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 |
| 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 |
| Operating Income | - | 226.61 | 253.10 | 190.31 | 128.42 |
| EBITDA | - | 386.17 | 341.54 | 360.32 | 321.95 |
| EBIT | - | 251.43 | 216.43 | 232.52 | 188.63 |
| Pretax Income | - | 194.58 | 169.56 | 200.76 | 141.47 |
| Tax Provision | - | 39.63 | 37.03 | 30.06 | 22.17 |
| Net Income | - | 131.08 | 101.19 | 114.01 | 95.71 |
| Net Income Common Stockholders | - | 131.08 | 101.19 | 114.01 | 95.71 |
| Total Expenses | - | 17,098.78 | 14,497.01 | 11,067.24 | 10,880.51 |
| Interest Expense | - | 56.85 | 46.87 | 31.76 | 47.16 |
| Interest Income | - | 3 | 13.01 | 21.09 | 7.20 |
| Selling General And Administration | 423.13 | 457.56 | 492.26 | 503.62 | - |
| Normalized EBITDA | - | 365.21 | 408.15 | 347.42 | 313.08 |
| Normalized Income | - | 102.37 | 153.28 | 103.05 | 88.23 |
| Market Cap | 2,585.68 | 2,585.68 | 2,585.68 | 2,585.68 | 2,585.68 |
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 | $2.6B | 27.01β premium | 2.08 | 7.7% | 10.66 |
| Freshpet, Inc. | FRPT | $3.2B | 23.32 | 2.68 | 11.5% | 19.83 |
| National Beverage Corp. | FIZZ | $3.2B | 17.14 | 7.21 | 42.1% | 12.02 |
| Interparfums, Inc. | IPAR | $2.9B | 17.37 | 3.32 | 19.1% | 9.79 |
| The Vita Coco Company, Inc. | COCO | $2.9B |
| - |
| - |
| - |
| - |
| - |
| 40.33 |
| 8.68 |
| 21.5% |
| 32.23 |
| The Chefs' Warehouse, Inc. | CHEF | $2.5B | 36.89 | 4.42 | 12.0% | 15.78 |
| Central Garden & Pet Company | CENT | $2.4B | 14.72 | 1.51 | 10.3% | 8.22 |
| Central Garden & Pet Company | CENTA | $2.2B | 13.29 | 1.37 | 10.3% | 7.57 |
| Perdoceo Education Corporation | PRDO | $2.1B | 12.68 | 2.09 | 16.4% | 7.68 |
| Peer Median | - | 17.25 | 3.00 | 14.2% | 10.90 | |