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Stock research / United States / ANDE · Wholesale-Farm Product Raw Materials · Nasdaq

Andersons, Inc. (ANDE)

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Andersons, Inc. (ANDE) reported revenue of $3.1 billion for Q2 FY2026, the quarter ended 30 June 2026, down 1.2% on the same quarter a year earlier. Net income was $57 million, up 619.9% on the year, and diluted earnings per share $1.65. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$3.1 billiondown 1.2%
Net income$57 millionup 619.9%
Diluted EPS$1.65
QuarterQ2 FY2026ended 30 June 2026

Andersons (ANDE) in brief

Andersons (ANDE) reported revenue of $11.0 billion for fiscal 2025, the year ended 31 December 2025, down 2.2% on the year before.
Read moreNet income was $96 million and diluted earnings per share $2.79. Revenue was $11.3 billion in fiscal 2024, $14.8 billion in fiscal 2023, $17.3 billion in fiscal 2022 and $12.6 billion in fiscal 2021. Net income in the same years was $114 million, $101 million, $131 million and $104 million. Over the twelve months to 30 June 2026, Andersons reported revenue of $10.9 billion and net income of $177 million. Revenue grew 6.4% a year, compounded, over the five years to fiscal 2025. Andersons declared $0.79 a share in dividends over the last four quarters and had 34 million shares outstanding at the latest filed count. At 30 June 2026 it carried $563 million of debt and $67 million of cash. At the close of 9 October 2026 the market cap of Andersons was $2.2 billion, 12.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE13.4%
ROCEn/a
Operating marginn/a
Net margin1.6%
FCF margin0.5%
Interest covern/a
Debt to equity0.43
Cash conversion1.82
Share count, 1 year-0.7%
Sales CAGR, 3 years-14.0%
Profit CAGR, 3 years-10.0%
EPS, TTM$5.18

At the close of 9 October 2026

Price$63.95
Market cap$2.2 billion
Stock P/E12.35
Price to book1.65
EV / EBITDAn/a
Dividend yield1.2%
Market cap / sales0.20
52-week high$80.87
52-week low$41.01
Price, 1 year53.5%
Price CAGR, 3 years7.3%
Price CAGR, 5 years14.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Andersons, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ANDEgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ANDE

Filings18 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 regulation FD disclosure; 1 officer or director change; 1 shareholder vote; 1 material agreement
Planned insider sales26 Form 144 notices in twelve months, $10.8 million; latest 22 July 2026
Options tapeput/call 0.26 by open interest at the 9 October 2026 close; the straddle prices a 3.6% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading25 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.6 million shares short, 4.42 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,6363,2132,7182,7952,6213,1232,6593,1362,6782,5362,6273,098
Cost of revenue3,4782,9952,5902,6202,4442,9102,5062,9772,5072,3052,4672,874
Gross profit158218128175177213153158171231161224
Gross margin4%7%5%6%7%7%6%5%6%9%6%7%
Pre-tax income38.491.814.057.362.267.33.224.825.887.633.967.3
Tax rate20%15%9%9%17%20%-66%32%-1%19%13%20%
Net income9.751.25.636.027.445.10.37.920.167.433.256.6
Net margin0%2%0%1%1%1%0%0%1%3%1%2%
Diluted EPS$0.28$1.49$0.16$1.05$0.80$1.31$0.01$0.23$0.59$1.97$0.97$1.65
Operating cash flow489251-240304-2.1269-350299234-6.2-394488
Capital expenditure33.741.726.828.637.856.046.548.866.870.951.775.6
Free cash flow455209-266276-40.0213-397250167-77.1-445412
Buybacks0.00.0n/an/an/an/an/an/a14.2n/an/an/a
Dividends paid6.26.66.56.56.56.86.76.76.57.06.86.8
Shares outstanding34m34m34m34m34m34m34m34m34m34m34m34m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue4,5404,1983,9253,6863,0458,0038,06512,61217,32514,75011,25811,00910,939
Cost of revenue4,1433,8233,5793,3682,7437,5427,69812,01916,64114,00510,56410,29510,152
Gross profit397376346319302461366593684745694714787
Gross margin8.7%9.0%8.8%8.6%9.9%5.8%4.5%4.7%3.9%5.1%6.2%6.5%7.2%
Operating income81.337.729.431.844.123.9n/an/an/an/an/an/an/a
Operating margin1.8%0.9%0.7%0.9%1.4%0.3%n/an/an/an/an/an/an/a
Pre-tax income184-11.621.4-20.553.213.0-27.1161195170201141215
Income tax61.5-0.26.9-63.111.99.1-10.929.239.637.030.122.234.2
Effective tax rate33.4%n/a32.3%n/a22.4%70.2%n/a18.2%20.4%21.8%15.0%15.7%15.9%
Net income110-13.111.642.541.518.37.710413110111495.7177
Net margin2.4%-0.3%0.3%1.2%1.4%0.2%0.1%0.8%0.8%0.7%1.0%0.9%1.6%
Diluted EPS$3.84-$0.46$0.41$1.50$1.46$0.55$0.23$3.07$3.81$2.94$3.32$2.79$5.18
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Agribusiness11,3708,4568,26075.0%
Renewables3,3802,8012,74925.0%
AgribusinessRenewables
14.8FY202311.3FY202411.0FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States9,7738,1038,42976.6%
Other3,7502,2451,72715.7%
Canada6955175194.7%
Mexico5333923343.0%
United StatesOtherCanadaMexico
14.8FY202311.3FY202411.0FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-10.115439.675.3-35.5349-74.4-51.0287947332177322
Capital expenditure59.772.577.734.614316577.175.8108150149233265
Free cash flow-69.781.7-38.240.7-178183-152-127179796182-56.156.9
Free cash flow margin-1.5%1.9%-1.0%1.1%-5.8%2.3%-1.9%-1.0%1.0%5.4%1.6%-0.5%0.5%
Cash from investing-89.7-238-28.2-113-186-325-86.8487-52.9-154-163-195-243
Cash from financing-94.633.4-12.510.52098.7136-249-335-264-250-447-362
Depreciation and amortisation62.078.584.386.490.3146189179135125128133135
Share-based compensation8.61.97.06.16.616.210.211.011.212.913.617.0n/a
Buybacks0.049.10.00.0n/an/a0.00.012.71.72.315.4n/a
Dividends paid12.515.917.418.218.622.123.023.724.625.426.326.827.1
Dividend per share$0.47$0.57$0.62$0.65$0.67$0.69$0.70$0.70$0.72$0.74$0.77$0.79n/a
Diluted shares, weighted28m28m28m28m28m33m33m34m34m34m34m34m34m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a34m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity8037647748158309749621,0721,1991,2831,3661,2451,319
Non-controlling interest20.919.516.37.746.422219923523123323445.538.9
Short-term borrowings2.217.029.022.020514740450227343.1167249314
Debt2994363974184961,016886600493563608560563
Operating lease liabilitiesn/an/an/an/a0.051.119.831.337.131.765.371.5n/a
Finance lease liabilitiesn/an/an/an/a0.021.522.510.88.47.99.67.6n/a
Other liabilities1,2401,1221,0168998141,4691,7792,1172,3681,6931,6721,5341,239
Total liabilities and equity2,3652,3592,2332,1622,3923,9014,2724,5694,6083,8554,1213,7133,474
Owned
Fixed assets411455450385477938860786763693868940980
Goodwill72.463.963.96.01.9131132129129128128128n/a
Intangible assets66.512010611399.117514011710185.669.363.5n/a
Cash and equivalents11563.862.634.922.654.929.121611564456298.366.5
Inventory7967476836496911,1711,2931,8151,7321,1671,2871,365961
Other assets9049098679751,1011,4301,8181,5061,7681,1381,2071,1191,467
Total assets2,3652,3592,2332,1622,3923,9014,2724,5694,6083,8554,1213,7133,474
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.1%6.4%-14.0%-5.2%
Profit growth, compoundedn/a65.5%-10.0%120.0%
Return on equity, average5.9%8.9%8.0%7.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Andersons' revenue in fiscal 2025?

Andersons (ANDE) reported revenue of $11.0 billion for fiscal 2025, the year ended 31 December 2025, down 2.2% on the year before.

How much did Andersons earn in fiscal 2025?

Net income was $96 million for fiscal 2025, and diluted earnings per share $2.79.

What is Andersons' P/E ratio?

At the close of 9 October 2026, Andersons traded at 12.3 times its earnings over the twelve months to 30 June 2026.

What is Andersons' market cap?

The market cap of Andersons was $2.2 billion at the close of 9 October 2026.

Does Andersons pay a dividend?

Yes. Andersons declared $0.79 a share in dividends over the four quarters to 30 June 2026.

Peers: Wholesale

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TTM
Debt to equityDiv. yield
Hawkins Inc. HWKN$2.7 billion33.7014.7%10.7%9.3%0.450.6%
United Natural Foods Inc. UNFI$2.7 billion33.235.2%0.7%-2.0%0.96n/a
Resideo Technologies, Inc. REZI$2.6 billion7.5514.2%6.9%3.4%1.20n/a
Boise Cascade Co. BCC$2.6 billion24.995.2%2.5%-1.5%0.221.2%
Central Garden & PET Co. CENT$2.5 billion15.169.5%8.1%-1.2%0.68n/a
Eplus Inc. PLUS$2.4 billionn/an/an/an/a0.000.8%
PC Connection Inc. CNXN$2.3 billion24.5610.1%3.9%3.2%0.000.4%
Andersons, Inc. ANDE$2.2 billion12.3513.4%n/a-5.2%0.431.2%
Central Garden & PET Co. CENTA$2.2 billion13.079.5%8.1%-1.2%0.68n/a
Vestis Corp. VSTS$1.9 billionn/a-0.6%3.6%-0.4%1.240.2%
World Kinect Corp. WKC$1.9 billionn/a-14.3%-0.1%7.6%0.592.1%
Universal Corp. UVV$1.0 billion56.011.4%4.9%-3.6%0.447.8%
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TTM
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W.W. Grainger, Inc. GWW$60.8 billion32.8945.3%14.6%7.8%0.580.7%
Cardinal Health Inc. CAH$55.3 billion32.81n/a1.0%14.2%n/a0.9%
Ferguson Enterprises Inc. FERG$42.6 billion24.4228.5%8.2%3.4%0.721.6%
Sysco Corp. SYY$37.4 billion21.3565.9%3.7%3.9%4.622.8%
TD Synnex Corp. SNX$21.8 billion16.6614.3%2.7%24.1%0.390.6%
US Foods Holding Corp. USFD$21.1 billion29.9817.0%3.1%3.8%1.19n/a
Reliance, Inc. RS$20.5 billion23.4012.1%7.8%15.4%0.221.2%
Wesco International Inc. WCC$17.8 billion25.2713.6%5.4%12.5%1.13n/a
Genuine Parts Co. GPC$17.5 billion508.120.7%3.7%5.5%0.883.2%
Performance Food Group Co. PFGC$14.8 billion41.437.3%1.3%7.2%1.02n/a
Applied Industrial Technologies Inc. AIT$12.3 billion30.6022.3%11.1%8.8%0.140.6%
Arrow Electronics, Inc. ARW$11.6 billion14.5611.6%3.4%26.1%0.29n/a
Watsco Inc. WSO$10.7 billion23.9915.9%9.4%-3.0%0.044.2%
Dominos Pizza Inc. DPZ$10.2 billion17.82n/a19.6%6.2%n/a2.2%
Henry Schein Inc. HSIC$9.4 billion24.5012.8%5.0%6.5%0.73n/a
Avnet Inc. AVT$8.2 billion24.896.7%2.6%24.5%0.641.4%
Core & Main, Inc. CNM$7.8 billion16.6122.6%9.6%-0.5%1.20n/a
MSC Industrial Direct Co. Inc. MSM$7.2 billion31.2816.3%8.5%4.4%0.361.7%
Pool Corp. POOL$5.8 billion14.6831.7%10.8%2.2%1.063.1%
LKQ Corp. LKQ$5.5 billionn/an/an/an/a0.61n/a
Chefs' Warehouse, Inc. CHEF$4.7 billion54.4114.2%4.0%11.2%1.07n/a
Ashland Inc. ASH$3.2 billion61.942.7%7.4%-1.4%0.732.3%
DXP Enterprises Inc. DXPE$2.8 billion31.8617.2%8.8%11.5%1.51n/a
Hawkins Inc. HWKN$2.7 billion33.7014.7%10.7%9.3%0.450.6%
United Natural Foods Inc. UNFI$2.7 billion33.235.2%0.7%-2.0%0.96n/a
Resideo Technologies, Inc. REZI$2.6 billion7.5514.2%6.9%3.4%1.20n/a
Boise Cascade Co. BCC$2.6 billion24.995.2%2.5%-1.5%0.221.2%
Central Garden & PET Co. CENT$2.5 billion15.169.5%8.1%-1.2%0.68n/a
Eplus Inc. PLUS$2.4 billionn/an/an/an/a0.000.8%
PC Connection Inc. CNXN$2.3 billion24.5610.1%3.9%3.2%0.000.4%
Andersons, Inc. ANDE$2.2 billion12.3513.4%n/a-5.2%0.431.2%
Central Garden & PET Co. CENTA$2.2 billion13.079.5%8.1%-1.2%0.68n/a
Vestis Corp. VSTS$1.9 billionn/a-0.6%3.6%-0.4%1.240.2%
World Kinect Corp. WKC$1.9 billionn/a-14.3%-0.1%7.6%0.592.1%
Scansource, Inc. SCSC$1.2 billion16.648.7%3.1%6.1%0.11n/a
Universal Corp. UVV$1.0 billion56.011.4%4.9%-3.6%0.447.8%
1 company shares its SEC industry code (Wholesale-Farm Product Raw Materials); the rest are the names nearest in size in its wider industry, Wholesale, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202518 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202419 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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