Company Analysis

Andersons, Inc. (ANDE)

Nasdaq: ANDE · Wholesale-Farm Product Raw Materials · Maumee, OH · filing with the SEC since 1994
Grade5.1
◀ Past 4.6● Present 5.3▶ Future 5.2

The grade of Andersons, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.1/10
◀ Past4.625% of the headline
● Present5.345% of the headline
▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.6/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.0/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2017-07-28.

weight 45% of this tense · 40th percentile among 36 sector filers · read for itself

From the record

Andersons, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2017-07-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+12.1% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 53rd percentile among 35 sector filers · read for its customers

From the record

Andersons, Inc.'s 10 filed years say what it did: revenue went from $3.9 billion in fiscal 2016 to $11 billion in fiscal 2025, up 12.1% a year; it rose in 4 of 9 years; the deepest fall was 36% from fiscal 2022 to fiscal 2025; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.1%top 27% of its family
  • the share of years revenue rosebottom 29% of its family
  • the share of filed years with a profittop 14% of its family
  • the deepest fall from a revenue peak36.5%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.9/10

How has it treated the people who own it?

Share count shrank 0.1% a year. 7% of cash flow returned. Insiders: 24 sales, 0 purchases.

weight 22% of this tense · 49th percentile among 25 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Andersons, Inc.'s diluted share count shrank about 0.1% a year, and dividends and buybacks returned about 7% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 24 sales (14 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 40% of its family
  • cash returned against operating cash flowbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.1/10

Is it financially healthy right now?

ROE 7%: 7¢ of profit per shareholder dollar. Leverage 65%: owes 65¢ per asset dollar.

weight 33% of this tense · 51st percentile among 33 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Andersons, Inc. earned about 7 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 19 cents per dollar of everything the company owns. Leverage: it owed about 65 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 47% of its family
  • return on equitytop 34% of its family
  • gross profit against assetsbottom 47% of its family
  • the share count against the year beforebottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.2/10

How strong is its position in its industry?

top 48% of 35 in its family; net margin 0.9%.

weight 45% of this tense · 52nd percentile among 35 sector filers · read for its customers

From the record

Andersons, Inc.'s standing among 35 graded names in its industry family: revenue of $11 billion in fiscal 2025 ranks in the top 19% by size; a net margin of 0.9% ranks in the top 41%; revenue growth of -14% a year over the last 3 filed years ranks in the bottom 16% (its annual reports).

What it rests on

  • revenue against the family$11.01Btop 19% of its family
  • net margin0.9%top 41% of its family
  • three-year revenue growth-14.0%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.9/10

What are the people in charge doing?

top 41% of 22 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 59th percentile among 22 sector filers · read for its shareholders

From the record

Andersons, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Krueger, William E. (President and CEO, as filed), filing under that title since 2025-02-12, 1.7 years (bottom 30% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 7.4 years (top 34%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 20 peopletop 19% of its family
  • the median years the people in charge have filed7.4 yearstop 34% of its family
  • the chief executive's years on the record1.7 yearsbottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.3/10

How much room does it have to grow?

bottom 33% of 35 in its family for room to expand.

weight 33% of this tense · 33rd percentile among 35 sector filers · read for itself

From the record

Andersons, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $98 million against debt of $560 million leaves -12.4% of its assets as net cash, bottom 43% of its family; cash from operations less capital spending is -0.5% of revenue (bottom 27%); a gross margin of 6.5% (bottom 29%) (its annual report).

What it rests on

  • cash less debt against assets-12.4%bottom 43% of its family
  • cash from operations less capital spending against revenue-0.5%bottom 27% of its family
  • gross margin6.5%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 35 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 35 sector filers · read for its customers

From the record

Andersons, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -14% a year over the last three filed years against 12.1% over all 10, slowing (bottom 1% of its family); the newest year grew -2.2% (bottom 44%); research spending grew -10.6% a year (top 37%); capital spending grew 29.1% a year (top 8%) (its annual reports). Andersons, Inc. reported 2 lines of business in fiscal 2025: Agribusiness at $8.3 billion, Renewables at $2.7 billion. 0 of 2 grew in the latest filed year, and the largest line is 75% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-26.2 points a yearbottom 1% of its family
  • the newest year's revenue growth-2.2%bottom 44% of its family
  • three-year growth of research spending-10.6%top 37% of its family
  • three-year growth of capital spending29.1%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.2/10

Did its newest year beat what its own record pointed to?

top 28% of 32 in its family for expectations against reality.

weight 33% of this tense · 72nd percentile among 32 sector filers · read for its shareholders

From the record

Andersons, Inc.'s newest year against its own record: revenue of $11 billion in fiscal 2025 came in 21.3% above the $9.1 billion its prior three years' pace pointed to (top 5% of its family); net income of $96 million against a prior three-year average of $115 million (top 45%); a net margin of 0.9% against 0.8% before (top 33%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace21.3%top 5% of its family
  • net income against the prior three years' average-17%top 45% of its family
  • net margin against its prior average+0.1 pointstop 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ANDE · research, not advice