The Andersons, Inc. (ANDE) Key Metrics
ANDE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.21B
- Enterprise value
- $3.12B
- P/E (TTM)
- 12.5 10-yr median 20.0
- Forward P/E
- 20.9
- PEG ratio
- 0.89
- Price / sales
- 0.2 10-yr median 0.1
- Price / book
- 1.7 10-yr median 1.0
- EV / EBITDA
- 7.7 10-yr median 8.7
- Dividend yield
- 1.23% $0.80 a year
- Beta
- 0.66
ANDE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsANDE valuation Price multiples at each fiscal year-end price.
ANDE returns How much profit the business earns on the capital it uses.
ANDE per-share figures Results divided by the shares outstanding at year-end.
ANDE financial health Debt, liquidity and how easily interest is covered.
ANDE efficiency & capital use Working capital cycle and where the cash goes.
ANDE valuation history
ANDE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ANDE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ANDE cash returned to shareholders
ANDE price vs earnings per share
ANDE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.82B | $1.39B | $1.98B | $1.20B | $1.31B | $821.6M | $826.4M | $849.3M | $879.0M | $1.26B |
| Enterprise value | $2.76B | $1.71B | $2.00B | $2.00B | $2.26B | $2.17B | $2.07B | $1.55B | $1.34B | $1.68B |
| P/E ratio | 19.0 | 12.2 | 19.6 | 9.2 | 12.6 | 106.6 | 45.1 | 20.5 | 21.3 | 109.0 |
| Price / sales | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.3 |
| Price / book | 1.5 | 1.0 | 1.5 | 1.0 | 1.2 | 0.9 | 0.8 | 1.0 | 1.1 | 1.6 |
| Price / free cash flow | — | 7.6 | 2.5 | 8.2 | — | — | 10.6 | — | — | — |
| Price / operating cash flow | 10.3 | 4.2 | 2.1 | 4.2 | — | — | 2.4 | — | 11.7 | 31.9 |
| EV / sales | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.5 | 0.4 | 0.4 |
| EV / EBITDA | 8.6 | 4.7 | 5.9 | 5.2 | 6.0 | 11.1 | 8.8 | 9.0 | 15.1 | 13.1 |
| EV / free cash flow | — | 9.4 | 2.5 | 13.6 | — | — | 26.5 | — | — | — |
| Earnings yield | 5.3% | 8.2% | 5.1% | 10.9% | 7.9% | 0.9% | 2.2% | 4.9% | 4.7% | 0.9% |
| Free cash flow yield | −3.1% | 13.1% | 40.2% | 12.2% | −10.1% | −21.8% | 9.4% | −40.6% | −11.6% | −9.8% |
| Dividend yield | 1.5% | 1.9% | 1.3% | 2.0% | 1.8% | 2.8% | 2.7% | 2.2% | 2.1% | 1.4% |
| Shareholder yield (dividends + buybacks) | 2.3% | 2.1% | 1.4% | 3.1% | 1.8% | 3.0% | 2.7% | 2.2% | 2.1% | 1.4% |
| Share price at fiscal year-end | $53.17 | $40.52 | $57.54 | $34.99 | $38.71 | $24.51 | $25.28 | $29.89 | $31.15 | $44.70 |
| Per share | ||||||||||
| Revenue per share | $322.05 | $327.82 | $428.55 | $503.58 | $372.53 | $240.58 | $249.92 | $107.18 | $130.63 | $138.79 |
| Earnings per share | $2.80 | $3.32 | $2.94 | $3.81 | $3.07 | $0.23 | $0.56 | $1.46 | $1.46 | $0.41 |
| Operating cash flow per share | $5.18 | $9.65 | $27.51 | $8.35 | −$1.51 | −$2.22 | $10.66 | −$1.25 | $2.67 | $1.40 |
| Free cash flow per share | −$1.64 | $5.31 | $23.14 | $4.28 | −$3.92 | −$5.35 | $2.39 | −$12.15 | −$3.63 | −$4.36 |
| Cash per share | $2.88 | $16.36 | $18.71 | $3.35 | $6.39 | $0.87 | $1.68 | $0.80 | $1.24 | $2.21 |
| Book value per share | $36.41 | $39.78 | $37.27 | $34.84 | $31.68 | $28.69 | $29.78 | $30.86 | $29.11 | $27.96 |
| Tangible book value per share | $30.82 | $34.04 | $31.07 | $28.15 | $24.40 | $20.59 | $20.28 | $27.16 | $24.90 | $21.95 |
| Dividends per share | $0.79 | $0.77 | $0.74 | $0.72 | $0.70 | $0.69 | $0.68 | $0.66 | $0.64 | $0.61 |
| Capex per share | $6.82 | $4.34 | $4.37 | $4.06 | $2.42 | $3.13 | $8.27 | $10.90 | $6.29 | $5.76 |
| Debt per share | $30.51 | $25.52 | $19.33 | $26.52 | $34.44 | $41.15 | $39.61 | $25.44 | $17.52 | $16.75 |
| Shares outstanding | 34.2M | 34.3M | 34.4M | 34.4M | 33.9M | 33.5M | 32.7M | 28.4M | 28.2M | 28.3M |
| Change in shares outstanding | −0.5% | −0.2% | +0.0% | +1.6% | +1.0% | +2.5% | +15.1% | +0.7% | −0.2% | −0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.3% | 8.6% | 8.2% | 11.5% | 10.2% | 0.8% | 2.0% | 4.9% | 5.1% | 1.5% |
| Return on invested capital (ROIC) | 5.6% | 10.6% | 16.1% | 8.1% | 0.7% | 0.9% | 2.2% | 2.5% | 1.6% | 2.4% |
| Return on assets (ROA) | 2.4% | 2.9% | 2.4% | 2.9% | 2.4% | 0.2% | 0.6% | 1.8% | 1.9% | 0.5% |
| Return on tangible assets | 2.7% | 2.9% | 2.8% | 3.0% | 2.4% | 0.2% | 0.5% | 1.8% | 2.0% | 0.6% |
| Free cash flow margin | −0.5% | 1.6% | 5.4% | 0.9% | −1.1% | −2.2% | 1.0% | −11.3% | −2.8% | −3.1% |
| Income quality (OCF / net income) | 1.85 | 2.91 | 9.36 | 2.19 | −0.49 | −9.65 | 19.04 | −0.86 | 1.83 | 3.41 |
| Financial health | ||||||||||
| Total debt | $1.04B | $876.2M | $665.3M | $912.4M | $1.17B | $1.38B | $1.29B | $722.8M | $494.5M | $473.6M |
| Cash & short-term investments | $98.3M | $561.8M | $643.9M | $115.3M | $216.4M | $29.1M | $54.9M | $22.6M | $34.9M | $62.6M |
| Net debt | $944.7M | $314.4M | $21.4M | $797.1M | $949.4M | $1.35B | $1.24B | $700.2M | $459.6M | $411.0M |
| Debt / equity | 0.84 | 0.64 | 0.52 | 0.76 | 1.09 | 1.43 | 1.33 | 0.82 | 0.60 | 0.60 |
| Debt / assets | 0.28 | 0.21 | 0.17 | 0.20 | 0.26 | 0.32 | 0.33 | 0.30 | 0.23 | 0.21 |
| Net debt / EBITDA | 2.93 | 0.87 | 0.06 | 2.06 | 2.51 | 6.91 | 5.31 | 4.06 | 5.18 | 3.23 |
| Current ratio | 1.41 | 1.65 | 1.72 | 1.37 | 1.37 | 1.25 | 1.35 | 1.23 | 1.35 | 1.32 |
| Quick ratio | 0.60 | 0.90 | 1.00 | 0.69 | 0.63 | 0.58 | 0.54 | 0.40 | 0.47 | 0.47 |
| Interest coverage | 2.7 | 5.9 | 7.2 | 3.6 | 0.5 | 0.7 | 1.3 | 1.7 | 1.2 | 2.0 |
| Working capital | $690.0M | $1.12B | $1.17B | $944.6M | $908.4M | $484.7M | $505.4M | $189.8M | $260.4M | $258.4M |
| Invested capital | $2.19B | $1.68B | $1.30B | $2.00B | $2.02B | $2.31B | $2.21B | $1.58B | $1.28B | $1.20B |
| Tangible asset value | $1.10B | $1.40B | $1.30B | $1.20B | $1.06B | $889.0M | $885.0M | $771.6M | $702.7M | $620.7M |
| Net current asset value | −$46.2M | $328.8M | $468.3M | $287.7M | $110.8M | −$695.1M | −$759.7M | −$492.0M | −$341.6M | −$384.0M |
| Graham number | $47.90 | $54.51 | $49.66 | $54.65 | $46.79 | $12.19 | $19.37 | $31.84 | $30.93 | $16.06 |
| Graham net-net per share | −$33.71 | −$21.63 | −$15.67 | −$36.64 | −$44.64 | −$58.31 | −$50.86 | −$34.91 | −$29.91 | −$31.55 |
| Capital allocation | ||||||||||
| Dividends paid | $26.8M | $26.3M | $25.4M | $24.6M | $23.7M | $23.0M | $22.1M | $18.6M | $18.2M | $17.4M |
| Share buybacks (net) | $15.4M | $2.3M | $1.7M | $12.7M | $0 | $1.7M | $0 | $0 | $377,000 | $0 |
| Dividend payout ratio | 28.1% | 23.0% | 25.1% | 18.8% | 22.8% | 298.4% | 120.8% | 44.9% | 44.1% | 149.7% |
| Dividends + buybacks / free cash flow | — | 15.7% | 3.4% | 25.3% | — | — | 28.3% | — | — | — |
| Capex / revenue | 2.1% | 1.3% | 1.0% | 0.8% | 0.6% | 1.3% | 3.3% | 10.2% | 4.8% | 4.2% |
| Capex / operating cash flow | 131.7% | 45.0% | 15.9% | 48.7% | — | — | 77.6% | — | 235.9% | 411.8% |
| Capex / depreciation | 1.75 | 1.17 | 1.20 | 1.04 | 0.46 | 0.56 | 1.85 | 3.43 | 2.06 | 1.93 |
| Stock-based compensation / revenue | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% |
| SG&A / revenue | 5.5% | 4.5% | 3.3% | 2.6% | 3.4% | 4.7% | 5.0% | 8.5% | 7.9% | 8.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 23.5 | 24.8 | 24.9 | 22.0 | 21.4 | 26.7 | 16.6 | 23.4 | 18.7 | 17.0 |
| Days of inventory on hand | 47.0 | 42.4 | 38.0 | 38.9 | 46.6 | 58.7 | 44.4 | 89.0 | 72.0 | 73.2 |
| Days payables outstanding | 34.9 | 36.3 | 32.5 | 28.7 | 32.3 | 43.5 | 31.8 | 64.2 | 58.7 | 64.0 |
| Cash conversion cycle (days) | 35.6 | 30.8 | 30.4 | 32.1 | 35.7 | 41.8 | 29.1 | 48.2 | 32.0 | 26.2 |
| Receivables turnover | 15.54 | 14.74 | 14.67 | 16.63 | 17.08 | 13.70 | 21.97 | 15.60 | 19.51 | 21.47 |
| Payables turnover | 10.47 | 10.05 | 11.23 | 12.70 | 11.30 | 8.38 | 11.46 | 5.69 | 6.22 | 5.70 |
| Inventory turnover | 7.76 | 8.62 | 9.60 | 9.39 | 7.83 | 6.22 | 8.22 | 4.10 | 5.07 | 4.98 |
| Asset turnover | 2.81 | 2.82 | 3.49 | 3.78 | 2.85 | 1.97 | 2.60 | 1.34 | 1.68 | 1.71 |
| Average receivables | $708.5M | $763.5M | $1.01B | $1.04B | $738.3M | $588.8M | $371.8M | $195.3M | $189.0M | $182.8M |
| Average payables | $983.1M | $1.05B | $1.24B | $1.31B | $1.08B | $913.9M | $667.8M | $483.1M | $542.7M | $625.3M |
| Average inventory | $1.33B | $1.23B | $1.45B | $1.77B | $1.55B | $1.23B | $930.7M | $669.8M | $665.7M | $715.1M |
| Intangibles / total assets | 5.2% | 4.8% | 5.5% | 5.0% | 5.4% | 6.4% | 8.0% | 4.4% | 5.5% | 7.6% |
Computed from ANDE's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ANDE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Andersons traded at 19.0 times earnings, against a 10-year median of 20.0. Based on the latest twelve months, the trailing P/E is 12.5 and the forward P/E is 20.9. Andersons earned a return on equity of 7.3% and a return on invested capital of 5.6% in fiscal 2025. It ended the year with $1.0 billion of debt and $98.3 million in cash and short-term investments, net debt of $944.7 million. It returned $42.2 million to shareholders: $26.8 million in dividends and $15.4 million in share buybacks. The share count rose 20.9% from 28.3M to 34.2M over 9 years.
See the ANDE income statement, the ANDE chart for price history, or the ANDE stock overview for the latest quote and news.
ANDE key metrics FAQ
What is Andersons's P/E ratio?
Andersons's trailing P/E ratio is 12.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.9. At the end of fiscal 2025 it was 19.0, compared with a 10-year median of 20.0.
What is Andersons's EV/EBITDA?
Andersons's enterprise value was 8.6 times EBITDA at the end of fiscal 2025 (enterprise value $2.8 billion, EBITDA $322.0 million); the current EV/EBITDA is 7.7.
What is Andersons's return on equity?
Andersons's return on equity (ROE) was 7.3% in fiscal 2025: net income of $95.7 million on average shareholders' equity of $1.3 billion.
What is Andersons's ROIC?
Andersons's return on invested capital was 5.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Andersons have?
Andersons had total debt of $1.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.84 and $944.7 million of net debt (2.93 times EBITDA).
What is Andersons's dividend yield?
Andersons's forward dividend yield is 1.23%. Andersons paid $26.8 million in dividends in fiscal 2025 ($0.79 per share), a payout ratio of 28.1%.
Does Andersons buy back its shares?
Yes. Andersons spent $15.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.5% over the year, to 34.2M..
What is Andersons's free cash flow yield?
Andersons generated -$56.1 million of free cash flow in fiscal 2025, a free cash flow yield of −3.1% on its market value at year-end ($1.8 billion).
What is Andersons's current ratio?
Andersons's current ratio was 1.41 at the end of fiscal 2025: current assets were 1.41 times current liabilities.