Archer-Daniels-Midland Co（ADM）の決算・業績分析
Archer-Daniels-Midland Coの2025年有価証券報告書をAI分析。売上高$25.0B(+2.4%)。Consumer Staples。
目次
Archer-Daniels-Midland Coの2025年度 業績サマリー
Archer-Daniels-Midland Co（証券コード: ADM）の2025年度決算・業績分析。売上高は$25.0B（前年比+2.4%）。純利益は$1.1B（前年比-40.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Archer-Daniels-Midland Coの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue declined sharply by 67.6% YoY to $27.6B (XBRL), but net income surged 60.2% YoY to $4.3B (XBRL).
- Free cash flow (FCF) reached $2.2B (XBRL), driven by $3.5B operating cash flow (OCF) and $1.3B CapEx (XBRL).
- Net debt/EBITDA ratio stands at 1.4x (XBRL), with total long-term debt at $8.3B (XBRL).
Archer-Daniels-Midland Coの売上高変化の要因
- •Revenue fell 67.6% YoY to $27.6B (XBRL), a stark contrast to $85.2B in FY2023 (XBRL). The 5-year revenue CAGR is -16.8% (XBRL), reflecting long-term industry challenges. Segment-specific revenue data is unavailable (XBRL), but the sharp decline may be attributed to market conditions, energy costs, or supply chain disruptions (10-K).
Archer-Daniels-Midland Coの営業利益変化の要因
- •Gross margin improved to 27.4% (XBRL), while operating margin rose to 14.5% (XBRL). Net margin reached 15.7% (XBRL), up from $2.7B net income in FY2023 (XBRL) to $4.3B in FY2024 (XBRL). EBITDA of $5.0B (18.2% margin) (XBRL) highlights strong operating leverage despite revenue contraction.
Archer-Daniels-Midland Coの事業リスクと対応
Operational disruptions from natural disasters, supply chain issues, or equipment failure (10-K).
Energy price volatility and inflation impacting transportation and production costs (10-K).
Insufficient skilled labor availability affecting global operations (10-K).
Risks in executing growth strategy, including acquisition integration and geopolitical challenges (10-K).
Limited control over equity investments and joint ventures, risking returns (10-K).
Regulatory or taxation of greenhouse gases could increase energy costs (10-K).
Expanding into new geographies exposes the company to volatile political and regulatory risks (10-K).
Archer-Daniels-Midland Coの今後の見通し・業績予想
Archer-Daniels-Midland Coの事業内容
Archer-Daniels-Midland Co (ADM) operates as a global leader in agricultural processing, producing ethanol, oils, and food ingredients. The company's business model relies on commodity inputs, with operations spanning processing, transportation, and distribution. Despite a steep revenue decline in FY2024, profitability metrics show improvement, suggesting cost management and operational efficiency gains. Competitive pressures remain, particularly in executing growth strategies and managing global supply chain risks (10-K).
Archer-Daniels-Midland CoのAI業績分析レポート（2024年度）
Archer-Daniels-Midland Co (ADM) FY2024 Annual Report Analysis
Highlights
Business Overview
ADM operates as a global leader in agricultural processing, producing ethanol, oils, and food ingredients. The company's business model relies on commodity inputs, with operations spanning processing, transportation, and distribution. Despite a steep revenue decline in FY2024, profitability metrics show improvement, suggesting cost management and operational efficiency gains. Competitive pressures remain, particularly in executing growth strategies and managing global supply chain risks (10-K).
Revenue Analysis
Revenue fell 67.6% YoY to $27.6B (XBRL), a stark contrast to $85.2B in FY2023 (XBRL). The 5-year revenue CAGR is -16.8% (XBRL), reflecting long-term industry challenges. Segment-specific revenue data is unavailable (XBRL), but the sharp decline may be attributed to market conditions, energy costs, or supply chain disruptions (10-K).
Profitability Analysis
Gross margin improved to 27.4% (XBRL), while operating margin rose to 14.5% (XBRL). Net margin reached 15.7% (XBRL), up from $2.7B net income in FY2023 (XBRL) to $4.3B in FY2024 (XBRL). EBITDA of $5.0B (18.2% margin) (XBRL) highlights strong operating leverage despite revenue contraction.
Balance Sheet Analysis
Total assets declined to $54.6B (XBRL) from $59.8B in FY2023 (XBRL), while total equity increased to $22.5B (XBRL). The equity ratio is 41.2% (XBRL), and current ratio is 1.60x (XBRL). Net debt of $7.2B (XBRL) represents 1.4x EBITDA (XBRL), indicating moderate leverage.
Cash Flow Analysis
Operating cash flow (OCF) totaled $3.5B (XBRL), with FCF of $2.2B (XBRL) after $1.3B CapEx (XBRL). Dividends paid $899M (XBRL), and share repurchases reached $1.4B (XBRL). Historical OCF improved from -$4.8B in FY2020 (XBRL) to $3.5B in FY2024 (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) is 78 days (XBRL), with receivables at 56 days (XBRL), inventory at 46 days (XBRL), and payables at 24 days (XBRL). Asset turnover is 0.51x (XBRL), indicating room for improvement in asset utilization.
Risks
Outlook
Management guidance and forward-looking trends are not explicitly detailed in the provided data. However, the historical time series shows operating cash flow improved from -$4.8B in FY2020 (XBRL) to $3.5B in FY2024 (XBRL), suggesting potential stabilization in cash flow generation.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 64.3B | 64.7B | 64.4B | 85.2B | 27.6B | 25.7B |
| Operating Income | N/A | N/A | N/A | N/A | 4.0B | N/A |
| Net Income | 1.8B | 1.4B | 1.8B | 2.7B | 4.3B | 3.5B |
| Total Assets | 44.0B | 49.7B | 56.1B | 59.8B | 54.6B | 53.3B |
| Total Equity | 18.3B | 19.0B | 19.2B | 20.0B | 22.5B | 24.3B |
| Operating Cash Flow | -4.8B | -5.5B | -2.4B | 6.6B | 3.5B | 4.5B |
Consumer Staplesの企業一覧
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