Company: Archer-Daniels-Midland Company
Ticker: ADM
Form: 10-K
Filed: 2026-02-17
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Archer-Daniels-Midland Company's operating cash flow margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 21.85
Answer (Display): 21.85%
Unit: percent

Evidence:
[{"chunk_id": "123", "equivalent_chunk_ids": ["123"], "section": "CONSOLIDATED STATEMENTS OF CASH FLOWS", "supports": ["numerator", "denominator"], "text": "(In millions)\nYear Ended December 31\nCash flows from operating activities\nNet earnings including non-controlling interests\n1,073\n1,779\n3,466\nAdjustments to reconcile net earnings to net cash provided by operating activities\nDepreciation and amortization\n1,181\n1,141\n1,059\nAsset impairment charges\nDeferred income taxes\nEquity in earnings of unconsolidated affiliates, net of dividends\nStock compensation expense\n(Gain) loss on asset sales / investment revaluations, net\nOther – net\nChanges in operating assets and liabilities, net of acquisitions and dispositions\nSegregated investments\nTrade receivables\nInventories\n1,511\n2,889\nOther current assets\nTrade payables\n1,544\nPayables to brokerage customers\n1,064\n2,059\nAccrued expenses and other payables\nNet cash provided by operating activities\n5,452\n2,790\n4,460\nCash flows from investing activities\nCapital expenditures\n1,248\n1,563\n1,494\nNet assets of businesses acquired\nProceeds from sales of assets, businesses and investments\nPurchases of marketable securities\nProceeds from sales of marketable securities\nOther – net\nNet cash used in investing activities\n1,017\n2,702\n1,496\nCash flows from financing activities\nLong-term debt borrowings\nLong-term debt payments\nNet (repayments) borrowings under lines of credit agreements\n1,114\n1,800\nShare repurchases, net of tax\n2,327\n2,673\nCash dividends\nAcquisition of non-controlling interests\nOther – net\nNet cash used in financing activities\n2,887\n1,530\n4,604\nEffect of exchange rate on cash, cash equivalents, restricted cash, and restricted cash equivalents\nNet increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents\n1,581\n1,466\n1,643\nCash, cash equivalents, restricted cash, and restricted cash equivalents – beginning of year\n3,924\n5,390\n7,033\nCash, cash equivalents, restricted cash, and restricted cash equivalents – end of year\n5,505\n3,924\n5,390\nCash paid for interest and income taxes were as follows:\nInterest\nIncome taxes\nThe accompanying notes are an integral part of these Consolidated Financial Statements.\nARCHER-DANIELS-MIDLAND COMPANY"}]

Derivation: {"denominator": "revenue", "denominator_value": 24956.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 5452.0, "op": "divide"}