ANDE
The Andersons, Inc.
Consumer Defensive · Food Distribution
NASDAQ
$71.94
52W $31 – $74
25.6×
P/E TTM
0.83
PEG
P/FCF
1.9×
P/Book
0.2×
P/Sales
10.9×
EV/EBITDA
EV/FCF
0.3×
EV/Sales
1.1%
Div Yield
0.9%
Net Margin
-0.5%
FCF Margin
3.3%
ROIC
$71.94
USDFY2025FY2024FY2023FY2022FY2021
Revenue11.01B11.26B14.75B17.33B12.61B
YoY Growth-2.2%-23.7%-14.9%+37.4%
Gross Profit696.53M687.31M831.94M670.63M441.64M
Gross Margin6.3%6.1%5.6%3.9%3.5%
R&D
SG&A603.36M501.22M492.26M466.56M423.75M
EBIT175.74M231.95M216.43M251.55M199.34M
EBIT Margin1.6%2.1%1.5%1.5%1.6%
D&A133.32M127.80M125.11M134.74M178.93M
EBITDA309.06M359.75M341.54M386.30M378.27M
EBITDA Margin2.8%3.2%2.3%2.2%3.0%
Net Income95.71M114.01M101.19M131.08M103.99M
Net Margin0.9%1.0%0.7%0.8%0.8%
EPS (diluted)$2.80$3.32$2.94$3.81$3.07
Shares (dil., M)3434343434

Company Brief

The Andersons, Inc., an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services to its customers and affiliated ethanol facilities. This segment also engages in the commodity merchandising business, as well as offers logistics for physical commodities, such as whole grains, grain products, feed ingredients, domestic fuel products, and other agricultural commodities. Its Renewables segment produces, purchases, and sells ethanol, and co-products, as well as offers facility operations, risk management, and ethanol and coproducts marketing services to the ethanol plants it invests in and operates. The company's Plant Nutrient segment manufactures, distributes, and retails agricultural and related plant nutrients, corncob-based products, and pelleted lime and gypsum products; and crop nutrients, crop protection chemicals, and seed products, as well as provides application and agronomic services to commercial and family farmers. It also offers warehousing, packaging, and manufacturing services to nutrient producers and other distributors; and manufactures and distributes various industrial products, such as nitrogen reagents for air pollution control systems that are used in coal-fired power plants, and water treatment and dust abatement products. In addition, this segment produces corncob-based products for laboratory animal bedding and private-label cat litter, as well as absorbents, blast cleaners, carriers, and polishers; professional lawn care products for golf course and turf care markets; fertilizer and weed and pest control products; pelleted lime, gypsum, and value add soil amendments; and specialty ag liquids, seed starters, zinc, and industrial liquids. The Andersons, Inc. was founded in 1947 and is based in Maumee, Ohio.

CEOWilliam E. KruegerEmployees2,224IPO Date1996-02-20CountryUSWebsiteandersonsinc.com
Profitability (TTM)
Gross Margin6.3%
EBITDA Margin2.8%
EBIT Margin1.6%
Net Margin0.9%
FCF Margin-0.5%
ROE7.4%
ROIC3.3%
ROA2.6%
ROCE4.6%
Asset Turnover2.97×
Capital Efficiency (TTM)
ROIC3.3%
ROE7.4%
ROA2.6%
ROCE4.6%
Asset Turnover2.97×
FCF Margin-0.5%
Net Margin0.9%
Ownership
Insider buys (12m)
Insider sells (12m)8 / 44K sh
Float94.3%
Shares Out.33.9M
Analyst Price Targets
Mean Target$75.00
Median Target$75.00
High Target$75
Low Target$75
vs. Mean+4.3%
Buy / Hold / Sell
Balance Sheet
Cash & ST Invest.$98.3M
Total Debt$1.0B
Net Cash / (Debt)-$944.7M
Total Assets$3.7B
Total Equity$1.2B
Goodwill & Intang.$191.4M
Tangible Book/sh$32.31
Liquidity & Leverage
Current Ratio1.41×
Quick Ratio0.60×
D/E Ratio0.84×
Debt / Assets28.1%
Net Debt / EBITDA3.06×
Interest Coverage1.83×
Beta (5yr)0.75
Growth (CAGR)
Revenue 1yr-2.2%
Revenue 3yr-14.0%
Revenue 5yr-3.3%
EPS 1yr-15.7%
EPS 3yr-9.8%
EPS 5yr-2.3%
FCF 5yr+11.2%
Dividend 5yr-5.5%
Dividends
Annual DPS$0.79
Yield (fwd)1.10%
Payout Ratio28.1%
Ex-div Date2026-04-01
Pay Date2026-04-22
DPS history
20212026
Capital Allocation (last FY)
Capex$233.1M
Capex / Revenue2.1%
SBC$17.0M
Dividends Paid$26.8M
Buybacks$15.4M
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Data: Financial Modeling Prep · Not investment adviceUpdated 3/31/2026