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Financials · ANDE

Andersons Inc. (ANDE) financials

For the twelve months ended Sep 30, 2026, Andersons Inc. reported $11.09B of revenue and $203.63M of net income.

Revenue, TTM
$11.09B
Revenue growth, YoY
-4.3%
Net income, TTM
$203.63M
Net income growth, YoY
+177.5%
Net margin
1.8%
Free cash flow, TTM
-$293.91M
EPS, diluted, TTM
$5.94
EPS growth, YoY
+177.6%
Cash
$58.28M
Total debt
$590.48M
P/E
9.11
P/S
0.17
Market cap
$1.86B
Annual revenue$11.01B
FY2016FY2025
Annual net income$95.71M
FY2016FY2025
Annual free cash flow-$56.13M
FY2016FY2025

ANDE revenue and earnings growth

ANDE revenueQ3 2026$2.83B

Quarter YoY
+5.8%
QoQ
-8.5%
FY YoY
-2.2%
5Y CAGR
+6.4%
10Y CAGR
+10.1%

ANDE revenue was $2.83B in fiscal Q3 2026 (ended Sep 30, 2026), up 5.8% from a year earlier and down 8.5% from the prior quarter. For the full fiscal 2025 it was $11.01B, down 2.2% from fiscal 2024. Compound annual growth was +6.4% over 5 years and +10.1% over 10 years. It rose in 4 of the last 10 fiscal years.

ANDE net incomeQ3 2026$46.45M

Quarter YoY
+130.6%
QoQ
-17.9%
FY YoY
-16.1%
5Y CAGR
+65.5%

ANDE net income was $46.45M in fiscal Q3 2026 (ended Sep 30, 2026), up 130.6% from a year earlier and down 17.9% from the prior quarter. For the full fiscal 2025 it was $95.71M, down 16.1% from fiscal 2024. Compound annual growth was +65.5% over 5 years. It rose in 4 of the last 9 fiscal years.

ANDE EPSQ3 2026$1.36

Quarter YoY
+130.5%
QoQ
-17.6%
FY YoY
-16.0%
5Y CAGR
+64.7%

ANDE diluted EPS was $1.36 in fiscal Q3 2026 (ended Sep 30, 2026), up 130.5% from a year earlier and down 17.6% from the prior quarter. For the full fiscal 2025 it was $2.79, down 16.0% from fiscal 2024. Compound annual growth was +64.7% over 5 years.

ANDE free cash flowQ3 2026-$183.78M

ANDE free cash flow was -$183.78M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $167.05M a year earlier. For the full fiscal 2025 it was -$56.13M, compared with $182.32M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$11.01B$11.26B$14.75B$17.33B$12.61B$8.06B$8.00B$3.05B$3.69B$3.92B
Cost of revenue$10.30B$10.56B$14.00B$16.64B$12.02B$7.70B$7.54B$2.74B$3.37B$3.58B
Gross profit$713.65M$693.93M$745.36M$684.16M$592.70M$366.20M$460.77M$302.00M$318.80M$345.51M
Pre-tax income$141.47M$200.76M$169.56M$194.58M$160.77M-$27.08M$13.02M$53.16M-$20.52M$21.38M
Income tax$22.17M$30.06M$37.03M$39.63M$29.23M-$10.91M$9.14M$11.93M-$63.13M$6.91M
Net income$95.71M$114.01M$101.19M$131.08M$103.99M$7.71M$18.31M$41.48M$42.51M$11.59M
EPS, basic$2.81$3.35$3.00$3.89$3.12$0.23$0.56$1.47$1.51$0.41
EPS, diluted$2.79$3.32$2.94$3.81$3.07$0.23$0.55$1.46$1.50$0.41
Diluted shares34.3M34.3M34.4M34.4M33.9M33.2M33.1M28.5M28.3M28.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$98.28M$561.77M$643.85M$115.27M$216.44M$29.12M$54.90M$22.59M$34.92M$62.63M
Inventory$1.37B$1.29B$1.17B$1.73B$1.81B$1.29B$1.17B$690.80M$648.70M$682.75M
Current assets$2.38B$2.85B$2.81B$3.47B$3.37B$2.42B$1.95B$1.02B$999.21M$1.06B
Goodwill$127.86M$127.86M$127.86M$129.34M$129.34M$131.54M$131.19M$1.86M$6.02M$63.93M
Total assets$3.71B$4.12B$3.86B$4.61B$4.57B$4.27B$3.90B$2.39B$2.16B$2.23B
Current liabilities$1.69B$1.73B$1.64B$2.52B$2.46B$1.93B$1.44B$833.35M$738.72M$799.78M
Short-term debt$63.38M$36.14M$27.56M$110.16M$32.26M$69.37M$62.90M$21.59M$54.20M$47.55M
Long-term debt$560.02M$608.15M$562.96M$492.52M$600.49M$886.45M$1.02B$496.19M$418.34M$397.06M
Total debt$623.39M$644.29M$590.52M$602.67M$632.74M$955.82M$1.08B$517.78M$472.54M$444.61M
Total liabilities$2.42B$2.52B$2.34B$3.18B$3.26B$3.11B$2.71B$1.52B$1.34B$1.44B
Shareholders' equity$1.24B$1.60B$1.52B$1.43B$1.31B$1.16B$1.20B$876.76M$822.90M$790.70M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$177.00M$331.51M$946.75M$287.12M-$51.05M-$74.43M$348.56M-$35.52M$75.28M$39.59M
Capital expenditures$233.12M$149.19M$150.44M$108.28M$75.77M$77.15M$165.22M$142.58M$34.60M$77.74M
Free cash flow-$56.13M$182.32M$796.31M$178.83M-$126.82M-$151.58M$183.34M-$178.10M$40.68M-$38.16M
Investing cash flow-$195.31M-$163.07M-$153.88M-$52.90M$487.25M-$86.76M-$325.03M-$185.99M-$113.49M-$28.22M
Financing cash flow-$447.15M-$250.36M-$263.99M-$334.73M-$248.77M$136.30M$8.71M$209.19M$10.50M-$12.49M
Dividends paid$26.85M$26.27M$25.37M$24.61M$23.75M$23.00M$22.12M$18.64M$18.15M$17.36M
Share repurchases$15.37M$2.29M$1.75M$12.72M$0$0--$0$0
Stock-based compensation$16.98M$13.63M$12.86M$11.19M$11.04M$10.18M$16.23M$6.62M$6.10M$6.99M
Depreciation and amortization$133.32M$127.80M$125.11M$134.74M$178.93M$188.64M$146.17M$90.30M$86.41M$84.33M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-2.2%-23.7%-14.9%37.4%56.4%0.8%162.8%-17.4%-6.1%-6.5%
Net income growth, YoY-16.1%12.7%-22.8%26.1%1248.7%-57.9%-55.9%-2.4%266.7%-
EPS growth, YoY-16.0%12.9%-22.8%24.1%1234.8%-58.2%-62.3%-2.7%265.9%-
Gross margin6.5%6.2%5.1%3.9%4.7%4.5%5.8%9.9%8.6%8.8%
Net margin0.9%1.0%0.7%0.8%0.8%0.1%0.2%1.4%1.2%0.3%
Free cash flow margin-0.5%1.6%5.4%1.0%-1.0%-1.9%2.3%-5.8%1.1%-1.0%
Return on equity7.7%7.1%6.7%9.2%8.0%0.7%1.5%4.7%5.2%1.5%
Return on assets2.6%2.8%2.6%2.8%2.3%0.2%0.5%1.7%2.0%0.5%
Current ratio1.411.651.721.371.371.251.351.231.351.32
Debt to equity0.500.400.390.420.480.820.900.590.570.56

Source: XBRL data Andersons Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 3-for-2, first reported Feb 28, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ANDE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ANDE$11.09B-4.3%$203.63M1.8%$1.86B
CTVA$17.81B+3.7%$1.01B5.7%$7.94B
SEB$10.50B+7.0%$555.00M5.3%$3.38B
CALM$2.53B-42.5%$58.73M2.3%$3.02B
DOLE$9.17B+8.2%$51.32M0.6%$1.31B
AGRO$1.43B-6.0%-$8.35M-0.6%$1.30B
DMC$4.38B+1.4%$81.40M1.9%$1.29B
BV$2.74B+1.5%$20.30M0.7%$1.08B

ANDE FAQ

9 questions
  • What is ANDE revenue?
    Andersons Inc. (ANDE) reported $11.09B of revenue for the twelve months ended Sep 30, 2026. That is down 4.3% from the year before. Revenue for fiscal 2025 was $11.01B.
  • Is ANDE profitable?
    Yes. Andersons Inc. earned $203.63M in net income for the twelve months ended Sep 30, 2026, a net margin of 1.8%.
  • How much cash and debt does ANDE have?
    Andersons Inc. reported $58.28M in cash and cash equivalents and $590.48M of debt on its most recent balance sheet in SEC filings.
  • How fast is ANDE revenue growing?
    Andersons Inc.'s revenue changed -2.2% in fiscal 2025, to $11.01B. Its compound annual growth rate was +6.4% over 5 years and +10.1% over 10 years.
  • What is ANDE gross margin?
    Andersons Inc.'s gross profit was $797.82M on $11.09B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 7.2%.
  • What is ANDE free cash flow?
    Andersons Inc. generated -$293.91M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$36.16M less capital expenditures.
  • What is ANDE earnings per share?
    Diluted earnings per share were $5.94 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ANDE last report financial results?
    The latest statements here come from Andersons Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this ANDE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Andersons Inc. files with the SEC. It is provided for information only and is not investment advice.