Bunge Global S.A.

BG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999
Valuation
Market cap	$17,225	$10,857	$14,667	$14,946	$13,119	$9,215	$8,087	$7,509	$9,426	$10,151	$9,595	$13,246	$12,087	$10,638	$8,878	$9,251	$7,907	$6,291	$14,053	$8,745	$6,343	$6,049	$3,284	$2,307	$1,668	$1,030	$1,000
Enterprise value	$32,549	$15,213	$18,679	$20,078	$19,054	$17,143	$13,637	$12,959	$13,615	$14,050	$13,604	$16,792	$16,095	$16,206	$12,442	$12,923	$12,040	$8,870	$18,371	$12,274	$9,460	$9,178	$6,730	$5,723	$3,769	$3,614	$1,430
P/E (TTM) at period end	21.11×	9.55×	6.54×	9.28×	6.42×	8.05×	–	28.13×	58.91×	13.63×	12.13×	25.72×	39.50×	166.22×	9.42×	3.93×	21.90×	5.91×	18.06×	16.78×	11.97×	12.90×	7.99×	9.05×	12.45×	85.84×	–
P/S (TTM) at period end	0.24×	0.20×	0.25×	0.22×	0.22×	0.22×	0.20×	0.16×	0.21×	0.24×	0.22×	0.23×	0.20×	0.17×	0.16×	0.21×	0.19×	0.12×	0.37×	0.33×	0.26×	0.24×	0.15×	0.17×	0.15×	0.11×	0.13×
P/B at period end	1.08×	1.10×	1.35×	1.62×	1.71×	1.52×	1.37×	1.22×	1.32×	1.42×	1.49×	1.57×	1.23×	0.98×	0.76×	0.76×	0.83×	0.85×	1.77×	1.54×	1.50×	1.79×	1.38×	1.57×	1.21×	0.90×	0.84×
EV / EBITDA (TTM)	16.28×	7.30×	5.22×	7.38×	7.46×	9.21×	–	8.85×	14.67×	8.40×	7.55×	10.93×	9.10×	10.26×	7.25×	9.93×	39.48×	3.10×	11.92×	13.38×	10.59×	8.22×	7.42×	8.82×	8.83×	18.63×	–
EV / Sales (TTM)	0.46×	0.29×	0.31×	0.30×	0.32×	0.41×	0.33×	0.28×	0.30×	0.33×	0.31×	0.29×	0.26×	0.27×	0.22×	0.29×	0.29×	0.17×	0.49×	0.47×	0.39×	0.36×	0.30×	0.41×	0.33×	0.37×	0.18×
Returns
Return on equity	5.1%	11.5%	20.7%	17.5%	26.7%	18.9%	(21.6%)	4.3%	2.2%	10.4%	12.3%	6.1%	3.1%	0.6%	8.0%	19.3%	3.8%	14.3%	9.8%	9.2%	12.5%	13.9%	17.3%	17.3%	9.7%	1.1%	(0.4%)
Return on invested capital	3.0%	8.5%	16.0%	13.0%	13.1%	8.4%	(7.7%)	4.3%	2.1%	7.8%	8.2%	4.5%	0.7%	5.2%	6.5%	4.2%	(1.0%)	20.4%	7.5%	6.4%	8.4%	8.6%	8.4%	7.1%	4.9%	0.8%	–
Dividend yield	2.7%	3.5%	2.6%	2.3%	2.2%	3.1%	3.5%	3.6%	2.6%	2.2%	2.2%	1.4%	1.4%	1.4%	1.6%	1.3%	1.3%	1.4%	0.6%	0.8%	1.0%	0.8%	1.3%	2.8%	2.0%	1.7%	–
Financial health
Current ratio	1.61×	2.15×	2.13×	1.75×	1.77×	1.47×	1.55×	1.54×	1.67×	1.44×	1.49×	1.50×	1.42×	1.49×	1.70×	1.58×	1.90×	1.63×	1.64×	1.86×	1.81×	1.71×	1.63×	1.44×	1.40×	1.25×	–
Debt / equity	0.64×	0.54×	0.38×	0.45×	0.78×	1.20×	0.84×	0.87×	0.67×	0.67×	0.74×	0.62×	0.92×	0.82×	0.51×	0.40×	0.40×	0.48×	0.57×	0.61×	0.74×	0.97×	1.43×	2.31×	1.32×	2.22×	0.66×
Effective tax rate	25.4%	22.0%	23.4%	18.8%	15.5%	17.6%	(7.1%)	39.3%	24.3%	22.1%	28.2%	33.9%	89.2%	(1.6%)	5.4%	22.9%	(48.9%)	15.6%	25.8%	(7.4%)	(18.3%)	38.1%	32.5%	27.4%	35.4%	35.3%	128.6%
Share count
Diluted shares outstanding	166	142	151	153	152	150	142	142	142	148	152	147	148	147	155	156	128	138	131	122	120	114	107	97	72	64	62

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999
Revenue and gross profit
Revenue	$91,819	$70,329	$53,108	$59,540	$67,232	$59,152	$41,404	$41,140	$45,743	$45,794	$42,679	$43,455	$57,161	$61,347	$60,991	$56,097	$43,953	$41,926	$52,574	$37,842	$26,274	$24,377	$25,168	$22,165	$13,882	$11,302	$9,667	$7,950
Cost of revenue	($87,298)	($66,920)	($49,715)	($54,695)	($63,550)	($55,789)	($38,619)	($40,598)	($43,477)	($44,030)	($40,269)	($40,762)	($54,540)	($58,587)	($58,418)	($53,470)	($41,640)	($40,722)	($48,538)	($35,327)	($24,703)	($22,806)	($23,282)	($20,860)	($12,544)	($10,331)	($8,935)	($7,332)
Gross profit	$4,521	$3,409	$3,393	$4,845	$3,682	$3,363	$2,785	$542	$2,266	$1,764	$2,410	$2,693	$2,621	$2,760	$2,573	$2,627	$2,313	$1,204	$4,036	$2,515	$1,571	$1,571	$1,886	$1,305	$1,338	$971	$732	$618
Operating expenses
Research and development	–	($28)	($30)	($35)	($33)	($33)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,452)	($2,113)	($1,776)	($1,715)	($1,369)	($1,234)	($1,358)	($1,351)	($1,423)	($1,445)	($1,284)	($1,435)	($1,691)	($1,559)	($1,563)	($1,436)	($1,455)	($1,342)	($1,613)	($1,359)	($978)	($956)	($871)	($691)	($579)	($423)	($387)	($321)
Total operating expenses	($2,452)	($2,113)	($1,776)	($1,715)	($1,369)	($1,234)	($1,358)	($1,459)	($1,423)	($1,445)	($1,284)	($1,435)	($1,691)	($1,559)	($1,563)	($1,436)	($1,455)	($1,342)	($1,613)	($1,359)	($978)	($956)	($982)	($582)	($857)	($707)	($687)	($321)
Total costs and expenses	($89,750)	($69,033)	($51,491)	($56,410)	($64,919)	($57,023)	($39,977)	($42,057)	($44,900)	($45,475)	($41,553)	($42,197)	($56,231)	($60,146)	($59,981)	($54,906)	($43,095)	($42,064)	($50,151)	($36,686)	($25,681)	($23,762)	($24,264)	($21,442)	($13,401)	($11,038)	($9,622)	($7,653)
Operating income	$2,069	$1,296	$1,617	$3,130	$2,313	$2,129	$1,427	($917)	$843	$319	$1,126	$1,258	$930	$1,201	$1,010	$1,191	$858	($138)	$2,423	$1,156	$593	$615	$904	$723	$481	$264	$45	$297
Earnings
EBITDA	$3,030	$1,999	$2,085	$3,581	$2,721	$2,553	$1,862	($369)	$1,465	$928	$1,673	$1,803	$1,537	$1,769	$1,580	$1,717	$1,301	$305	$2,862	$1,541	$917	$893	$1,116	$907	$649	$427	$194	–
Interest income	$185	$202	$163	$148	$71	$48	$22	$31	$31	$38	$51	$43	$87	$76	$53	$96	$67	$122	$214	$166	–	–	–	–	–	–	–	–
Interest expense	($796)	($628)	($471)	($516)	($403)	($243)	($265)	($339)	($339)	($263)	($234)	($258)	($347)	($363)	($294)	($295)	($294)	($283)	($361)	($353)	–	–	–	–	–	–	–	–
Pre-tax income	$1,360	$1,134	$1,524	$3,051	$2,066	$2,565	$1,413	($1,205)	$456	$230	$996	$1,051	$734	$1,014	$372	$1,020	$3,049	$225	$1,571	$1,201	$485	$448	$758	$619	$379	$192	$34	($21)
Income tax expense	($306)	($288)	($336)	($714)	($388)	($398)	($248)	($86)	($179)	($56)	($220)	($296)	($249)	($904)	$6	($55)	($699)	$110	($245)	($310)	$36	$82	($289)	($201)	($104)	($68)	($12)	$27
Net income	$1,007	$816	$1,137	$2,243	$1,610	$2,078	$1,145	($1,280)	$267	$160	$745	$791	$515	$306	$64	$942	$2,354	$361	$1,064	$778	$521	$530	$469	$411	$255	$134	$12	($5)
Per share
Diluted EPS (GAAP)	$5.15	$4.91	$7.99	$14.87	$10.51	$13.64	$7.71	($9.34)	$1.64	$0.89	$5.01	$5.07	$4.15	$1.55	$0.19	$5.85	$15.06	$2.11	$7.73	$5.95	$4.28	$4.43	$4.10	$3.83	$2.63	$1.86	$0.19	($0.08)
Basic EPS (GAAP)	$5.18	$4.95	$8.09	$15.07	$10.83	$14.50	$8.02	($9.34)	$1.65	$0.90	$5.07	$5.18	$4.19	$1.57	$0.19	$6.07	$16.20	$2.11	$8.11	$6.11	$4.32	$4.73	$4.42	$4.12	$2.66	$1.87	$0.19	($0.08)
Basic shares outstanding	194	165	141	149	149	141	141	142	141	140	140	142	146	147	146	155	141	124	122	121	121	112	106	100	96	72	64	62
Margins
Gross margin	4.9%	4.8%	6.4%	8.1%	5.5%	5.7%	6.7%	1.3%	5.0%	3.9%	5.6%	6.2%	4.6%	4.5%	4.2%	4.7%	5.3%	2.9%	7.7%	6.6%	6.0%	6.4%	7.5%	5.9%	9.6%	8.6%	7.6%	7.8%
Operating margin	2.3%	1.8%	3.0%	5.3%	3.4%	3.6%	3.4%	(2.2%)	1.8%	0.7%	2.6%	2.9%	1.6%	2.0%	1.7%	2.1%	2.0%	(0.3%)	4.6%	3.1%	2.3%	2.5%	3.6%	3.3%	3.5%	2.3%	0.5%	3.7%
Net margin	1.1%	1.2%	2.1%	3.8%	2.4%	3.5%	2.8%	(3.1%)	0.6%	0.3%	1.7%	1.8%	0.9%	0.5%	0.1%	1.7%	5.4%	0.9%	2.0%	2.1%	2.0%	2.2%	1.9%	1.9%	1.8%	1.2%	0.1%	(0.1%)

Analyst consensus

Buy25 analysts

Bearish · 0 · Hold · 4 · Bullish · 21

Earnings history

	EPS	Estimate
Q3 2024	$2.29	$2.14	Beat
Q4 2024	$2.13	$2.30	Miss
Q1 2025	$1.81	$1.28	Beat
Q2 2025	$1.31	$1.09	Beat
Q3 2025	$2.27	$1.94	Beat
Q4 2025	$1.99	$1.81	Beat
Q1 2026	$1.83	$0.88	Beat
Q2 2026	$2.00	$1.97	Beat

Peers

Company overview

IPO dateAug 2, 2001

CEOGregory A. Heckman

Employees34,000

SectorConsumer Defensive

IndustryAgricultural Farm Products

CountryUS

ExchangeNew York Stock Exchange

Websitewww.bunge.com

Bunge Global S.A., established in 1818 and headquartered in St. Louis, Missouri, operates as a prominent international agribusiness and food corporation. Its diverse operations are categorized into four main divisions: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment involves the sourcing, storage, transportation, processing, and sale of agricultural goods and their derivatives. Key commodities include various oilseeds such as soybeans, rapeseed, canola, and sunflower seeds, alongside grains like wheat and corn. These oilseeds are further processed into vegetable oils and protein-rich meals. This segment supplies a wide range of clients, including animal feed and livestock producers, millers of wheat and corn, other oilseed processors, and companies involved in edible oil and biofuel production, catering to both industrial and biodiesel applications. The Refined and Specialty Oils division produces and distributes a variety of packaged and bulk oils and fats. Offerings span cooking oils, shortenings, margarines, and mayonnaise, as well as specialized products for baked goods, snacks, and confectionery. Its clientele includes food manufacturers (e.g., bakeries, snack producers, confectioners, infant nutrition companies), restaurant chains, foodservice providers, and various retail channels such as grocery stores, wholesalers, and distributors. Within the Milling segment, Bunge provides an array of milled products. This includes diverse wheat flours and bakery mixes. Corn milling offerings encompass dry and wet-milled corn meals and flours, masa, flaking, and brewer's grits, along with fortified corn meals and blends. The segment also supplies whole grain and fiber ingredients, specialty grains like quinoa and millet, die-cut pellets, and non-genetically modified products. Finally, the Sugar and Bioenergy segment focuses on the production of sugar and ethanol. An additional activity in this division is the generation of electricity by utilizing sugarcane bagasse.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.