The Andersons (ANDE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

The Andersons

NasdaqGS•Consumer Defensive•Food Distribution

$72.30+0.98(0.01%)Market open

Market Cap

$2.43B

P/E

13.7x

P/S

0.2x

P/B

1.8x

The Andersons, Inc. operates as an agriculture and renewable fuels company in the United States, Canada, Mexico, and internationally. It operates through Agribusiness and Renewables segments. The Agribusiness segment sells commodities, such as corn, wheat, and soybeans. It also manufactures, distributes, and retails agricultural and related plant nutrients; and agricultural fertilizers. This segment also engages in the merchandising business, as well as offers logistics for physical commodities, such as whole grains, grain products, feed ingredients, domestic fuel products, and other agricultural commodities. The Renewables segment produces, purchases, sells, merchandises, and trades in ethanol, and co-products, as well as merchandises and trades in other biofuels, such as renewable feedstocks. The Andersons, Inc. was founded in 1947 and is based in Maumee, Ohio.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability17/25

Growth14/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.7x5y range 6.8x – 29.5x

Currently near its 20-quarter median.

P/S · 0.2x5y range 0.1x – 0.2x

Currently above its 20-quarter median.

P/B · 1.8x5y range 0.7x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 18.8% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.43B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $10.94B
Q. Revenue: $3.10B
TTM EBITDA: $218.29M
TTM Op. Income: $83.63M
Q. Op. Income: $34.31M
TTM Net Income: $177.32M
Q. Net Income: $56.56M
EPS: $1.66
Shares Out.: $34.06M

$10.94B in TTM revenue declined 5.2% YoY, reaching $3.10B last quarter. TTM EBITDA of $218.29M and TTM operating income of $83.63M show growth is flowing through to the bottom line. TTM net income of $177.32M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 7.2%
EBITDA Margin: 2.2%
Op. Margin: 1.1%
Net Margin: 1.8%

Op. margin of 1.1% is up 0.7% YoY — cost efficiency is improving. Net margin at 1.8% and gross margin of 7.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 182% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.7x
P/S Ratio: 0.2x
P/B Ratio: 1.8x

At 13.7x P/E, the stock trades below typical market levels. P/S of 0.2x and P/B of 1.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.47B
Cash: $66.55M
Long-Term Debt: $563.48M
Book Value: $1.36B
D/E Ratio: 0.4
Debt/EBITDA: 8.2

With $3.47B in assets and $563.48M in long-term debt, D/E is 0.4and book value is $1.36B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 16% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $487.92M
TTM Free Cash Flow: $56.91M
FCF Margin: 0.5%
FCF / Net Income: 0.3

TTM FCF of $56.91M on $487.92M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 112% — an improving trend.