ANDE vs GLP
Andersons, Inc. and Global Partners LP, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ANDE | GLP |
|---|---|---|
| Revenue | $11.0B | $18.6B |
| Net income | $95.7M | $98.0M |
| Gross margin | 6.5% | 5.7% |
| Net margin | 1.1% | 0.5% |
| Return on equity | 7.3% | · |
| Diluted EPS | · | · |
| Dividend / share | $0.79 | · |
| Payout ratio | 28.1% | · |
| Free cash flow | $-56.1M | $193.3M |
| Equity | $1.2B | · |
| Net debt / equity | 0.42× | · |
| Current ratio | 1.41× | 1.14× |
| Revenue CAGR 5y | 6.4% | 17.4% |
| Profit CAGR 5y | 65.5% | −0.8% |
GLP bills 1.7× the revenue of ANDE, and ANDE keeps more of each dollar of revenue as profit (1.1% against 0.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ANDE | GLP |
|---|---|---|
| FY2025 | $11.0B | $18.6B |
| FY2024 | $11.3B | $17.2B |
| FY2023 | $14.8B | $16.5B |
| FY2022 | $17.3B | $18.9B |
| FY2021 | $12.6B | $13.2B |
| FY2020 | $8.1B | $8.3B |
| FY2019 | $8.0B | $13.1B |
| FY2018 | $3.0B | $12.7B |
| FY2017 | $3.7B | $8.9B |
| FY2016 | $3.9B | $8.2B |
Bottom line
| Fiscal year | ANDE | GLP |
|---|---|---|
| FY2025 | $95.7M | $98.0M |
| FY2024 | $114.0M | $110.3M |
| FY2023 | $101.2M | $152.5M |
| FY2022 | $131.1M | $362.2M |
| FY2021 | $104.0M | $60.8M |
| FY2020 | $7.7M | $102.2M |
| FY2019 | $18.3M | $35.9M |
| FY2018 | $41.5M | $103.9M |
| FY2017 | $42.5M | $58.8M |
| FY2016 | $11.6M | $-199.4M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$7,552,493,000 | GLP |
| FY2024 | −$5,906,018,000 | GLP |
| FY2023 | −$1,742,062,000 | GLP |
| FY2022 | −$1,552,502,000 | GLP |
| FY2021 | −$636,227,000 | GLP |
| FY2020 | −$256,979,000 | GLP |
| FY2019 | −$5,078,477,000 | GLP |
| FY2018 | −$9,627,220,000 | GLP |
| FY2017 | −$5,234,207,000 | GLP |
| FY2016 | −$4,314,849,000 | GLP |
| FY2015 | −$6,116,357,000 | GLP |
| FY2014 | −$12,729,883,000 | GLP |
| FY2013 | −$13,985,034,000 | GLP |
| FY2012 | −$12,353,987,000 | GLP |
| FY2011 | −$10,259,398,000 | GLP |
| FY2010 | −$4,407,768,000 | GLP |
| FY2009 | −$2,793,107,000 | GLP |
GLP has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.6 pp | ANDE |
| FY2024 | +0.9 pp | ANDE |
| FY2023 | −0.0 pp | GLP |
| FY2022 | −1.0 pp | GLP |
| FY2021 | +0.6 pp | ANDE |
| FY2020 | −1.4 pp | GLP |
| FY2019 | −0.1 pp | GLP |
| FY2018 | +0.5 pp | ANDE |
| FY2017 | +0.5 pp | ANDE |
| FY2016 | +3.3 pp | ANDE |
| FY2015 | −0.7 pp | GLP |
| FY2014 | +2.0 pp | ANDE |
| FY2013 | +1.5 pp | ANDE |
| FY2011 | +2.0 pp | ANDE |
| FY2010 | +1.6 pp | ANDE |
| FY2009 | +0.7 pp | ANDE |
The higher net margin has changed hands between ANDE and GLP over this period.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GLP's net margin has been more volatile than ANDE's over the 16 comparable fiscal years — 1.0 percentage points of standard deviation against 0.8.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ANDE and GLP over these 16 fiscal years — ANDE led in 11 and GLP in 5.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.