--- title: "Archer Daniels Midland: Business Model" description: "Archer Daniels Midland revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/archer-daniels-midland/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Archer Daniels Midland: Business Model & Revenue Engine ## Direct Answer Archer Daniels Midland reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Ag Services and Oilseeds is the largest, with $61.6 billion of revenue (77% of the total), followed by Carbohydrate Solutions at $10.7 billion (13%). ## How Does Archer Daniels Midland Make Money? Ag Services and Oilseeds supplies 77% of revenue, so Archer Daniels Midland's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Nutrition grew fastest (+2.2%) and Ag Services and Oilseeds slowest (-7.4%), so the revenue mix tilts toward Nutrition while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Ag Services and Oilseeds | $61.6 billion | $66.5 billion | 76.7% | -7.4% | | Carbohydrate Solutions | $10.7 billion | $11.2 billion | 13.4% | -4.4% | | Nutrition | $7.5 billion | $7.3 billion | 9.4% | 2.2% | ![Bar chart of Archer Daniels Midland revenue by segment for fiscal 2025: Ag Services and Oilseeds 76.7%, Carbohydrate Solutions 13.4%, Nutrition 9.4%.](https://www.getswoopr.com/images/charts/archer-daniels-midland-business-model-segment-mix.webp) *Archer Daniels Midland revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## What the Segment Figures Do Not Show The rows above add up to 99% of Archer Daniels Midland's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Archer Daniels Midland reported in the segment note and revenue disclosures of its Form 10-K filed February 17, 2026 (accession 0000007084-26-000011), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Archer Daniels Midland's business segments? In its fiscal 2025 Form 10-K, Archer Daniels Midland reports revenue for Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. ### Which part of Archer Daniels Midland brings in the most revenue? Ag Services and Oilseeds, with $61.6 billion of revenue in fiscal 2025, or 77% of the total. ### Where does Archer Daniels Midland report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed February 17, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: Archer-Daniels-Midland Co Form 10-K filed February 17, 2026](https://www.sec.gov/Archives/edgar/data/7084/000000708426000011/adm-20251231.htm) - [SEC EDGAR: Archer-Daniels-Midland Co annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=7084&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Archer Daniels Midland company dossier](https://www.getswoopr.com/stocks/companies/archer-daniels-midland/) - [Archer Daniels Midland financial metrics](https://www.getswoopr.com/stocks/companies/archer-daniels-midland/metrics/) - [Archer Daniels Midland financial risk indicators](https://www.getswoopr.com/stocks/companies/archer-daniels-midland/risks/) - [Archer Daniels Midland peer comparison](https://www.getswoopr.com/stocks/companies/archer-daniels-midland/competitors/) - [Archer Daniels Midland business model and revenue mix](https://www.getswoopr.com/stocks/companies/archer-daniels-midland/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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