Filing Flows › Archer-Daniels-Midland (ADM) › Q4 2025
Archer-Daniels-Midland (ADM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Archer-Daniels-Midland (ADM) reported revenue of $18.6B for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -9% from the quarter before. Operating margin was 2.6%, net earnings $454M (2.4% of revenue).
Archer-Daniels-Midland, Q4 2025: revenue $18.6B (-14% year over year), operating margin 2.6%, net earnings $454M, operating cash flow −$313M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.6B | -9% | -14% |
| Gross profit | $1.2B | -4% | -11% |
| Operating profit | $476M | +224% | -29% |
| Net earnings | $454M | +313% | -19% |
| Operating cash flow | −$313M | -117% | — |
What changed
Revenue was $18.6B in Q4 2025, down 14% year over year and down 9% from the previous quarter.
Gross margin was 6.5%, up 0.2 points from a year earlier. Operating profit was $0.48B, a 2.6% margin (down 0.5 points year over year). Operating expenses grew 7% against a revenue fall of 14%. Net earnings were $0.46B, down 20% year over year. The effective tax rate was 4.6%.
Operating cash flow was −$0.31B. Non-cash charges added back $0.31B of depreciation and amortization. Working capital and other items used $1.1B. Capital expenditures of $0.36B exceeded it, leaving free cash flow of −$0.67B.
Questions
What was Archer-Daniels-Midland's revenue in the fourth quarter 2025?
Archer-Daniels-Midland (ADM) reported revenue of $18.6B for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -9% from the quarter before.
Was Archer-Daniels-Midland profitable in the fourth quarter 2025?
Operating profit was $476M (2.6% of revenue) and net earnings $454M.