10x Insights
Loading account…
Companies / Consumer Discretionary / Andersons, Inc.
ANDE

Andersons, Inc.

Consumer DiscretionaryWholesale
Ticker ANDEMAUMEE, OHFiscal year ends DecemberBook value per share $38.54Diluted shares 34.2M

The Andersons, Inc. (NASDAQ: ANDE) is a leading North American agriculture and renewable fuels company founded in 1947 and headquartered in Maumee, Ohio. The company operates through two primary reportable segments: Agribusiness and Renewables, supported by enterprise service functions. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$11.01B
−2.2% year over year
Last 12 mo $10.94B
1.00%
−0.7 percentage points
Last 12 mo 1.33%
$119.30M
−30.1% year over year
Last 12 mo $180.44M
8.98%
+0.6 percentage points
Last 12 mo 13.45%
Cash & financing
$177.00M
−46.6% year over year
Last 12 mo $321.94M
$-56.13M
−130.8% year over year
Last 12 mo $56.91M
0.70
Was 0.59× a year earlier
Last 12 mo 0.68
34.3M
No change, year over year
Last 12 mo 34.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Andersons, Inc. does

In the company’s own words

The Andersons, Inc. (NASDAQ: ANDE) is a leading North American agriculture and renewable fuels company founded in 1947 and headquartered in Maumee, Ohio. The company operates through two primary reportable segments: Agribusiness and Renewables, supported by enterprise service functions.

The Agribusiness segment represents a diversified operation focused on capturing profits through relationships with agricultural producers and end users as both supplier and customer. This division specializes in merchandising and managing logistics across a wide range of commodities, including whole grains, grain products, feed ingredients, and domestic fuel products. The company operates grain elevators across the United States and Canada where it earns income through commodity buying and selling, inventory conditioning for resale, and storage services. The Agribusiness segment also manufactures, distributes, and retails agricultural and plant nutrients, handling bulk fertilizers and producing specialized high-value nutrient products for industrial and consumer markets. Principal commodities sold include corn, wheat, and soybeans, with exported sales made both through intermediaries and direct shipments to foreign countries.

The Renewables segment produces, purchases, and sells ethanol and co-products through four ethanol plants located in Iowa, Indiana, Michigan, and Ohio with combined nameplate capacity of 405 million gallons. The segment also operates a merchandising and trade portfolio of ethanol, co-products, and other biofuels including renewable feedstocks. In July 2025, the company acquired the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC, consolidating full control of these four plants.

As of December 31, 2025, the company employed 2,137 people across approximately 180 locations in the United States, Canada, United Kingdom, Switzerland, Mexico, Romania, and Singapore. The company's website is www.andersonsinc.com with investor relations information available at https://investors.andersonsinc.com/home. The company competes on price, service, and reliability, with some competitors also serving as customers. The business model emphasizes capturing margins through commodity price management, basis optimization, and operational efficiency in grain handling and ethanol production.

Company details
Sector
Consumer Discretionary
Industry
Wholesale
Headquarters
MAUMEE, OH
Fiscal year end
December
CIK
821026
SIC
5150

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.75B$3.45B$8.66B$13.86B$19.06B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Andersons, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

287
funds hold it
0 of 35
superinvestors hold it
$1.22B
held by funds, at market
50.4%
of shares held by funds

Largest fund holders · Andersons, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.12%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.28%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Andersons, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Andersons, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Andersons, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.