Filing Flows › Archer-Daniels-Midland (ADM) › Q3 2025
Archer-Daniels-Midland (ADM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Archer-Daniels-Midland (ADM) reported revenue of $20.4B for the third quarter 2025 (Q3 2025), +2% from a year earlier and -4% from the quarter before. Operating margin was 0.7%, net earnings $110M (0.5% of revenue).
Archer-Daniels-Midland, Q3 2025: revenue $20.4B (+2% year over year), operating margin 0.7%, net earnings $110M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.4B | -4% | +2% |
| Gross profit | $1.3B | -7% | -7% |
| Operating profit | $147M | -47% | +36% |
| Net earnings | $110M | -49% | +511% |
| Operating cash flow | $1.8B | -58% | +39% |
| Free cash flow | $1.5B | -62% | +65% |
What changed
Revenue was $20.4B in Q3 2025, up 2% year over year and down 4% from the previous quarter.
Gross margin was 6.2%, down 0.6 points from a year earlier. Operating profit was $0.15B, a 0.7% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 1% margin then. Operating expenses fell 11% while revenue rose 2%. Net earnings were $0.11B, up 500% year over year. The effective tax rate was 25.2%.
Operating cash flow was $1.8B (up 39% year over year), 1645% of net earnings. Non-cash charges added back $0.30B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $1.4B. Capital expenditures of $0.30B left free cash flow of $1.5B.
Questions
What was Archer-Daniels-Midland's revenue in the third quarter 2025?
Archer-Daniels-Midland (ADM) reported revenue of $20.4B for the third quarter 2025 (Q3 2025), +2% from a year earlier and -4% from the quarter before.
Was Archer-Daniels-Midland profitable in the third quarter 2025?
Operating profit was $147M (0.7% of revenue) and net earnings $110M.