MARKETS / NASDAQ / ANDE
NASDAQ · WHOLESALE-FARM PRODUCT RAW MATERIALS · LARGE CAP

Andersons, Inc. ANDE

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY14 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$11.0B
▼ 2.2% vs FY2024
Dividend streak
14 yrs
Raised every year since 2012
EPS · FY25
Dividend / sh · FY25
$0.79
Payout · FY25
28%
ROE · FY25
7.3%
Net margin · FY25
0.9%
Dividend coverage
4.3×
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Result
USD 11.0B
Revenue, FY2025 · full 18-year series below
Revenue Net income
510152011.00.12008201120142017202020232025
510152011.00.12016201920222025

1 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
240.792008201120142017202020232025
240.792016201920222025

Earnings covered the dividend 4.3 times — the rest stayed in the company.

Profitability
7.3%
Return on equity, FY2025
ROE
51015207.3%2008201120142017202020232025
51015207.3%2016201920222025
Operating margin1.3%
Net margin0.9%
Return on assets2.4%

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

Returned to shareholders
USD 42.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 26.8M
Net buybacksUSD 15.4M
Share of profit44.1%
Consecutive raises14 years

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

Growth
+6.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
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%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 3.7B
total assets, end of FY2025
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.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
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
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
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
68 of 68
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed