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US independent tax, valuation and financial advisory firm serving individuals, family offices, businesses and institutions.
US independent tax, valuation and financial advisory firm serving individuals, family offices, businesses and institutions.
Is paid professional fees, billed by the hour or as fixed engagement fees, so revenue tracks the number of professionals and how busy they are, with tax work for individuals and businesses at its core. Andersen Global, an association of independent member firms abroad, extends its reach without owning them. Former Arthur Andersen tax professionals founded it in 2002.
Moat: narrow (brand, distribution). Rebuilt from the Arthur Andersen name with a global affiliate network of independent tax/legal firms.
Headquarters: San Francisco, California, US · Founded: 2002 · Employees: 2,300
Size Andersen (ANDG) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $7.34B, the 938th largest of 3,117 United States companies the cockpit tracks. Shares closed at $65.00 on 6 Nov 2026.
Performance Over six months the shares gained 78.0%, against +0.2% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 17.9% over the last twelve months (peer median +11.2%); the operating margin is 14.5% (peer median 14.6%).
Valuation It trades at 32.4× forward earnings against a peer median of 17.3× (most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 14.6 points above its cost of capital (8.8% WACC).
Short interest Short interest is 18.1% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $913M | $839M | $732M | $639M |
| Revenue growth | — | +15% | +14% | — |
| Gross profit | $312M | $235M | $261M | $232M |
| EBITDA | $142M | $74.3M | $138M | $125M |
| Net income | $108M | -$2.32M | $135M | $119M |
| Free cash flow | $168M | $174M | $144M | $113M |
| Capital expenditure | $21.0M | $11.1M | $9.22M | $5.50M |
| Total debt | $414M | $461M | $108M | $111M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Andersen ANDG | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% |
| CBIZ CBZ | n/a | +71% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ANDG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.6% | +6.4% | 5th highest of 21 |
| 6-month return | +78.0% | +0.2% | highest of 21 |
| Distance from 52-week high | -5.0% | -18.4% | 5th highest of 21 |
| Revenue growth (TTM) | +17.9% | +11.2% | 4th highest of 21 |
| Operating margin | 14.5% | 14.6% | 11th highest of 21 |
| Forward P/E | 32.4× | 17.3× | most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 29.0% | 4.8% | most demanding of 18 |
| Growth delivered (Del g) | +18.0% | +13.0% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | +11.0 pp | -18.4 pp | 3rd most demanding of 18 |
| ROIC minus cost of capital | +14.6 pp | +4.3 pp | 6th highest of 20 |
| EV / EBITDA | 59.1× | 11.1× | most expensive of 19 |
| Net debt / EBITDA | 1.7× | 1.2× | 9th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Service Corporation International SCI | United States | $10.0B | -5% | +3% | 22% | 17.5× | 3.4% | +4.2% |
| Life Time LTH | United States | $10.6B | +48% | +13% | 17% | 26.7× | n/a | n/a |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |