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The Andersons, Inc. operates as an agriculture and renewable fuels company in the United States, Canada, Mexico, and internationally. It operates through Agribusiness and Renewables segments. The Agribusiness segment sells commodities, such as corn, wheat, and soybeans. It also manufactures, distributes, and retails agricultural and related plant nutrients; and agricultural fertilizers. This segment also engages in the merchandising business, as well as offers logistics for physical commodities, such as whole grains, grain products, feed ingredients, domestic fuel products, and other agricultural commodities. The Renewables segment produces, purchases, sells, merchandises, and trades in ethanol, and co-products, as well as merchandises and trades in other biofuels, such as renewable feedstocks. The Andersons, Inc. was founded in 1947 and is based in Maumee, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $11.0B | $322M | $96M | $-56M | 7.7% | -2.2% | -16.1% |
| 2024 | $11.3B | $360M | $114M | $182M | 8.3% | -23.7% | 12.7% |
| 2023 | $14.8B | $342M | $101M | $796M | 7.9% | -14.9% | -22.8% |
| 2022 | $17.3B | $386M | $131M | $147M | 10.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 17,325.38 | 14,750.11 | 11,257.55 | 11,008.93 |
| Operating Revenue | - | 17,325.38 | 14,750.11 | 11,257.55 | 11,008.93 |
| Cost Of Revenue | - | 16,641.22 | 14,004.75 | 10,563.62 | 10,295.28 |
| Gross Profit | - | 684.16 | 745.36 | 693.93 | 713.65 |
| Operating Expense | - | 457.56 | 492.26 | 503.62 | 585.23 |
| Selling General And Administration | 423.13 | 457.56 | 492.26 | 503.62 | - |
| Total Expenses | - | 17,098.78 | 14,497.01 | 11,067.24 | 10,880.51 |
| Operating Income | - | 226.61 | 253.10 | 190.31 | 128.42 |
| EBITDA | - | 386.17 | 341.54 | 360.32 | 321.95 |
| Normalized EBITDA | - | 365.21 | 408.15 | 347.42 | 313.08 |
| EBIT | - | 251.43 | 216.43 | 232.52 | 188.63 |
| Interest Income | - | 3 | 13.01 | 21.09 | 7.20 |
| Interest Expense | - | 56.85 | 46.87 | 31.76 | 47.16 |
| Net Interest Income | - | -53.85 | -33.86 | -10.67 | -39.96 |
| Other Non Operating Income Expenses | - | 0.86 | 16.93 | 8.22 | 44.14 |
| Other Income Expense | - | 21.82 | -49.68 | 21.12 | 53.01 |
| Interest Income Non Operating | - | 3 | 13.01 | 21.09 | 7.20 |
| Interest Expense Non Operating | - | 56.85 | 46.87 | 31.76 | 47.16 |
| Net Non Operating Interest Income Expense | - | -53.85 | -33.86 | -10.67 | -39.96 |
| Pretax Income | - | 194.58 | 169.56 | 200.76 | 141.47 |
| Tax Provision | - | 39.63 | 37.03 | 30.06 | 22.17 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 4.28 | -14.52 | 1.93 | 1.39 |
| Net Income Continuous Operations | - | 154.95 | 132.53 | 170.70 | 119.30 |
| Net Income From Continuing And Discontinued Operation | - | 131.08 | 101.19 | 114.01 | 95.71 |
| Net Income From Continuing Operation Net Minority Interest | - | 119.06 | 101.19 | 114.01 | 95.71 |
| Net Income | - | 131.08 | 101.19 | 114.01 | 95.71 |
| Net Income Common Stockholders | - | 131.08 | 101.19 | 114.01 | 95.71 |
| Net Income Including Noncontrolling Interests | - | 166.98 | 132.53 | 170.70 | 119.30 |
| Normalized Income | - | 102.37 | 153.28 | 103.05 | 88.23 |
| Diluted NI Availto Com Stockholders | - | 131.08 | 101.19 | 114.01 | 95.71 |
| Basic Average Shares | - | 33.70 | 33.73 | 34.03 | 34.06 |
| Diluted Average Shares | - | 34.40 | 34.42 | 34.34 | 34.31 |
| Reconciled Depreciation | - | 134.74 | 125.11 | 127.80 | 133.32 |
| Reconciled Cost Of Revenue | - | 16,641.22 | 14,004.75 | 10,563.62 | 10,295.28 |
| Total Unusual Items | - | 20.96 | -66.61 | 12.90 | 8.87 |
| Total Unusual Items Excluding Goodwill | - | 20.96 | -66.61 | 12.90 | 8.87 |
| Minority Interests | - | -35.90 | -31.34 | -56.69 | -23.59 |
| Net Income Discontinuous Operations | 4.32 | 12.02 | 0 | 0 | - |
| Special Income Charges | - | 20.96 | -66.61 | 12.90 | 8.87 |
| Gain On Sale Of Business | - | 0 | 6.54 | 3.12 | 0 |
| Other Special Charges | - | -28.28 | -14 | -9.78 | -27 |
| Write Off | - | 9 | 87.16 | 0 | 18.13 |
| General And Administrative Expense | 423.13 | 457.56 | 492.26 | 503.62 | - |
| Other Gand A | 423.13 | 457.56 | 492.26 | 503.62 | - |
| Gain On Sale Of Ppe | 14.66 | 1.68 | 5.78 | 0 | - |
| Other Operating Expenses | - | 457.56 | 492.26 | 503.62 | 585.23 |
| Earnings From Equity Interest | 4.84 | -5.67 | -1.18 | - | - |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Andersons, Inc.this co. | ANDE | $2.5B | 25.96↑ premium | 2.00 | 7.7% | 10.35 |
| United Natural Foods, Inc. | UNFI | $3.2B | -27.35 | 2.08 | -7.6% | 21.68 |
| The Chefs' Warehouse, Inc. | CHEF | $3.2B | 43.70 | 5.23 | 12.0% | 17.99 |
| Tootsie Roll Industries, Inc. | TR | $2.9B | 28.60 | 3.04 | 10.6% | 17.22 |
| Interparfums, Inc. | IPAR | $2.8B |
| - |
| - |
| - |
| - |
| - |
| 16.90 |
| 3.23 |
| 19.1% |
| 9.53 |
| Central Garden & Pet Company | CENT | $2.5B | 15.21 | 1.56 | 10.3% | 8.44 |
| Freshpet, Inc. | FRPT | $2.4B | 17.38 | 2.00 | 11.5% | 15.10 |
| Central Garden & Pet Company | CENTA | $2.2B | 13.38 | 1.38 | 10.3% | 7.62 |
| Perdoceo Education Corporation | PRDO | $2.1B | 13.39 | 2.20 | 16.4% | 8.11 |
| Peer Median | - | 16.06 | 2.14 | 11.1% | 12.31 | |