PerpEquities

Equity

Archer-Daniels-Midland Company (ADM) perpetual futures

ADM perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ADMUSDT.

Archer-Daniels-Midland sources, transports, stores, processes and distributes agricultural commodities and ingredients, organized into Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition.

$84.67-0.2%NYSE closed
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venue perp mark · MEXC (ADM/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$82.3K
Open interest
$1.8M
Best liquidity
$143.7
MEXC
Tightest spread
+147.6 bps
MEXC
Highest volume
$82.3K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $158.9M
OI / float
0.00%
Float $40.5B
Spot performance
1D-0.16%
5D-6.29%
1M+2.38%
6M+20.91%
YTD+43.00%
1Y+35.44%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeADM/USDTTrading$84.67+13.2% APR
+0.012% every 8h
+147.6 bps$143.7$82.3K$1.8MUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

ADM

Tightest spread

ADM

Highest volume

ADM

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$39.6B
Updated 2h ago
Revenue
$82.1B
Trailing 12 months
Revenue growth
+9%
Next fiscal year
Profit margin
+2.2%
P/E
22.5
Peer P/E 31.0
Free cash flow
$1.7B
Trailing 12 months
More metrics
Net income
$1.8B
Trailing 12 months
P/S
0.5
Peer P/E
31.0
Similar listed perps
Revenue estimate
$87.3B
Next fiscal year
Earnings
2026-11-03
Revenue est. $22.9B · Updated 2h ago
Dividend
$0.52
2026-08-19

Fundamental detail

Annual + quarterly
Latest revenue$80.3B
Net margin+1.3%
Free cash flow$4.2B
Net debt$8.7B
2020$64.4B
2021$85.2B
2022$101.6B
2023$93.9B
2024$85.5B
2025$80.3B
PeriodRevenueGrowthNet incomeFCF
2020$64.4B0%$1.8B-$3.2B
2021$85.2B+32%$2.7B$5.4B
2022$101.6B+19%$4.3B$2.2B
2023$93.9B-8%$3.5B$3B
2024$85.5B-9%$1.8B$1.2B
2025$80.3B-6%$1.1B$4.2B
PeriodGross marginOperating marginNet marginROEROA
2020+6.9%+2.7%+2.8%+8.9%+3.6%
2021+7.0%+3.5%+3.2%+12.1%+4.8%
2022+7.5%+4.1%+4.3%+17.9%+7.3%
2023+8.0%+4.3%+3.7%+14.4%+6.4%
2024+6.8%+2.4%+2.1%+8.1%+3.4%
2025+6.3%+1.8%+1.3%+4.7%+2.1%
PeriodCashDebtNet debtCurrent ratio
2020$666M$11.1B$10.4B1.50
2021$943M$10.6B$9.6B1.45
2022$1B$10.3B$9.3B1.46
2023$1.4B$9.6B$8.2B1.60
2024$611M$11.5B$10.9B1.39
2025$1B$9.8B$8.7B1.37
PeriodMarket capEnterprise valueP/SP/E
2020$28.3B$38.7B0.416.0
2021$38.1B$47.8B0.414.1
2022$52.2B$61.4B0.512.0
2023$39.1B$47.3B0.411.2
2024$24.1B$35.1B0.313.8
2025$27.8B$36.6B0.325.8
Q3 2024$19.9B
Q4 2024$21.5B
Q1 2025$20.2B
Q2 2025$21.2B
Q3 2025$20.4B
Q4 2025$18.6B
Q1 2026$20.5B
Q2 2026$22.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$19.9B-8%$18M$919M
Q4 2024$21.5B-6%$567M-$170M
Q1 2025$20.2B-8%$295M-$633M
Q2 2025$21.2B-5%$219M$4B
Q3 2025$20.4B+2%$108M$1.5B
Q4 2025$18.6B-14%$456M-$669M
Q1 2026$20.5B+2%$298M-$44M
Q2 2026$22.7B+7%$908M$877M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+6.8%+2.3%+0.1%+0.1%0.0%
Q4 2024+6.3%+1.9%+2.6%+2.6%+1.1%
Q1 2025+5.8%+1.2%+1.5%+1.3%+0.6%
Q2 2025+4.7%+0.5%+1.0%+1.0%+0.4%
Q3 2025+6.2%+1.9%+0.5%+0.5%+0.2%
Q4 2025+6.5%+1.7%+2.5%+2.0%+0.9%
Q1 2026+6.0%+2.0%+1.5%+1.3%+0.5%
Q2 2026+8.5%+4.0%+4.0%+3.9%+1.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$784M$11.3B$10.6B1.40
Q4 2024$611M$11.5B$10.9B1.39
Q1 2025$864M$12.4B$11.6B1.38
Q2 2025$1.1B$10.6B$9.6B1.42
Q3 2025$1.2B$9.2B$8B1.37
Q4 2025$1B$9.8B$8.7B1.37
Q1 2026$591M$10.7B$10.1B1.31
Q2 2026$9.6B$9.3B-$234M1.39
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$28.8B$39.4B1.4400.4
Q4 2024$24.1B$35.1B1.110.6
Q1 2025$23.2B$34.7B1.119.7
Q2 2025$25.5B$35.1B1.229.3
Q3 2025$28.9B$36.9B1.467.9
Q4 2025$27.8B$36.6B1.515.3
Q1 2026$35.2B$45.2B1.729.3
Q2 2026$37.1B$36.8B1.610.2

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$22.7BQ2 2026
$5.7B$11.5B$17.2B$23BQ3 2023: $21.7BQ4 2023: $23BQ1 2024: $21.8BQ2 2024: $22.2BQ3 2024: $19.9BQ4 2024: $21.5BQ1 2025: $20.2BQ2 2025: $21.2BQ3 2025: $20.4BQ4 2025: $18.6BQ1 2026: $20.5BQ2 2026: $22.7BQ3 2023Q2 2026
Net income$908MQ2 2026
$227M$454M$681M$908MQ3 2023: $821MQ4 2023: $565MQ1 2024: $729MQ2 2024: $486MQ3 2024: $18MQ4 2024: $567MQ1 2025: $295MQ2 2025: $219MQ3 2025: $108MQ4 2025: $456MQ1 2026: $298MQ2 2026: $908MQ3 2023Q2 2026
EBITDA$1.2BQ2 2026
$444.8M$889.5M$1.3B$1.8BQ3 2023: $1.4BQ4 2023: $1.2BQ1 2024: $1.3BQ2 2024: $1.1BQ3 2024: $570MQ4 2024: $1.1BQ1 2025: $798MQ2 2025: $729MQ3 2025: $564MQ4 2025: $1.8BQ1 2026: $826MQ2 2026: $1.2BQ3 2023Q2 2026
Free cash flow$877MQ2 2026
$496.5M$1.7B$2.8B$4BQ3 2023: $551MQ4 2023: $2.1BQ1 2024: $372MQ2 2024: $108MQ3 2024: $919MQ4 2024: -$170MQ1 2025: -$633MQ2 2025: $4BQ3 2025: $1.5BQ4 2025: -$669MQ1 2026: -$44MQ2 2026: $877MQ3 2023Q2 2026
EPS$1.87Q2 2026
$0.47$0.94$1.4$1.87Q3 2023: $1.52Q4 2023: $1.06Q1 2024: $1.42Q2 2024: $0.98Q3 2024: $0.04Q4 2024: $1.17Q1 2025: $0.61Q2 2025: $0.45Q3 2025: $0.22Q4 2025: $0.94Q1 2026: $0.62Q2 2026: $1.87Q3 2023Q2 2026
Cash / Debt$9.6BQ2 2026
$3.1B$6.2B$9.3B$12.4BQ3 2023 · Cash: $1.5BQ3 2023 · Debt: $9.5BQ4 2023 · Cash: $1.4BQ4 2023 · Debt: $9.6BQ1 2024 · Cash: $830MQ1 2024 · Debt: $11.3BQ2 2024 · Cash: $764MQ2 2024 · Debt: $11.9BQ3 2024 · Cash: $784MQ3 2024 · Debt: $11.3BQ4 2024 · Cash: $611MQ4 2024 · Debt: $11.5BQ1 2025 · Cash: $864MQ1 2025 · Debt: $12.4BQ2 2025 · Cash: $1.1BQ2 2025 · Debt: $10.6BQ3 2025 · Cash: $1.2BQ3 2025 · Debt: $9.2BQ4 2025 · Cash: $1BQ4 2025 · Debt: $9.8BQ1 2026 · Cash: $591MQ1 2026 · Debt: $10.7BQ2 2026 · Cash: $9.6BQ2 2026 · Debt: $9.3BQ3 2023Q2 2026
CashDebt
Profitability+8.5%Q2 2026
+2.1%+4.3%+6.4%+8.5%Q3 2023 · Gross margin: +8.3%Q4 2023 · Gross margin: +7.6%Q1 2024 · Gross margin: +7.6%Q2 2024 · Gross margin: +6.3%Q3 2024 · Gross margin: +6.8%Q4 2024 · Gross margin: +6.3%Q1 2025 · Gross margin: +5.8%Q2 2025 · Gross margin: +4.7%Q3 2025 · Gross margin: +6.2%Q4 2025 · Gross margin: +6.5%Q1 2026 · Gross margin: +6.0%Q2 2026 · Gross margin: +8.5%Q3 2023 · Operating margin: +4.6%Q4 2023 · Operating margin: +3.6%Q1 2024 · Operating margin: +3.2%Q2 2024 · Operating margin: +2.2%Q3 2024 · Operating margin: +2.3%Q4 2024 · Operating margin: +1.9%Q1 2025 · Operating margin: +1.2%Q2 2025 · Operating margin: +0.5%Q3 2025 · Operating margin: +1.9%Q4 2025 · Operating margin: +1.7%Q1 2026 · Operating margin: +2.0%Q2 2026 · Operating margin: +4.0%Q3 2023 · Net margin: +3.8%Q4 2023 · Net margin: +2.5%Q1 2024 · Net margin: +3.3%Q2 2024 · Net margin: +2.2%Q3 2024 · Net margin: +0.1%Q4 2024 · Net margin: +2.6%Q1 2025 · Net margin: +1.5%Q2 2025 · Net margin: +1.0%Q3 2025 · Net margin: +0.5%Q4 2025 · Net margin: +2.5%Q1 2026 · Net margin: +1.5%Q2 2026 · Net margin: +4.0%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.0%Q2 2026
-8.5%-3.3%+1.9%+7.0%Q3 2024: -8.1%Q4 2024: -6.4%Q1 2025: -7.7%Q2 2025: -4.8%Q3 2025: +2.2%Q4 2025: -13.7%Q1 2026: +1.6%Q2 2026: +7.0%Q3 2023Q2 2026
Shares outstanding485MQ2 2026
135M270M405M540MQ3 2023: 540MQ4 2023: 531MQ1 2024: 514MQ2 2024: 495.9MQ3 2024: 483MQ4 2024: 484MQ1 2025: 483MQ2 2025: 484MQ3 2025: 484MQ4 2025: 484MQ1 2026: 484MQ2 2026: 485MQ3 2023Q2 2026
Valuation10.2Q2 2026
100.1200.2300.3400.4Q3 2023 · P/E: 12.4Q4 2023 · P/E: 16.7Q1 2024 · P/E: 10.8Q2 2024 · P/E: 15.5Q3 2024 · P/E: 400.4Q4 2024 · P/E: 10.6Q1 2025 · P/E: 19.7Q2 2025 · P/E: 29.3Q3 2025 · P/E: 67.9Q4 2025 · P/E: 15.3Q1 2026 · P/E: 29.3Q2 2026 · P/E: 10.2Q3 2023 · P/S: 1.9Q4 2023 · P/S: 1.6Q1 2024 · P/S: 1.4Q2 2024 · P/S: 1.4Q3 2024 · P/S: 1.4Q4 2024 · P/S: 1.1Q1 2025 · P/S: 1.1Q2 2025 · P/S: 1.2Q3 2025 · P/S: 1.4Q4 2025 · P/S: 1.5Q1 2026 · P/S: 1.7Q2 2026 · P/S: 1.6Q3 2023Q2 2026
P/EP/S
Revenue$80.3B2025
$25.4B$50.8B$76.2B$101.6B2018: $64.3B2019: $64.7B2020: $64.4B2021: $85.2B2022: $101.6B2023: $93.9B2024: $85.5B2025: $80.3B20182025
Net income$1.1B2025
$1.1B$2.2B$3.3B$4.3B2018: $1.8B2019: $1.4B2020: $1.8B2021: $2.7B2022: $4.3B2023: $3.5B2024: $1.8B2025: $1.1B20182025
EBITDA$3B2025
$1.7B$3.3B$5B$6.7B2018: $3.4B2019: $3B2020: $3.2B2021: $4.6B2022: $6.7B2023: $6B2024: $4.1B2025: $3B20182025
Free cash flow$4.2B2025
-$3.4B-$427M$2.5B$5.4B2018: -$5.6B2019: -$6.3B2020: -$3.2B2021: $5.4B2022: $2.2B2023: $3B2024: $1.2B2025: $4.2B20182025
EPS$2.232025
$1.93$3.86$5.78$7.712018: $3.192019: $2.442020: $3.152021: $4.792022: $7.712023: $6.432024: $3.652025: $2.2320182025
Cash / Debt$1B2025
$2.9B$5.8B$8.7B$11.5B2018 · Cash: $2B2018 · Debt: $8.4B2019 · Cash: $852M2019 · Debt: $9.9B2020 · Cash: $666M2020 · Debt: $11.1B2021 · Cash: $943M2021 · Debt: $10.6B2022 · Cash: $1B2022 · Debt: $10.3B2023 · Cash: $1.4B2023 · Debt: $9.6B2024 · Cash: $611M2024 · Debt: $11.5B2025 · Cash: $1B2025 · Debt: $9.8B20182025
CashDebt
Profitability+6.3%2025
+2.0%+4.0%+6.0%+8.0%2018 · Gross margin: +6.5%2019 · Gross margin: +6.4%2020 · Gross margin: +6.9%2021 · Gross margin: +7.0%2022 · Gross margin: +7.5%2023 · Gross margin: +8.0%2024 · Gross margin: +6.8%2025 · Gross margin: +6.3%2018 · Operating margin: +3.1%2019 · Operating margin: +2.6%2020 · Operating margin: +2.7%2021 · Operating margin: +3.5%2022 · Operating margin: +4.1%2023 · Operating margin: +4.3%2024 · Operating margin: +2.4%2025 · Operating margin: +1.8%2018 · Net margin: +2.8%2019 · Net margin: +2.1%2020 · Net margin: +2.8%2021 · Net margin: +3.2%2022 · Net margin: +4.3%2023 · Net margin: +3.7%2024 · Net margin: +2.1%2025 · Net margin: +1.3%20182025
Gross marginOperating marginNet margin
Revenue growth-6.2%2025
+1.4%+11.8%+22.1%+32.5%2019: +0.5%2020: -0.5%2021: +32.5%2022: +19.1%2023: -7.5%2024: -8.9%2025: -6.2%20182025
Shares outstanding484M2025
141.8M283.5M425.3M567M2018: 567M2019: 565M2020: 563M2021: 566M2022: 563M2023: 542M2024: 493M2025: 484M20182025
Valuation25.82025
6.412.919.325.82018 · P/E: 12.82019 · P/E: 18.92020 · P/E: 16.02021 · P/E: 14.12022 · P/E: 12.02023 · P/E: 11.22024 · P/E: 13.82025 · P/E: 25.82018 · P/S: 0.42019 · P/S: 0.42020 · P/S: 0.42021 · P/S: 0.42022 · P/S: 0.52023 · P/S: 0.42024 · P/S: 0.32025 · P/S: 0.320182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $22.9B · Updated 2h ago
Dividend
$0.52
2026-08-19

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.38$87.3B+9%5
FY 20275.85$92.3B+15%6
FY 20285.83$97.2B+21%1
FY 20295.76$89.4B+11%1
FY 20304.64$85.8B+7%1
Q1 20281.40$25B+22%2

Company events

6
2026-11-03EarningsActual - / Estimate 1.53-
2026-08-19Dividend$0.52-
2026-08-04EarningsActual 1.84 / Estimate 1.42Beat
2026-05-20Dividend$0.52-
2026-05-05EarningsActual 0.71 / Estimate 0.66Beat
2026-02-17Dividend$0.52-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering ADM have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings39131
Analysts817
Buy / hold / sell4 / 20 / 1515 / 84 / 32
Upgrades / downgrades / initiations1 / 2 / 04 / 12 / 2
Price targets hit / missed28 / 7 (80%)106 / 16 (87%)
Avg. return after a rating (TipRanks)+24.3%+33.4%
Best / worst call+64.3% / -13.5%+86.7% / -29.2%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 15, 2026Andrew StrelzikBMO CapitalHoldMaintained
Sep 10, 2026Benjamin TheurerBarclaysHoldMaintained$90.00
Aug 17, 2026Manav GuptaUBSBuyReiterated$95.00
Aug 5, 2026Andrew StrelzikBMO CapitalHoldReiterated$82.00
Aug 5, 2026Steven HaynesMorgan StanleyHoldUpgraded$79.00

TipRanks data via FMP · computed Sep 23, 2026 · 39 ratings

Frequently asked questions

Where can I trade ADM perpetual futures?

Archer-Daniels-Midland Company (ADM) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade ADM around the clock?

Yes. Unlike the underlying stock, ADM perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on ADM perpetuals?

Right now the ADM perp funding rate is +13.2% annualized (venue median), ranging from +13.2% to +13.2% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the ADM perp price compare to the Archer-Daniels-Midland Company stock?

The venue-median ADM perp mark is $84.7 versus a reference stock price of $84.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a ADM perpetual future?

A ADM perpetual is a derivative that tracks the price of Archer-Daniels-Midland Company with no expiry date. It lets you take long or short exposure to Archer-Daniels-Midland Company on crypto venues, around the clock.

What is ADMUSDT perpetual?

ADMUSDT is the symbol most crypto exchanges use for the Archer-Daniels-Midland Company perpetual settled in USDT (Tether). It tracks the ADM share price through an index, trades 24/7 with leverage and never expires.

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