ADM vs KO
Archer-Daniels-Midland Co. and Coca Cola Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADM | KO |
|---|---|---|
| Revenue | $80.3B | $47.9B |
| Net income | $1.1B | $13.1B |
| Gross margin | 6.3% | 61.6% |
| Net margin | 1.3% | 27.4% |
| Return on equity | 4.8% | 46.0% |
| Diluted EPS | $2.23 | $3.04 |
| Dividend / share | $2.04 | $2.04 |
| Payout ratio | 91.6% | 67.0% |
| Free cash flow | $4.2B | $5.3B |
| Equity | · | $32.2B |
| Net debt / equity | 0.29× | 0.99× |
| Current ratio | 1.37× | 1.46× |
| Revenue CAGR 5y | 4.5% | 7.7% |
| Profit CAGR 5y | −9.5% | 11.1% |
ADM bills 1.7× the revenue of KO, and KO keeps more of each dollar of revenue as profit (27.4% against 1.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ADM | KO |
|---|---|---|
| FY2025 | $80.3B | $47.9B |
| FY2024 | $85.5B | $47.1B |
| FY2023 | $93.9B | $45.8B |
| FY2022 | $101.6B | $43.0B |
| FY2021 | $85.2B | $38.7B |
| FY2020 | $64.4B | $33.0B |
| FY2019 | $64.7B | $37.3B |
| FY2018 | $64.3B | $34.3B |
| FY2017 | $60.8B | $36.2B |
| FY2016 | $62.3B | $41.9B |
Bottom line
| Fiscal year | ADM | KO |
|---|---|---|
| FY2025 | $1.1B | $13.1B |
| FY2024 | $1.8B | $10.6B |
| FY2023 | $3.5B | $10.7B |
| FY2022 | $4.3B | $9.5B |
| FY2021 | $2.7B | $9.8B |
| FY2020 | $1.8B | $7.7B |
| FY2019 | $1.4B | $8.9B |
| FY2018 | $1.8B | $6.4B |
| FY2017 | $1.6B | $1.2B |
| FY2016 | $1.3B | $6.5B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$32,328,000,000 | ADM |
| FY2024 | +$38,469,000,000 | ADM |
| FY2023 | +$48,181,000,000 | ADM |
| FY2022 | +$58,552,000,000 | ADM |
| FY2021 | +$46,594,000,000 | ADM |
| FY2020 | +$31,341,000,000 | ADM |
| FY2019 | +$27,390,000,000 | ADM |
| FY2018 | +$30,041,000,000 | ADM |
| FY2017 | +$24,616,000,000 | ADM |
| FY2016 | +$20,483,000,000 | ADM |
| FY2015 | +$23,408,000,000 | ADM |
| FY2014 | +$35,203,000,000 | ADM |
| FY2013 | +$42,950,000,000 | ADM |
| FY2012 | +$42,542,000,000 | ADM |
| FY2011 | +$42,496,000,000 | ADM |
| FY2010 | +$45,557,000,000 | ADM |
| FY2009 | +$30,692,000,000 | ADM |
| FY2008 | +$37,263,000,000 | ADM |
| FY2007 | +$40,959,000,000 | ADM |
ADM has reported the higher revenue in every one of these 19 fiscal years. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −26.1 pp | KO |
| FY2024 | −20.5 pp | KO |
| FY2023 | −19.7 pp | KO |
| FY2022 | −18.0 pp | KO |
| FY2021 | −22.2 pp | KO |
| FY2020 | −20.8 pp | KO |
| FY2019 | −22.0 pp | KO |
| FY2018 | −16.1 pp | KO |
| FY2017 | −0.9 pp | KO |
| FY2016 | −13.6 pp | KO |
| FY2015 | −13.9 pp | KO |
| FY2014 | −12.7 pp | KO |
| FY2013 | −16.9 pp | KO |
| FY2012 | −17.4 pp | KO |
| FY2011 | −17.2 pp | KO |
| FY2010 | −31.2 pp | KO |
| FY2009 | −19.2 pp | KO |
| FY2008 | −15.9 pp | KO |
| FY2007 | −18.3 pp | KO |
KO has kept the higher net margin in every one of these 19 fiscal years.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KO's net margin has been more volatile than ADM's over the 19 comparable fiscal years — 5.9 percentage points of standard deviation against 0.8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
KO led in net margin in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KO's return on equity has been more volatile than ADM's over the 17 comparable fiscal years — 10.9 percentage points of standard deviation against 3.4.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ADM and KO over these 17 fiscal years — ADM led in 1 and KO in 16.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.