Archer-Daniels-Midland Company (ADM) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Agricultural Farm Products
EV/EBITDA
↑
16.73
↑+45% vs avg
5yr avg: 11.54
30Y Low7.1·High15.9
P/FCF
↓
8.61
↓-40% vs avg
5yr avg: 14.28
30Y Low5.0·High135.5
P/B Ratio
↓
1.58
+2% vs avg
5yr avg: 1.54
30Y Low0.9·High2.5
ROE
↓
4.7%
↑-59% vs avg
5yr avg: 11.5%
30Y Low4%·High21%
Debt/EBITDA
↑
3.23
↑+21% vs avg
5yr avg: 2.66
30Y Low1.5·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ADM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Archer-Daniels-Midland Company trades at 33.7x earnings, 119% above its 5-year average of 15.4x, sitting at the 93rd percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 79%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 40% below the 5-year average of 14.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $36.2B | $27.8B | $24.9B | $39.1B | $52.3B | $38.3B | $28.4B | $26.2B | $23.2B | $22.9B | $27.0B |
| Enterprise Value | $43.6B | $35.2B | $35.8B | $47.4B | $61.5B | $47.9B | $38.8B | $35.2B | $29.6B | $29.6B | $33.3B |
| P/E Ratio → | 33.68 | 25.78 | 13.84 | 11.23 | 12.04 | 14.11 | 16.00 | 19.00 | 12.84 | 14.37 | 21.13 |
| P/S Ratio | 0.45 | 0.35 | 0.29 | 0.42 | 0.51 | 0.45 | 0.44 | 0.41 | 0.36 | 0.38 | 0.43 |
| P/B Ratio | 1.58 | 1.21 | 1.11 | 1.60 | 2.12 | 1.68 | 1.41 | 1.36 | 1.22 | 1.25 | 1.57 |
| P/FCF | 8.61 | 6.62 | 20.30 | 13.20 | 24.21 | 7.05 | — | — | — | 19.73 | 45.50 |
| P/OCF | 6.64 | 5.10 | 8.93 | 8.78 | 15.03 | 5.80 | — | — | — | 10.37 | 18.29 |
P/E links to full P/E history page with 30-year chart
ADM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Archer-Daniels-Midland Company's enterprise value stands at 16.7x EBITDA, 45% above its 5-year average of 11.5x. The Consumer Defensive sector median is 11.0x, placing the stock at a 52% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.44 | 0.42 | 0.50 | 0.61 | 0.56 | 0.60 | 0.54 | 0.46 | 0.49 | 0.53 |
| EV / EBITDA | 16.73 | 13.52 | 11.15 | 9.26 | 11.74 | 12.01 | 14.14 | 13.30 | 10.02 | 12.02 | 13.12 |
| EV / EBIT | 30.61 | 18.86 | 12.10 | 9.59 | 10.93 | 13.39 | 17.45 | 17.69 | 12.22 | 15.27 | 15.74 |
| EV / FCF | — | 8.38 | 29.20 | 15.97 | 28.50 | 8.83 | — | — | — | 25.49 | 56.14 |
ADM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Archer-Daniels-Midland Company earns an operating margin of 1.8%, roughly in line with the Consumer Defensive sector average. Operating margins have compressed from 4.3% to 1.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.7% is modest, trailing the sector median of 6.5%. ROIC of 3.3% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.3% | 6.3% | 6.8% | 8.0% | 7.5% | 7.0% | 6.9% | 6.4% | 6.5% | 5.8% | 5.8% |
| Operating Margin | 1.8% | 1.8% | 2.4% | 4.3% | 4.1% | 3.5% | 2.7% | 2.6% | 3.1% | 2.5% | 2.6% |
| Net Profit Margin | 1.3% | 1.3% | 2.1% | 3.7% | 4.3% | 3.2% | 2.8% | 2.1% | 2.8% | 2.6% | 2.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.7% | 4.7% | 7.7% | 14.2% | 18.3% | 12.6% | 9.0% | 7.2% | 9.7% | 9.0% | 7.3% |
| ROA | 2.5% | 2.5% | 3.3% | 6.1% | 7.5% | 5.1% | 3.8% | 3.3% | 4.5% | 4.0% | 3.2% |
| ROIC | 3.3% | 3.3% | 4.7% | 9.1% | 9.5% | 7.1% | 4.5% | 4.6% | 6.0% | 4.8% | 5.3% |
| ROCE | 4.2% | 4.2% | 6.0% | 11.3% | 12.1% | 9.1% | 5.7% | 5.6% | 7.1% | 5.7% | 6.1% |
ADM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Archer-Daniels-Midland Company carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (8% below the sector average of 3.5x). Net debt stands at $7.4B ($8.4B total debt minus $1.0B cash). Interest coverage of 3.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.51 | 0.39 | 0.42 | 0.46 | 0.55 | 0.51 | 0.44 | 0.41 | 0.40 |
| Debt / EBITDA | 3.23 | 3.23 | 3.59 | 1.88 | 1.96 | 2.65 | 4.03 | 3.73 | 2.84 | 3.04 | 2.73 |
| Net Debt / Equity | — | 0.32 | 0.49 | 0.34 | 0.38 | 0.42 | 0.52 | 0.47 | 0.34 | 0.36 | 0.37 |
| Net Debt / EBITDA | 2.84 | 2.84 | 3.40 | 1.61 | 1.77 | 2.42 | 3.79 | 3.41 | 2.16 | 2.71 | 2.49 |
| Debt / FCF | — | 1.76 | 8.91 | 2.77 | 4.28 | 1.78 | — | — | — | 5.76 | 10.64 |
| Interest Coverage | 3.05 | 3.05 | 4.19 | 7.57 | 13.90 | 12.60 | 6.94 | 4.94 | 6.64 | 5.86 | 7.27 |
ADM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Archer-Daniels-Midland Company's current ratio of 11.20x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.60x to 11.20x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 11.20 | 11.20 | 1.39 | 1.60 | 1.46 | 1.45 | 1.50 | 1.55 | 1.75 | 1.59 | 1.60 |
| Quick Ratio | 11.20 | 11.20 | 0.81 | 0.95 | 0.85 | 0.79 | 0.86 | 0.89 | 1.00 | 0.86 | 0.93 |
| Cash Ratio | 1.31 | 1.31 | 0.04 | 0.07 | 0.04 | 0.04 | 0.04 | 0.06 | 0.17 | 0.06 | 0.07 |
| Asset Turnover | — | 2.32 | 1.61 | 1.72 | 1.70 | 1.52 | 1.29 | 1.47 | 1.58 | 1.52 | 1.57 |
| Inventory Turnover | — | — | 6.89 | 7.23 | 6.36 | 5.47 | 5.11 | 6.60 | 6.83 | 6.25 | 6.65 |
| Days Sales Outstanding | — | — | 25.39 | 25.24 | 27.20 | 24.71 | 28.27 | 29.39 | 21.81 | 22.57 | 25.79 |
ADM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Archer-Daniels-Midland Company returns 2.7% to shareholders annually primarily through dividends. The payout ratio of 91.6% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 3.5% | 4.0% | 2.5% | 1.7% | 2.2% | 2.9% | 3.0% | 3.3% | 3.2% | 2.6% |
| Payout Ratio | 91.6% | 91.6% | 54.7% | 28.1% | 20.7% | 30.8% | 45.7% | 57.2% | 41.9% | 45.8% | 54.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 3.9% | 7.2% | 8.9% | 8.3% | 7.1% | 6.2% | 5.3% | 7.8% | 7.0% | 4.7% |
| FCF Yield | 11.6% | 15.1% | 4.9% | 7.6% | 4.1% | 14.2% | — | — | — | 5.1% | 2.2% |
| Buyback Yield | 0.0% | 0.0% | 9.3% | 6.8% | 2.8% | 0.0% | 0.5% | 0.6% | 0.3% | 3.3% | 3.7% |
| Total Shareholder Yield | 2.7% | 3.5% | 13.3% | 9.3% | 4.5% | 2.2% | 3.3% | 3.6% | 3.6% | 6.5% | 6.3% |
| Shares Outstanding | — | $484M | $493M | $542M | $563M | $566M | $563M | $565M | $567M | $572M | $591M |
Peer Comparison
Compare ADM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ADMYou | $36B | 33.7 | 16.7 | 8.6 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
 BG | $22B | 22.9 | 21.4 | — | 4.5% | 1.5% | 5.8% | 3.3% | 9.6 |
 INGR | $6B | 8.8 | 5.5 | 12.1 | 25.3% | 14.4% | 17.7% | 15.5% | 1.4 |
 TSN | $20B | 40.8 | 9.8 | 16.8 | 6.5% | 2.6% | 2.6% | 4.1% | 3.2 |
 CAG | $6B | 5.5 | 8.3 | 4.8 | 25.9% | 11.8% | 12.9% | 6.0% | 4.7 |
 CALM | $4B | 3.1 | 2.0 | 3.5 | 43.4% | 36.1% | 55.9% | 63.6% | — |
 SFD | $10B | 9.9 | 6.6 | 13.7 | 13.5% | 8.3% | 14.0% | 12.2% | 1.5 |
 HRL | $13B | 27.8 | 15.8 | 24.9 | 15.6% | 5.9% | 6.0% | 5.3% | 2.9 |
 VITL | $446M | 7.2 | 4.4 | — | 37.6% | 11.6% | 21.4% | 26.9% | 0.5 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 CF | $16B | 11.5 | 5.4 | 8.8 | 38.5% | 33.4% | 18.9% | 18.7% | 1.2 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Full Stock Analysis
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10-year return with dividends reinvested.
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ADM — Frequently Asked Questions
Quick answers to the most common questions about buying ADM stock.
What is Archer-Daniels-Midland Company's P/E ratio?
Archer-Daniels-Midland Company's current P/E ratio is 33.7x. The historical average is 18.2x. This places it at the 93th percentile of its historical range.
What is Archer-Daniels-Midland Company's EV/EBITDA?
Archer-Daniels-Midland Company's current EV/EBITDA is 16.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
What is Archer-Daniels-Midland Company's ROE?
Archer-Daniels-Midland Company's return on equity (ROE) is 4.7%. The historical average is 9.7%.
Is ADM stock overvalued?
Based on historical data, Archer-Daniels-Midland Company is trading at a P/E of 33.7x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Archer-Daniels-Midland Company's dividend yield?
Archer-Daniels-Midland Company's current dividend yield is 2.72% with a payout ratio of 91.6%.
What are Archer-Daniels-Midland Company's profit margins?
Archer-Daniels-Midland Company has 6.3% gross margin and 1.8% operating margin.
How much debt does Archer-Daniels-Midland Company have?
Archer-Daniels-Midland Company's Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.