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The Andersons, Inc.

ANDE Consumer Defensive Food Distribution

The Andersons, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.0 billion, down 2.21% from fiscal 2024.

Revenue
−1.22%
EPS
+621.7%
Free cash flow
+64.6%
Total debt
+20.6%

Quarter to June 2026, against a year earlier

63.90 0.39 −0.61%
Market cap
$2.2B
P/E
12.3×
Fwd P/E
11.7×
Dividend yield
1.25%
F-score
5/9
Altman Z
4.13
Beneish M
−2.73
Dividend safety
51/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 9.77
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 — 1 5 5 1 1 1 — — — —
Insider Ownership 4.46%

Capital & Financial Ratios $m

Size
Market Cap 2,180.00
Revenue ttm 10,938.89
Net income ttm 180.44
Free cash flow ttm 56.91
Net debt Q 834.22
Valuation
P/E 12.26
Forward P/E 11.70
Price / sales 0.20
Forward P/S Powerpack
Price / FCF 38.24
Price / book 1.60
Financial health
Current ratio Q 1.51 (at or above 1.5: strong)
Debt / equity Q 0.66
Interest coverage Q 3.19
Growth
Revenue growth Q −1.22% (below 0%: shrinking)
Operating income growth Q +109.66% (above 0%: growing)
EPS, this year +97.25% (at or above 15%: strong)
EPS, next year A +16.23% (at or above 15%: strong)
Revenue, next year A +5.59%
EPS, past 5 yrs +64.73% (at or above 15%: strong)
EPS, next 5 yrs A +17.17% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.3×; over the ten years it ranged from 0.1× in 2023 to 0.6× in 2019.
P/E against its own 10 years 21.22%
10-year low 10-year high
P/S against its own 10 years 62.92%
10-year low 10-year high
P/B against its own 10 years 92.95%
10-year low 10-year high
EV/Sales against its own 10 years 56.46%
10-year low 10-year high
EV/FCF against its own 10 years 84.30%
10-year low 10-year high

Dividends raised 2 years running

Yield
1.25%
Annual rate
0.80
Payout ratio
15.4%
Growth, 2017–26
+2.42%/yr
  1. 0.65 ’17
  2. 0.67 ’18 +3%
  3. 0.69 ’19 +3%
  4. 0.70 ’20 +2%
  5. 0.71 ’21 +1%
  6. 0.73 ’22 +3%
  7. 0.75 ’23 +3%
  8. 0.57 ’24 −23%
  9. 0.78 ’25 +37%
  10. 0.80 ’26 +3%
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 644 562 98 67
Receivables 763 765 652 755
Inventory 1,167 1,287 1,365 961
Other 234 237 261 299
2,807 2,850 2,376 2,082
2023 2024 2025 Q'26
Payables 1,055 1,047 919 604
ST’ Debt 71 203 313 337
Other 278 254 246 191
1,636 1,731 1,686 1,379

Compound Annual Growth %

10y 5y 3y
Sales 10.12% 6.42% (14.03%)
Cash Flow 1.39% 0.00% (14.89%)
Earnings 0.00% 65.49% (9.95%)
Book Value 5.11% 2.14% (3.37%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY23 Estimate 1.11 Actual 1.59

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY23 0.17 0.20 Beat by 0.03
Q2 FY23 1.06 1.52 Beat by 0.46
Q3 FY23 0.52 0.13 Miss by 0.39
Q4 FY23 1.11 1.59 Beat by 0.48

EPS $

Mar Jun Sep Dec Year
’26 0.97 1.65 — — —
’25 0.01 0.23 0.59 1.97 2.79
’24 0.16 1.05 0.80 1.31 3.32
’23 (0.44) 1.61 0.28 1.49 2.94
’22 0.16 2.32 1.06 0.26 3.81
’21 0.45 1.30 0.46 0.86 3.07
’20 (1.15) 0.92 (0.03) 0.48 0.23
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,627 3,098 — — —
’25 2,659 3,136 2,678 2,536 11,009
’24 2,718 2,795 2,621 3,123 11,258
’23 3,881 4,020 3,636 3,213 14,750
’22 3,978 4,451 4,219 4,677 17,325
’21 2,595 3,236 2,999 3,783 12,612
’20 1,853 1,890 1,886 2,436 8,065
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (394) 488 — — —
’25 (350) 299 234 (6) 177
’24 (240) 304 (2) 269 332
’23 (334) 541 489 251 947
’22 (1,075) 353 568 440 287
’21 (446) 200 365 (170) (51)
’20 (228) 374 50 (270) (74)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (445) 412 — — —
’25 (397) 250 167 (77) (56)
’24 (266) 276 (40) 213 182
’23 (356) 489 455 209 796
’22 (1,099) 347 540 396 184
’21 (459) 194 348 (192) (109)
’20 (259) 341 44 (284) (158)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,925 3,686 3,045 8,003 8,065 12,612 17,325 14,750 11,258 11,009 10,939 +12.1% 11,624 11,944 — +4.2%
Gross margin, % 8.80 8.65 9.92 5.76 4.54 4.70 3.95 5.05 6.16 6.48 7.19 (2.3) pt
EBT 21 (21) 53 13 (27) 161 195 170 201 141 215 +23.4%
EBT margin, % 0.54 (0.56) 1.75 0.16 (0.34) 1.27 1.12 1.15 1.78 1.29 1.96 +0.8 pt
Net income 14 43 41 15 (16) 132 155 133 171 119 180 +26.4%
Per share, $
Per share, $ Revenue 139.21 131.07 107.77 245.72 244.95 378.98 513.63 437.46 330.79 323.45 321.18 +9.8%
Earnings 0.41 1.46 1.47 0.55 0.23 3.12 3.89 3.00 3.35 2.81 5.21 +23.8%
Cash flow 1.40 2.68 (1.26) 10.70 (2.26) (1.53) 8.51 28.08 9.74 5.20 9.45 +15.7%
Capex (3.77) (5.00) (8.14) (7.58) (2.54) (1.75) (3.05) (4.46) (4.38) (6.85) (7.78) +6.9%
Free cash flow (2.37) (2.33) (9.40) 3.12 (4.80) (3.28) 5.46 23.62 5.36 (1.65) 1.67 (3.9%)
Book value 28.05 29.26 31.03 36.71 35.25 39.30 42.39 44.97 47.01 37.91 39.86 +3.4%
Shares, m 28 28 28 33 33 33 34 34 34 34 34 +2.1%
Valuation, ×
Valuation, × P/E 105.61 21.53 20.33 45.14 111.41 12.33 8.78 19.21 12.13 18.92 12.26 37.5
P/S 0.31 0.24 0.28 0.10 0.10 0.10 0.07 0.13 0.12 0.16 0.20 0.2
P/B 1.54 1.08 0.96 0.69 0.70 0.99 0.80 1.28 0.86 1.40 1.60 1.0
EV/Sales 0.42 0.37 0.51 0.25 0.22 0.17 0.11 0.13 0.14 0.23 0.28 0.3
EV/FCF (24.44) (20.63) (5.81) 19.63 (10.96) (20.20) 10.35 2.43 8.93 (46.04) 52.90 (8.7)
Cash, $m
Cash, $m Operating cash flow 40 75 (36) 349 (74) (51) 287 947 332 177 322 +18.1%
Capex (106) (141) (230) (247) (84) (58) (103) (150) (149) (233) (265) +9.1%
Free cash flow (67) (65) (266) 102 (158) (109) 184 796 182 (56) 57 (1.9%)
Balance, $m
Balance, $m Working capital 258 260 190 505 485 908 945 1,171 1,119 690 703 +11.5%
Net debt 411 460 700 1,171 927 918 760 (10) 249 775 834 +7.3%
Shareholders’ equity 791 823 877 1,196 1,161 1,308 1,430 1,516 1,600 1,290 1,358 +5.6%
Returns, %
Returns, % ROA 0.50 1.93 1.82 0.58 0.19 2.35 2.86 2.39 2.86 2.44 5.12 +1.9 pt
ROIC 1.06 (1.86) 1.50 0.26 (0.34) 4.51 6.21 6.89 6.43 3.34 4.14 +2.3 pt
ROE 1.47 5.27 4.88 1.77 0.65 8.43 9.58 6.87 7.32 6.62 11.95 +5.1 pt
People
People Employees 2,998 1,843 1,858 2,247 2,359 2,371 2,283 2,334 2,299 2,137 — (3.7%)
Revenue/emp, $m 1.31 2.00 1.64 3.56 3.42 5.32 7.59 6.32 4.90 5.15 — +16.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

The Andersons, Inc. vs peers in Food Distribution (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SYY Sysco Corporation $40.8B 22.7× 17.2× +4.67% (above 0%: growing) +4.55% (above 0%: growing) +13.54% (above 0%: growing) 18.69% 4.45% Compare
USFD US Foods Holding Corp. $22.4B 31.4× 26.1× +4.46% (above 0%: growing) +29.90% (above 0%: growing) +36.02% (above 0%: growing) 18.22% 4.21% Compare
PFGC Performance Food Group Company $15.6B 42.9× 26.0× +6.43% (above 0%: growing) +22.35% (above 0%: growing) +6.02% (above 0%: growing) 12.03% 1.80% Compare
CHEF The Chefs' Warehouse, Inc. $4.5B 43.2× 41.2× +12.92% (above 0%: growing) +58.18% (above 0%: growing) +987.24% (above 0%: growing) 25.06% 5.02% Compare
UNFI United Natural Foods, Inc. $2.8B 33.0× 16.2× −0.70% (below 0%: shrinking) n/m +11.82% (above 0%: growing) 13.74% 0.90% Compare
ANDE The Andersons, Inc. $2.2B 12.3× 11.7× −1.22% (below 0%: shrinking) +621.74% (above 0%: growing) +64.62% (above 0%: growing) 7.22% 1.61%
AVO Mission Produce, Inc. $1.0B 288× 84.1× +25.80% (above 0%: growing) n/m −161.50% (below 0%: shrinking) 9.93% 0.11% Compare
WILCF G. Willi-Food International, Ltd. $397.9M 12.8× 17.7× +13.27% (above 0%: growing) −26.56% (below 0%: shrinking) +253.73% (above 0%: growing) 33.33% 15.77% Compare
HFFG HF FOODS GROUP INC. $78.2M — (loss-making) 13.2× +2.84% (above 0%: growing) +150.00% (above 0%: growing) −1,361.99% (below 0%: shrinking) 17.00% 0.87% Compare
Median of peers $3.7B 33.0× 21.9× +5.55% +26.13% +12.68% 17.61% 3.01%

All 12 Food Distribution stocks →

Pay and ownership Proxy statement filed 11 March 2026

Ownership

Directors and executive officers, together 4.30%
New York, NY 15.50%
Malvern, PA 11.70%
Austin, TX 7.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

The Andersons, Inc. (ANDE) Latest News

13 Oct

Impact 4 · · Simply Wall St.

9 Oct

Impact 3 · · Simply Wall St.

4 Sep

Impact 4 ·

3 Sep

Impact 4 ·

10 Aug

Impact 3 · · The Motley Fool transcript

6 Aug

Impact 4 ·

5 Aug

Impact 3 ·

4 Aug

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

3 Aug

Impact 3 ·
Impact 3 ·

26 Jun

Impact 3 · · Insider Monkey

1 Jun

Impact 4 · · Exec Edge

14 May

Impact 4 · · MarketBeat

10 May

Impact 4 · · Simply Wall St.

6 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby

5 May

Impact 3 · · PR Newswire
Impact 3 · · CNW Group

20 Mar

Impact 4 · · The Motley Fool

5 Mar

Impact 3 · · Simply Wall St.

23 Feb

Impact 4 · · Insider Monkey

18 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 4 · · Simply Wall St.
Impact 3 · · Moby

17 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · PR Newswire
stockrow.com/ANDE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com