What is Andersons Inc's earnings per share (EPS)?

Andersons Inc (ANDE) reported diluted earnings per share of $2.79 for fiscal year 2025. This represents a -16.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Andersons Inc Financials

ANDE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Andersons Inc (ANDE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 40/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Andersons Inc's revenue declined 2.2% year-over-year, from $11.3B to $11.0B. This contraction results in a growth score of 30/100.

Leverage

Andersons Inc carries a low D/E ratio of 0.45, meaning only $0.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Andersons Inc's current ratio of 1.41 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.

Cash Flow

While Andersons Inc generated $177.0M in operating cash flow, capex of $233.1M consumed most of it, leaving -$56.1M in free cash flow. This results in a low score of 24/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Andersons Inc generates a 7.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 8.3% the prior year.

Piotroski F-Score Neutral

6/9

Andersons Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.85x

For every $1 of reported earnings, Andersons Inc generates $1.85 in operating cash flow ($177.0M OCF vs $95.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.0B

YoY-2.2%

5Y CAGR+6.4%

10Y CAGR+10.1%

Andersons Inc generated $11.0B in revenue in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EBITDA

N/A

Net Income

$95.7M

YoY-16.1%

5Y CAGR+65.5%

Andersons Inc reported $95.7M in net income in fiscal year 2025. This represents a decrease of 16.1% from the prior year.

EPS (Diluted)

$2.79

YoY-16.0%

5Y CAGR+64.7%

Andersons Inc earned $2.79 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 16.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$56.1M

YoY-130.8%

Andersons Inc generated -$56.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 130.8% from the prior year.

Cash & Debt

$98.3M

YoY-82.5%

5Y CAGR+27.5%

10Y CAGR+4.4%

Andersons Inc held $98.3M in cash against $560.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.79

YoY+2.6%

5Y CAGR+2.3%

10Y CAGR+3.2%

Andersons Inc paid $0.79 per share in dividends in fiscal year 2025. This represents an increase of 2.6% from the prior year.

Shares Outstanding

34M

YoY-0.4%

5Y CAGR+0.4%

Andersons Inc had 34M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin

6.5%

YoY+0.3pp

5Y CAGR+1.9pp

10Y CAGR-2.5pp

Andersons Inc's gross margin was 6.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin

N/A

Net Margin

0.9%

YoY-0.1pp

5Y CAGR+0.8pp

10Y CAGR+1.2pp

Andersons Inc's net profit margin was 0.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity

7.7%

YoY-0.7pp

5Y CAGR+6.9pp

10Y CAGR+9.4pp

Andersons Inc's ROE was 7.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$15.4M

YoY+569.5%

10Y CAGR-11.0%

Andersons Inc spent $15.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 569.5% from the prior year.

Capital Expenditures

$233.1M

YoY+56.3%

5Y CAGR+24.8%

10Y CAGR+12.4%

Andersons Inc invested $233.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 56.3% from the prior year.

ANDE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.0B-2.2%	$11.3B-23.7%	$14.8B-14.9%	$17.3B+37.4%	$12.6B+56.4%	$8.1B
Cost of Revenue	$10.3B-2.5%	$10.6B-24.6%	$14.0B-15.8%	$16.6B+38.5%	$12.0B+56.1%	$7.7B
Gross Profit	$713.7M+2.8%	$693.9M-6.9%	$745.4M+8.9%	$684.2M+15.4%	$592.7M+61.9%	$366.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$47.2M-48.5%	-$31.8M+32.2%	-$46.9M+17.6%	-$56.8M-52.4%	-$37.3M-10.4%	-$33.8M
Income Tax	$22.2M-26.2%	$30.1M-18.8%	$37.0M-6.5%	$39.6M+35.6%	$29.2M+367.9%	-$10.9M
Net Income	$95.7M-16.1%	$114.0M+12.7%	$101.2M-22.8%	$131.1M+26.1%	$104.0M+1248.7%	$7.7M
EPS (Diluted)	$2.79-16.0%	$3.32+12.9%	$2.94-22.8%	$3.81+24.1%	$3.07+1234.8%	$0.23

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.5B-5.3%	$2.7B-14.6%	$3.1B+17.9%	$2.7B-14.9%	$3.1B+19.2%	$2.6B-6.2%	$2.8B+2.8%	$2.7B
Cost of Revenue	$2.3B-8.1%	$2.5B-15.8%	$3.0B+18.8%	$2.5B-13.9%	$2.9B+19.1%	$2.4B-6.7%	$2.6B+1.2%	$2.6B
Gross Profit	$231.5M+35.5%	$170.9M+7.9%	$158.4M+3.6%	$152.9M-28.3%	$213.1M+20.3%	$177.1M+1.0%	$175.4M+36.7%	$128.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$12.1M-15.4%	-$10.5M+8.8%	-$11.5M+12.2%	-$13.1M-27.6%	-$10.3M-22.8%	-$8.4M-26.5%	-$6.6M-1.4%	-$6.5M
Income Tax	$16.5M+7330.7%	-$228K-102.8%	$8.0M+479.0%	-$2.1M-116.1%	$13.1M+22.5%	$10.7M+120.1%	$4.9M+274.2%	$1.3M
Net Income	$67.4M+234.9%	$20.1M+156.3%	$7.9M+2666.5%	$284K-99.4%	$45.1M+64.8%	$27.4M-23.9%	$36.0M+544.6%	$5.6M
EPS (Diluted)	N/A	$0.59+156.5%	$0.23+2200.0%	$0.01	N/A	$0.80-23.8%	$1.05+556.3%	$0.16

ANDE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.7B-9.9%	$4.1B+6.9%	$3.9B-16.3%	$4.6B+0.8%	$4.6B+7.0%	$4.3B
Current Assets	$2.4B-16.6%	$2.9B+1.5%	$2.8B-19.0%	$3.5B+2.8%	$3.4B+39.6%	$2.4B
Cash & Equivalents	$98.3M-82.5%	$561.8M-12.7%	$643.9M+458.6%	$115.3M-46.7%	$216.4M+643.2%	$29.1M
Inventory	$1.4B+6.1%	$1.3B+10.3%	$1.2B-32.6%	$1.7B-4.6%	$1.8B+40.3%	$1.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$127.9M0.0%	$127.9M0.0%	$127.9M-1.1%	$129.3M0.0%	$129.3M-1.7%	$131.5M
Total Liabilities	$2.4B-3.9%	$2.5B+7.8%	$2.3B-26.4%	$3.2B-2.6%	$3.3B+4.8%	$3.1B
Current Liabilities	$1.7B-2.6%	$1.7B+5.8%	$1.6B-35.1%	$2.5B+2.3%	$2.5B+27.6%	$1.9B
Long-Term Debt	$560.0M-7.9%	$608.2M+8.0%	$563.0M+14.3%	$492.5M-18.0%	$600.5M-32.3%	$886.5M
Total Equity	$1.2B-8.9%	$1.4B+6.5%	$1.3B+7.0%	$1.2B+11.8%	$1.1B+11.5%	$961.9M
Retained Earnings	$1.0B+7.0%	$970.7M+9.9%	$882.9M+9.3%	$807.8M+14.9%	$702.8M+12.2%	$626.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$3.7B+12.6%	$3.3B-4.3%	$3.4B-9.2%	$3.8B-7.9%	$4.1B+21.6%	$3.4B+2.7%	$3.3B+1.2%	$3.3B
Current Assets	$2.4B+21.2%	$2.0B-9.9%	$2.2B-14.0%	$2.5B-11.3%	$2.9B+22.3%	$2.3B+3.6%	$2.2B+1.6%	$2.2B
Cash & Equivalents	$98.3M+20.4%	$81.6M-76.7%	$351.0M+60.1%	$219.2M-61.0%	$561.8M+23.7%	$454.1M-14.4%	$530.4M+86.8%	$283.9M
Inventory	$1.4B+51.8%	$899.3M+16.5%	$771.9M-38.2%	$1.2B-2.9%	$1.3B+45.5%	$884.3M+28.8%	$686.5M-31.0%	$994.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$127.9M	N/A	N/A	N/A	$127.9M	N/A	N/A	$127.9M
Total Liabilities	$2.4B+16.8%	$2.1B+13.0%	$1.8B-16.7%	$2.2B-12.6%	$2.5B+35.2%	$1.9B+4.8%	$1.8B-0.3%	$1.8B
Current Liabilities	$1.7B+26.8%	$1.3B+23.1%	$1.1B-24.7%	$1.4B-17.1%	$1.7B+47.0%	$1.2B+8.6%	$1.1B+0.1%	$1.1B
Long-Term Debt	$560.0M-1.6%	$569.1M-1.6%	$578.5M-1.6%	$588.1M-3.3%	$608.2M+12.1%	$542.6M-1.2%	$549.4M-1.2%	$556.2M
Total Equity	$1.2B+5.4%	$1.2B-13.4%	$1.4B+0.6%	$1.4B-0.8%	$1.4B+2.8%	$1.3B+1.4%	$1.3B+2.4%	$1.3B
Retained Earnings	$1.0B+6.2%	$978.7M+1.4%	$965.3M+0.1%	$964.1M-0.7%	$970.7M+4.1%	$932.2M+2.3%	$911.5M+3.3%	$881.9M

ANDE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$177.0M-46.6%	$331.5M-65.0%	$946.8M+229.7%	$287.1M+662.4%	-$51.0M+31.4%	-$74.4M
Capital Expenditures	$233.1M+56.3%	$149.2M-0.8%	$150.4M+38.9%	$108.3M+42.9%	$75.8M-1.8%	$77.1M
Free Cash Flow	-$56.1M-130.8%	$182.3M-77.1%	$796.3M+345.3%	$178.8M+241.0%	-$126.8M+16.3%	-$151.6M
Investing Cash Flow	-$195.3M-19.8%	-$163.1M-6.0%	-$153.9M-190.9%	-$52.9M-110.9%	$487.2M+661.6%	-$86.8M
Financing Cash Flow	-$447.1M-78.6%	-$250.4M+5.2%	-$264.0M+21.1%	-$334.7M-34.6%	-$248.8M-282.5%	$136.3M
Dividends Paid	$26.8M+2.2%	$26.3M+3.5%	$25.4M+3.1%	$24.6M+3.6%	$23.7M+3.2%	$23.0M
Share Buybacks	$15.4M+569.5%	$2.3M+31.4%	$1.7M-86.3%	$12.7M	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$6.2M-102.6%	$233.9M-21.9%	$299.3M+185.5%	-$350.0M-230.2%	$268.8M+12827.8%	-$2.1M-100.7%	$304.4M+227.0%	-$239.6M
Capital Expenditures	$70.9M+6.1%	$66.8M+36.9%	$48.8M+4.9%	$46.5M-16.8%	$56.0M+47.9%	$37.8M+32.2%	$28.6M+6.9%	$26.8M
Free Cash Flow	-$77.1M-146.2%	$167.0M-33.3%	$250.5M+163.2%	-$396.6M-286.3%	$212.9M+632.8%	-$40.0M-114.5%	$275.8M+203.5%	-$266.4M
Investing Cash Flow	-$68.0M-31.8%	-$51.6M-61.9%	-$31.9M+27.3%	-$43.8M+39.5%	-$72.5M-123.3%	-$32.5M+10.1%	-$36.1M-63.6%	-$22.1M
Financing Cash Flow	$90.8M+120.1%	-$451.0M-228.1%	-$137.5M-372.5%	$50.4M+157.5%	-$87.8M-105.7%	-$42.7M-97.1%	-$21.6M+78.0%	-$98.3M
Dividends Paid	$7.0M+6.5%	$6.5M-2.2%	$6.7M-0.3%	$6.7M-1.7%	$6.8M+5.2%	$6.5M-0.1%	$6.5M-0.6%	$6.5M
Share Buybacks	$0	N/A	N/A	N/A	$2.3M	N/A	N/A	N/A

ANDE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	6.5%+0.3pp	6.2%+1.1pp	5.1%+1.1pp	4.0%-0.8pp	4.7%+0.2pp	4.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.9%-0.1pp	1.0%+0.3pp	0.7%-0.1pp	0.8%-0.1pp	0.8%+0.7pp	0.1%
Return on Equity	7.7%-0.7pp	8.3%+0.5pp	7.9%-3.0pp	10.9%+1.2pp	9.7%+8.9pp	0.8%
Return on Assets	2.6%-0.2pp	2.8%+0.1pp	2.6%-0.2pp	2.8%+0.6pp	2.3%+2.1pp	0.2%
Current Ratio	1.41-0.2	1.65-0.1	1.72+0.3	1.370.0	1.37+0.1	1.25
Debt-to-Equity	0.450.0	0.450.0	0.44+0.0	0.41-0.1	0.56-0.4	0.92
FCF Margin	-0.5%-2.1pp	1.6%-3.8pp	5.4%+4.4pp	1.0%+2.0pp	-1.0%+0.9pp	-1.9%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	9.1%+2.8pp	6.4%+1.3pp	5.1%-0.7pp	5.8%-1.1pp	6.8%+0.1pp	6.8%+0.5pp	6.3%+1.6pp	4.7%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.7%+1.9pp	0.8%+0.5pp	0.3%+0.2pp	0.0%-1.4pp	1.4%+0.4pp	1.0%-0.3pp	1.3%+1.1pp	0.2%
Return on Equity	5.4%+3.7pp	1.7%+1.1pp	0.6%+0.6pp	0.0%-3.3pp	3.3%+1.2pp	2.1%-0.7pp	2.8%+2.3pp	0.4%
Return on Assets	1.8%+1.2pp	0.6%+0.4pp	0.2%+0.2pp	0.0%-1.1pp	1.1%+0.3pp	0.8%-0.3pp	1.1%+0.9pp	0.2%
Current Ratio	1.41-0.1	1.47-0.5	2.01+0.3	1.76+0.1	1.65-0.3	1.98-0.1	2.07+0.0	2.04
Debt-to-Equity	0.45-0.0	0.48+0.1	0.420.0	0.43-0.0	0.45+0.0	0.41-0.0	0.42-0.0	0.43
FCF Margin	-3.0%-9.3pp	6.2%-1.8pp	8.0%+22.9pp	-14.9%-21.7pp	6.8%+8.3pp	-1.5%-11.4pp	9.9%+19.7pp	-9.8%

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Frequently Asked Questions

What is Andersons Inc's annual revenue?

Andersons Inc (ANDE) reported $11.0B in total revenue for fiscal year 2025. This represents a -2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Andersons Inc's revenue growing?

Andersons Inc (ANDE) revenue declined by 2.2% year-over-year, from $11.3B to $11.0B in fiscal year 2025.

Is Andersons Inc profitable?

Yes, Andersons Inc (ANDE) reported a net income of $95.7M in fiscal year 2025, with a net profit margin of 0.9%.

How much debt does Andersons Inc have?

As of fiscal year 2025, Andersons Inc (ANDE) had $98.3M in cash and equivalents against $560.0M in long-term debt.

What is Andersons Inc's gross margin?

Andersons Inc (ANDE) had a gross margin of 6.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Andersons Inc's net profit margin?

Andersons Inc (ANDE) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Andersons Inc pay dividends?

Yes, Andersons Inc (ANDE) paid $0.79 per share in dividends during fiscal year 2025.

What is Andersons Inc's return on equity (ROE)?

Andersons Inc (ANDE) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Andersons Inc's free cash flow?

Andersons Inc (ANDE) generated -$56.1M in free cash flow during fiscal year 2025. This represents a -130.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Andersons Inc's operating cash flow?

Andersons Inc (ANDE) generated $177.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Andersons Inc's total assets?

Andersons Inc (ANDE) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Andersons Inc's capital expenditures?

Andersons Inc (ANDE) invested $233.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Andersons Inc buy back shares?

Yes, Andersons Inc (ANDE) spent $15.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Andersons Inc have outstanding?

Andersons Inc (ANDE) had 34M shares outstanding as of fiscal year 2025.

What is Andersons Inc's current ratio?

Andersons Inc (ANDE) had a current ratio of 1.41 as of fiscal year 2025, which is considered adequate.

What is Andersons Inc's debt-to-equity ratio?

Andersons Inc (ANDE) had a debt-to-equity ratio of 0.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Andersons Inc's return on assets (ROA)?

Andersons Inc (ANDE) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Andersons Inc's Piotroski F-Score?

Andersons Inc (ANDE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Andersons Inc's earnings high quality?

Andersons Inc (ANDE) has an earnings quality ratio of 1.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Andersons Inc?

Andersons Inc (ANDE) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.