Income StatementBalance SheetCash FlowSegments
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Archer Daniels Midland Business Segments

Business, geographic, and product segment breakdowns

Archer Daniels Midland generates $80.6B in annual revenue across 3 key segments: Ag Services and Oilseeds ($61.9B), Carbohydrate Solutions ($10.7B), and Nutrition ($7.5B). Based on the Q1 2026 filing.

Ag Services and Oilseeds (TTM)$61.9BCarbohydrate Solutions (TTM)$10.7BNutrition (TTM)$7.5B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$39.2B
P/E Ratio36.30
ROE4.81%

Products & Services

Topic 815 Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services$10.3B$9.3B$9.9B$9.1B$7.6B$9.4B
Crushing$2.6B$2.5B$2.5B$2.5B$2.4B$2.6B
Refined Products and Other$1.8B$1.6B$1.8B$1.9B$1.9B$1.8B
Starches and Sweeteners$573.0M$553.0M$561.0M$569.0M$551.0M$522.0M
Animal Nutrition$0.0$0.0$0.0$0.0$0.0$0.0
Human Nutrition$0.0$0.0$0.0$0.0$0.0$0.0
Vantage Corn Processors$0.0$0.0$0.0$0.0$0.0$0.0

Topic 606 Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Human Nutrition$915.0M$998.0M$1.2B$1.1B$961.0M$1.0B
Animal Nutrition$859.0M$819.0M$832.0M$849.0M$825.0M$780.0M
Vantage Corn Processors$721.0M$634.0M$692.0M$729.0M$700.0M$628.0M

Business Segments

Amortization expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Nutrition$38.0M$39.0M$39.0M$39.0M$39.0M$39.0M
Ag Services and Oilseeds$4.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Carbohydrate Solutions$2.0M$1.0M$1.0M$1.0M$2.0M$1.0M

Cost of materials

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds$15.3B$14.3B$14.9B$14.2B$12.6B$14.8B
Carbohydrate Solutions$1.8B$1.6B$1.7B$1.7B$1.6B$1.5B
Nutrition$1.1B$1.1B$1.2B$1.2B$1.1B$1.1B

Currency translation adjustments and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds-$4.3M$3.3M$3.3M$3.3M$3.3M—
Carbohydrate Solutions-$2.0M$3.8M$3.8M$3.8M$3.8M—
Nutrition-$31.8M$49.3M$49.3M$49.3M$49.3M—

Depreciation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds$95.0M$100.0M$104.0M$105.0M$104.0M$102.0M
Carbohydrate Solutions$78.0M$75.0M$75.0M$75.0M$90.0M$79.0M
Nutrition$37.0M$37.0M$38.0M$42.0M$41.0M$42.0M

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds$0.0$4.8M$4.8M$4.8M$4.8M—
Carbohydrate Solutions$0.0$1.8M$1.8M$1.8M$1.8M—
Nutrition$139.3M$2.5M$2.5M$2.5M$2.5M—

Manufacturing costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds$907.0M$881.0M$867.0M$879.0M$918.0M$894.0M
Carbohydrate Solutions$652.0M$677.0M$647.0M$652.0M$681.0M$692.0M
Nutrition$324.0M$319.0M$326.0M$332.0M$329.0M$330.0M

Operating Profit, Adjusted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Carbohydrate Solutions$319.0M$240.0M$337.0M$336.0M$298.0M$356.0M
Ag Services and Oilseeds$644.0M$412.0M$379.0M$379.0M$444.0M$273.0M
Nutrition$88.0M$95.0M$114.0M$130.0M$78.0M$135.0M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds-$192.0M-$150.0M-$140.0M-$99.0M-$174.0M-$141.0M
Carbohydrate Solutions-$66.0M-$30.0M-$20.0M-$34.0M-$53.0M-$41.0M
Nutrition-$58.0M-$14.0M$55.0M-$4.0M—-$6.0M

Restructuring and exit costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Nutrition$0.0$4.0M$119.0M$67.0M$17.0M$4.0M
Ag Services and Oilseeds—$23.0M$4.0M$5.0M$14.0M$2.0M
Carbohydrate Solutions—$5.0M$0.0$0.0$3.0M$1.0M

Topic 606 Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds$15.7B$15.7B$16.3B$15.6B$14.0B$16.0B
Carbohydrate Solutions$2.2B$2.6B$2.8B$2.7B$2.6B$2.6B
Nutrition$1.8B$1.8B$2.0B$1.9B$1.8B$1.8B

Topic 815 Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ag Services and Oilseeds$14.6B$13.5B$14.3B$13.4B$12.0B$13.8B
Carbohydrate Solutions$573.0M$553.0M$561.0M$569.0M$551.0M$522.0M
Nutrition$0.0$0.0$0.0$0.0$0.0$0.0