Archer Daniels Midland vs Bunge Global
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The short version
- Archer Daniels Midland is the larger business, with $80.3B of revenue in fiscal 2025 against $70.3B for Bunge Global.
- Bunge Global grew revenue faster (32.4%, against β6.2%).
- Archer Daniels Midland turned more of its sales into free cash flow (5.2% FCF margin, against β1.3%).
- Bunge Global earned a higher return on the capital invested in it (6.1%, against 5.2%).
- Investors pay more for each dollar of Bunge Globalβs earnings: a P/E of 24.1x against 22.0x for Archer Daniels Midland.
| Latest fiscal year | ADM Β· FY25 | BG Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $38.9B | $20.2B |
| Revenue | $80.3B | $70.3B |
| Free cash flow | $4.2B | β$879M |
| Net income | $1.1B | $816M |
| Growth | ||
| Revenue growth | β6.2% | 32.4% |
| 5-year growth | 4.5% | 11.2% |
| Share count change | β1.8% | 17.1% |
| Profitability | ||
| Gross margin | 6.3% | 4.9% |
| Operating margin | β | β |
| Net margin | 1.3% | 1.2% |
| FCF margin | 5.2% | β1.3% |
| Return on capital | 5.2% | 6.1% |
| Return on equity | 4.8% | 6.3% |
| Balance sheet | ||
| Net debt | $7.4B | $12.2B |
| Net debt / EBITDA | 2.4x | 5.0x |
| Dividends and buybacks | $987M | $1.0B |
| Valuation & quality | ||
| P/E | 22.0x | 24.1x |
| Piotroski F-score | 5 | 4 |
Revenue
FY16
ADM $62.3B
BG $42.7B
FY17
ADM $60.8B
BG $45.8B
FY18
ADM $64.3B
BG $45.7B
FY19
ADM $64.7B
BG $41.1B
FY20
ADM $64.4B
BG $41.4B
FY21
ADM $85.2B
BG $59.2B
FY22
ADM $101.6B
BG $67.2B
FY23
ADM $93.9B
BG $59.5B
FY24
ADM $85.5B
BG $53.1B
FY25
ADM $80.3B
BG $70.3B
ADM
BG
Operating margin
FY16
ADM β
BG β
FY17
ADM β
BG β
FY18
ADM β
BG β
FY19
ADM β
BG β
FY20
ADM β
BG β
FY21
ADM β
BG β
FY22
ADM β
BG β
FY23
ADM β
BG β
FY24
ADM β
BG β
FY25
ADM β
BG β
ADM
BG
Free cash flow
FY16
ADM β$7.4B
BG β$338M
FY17
ADM β$7.0B
BG β$2.6B
FY18
ADM β$5.6B
BG β$1.8B
FY19
ADM β$6.3B
BG β$1.3B
FY20
ADM β$3.2B
BG β$3.9B
FY21
ADM $5.4B
BG β$3.3B
FY22
ADM $2.2B
BG β$6.1B
FY23
ADM $3.0B
BG $2.2B
FY24
ADM $1.2B
BG $524M
FY25
ADM $4.2B
BG β$879M
ADM
BG
Return on capital
FY16
ADM 6.5%
BG 9.0%
FY17
ADM 8.0%
BG 3.4%
FY18
ADM 8.5%
BG 4.4%
FY19
ADM 6.6%
BG β6.4%
FY20
ADM 7.4%
BG 12.0%
FY21
ADM 9.8%
BG 18.9%
FY22
ADM 14.8%
BG 15.6%
FY23
ADM 12.5%
BG 19.9%
FY24
ADM 7.4%
BG 11.3%
FY25
ADM 5.2%
BG 6.1%
ADM
BG
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.