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Side-by-side financial comparison of Archer Daniels Midland (ADM) and Goldman Sachs (GS). Click either name above to swap in a different company.
Archer Daniels Midland is the larger business by last-quarter revenue ($20.5B vs $17.2B, roughly 1.2× Goldman Sachs). Goldman Sachs runs the higher net margin — 32.7% vs 1.5%, a 31.2% gap on every dollar of revenue. On growth, Goldman Sachs posted the faster year-over-year revenue change (18.6% vs 1.6%). Over the past eight quarters, Goldman Sachs's revenue compounded faster (10.1% CAGR vs -4.0%).
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.
The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is one of the largest investment banks in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue.
ADM vs GS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.5B | $17.2B |
| Net Profit | $298.0M | $5.6B |
| Gross Margin | 6.0% | — |
| Operating Margin | — | 39.5% |
| Net Margin | 1.5% | 32.7% |
| Revenue YoY | 1.6% | 18.6% |
| Net Profit YoY | 1.0% | 18.8% |
| EPS (diluted) | $0.62 | — |
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.
| Q1 26 | $20.5B | $17.2B | ||
| Q4 25 | $6.1B | $13.5B | ||
| Q3 25 | $6.4B | $15.2B | ||
| Q2 25 | $6.3B | $14.6B | ||
| Q1 25 | $6.1B | $15.1B | ||
| Q4 24 | $-25.7B | — | ||
| Q3 24 | $6.0B | $12.7B | ||
| Q2 24 | $22.2B | $12.7B |
| Q1 26 | $298.0M | $5.6B | ||
| Q4 25 | $456.0M | $4.6B | ||
| Q3 25 | $108.0M | $4.1B | ||
| Q2 25 | $219.0M | $3.7B | ||
| Q1 25 | $295.0M | $4.7B | ||
| Q4 24 | $567.0M | — | ||
| Q3 24 | $18.0M | $3.0B | ||
| Q2 24 | $486.0M | $3.0B |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 21.6% | — | ||
| Q1 25 | 19.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 6.3% | — |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 7.9% | 43.5% | ||
| Q3 25 | 2.3% | 35.5% | ||
| Q2 25 | 4.4% | 34.0% | ||
| Q1 25 | 5.7% | 37.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | 31.4% | ||
| Q2 24 | 2.7% | 30.8% |
| Q1 26 | 1.5% | 32.7% | ||
| Q4 25 | 7.5% | 34.3% | ||
| Q3 25 | 1.7% | 27.0% | ||
| Q2 25 | 3.5% | 25.5% | ||
| Q1 25 | 4.8% | 31.5% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 0.3% | 23.5% | ||
| Q2 24 | 2.2% | 23.9% |
| Q1 26 | $0.62 | — | ||
| Q4 25 | $0.95 | $14.04 | ||
| Q3 25 | $0.22 | $12.25 | ||
| Q2 25 | $0.45 | $10.91 | ||
| Q1 25 | $0.61 | $14.12 | ||
| Q4 24 | $1.21 | — | ||
| Q3 24 | $0.04 | $8.40 | ||
| Q2 24 | $0.98 | $8.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $591.0M | $179.0B |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $22.8B | $123.0B |
| Total Assets | — | $2062.0B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $591.0M | $179.0B | ||
| Q4 25 | $1.0B | $164.3B | ||
| Q3 25 | $1.2B | $169.6B | ||
| Q2 25 | $1.1B | $153.0B | ||
| Q1 25 | $864.0M | $167.4B | ||
| Q4 24 | $611.0M | — | ||
| Q3 24 | $784.0M | $154.7B | ||
| Q2 24 | $764.0M | $206.3B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $7.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | — | — |
| Q1 26 | $22.8B | $123.0B | ||
| Q4 25 | $22.7B | $125.0B | ||
| Q3 25 | $22.5B | $124.4B | ||
| Q2 25 | $22.4B | $124.1B | ||
| Q1 25 | $22.1B | $124.3B | ||
| Q4 24 | $22.2B | — | ||
| Q3 24 | $22.0B | $121.2B | ||
| Q2 24 | $22.2B | $119.5B |
| Q1 26 | — | $2062.0B | ||
| Q4 25 | $52.4B | $1809.3B | ||
| Q3 25 | $51.9B | $1808.0B | ||
| Q2 25 | $52.0B | $1785.0B | ||
| Q1 25 | $53.4B | $1766.2B | ||
| Q4 24 | $53.3B | — | ||
| Q3 24 | $52.2B | $1728.1B | ||
| Q2 24 | $52.7B | $1653.3B |
| Q1 26 | 0.08× | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.37× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADM
| Ag Services and Oilseeds | $16.0B | 78% |
| Carbohydrate Solutions | $2.6B | 12% |
| Nutrition | $1.8B | 9% |
GS
| Management and other fees | $3.1B | 18% |
| FICC intermediation | $2.9B | 17% |
| Equities intermediation | $2.7B | 16% |
| Equities financing | $2.6B | 15% |
| Advisory | $1.5B | 9% |
| FICC financing | $1.1B | 6% |
| Other | $972.0M | 6% |
| Debt underwriting | $811.0M | 5% |
| Private banking and lending | $638.0M | 4% |
| Equity underwriting | $535.0M | 3% |
| Incentive fees | $183.0M | 1% |
| Investments | $180.0M | 1% |
