Andersons, Inc.

ANDE

Andersons, Inc.

ANDE

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-06-04Shares Purchased (TTM):0Shares Sold (TTM):134,292.12

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:29,346,688Shares Outstanding:33,956,000Institutional Ownership Pct.:86.43%

Earnings Market Reaction:

Filing Date:2026-05-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Wholesale-Farm Product Raw Materials

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Andersons, Inc. (ANDE) — SEC Financial Statements & Analysis

Andersons, Inc. (ANDE) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	72	98	82	351	219	562	454	530	284	644	418	96
Accounts Notes And Loans Receivable Net Current	772	652	716	784	812	765	757	744	702	763	817	1,030
Inventory Net	1,399	1,365	899	772	1,249	1,287	884	687	995	1,167	985	991
Commodity Contract Asset Current	162	135	154	148	155	149	122	180	179	178	240	348
Other Assets Current	152	125	110	121	93	88	114	109	55	56	67	72
Assets Of Disposal Group Including Discontinued Op…	-	-	-	-	-	-	-	-	-	-	-	0
Assets Current	2,557	2,376	1,961	2,175	2,529	2,850	2,331	2,249	2,214	2,807	2,527	2,537
Other Assets Noncurrent
Goodwill	-	128	-	-	-	128	-	-	128	128	129	129
Other Intangible Assets Net	-	64	-	-	-	69	-	-	81	86	91	90
Operating Lease Right Of Use Asset	-	109	-	-	-	105	-	-	53	54	57	60
Disposal Group Including Discontinued Operation As…	-	-	-	-	-	-	-	-	-	-	-	0
Property Plant And Equipment Net	961	940	906	884	860	868	710	694	689	693	680	663
Other Assets Noncurrent	402	97	430	387	409	101	347	356	358	87	381	369
Investments And Other Noncurrent Assets	-	397	-	-	-	403	-	-	358	355	381	369
Assets	3,920	3,713	3,297	3,446	3,798	4,121	3,388	3,300	3,261	3,855	3,588	3,570
Liabilities And Stockhold…
Liabilities Current
Lines Of Credit Current	-	249	-	-	-	167	-	-	-	43	-	-
Short Term Borrowings	717	-	141	104	223	-	15	4	10	-	14	103
Contract With Customer Liability Current	223	195	72	74	224	194	68	124	175	187	212	190
Derivative Liabilities Current	68	51	69	79	70	60	86	129	67	91	143	251
Long Term Debt Current	23	63	64	64	63	36	28	28	28	28	28	28
Accrued Liabilities Current	207	208	202	187	194	227	208	193	178	232	189	181
Liabilities Current	1,871	1,686	1,330	1,081	1,434	1,731	1,178	1,085	1,083	1,636	1,408	1,393
Operating Lease Liability Noncurrent	-	72	-	-	-	65	-	-	31	32	33	34
Long Term Debt Noncurrent	569	560	569	578	588	608	543	549	556	563	570	576
Other Liabilities Noncurrent	171	105	174	177	181	117	145	145	146	49	162	162
Deferred Income Tax Liabilities Net	-	-	-	-	-	55	-	-	59	59	58	57
Liabilities	2,610	2,423	2,074	1,836	2,203	2,521	1,865	1,780	1,785	2,339	2,139	2,132
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities Of Disposal Group Including Discontinu…	-	-	-	-	-	-	-	-	-	-	-	0
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	201	208	206	385	383	386	382	378	375	387	384	380
Treasury Stock Value	-8	-14	-14	0	0	-3	-1	-1	-1	-10	-10	-10
Accumulated Other Comprehensive Income Loss Net Of…	10	11	11	14	9	13	15	21	23	23	29	25
Retained Earnings Accumulated Deficit	1,065	1,039	979	965	964	971	932	911	882	883	839	835
Stockholders Equity	1,269	1,245	1,223	1,364	1,594	1,366	1,523	1,311	1,280	1,516	1,241	1,231
Liabilities Of Disposal Group Including Discontinu…	-	-	-	-	-	-	-	-	-	-	-	0
Minority Interest	41	45	42	246	239	234	194	210	196	233	208	207
Liabilities And Stockholders Equity	3,920	3,713	3,297	3,446	3,798	4,121	3,388	3,300	3,261	3,855	3,588	3,570
Common Stock Shares Authorized	63	63	63	63	63	63	63	63	63	63	63	63
Common Stock Shares Issued	34	34	34	34	34	34	34	34	34	34	34	34
Allowance For Doubtful Accounts Receivable Current	-	43	-	-	-	48	-	-	-	36	-	-
Preferred Stock Shares Authorized	1	1	1	1	1	1	1	1	1	1	1	1
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Treasury Stock Common Shares	0	0	0	0	0	0	0	0	0	0	0	0

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	3.46%	4.18%	-	-	-	-	-	-	-	-	-	-
2025	12.69%	14.69%	15.18%	18.11%	17.33%	37.43%	6.23%	10.02%	22.93%	9.44%	15.61%	10.84%
2024	1.73%	-3.60%	7.27%	7.87%	5.99%	-1.04%	9.97%	-7.72%	-1.48%	-12.34%	-20.45%	-27.17%
2023	-	-	-	-2.66%	-2.56%	-6.21%	9.95%	24.90%	14.07%	-5.10%	2.58%	-4.75%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	1.37	1.41	1.47	2.01	1.76	1.65	1.98	2.07	2.04	1.72	1.80	1.82
Quick Ratio	0.62	0.60	0.80	1.30	0.89	0.90	1.23	1.44	1.13	1.00	1.10	1.11
Working Capital	686.48M	690.01M	630.69M	1.09B	1.09B	1.12B	1.15B	1.16B	1.13B	1.17B	1.12B	1.14B
Leverage & Debt
Debt to Equity	2.06	1.88	1.70	1.35	1.38	1.58	1.22	1.36	1.39	1.54	1.72	1.73
Debt Ratio	0.67	0.65	0.63	0.53	0.58	0.61	0.55	0.54	0.55	0.61	0.60	0.60
Efficiency & Turnover
Asset Turnover TTM	2.84	2.81	3.47	3.42	3.17	2.82	3.25	3.60	3.69	3.49	4.05	4.04
Days Sales Outstanding TTM	26.34	23.49	23.17	24.16	24.68	24.76	25.30	26.19	24.54	24.89	20.34	23.59
Receivables Turnover TTM	13.86	15.54	15.75	15.11	14.79	14.74	14.42	13.94	14.88	14.67	17.94	15.47
Per Share Metrics
Diluted EPS TTM	3.50	2.79	3.91	3.93	4.97	4.97	3.98	3.46	3.55	2.94	0.87	1.88
Free Cash Flow Per Share TTM	-3.09	-1.65	6.88	0.78	1.53	5.36	5.24	19.77	26.20	23.62	29.39	31.90
Dividend Per Share TTM	0.80	0.79	0.79	0.78	0.78	0.77	0.77	0.76	0.75	0.75	0.74	0.74
Margin Metrics
Gross Profit Margin TTM	6.57%	6.48%	6.00%	6.08%	6.42%	6.16%	6.16%	5.49%	5.34%	5.05%	4.30%	4.19%
Operating Profit Margin TTM	1.57%	1.29%	1.04%	1.36%	1.70%	1.78%	1.99%	1.63%	1.83%	1.15%	0.67%	0.63%
Net Profit Margin TTM	1.09%	0.87%	1.15%	1.17%	1.52%	1.52%	1.20%	0.96%	0.89%	0.69%	0.18%	0.38%
Growth Metrics
Net Revenue Growth (1Y)	-1.98%	-2.21%	2.19%	-6.66%	-17.58%	-23.68%	-30.02%	-26.41%	-21.14%	-14.86%	-1.31%	10.44%
Net Income Growth (1Y)	-29.77%	-43.93%	-2.28%	13.32%	40.26%	68.69%	360.75%	85.24%	9.65%	-22.80%	-83.39%	-57.17%
EPS Growth (1Y)	-29.47%	-43.94%	-2.11%	12.86%	39.57%	67.14%	356.46%	83.52%	8.65%	-22.77%	-83.35%	-57.03%
Valuation Metrics
P/E TTM	20.24	18.73	10.00	9.14	8.38	7.85	12.10	13.69	15.44	18.42	56.15	23.14
P/B	1.91	1.39	1.09	0.90	0.90	0.84	1.09	1.24	1.47	1.23	1.34	1.21
P/S TTM	0.22	0.16	0.12	0.11	0.13	0.12	0.15	0.13	0.14	0.13	0.10	0.09
Market Cap	2.42B	1.79B	1.33B	1.23B	1.43B	1.34B	1.65B	1.63B	1.88B	1.86B	1.66B	1.49B
Enterprise Value	3.66B	2.57B	2.03B	1.63B	2.08B	1.59B	1.78B	1.68B	2.19B	2.44B	1.86B	2.10B
Calculated Values
Free Cash Flow TTM	-104.94M	-56.13M	233.83M	26.83M	52.15M	182.32M	178.40M	673.31M	888.91M	796.31M	991.82M	1.08B
Net Debt	1.24B	774.53M	692.67M	396.17M	654.23M	249.13M	130.94M	50.68M	310.04M	574.97M	193.35M	610.46M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-04Sale

Owner: Rex, Anne G

Title: VP, Strategy, Planning and Dev

Shares: 1,827

Price/Share: $73.10

Value: $133,553.70

Shares Owned: 22,002

Relationship: Officer

Ownership: Direct

2026-05-05Sale

Owner: Bowe, Patrick E.

Title: -

Shares: 16,466

Price/Share: $80.76

Value: $1,329,794.16

Shares Owned: 78,409

Relationship: Director

Ownership: Direct

2026-04-30Sale

Owner: Bowe, Patrick E.

Title: -

Shares: 19,100

Price/Share: $78.31

Value: $1,495,721.00

Shares Owned: 94,875

Relationship: Director

Ownership: Direct

2026-04-29Sale

Owner: Bowe, Patrick E.

Title: -

Shares: 900

Price/Share: $78.06

Value: $70,254.00

Shares Owned: 113,975

Relationship: Director

Ownership: Direct

2026-04-23Sale

Owner: Bowe, Patrick E.

Title: -

Shares: 2,407

Price/Share: $76.67

Value: $184,544.69

Shares Owned: 114,875

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-04	Rex, Anne G	Officer	VP, Strategy, Planning and Dev	Direct	Sale	1,827	73.10	$133,553.70	22,002	4
2026-05-05	Bowe, Patrick E.	Director	-	Direct	Sale	16,466	80.76	$1,329,794.16	78,409	4
2026-04-30	Bowe, Patrick E.	Director	-	Direct	Sale	19,100	78.31	$1,495,721.00	94,875	4
2026-04-29	Bowe, Patrick E.	Director	-	Direct	Sale	900	78.06	$70,254.00	113,975	4
2026-04-23	Bowe, Patrick E.	Director	-	Direct	Sale	2,407	76.67	$184,544.69	114,875	4
2026-04-22	Bowe, Patrick E.	Director	-	Direct	Sale	12,093	76.11	$920,398.23	117,282	4
2026-04-06	Bowe, Patrick E.	Director	-	Direct	Sale	15,000	74.33	$1,114,950.00	129,875	4
2026-03-25	Bowe, Patrick E.	Director	-	Direct	Sale	14,200	72.78	$1,033,476.00	144,875	4
2026-03-17	Stout, John T Jr	Director	-	Direct	Sale	2,500	70.30	$175,750.00	23,441	4
2026-03-16	Bowe, Patrick E.	Director	-	Direct	Sale	15,000	70.41	$1,056,150.00	159,875	4
2026-03-12	Walz, Brian K.	Officer	VP & Treasurer	Direct	Sale	8,975	70.74	$634,891.50	11,913	4
2026-03-04	Rex, Anne G	Officer	VP, Strategy, Planning and Dev	Direct	Sale	2,624	65.07	$170,751.49	23,829	4
2026-02-12	Walz, Brian K.	Officer	VP & Treasurer	Direct	Sale	200	70.00	$14,000.00	20,888	4
2025-12-15	Stout, John T Jr	Director	-	Direct	Sale	5,000	55.00	$275,000.00	25,941	4
2025-12-12	Stout, John T Jr	Director	-	Direct	Sale	2,500	53.00	$132,500.00	30,941	4
2025-12-10	Stout, John T Jr	Director	-	Direct	Sale	12,500	51.77	$647,125.00	33,441	4
2025-11-12	Rex, Anne G	Officer	VP, Strategy, Planning and Dev	Direct	Sale	3,000	51.36	$154,080.00	23,549	4
2025-02-19	Heide, Weston	Officer	Executive VP, Agribusiness	Direct	Sale	800	48.00	$38,400.00	16,104	4
2024-11-27	Mcneely, Joseph E	Officer	Group President - ANI	Direct	Sale	2,382	47.73	$113,692.86	49,601	4
2024-04-23	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	5,419	60.56	$328,174.64	79,740	4
2024-04-22	Anderson, Michael J	Director	-	Direct	Sale	3,000	59.00	$177,000.00	209,968	4
2024-03-19	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	1,338	55.12	$73,750.56	89,315	4
2024-03-08	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	2,623	55.22	$144,842.06	90,653	4
2024-03-05	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	300	55.01	$16,503.00	93,276	4
2024-02-21	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	34,597	55.46	$1,918,749.62	83,515	4
2024-01-04	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	4,406	56.25	$247,837.50	48,917	4
2023-12-26	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	10,525	57.67	$606,976.75	56,137	4
2023-12-26	Anderson, Michael J	Director	-	Direct	Sale	6,000	57.52	$345,120.00	212,968	4
2023-12-20	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	3,938	56.58	$222,812.04	72,699	4
2023-12-19	Anderson, Michael J	Director	-	Direct	Sale	3,000	56.00	$168,000.00	218,968	4
2023-12-19	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	20,577	56.11	$1,154,575.47	76,637	4
2023-12-15	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	10,040	54.96	$551,798.40	115,495	4
2023-12-14	Anderson, Michael J	Director	-	Direct	Sale	3,000	55.05	$165,150.00	221,968	4
2023-12-13	Anderson, Michael J	Director	-	Direct	Sale	3,000	54.00	$162,000.00	224,968	4
2023-12-01	Walz, Brian K.	Officer	VP & Treasurer	Direct	Sale	2,606	50.00	$130,300.00	12,404	4
2023-11-15	Manire, Ross W	Director	-	Direct	Sale	5,000	51.79	$258,950.00	28,123	4
2023-08-31	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	138	52.00	$7,176.00	132,153	4
2023-08-30	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	9,878	52.15	$515,137.70	132,291	4
2023-08-25	Walz, Brian K.	Officer	VP & Treasurer	Direct	Sale	3,414	51.26	$175,001.64	15,010	4
2023-08-17	Krueger, William E.	Officer	Chief Operating Officer	Direct	Sale	26,452	50.51	$1,336,090.52	2,489	4
2023-08-15	Krueger, William E.	Officer	Chief Operating Officer	Direct	Sale	200	50.50	$10,100.00	28,941	4
2023-08-08	Rex, Anne G	Officer	VP, Strategy, Planning and Dev	Direct	Sale	1,523	52.00	$79,196.00	19,534	4
2023-08-07	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	2,498	53.45	$133,518.10	142,169	4
2023-08-04	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	20,000	52.70	$1,054,000.00	144,667	4
2023-08-04	Anderson, Michael J	Director	-	Direct	Sale	3,000	53.02	$159,060.00	229,968	4
2023-08-03	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	15,016	51.81	$777,978.96	100,479	4
2023-08-03	Anderson, Michael J	Director	-	Direct	Sale	33,276	51.98	$1,729,686.48	232,968	4
2023-08-02	Bowe, Patrick E.	Director,Officer	President & CEO	Direct	Sale	55,788	50.47	$2,815,620.36	164,667	4
2023-07-27	Anderson, Michael J	Director	-	Direct	Sale	3,000	49.00	$147,000.00	272,644	4
2023-07-17	Anderson, Michael J	Director	-	Direct	Sale	1,144	48.00	$54,912.00	275,644	4
2023-07-12	Anderson, Michael J	Director	-	Direct	Sale	1,856	48.00	$89,088.00	276,788	4
2023-07-03	Anderson, Michael J	Director	-	Direct	Sale	3,000	47.05	$141,150.00	278,644	4
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Institutional Ownership

No data available for chart

2026-03-31

86.43%

Inst. Shares: 29,346,688

Shares Outstanding: 33,956,000

2025-12-31

85.17%

Inst. Shares: 28,988,068

Shares Outstanding: 34,036,000

2025-09-30

81.03%

Inst. Shares: 27,558,421

Shares Outstanding: 34,010,000

2025-06-30

84.13%

Inst. Shares: 28,771,334

Shares Outstanding: 34,199,000

2025-03-31

86.26%

Inst. Shares: 29,414,722

Shares Outstanding: 34,100,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	29,346,688	33,956,000	86.43%
2025-12-31	28,988,068	34,036,000	85.17%
2025-09-30	27,558,421	34,010,000	81.03%
2025-06-30	28,771,334	34,199,000	84.13%
2025-03-31	29,414,722	34,100,000	86.26%
2024-12-31	28,922,460	34,032,000	84.99%
2024-09-30	29,321,973	34,069,000	86.07%
2024-06-30	29,182,864	34,060,000	85.68%
2024-03-31	28,774,191	33,932,000	84.80%
2023-12-31	28,432,451	33,718,000	84.32%
2023-09-30	27,351,915	33,752,000	81.04%
2023-06-30	27,464,050	33,744,000	81.39%
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Andersons, Inc. (ANDE) — SEC Financial Statements & Analysis

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