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Andersons (ANDE) Financials

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$40.95 +2.44 (+6.34%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$40.96 +0.01 (+0.03%)
As of 08/22/2025 06:16 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Andersons

Annual Income Statements for Andersons

This table shows Andersons' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
110 -13 12 43 41 18 7.71 104 131 101 114
Consolidated Net Income / (Loss)
123 -11 14 43 41 15 -14 136 167 133 171
Net Income / (Loss) Continuing Operations
123 -11 14 43 41 3.88 -16 132 155 133 171
Total Pre-Tax Income
184 -12 21 -21 53 13 -27 161 195 170 201
Total Operating Income
78 -70 20 -38 38 9.85 -11 161 218 166 190
Total Gross Profit
397 376 346 319 302 461 366 593 684 745 694
Total Revenue
4,540 4,198 3,925 3,686 3,045 8,003 8,065 12,612 17,325 14,750 11,258
Operating Revenue
4,540 4,198 3,925 3,686 3,045 8,003 8,065 12,612 17,325 14,750 11,258
Total Cost of Revenue
4,143 3,823 3,579 3,368 2,743 7,542 7,698 12,019 16,641 14,005 10,564
Operating Cost of Revenue
4,143 3,823 3,579 3,368 2,743 7,542 7,698 12,019 16,641 14,005 10,564
Total Operating Expenses
319 446 325 357 264 451 378 432 467 579 504
Selling, General & Admin Expense
- - - - 258 410 378 423 458 492 504
Impairment Charge
3.09 56 9.11 70 6.27 41 - 8.95 9.00 87 0.00
Total Other Income / (Expense), net
106 58 1.08 18 15 3.18 -16 0.15 -23 3.62 10
Interest Expense
22 20 21 22 28 43 34 37 57 47 32
Other Income / (Expense), net
31 46 12 23 16 19 18 37 34 50 42
Income Tax Expense
62 -0.24 6.91 -63 12 9.15 -11 29 40 37 30
Net Income / (Loss) Discontinued Operations
- - - - - 11 1.96 4.32 12 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest
13 1.75 2.88 0.10 -0.26 -3.25 -22 32 36 31 57
Basic Earnings per Share
$3.85 ($0.46) $0.41 $1.51 $1.47 $0.56 $0.23 $3.12 $3.89 $3.00 $3.35
Weighted Average Basic Shares Outstanding
28.80M 28M 28.19M 28.13M 28.26M 32.57M 32.92M 33.28M 33.73M 33.72M 34.03M
Diluted Earnings per Share
$3.84 ($0.46) $0.41 $1.50 $1.46 $0.55 $0.23 $3.07 $3.81 $2.94 $3.32
Weighted Average Diluted Shares Outstanding
28.80M 28M 28.19M 28.13M 28.45M 33.10M 33.19M 33.86M 34.42M 34.38M 34.32M
Weighted Average Basic & Diluted Shares Outstanding
28.80M 28M 28.19M 28.13M 28.26M 32.80M 33.20M 33.70M 33.54M 33.83M 34.03M
Cash Dividends to Common per Share
$0.47 $0.58 $0.63 $0.65 $0.67 $0.69 $0.70 $0.71 $0.73 $0.75 $0.77

Quarterly Income Statements for Andersons

This table shows Andersons' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
9.02 -15 55 9.71 51 5.58 52 27 45 0.28 7.86
Consolidated Net Income / (Loss)
15 -59 83 31 78 13 52 51 54 5.33 17
Net Income / (Loss) Continuing Operations
21 -59 83 31 78 13 52 51 54 5.33 17
Total Pre-Tax Income
31 -65 104 38 92 14 57 62 67 3.21 25
Total Operating Income
34 -56 106 31 85 8.96 59 57 66 7.12 24
Total Gross Profit
170 148 222 158 218 128 175 177 213 153 158
Total Revenue
4,677 3,881 4,020 3,636 3,213 2,718 2,795 2,621 3,123 2,659 3,136
Operating Revenue
4,677 3,881 4,020 3,636 3,213 2,718 2,795 2,621 3,123 2,659 3,136
Total Cost of Revenue
4,507 3,733 3,798 3,478 2,995 2,590 2,620 2,444 2,910 2,506 2,977
Operating Cost of Revenue
4,507 3,733 3,798 3,478 2,995 2,590 2,620 2,444 2,910 2,506 2,977
Total Operating Expenses
136 204 116 126 133 119 117 120 147 146 135
Selling, General & Admin Expense
127 117 116 126 133 119 117 120 147 146 135
Total Other Income / (Expense), net
-2.45 -8.62 -1.51 6.99 6.76 5.01 -1.41 5.56 1.30 -3.91 1.01
Interest Expense
14 17 14 8.19 8.10 6.52 6.61 8.36 10 13 11
Other Income / (Expense), net
12 8.00 12 15 15 12 5.20 14 12 9.19 13
Income Tax Expense
9.93 -5.88 22 7.86 13 1.30 4.88 11 13 -2.12 8.03
Net Income / (Loss) Attributable to Noncontrolling Interest
6.07 -44 28 21 27 7.08 0.00 24 9.01 5.05 8.95
Basic Earnings per Share
$0.29 ($0.44) $1.63 $0.29 $1.52 $0.16 $1.06 $0.80 $1.33 $0.01 $0.23
Weighted Average Basic Shares Outstanding
33.73M 33.62M 33.74M 33.75M 33.72M 33.93M 34.06M 34.07M 34.03M 34.10M 34.20M
Diluted Earnings per Share
$0.27 ($0.44) $1.61 $0.28 $1.49 $0.16 $1.05 $0.80 $1.31 $0.01 $0.23
Weighted Average Diluted Shares Outstanding
34.42M 33.62M 34.17M 34.27M 34.38M 34.24M 34.34M 34.36M 34.32M 34.32M 34.30M
Weighted Average Basic & Diluted Shares Outstanding
33.54M 33.73M 33.75M 33.75M 33.83M 34.05M 34.07M 34.07M 34.03M 34.19M 34.21M

Annual Cash Flow Statements for Andersons

This table details how cash moves in and out of Andersons' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-194 -51 -1.12 -28 -12 32 -26 187 -101 529 -82
Net Cash From Operating Activities
-10 154 40 75 -36 349 -74 -51 287 947 332
Net Cash From Continuing Operating Activities
-10 154 40 75 -36 349 -74 -55 275 947 334
Net Income / (Loss) Continuing Operations
123 -11 14 43 41 15 -14 132 155 133 171
Consolidated Net Income / (Loss)
123 -11 14 43 41 15 -14 136 167 133 171
Net Income / (Loss) Discontinued Operations
- - - - - - - 4.32 12 0.00 0.00
Depreciation Expense
62 78 84 86 90 146 189 179 135 125 128
Non-Cash Adjustments To Reconcile Net Income
8.70 74 18 43 -26 26 38 6.61 33 95 28
Changes in Operating Assets and Liabilities, net
-203 13 -78 -97 -141 161 -287 -372 -48 594 8.24
Net Cash From Investing Activities
-90 -238 -28 -113 -186 -325 -87 487 -53 -154 -163
Net Cash From Continuing Investing Activities
-90 -238 -28 -113 -186 -325 -87 487 -53 -154 -163
Purchase of Property, Plant & Equipment
-60 -72 -78 -35 -143 -165 -77 -76 -108 -150 -149
Acquisitions
-20 -129 -2.52 -9.19 -3.33 -104 -3.06 -18 -20 -25 -29
Divestitures
0.00 - - - - 25 0.00 561 61 10 0.00
Other Investing Activities, net
-58 -38 -27 -105 -88 -86 -18 15 14 11 15
Net Cash From Financing Activities
-95 33 -12 10 209 8.71 136 -249 -335 -264 -250
Net Cash From Continuing Financing Activities
-95 33 -12 10 209 8.71 136 -249 -335 -264 -250
Repayment of Debt
-74 -95 -99 -68 -124 -618 -566 -1,036 -599 -284 -86
Repurchase of Common Equity
0.00 -49 - - -10 - 0.00 0.00 -13 -1.75 -2.30
Payment of Dividends
-27 -19 -23 -19 -19 -22 -33 -24 -70 -72 -129
Issuance of Debt
3.41 197 110 97 315 923 472 811 350 100 -25
Other Financing Activities, net
1.81 - 0.00 0.00 - -279 255 - -3.38 -6.63 -8.11
Effect of Exchange Rate Changes
- - - 0.00 0.00 0.07 -0.88 -0.11 -0.66 -0.29 -0.16

Quarterly Cash Flow Statements for Andersons

This table details how cash moves in and out of Andersons' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-8.11 -44 25 322 226 -360 246 -76 108 -343 132
Net Cash From Operating Activities
440 -334 541 489 251 -240 304 -2.11 269 -350 299
Net Cash From Continuing Operating Activities
447 -334 541 489 251 -240 304 -2.11 272 -350 299
Net Income / (Loss) Continuing Operations
21 -59 83 31 78 13 52 51 54 5.33 17
Consolidated Net Income / (Loss)
15 -59 83 31 78 13 52 51 54 5.33 17
Depreciation Expense
33 32 30 31 31 31 30 30 36 34 33
Non-Cash Adjustments To Reconcile Net Income
62 85 3.18 0.40 6.69 4.80 6.03 4.33 13 17 -6.99
Changes in Operating Assets and Liabilities, net
330 -392 425 427 134 -288 216 -88 169 -407 256
Net Cash From Investing Activities
-56 -20 -52 -46 -37 -22 -36 -32 -72 -44 -32
Net Cash From Continuing Investing Activities
-56 -20 -52 -46 -37 -22 -36 -32 -72 -44 -32
Purchase of Property, Plant & Equipment
-36 -25 -50 -34 -42 -27 -29 -38 -56 -47 -49
Other Investing Activities, net
5.27 5.66 -2.35 2.20 5.42 4.72 2.09 5.39 3.09 2.72 17
Net Cash From Financing Activities
-410 309 -464 -121 12 -98 -22 -43 -88 50 -137
Net Cash From Continuing Financing Activities
-410 309 -464 -121 12 -98 -22 -43 -88 50 -137
Repayment of Debt
-19 -32 -180 -95 22 -39 -45 31 -66 46 -129
Payment of Dividends
-16 -16 -21 -26 -8.72 -51 -8.97 -46 -22 -6.69 -8.22
Other Financing Activities, net
-5.06 -6.62 - -0.01 -0.00 -8.07 - -0.03 -0.00 -3.84 -0.09
Effect of Exchange Rate Changes
- - - -0.47 -0.10 0.01 - 0.91 -0.86 0.85 1.76

Annual Balance Sheets for Andersons

This table presents Andersons' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
2,365 2,359 2,233 2,162 2,392 3,901 4,272 4,569 4,608 3,855 4,121
Total Current Assets
1,254 1,130 1,058 999 1,023 1,945 2,416 3,372 3,466 2,807 2,850
Cash & Equivalents
115 64 63 35 23 55 29 216 115 644 562
Note & Lease Receivable
183 171 195 183 207 536 641 835 1,249 763 765
Inventories, net
796 747 683 649 691 1,171 1,293 1,815 1,732 1,167 1,287
Other Current Assets
153 140 118 94 51 108 420 485 370 234 237
Plant, Property, & Equipment, net
709 793 777 808 998 1,523 860 786 763 693 868
Total Noncurrent Assets
401 436 397 355 370 433 995 411 379 355 403
Other Noncurrent Operating Assets
35 9.93 11 13 23 122 80 121 149 141 403
Total Liabilities & Shareholders' Equity
2,365 2,359 2,233 2,162 2,392 3,901 4,272 4,569 4,608 3,855 4,121
Total Liabilities
1,541 1,575 1,442 1,339 1,515 2,705 3,111 3,262 3,178 2,339 2,521
Total Current Liabilities
1,028 888 800 739 833 1,440 1,932 2,464 2,521 1,636 1,731
Short-Term Debt
79 45 77 76 227 210 473 534 383 71 203
Accounts Payable
707 669 582 504 463 873 955 1,199 1,424 1,055 1,047
Accrued Expenses
79 70 70 70 79 176 153 230 246 232 227
Current Deferred Revenue
100 67 49 60 33 134 178 358 371 187 194
Other Current Liabilities
64 37 23 30 33 47 147 129 99 91 60
Total Noncurrent Liabilities
513 687 642 601 682 1,265 1,180 798 657 702 790
Long-Term Debt
299 436 397 418 496 1,016 886 600 493 563 608
Other Noncurrent Operating Liabilities
19 19 28 34 33 103 75 110 100 81 182
Commitments & Contingencies
0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
824 784 791 823 877 1,196 1,161 1,308 1,430 1,516 1,600
Total Preferred & Common Equity
803 764 774 815 830 974 962 1,072 1,199 1,283 1,366
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
803 764 774 815 830 974 962 1,072 1,199 1,283 1,366
Common Stock
223 223 223 225 224 345 349 369 385 387 386
Retained Earnings
645 615 609 633 648 643 626 703 808 883 971
Treasury Stock
-9.74 -53 -45 -40 -35 -7.34 -0.97 -0.26 -15 -10 -2.86
Accumulated Other Comprehensive Income / (Loss)
-55 -21 -12 -2.70 -6.39 -7.23 -12 1.19 20 23 13
Noncontrolling Interest
21 19 16 7.70 46 222 199 235 231 233 234

Quarterly Balance Sheets for Andersons

This table presents Andersons' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets
4,737 4,419 4,102 3,570 3,588 3,261 3,300 3,388 3,798 3,446
Total Current Assets
3,573 3,265 3,050 2,537 2,527 2,214 2,249 2,331 2,529 2,175
Cash & Equivalents
86 141 71 96 418 284 530 454 219 351
Note & Lease Receivable
1,141 991 1,125 1,030 817 702 744 757 812 784
Inventories, net
1,618 1,556 1,551 991 985 995 687 884 1,249 772
Other Current Assets
709 577 303 420 307 234 289 236 248 269
Plant, Property, & Equipment, net
763 766 679 663 680 689 694 710 860 884
Total Noncurrent Assets
401 387 373 369 381 358 356 347 409 387
Other Noncurrent Operating Assets
142 159 148 369 381 358 356 347 409 387
Total Liabilities & Shareholders' Equity
4,737 4,419 4,102 3,570 3,588 3,261 3,300 3,388 3,798 3,446
Total Liabilities
3,320 2,992 2,756 2,132 2,139 1,785 1,780 1,865 2,203 1,836
Total Current Liabilities
2,578 2,321 2,112 1,393 1,408 1,083 1,085 1,178 1,434 1,081
Short-Term Debt
1,215 765 724 130 42 38 32 42 285 169
Accounts Payable
773 930 769 641 822 626 607 774 661 572
Accrued Expenses
212 230 202 181 189 178 193 208 194 187
Current Deferred Revenue
184 259 310 190 212 175 124 68 224 74
Other Current Liabilities
186 137 108 251 143 67 129 86 70 79
Total Noncurrent Liabilities
742 672 643 738 731 702 695 687 769 755
Long-Term Debt
563 498 487 576 570 556 549 543 588 578
Other Noncurrent Operating Liabilities
112 115 102 162 162 146 145 145 181 177
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,417 1,427 1,346 1,438 1,449 1,476 1,520 1,523 1,594 1,611
Total Preferred & Common Equity
1,167 1,194 1,170 1,231 1,241 1,280 1,311 1,329 1,356 1,364
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,167 1,194 1,170 1,231 1,241 1,280 1,311 1,329 1,356 1,364
Common Stock
379 382 378 381 384 375 379 382 383 385
Retained Earnings
775 806 786 835 839 882 911 932 964 965
Treasury Stock
-2.31 -9.99 -11 -10 -10 -0.63 -0.63 -0.57 0.00 0.00
Accumulated Other Comprehensive Income / (Loss)
15 16 16 25 29 23 21 15 8.86 14
Noncontrolling Interest
250 233 177 207 208 196 210 194 239 246

Annual Metrics And Ratios for Andersons

This table displays calculated financial ratios and metrics derived from Andersons' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-18.99% -7.52% -6.52% -6.08% -17.39% 162.80% 0.77% 56.39% 37.37% -14.86% -23.68%
EBITDA Growth
9.18% -67.89% 112.76% -39.60% 103.81% 21.07% 11.92% 92.99% 2.43% -11.56% 5.50%
EBIT Growth
7.59% -121.41% 239.99% -147.84% 443.49% -47.33% -76.37% 2,854.83% 26.95% -13.92% 7.43%
NOPAT Growth
-6.18% -193.86% 128.09% -294.52% 209.84% -90.02% -374.64% 1,732.86% 31.86% -25.15% 24.76%
Net Income Growth
28.15% -109.23% 227.80% 194.46% -3.25% -63.47% -194.39% 1,055.79% 22.90% -20.63% 28.80%
EPS Growth
20.75% -111.98% 189.13% 265.85% -2.67% -62.33% -58.18% 1,234.78% 24.10% -22.83% 12.93%
Operating Cash Flow Growth
-102.99% 1,630.47% -74.32% 90.19% -147.18% 1,081.34% -121.35% 31.41% 662.42% 229.74% -64.98%
Free Cash Flow Firm Growth
-201.21% 42.19% 91.82% -427.19% -264.32% -331.73% 139.30% -143.43% 201.90% 365.32% -122.25%
Invested Capital Growth
55.94% 11.54% 2.70% 3.77% 25.66% 78.51% -17.59% 16.04% -0.07% -31.22% 22.76%
Revenue Q/Q Growth
-6.44% -2.06% -1.76% -2.87% -5.91% 12.77% 9.76% 11.96% 5.45% -9.03% -0.79%
EBITDA Q/Q Growth
1.22% -62.31% 255.32% -21.63% 34.71% -15.96% 31.52% 17.82% -10.56% 18.16% -4.63%
EBIT Q/Q Growth
-1.76% -133.00% 165.07% -532.58% 213.28% -67.37% 116.59% 51.93% -14.39% 33.80% -8.77%
NOPAT Q/Q Growth
-4.79% -259.93% 122.37% -159.22% 879.85% -95.56% 82.14% 73.68% -19.32% 63.92% -10.73%
Net Income Q/Q Growth
-5.14% -117.87% 133.22% 369.23% -52.78% -54.45% 38.72% 54.09% -22.06% 91.55% -12.48%
EPS Q/Q Growth
-3.03% -121.50% 125.31% 350.00% -52.75% -53.39% 483.33% 13.70% -13.41% 70.93% -5.14%
Operating Cash Flow Q/Q Growth
-103.24% 382.44% -71.25% 27.66% -181.88% 36.54% -133.12% 66.23% 188.76% -16.70% 5.79%
Free Cash Flow Firm Q/Q Growth
-251.47% 66.69% -116.42% -95.15% -21.41% -19.75% -9.34% 36.49% 141.33% -17.47% -206.63%
Invested Capital Q/Q Growth
47.15% -9.50% 6.55% 7.95% 12.50% 11.99% 20.64% 14.66% -14.08% -8.30% 11.79%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
8.75% 8.95% 8.80% 8.65% 9.92% 5.76% 4.54% 4.70% 3.95% 5.05% 6.16%
EBITDA Margin
3.78% 1.31% 2.98% 1.92% 4.73% 2.18% 2.42% 2.99% 2.23% 2.32% 3.20%
Operating Margin
1.72% -1.66% 0.52% -1.04% 1.24% 0.12% -0.14% 1.27% 1.26% 1.13% 1.69%
EBIT Margin
2.41% -0.56% 0.84% -0.43% 1.77% 0.35% 0.08% 1.57% 1.45% 1.47% 2.07%
Profit (Net Income) Margin
2.70% -0.27% 0.37% 1.16% 1.35% 0.19% -0.18% 1.08% 0.96% 0.90% 1.52%
Tax Burden Percent
66.60% 97.91% 67.68% -207.60% 77.55% 115.66% 52.49% 84.51% 85.81% 78.16% 85.03%
Interest Burden Percent
168.35% 49.39% 65.23% 130.89% 98.69% 45.90% -404.01% 81.17% 77.39% 78.35% 86.34%
Effective Tax Rate
33.40% 0.00% 32.32% 0.00% 22.45% 70.23% 0.00% 18.18% 20.37% 21.84% 14.97%
Return on Invested Capital (ROIC)
7.39% -5.38% 1.41% -2.67% 2.55% 0.16% -0.39% 6.44% 7.91% 7.02% 9.65%
ROIC Less NNEP Spread (ROIC-NNEP)
-94.70% 30.44% 1.81% 32.70% 6.47% 1.78% -1.06% 6.99% 7.14% 7.77% 17.08%
Return on Net Nonoperating Assets (RNNOA)
8.45% 3.97% 0.42% 7.95% 2.30% 1.29% -0.82% 4.57% 4.29% 1.98% 1.31%
Return on Equity (ROE)
15.84% -1.41% 1.84% 5.28% 4.85% 1.45% -1.21% 11.01% 12.20% 9.00% 10.96%
Cash Return on Invested Capital (CROIC)
-36.32% -16.29% -1.25% -6.37% -20.19% -56.22% 18.90% -8.41% 7.98% 44.01% -10.79%
Operating Return on Assets (OROA)
4.72% -0.99% 1.43% -0.71% 2.37% 0.90% 0.16% 4.48% 5.48% 5.11% 5.83%
Return on Assets (ROA)
5.29% -0.48% 0.63% 1.94% 1.81% 0.48% -0.35% 3.07% 3.64% 3.13% 4.28%
Return on Common Equity (ROCE)
15.39% -1.37% 1.80% 5.20% 4.70% 1.27% -0.99% 9.07% 10.12% 7.58% 9.31%
Return on Equity Simple (ROE_SIMPLE)
15.27% -1.48% 1.87% 5.23% 4.96% 1.55% -1.48% 12.67% 13.93% 10.33% 12.49%
Net Operating Profit after Tax (NOPAT)
52 -49 14 -27 29 2.93 -8.05 131 173 130 162
NOPAT Margin
1.15% -1.17% 0.35% -0.73% 0.96% 0.04% -0.10% 1.04% 1.00% 0.88% 1.44%
Net Nonoperating Expense Percent (NNEP)
102.09% -35.83% -0.40% -35.37% -3.92% -1.61% 0.68% -0.55% 0.77% -0.75% -7.44%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - 7.52% 6.03% 6.71%
Cost of Revenue to Revenue
91.25% 91.05% 91.20% 91.35% 90.08% 94.24% 95.46% 95.30% 96.05% 94.95% 93.84%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 8.47% 5.12% 4.68% 3.35% 2.64% 3.34% 4.47%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
7.02% 10.62% 8.29% 9.68% 8.67% 5.63% 4.68% 3.43% 2.69% 3.93% 4.47%
Earnings before Interest and Taxes (EBIT)
109 -23 33 -16 54 28 6.70 198 251 216 233
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
171 55 117 71 144 175 195 377 386 342 360
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.56 0.96 1.38 0.93 0.89 0.76 0.79 1.15 0.95 1.49 1.01
Price to Tangible Book Value (P/TBV)
1.89 1.27 1.76 1.09 1.02 1.12 1.10 1.49 1.17 1.79 1.18
Price to Revenue (P/Rev)
0.28 0.18 0.27 0.21 0.24 0.09 0.09 0.10 0.07 0.13 0.12
Price to Earnings (P/E)
11.44 0.00 91.86 17.91 17.91 40.58 98.25 11.87 8.67 18.89 12.05
Dividend Yield
1.08% 2.19% 1.65% 2.41% 2.53% 3.01% 3.05% 1.90% 2.14% 1.32% 1.88%
Earnings Yield
8.75% 0.00% 1.09% 5.58% 5.58% 2.46% 1.02% 8.42% 11.54% 5.29% 8.30%
Enterprise Value to Invested Capital (EV/IC)
1.53 0.97 1.30 0.98 0.97 0.93 1.21 1.09 0.97 1.42 1.00
Enterprise Value to Revenue (EV/Rev)
0.29 0.22 0.32 0.27 0.41 0.27 0.28 0.19 0.12 0.14 0.16
Enterprise Value to EBITDA (EV/EBITDA)
7.65 16.89 10.89 14.22 8.65 12.24 11.71 6.33 5.51 6.25 5.15
Enterprise Value to EBIT (EV/EBIT)
11.98 0.00 38.89 0.00 23.15 75.29 341.15 12.06 8.46 9.86 7.99
Enterprise Value to NOPAT (EV/NOPAT)
25.15 0.00 92.77 0.00 42.48 728.91 0.00 18.17 12.28 16.46 11.47
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 6.03 32.21 13.36 0.00 6.13 0.00 0.00 7.41 2.26 5.60
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 5.79 0.00 12.17 2.63 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.46 0.61 0.60 0.60 0.82 1.03 1.17 0.87 0.61 0.42 0.51
Long-Term Debt to Equity
0.36 0.56 0.50 0.51 0.57 0.85 0.76 0.46 0.34 0.37 0.38
Financial Leverage
-0.09 0.13 0.23 0.24 0.36 0.72 0.77 0.65 0.60 0.25 0.08
Leverage Ratio
3.00 2.94 2.92 2.72 2.68 3.04 3.47 3.58 3.35 2.87 2.56
Compound Leverage Factor
5.04 1.45 1.90 3.57 2.64 1.39 -14.01 2.91 2.59 2.25 2.21
Debt to Total Capital
31.40% 38.03% 37.46% 37.54% 45.19% 50.63% 53.95% 46.45% 37.97% 29.47% 33.64%
Short-Term Debt to Total Capital
6.54% 3.54% 6.05% 5.78% 14.17% 8.67% 18.77% 21.87% 16.60% 3.29% 8.41%
Long-Term Debt to Total Capital
24.86% 34.49% 31.41% 31.75% 31.02% 41.96% 35.17% 24.59% 21.37% 26.18% 25.23%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
1.74% 1.54% 1.29% 0.58% 2.90% 9.17% 7.89% 9.63% 10.03% 10.86% 9.69%
Common Equity to Total Capital
66.85% 60.43% 61.25% 61.88% 51.91% 40.20% 38.17% 43.91% 52.00% 59.67% 56.67%
Debt to EBITDA
2.20 8.74 4.04 6.99 5.01 7.03 6.96 3.01 2.27 1.86 2.25
Net Debt to EBITDA
0.21 3.17 1.65 3.34 3.18 6.71 6.81 2.44 1.97 -0.03 0.69
Long-Term Debt to EBITDA
1.74 7.93 3.39 5.91 3.44 5.82 4.54 1.59 1.28 1.65 1.69
Debt to NOPAT
7.24 -9.83 34.46 -18.50 24.62 418.41 -168.91 8.63 5.05 4.89 5.01
Net Debt to NOPAT
0.68 -3.57 14.09 -8.84 15.59 399.67 -165.30 6.99 4.39 -0.08 1.54
Long-Term Debt to NOPAT
5.73 -8.92 28.89 -15.65 16.90 346.77 -110.14 4.57 2.84 4.34 3.76
Altman Z-Score
3.06 2.51 2.77 2.58 2.12 2.63 2.38 3.58 4.65 5.19 3.90
Noncontrolling Interest Sharing Ratio
2.83% 2.51% 2.28% 1.49% 3.19% 12.96% 17.86% 17.58% 17.04% 15.77% 14.99%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.22 1.27 1.32 1.35 1.23 1.35 1.25 1.37 1.37 1.72 1.65
Quick Ratio
0.29 0.26 0.32 0.30 0.28 0.41 0.35 0.43 0.54 0.86 0.77
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-256 -148 -12 -64 -233 -1,005 395 -172 175 813 -181
Operating Cash Flow to CapEx
-17.28% 213.53% 505.17% 10,412.86% -37.35% 218.16% -112.72% -71.64% 265.15% 629.31% 222.21%
Free Cash Flow to Firm to Interest Expense
-11.77 -7.38 -0.57 -2.96 -8.36 -23.26 11.69 -4.60 3.07 17.35 -5.70
Operating Cash Flow to Interest Expense
-0.46 7.68 1.87 3.49 -1.28 8.07 -2.20 -1.37 5.05 20.20 10.44
Operating Cash Flow Less CapEx to Interest Expense
-3.14 4.08 1.50 3.46 -4.69 4.37 -4.16 -3.28 3.15 16.99 5.74
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.96 1.78 1.71 1.68 1.34 2.54 1.97 2.85 3.78 3.49 2.82
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
5.87 4.95 5.01 5.06 4.10 8.10 6.25 7.74 9.39 9.66 8.61
Fixed Asset Turnover
6.79 5.59 5.00 4.65 3.37 6.35 6.77 15.32 22.37 20.26 14.42
Accounts Payable Turnover
5.70 5.56 5.72 6.21 5.68 11.29 8.42 11.16 12.69 11.30 10.05
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
62.14 73.67 72.92 72.16 89.11 45.04 58.40 47.19 38.89 37.77 42.39
Days Payable Outstanding (DPO)
64.03 65.67 63.77 58.82 64.27 32.32 43.33 32.71 28.77 32.31 36.33
Cash Conversion Cycle (CCC)
-1.90 7.99 9.15 13.33 24.84 12.72 15.07 14.48 10.13 5.46 6.06
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
859 958 984 1,021 1,284 2,291 1,888 2,191 2,190 1,506 1,849
Invested Capital Turnover
6.44 4.62 4.04 3.68 2.64 4.48 3.86 6.18 7.91 7.98 6.71
Increase / (Decrease) in Invested Capital
308 99 26 37 262 1,008 -403 303 -1.49 -684 343
Enterprise Value (EV)
1,311 929 1,275 1,006 1,247 2,136 2,287 2,388 2,127 2,135 1,857
Market Capitalization
1,255 735 1,065 761 743 743 758 1,235 1,136 1,912 1,374
Book Value per Share
$27.79 $27.29 $27.46 $28.70 $29.34 $29.87 $29.17 $32.22 $35.78 $38.01 $40.10
Tangible Book Value per Share
$22.98 $20.72 $21.43 $24.52 $25.62 $20.34 $20.93 $24.81 $28.90 $31.69 $34.31
Total Capital
1,201 1,265 1,264 1,317 1,600 2,422 2,520 2,442 2,305 2,150 2,411
Total Debt
377 481 474 495 723 1,226 1,360 1,135 875 634 811
Total Long-Term Debt
299 436 397 418 496 1,016 886 600 493 563 608
Net Debt
35 175 194 236 458 1,171 1,330 918 760 -10 249
Capital Expenditures (CapEx)
58 72 7.84 0.72 95 160 66 71 108 150 149
Debt-free, Cash-free Net Working Capital (DFCFNWC)
190 222 272 302 394 660 929 1,226 1,212 597 760
Debt-free Net Working Capital (DFNWC)
305 286 335 337 416 715 958 1,442 1,327 1,241 1,322
Net Working Capital (NWC)
227 241 258 260 190 505 485 908 945 1,171 1,119
Net Nonoperating Expense (NNE)
-71 -38 -0.73 -69 -12 -12 6.17 -4.44 6.31 -2.83 -8.89
Net Nonoperating Obligations (NNO)
35 175 194 199 407 1,096 728 884 760 -10 249
Total Depreciation and Amortization (D&A)
62 78 84 86 90 146 189 179 135 125 128
Debt-free, Cash-free Net Working Capital to Revenue
4.19% 5.29% 6.93% 8.19% 12.93% 8.25% 11.52% 9.72% 7.00% 4.05% 6.75%
Debt-free Net Working Capital to Revenue
6.73% 6.82% 8.53% 9.13% 13.67% 8.94% 11.88% 11.44% 7.66% 8.42% 11.74%
Net Working Capital to Revenue
4.99% 5.75% 6.58% 7.07% 6.23% 6.32% 6.01% 7.20% 5.45% 7.94% 9.94%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$3.85 ($0.46) $0.41 $1.51 $1.47 $0.56 $0.23 $3.12 $3.89 $3.00 $3.35
Adjusted Weighted Average Basic Shares Outstanding
28.80M 28M 28.20M 28.20M 32.50M 32.80M 32.92M 33.28M 33.73M 33.72M 34.03M
Adjusted Diluted Earnings per Share
$3.84 ($0.46) $0.41 $1.50 $1.46 $0.55 $0.23 $3.07 $3.81 $2.94 $3.32
Adjusted Weighted Average Diluted Shares Outstanding
28.80M 28M 28.20M 28.20M 32.50M 32.80M 33.19M 33.86M 34.42M 34.38M 34.32M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
28.80M 28M 28.20M 28.20M 32.50M 32.80M 33.20M 33.70M 33.54M 33.83M 34.03M
Normalized Net Operating Profit after Tax (NOPAT)
54 27 20 22 34 36 -8.05 139 180 198 162
Normalized NOPAT Margin
1.19% 0.63% 0.51% 0.60% 1.12% 0.45% -0.10% 1.10% 1.04% 1.34% 1.44%
Pre Tax Income Margin
4.06% -0.28% 0.54% -0.56% 1.75% 0.16% -0.34% 1.27% 1.12% 1.15% 1.78%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
5.03 -1.17 1.55 -0.73 1.93 0.66 0.20 5.31 4.42 4.62 7.32
NOPAT to Interest Expense
2.40 -2.44 0.65 -1.24 1.05 0.07 -0.24 3.52 3.05 2.77 5.09
EBIT Less CapEx to Interest Expense
2.35 -4.76 1.18 -0.76 -1.48 -3.04 -1.76 3.40 2.52 1.41 2.62
NOPAT Less CapEx to Interest Expense
-0.28 -6.03 0.28 -1.27 -2.36 -3.63 -2.19 1.61 1.14 -0.44 0.40
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
22.35% -168.94% 160.44% 43.49% 45.21% 146.87% -234.44% 17.50% 41.63% 54.17% 75.32%
Augmented Payout Ratio
22.35% -602.51% 160.44% 43.49% 69.47% 146.87% -234.44% 17.50% 49.25% 55.49% 76.66%

Quarterly Metrics And Ratios for Andersons

This table displays calculated financial ratios and metrics derived from Andersons' official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
23.65% -2.43% -9.67% -13.83% -31.31% -29.97% -30.47% -27.91% -2.80% -2.17% 12.19%
EBITDA Growth
-36.70% -128.93% -11.80% -6.30% 66.74% 418.39% -36.65% 29.79% -13.32% -1.54% -26.35%
EBIT Growth
-48.34% -325.36% -12.37% -6.29% 120.98% 142.36% -45.97% 51.49% -22.38% -20.41% -43.20%
NOPAT Growth
-64.25% -466.78% -18.17% -27.76% 218.17% 120.59% -35.91% 87.70% -26.97% 45.34% -70.01%
Net Income Growth
-75.79% -1,093.56% -18.67% -31.06% 419.59% 121.42% -36.54% 68.60% -31.02% -57.91% -67.97%
EPS Growth
-68.60% -375.00% -30.60% -73.58% 451.85% 136.36% -34.78% 185.71% -12.08% -93.75% -78.10%
Operating Cash Flow Growth
358.93% 68.97% 53.15% -14.03% -43.09% 28.16% -43.72% -100.43% 7.24% -46.07% -1.68%
Free Cash Flow Firm Growth
110.18% 186.15% 256.08% 254.40% 3,008.56% -10.26% -52.20% -96.20% -138.31% -163.66% -178.91%
Invested Capital Growth
-0.07% -25.01% -33.42% -35.56% -31.22% -28.18% -23.33% 0.70% 22.76% 25.93% 27.74%
Revenue Q/Q Growth
10.86% -17.02% 3.58% -9.56% -11.63% -15.40% 2.83% -6.23% 19.16% -14.86% 17.93%
EBITDA Q/Q Growth
-5.25% -120.54% 1,020.62% -47.70% 68.62% -60.78% 83.18% 7.15% 12.61% -55.45% 37.02%
EBIT Q/Q Growth
-9.08% -207.05% 344.69% -60.66% 114.42% -79.48% 212.14% 10.31% 9.87% -78.96% 122.76%
NOPAT Q/Q Growth
-33.92% -272.82% 312.55% -70.24% 191.05% -88.82% 561.59% -12.84% 13.24% -77.74% 36.53%
Net Income Q/Q Growth
-65.90% -491.61% 239.87% -63.09% 156.98% -83.85% 314.29% -1.92% 5.14% -90.15% 215.27%
EPS Q/Q Growth
-74.53% -262.96% 465.91% -82.61% 432.14% -89.26% 556.25% -23.81% 63.75% -99.24% 2,200.00%
Operating Cash Flow Q/Q Growth
-22.51% -175.72% 262.18% -9.66% -48.71% -195.60% 227.04% -100.69% 12,827.79% -230.21% 185.52%
Free Cash Flow Firm Q/Q Growth
104.03% 3,145.95% 40.87% -16.29% -18.79% -6.29% -24.96% -93.35% -919.80% -55.71% 7.00%
Invested Capital Q/Q Growth
-14.08% 13.54% -17.59% -19.84% -8.30% 18.56% -12.03% 5.28% 11.79% 21.62% -10.76%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
3.63% 3.81% 5.52% 4.34% 6.78% 4.72% 6.27% 6.76% 6.82% 5.75% 5.05%
EBITDA Margin
1.68% -0.42% 3.70% 2.14% 4.08% 1.89% 3.37% 3.85% 3.64% 1.90% 2.21%
Operating Margin
0.72% -1.45% 2.64% 0.86% 2.65% 0.33% 2.10% 2.16% 2.11% 0.27% 0.76%
EBIT Margin
0.97% -1.25% 2.94% 1.28% 3.11% 0.75% 2.29% 2.69% 2.48% 0.61% 1.16%
Profit (Net Income) Margin
0.32% -1.52% 2.06% 0.84% 2.44% 0.47% 1.88% 1.96% 1.73% 0.20% 0.54%
Tax Burden Percent
48.54% 90.95% 79.19% 79.52% 85.48% 90.67% 91.50% 82.75% 80.45% 165.92% 67.67%
Interest Burden Percent
68.83% 134.37% 88.21% 82.42% 91.89% 68.17% 89.66% 88.15% 86.76% 19.70% 68.36%
Effective Tax Rate
31.94% 0.00% 20.81% 20.48% 14.52% 9.33% 8.50% 17.25% 19.55% -65.92% 32.33%
Return on Invested Capital (ROIC)
3.86% -6.04% 13.67% 5.31% 18.05% 1.90% 13.14% 12.31% 11.40% 2.47% 3.32%
ROIC Less NNEP Spread (ROIC-NNEP)
2.92% -7.29% 13.57% 6.16% 19.59% 2.53% 12.75% 15.15% 12.27% 1.12% 3.62%
Return on Net Nonoperating Assets (RNNOA)
1.75% -8.59% 10.79% 2.82% 4.99% 1.30% 2.85% 1.65% 0.94% 0.35% 0.52%
Return on Equity (ROE)
5.61% -14.63% 24.46% 8.13% 23.04% 3.20% 15.98% 13.96% 12.34% 2.82% 3.83%
Cash Return on Invested Capital (CROIC)
7.98% 32.30% 43.52% 47.02% 44.01% 41.70% 35.20% 10.30% -10.79% -14.92% -17.40%
Operating Return on Assets (OROA)
3.65% -4.65% 11.91% 5.19% 10.83% 2.78% 8.23% 8.76% 7.01% 1.95% 3.96%
Return on Assets (ROA)
1.22% -5.68% 8.32% 3.40% 8.51% 1.72% 6.76% 6.39% 4.89% 0.64% 1.83%
Return on Common Equity (ROCE)
4.66% -12.41% 20.54% 6.88% 19.40% 2.78% 13.73% 12.07% 10.49% 2.42% 3.28%
Return on Equity Simple (ROE_SIMPLE)
0.00% 8.71% 6.74% 5.58% 0.00% 15.96% 13.28% 14.67% 0.00% 12.05% 0.00%
Net Operating Profit after Tax (NOPAT)
23 -39 84 25 73 8.13 54 47 53 12 16
NOPAT Margin
0.49% -1.02% 2.09% 0.69% 2.26% 0.30% 1.92% 1.79% 1.70% 0.44% 0.51%
Net Nonoperating Expense Percent (NNEP)
0.94% 1.25% 0.11% -0.85% -1.54% -0.63% 0.39% -2.84% -0.87% 1.34% -0.31%
Return On Investment Capital (ROIC_SIMPLE)
0.99% - - - 3.38% 0.39% - - 2.20% 0.48% 0.68%
Cost of Revenue to Revenue
96.37% 96.19% 94.48% 95.66% 93.22% 95.28% 93.73% 93.24% 93.18% 94.25% 94.95%
SG&A Expenses to Revenue
2.73% 3.02% 2.89% 3.47% 4.13% 4.39% 4.17% 4.60% 4.71% 5.48% 4.29%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
2.92% 5.27% 2.89% 3.47% 4.13% 4.39% 4.17% 4.60% 4.71% 5.48% 4.29%
Earnings before Interest and Taxes (EBIT)
45 -48 118 47 100 20 64 71 78 16 36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
79 -16 149 78 131 51 94 101 114 51 69
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.95 1.16 1.25 1.38 1.49 1.49 1.28 1.28 1.01 1.07 0.92
Price to Tangible Book Value (P/TBV)
1.17 1.44 1.25 1.38 1.79 1.49 1.28 1.28 1.18 1.07 0.92
Price to Revenue (P/Rev)
0.07 0.08 0.09 0.11 0.13 0.14 0.14 0.15 0.12 0.13 0.11
Price to Earnings (P/E)
8.67 12.28 17.84 29.04 18.89 15.67 16.42 14.17 12.05 13.38 19.50
Dividend Yield
2.14% 1.80% 1.62% 1.46% 1.32% 1.33% 1.52% 1.51% 1.88% 1.79% 2.11%
Earnings Yield
11.54% 8.14% 5.61% 3.44% 5.29% 6.38% 6.09% 7.06% 8.30% 7.48% 5.13%
Enterprise Value to Invested Capital (EV/IC)
0.97 1.08 1.15 1.29 1.42 1.35 1.24 1.23 1.00 1.04 0.94
Enterprise Value to Revenue (EV/Rev)
0.12 0.16 0.14 0.13 0.14 0.18 0.16 0.18 0.16 0.21 0.16
Enterprise Value to EBITDA (EV/EBITDA)
5.51 8.52 8.00 7.32 6.25 5.89 5.48 5.36 5.15 6.53 5.65
Enterprise Value to EBIT (EV/EBIT)
8.46 14.75 14.27 13.08 9.86 8.45 8.41 7.95 7.99 10.28 9.43
Enterprise Value to NOPAT (EV/NOPAT)
12.28 24.82 27.09 26.74 16.46 12.67 12.21 11.18 11.47 14.48 15.20
Enterprise Value to Operating Cash Flow (EV/OCF)
7.41 2.60 1.93 1.86 2.26 2.32 2.42 6.47 5.60 10.62 8.76
Enterprise Value to Free Cash Flow (EV/FCFF)
12.17 2.86 2.11 2.15 2.63 2.71 3.05 11.94 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.61 0.90 0.49 0.42 0.42 0.40 0.38 0.38 0.51 0.55 0.46
Long-Term Debt to Equity
0.34 0.36 0.40 0.39 0.37 0.38 0.36 0.36 0.38 0.37 0.36
Financial Leverage
0.60 1.18 0.80 0.46 0.25 0.51 0.22 0.11 0.08 0.31 0.14
Leverage Ratio
3.35 3.47 2.91 2.78 2.87 2.61 2.32 2.35 2.56 2.30 2.15
Compound Leverage Factor
2.31 4.66 2.57 2.29 2.64 1.78 2.08 2.07 2.22 0.45 1.47
Debt to Total Capital
37.97% 47.35% 32.95% 29.67% 29.47% 28.70% 27.65% 27.75% 33.64% 35.39% 31.69%
Short-Term Debt to Total Capital
16.60% 28.30% 6.07% 2.02% 3.29% 1.82% 1.51% 2.01% 8.41% 11.56% 7.15%
Long-Term Debt to Total Capital
21.37% 19.04% 26.87% 27.65% 26.18% 26.87% 26.14% 25.74% 25.23% 23.83% 24.54%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
10.03% 6.92% 9.67% 10.11% 10.86% 9.45% 9.98% 9.20% 9.69% 9.67% 10.44%
Common Equity to Total Capital
52.00% 45.74% 57.38% 60.22% 59.67% 61.85% 62.37% 63.05% 56.67% 54.94% 57.87%
Debt to EBITDA
2.27 3.85 2.40 2.12 1.86 1.45 1.64 1.55 2.25 2.43 2.23
Net Debt to EBITDA
1.97 3.63 2.07 0.67 -0.03 0.76 0.14 0.35 0.69 1.82 1.18
Long-Term Debt to EBITDA
1.28 1.55 1.96 1.97 1.65 1.36 1.55 1.44 1.69 1.64 1.73
Debt to NOPAT
5.05 11.22 8.14 7.73 4.89 3.12 3.65 3.23 5.01 5.39 6.00
Net Debt to NOPAT
4.39 10.57 7.03 2.44 -0.08 1.63 0.32 0.72 1.54 4.04 3.18
Long-Term Debt to NOPAT
2.84 4.51 6.64 7.20 4.34 2.93 3.45 2.99 3.76 3.63 4.65
Altman Z-Score
4.50 5.00 5.96 5.74 5.09 5.62 5.19 4.76 3.78 4.06 4.56
Noncontrolling Interest Sharing Ratio
17.04% 15.21% 16.02% 15.34% 15.77% 13.20% 14.10% 13.53% 14.99% 14.15% 14.56%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.37 1.44 1.82 1.80 1.72 2.04 2.07 1.98 1.65 1.76 2.01
Quick Ratio
0.54 0.57 0.81 0.88 0.86 0.91 1.17 1.03 0.77 0.72 1.05
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
24 790 1,112 931 756 709 532 35 -290 -451 -420
Operating Cash Flow to CapEx
1,222.32% -1,309.52% 1,092.34% 1,448.94% 600.75% -894.97% 1,063.93% -5.58% 480.39% -751.96% 613.01%
Free Cash Flow to Firm to Interest Expense
1.73 47.50 79.73 113.74 93.35 108.66 80.44 4.23 -28.22 -34.45 -36.50
Operating Cash Flow to Interest Expense
31.27 -20.06 38.77 59.68 30.94 -36.74 46.05 -0.25 26.18 -26.73 26.04
Operating Cash Flow Less CapEx to Interest Expense
28.71 -21.59 35.22 55.56 25.79 -40.85 41.72 -4.78 20.73 -30.28 21.79
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
3.78 3.73 4.04 4.05 3.49 3.69 3.60 3.25 2.82 3.17 3.42
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
9.39 9.43 12.34 12.21 9.66 10.10 13.93 11.39 8.61 9.34 14.86
Fixed Asset Turnover
22.37 23.75 23.55 22.42 20.26 19.87 18.21 16.33 14.42 14.46 14.62
Accounts Payable Turnover
12.69 21.88 22.76 17.71 11.30 18.44 18.72 13.34 10.05 16.29 18.38
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
38.89 38.69 29.59 29.89 37.77 36.12 26.20 32.04 42.39 39.07 24.56
Days Payable Outstanding (DPO)
28.77 16.69 16.04 20.61 32.31 19.79 19.50 27.36 36.33 22.41 19.86
Cash Conversion Cycle (CCC)
10.13 22.00 13.55 9.29 5.46 16.33 6.70 4.68 6.06 16.66 4.70
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,190 2,486 2,049 1,642 1,506 1,786 1,571 1,654 1,849 2,249 2,007
Invested Capital Turnover
7.91 5.94 6.55 7.74 7.98 6.36 6.83 6.88 6.71 5.55 6.45
Increase / (Decrease) in Invested Capital
-1.49 -829 -1,029 -906 -684 -701 -478 12 343 463 436
Enterprise Value (EV)
2,127 2,678 2,353 2,116 2,135 2,409 1,943 2,027 1,857 2,347 1,892
Market Capitalization
1,136 1,361 1,535 1,714 1,912 1,904 1,682 1,702 1,374 1,454 1,250
Book Value per Share
$35.78 $34.87 $36.49 $36.76 $38.01 $37.72 $38.49 $39.01 $40.10 $39.84 $39.91
Tangible Book Value per Share
$28.90 $28.18 $36.49 $36.76 $31.69 $37.72 $38.49 $39.01 $34.31 $39.84 $39.91
Total Capital
2,305 2,557 2,145 2,060 2,150 2,070 2,101 2,108 2,411 2,468 2,358
Total Debt
875 1,211 707 611 634 594 581 585 811 873 747
Total Long-Term Debt
493 487 576 570 563 556 549 543 608 588 578
Net Debt
760 1,140 610 193 -10 310 51 131 249 654 396
Capital Expenditures (CapEx)
36 25 50 34 42 27 29 38 56 47 49
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,212 1,591 1,178 743 597 884 666 742 760 1,161 913
Debt-free Net Working Capital (DFNWC)
1,327 1,662 1,274 1,161 1,241 1,168 1,196 1,196 1,322 1,380 1,264
Net Working Capital (NWC)
945 938 1,144 1,119 1,171 1,131 1,165 1,153 1,119 1,094 1,095
Net Nonoperating Expense (NNE)
7.74 20 1.20 -5.56 -5.78 -4.54 1.29 -4.60 -1.04 6.48 -0.68
Net Nonoperating Obligations (NNO)
760 1,140 610 193 -10 310 51 131 249 654 396
Total Depreciation and Amortization (D&A)
33 32 30 31 31 31 30 30 36 34 33
Debt-free, Cash-free Net Working Capital to Revenue
7.00% 9.24% 7.01% 4.58% 4.05% 6.51% 5.39% 6.54% 6.75% 10.36% 7.91%
Debt-free Net Working Capital to Revenue
7.66% 9.65% 7.59% 7.16% 8.42% 8.60% 9.68% 10.54% 11.74% 12.32% 10.95%
Net Working Capital to Revenue
5.45% 5.45% 6.81% 6.90% 7.94% 8.32% 9.42% 10.16% 9.94% 9.77% 9.49%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.29 ($0.44) $1.63 $0.29 $1.52 $0.16 $1.06 $0.80 $1.33 $0.01 $0.23
Adjusted Weighted Average Basic Shares Outstanding
33.73M 33.62M 33.74M 33.75M 33.72M 33.93M 34.06M 34.07M 34.03M 34.10M 34.20M
Adjusted Diluted Earnings per Share
$0.27 ($0.44) $1.61 $0.28 $1.49 $0.16 $1.05 $0.80 $1.31 $0.01 $0.23
Adjusted Weighted Average Diluted Shares Outstanding
34.42M 33.62M 34.17M 34.27M 34.38M 34.24M 34.34M 34.36M 34.32M 34.32M 34.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
33.54M 33.73M 33.75M 33.75M 33.83M 34.05M 34.07M 34.07M 34.03M 34.19M 34.21M
Normalized Net Operating Profit after Tax (NOPAT)
29 22 84 25 73 8.13 54 47 53 4.98 16
Normalized NOPAT Margin
0.62% 0.56% 2.09% 0.69% 2.26% 0.30% 1.92% 1.79% 1.70% 0.19% 0.51%
Pre Tax Income Margin
0.67% -1.67% 2.60% 1.06% 2.86% 0.51% 2.05% 2.37% 2.15% 0.12% 0.79%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
3.21 -2.91 8.48 5.69 12.33 3.14 9.67 8.44 7.55 1.25 3.16
NOPAT to Interest Expense
1.62 -2.37 6.01 3.05 8.97 1.25 8.13 5.60 5.17 0.90 1.40
EBIT Less CapEx to Interest Expense
0.65 -4.44 4.93 1.57 7.18 -0.96 5.35 3.91 2.10 -2.31 -1.09
NOPAT Less CapEx to Interest Expense
-0.94 -3.91 2.46 -1.07 3.82 -2.86 3.80 1.08 -0.28 -2.65 -2.85
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
41.63% 68.35% 101.48% 114.76% 54.17% 52.35% 54.75% 59.22% 75.32% 51.32% 65.06%
Augmented Payout Ratio
49.25% 68.35% 101.48% 114.76% 55.49% 52.35% 54.75% 59.22% 76.66% 51.32% 65.06%

Key Financial Trends

Andersons, Inc. (NASDAQ: ANDE) has shown a dynamic financial performance over the last few years, reflected in its income statements, balance sheets, and cash flow statements. Here's a breakdown of the key trends and insights based on the latest quarterly data and the preceding years.

  • Revenue Growth: Operating revenue remained robust, reaching approximately $3.14 billion in Q2 2025, showing consistent sales strength amid a fluctuating economic backdrop.
  • Positive Net Income: Consolidated net income for Q2 2025 was $16.8 million, a significant increase compared to $5.3 million in Q1 2025, indicating improving profitability.
  • Operating Cash Flow Recovery: Net cash from continuing operating activities rose dramatically from a negative $350 million in Q1 2025 to a positive $299 million in Q2 2025, reflecting better operational efficiency and working capital management.
  • Reduced Interest Expense: Interest expense decreased slightly from earlier quarters, which may improve net profitability going forward.
  • Stable Gross Profit Margins: Despite fluctuations in revenue and costs, gross profit has remained steady, with Q2 2025 gross profit around $158 million, comparable to prior quarters.
  • Increasing Asset Base: Total assets declined from $4.1 billion in Q1 2023 to $3.45 billion by Q2 2025, reflecting some asset optimization or divestiture activity, but the company maintains a strong asset position.
  • Equity and Noncontrolling Interests: Total equity including noncontrolling interests stayed around $1.36 billion in Q2 2025, showing steady shareholder value despite market fluctuations.
  • Inventory Levels Variable: Inventory levels have experienced ups and downs, with Q2 2025 inventory at about $772 million, significantly lower than the peak in earlier periods, which may suggest inventory management adjustments.
  • Debt Reduction and Cash Use: The company repaid significant debt ($129 million) in Q2 2025, which, while reducing financial risk, also put pressure on cash reserves.
  • Declining Operating Income Compared to Past Peak: Operating income in Q2 2025 was $23.8 million, which is lower compared to higher operating income values seen in 2023 (above $80 million), indicating some margin compression or operational challenges.

Summary: Andersons, Inc. has shown a meaningful recovery in profitability and operating cash flow after a challenging start to 2025. The company maintains a solid asset and equity base, with active management of debt and capital expenditures. Margins and net income show positive momentum, albeit at levels below historic peaks in 2023. Investors should monitor future earnings trends and working capital efficiency as the company continues to navigate marketplace uncertainties.

08/24/25 09:08 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Andersons' Financials

When does Andersons' fiscal year end?

According to the most recent income statement we have on file, Andersons' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Andersons' net income changed over the last 10 years?

Andersons' net income appears to be on an upward trend, with a most recent value of $170.70 million in 2024, rising from $122.65 million in 2014. The previous period was $132.53 million in 2023. View Andersons' forecast to see where analysts expect Andersons to go next.

What is Andersons' operating income?
Andersons' total operating income in 2024 was $190.31 million, based on the following breakdown:
  • Total Gross Profit: $693.93 million
  • Total Operating Expenses: $503.62 million
How has Andersons' revenue changed over the last 10 years?

Over the last 10 years, Andersons' total revenue changed from $4.54 billion in 2014 to $11.26 billion in 2024, a change of 148.0%.

How much debt does Andersons have?

Andersons' total liabilities were at $2.52 billion at the end of 2024, a 7.8% increase from 2023, and a 63.7% increase since 2014.

How much cash does Andersons have?

In the past 10 years, Andersons' cash and equivalents has ranged from $22.59 million in 2018 to $643.85 million in 2023, and is currently $561.77 million as of their latest financial filing in 2024.

How has Andersons' book value per share changed over the last 10 years?

Over the last 10 years, Andersons' book value per share changed from 27.79 in 2014 to 40.10 in 2024, a change of 44.3%.



This page (NASDAQ:ANDE) was last updated on 8/24/2025 by MarketBeat.com Staff
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