Archer-Daniels-Midland Company (NYSE: ADM) For the full fiscal year 2025, ADM recorded total net earnings of $1.1 billion, or $2.23 per GAAP share, marking a 39% contraction from 2024 results. Adjusted net earnings for the year were $1.7 billion, representing an adjusted EPS of $3.43, a 28% decline. Total segment operating profit for the year fell 23% to $3.2 billion. The annual performance reflected a downward trend in global crushing margins and trade policy shifts, while the Nutrition segment achieved full-year growth.
Market Capitalization
As of the market close on February 3, 2026, Archer-Daniels-Midland Company maintains a market capitalization of approximately $32.72 billion.
Fourth Quarter Results
ADM reported consolidated revenue of $18.56 billion for the fourth quarter ended December 31, 2025, representing a 13.7% decrease from $21.5 billion in the same period last year. GAAP net profit for the quarter was $456 million, down from prior-year levels. Adjusted earnings per share stood at $0.87, compared to $1.14 in the fourth quarter of 2024.
Segment performance for the quarter:
- Ag Services & Oilseeds: Operating profit of $444 million, a 31% year-over-year decline attributed to lower crush margins.
- Carbohydrate Solutions: Operating profit of $299 million, representing a 6% decrease from the previous year.
- Nutrition: Operating profit of $78 million, down 11% year-over-year.
Financial Trends
Business & Operations Update
ADM announced the closure of government investigations related to its intersegment sales reporting on January 27, 2026. The company reached a $40 million settlement with the Securities and Exchange Commission concerning past performance inflation claims. Operational efforts are focused on a cost-reduction program intended to deliver between $500 million and $750 million in aggregate savings over the next three to five years. The company also maintained its quarterly dividend, declaring $0.52 per share.
M&A or Strategic Moves
During the fourth quarter, ADM commenced operations of its joint venture with Altek, which is expected to shift certain sales out of the primary Nutrition segment results in 2026. The company remains engaged in portfolio optimization initiatives following the divestiture of non-core assets in earlier periods.
Guidance & Outlook
Management issued 2026 adjusted earnings guidance in a range of $3.60 to $4.25 per share. The company identified uncertainty regarding U.S. biofuel policy and dynamic global trade conditions as primary factors to watch. Guidance assumptions include the continued execution of the announced cost-saving initiatives and stabilization in the Ag Services and Oilseeds segment.
Performance Summary
ADM shares declined 4.05% on Tuesday as fourth quarter revenue declined 13.7% year-over-year and the company issued a cautious profit outlook for 2026. Segment profits contracted across Ag Services and Carbohydrate Solutions. The 2026 profit outlook remains subject to regulatory and market volatility.
