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Archer-Daniels-Midland vs Anheuser-Busch InBev: revenue, profit, margins and growth compared

Archer-Daniels-Midland brought in $80.3B of revenue in fiscal 2025, Anheuser-Busch InBev $59.3B in fiscal 2025. Revenue changed by -6.2% at Archer-Daniels-Midland and -0.7% at Anheuser-Busch InBev on the year before, so Anheuser-Busch InBev grew faster. Archer-Daniels-Midland kept 1.3% of its revenue as net profit, Anheuser-Busch InBev 11.5%. Free cash flow was $4.2B at Archer-Daniels-Midland and $11.2B at Anheuser-Busch InBev.

Side by side, latest fiscal year

ADMBUD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$80.3B$59.3B
Revenue growth-6.2%-0.7%
Net income$1.1B$6.8B
Net margin1.3%11.5%
Free cash flow$4.2B$11.2B
Free cash flow margin5.2%18.9%
Earnings per share (diluted)$2.23$3.39
Cash$1B$11.6B
Debt$7.6B$73B
Price to earnings35.8n/a
Market value$38.5B$168.6B
Dividend yield2.56%n/a
Rank by revenue in sector#6 of 160 · Consumer staples#8 of 160 · Consumer staples

Over the years

Revenue
ADM FY2018: $64.3BADM FY2019: $64.7BADM FY2020: $64.4BADM FY2021: $85.2BADM FY2022: $101.6BADM FY2023: $93.9BADM FY2024: $85.5BADM FY2025: $80.3BBUD FY2018: $53BBUD FY2019: $52.3BBUD FY2020: $46.9BBUD FY2021: $54.3BBUD FY2022: $57.8BBUD FY2023: $59.4BBUD FY2024: $59.8BBUD FY2025: $59.3BFY18FY19FY20FY21FY22FY23FY24FY25
ADM $80.3BBUD $59.3B
Net income
ADM FY2018: $1.8BADM FY2019: $1.4BADM FY2020: $1.8BADM FY2021: $2.7BADM FY2022: $4.3BADM FY2023: $3.5BADM FY2024: $1.8BADM FY2025: $1.1BBUD FY2018: $4.4BBUD FY2019: $9.2BBUD FY2020: $1.4BBUD FY2021: $4.7BBUD FY2022: $6BBUD FY2023: $5.3BBUD FY2024: $5.9BBUD FY2025: $6.8BFY18FY19FY20FY21FY22FY23FY24FY25
ADM $1.1BBUD $6.8B
Net margin
ADM FY2018: 2.8%ADM FY2019: 2.1%ADM FY2020: 2.8%ADM FY2021: 3.2%ADM FY2022: 4.3%ADM FY2023: 3.7%ADM FY2024: 2.1%ADM FY2025: 1.3%BUD FY2018: 8.2%BUD FY2019: 17.5%BUD FY2020: 3.0%BUD FY2021: 8.6%BUD FY2022: 10.3%BUD FY2023: 9.0%BUD FY2024: 9.8%BUD FY2025: 11.5%FY18FY19FY20FY21FY22FY23FY24FY25
ADM 1.3%BUD 11.5%
Revenue growth
ADM FY2019: +0.5%ADM FY2020: -0.5%ADM FY2021: +32.5%ADM FY2022: +19.1%ADM FY2023: -7.5%ADM FY2024: -8.9%ADM FY2025: -6.2%BUD FY2019: -1.3%BUD FY2020: -10.4%BUD FY2021: +15.8%BUD FY2022: +6.4%BUD FY2023: +2.8%BUD FY2024: +0.7%BUD FY2025: -0.7%FY19FY20FY21FY22FY23FY24FY25
ADM -6.2%BUD -0.7%
Free cash flow
ADM FY2018: -$5.6BADM FY2019: -$6.3BADM FY2020: -$3.2BADM FY2021: $5.4BADM FY2022: $2.2BADM FY2023: $3BADM FY2024: $1.2BADM FY2025: $4.2BBUD FY2018: $10.1BBUD FY2019: $8.9BBUD FY2020: $7.1BBUD FY2021: $9.2BBUD FY2022: $8.1BBUD FY2023: $8.6BBUD FY2024: $11.2BBUD FY2025: $11.2BFY18FY19FY20FY21FY22FY23FY24FY25
ADM $4.2BBUD $11.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Archer-Daniels-Midland and Anheuser-Busch InBev

Which is bigger by revenue, Archer-Daniels-Midland or Anheuser-Busch InBev?

Archer-Daniels-Midland is bigger by revenue: $80.3B in fiscal 2025, against $59.3B for Anheuser-Busch InBev in fiscal 2025.

Which keeps more of its revenue as profit, Archer-Daniels-Midland or Anheuser-Busch InBev?

Archer-Daniels-Midland had a net margin of 1.3% in fiscal 2025; Anheuser-Busch InBev had 11.5% in fiscal 2025.

Which grew revenue faster, Archer-Daniels-Midland or Anheuser-Busch InBev?

In their latest fiscal years revenue changed by -6.2% at Archer-Daniels-Midland and -0.7% at Anheuser-Busch InBev.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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