Analyst Ratings

Date	Action	Analyst	Rating	Target
Apr-30-26	Reiterated	Barclays	Overweight	$105 → $150
Feb-05-26	Reiterated	BMO Capital	Outperform	$110 → $130
Feb-05-26	Reiterated	Stephens		$115 → $130
Feb-05-26	Reiterated	UBS	Buy	$133 → $145
Jan-21-26	Reiterated	Coker Palmer		$109 → $117
Dec-16-25	Upgrade	Morgan Stanley	Equal Weight → Overweight
Nov-06-25	Upgrade	Barclays	Equal Weight → Overweight
Oct-27-25	Reiterated	Morgan Stanley	Equal Weight	$83 → $95
Oct-21-25	Reiterated	Barclays	Equal Weight	$135 → $105
Oct-17-25	Reiterated	Stephens		$85 → $115

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	80,542	70,325	53,108	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	76,338	67,151	49,715
Gross Profit	4,204	3,174	3,393
Selling, General and Administrative Excl. Other	2,265	2,086	1,776
Research and Development	0	28	0
Other Operating Expense	0	0	0
Operating Income	1,939	1,060	1,617
Interest Expense	626	542	471
Unusual Expense	—	—	—
Non-Operating Income (Expense)	402	-616	-378
Net Income Before Taxes	911	1,134	1,524
Income Taxes	194	288	336
Consolidated Net Income	686	819	1,137
Net Income From Continuing Operations	717	846	1,188
Net Income	686	819	1,137
EPS (Recurring)	4.32	4.96	8.09
EPS (Basic, Before Extraordinaries)	4.32	4.96	8.09
EPS (Diluted)	4.30	4.92	7.99
EBITDA	2,358	2,379	2,463
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	26.18	18.11	—
Price To Sales Ratio	0.27	0.21	—
Gross Margin	5.22	4.51	6.39
Operating Margin	2.41	1.51	3.04
Net Margin	0.85	1.16	2.14
Shares Outstanding	194	165	140
Market Capitalization	21,841	14,698	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Garros Julio	Chief Operating Officer	Feb 11 '26	Option Exercise	50.07	13,000	650,910	130,627	Feb 13 12:00 AM
Garros Julio	Chief Operating Officer	Feb 11 '26	Sale	119.00	2,831	336,889	127,796	Feb 13 12:00 AM
Dimopoulos Christos	Executive VP, Global Markets	Nov 21 '25	Option Exercise	50.07	10,600	530,742	129,837	Nov 25 12:00 AM
Dimopoulos Christos	Executive VP, Global Markets	Nov 21 '25	Sale	94.37	25,300	2,387,644	104,537	Nov 25 12:00 AM
Mahoney Christopher	Director	Aug 18 '25	Buy	81.73	5,000	408,650	7,164	Aug 20 12:00 AM
Dimopoulos Christos	Co-President, Agribusiness	Aug 16 '23	Sale	111.89	20,000	2,237,718	73,291	Aug 17 12:00 AM
Dimopoulos Christos	Co-President, Agribusiness	Feb 17 '23	Option Exercise	74.33	3,600	267,588	57,929	Feb 22 12:00 AM
Garros Julio	Co-President, Agribusiness	Nov 09 '22	Sale	103.90	1,017	105,665	53,780	Nov 14 12:00 AM
Garros Julio	Co-President, Agribusiness	Nov 09 '22	Option Exercise	74.33	2,700	200,692	54,797	Nov 14 12:00 AM
Simmons Jerry Matthews JR	Controller, Principal Actg Off	May 02 '22	Option Exercise	59.85	97,632	5,843,596	78,320	May 04 12:00 AM
Simmons Jerry Matthews JR	Controller, Principal Actg Off	May 02 '22	Sale	114.98	44,666	5,135,487	33,654	May 04 12:00 AM
Dimopoulos Christos	Co-President, Agribusiness	Mar 12 '22	Sale	108.24	16,000	1,731,846	42,950	Mar 15 12:00 AM
FRIBOURG PAUL J	Director	Mar 07 '22	Sale	109.56	90,000	9,859,989	1,051,204	Mar 09 12:00 AM
CONTINENTAL GRAIN CO	director:	Mar 07 '22	Sale	109.56	90,000	9,859,989	1,051,204	Mar 09 12:00 AM
FRIBOURG PAUL J	Director	Mar 04 '22	Sale	107.65	180,633	19,445,142	1,190,571	Mar 04 12:00 AM


Market Cap	22.53B	Forward P/E	10.15	EPS next Y	11.09	Insider Trans	0.01%	Shs Float	-	Perf Month	-7.92%


Enterprise Value	37.99B	PEG	-	EPS next Q	2.00	Inst Own	-	Short Float	-	Perf Quarter	-7.75%


Income	687.26M	P/S	0.28	EPS this Y	115.60%	Inst Trans	-	Short Ratio	-	Perf Half Y	22.02%


Sales	80.55B	P/B	1.40	EPS next Y	19.61%	ROA	1.44%	Short Interest	-	Perf YTD	26.38%


Book/sh	90.08	P/C	38.93	EPS next 5Y	11.80%	ROE	4.68%	52W High	134.87 -16.53%	Perf Year	31.38%


Cash/sh	8.77	P/FCF	1609.52	EPS past 3/5Y	-	ROIC	4.26%	52W Low	71.60 57.23%	Perf 3Y	-


Dividend Est.	2.88 (2.56%)	EV/EBITDA	16.11	Sales past 3/5Y	1.51% 11.18%	Gross Margin	5.22%	Volatility	2.18% 2.22%	Perf 5Y	-


Dividend TTM	2.82 (2.50%)	EV/Sales	0.47	EPS Y/Y TTM	-7.38%	Oper. Margin	2.41%	ATR (14)	4.20	Perf 10Y	-


Dividend Ex-Date	Aug 18, 2026	Quick Ratio	0.69	Sales Y/Y TTM	51.66%	Profit Margin	0.85%	RSI (14)	31.83	Recom	2.00


Dividend Gr. 3/5Y	6.52% 6.81%	Current Ratio	1.60	EPS Q/Q	1.10%	SMA20	-9.20%	Beta	0.06	Target Price	133.67


Payout	73.47%	Debt/Eq	1.02	Sales Q/Q	87.75%	SMA50	-9.39%	Rel Volume	1.47	Prev Close	116.14


Employees	34,000	LT Debt/Eq	0.57	Earnings	Jul 29	SMA200	4.93%	Avg Volume	1.67M	Price	112.58


IPO Date	Aug 02, 2001	Option/Short	Yes / Yes	EPS/Sales Surpr.	107.25% -6.50%	Net Debt/EBITDA	6.55	Volume	2,450,038	Change	-3.07%

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