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Side-by-side financial comparison of Archer Daniels Midland (ADM) and CNH Industrial N.V. (CNH). Click either name above to swap in a different company.

Archer Daniels Midland is the larger business by last-quarter revenue ($6.1B vs $4.5B, roughly 1.4× CNH Industrial N.V.). Archer Daniels Midland runs the higher net margin — 7.5% vs 1.9%, a 5.6% gap on every dollar of revenue. On growth, Archer Daniels Midland posted the faster year-over-year revenue change (123.5% vs 7.8%). Over the past eight quarters, CNH Industrial N.V.'s revenue compounded faster (3.8% CAGR vs -47.4%).

The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.

CNH Industrial NV is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, incl...

ADM vs CNH — Head-to-Head

Bigger by revenue
ADM
ADM
1.4× larger
ADM
$6.1B
$4.5B
CNH
Growing faster (revenue YoY)
ADM
ADM
+115.7% gap
ADM
123.5%
7.8%
CNH
Higher net margin
ADM
ADM
5.6% more per $
ADM
7.5%
1.9%
CNH
Faster 2-yr revenue CAGR
CNH
CNH
Annualised
CNH
3.8%
-47.4%
ADM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADM
ADM
CNH
CNH
Revenue
$6.1B
$4.5B
Net Profit
$456.0M
$86.0M
Gross Margin
20.0%
18.4%
Operating Margin
7.9%
3.0%
Net Margin
7.5%
1.9%
Revenue YoY
123.5%
7.8%
Net Profit YoY
-19.6%
-18.9%
EPS (diluted)
$0.95
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADM
ADM
CNH
CNH
Q4 25
$6.1B
$4.5B
Q3 25
$6.4B
$3.7B
Q2 25
$6.3B
$4.0B
Q1 25
$6.1B
$3.2B
Q4 24
$-25.7B
$4.1B
Q3 24
$6.0B
$4.0B
Q2 24
$22.2B
$4.8B
Q1 24
$21.8B
$4.1B
Net Profit
ADM
ADM
CNH
CNH
Q4 25
$456.0M
$86.0M
Q3 25
$108.0M
$80.0M
Q2 25
$219.0M
$213.0M
Q1 25
$295.0M
$131.0M
Q4 24
$567.0M
$106.0M
Q3 24
$18.0M
$306.0M
Q2 24
$486.0M
$433.0M
Q1 24
$729.0M
$401.0M
Gross Margin
ADM
ADM
CNH
CNH
Q4 25
20.0%
18.4%
Q3 25
19.8%
19.1%
Q2 25
21.6%
20.6%
Q1 25
19.2%
19.0%
Q4 24
19.5%
Q3 24
22.8%
21.7%
Q2 24
6.3%
22.9%
Q1 24
7.6%
22.7%
Operating Margin
ADM
ADM
CNH
CNH
Q4 25
7.9%
3.0%
Q3 25
2.3%
1.4%
Q2 25
4.4%
6.8%
Q1 25
5.7%
5.1%
Q4 24
5.8%
Q3 24
1.8%
9.6%
Q2 24
2.7%
11.1%
Q1 24
4.1%
11.6%
Net Margin
ADM
ADM
CNH
CNH
Q4 25
7.5%
1.9%
Q3 25
1.7%
2.2%
Q2 25
3.5%
5.3%
Q1 25
4.8%
4.1%
Q4 24
-2.2%
2.6%
Q3 24
0.3%
7.7%
Q2 24
2.2%
9.0%
Q1 24
3.3%
9.7%
EPS (diluted)
ADM
ADM
CNH
CNH
Q4 25
$0.95
$0.08
Q3 25
$0.22
$0.06
Q2 25
$0.45
$0.17
Q1 25
$0.61
$0.10
Q4 24
$1.21
$0.10
Q3 24
$0.04
$0.24
Q2 24
$0.98
$0.34
Q1 24
$1.42
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADM
ADM
CNH
CNH
Cash + ST InvestmentsLiquidity on hand
$1.0B
$2.6B
Total DebtLower is stronger
$7.6B
Stockholders' EquityBook value
$22.7B
$7.8B
Total Assets
$52.4B
$42.7B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADM
ADM
CNH
CNH
Q4 25
$1.0B
$2.6B
Q3 25
$1.2B
$2.3B
Q2 25
$1.1B
$2.5B
Q1 25
$864.0M
$1.7B
Q4 24
$611.0M
$3.2B
Q3 24
$784.0M
$1.8B
Q2 24
$764.0M
$2.0B
Q1 24
$830.0M
$3.2B
Total Debt
ADM
ADM
CNH
CNH
Q4 25
$7.6B
Q3 25
Q2 25
Q1 25
Q4 24
$8.3B
Q3 24
$7.6B
Q2 24
Q1 24
Stockholders' Equity
ADM
ADM
CNH
CNH
Q4 25
$22.7B
$7.8B
Q3 25
$22.5B
$7.8B
Q2 25
$22.4B
$7.8B
Q1 25
$22.1B
$7.9B
Q4 24
$22.2B
$7.7B
Q3 24
$22.0B
$7.7B
Q2 24
$22.2B
$7.6B
Q1 24
$23.2B
$8.0B
Total Assets
ADM
ADM
CNH
CNH
Q4 25
$52.4B
$42.7B
Q3 25
$51.9B
$43.3B
Q2 25
$52.0B
$43.7B
Q1 25
$53.4B
$42.1B
Q4 24
$53.3B
$42.9B
Q3 24
$52.2B
$44.0B
Q2 24
$52.7B
$44.0B
Q1 24
$54.8B
$45.7B
Debt / Equity
ADM
ADM
CNH
CNH
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
0.37×
Q3 24
0.35×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADM
ADM
CNH
CNH
Operating Cash FlowLast quarter
$-313.0M
$945.0M
Free Cash FlowOCF − Capex
$-669.0M
FCF MarginFCF / Revenue
-11.1%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
-0.69×
10.99×
TTM Free Cash FlowTrailing 4 quarters
$4.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADM
ADM
CNH
CNH
Q4 25
$-313.0M
$945.0M
Q3 25
$1.8B
$659.0M
Q2 25
$4.3B
$772.0M
Q1 25
$-342.0M
$162.0M
Q4 24
$322.0M
$1.7B
Q3 24
$1.3B
$791.0M
Q2 24
$468.0M
$379.0M
Q1 24
$700.0M
$-894.0M
Free Cash Flow
ADM
ADM
CNH
CNH
Q4 25
$-669.0M
Q3 25
$1.5B
Q2 25
$4.0B
Q1 25
$-633.0M
Q4 24
$-170.0M
Q3 24
$919.0M
Q2 24
$106.0M
Q1 24
$372.0M
FCF Margin
ADM
ADM
CNH
CNH
Q4 25
-11.1%
Q3 25
23.6%
Q2 25
63.0%
Q1 25
-10.3%
Q4 24
0.7%
Q3 24
15.3%
Q2 24
0.5%
Q1 24
1.7%
Capex Intensity
ADM
ADM
CNH
CNH
Q4 25
5.9%
Q3 25
4.6%
Q2 25
4.8%
Q1 25
4.7%
Q4 24
-1.9%
Q3 24
6.4%
Q2 24
1.6%
Q1 24
1.5%
Cash Conversion
ADM
ADM
CNH
CNH
Q4 25
-0.69×
10.99×
Q3 25
16.75×
8.24×
Q2 25
19.63×
3.62×
Q1 25
-1.16×
1.24×
Q4 24
0.57×
15.96×
Q3 24
72.22×
2.58×
Q2 24
0.96×
0.88×
Q1 24
0.96×
-2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADM
ADM

Starchesandsweeteners$1.4B23%
Ag Services$1.1B18%
Human Nutrition$961.0M16%
Refined Productsand Other$924.0M15%
Animal Nutrition$825.0M14%
Vantage Corn Processors$700.0M12%
Transferred Over Time$176.0M3%
Crushing$59.0M1%

CNH
CNH

Agricultural Equipment Segment$3.6B81%
Construction Equipment Segment$853.0M19%
Services$18.0M0%

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