Filing Flows › Archer-Daniels-Midland (ADM) › Q1 2025
Archer-Daniels-Midland (ADM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Archer-Daniels-Midland (ADM) reported revenue of $20.2B for the first quarter 2025 (Q1 2025), -8% from a year earlier and -6% from the quarter before. Operating margin was 1.7%, net earnings $292M (1.4% of revenue).
Archer-Daniels-Midland, Q1 2025: revenue $20.2B (-8% year over year), operating margin 1.7%, net earnings $292M, operating cash flow −$342M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2B | -6% | -8% |
| Gross profit | $1.2B | -13% | -29% |
| Operating profit | $353M | -47% | -60% |
| Net earnings | $292M | -48% | -59% |
| Operating cash flow | −$342M | — | — |
What changed
Revenue was $20.2B in Q1 2025, down 8% year over year and down 6% from the previous quarter.
Gross margin was 5.8%, down 1.7 points from a year earlier. Operating profit was $0.35B, a 1.7% margin (down 2.3 points year over year). Operating expenses grew 7% against a revenue fall of 8%. Net earnings were $0.29B, down 60% year over year. The effective tax rate was 17.3%.
Operating cash flow was −$0.34B. Non-cash charges added back $0.29B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $1.0B. Capital expenditures of $0.29B exceeded it, leaving free cash flow of −$0.63B.
Questions
What was Archer-Daniels-Midland's revenue in the first quarter 2025?
Archer-Daniels-Midland (ADM) reported revenue of $20.2B for the first quarter 2025 (Q1 2025), -8% from a year earlier and -6% from the quarter before.
Was Archer-Daniels-Midland profitable in the first quarter 2025?
Operating profit was $353M (1.7% of revenue) and net earnings $292M.