ANDENasdaqWholesale-Farm Product Raw MaterialsFiscal year ends December 31
Andersons, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$64.24−0.69 (-1.06%)
Close on Oct 19, 2026
- Market cap
- $2.20B
- P/E (TTM)
- 12.4
- Dividend yield
- 1.22%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
6.5%+1.9 pts over 5 years
Net margin
0.9%+0.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.2% | -14.0% | +6.4% | +10.1% | |
| Gross profit | +2.8% | +1.4% | +14.3% | +6.6% | |
| Net income | -16.1% | -10.0% | +65.5% | – | |
| Dividend per share | +2.6% | +2.7% | +2.3% | +3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 1.5% | 0.8% | 7.3% | |
| Return on assets | 0.5% | 0.2% | 2.4% | |
| Current ratio | 1.32 | 1.25 | 1.41 | |
| Debt to equity | 0.61 | 1.41 | 0.70 | |
| Inventory turnover | 5.0× | 6.2× | 7.8× | |
| Capex to revenue | 2.0% | 1.0% | 2.1% | |
| Diluted shares | 28M | 33M | 34M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Andersons generated $1.79B from operations and spent $875.78M on capital expenditure, dividends and share buybacks. 82% of that went back into the business.
Generated
$1.79B
Used
$875.78M
Capital expenditure$716.80M82%Dividends$126.85M14%Share buybacks$32.13M4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.9%
×Asset turnover2.81×
×Equity multiplier3.00×
=Return on equity, FY20257.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.9% | 2.81× | 3.00× | 7.3% |
| FY2024 | 1.0% | 2.82× | 3.01× | 8.6% |
| FY2023 | 0.7% | 3.49× | 3.41× | 8.2% |
| FY2022 | 0.8% | 3.78× | 4.04× | 11.5% |
| FY2021 | 0.8% | 2.85× | 4.35× | 10.2% |
| FY2020 | 0.1% | 1.97× | 4.22× | 0.8% |
| FY2019 | 0.2% | 2.54× | 3.49× | 2.0% |
| FY2018 | 1.4% | 1.34× | 2.77× | 5.0% |
| FY2017 | 1.2% | 1.68× | 2.77× | 5.3% |
| FY2016 | 0.3% | 1.71× | 2.98× | 1.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$95.71M
- Cash generatingOperating cash flow above zero$177.00M
- Return on assets improvedROA up on the prior year3.0% → 2.3%
- Earnings backed by cashOperating cash flow above net income$177.00M vs $95.71M
- Less leverageLong-term debt to assets fell14.8% → 15.1%
- Better liquidityCurrent ratio rose1.65 → 1.41
- No dilutionShare count did not rise34M → 34M
- Gross margin improvedGross margin up on the prior year6.16% → 6.48%
- More efficientAsset turnover rose2.92 → 2.67