# The Andersons, Inc. (ANDE)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $2.42B  
**Price:** $70.48 (-5.06%)

> The Andersons, Inc. is a diversified agribusiness company headquartered in Maumee, Ohio, and founded in 1947. It specializes in commodity merchandising, renewables, and plant nutrient sectors, operating primarily in the United States, Canada, Mexico, and internationally. The Agribusiness segment focuses on trading commodities like corn, wheat, and soybeans, while manufacturing, distributing, and retailing agricultural fertilizers and related plant nutrients. It also manages logistics for physical commodities including whole grains, grain products, and feed ingredients. The Renewables segment handles the production, purchase, and sale of ethanol and its co-products, along with renewable feedstocks. Additional activities encompass railcar leasing and repair, turf products production, and consumer retailing. Through extensive grain storage facilities, terminal elevators, and streamlined supply chains, The Andersons, Inc. supports growers and delivers food, feed, and fuel across North America and beyond, leveraging deep industry relationships for efficient agriculture solutions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.53B | $714M | — | $96M | — |
| 2024 | $1.40B | $694M | — | $114M | — |
| 2023 | $1.63B | $745M | — | $101M | — |
| 2022 | $3.04B | $684M | — | $131M | — |
| 2021 | $2.21B | $593M | — | $104M | — |
| 2020 | $1.48B | $366M | — | $8M | — |
| 2019 | $1.34B | $461M | — | $18M | — |
| 2018 | $899M | $302M | — | $41M | — |
| 2017 | $3.69B | $319M | — | $43M | — |
| 2016 | $3.92B | $346M | — | $12M | — |
| 2015 | $5M | $376M | — | -$13M | — |
| 2014 | $6M | $397M | — | $110M | — |
| 2013 | $882,000 | $365M | — | $90M | — |
| 2012 | $5.27B | $358M | — | $79M | — |
| 2011 | $4.58B | $353M | — | $95M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.71B | $2.42B | $1.24B | $98M | $560M |
| 2024 | $4.12B | $2.52B | $1.37B | $562M | $608M |
| 2023 | $3.86B | $2.34B | $1.28B | $644M | $563M |
| 2022 | $4.61B | $3.18B | $1.20B | $115M | $493M |
| 2021 | $4.57B | $3.26B | $1.07B | $216M | $600M |
| 2020 | $4.27B | $3.11B | $962M | $29M | $886M |
| 2019 | $3.90B | $2.71B | $974M | $55M | $1.02B |
| 2018 | $2.39B | $1.52B | $830M | $23M | $496M |
| 2017 | $2.16B | $1.34B | $815M | $35M | $418M |
| 2016 | $2.23B | $1.44B | $774M | $63M | $397M |
| 2015 | $2.36B | $1.58B | $764M | $64M | $436M |
| 2014 | $2.36B | $1.54B | $803M | $115M | $299M |
| 2013 | $2.27B | $1.55B | $701M | $309M | $375M |
| 2012 | $2.18B | $1.57B | $594M | $138M | $427M |
| 2011 | $1.73B | $1.20B | $524M | $20M | $239M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $177M | $233M | -$56M |
| 2024 | $332M | $149M | $182M |
| 2023 | $947M | $150M | $796M |
| 2022 | $287M | $108M | $179M |
| 2021 | -$51M | $76M | -$127M |
| 2020 | -$74M | $77M | -$152M |
| 2019 | $349M | $165M | $183M |
| 2018 | -$36M | $143M | -$178M |
| 2017 | $75M | $35M | $41M |
| 2016 | $40M | $78M | -$38M |
| 2015 | $154M | $72M | $82M |
| 2014 | -$10M | $60M | -$70M |
| 2013 | $337M | $47M | $290M |
| 2012 | $328M | $69M | $259M |
| 2011 | $290M | $44M | $246M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ANDE)