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ANDE

The Andersons, Inc.

ANDE

The Andersons, Inc. • NASDAQ
$51.50 ▲ 0.37% (+0.19)
Market Cap $1.76 B
52w High $52.00
52w Low $31.03
Dividend Yield 0.78%
P/E 24.18
Volume 154.35K
Outstanding Shares 34.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.678B ▼ $172.554M ▲ $20.138M ▲ 0.752% ▲ $0.592 ▲ $71.066M ▼
Q2-2025 $3.136B ▲ $134.589M ▼ $7.857M ▲ 0.251% ▲ $0.23 ▲ $71.478M ▲
Q1-2025 $2.659B ▼ $145.754M ▲ $284K ▼ 0.011% ▼ $0.01 ▼ $52.723M ▼
Q4-2024 $3.123B ▲ $144.754M ▲ $45.09M ▲ 1.444% ▲ $1.32 ▲ $116.812M ▲
Q3-2024 $2.621B $120.494M $27.365M 1.044% $0.8 $104.155M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $86.788M ▼ $3.297B ▼ $2.074B ▲ $1.181B ▼
Q2-2025 $350.97M ▲ $3.446B ▼ $1.836B ▼ $1.364B ▲
Q1-2025 $219.219M ▼ $3.798B ▼ $2.203B ▼ $1.356B ▼
Q4-2024 $561.771M ▲ $4.121B ▲ $2.521B ▲ $1.366B ▲
Q3-2024 $454.065M $3.388B $1.865B $1.329B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20.138M ▲ $233.882M ▼ $-476.593M ▼ $-25.969M ▲ $-269.34M ▼ $167.048M ▼
Q2-2025 $16.807M ▲ $299.321M ▲ $-31.876M ▲ $-137.453M ▼ $131.751M ▲ $250.493M ▲
Q1-2025 $5.331M ▼ $-350.02M ▼ $-43.831M ▲ $50.445M ▲ $-342.552M ▼ $-396.568M ▼
Q4-2024 $54.104M ▲ $268.811M ▲ $-72.482M ▼ $-87.764M ▼ $107.706M ▲ $212.854M ▲
Q3-2024 $51.461M $-2.112M $-32.454M $-42.669M $-76.321M $-39.953M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Agribusiness Segment
Agribusiness Segment
 $0 ▲$1.99Bn ▲$2.41Bn ▲$1.99Bn ▼
Renewables
Renewables
 $710.00M ▲$670.00M ▼$720.00M ▲$690.00M ▼
Plant Nutrient
Plant Nutrient
 $190.00M ▲$0 ▼$0 ▲$0 ▲
Trade
Trade
 $2.22Bn ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been on a bit of a rollercoaster, swelling sharply in the early 2020s and then easing back more recently as commodity markets normalized. Even with that step‑down in sales, profitability has held up reasonably well. Gross and operating margins have slowly improved versus the start of the period, showing better cost control and more contribution from higher‑value products. Net income and earnings per share are meaningfully stronger than they were five years ago, but they still move with swings in grain and fertilizer markets. Overall, this is a solid but cyclical income profile: better quality earnings than before 2020, yet still exposed to commodity price and volume volatility.

Balance Sheet

Balance Sheet The balance sheet looks sturdier today than it did several years ago. Cash levels are much higher than at the start of the period, giving more financial flexibility. Debt, while still meaningful for an asset‑heavy logistics and processing business, has trended down from earlier peaks, and equity has steadily built up as profits have been retained. This combination points to a gradual strengthening of the company’s financial foundation and a more balanced use of borrowing. The business still depends on working capital and seasonal financing, but its cushion against shocks appears better than before.

Cash Flow

Cash Flow Cash generation has improved noticeably. Operating cash flow was weak and occasionally negative earlier in the period, but it has since turned consistently positive, with one especially strong year followed by a more normal, but still healthy, level. Free cash flow has moved from negative to positive as the company now funds its regular investment needs out of internal cash rather than relying heavily on external financing. Capital spending has been steady and manageable, suggesting disciplined investment rather than aggressive expansion. The main risk is that cash flow can still swing with harvest sizes, commodity prices, and inventory needs.

Competitive Edge

Competitive Edge The Andersons operates across multiple parts of the agricultural value chain—grain trading, renewables like ethanol, and plant nutrients. This diversification helps soften the blow when one area is under pressure. A key strength is its large and well‑placed logistics network, including rail, barge, and trucking capabilities, which is hard and expensive for new entrants to replicate. Long‑standing relationships with farmers and food customers add another layer of stickiness. The shift toward higher‑margin, specialty and identity‑preserved products further reduces reliance on pure commodity trading. However, the company still faces intense competition from other global traders and ag processors, and remains exposed to weather, regulation, and policy changes affecting biofuels and agriculture.

Innovation and R&D

Innovation and R&D For a mid‑cap agricultural company, The Andersons shows a notable level of innovation. It has developed patented fertilizer technologies that are easier to handle, more targeted, and designed to improve soil health—examples include dispersing granule products and humic‑based formulations. It is also investing in digital tools, such as mobile apps and portals that give farmers real‑time data and pricing tools, and in precision agriculture offerings like aerial‑applied nutrients. On the renewables side, the company is working to lower the carbon intensity of its plants and explore carbon‑related opportunities. Overall, its R&D is focused on higher‑value, differentiated inputs and services, rather than basic commodities, which could help sustain margins over time, though results will depend on farmer adoption and regulatory trends.

Summary

The Andersons today looks like a more resilient, better balanced version of itself compared with five years ago. Earnings quality and margins have improved even as revenue has come off earlier highs, the balance sheet has strengthened with more cash and less relative debt, and cash flow has turned sustainably positive. Competitively, its integrated network, diversified segments, and specialty products create meaningful advantages, though it cannot escape the inherent volatility and policy risk of global agriculture and biofuels. Its ongoing push into higher‑margin nutrients, digital tools, sustainability, and low‑carbon renewables offers tangible growth and differentiation opportunities, but also requires continued investment and careful execution in a cyclical, weather‑ and regulation‑sensitive industry.

NEWS

November 17, 2025 · 4:05 PM UTC

The Andersons to Present at Stephens Annual Investment Conference

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November 4, 2025 · 4:05 PM UTC

The Andersons, Inc. Reports Third Quarter Results

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October 14, 2025 · 4:05 PM UTC

The Andersons, Inc. to Release Third Quarter Results on November 4

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September 3, 2025 · 4:05 PM UTC

The Andersons, Inc. to Host 2025 Investor Day

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