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Andersons, Inc. (ANDE) Stock Fundamental Analysis & AI Rating 2026

ANDE Nasdaq Wholesale-Farm Product Raw Materials OH CIK: 0000821026
Updated This Month • Analysis: Mar 19, 2026 • SEC Data: 2025-12-31
Combined AI Rating
HOLD
70% Confidence
STRONG AGREEMENT
HOLD
62% Conf
HOLD
78% Conf

📊 ANDE Key Takeaways

Revenue: $11.0B
Net Margin: 0.9%
Free Cash Flow: $-56.1M
Current Ratio: 1.41x
Debt/Equity: 0.45x
EPS: $0.82
AI Rating: HOLD with 62% confidence
Andersons, Inc. (ANDE) receives a HOLD rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $11.0B, net profit margin of 0.9%, and return on equity (ROE) of 7.7%, Andersons, Inc. demonstrates mixed fundamentals in the Market sector. Below is our complete ANDE stock analysis for 2026.

Is Andersons, Inc. (ANDE) a Good Investment?

Claude

Andersons demonstrates strong revenue growth (+619% YoY) driven by commodity price cycles in wholesale farm products, but this growth masks concerning profitability deterioration with net income declining 19.8% YoY despite massive top-line expansion. The company's negative free cash flow of -$56.1M, combined with thin margins (0.9% net margin) and capital expenditures exceeding operating cash flow, raises questions about growth quality and cash generation sustainability.

ChatGPT

Andersons shows solid balance-sheet discipline and strong debt-servicing capacity, with moderate leverage, adequate liquidity, and healthy operating cash generation. However, the quality of recent growth looks mixed: revenue surged while net income declined, margins remain very thin, and free cash flow turned negative due to elevated capital spending. Fundamentally, this supports a neutral view until stronger earnings conversion and sustained cash flow improvement are evident.

Why Buy Andersons, Inc. Stock? ANDE Key Strengths

Claude
  • + Exceptional revenue growth of 619% YoY indicating strong market demand in agricultural commodities
  • + Solid interest coverage ratio of 19.3x and moderate debt-to-equity of 0.45x reflecting manageable financial leverage
  • + Positive operating cash flow of $177.0M providing baseline liquidity despite negative FCF
ChatGPT
  • + Moderate leverage with debt/equity of 0.45x and strong interest coverage of 19.3x supports financial resilience
  • + Positive operating cash flow of $177.00M indicates the core business is still generating cash despite cyclical pressures
  • + Current ratio of 1.41x and a sizable equity base of $1.24B provide a reasonable liquidity and capitalization cushion

ANDE Stock Risks: Andersons, Inc. Investment Risks

Claude
  • ! Negative free cash flow of -$56.1M with CapEx ($233.1M) significantly exceeding operating cash flow, creating potential liquidity strain
  • ! Declining net income (-19.8% YoY) despite massive revenue growth suggests profit margins are being compressed by input costs or competitive pressure
  • ! Extremely thin net margin of 0.9% and gross margin of 6.5% typical of commodity distribution, leaving minimal cushion for operational challenges or margin compression
ChatGPT
  • ! Net income fell 19.8% year over year despite a sharp revenue increase, suggesting weaker earnings quality or margin pressure
  • ! Profitability is structurally thin, with 6.5% gross margin, 1.3% operating margin, and 0.9% net margin leaving little room for execution errors
  • ! Free cash flow was negative at -$56.12M as capital expenditures exceeded operating cash flow, which could constrain flexibility if sustained

Key Metrics to Watch

Claude
  • * Free cash flow trend and CapEx justification relative to earnings growth
  • * Gross margin expansion or contraction in upcoming quarters as commodity cycles evolve
  • * Debt levels and cash position given negative FCF and reliance on leverage for operations
ChatGPT
  • * Operating and net margin trend to confirm whether revenue growth is translating into durable profits
  • * Free cash flow and capital expenditure intensity to assess whether cash generation improves after the current investment cycle

Andersons, Inc. (ANDE) Financial Metrics & Key Ratios

Revenue
$11.0B
Net Income
$95.7M
EPS (Diluted)
$0.82
Free Cash Flow
$-56.1M
Total Assets
$3.7B
Cash Position
$98.3M

💡 AI Analyst Insight

Andersons, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

ANDE Profit Margin, ROE & Profitability Analysis

Gross Margin 6.5%
Operating Margin 1.3%
Net Margin 0.9%
ROE 7.7%
ROA 2.6%
FCF Margin -0.5%

ANDE vs Market Sector: How Andersons, Inc. Compares

How Andersons, Inc. compares to Market sector averages

Net Margin
ANDE 0.9%
vs
Sector Avg 12.0%
ANDE Sector
ROE
ANDE 7.7%
vs
Sector Avg 15.0%
ANDE Sector
Current Ratio
ANDE 1.4x
vs
Sector Avg 1.8x
ANDE Sector
Debt/Equity
ANDE 0.4x
vs
Sector Avg 0.7x
ANDE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Andersons, Inc. Stock Overvalued? ANDE Valuation Analysis 2026

Based on fundamental analysis, Andersons, Inc. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
7.7%
Sector avg: 15%
Net Profit Margin
0.9%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.45x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Andersons, Inc. Balance Sheet: ANDE Debt, Cash & Liquidity

Current Ratio
1.41x
Quick Ratio
0.60x
Debt/Equity
0.45x
Debt/Assets
65.2%
Interest Coverage
19.28x
Long-term Debt
$560.0M

ANDE Revenue & Earnings Growth: 5-Year Financial Trend

ANDE 5-year financial data: Year 2020: Revenue $1.5B, Net Income N/A, EPS $1.46. Year 2021: Revenue $2.2B, Net Income $18.3M, EPS $0.55. Year 2022: Revenue $3.0B, Net Income $7.7M, EPS $0.23. Year 2023: Revenue $3.2B, Net Income $104.0M, EPS $3.07. Year 2025: Revenue $1.6B, Net Income $101.2M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Andersons, Inc.'s revenue has shown modest growth of 7% over the 5-year period. The most recent EPS of $3.81 reflects profitable operations.

ANDE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-0.5%
Free cash flow / Revenue

ANDE Quarterly Earnings & Performance

Quarterly financial performance data for Andersons, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $231.9M $20.1M $0.59
Q2 2025 $492.5M $7.9M $0.23
Q1 2025 $341.4M $284.0K $0.01
Q1 2024 $648.8M $5.6M $0.16
Q3 2023 $635.4M $9.7M $0.28
Q2 2023 $956.0M $40.3M $1.18
Q1 2023 $677.9M $5.5M $0.16
Q3 2022 $457.6M $15.7M $0.46

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Andersons, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$177.0M
Cash generated from operations
Stock Buybacks
$15.4M
Shares repurchased (TTM)
Capital Expenditures
$233.1M
Investment in assets
Dividends Paid
$26.8M
Returned to shareholders

ANDE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Andersons, Inc. (CIK: 0000821026)

📋 Recent SEC Filings

Date Form Document Action
Apr 7, 2026 4 xslF345X06/wk-form4_1775592804.xml View →
Mar 26, 2026 4 xslF345X06/wk-form4_1774538191.xml View →
Mar 25, 2026 8-K ande-20260320.htm View →
Mar 19, 2026 4 xslF345X06/wk-form4_1773942221.xml View →
Mar 17, 2026 4 xslF345X05/wk-form4_1773767327.xml View →

Frequently Asked Questions about ANDE

What is the AI rating for ANDE?

Andersons, Inc. (ANDE) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ANDE's key strengths?

Claude: Exceptional revenue growth of 619% YoY indicating strong market demand in agricultural commodities. Solid interest coverage ratio of 19.3x and moderate debt-to-equity of 0.45x reflecting manageable financial leverage. ChatGPT: Moderate leverage with debt/equity of 0.45x and strong interest coverage of 19.3x supports financial resilience. Positive operating cash flow of $177.00M indicates the core business is still generating cash despite cyclical pressures.

What are the risks of investing in ANDE?

Claude: Negative free cash flow of -$56.1M with CapEx ($233.1M) significantly exceeding operating cash flow, creating potential liquidity strain. Declining net income (-19.8% YoY) despite massive revenue growth suggests profit margins are being compressed by input costs or competitive pressure. ChatGPT: Net income fell 19.8% year over year despite a sharp revenue increase, suggesting weaker earnings quality or margin pressure. Profitability is structurally thin, with 6.5% gross margin, 1.3% operating margin, and 0.9% net margin leaving little room for execution errors.

What is ANDE's revenue and growth?

Andersons, Inc. reported revenue of $11.0B.

Does ANDE pay dividends?

Andersons, Inc. pays dividends, with $26.8M distributed to shareholders in the trailing twelve months.

Where can I find ANDE SEC filings?

Official SEC filings for Andersons, Inc. (CIK: 0000821026) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ANDE's EPS?

Andersons, Inc. has a diluted EPS of $0.82.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ANDE a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Andersons, Inc. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ANDE stock overvalued or undervalued?

Valuation metrics for ANDE: ROE of 7.7% (sector avg: 15%), net margin of 0.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy ANDE stock in 2026?

Our dual AI analysis gives Andersons, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ANDE's free cash flow?

Andersons, Inc.'s operating cash flow is $177.0M, with capital expenditures of $233.1M. FCF margin is -0.5%.

How does ANDE compare to other Market stocks?

Vs Default sector averages: Net margin 0.9% (avg: 12%), ROE 7.7% (avg: 15%), current ratio 1.41 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI