The Andersons, Inc. (ANDE) Income Statement
ANDE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsANDE revenue and net income
Where ANDE's revenue goes
2025Each bar shows an amount and its share of revenue. ANDE kept 0.9% of revenue as net income.
ANDE profit margins
ANDE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.2% | −14.0% | +6.4% | +10.1% |
| Gross profit | +3.8% | +2.1% | +12.1% | +8.6% |
| Operating income | −31.0% | −14.3% | +38.6% | — |
| Net income | −16.1% | −10.0% | +65.5% | — |
| EPS (diluted) | −6.6% | −7.2% | +109.6% | +8.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ANDE quarterly EPS vs estimates
Andersons beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.11).
ANDE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.01B | $11.26B | $14.75B | $17.33B | $12.61B | $8.06B | $8.17B | $3.05B | $3.69B | $3.92B |
| Cost of revenue | $10.30B | $10.57B | $13.92B | $16.65B | $12.17B | $7.66B | $7.65B | $2.75B | $3.37B | $3.56B |
| Gross profit | $713.7M | $687.3M | $831.9M | $670.6M | $441.6M | $402.8M | $516.0M | $297.8M | $313.4M | $360.5M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $603.4M | $503.6M | $492.3M | $457.6M | $423.1M | $377.7M | $409.7M | $257.9M | $290.4M | $316.1M |
| Total operating expenses | $585.2M | $501.2M | $492.3M | $466.6M | $423.8M | $377.7M | $436.8M | $251.4M | $287.9M | $318.4M |
| Operating income | $128.4M | $186.1M | $339.7M | $204.1M | $17.9M | $25.1M | $79.1M | $46.4M | $25.5M | $42.1M |
| Interest income | $7.2M | $21.1M | $13.0M | $3.0M | $1.5M | — | $32.3M | $2.3M | $4.3M | $11.4M |
| Interest expense | $47.2M | $31.8M | $46.9M | $56.8M | $37.3M | $33.8M | $59.4M | $27.8M | $21.6M | $21.1M |
| Income before taxes | $141.5M | $200.8M | $169.6M | $194.6M | $160.8M | −$27.1M | $28.1M | $53.2M | −$20.5M | $21.4M |
| Income taxes | $22.2M | $30.1M | $37.0M | $39.6M | $29.2M | −$10.9M | $13.1M | $11.9M | −$61.8M | $6.9M |
| Net income | $95.7M | $114.0M | $101.2M | $131.1M | $104.0M | $7.7M | $18.3M | $41.5M | $41.2M | $11.6M |
| EBITDA | $322.0M | $359.8M | $341.5M | $386.3M | $378.3M | $195.4M | $233.7M | $172.6M | $88.7M | $127.4M |
| EPS (diluted) | $3.24 | $3.47 | $3.44 | $4.05 | $3.06 | $0.08 | $1.30 | $1.81 | $1.41 | $0.41 |
| Gross margin | 6.5% | 6.1% | 5.6% | 3.9% | 3.5% | 5.0% | 6.3% | 9.8% | 8.5% | 9.2% |
| Operating margin | 1.2% | 1.7% | 2.3% | 1.2% | 0.1% | 0.3% | 1.0% | 1.5% | 0.7% | 1.1% |
| Net margin | 0.9% | 1.0% | 0.7% | 0.8% | 0.8% | 0.1% | 0.2% | 1.4% | 1.1% | 0.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.10B | $2.63B | $2.54B | $2.68B | $3.14B | $2.66B | $3.12B | $2.62B | $2.80B | $2.72B | $3.21B | $3.64B |
| Cost of revenue | $2.87B | $2.39B | $2.31B | $2.51B | $2.98B | $2.51B | $2.97B | $2.36B | $2.61B | $2.61B | $2.98B | $3.45B |
| Gross profit | $223.7M | $235.4M | $231.0M | $170.9M | $158.4M | $152.9M | $151.3M | $264.9M | $181.5M | $109.0M | $237.6M | $184.6M |
| Sales, general & admin | $173.8M | $144.7M | $150.5M | $172.6M | $134.6M | $145.8M | $147.2M | $120.5M | $116.6M | $119.4M | $132.7M | $126.3M |
| Total operating expenses | $173.8M | $144.7M | $150.5M | $172.6M | $134.6M | $145.8M | $144.8M | $120.5M | $116.6M | $119.4M | $132.7M | $126.3M |
| Operating income | $50.0M | $90.7M | $80.5M | −$1.7M | $23.8M | $7.1M | $6.5M | $144.4M | $64.9M | −$10.4M | $104.9M | $58.3M |
| Interest expense | $15.6M | $18.2M | $13.8M | $10.5M | $11.5M | $13.1M | $10.3M | $8.4M | $6.6M | $6.5M | $8.1M | $8.2M |
| Income before taxes | $67.3M | $33.9M | $87.6M | $25.8M | $24.8M | $3.2M | $67.2M | $62.2M | $57.3M | $14.0M | $91.8M | $38.4M |
| Income taxes | $13.4M | $4.6M | $16.5M | −$228,000 | $8.0M | −$2.1M | $13.1M | $10.7M | $4.9M | $1.3M | $13.3M | $7.9M |
| Net income | $56.6M | $33.2M | $67.4M | $20.1M | $7.9M | $284,000 | $45.1M | $27.4M | $36.0M | $5.6M | $51.2M | $9.7M |
| EBITDA | $51.6M | $86.2M | $134.7M | $69.0M | $69.4M | $50.6M | $116.8M | $104.2M | $97.4M | $54.8M | $131.2M | $77.8M |
| EPS (diluted) | $2.15 | $1.12 | $2.04 | $0.84 | $0.24 | $0.12 | $1.36 | $0.80 | $1.15 | $0.16 | $1.59 | $0.13 |
| Gross margin | 7.2% | 9.0% | 9.1% | 6.4% | 5.1% | 5.7% | 4.8% | 10.1% | 6.5% | 4.0% | 7.4% | 5.1% |
| Operating margin | 1.6% | 3.5% | 3.2% | −0.1% | 0.8% | 0.3% | 0.2% | 5.5% | 2.3% | −0.4% | 3.3% | 1.6% |
| Net margin | 1.8% | 1.3% | 2.7% | 0.8% | 0.3% | 0.0% | 1.4% | 1.0% | 1.3% | 0.2% | 1.6% | 0.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ANDE's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ANDE financial results
In fiscal year 2025 (ended December 31, 2025), Andersons reported revenue of $11.0 billion, down 2.2% from the year before. It had net income of $95.7 million (down 16.1%), a net profit margin of 0.9%. Diluted earnings per share came to $3.24. Over five years revenue grew at an average rate of 6.4% a year.
See the ANDE stock overview for the latest quote and news, or the ANDE chart for price history and technical indicators.
ANDE income statement FAQ
What is Andersons's annual revenue?
Andersons reported total revenue of $11.0 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.2% from $11.3 billion the previous year.
Is Andersons profitable?
Yes. Andersons reported net income of $95.7 million in fiscal 2025, a net profit margin of 0.9%; its operating margin was 1.2%.
What is Andersons's gross margin?
Andersons's gross margin was 6.5% in fiscal 2025: for every $100 of revenue, Andersons kept $6 after the direct cost of its products and services.
How fast is Andersons growing?
Revenue grew 6.4% a year on average over the last five fiscal years, from $8.1 billion to $11.0 billion.
What are Andersons's earnings per share?
Andersons earned $3.24 per diluted share in fiscal 2025, compared with $3.47 a year earlier.
When will Andersons report its next earnings?
Andersons is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Andersons's fiscal year end?
Andersons's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.