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← CockpitCompetitor Analysis › ANDE Andersons, Inc.Open in the cockpit ↗

Andersons, Inc.ANDECompetitor analysis, valuation and peers

United States · USD·Consumer Staples›Miscellaneous Commercial Services

Agribusiness company operating grain trading/storage, plant nutrient (fertilizer) and ethanol/renewables businesses.

Momentum weak 22
Mkt cap
$1.87B
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$25.7M
20-day average traded
Fwd P/E
8.7×
forward earnings
ROIC−WACC
-1.7 pp
WACC 7.1%
Hurdle
n/a
no reverse DCF
Next earnings
102 days
16 Feb 2027
Close · USD$55.12
1D-0.1%
1W-14.3%
1M-17.1%
3M-15.8%
6M-22.9%
YTD+3.7%
1Y+13.7%
ATR %4.7%
Beta-0.22
52w lowhigh32.9% off high

What Andersons does

Agribusiness company operating grain trading/storage, plant nutrient (fertilizer) and ethanol/renewables businesses.

Grain and fertilizer are volume businesses with thin per-unit margins: it earns from storing, shipping and trading grain and distributing nutrients to farmers, so profit follows crop size, price swings and basis, the local gap to futures prices. Ethanol earnings depend on the spread between corn and fuel prices.

Products and services

  • Grain merchandising/storage
  • Plant nutrient (fertilizer) distribution
  • Ethanol/renewable fuels production
  • Rail car leasing/logistics

Customers

  • Farmers
  • Grain processors/exporters
  • Fuel blenders

Where it sits in the supply chain

  • Consumer staples/agribusiness
  • Grain, plant nutrient & renewables
  • Grain merchandising, fertilizer…

What could go right

  • Global grain trade volume growth
  • Renewable fuels (ethanol/biodiesel) demand

What could go wrong

  • Commodity price volatility
  • Weather/crop yield risk

Moat: none (scale, distribution). Scaled grain-handling and fertilizer distribution network, though commodity-agribusiness margins are thin and cyclical.

Headquarters: Maumee, Ohio · Founded: 1947 · Employees: 2,137

Named competitors

Andersons at a glance

Size Andersons (ANDE) is a United States Consumer Staples company (Miscellaneous Commercial Services) with a market value of $1.87B, the 1842nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $55.12 on 6 Nov 2026.

Performance Over six months the shares fell 22.9%, against +8.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue fell 4.3% over the last twelve months (peer median +2.5%); the operating margin is 1.5% (peer median 6.3%).

Valuation It trades at 8.7× forward earnings against a peer median of 13.2× (6th cheapest of 19).

Capital Return on invested capital runs 1.7 points below its cost of capital (7.1% WACC).

Short interest Short interest is 4.2% of the free float (15 Oct 2026).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 113ANDE 77
Six months, rebased to 100: Andersons against the median of its 20 peers (local-currency closes).

Andersons financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$11.1B$11.0B$11.3B$14.8B$17.3B
Revenue growth—-2%-24%-15%—
Gross profit$763M$697M$687M$832M$671M
EBITDA$304M$245M$314M$465M$339M
Net income$204M$95.7M$114M$101M$104M
Free cash flow-$294M-$56.1M$182M$796M$139M
Capital expenditure$258M$233M$149M$150M$140M
Total debt$1.09B$971M$902M$688M$938M

Quarterly statements and history in the cockpit →

Andersons competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%+20%WMKRLXCCUUTZJJSFNOMDENRHLFTRLVSAMYSWYIMKTAFLOCENTTPBDOLEGRDNAGRODMCANDE6-month return →1-month return →
Up and to the right = strong over both horizons. Andersons is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%0×20×40×60×RLXCCUUTZJJSFNOMDENRTRLVSAMCENTTPBDOLEGRDNANDERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Andersons is the large dot.

Andersons competitors and peer comparison

Head to head with its named competitors (ANDE vs ADM vs BG vs CTVA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Andersons ANDE$1.87B-23%-4%1%8.7×n/a
Archer Daniels Midland ADM$33.3B-9%+1%3%12.0×8.0%
Bunge Global BG$19.0B-20%+55%4%9.2×n/a
Corteva CTVA$7.94B-85%+4%17%30.4×-16.6%
Green Plains GPRE$927M-27%-22%7%7.4×-1.0%

How Andersons compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Andersons against its 20 peers (data as of 6 Nov 2026)
MeasureANDEPeer medianRank in peer set
1-month return-17.1%+8.4%lowest of 21
6-month return-22.9%+8.2%5th lowest of 21
Distance from 52-week high-32.9%-15.7%6th lowest of 21
Revenue growth (TTM)-4.3%+2.5%2nd lowest of 20
Operating margin1.5%6.3%lowest of 20
Forward P/E8.7×13.2×6th cheapest of 19
ROIC minus cost of capital-1.7 pp+0.3 pp5th lowest of 21
Net debt / EBITDA3.4×2.5×7th most indebted of 17

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Andersons ANDEUnited States$1.87B-23%-4%1%8.7×n/an/a
Weis Markets WMKUnited States$1.92B+10%+4%2%n/a4.3%+3.8%
RLX Technology, Inc. Sponsored ADR RLXUnited States$2.00B-23%+59%13%12.6×-2.1%-1.9%
Compania Cervecerias Unidas S.A. Sponsored ADR CCUUnited States$2.02B-9%+6%7%13.7×0.4%+5.5%
UTZ Brands UTZUnited States$2.05B+90%+2%4%17.9×31.8%+8.3%
J & J Snack Foods JJSFUnited States$1.68B+18%-5%6%24.1×6.8%+9.1%
Nomad Foods NOMDUnited States$1.64B+24%+3%13%7.3×-4.1%+3.6%
Energizer ENRUnited States$1.63B+26%+2%16%7.2×-5.2%+1.5%
Herbalife HLFUnited States$1.60B+7%+6%9%5.4×-14.8%-1.9%
Trulieve Cannabis TRLVUnited States$2.23B+31%-4%14%31.1×13.5%+17.8%
Boston Beer SAMUnited States$2.24B+12%-4%5%21.0×6.5%+2.5%
Yesway YSWYUnited States$1.56B-4%n/an/a21.2×n/an/a
Ingles Markets IMKTAUnited States$1.53B-5%+1%3%n/a-1.4%+3.0%
Chagee Holdings Limited Unsponsored ADR CHAUnited States$2.44B+19%0%11%7.9×-4.1%+190.8%
Flowers Foods FLOUnited States$1.42B-20%+2%6%8.8×-7.6%+3.7%
Central Garden & Pet CENTUnited States$2.64B+25%-1%9%16.0×-4.0%+3.0%
Turning Point Brands TPBUnited States$1.32B-29%+20%17%71.8×11.0%+2.7%
Dole DOLEUnited States$1.31B-7%+8%2%10.6×4.1%+16.1%
Guardian Pharmacy Services GRDNUnited States$2.68B+17%+10%6%30.6×4.1%+16.8%
Adecoagro AGROUnited States$1.30B-31%+7%2%5.3×37.5%+12.1%
Del Monte DMCUnited States$1.29B-27%+1%4%12.1×n/an/a

Questions

Who are Andersons's main competitors?
Named competitors: Archer-Daniels-Midland (ADM), Bunge Global (BG), Corteva (CTVA), Green Plains (GPRE). The cockpit's measured peer set (sector in the same market, nearest in size) also includes Weis Markets (WMK), RLX Technology, Inc. Sponsored ADR (RLX), Compania Cervecerias Unidas S.A. Sponsored ADR (CCU), UTZ Brands (UTZ), J & J Snack Foods (JJSF), Nomad Foods (NOMD).
Is Andersons expensive compared with its peers?
On forward p/e it trades at 8.7× against a peer median of 13.2×, 6th cheapest of 19 in its peer set.
How has Andersons stock performed?
Over six months to 6 Nov 2026 the shares returned -22.9% against +8.2% for the median peer; over one year +13.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.