Andersons, Inc. (ANDE) Financial Statements
Industry: Farm Product Raw Materials (Wholesale)
In fiscal 2025, Andersons reported revenue of $11.01B, down 2.2% from $11.26B the year before. Net income was $95.7M (a 0.9% net margin), or $2.79 per diluted share. Gross margin was 6.5% and operating margin was 5.4%. Operating activities generated $177.0M of cash, leaving -$56.1M of free cash flow. At fiscal year end, Andersons held $3.71B in total assets against $2.42B in total liabilities, including $98.3M of cash and equivalents.
Open the full interactive Andersons financials → Quarterly statements, key ratios, valuation history and price charts.
Andersons Key Stats
| Share Price | $67.42 |
|---|---|
| Market Cap | $2.31B |
| P/E Ratio | 24.2 |
| Revenue YoY Growth | -2.2% |
| 52-Week Range | $41.50 – $80.62 |
| Shares Outstanding | 34.1 million (basic, 2026 Q2) |
Andersons Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $8.21B | $12.61B | $17.33B | $14.75B | $11.26B | $11.01B |
| Cost of Goods Sold | $7.80B | $12.02B | $16.64B | $14.00B | $10.56B | $10.30B |
| Gross Profit | $404.9M | $592.7M | $684.2M | $745.4M | $693.9M | $713.7M |
| Operating Income | $279.2M | $465.8M | $573.6M | $644.8M | $588.6M | $597.2M |
| Pre-Tax Income | -$24.5M | $160.8M | $194.6M | $169.6M | $200.8M | $141.5M |
| Income Tax | -$10.3M | $29.2M | $39.6M | $37.0M | $30.1M | $22.2M |
| Net Income | $7.7M | $104.0M | $131.1M | $101.2M | $114.0M | $95.7M |
| Diluted EPS | $0.23 | $3.07 | $3.81 | $2.94 | $3.32 | $2.79 |
Andersons Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.68B | $2.54B | $2.63B | $3.10B |
| Net Income | $20.1M | $67.4M | $33.2M | $56.6M |
| Diluted EPS | $0.59 | $1.96 | $0.97 | $1.65 |
Andersons Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $29.1M | $216.4M | $115.3M | $643.9M | $561.8M | $98.3M |
| Current Assets | $2.42B | $3.37B | $3.47B | $2.81B | $2.85B | $2.38B |
| Total Assets | $4.27B | $4.57B | $4.61B | $3.86B | $4.12B | $3.71B |
| Current Liabilities | $1.93B | $2.46B | $2.52B | $1.64B | $1.73B | $1.69B |
| Total Long-Term Debt | $992.0M | $632.7M | $602.7M | $590.5M | $644.3M | $623.4M |
| Total Liabilities | $3.11B | $3.26B | $3.18B | $2.34B | $2.52B | $2.42B |
| Shareholders' Equity | $961.9M | $1.07B | $1.20B | $1.28B | $1.37B | $1.24B |
Andersons Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$74.4M | -$51.0M | $287.1M | $946.8M | $331.5M | $177.0M |
| Cash From Investing | -$86.8M | $487.2M | -$52.9M | -$153.9M | -$163.1M | -$195.3M |
| Cash From Financing | $136.3M | -$248.8M | -$334.7M | -$264.0M | -$250.4M | -$447.1M |
| Free Cash Flow | -$151.6M | -$126.8M | $178.8M | $796.3M | $182.3M | -$56.1M |
Figures from Andersons' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Andersons financials page for every line item.
Andersons Company Profile
| Ticker | ANDE |
|---|---|
| Exchange | Nasdaq |
| Industry | Farm Product Raw Materials (Wholesale) |
| Headquarters | Maumee, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000821026 |
Frequently Asked Questions
What was Andersons' revenue in fiscal 2025?
Andersons (ANDE) reported revenue of $11.01B for fiscal 2025.
What is Andersons' annual revenue history?
Andersons' annual revenue by fiscal year: 2020: $8.21B; 2021: $12.61B; 2022: $17.33B; 2023: $14.75B; 2024: $11.26B; 2025: $11.01B.
What was Andersons' net income in fiscal 2025?
Andersons reported net income of $95.7M for fiscal 2025.
What was Andersons' earnings per share (EPS) in fiscal 2025?
Andersons' diluted EPS was $2.79 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Andersons generate in fiscal 2025?
Andersons generated -$56.1M of free cash flow in fiscal 2025.
What was Andersons' revenue last quarter?
In its most recent reported quarter (2026 Q2), Andersons reported revenue of $3.10B.
How much debt does Andersons have?
Andersons reported $623.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Andersons are outstanding?
Andersons reported a weighted average of 34.1 million basic shares outstanding in 2026 Q2.
What is Andersons' market cap?
Based on its latest closing price, Andersons (ANDE) has a market capitalization of about $2.31B.
When does Andersons' fiscal year end?
Andersons' fiscal year end, as registered with the SEC, is December 31.
Where is Andersons headquartered?
Andersons lists its business address in Maumee, Ohio in its SEC filings.
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