill levels have fluctuated between $4.1 billion and $7.1 billion, a trend that, when combined with recent internal investigations into intersegment reporting, suggests potential risks regarding the valuation of past acquisitions and the integrity of reported segment-level profitability.

The significant variance in goodwill suggests that the company's asset base may be subject to future impairment charges if the Nutrition segment fails to meet performance expectations. Investors should treat the reported equity figures with skepticism until the ongoing internal control investigations provide greater clarity on the true value of these intangible assets.

ADM — Frequently Asked Questions

Quick answers to the most common questions about buying ADM stock.

What are the total assets of Archer-Daniels-Midland Company (ADM)?

As of 2025, Archer-Daniels-Midland Company (ADM) had total assets of $34.66B including $8.94B in current assets.

How much debt does Archer-Daniels-Midland Company (ADM) have?

Archer-Daniels-Midland Company (ADM) carries total debt of $8.41B, offset by $1.05B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Archer-Daniels-Midland Company?

Archer-Daniels-Midland Company (ADM) has total shareholders' equity (book value) of $22.73B ($47.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Archer-Daniels-Midland Company's current ratio and liquidity?

Archer-Daniels-Midland Company (ADM) reported a current ratio of 11.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.