Andersons (ANDE) Financials

$34.73 -0.05 (-0.14%)

As of 10:37 AM Eastern

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	0.28	45	27	36	5.58	51	9.71	55	-15	9.02	37
Consolidated Net Income / (Loss)	5.33	54	51	52	13	78	31	83	-59	15	44
Net Income / (Loss) Continuing Operations	5.33	54	51	52	13	78	31	83	-59	21	25
Total Pre-Tax Income	3.21	67	62	57	14	92	38	104	-65	31	35
Total Operating Income	7.12	66	57	59	8.96	85	31	106	-56	34	48
Total Gross Profit	153	213	177	175	128	218	158	222	148	170	164
Total Revenue	2,659	3,123	2,621	2,795	2,718	3,213	3,636	4,020	3,881	4,677	4,219
Operating Revenue	2,659	3,123	2,621	2,795	2,718	3,213	3,636	4,020	3,881	4,677	4,219
Total Cost of Revenue	2,506	2,910	2,444	2,620	2,590	2,995	3,478	3,798	3,733	4,507	4,056
Operating Cost of Revenue	2,506	2,910	2,444	2,620	2,590	2,995	3,478	3,798	3,733	4,507	4,056
Total Operating Expenses	146	147	120	117	119	133	126	116	204	136	116
Selling, General & Admin Expense	146	147	120	117	119	133	126	116	117	127	116
Total Other Income / (Expense), net	-3.91	1.30	5.56	-1.41	5.01	6.76	6.99	-1.51	-8.62	-2.45	-14
Interest Expense	13	10	8.36	6.61	6.52	8.10	8.19	14	17	14	15
Other Income / (Expense), net	9.19	12	14	5.20	12	15	15	12	8.00	12	1.48
Income Tax Expense	-2.12	13	11	4.88	1.30	13	7.86	22	-5.88	9.93	9.84
Net Income / (Loss) Attributable to Noncontrolling Interest	5.05	9.01	24	16	7.08	27	21	28	-44	6.07	7.52
Basic Earnings per Share	$0.01	$1.33	$0.80	$1.06	$0.16	$1.52	$0.29	$1.63	($0.44)	$0.29	$1.08
Weighted Average Basic Shares Outstanding	34.10M	34.03M	34.07M	34.06M	33.93M	33.72M	33.75M	33.74M	33.62M	33.73M	33.83M
Diluted Earnings per Share	$0.01	$1.31	$0.80	$1.05	$0.16	$1.49	$0.28	$1.61	($0.44)	$0.27	$1.06
Weighted Average Diluted Shares Outstanding	34.32M	34.32M	34.36M	34.34M	34.24M	34.38M	34.27M	34.17M	33.62M	34.42M	34.41M
Weighted Average Basic & Diluted Shares Outstanding	34.19M	34.03M	34.07M	34.07M	34.05M	33.83M	33.75M	33.75M	33.73M	33.54M	33.50M
Cash Dividends to Common per Share	$0.20	-	$0.19	$0.19	$0.19	-	$0.19	$0.19	$0.19	-	$0.18

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-343	108	-76	246	-360	226	322	25	-44	-8.11	37
Net Cash From Operating Activities	-350	269	-2.11	304	-240	251	489	541	-334	440	568
Net Cash From Continuing Operating Activities	-350	272	-2.11	304	-240	251	489	541	-334	447	549
Net Income / (Loss) Continuing Operations	5.33	54	51	52	13	78	31	83	-59	21	25
Consolidated Net Income / (Loss)	5.33	54	51	52	13	78	31	83	-59	15	44
Depreciation Expense	34	36	30	30	31	31	31	30	32	33	33
Non-Cash Adjustments To Reconcile Net Income	17	13	4.33	6.03	4.80	6.69	0.40	3.18	85	62	-41
Changes in Operating Assets and Liabilities, net	-407	169	-88	216	-288	134	427	425	-392	330	532
Net Cash From Investing Activities	-44	-72	-32	-36	-22	-37	-46	-52	-20	-56	33
Net Cash From Continuing Investing Activities	-44	-72	-32	-36	-22	-37	-46	-52	-20	-56	33
Purchase of Property, Plant & Equipment	-47	-56	-38	-29	-27	-42	-34	-50	-25	-36	-29
Other Investing Activities, net	2.72	3.09	5.39	2.09	4.72	5.42	2.20	-2.35	5.66	5.27	-1.93
Net Cash From Financing Activities	50	-88	-43	-22	-98	12	-121	-464	309	-410	-547
Net Cash From Continuing Financing Activities	50	-88	-43	-22	-98	12	-121	-464	309	-410	-547
Repayment of Debt	46	-66	31	-45	-6.87	22	-95	-180	-32	-19	-870
Payment of Dividends	-6.69	-22	-46	-8.97	-51	-8.72	-26	-21	-16	-16	-31
Issuance of Debt	15	2.10	-27	32	-32	-	-	-264	364	-361	361
Other Financing Activities, net	-3.84	-0.00	-0.03	-	-8.07	-0.00	-0.01	-	-6.62	-5.06	-
Effect of Exchange Rate Changes	0.85	-0.86	0.91	-	-	-0.10	-0.47	-	-	-	-

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	4,121	3,855	4,608	4,569	4,272	3,901	2,392	2,162	2,233	2,359	2,365
Total Current Assets	2,850	2,807	3,466	3,372	2,416	1,945	1,023	999	1,058	1,130	1,254
Cash & Equivalents	562	644	115	216	29	55	23	35	63	64	115
Note & Lease Receivable	765	763	1,249	835	641	536	207	183	195	171	183
Inventories, net	1,287	1,167	1,732	1,815	1,293	1,171	691	649	683	747	796
Other Current Assets	237	234	370	485	420	108	51	94	118	140	153
Plant, Property, & Equipment, net	868	693	763	786	860	1,523	998	808	777	793	709
Total Noncurrent Assets	403	355	379	411	995	433	370	355	397	436	401
Goodwill	128	128	129	129	132	135	6.02	6.02	64	64	72
Intangible Assets	69	86	101	117	140	175	99	113	106	120	67
Other Noncurrent Operating Assets	206	141	149	121	80	122	23	13	11	9.93	35
Total Liabilities & Shareholders' Equity	4,121	3,855	4,608	4,569	4,272	3,901	2,392	2,162	2,233	2,359	2,365
Total Liabilities	2,521	2,339	3,178	3,262	3,111	2,705	1,515	1,339	1,442	1,575	1,541
Total Current Liabilities	1,731	1,636	2,521	2,464	1,932	1,440	833	739	800	888	1,028
Short-Term Debt	203	71	383	534	473	210	227	76	77	45	79
Accounts Payable	1,047	1,055	1,424	1,199	955	873	463	504	582	669	707
Accrued Expenses	227	232	246	230	153	176	79	70	70	70	79
Current Deferred Revenue	194	187	371	358	178	134	33	60	49	67	100
Other Current Liabilities	60	91	99	129	147	47	33	30	23	37	64
Total Noncurrent Liabilities	790	702	657	798	1,180	1,265	682	601	642	687	513
Long-Term Debt	608	563	493	600	886	1,016	496	418	397	436	299
Noncurrent Deferred & Payable Income Tax Liabilities	55	59	64	71	170	146	130	122	182	186	136
Other Noncurrent Operating Liabilities	127	81	100	110	75	103	33	34	28	19	19
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	1,600	1,516	1,430	1,308	1,161	1,196	877	823	791	784	824
Total Preferred & Common Equity	1,366	1,283	1,199	1,072	962	974	830	815	774	764	803
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	1,366	1,283	1,199	1,072	962	974	830	815	774	764	803
Common Stock	386	387	385	369	349	345	224	225	223	223	223
Retained Earnings	971	883	808	703	626	643	648	633	609	615	645
Treasury Stock	-2.86	-10	-15	-0.26	-0.97	-7.34	-35	-40	-45	-53	-9.74
Accumulated Other Comprehensive Income / (Loss)	13	23	20	1.19	-12	-7.23	-6.39	-2.70	-12	-21	-55
Noncontrolling Interest	234	233	231	235	199	222	46	7.70	16	19	21

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,798	3,388	3,300	3,261	3,588	3,570	4,102	4,419
Total Current Assets	2,529	2,331	2,249	2,214	2,527	2,537	3,050	3,265
Cash & Equivalents	219	454	530	284	418	96	71	141
Note & Lease Receivable	812	757	744	702	817	1,030	1,125	991
Inventories, net	1,249	884	687	995	985	991	1,551	1,556
Other Current Assets	248	236	289	234	307	420	303	577
Plant, Property, & Equipment, net	860	710	694	689	680	663	679	766
Total Noncurrent Assets	409	347	356	358	381	369	373	387
Other Noncurrent Operating Assets	409	347	356	150	381	369	148	159
Total Liabilities & Shareholders' Equity	3,798	3,388	3,300	3,261	3,588	3,570	4,102	4,419
Total Liabilities	2,203	1,865	1,780	1,785	2,139	2,132	2,756	2,992
Total Current Liabilities	1,434	1,178	1,085	1,083	1,408	1,393	2,112	2,321
Short-Term Debt	285	42	32	38	42	130	724	765
Accounts Payable	661	774	607	626	822	641	769	930
Accrued Expenses	194	208	193	178	189	181	202	230
Current Deferred Revenue	224	68	124	175	212	190	310	259
Other Current Liabilities	70	86	129	67	143	251	108	137
Total Noncurrent Liabilities	769	687	695	702	731	738	643	672
Long-Term Debt	588	543	549	556	570	576	487	498
Other Noncurrent Operating Liabilities	181	145	145	87	162	162	102	115
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,594	1,523	1,520	1,476	1,449	1,438	1,346	1,427
Total Preferred & Common Equity	1,356	1,329	1,311	1,280	1,241	1,231	1,170	1,194
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,356	1,329	1,311	1,280	1,241	1,231	1,170	1,194
Common Stock	383	382	379	375	384	381	378	382
Retained Earnings	964	932	911	882	839	835	786	806
Treasury Stock	0.00	-0.57	-0.63	-0.63	-10	-10	-11	-9.99
Accumulated Other Comprehensive Income / (Loss)	8.86	15	21	23	29	25	16	16
Noncontrolling Interest	239	194	210	196	208	207	177	233

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.17%	-2.80%	-27.91%	-30.47%	-29.97%	-31.31%	-13.83%	-9.67%	-2.43%	23.65%	40.70%
EBITDA Growth	-1.54%	-13.32%	29.79%	-36.65%	418.39%	66.74%	-6.30%	-11.80%	-128.93%	-36.70%	14.75%
EBIT Growth	-20.41%	-22.38%	51.49%	-45.97%	142.36%	120.98%	-6.29%	-12.37%	-325.36%	-48.34%	95.94%
NOPAT Growth	45.34%	-26.97%	87.70%	-35.91%	120.59%	218.17%	-27.76%	-18.17%	-466.78%	-64.25%	296.91%
Net Income Growth	-57.91%	-31.02%	68.60%	-36.54%	121.42%	419.59%	-31.06%	-18.67%	-1,093.56%	-75.79%	213.19%
EPS Growth	-93.75%	-12.08%	185.71%	-34.78%	136.36%	451.85%	-73.58%	-30.60%	-375.00%	-68.60%	130.43%
Operating Cash Flow Growth	-46.07%	7.24%	-100.43%	-43.72%	28.16%	-43.09%	-14.03%	53.15%	68.97%	358.93%	55.92%
Free Cash Flow Firm Growth	-163.66%	-138.31%	-96.20%	-52.20%	-10.26%	3,008.56%	254.40%	256.08%	186.15%	110.18%	-78.98%
Invested Capital Growth	25.93%	22.76%	0.70%	-23.33%	-28.18%	-31.22%	-35.56%	-33.42%	-25.01%	-0.07%	33.37%
Revenue Q/Q Growth	-14.86%	19.16%	-6.23%	2.83%	-15.40%	-11.63%	-9.56%	3.58%	-17.02%	10.86%	-5.20%
EBITDA Q/Q Growth	-55.45%	12.61%	7.15%	83.18%	-60.78%	68.62%	-47.70%	1,020.62%	-120.54%	-5.25%	-50.77%
EBIT Q/Q Growth	-78.96%	9.87%	10.31%	212.14%	-79.48%	114.42%	-60.66%	344.69%	-207.05%	-9.08%	-63.20%
NOPAT Q/Q Growth	-77.74%	13.24%	-12.84%	561.59%	-88.82%	191.05%	-70.24%	312.55%	-272.82%	-33.92%	-66.29%
Net Income Q/Q Growth	-90.15%	5.14%	-1.92%	314.29%	-83.85%	156.98%	-63.09%	239.87%	-491.61%	-65.90%	-56.45%
EPS Q/Q Growth	-99.24%	63.75%	-23.81%	556.25%	-89.26%	432.14%	-82.61%	465.91%	-262.96%	-74.53%	-54.31%
Operating Cash Flow Q/Q Growth	-230.21%	12,827.79%	-100.69%	227.04%	-195.60%	-48.71%	-9.66%	262.18%	-175.72%	-22.51%	60.94%
Free Cash Flow Firm Q/Q Growth	-55.71%	-919.80%	-93.35%	-24.96%	-6.29%	-18.79%	-16.29%	40.87%	3,145.95%	104.03%	15.37%
Invested Capital Q/Q Growth	21.62%	11.79%	5.28%	-12.03%	18.56%	-8.30%	-19.84%	-17.59%	13.54%	-14.08%	-17.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	5.75%	6.82%	6.76%	6.27%	4.72%	6.78%	4.34%	5.52%	3.81%	3.63%	3.88%
EBITDA Margin	1.90%	3.64%	3.85%	3.37%	1.89%	4.08%	2.14%	3.70%	-0.42%	1.68%	1.97%
Operating Margin	0.27%	2.11%	2.16%	2.10%	0.33%	2.65%	0.86%	2.64%	-1.45%	0.72%	1.14%
EBIT Margin	0.61%	2.48%	2.69%	2.29%	0.75%	3.11%	1.28%	2.94%	-1.25%	0.97%	1.18%
Profit (Net Income) Margin	0.20%	1.73%	1.96%	1.88%	0.47%	2.44%	0.84%	2.06%	-1.52%	0.32%	1.05%
Tax Burden Percent	165.92%	80.45%	82.75%	91.50%	90.67%	85.48%	79.52%	79.19%	90.95%	48.54%	127.52%
Interest Burden Percent	19.70%	86.76%	88.15%	89.66%	68.17%	91.89%	82.42%	88.21%	134.37%	68.83%	69.86%
Effective Tax Rate	-65.92%	19.55%	17.25%	8.50%	9.33%	14.52%	20.48%	20.81%	0.00%	31.94%	28.34%
Return on Invested Capital (ROIC)	2.47%	11.40%	12.31%	13.14%	1.90%	18.05%	5.31%	13.67%	-6.04%	3.86%	6.04%
ROIC Less NNEP Spread (ROIC-NNEP)	1.12%	12.27%	15.15%	12.75%	2.53%	19.59%	6.16%	13.57%	-7.29%	2.92%	7.12%
Return on Net Nonoperating Assets (RNNOA)	0.35%	0.94%	1.65%	2.85%	1.30%	4.99%	2.82%	10.79%	-8.59%	1.75%	4.80%
Return on Equity (ROE)	2.82%	12.34%	13.96%	15.98%	3.20%	23.04%	8.13%	24.46%	-14.63%	5.61%	10.84%
Cash Return on Invested Capital (CROIC)	-14.92%	-10.79%	10.30%	35.20%	41.70%	44.01%	47.02%	43.52%	32.30%	7.98%	-18.97%
Operating Return on Assets (OROA)	1.95%	7.01%	8.76%	8.23%	2.78%	10.83%	5.19%	11.91%	-4.65%	3.65%	4.76%
Return on Assets (ROA)	0.64%	4.89%	6.39%	6.76%	1.72%	8.51%	3.40%	8.32%	-5.68%	1.22%	4.24%
Return on Common Equity (ROCE)	2.42%	10.49%	12.07%	13.73%	2.78%	19.40%	6.88%	20.54%	-12.41%	4.66%	9.07%
Return on Equity Simple (ROE_SIMPLE)	12.05%	0.00%	14.67%	13.28%	15.96%	0.00%	5.58%	6.74%	8.71%	0.00%	17.94%
Net Operating Profit after Tax (NOPAT)	12	53	47	54	8.13	73	25	84	-39	23	35
NOPAT Margin	0.44%	1.70%	1.79%	1.92%	0.30%	2.26%	0.69%	2.09%	-1.02%	0.49%	0.82%
Net Nonoperating Expense Percent (NNEP)	1.34%	-0.87%	-2.84%	0.39%	-0.63%	-1.54%	-0.85%	0.11%	1.25%	0.94%	-1.08%
Return On Investment Capital (ROIC_SIMPLE)	0.48%	2.20%	-	-	-	3.38%	-	-	-	0.99%	-
Cost of Revenue to Revenue	94.25%	93.18%	93.24%	93.73%	95.28%	93.22%	95.66%	94.48%	96.19%	96.37%	96.12%
SG&A Expenses to Revenue	5.48%	4.71%	4.60%	4.17%	4.39%	4.13%	3.47%	2.89%	3.02%	2.73%	2.74%
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	5.48%	4.71%	4.60%	4.17%	4.39%	4.13%	3.47%	2.89%	5.27%	2.92%	2.74%
Earnings before Interest and Taxes (EBIT)	16	78	71	64	20	100	47	118	-48	45	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	114	101	94	51	131	78	149	-16	79	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.01	1.28	1.28	1.51	1.49	1.38	1.25	1.16	0.95	0.86
Price to Tangible Book Value (P/TBV)	1.07	1.18	1.28	1.28	1.80	1.79	1.38	1.25	1.44	1.17	1.06
Price to Revenue (P/Rev)	0.13	0.12	0.15	0.14	0.14	0.13	0.11	0.09	0.08	0.07	0.06
Price to Earnings (P/E)	13.38	12.05	14.17	16.42	15.87	18.89	29.04	17.84	12.28	8.67	6.74
Dividend Yield	1.79%	1.88%	1.51%	1.52%	1.31%	1.32%	1.46%	1.62%	1.80%	2.14%	2.39%
Earnings Yield	7.48%	8.30%	7.06%	6.09%	6.30%	5.29%	3.44%	5.61%	8.14%	11.54%	14.84%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.00	1.23	1.24	1.36	1.42	1.29	1.15	1.08	0.97	0.93
Enterprise Value to Revenue (EV/Rev)	0.21	0.16	0.18	0.16	0.18	0.14	0.13	0.14	0.16	0.12	0.14
Enterprise Value to EBITDA (EV/EBITDA)	6.53	5.15	5.36	5.48	5.95	6.25	7.32	8.00	8.52	5.51	5.50
Enterprise Value to EBIT (EV/EBIT)	10.28	7.99	7.95	8.41	8.53	9.86	13.08	14.27	14.75	8.46	8.09
Enterprise Value to NOPAT (EV/NOPAT)	14.48	11.47	11.18	12.21	12.80	16.46	26.74	27.09	24.82	12.28	11.07
Enterprise Value to Operating Cash Flow (EV/OCF)	10.62	5.60	6.47	2.42	2.34	2.26	1.86	1.93	2.60	7.41	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	11.94	3.05	2.73	2.63	2.15	2.11	2.86	12.17	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.51	0.38	0.38	0.40	0.42	0.42	0.49	0.90	0.61	0.89
Long-Term Debt to Equity	0.37	0.38	0.36	0.36	0.38	0.37	0.39	0.40	0.36	0.34	0.35
Financial Leverage	0.31	0.08	0.11	0.22	0.51	0.25	0.46	0.80	1.18	0.60	0.68
Leverage Ratio	2.30	2.56	2.35	2.32	2.61	2.87	2.78	2.91	3.47	3.35	3.05
Compound Leverage Factor	0.45	2.22	2.07	2.08	1.78	2.64	2.29	2.57	4.66	2.31	2.13
Debt to Total Capital	35.39%	33.64%	27.75%	27.65%	28.70%	29.47%	29.67%	32.95%	47.35%	37.97%	46.96%
Short-Term Debt to Total Capital	11.56%	8.41%	2.01%	1.51%	1.82%	3.29%	2.02%	6.07%	28.30%	16.60%	28.44%
Long-Term Debt to Total Capital	23.83%	25.23%	25.74%	26.14%	26.87%	26.18%	27.65%	26.87%	19.04%	21.37%	18.52%
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	9.67%	9.69%	9.20%	9.98%	9.45%	10.86%	10.11%	9.67%	6.92%	10.03%	8.65%
Common Equity to Total Capital	54.94%	56.67%	63.05%	62.37%	61.85%	59.67%	60.22%	57.38%	45.74%	52.00%	44.39%
Debt to EBITDA	2.43	2.25	1.55	1.64	1.45	1.86	2.12	2.40	3.85	2.27	2.93
Net Debt to EBITDA	1.82	0.69	0.35	0.14	0.76	-0.03	0.67	2.07	3.63	1.97	2.60
Long-Term Debt to EBITDA	1.64	1.69	1.44	1.55	1.36	1.65	1.97	1.96	1.55	1.28	1.15
Debt to NOPAT	5.39	5.01	3.23	3.65	3.12	4.89	7.73	8.14	11.22	5.05	5.88
Net Debt to NOPAT	4.04	1.54	0.72	0.32	1.63	-0.08	2.44	7.03	10.57	4.39	5.22
Long-Term Debt to NOPAT	3.63	3.76	2.99	3.45	2.93	4.34	7.20	6.64	4.51	2.84	2.32
Altman Z-Score	4.06	3.78	4.76	5.19	5.63	5.09	5.74	5.96	5.00	4.50	4.47
Noncontrolling Interest Sharing Ratio	14.15%	14.99%	13.53%	14.10%	13.20%	15.77%	15.34%	16.02%	15.21%	17.04%	16.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.76	1.65	1.98	2.07	2.04	1.72	1.80	1.82	1.44	1.37	1.41
Quick Ratio	0.72	0.77	1.03	1.17	0.91	0.86	0.88	0.81	0.57	0.54	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-451	-290	35	532	709	756	931	1,112	790	24	-603
Operating Cash Flow to CapEx	-751.96%	480.39%	-5.58%	1,063.93%	-894.97%	600.75%	1,448.94%	1,092.34%	-1,309.52%	1,222.32%	1,984.95%
Free Cash Flow to Firm to Interest Expense	-34.45	-28.22	4.23	80.44	108.66	93.35	113.74	79.73	47.50	1.73	-40.26
Operating Cash Flow to Interest Expense	-26.73	26.18	-0.25	46.05	-36.74	30.94	59.68	38.77	-20.06	31.27	37.94
Operating Cash Flow Less CapEx to Interest Expense	-30.28	20.73	-4.78	41.72	-40.85	25.79	55.56	35.22	-21.59	28.71	36.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.17	2.82	3.25	3.60	3.69	3.49	4.05	4.04	3.73	3.78	4.04
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	9.34	8.61	11.39	13.93	10.10	9.66	12.21	12.34	9.43	9.39	12.22
Fixed Asset Turnover	14.46	14.42	16.33	18.21	19.87	20.26	22.42	23.55	23.75	22.37	21.02
Accounts Payable Turnover	16.29	10.05	13.34	18.72	18.44	11.30	17.71	22.76	21.88	12.69	17.91
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)	39.07	42.39	32.04	26.20	36.12	37.77	29.89	29.59	38.69	38.89	29.88
Days Payable Outstanding (DPO)	22.41	36.33	27.36	19.50	19.79	32.31	20.61	16.04	16.69	28.77	20.38
Cash Conversion Cycle (CCC)	16.66	6.06	4.68	6.70	16.33	5.46	9.29	13.55	22.00	10.13	9.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,249	1,849	1,654	1,571	1,786	1,506	1,642	2,049	2,486	2,190	2,549
Invested Capital Turnover	5.55	6.71	6.88	6.83	6.36	7.98	7.74	6.55	5.94	7.91	7.37
Increase / (Decrease) in Invested Capital	463	343	12	-478	-701	-684	-906	-1,029	-829	-1.49	638
Enterprise Value (EV)	2,347	1,857	2,027	1,943	2,435	2,135	2,116	2,353	2,678	2,127	2,377
Market Capitalization	1,454	1,374	1,702	1,682	1,929	1,912	1,714	1,535	1,361	1,136	1,022
Book Value per Share	$39.84	$40.10	$39.01	$38.49	$37.72	$38.01	$36.76	$36.49	$34.87	$35.78	$35.26
Tangible Book Value per Share	$39.84	$34.31	$39.01	$38.49	$31.58	$31.69	$36.76	$36.49	$28.18	$28.90	$28.51
Total Capital	2,468	2,411	2,108	2,101	2,070	2,150	2,060	2,145	2,557	2,305	2,690
Total Debt	873	811	585	581	594	634	611	707	1,211	875	1,263
Total Long-Term Debt	588	608	543	549	556	563	570	576	487	493	498
Net Debt	654	249	131	51	310	-10	193	610	1,140	760	1,122
Capital Expenditures (CapEx)	47	56	38	29	27	42	34	50	25	36	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,161	760	742	666	884	597	743	1,178	1,591	1,212	1,569
Debt-free Net Working Capital (DFNWC)	1,380	1,322	1,196	1,196	1,168	1,241	1,161	1,274	1,662	1,327	1,710
Net Working Capital (NWC)	1,094	1,119	1,153	1,165	1,131	1,171	1,119	1,144	938	945	945
Net Nonoperating Expense (NNE)	6.48	-1.04	-4.60	1.29	-4.54	-5.78	-5.56	1.20	20	7.74	-9.71
Net Nonoperating Obligations (NNO)	654	249	131	51	310	-10	193	610	1,140	760	1,122
Total Depreciation and Amortization (D&A)	34	36	30	30	31	31	31	30	32	33	33
Debt-free, Cash-free Net Working Capital to Revenue	10.36%	6.75%	6.54%	5.39%	6.51%	4.05%	4.58%	7.01%	9.24%	7.00%	9.55%
Debt-free Net Working Capital to Revenue	12.32%	11.74%	10.54%	9.68%	8.60%	8.42%	7.16%	7.59%	9.65%	7.66%	10.41%
Net Working Capital to Revenue	9.77%	9.94%	10.16%	9.42%	8.32%	7.94%	6.90%	6.81%	5.45%	5.45%	5.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$1.33	$0.80	$1.06	$0.16	$1.52	$0.29	$1.63	($0.44)	$0.29	$1.08
Adjusted Weighted Average Basic Shares Outstanding	34.10M	34.03M	34.07M	34.06M	33.93M	33.72M	33.75M	33.74M	33.62M	33.73M	33.83M
Adjusted Diluted Earnings per Share	$0.01	$1.31	$0.80	$1.05	$0.16	$1.49	$0.28	$1.61	($0.44)	$0.27	$1.06
Adjusted Weighted Average Diluted Shares Outstanding	34.32M	34.32M	34.36M	34.34M	34.24M	34.38M	34.27M	34.17M	33.62M	34.42M	34.41M
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	34.19M	34.03M	34.07M	34.07M	34.05M	33.83M	33.75M	33.75M	33.73M	33.54M	33.50M
Normalized Net Operating Profit after Tax (NOPAT)	4.98	53	47	54	8.13	73	25	84	22	29	35
Normalized NOPAT Margin	0.19%	1.70%	1.79%	1.92%	0.30%	2.26%	0.69%	2.09%	0.56%	0.62%	0.82%
Pre Tax Income Margin	0.12%	2.15%	2.37%	2.05%	0.51%	2.86%	1.06%	2.60%	-1.67%	0.67%	0.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.25	7.55	8.44	9.67	3.14	12.33	5.69	8.48	-2.91	3.21	3.32
NOPAT to Interest Expense	0.90	5.17	5.60	8.13	1.25	8.97	3.05	6.01	-2.37	1.62	2.31
EBIT Less CapEx to Interest Expense	-2.31	2.10	3.91	5.35	-0.96	7.18	1.57	4.93	-4.44	0.65	1.41
NOPAT Less CapEx to Interest Expense	-2.65	-0.28	1.08	3.80	-2.86	3.82	-1.07	2.46	-3.91	-0.94	0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	51.32%	75.32%	59.22%	54.75%	52.35%	54.17%	114.76%	101.48%	68.35%	41.63%	27.74%
Augmented Payout Ratio	51.32%	76.66%	59.22%	54.75%	52.35%	55.49%	114.76%	101.48%	68.35%	49.25%	30.90%

Frequently Asked Questions About Andersons' Financials

When does Andersons's 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. See Andersons' forecast for analyst expectations on what’s next for the company.

What is Andersons's operating income?

Andersons's 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%.

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This page (NASDAQ:ANDE) was last updated on 5/29/2025 by MarketBeat.com Staff

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Andersons (ANDE) Financials

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Andersons (ANDE) Financials

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