MARKETS / NASDAQ / ANDE

NASDAQ · WHOLESALE-FARM PRODUCT RAW MATERIALS · LARGE CAP

Andersons, Inc. ANDE

18 fiscal years on record · USD · FY2025 reported · SEC filings only

14 YEARS OF DIVIDEND GROWTH

Revenue

$11.0B

▼ 2.2% YoY

Net income

$95.7M

▼ 16.1% YoY

Free cash flow

$-56.1M

▼ 130.8% YoY

In brief

What this company does

The company handles bulk agricultural fertilizers, produces specialized high-value nutrient products, and services a variety of industrial and consumer markets with related products. As of December 31, 2025, the Company had a total of 2,137 employees across its Agribusiness and Renewables segments and Enterprise Service functions. The Company's operations are classified into two reportable business segments: Agribusiness and Renewables. The Agribusiness segment focuses on capturing profits through relationships with agricultural producers and end users as both a supplier and customer. The Renewables segment produces, purchases and sells ethanol and co-products. Founded in Maumee, Ohio in 1947, the Company operates in the North American agricultural and renewable fuels supply chains.

Written from the business description in Andersons, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 11.0B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 11.0 · Net income 0.1

Compound annual growth

Revenue

−14.0%

+6.4%

+10.1%

+8.2%

Net income

−10.0%

+65.5%

+2.6%

EPS, diluted

+2.6%

+43.3%

−1.4%

Dividend / share

+2.7%

+2.3%

+3.2%

Returned to shareholders

+9.3%

+12.9%

−4.2%

+13.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.4% a year over five years — but profit grew faster: net income at +65.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 1.3% · Net 1.1%

ROE

FY2025 · ROE 7.3%

Gross margin6.5%

Operating margin1.3%

Net margin1.1%

Return on assets3.0%

EBITDAUSD 274.8M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 42.2M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -56.1

Net buybacks $M Dividends $M

FY2025 · Dividends 26.8 · Net buybacks 15.4

Dividends paidUSD 26.8M

Net buybacksUSD 15.4M

Share of profit44.1%

Consecutive raises14 years (since the 2011 share-count change)

USD 26.8M in dividends and USD 15.4M in buybacks — 44% of the year's profit went back to shareholders.

Total assetsUSD 3.7B

EquityUSD 1.2B

CashUSD 98.3M

Gross debtUSD 623.4M

Net debtUSD 525.1M

Current ratio1.41×

Net debt stands at 42% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	11.0	11.3	14.8	17.3	12.6	8.1	8.0	3.0	3.7	3.9	4.2	4.5	5.6	5.3	4.6	3.4	3.0	3.5
Operating income $B	0.1	0.2	0.2	0.2	0.2	−0.0	0.0	0.1	−0.0	0.0	−0.0	0.2	0.1	0.1	0.1	0.1	·	·
EBITDA $B	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.1	·	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.1	0.0	−0.0	0.1	0.1	0.0	0.1	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	−0.0	0.1	0.1	0.1	0.1	0.1	0.0	0.0
Free cash flow $B	−0.1	0.2	0.8	0.2	−0.1	−0.2	0.2	−0.2	0.0	−0.0	0.1	−0.1	0.3	0.3	0.2	−0.3	0.2	0.3
EPS, diluted $	·	3.32	2.94	3.81	3.07	0.23	0.55	1.46	1.50	0.41	−0.46	3.84	3.18	2.82	3.39	3.48	2.08	1.79
Dividend / sh $	0.79	0.77	0.74	0.72	0.70	0.70	0.69	0.67	0.65	0.62	0.57	0.47	0.43	0.40	0.29	0.36	0.35	0.33
Payout %	28	23	25	19	23	298	121	45	43	150	−122	11	13	14	9	10	17	18
ROE %	7.3	8.6	8.2	11.5	10.2	0.8	2.0	5.0	5.3	1.5	−1.7	14.6	13.9	14.2	19.5	15.3	9.7	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 86 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 9 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityWholesale-Farm Product Raw Materials

Listed onNASDAQ

Incorporated inOhio

Fiscal year endsDecember 31

Data on record since2008