ANDE · Andersons, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.63B | - | $2.68B | $3.14B | $2.66B | - | $2.62B | $2.80B | $2.72B | - |
| Cost of Revenue | $2.47B | - | $2.51B | $2.98B | $2.51B | - | $2.44B | $2.62B | $2.59B | - |
| Gross Profit | $160.58M | - | $170.87M | $158.42M | $152.87M | - | $177.13M | $175.37M | $128.32M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $34.11M | - | $30.41M | $30.27M | $34.34M | - | $25.00M | $24.60M | $30.95M | - |
| Operating Income | $33.89M | - | $25.84M | $24.84M | $3.21M | - | $62.19M | $57.35M | $13.97M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $4.56M | - | ($228.0K) | $8.03M | ($2.12M) | - | $10.73M | $4.88M | $1.30M | - |
| Net Income | $33.19M | - | $20.14M | $7.86M | $284.0K | - | $27.36M | $35.98M | $5.58M | - |
| EPS - Basic | $0.98 | - | $0.59 | $0.23 | $0.01 | - | $0.80 | $1.06 | $0.16 | - |
| EPS - Diluted | $0.97 | - | $0.59 | $0.23 | $0.01 | - | $0.80 | $1.05 | $0.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $72.40M | $98.28M | $81.63M | $350.97M | $219.22M | $561.77M | $454.06M | $530.39M | $283.90M | $643.85M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $1.40B | $1.37B | $899.28M | $771.87M | $1.25B | $1.29B | $884.34M | $686.54M | $994.54M | $1.17B |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $2.56B | $2.38B | $1.96B | $2.18B | $2.53B | $2.85B | $2.33B | $2.25B | $2.21B | $2.81B |
| Total Assets | $3.92B | $3.71B | $3.30B | $3.45B | $3.80B | $4.12B | $3.39B | $3.30B | $3.26B | $3.86B |
| Current Liabilities | $1.87B | $1.69B | $1.33B | $1.08B | $1.43B | $1.73B | $1.18B | $1.08B | $1.08B | $1.64B |
| Long-term Debt | $569.06M | $560.02M | $569.05M | $578.46M | $588.09M | $608.15M | $542.56M | $549.38M | $556.17M | $562.96M |
| Total Liabilities | $2.61B | $2.42B | $2.07B | $1.84B | $2.20B | $2.52B | $1.87B | $1.78B | $1.79B | $2.34B |
| Stockholders' Equity | $1.27B | $1.24B | $1.18B | $1.36B | $1.36B | $1.37B | $1.33B | $1.31B | $1.28B | $1.28B |
| Retained Earnings | $1.07B | $1.04B | $978.72M | $965.28M | $964.11M | $970.71M | $932.22M | $911.46M | $881.91M | $882.94M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($393.68M) | - | - | - | ($350.02M) | - | - | - | ($239.63M) | - |
| Investing Cash Flow | ($49.46M) | - | - | - | ($43.83M) | - | - | - | ($22.05M) | - |
| Financing Cash Flow | $417.78M | - | - | - | $50.45M | - | - | - | ($98.28M) | - |
| CapEx | $51.71M | - | - | - | $46.55M | - | - | - | $26.77M | - |
| Free Cash Flow | ($445.39M) | - | - | - | ($396.57M) | - | - | - | ($266.40M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 6.1% | - | 6.4% | 5.1% | 5.7% | - | 6.8% | 6.3% | 4.7% | - |
| Operating margin | 1.3% | - | 1.0% | 0.8% | 0.1% | - | 2.4% | 2.1% | 0.5% | - |
| EBITDA margin | 2.6% | - | 2.1% | 1.8% | 1.4% | - | 3.3% | 2.9% | 1.7% | - |
| Net margin | 1.3% | - | 0.8% | 0.3% | 0.0% | - | 1.0% | 1.3% | 0.2% | - |
| Free cash flow margin | -17.0% | - | - | - | -14.9% | - | - | - | -9.8% | - |
| FCF / Net income | -13.42 | - | - | - | -1396.37 | - | - | - | -47.73 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 12.1% | - | -1.1% | 50.5% | - | - | 28.2% | 11.9% | 18.9% | - |
| Return on assets | 0.8% | - | 0.6% | 0.2% | 0.0% | - | 0.8% | 1.1% | 0.2% | - |
| Return on equity | 2.6% | - | 1.7% | 0.6% | 0.0% | - | 2.1% | 2.7% | 0.4% | - |
| Return on invested capital | 1.6% | - | 1.5% | 0.6% | 0.1% | - | 2.4% | 2.7% | 0.6% | - |
| Liquidity | ||||||||||
| Current ratio | 1.37 | 1.41 | 1.47 | 2.01 | 1.76 | 1.65 | 1.98 | 2.07 | 2.04 | 1.72 |
| Quick ratio | 0.62 | 0.60 | 0.80 | 1.30 | 0.89 | 0.90 | 1.23 | 1.44 | 1.13 | 1.00 |
| Cash ratio | 0.04 | 0.06 | 0.06 | 0.32 | 0.15 | 0.32 | 0.39 | 0.49 | 0.26 | 0.39 |
| Leverage | ||||||||||
| Debt / Equity | 0.45 | 0.45 | 0.48 | 0.42 | 0.43 | 0.45 | 0.41 | 0.42 | 0.43 | 0.44 |
| Debt / Assets | 0.15 | 0.15 | 0.17 | 0.17 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 |
| Debt / EBITDA | 8.37 | - | 10.12 | 10.50 | 15.66 | - | 6.22 | 6.70 | 12.38 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.09 | 2.98 | 2.79 | 2.53 | 2.80 | 3.02 | 2.55 | 2.52 | 2.55 | 3.00 |
| Liabilities / Assets | 0.67 | 0.65 | 0.63 | 0.53 | 0.58 | 0.61 | 0.55 | 0.54 | 0.55 | 0.61 |
| Efficiency | ||||||||||
| Asset turnover | 0.67 | - | 0.81 | 0.91 | 0.70 | - | 0.77 | 0.85 | 0.83 | - |
| Inventory turnover | 1.76 | - | 2.79 | 3.86 | 2.01 | - | 2.76 | 3.82 | 2.60 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 207d | - | 131d | 95d | 182d | - | 132d | 96d | 140d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 74.0x | - | 67.5x | 159.8x | 4293.0x | - | 62.7x | 47.2x | 358.6x | - |
| P / B | 1.9x | - | 1.2x | 0.9x | 1.1x | - | 1.3x | 1.3x | 1.5x | - |
| P / S | 0.9x | - | 0.5x | 0.4x | 0.6x | - | 0.7x | 0.6x | 0.7x | - |
| EV / EBITDA | 43.4x | - | 32.9x | 27.0x | 49.1x | - | 20.8x | 21.0x | 49.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.2% | - | 2.2% | 12.2% | -2.2% | - | -27.9% | -30.5% | -30.0% | - |
| Revenue CAGR (3y) | -12.2% | - | -14.1% | -11.0% | -12.6% | - | -4.4% | -5.1% | 1.0% | - |
| Revenue CAGR (5y) | -0.1% | - | 6.9% | 10.7% | 7.5% | - | 5.7% | 3.8% | 6.6% | - |
| Gross profit growth (YoY) | 5.0% | - | -3.5% | -9.7% | 19.1% | - | 12.3% | -21.0% | -13.3% | - |
| Operating income growth (YoY) | 954.8% | - | -58.4% | -56.7% | -77.0% | - | 62.0% | -45.1% | - | - |
| Net income growth (YoY) | 11585.9% | - | -26.4% | -78.2% | -94.9% | - | 181.9% | -34.6% | - | - |
| EPS growth (YoY) | 9600.0% | - | -26.3% | -78.1% | -93.8% | - | 185.7% | -34.8% | - | - |
| EPS CAGR (3y) | - | - | -17.7% | -53.7% | -60.3% | - | 20.3% | -6.9% | -29.2% | - |
| EPS CAGR (5y) | 16.6% | - | - | -24.2% | - | - | - | 2.9% | - | - |
| FCF growth (YoY) | -12.3% | - | - | - | -48.9% | - | - | - | 25.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -6.4% | -8.9% | -11.1% | 4.1% | 5.9% | 6.5% | 7.1% | 6.5% | 9.4% | 7.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$12.54B totalAgribusiness Segment$8.26B · 65.9%
Renewables Segment$2.75B · 21.9%
Specialty And Primary Nutrients$815.48M · 6.5%
Premium Ingredients$263.11M · 2.1%
Propane And Fuels$242.11M · 1.9%
Segment Reporting Reconciling Item Other$210.37M · 1.7%
Geographic
$11.01B totalUS$8.43B · 76.6%
Other Countries$1.73B · 15.7%
CA$518.78M · 4.7%
MX$334.27M · 3.0%
Peer comparison
Same SIC group: Wholesale-Farm Product Raw Materials
Comparing Andersons against the 4 most active filers in the same SIC group.
Dividends
$0.79/share trailing 12 months · +2.6% YoY
| Ex-date | Per share |
|---|---|
| Apr 1, 2026 | $0.2000 |
| Jan 2, 2026 | $0.2000 |
| Oct 1, 2025 | $0.1950 |
| Jul 1, 2025 | $0.1950 |
| Apr 1, 2025 | $0.1950 |
| Jan 2, 2025 | $0.1950 |
| Oct 1, 2024 | $0.1900 |
| Jul 1, 2024 | $0.1900 |
| Mar 28, 2024 | $0.1900 |
| Dec 29, 2023 | $0.1900 |
| Sep 29, 2023 | $0.1850 |
| Jun 30, 2023 | $0.1850 |
| Mar 31, 2023 | $0.1850 |
| Dec 30, 2022 | $0.1850 |
| Sep 30, 2022 | $0.1800 |
| Jun 30, 2022 | $0.1800 |
| Mar 31, 2022 | $0.1800 |
| Dec 31, 2021 | $0.1800 |
| Sep 30, 2021 | $0.1750 |
| Jul 2, 2021 | $0.1750 |
| Mar 31, 2021 | $0.1750 |
| Dec 31, 2020 | $0.1750 |
| Sep 30, 2020 | $0.1750 |
| Jul 2, 2020 | $0.1750 |