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.

Price · ANDE

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$11.01B	$11.26B	$14.75B	$17.33B	$12.61B	$8.21B
Cost of Revenue	$10.30B	$10.56B	$14.00B	$16.64B	$12.02B	$7.80B
Gross Profit	$713.65M	$693.93M	$745.36M	$684.16M	$592.70M	$404.92M
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$133.32M	$127.80M	$125.11M	$134.74M	$178.93M	$188.64M
Operating Income	$141.47M	$200.76M	$169.56M	$194.58M	$160.77M	($24.47M)
Interest Expense	-	-	-	-	-	-
Income Tax	$22.17M	$30.06M	$37.03M	$39.63M	$29.23M	($10.26M)
Net Income	$95.71M	$114.01M	$101.19M	$131.08M	$103.99M	$7.71M
EPS - Basic	-	$3.35	$3.00	$3.89	$3.12	$0.23
EPS - Diluted	-	$3.32	$2.94	$3.81	$3.07	$0.23

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$98.28M	$561.77M	$643.85M	$115.27M	$216.44M	$29.12M
Accounts Receivable	-	-	-	-	-	-
Inventory	$1.37B	$1.29B	$1.17B	$1.73B	$1.81B	$1.30B
Accounts Payable	-	-	-	-	-	-
Current Assets	$2.38B	$2.85B	$2.81B	$3.47B	$3.37B	$2.42B
Total Assets	$3.71B	$4.12B	$3.86B	$4.61B	$4.57B	$4.27B
Current Liabilities	$1.69B	$1.73B	$1.64B	$2.52B	$2.46B	$1.93B
Long-term Debt	$560.02M	$608.15M	$562.96M	$492.52M	$600.49M	$916.54M
Total Liabilities	$2.42B	$2.52B	$2.34B	$3.18B	$3.26B	$3.11B
Stockholders' Equity	$1.24B	$1.37B	$1.28B	$1.20B	$1.07B	$961.89M
Retained Earnings	$1.04B	$970.71M	$882.94M	$807.77M	$702.76M	$626.08M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$177.00M	$331.51M	$946.75M	$287.12M	($51.05M)	($74.43M)
Investing Cash Flow	($195.31M)	($163.07M)	($153.88M)	($52.90M)	$487.25M	($86.76M)
Financing Cash Flow	($447.15M)	($250.36M)	($263.99M)	($334.73M)	($248.77M)	$136.30M
CapEx	$233.12M	$149.19M	$150.44M	$108.28M	$75.77M	$77.15M
Free Cash Flow	($56.13M)	$182.32M	$796.31M	$178.83M	($126.82M)	($151.58M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	6.5%	6.2%	5.1%	3.9%	4.7%	4.9%
Operating margin	1.3%	1.8%	1.1%	1.1%	1.3%	-0.3%
EBITDA margin	2.5%	2.9%	2.0%	1.9%	2.7%	2.0%
Net margin	0.9%	1.0%	0.7%	0.8%	0.8%	0.1%
Free cash flow margin	-0.5%	1.6%	5.4%	1.0%	-1.0%	-1.8%
FCF / Net income	-0.59	1.60	7.87	1.36	-1.22	-19.66
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	18.8%	20.9%	26.8%	23.2%	21.9%	-
Return on assets	2.6%	2.8%	2.6%	2.8%	2.3%	0.2%
Return on equity	7.7%	8.3%	7.9%	10.9%	9.7%	0.8%
Return on invested capital	6.4%	8.0%	6.7%	8.8%	7.5%	-1.0%
Liquidity
Current ratio	1.41	1.65	1.72	1.37	1.37	1.25
Quick ratio	0.60	0.90	1.00	0.69	0.63	0.58
Cash ratio	0.06	0.32	0.39	0.05	0.09	0.02
Leverage
Debt / Equity	0.45	0.45	0.44	0.41	0.56	0.95
Debt / Assets	0.15	0.15	0.15	0.11	0.13	0.21
Debt / EBITDA	2.04	1.85	1.91	1.50	1.77	5.58
Interest coverage	-	-	-	-	-	-
Equity multiplier	2.98	3.02	3.00	3.84	4.26	4.44
Liabilities / Assets	0.65	0.61	0.61	0.69	0.71	0.73
Efficiency
Asset turnover	2.97	2.73	3.83	3.76	2.76	1.92
Inventory turnover	7.54	8.21	12.00	9.61	6.62	6.00
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	48d	44d	30d	38d	55d	61d
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	12.2x	19.6x	9.2x	12.6x	106.6x
P / B	1.5x	1.0x	1.5x	1.0x	1.2x	0.8x
P / S	0.2x	0.1x	0.1x	0.1x	0.1x	0.1x
EV / EBITDA	8.3x	4.4x	6.4x	4.8x	5.0x	10.4x
Growth
Revenue growth (YoY)	-2.2%	-23.7%	-14.9%	37.4%	53.6%	0.5%
Revenue CAGR (3y)	-14.0%	-3.7%	21.6%	28.5%	47.6%	30.6%
Revenue CAGR (5y)	6.0%	6.6%	30.3%	36.3%	26.3%	14.3%
Gross profit growth (YoY)	2.8%	-6.9%	8.9%	15.4%	46.4%	-21.8%
Operating income growth (YoY)	-29.5%	18.4%	-12.9%	21.0%	-	-
Net income growth (YoY)	-16.1%	12.7%	-22.8%	26.1%	1248.7%	-57.9%
EPS growth (YoY)	-	12.9%	-22.8%	24.1%	1234.8%	-58.2%
EPS CAGR (3y)	-	2.6%	133.8%	90.6%	28.1%	-46.5%
EPS CAGR (5y)	-	43.3%	15.0%	20.5%	49.6%	-
FCF growth (YoY)	-	-77.1%	345.3%	-	16.3%	-
FCF CAGR (5y)	-	-0.1%	-	34.5%	-	-
Book value growth (YoY)	-8.9%	6.5%	7.0%	11.8%	11.5%	-1.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$12.54B total

Agribusiness 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 total

US$8.43B · 76.6%

Other Countries$1.73B · 15.7%

CA$518.78M · 4.7%

MX$334.27M · 3.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

3.66

Safe

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Wholesale-Farm Product Raw Materials

Company	Revenue (last FY)	Net margin	ROE
UVV	$2.92B	3.3%	6.5%
PYYX	-	-	9.5%
CHSCL	$35.46B	1.7%	5.4%
SEB	$9.75B	5.1%	9.5%

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