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Produces ethanol and high-protein animal feed and corn oil from corn at Midwest biorefineries, pivoting toward low-carbon fuels.
Produces ethanol and high-protein animal feed and corn oil from corn at Midwest biorefineries, pivoting toward low-carbon fuels.
Buys corn and sells ethanol, distillers grains and corn oil, so profit depends on the gap between those products' prices and the cost of corn and natural gas rather than on volume. It has been reshaping toward higher-protein feed and low-carbon fuel production that can qualify for US tax credits.
Moat: narrow (process know-how, scale). Proprietary fermentation technology yields higher-protein feed co-products, but ethanol remains a commodity business.
Headquarters: Omaha, Nebraska, US · Founded: 2004 · Employees: 642
Size Green Plains (GPRE) is a United States Materials company (Chemicals: Specialty) with a market value of $927M, the 2297th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.23 on 6 Nov 2026.
Performance Over six months the shares fell 27.3%, against -25.4% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue fell 21.5% over the last twelve months (peer median +6.3%); the operating margin is 7.0% (peer median 5.7%).
Valuation It trades at 7.4× forward earnings against a peer median of 27.5× (cheapest of 9).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (8.6% WACC).
Short interest Short interest is 18.7% of the free float (15 Oct 2026).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.88B | $2.10B | $2.45B | $3.30B | $3.66B |
| Revenue growth | — | -14% | -26% | -10% | — |
| Gross profit | $221M | $44.1M | $58.9M | $50.8M | $93.4M |
| EBITDA | $227M | $38.4M | $31.5M | $15.7M | $67.2M |
| Net income | $124M | -$121M | -$82.5M | -$93.4M | -$127M |
| Free cash flow | $118M | $64.4M | -$127M | -$51.7M | -$143M |
| Capital expenditure | $26.5M | $37.2M | $95.1M | $108M | $212M |
| Total debt | $549M | $465M | $649M | $677M | $711M |
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 |
|---|---|---|---|---|---|---|
| Green Plains GPRE | $927M | -27% | -22% | 7% | 7.4× | -1.0% |
| REX American Resources REX | $1.31B | -21% | +6% | 15% | 26.2× | -3.8% |
| Archer Daniels Midland ADM | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% |
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 | GPRE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | -11.5% | 11th highest of 21 |
| 6-month return | -27.3% | -25.4% | 9th lowest of 20 |
| Distance from 52-week high | -32.6% | -44.9% | 4th highest of 21 |
| Revenue growth (TTM) | -21.5% | +6.3% | 3rd lowest of 21 |
| Operating margin | 7.0% | 5.7% | 11th highest of 21 |
| Forward P/E | 7.4× | 27.5× | cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -1.0% | 23.4% | least demanding of 13 |
| Growth delivered (Del g) | +1.8% | +3.9% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | -2.7 pp | +15.9 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +0.3 pp | -3.5 pp | 7th highest of 21 |
| EV / EBITDA | 5.4× | 11.5× | cheapest of 6 |
| Net debt / EBITDA | 1.4× | 1.1× | 3rd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Green Plains GPRE | United States | $927M | -27% | -22% | 7% | 7.4× | -1.0% | +1.8% |
| Jiangsu Chengxing Phosph-Chemicals 600078.SS | China | $928M | -29% | +27% | 13% | n/a | 2.6% | +2.9% |
| Quechen Silicon Chemical 605183.SS | China | $926M | -12% | +7% | 19% | n/a | 2.0% | +16.1% |
| Changzhou Tronly New Electronic Materials 300429.SZ | China | $923M | -37% | +14% | -14% | n/a | 56.6% | +5.0% |
| Rastar Environmental Protection Materials 300834.SZ | China | $933M | -9% | -23% | 1% | n/a | 43.9% | 0.0% |
| Guangzhou Human New Material Science & Technology 301683.SZ | China | $918M | -25% | +20% | 38% | n/a | 11.3% | n/a |
| Zhejiang Oceanking Development 603213.SS | China | $938M | +1% | -17% | 0% | n/a | 38.3% | +17.9% |
| Shenzhen Wote Advanced Materials 002886.SZ | China | $906M | -15% | +10% | 4% | 68.2× | 31.3% | +12.2% |
| Sichuan Xinjinlu 000510.SZ | China | $906M | -32% | -4% | -15% | n/a | n/a | n/a |
| Longkou Union Chemical 301209.SZ | China | $904M | -39% | -3% | 9% | 336.5× | 36.9% | +1.6% |
| Henan Jindan Lactic Acid Technology 300829.SZ | China | $900M | +52% | +5% | 3% | 26.1× | n/a | n/a |
| Boai NKY Medical 300109.SZ | China | $896M | -32% | -17% | 15% | 32.5× | 19.9% | +3.9% |
| Compass Minerals International CMP | United States | $962M | -18% | +5% | 8% | 20.0× | 8.1% | +2.8% |
| Guangdong Sinoplast Adv Matl 301686.SZ | China | $962M | n/a | +7% | 19% | n/a | n/a | n/a |
| Sudarshan Chemical Industries SUDARSCHEM.NS | India | $893M | +10% | +90% | 4% | 28.9× | 27.0% | +39.5% |
| TETRA Technologies TTI | United States | $891M | -39% | +6% | 7% | 19.9× | n/a | n/a |
| Lihuayi Weiyuan Chemical 600955.SS | China | $978M | -39% | +18% | -8% | 17.7× | n/a | n/a |
| Jiujiang Shanshui Technology 301190.SZ | China | $983M | +32% | +54% | 19% | n/a | n/a | n/a |
| Zhejiang Wansheng 603010.SS | China | $872M | -25% | +19% | -26% | n/a | n/a | n/a |
| Hangjin Technology 000818.SZ | China | $988M | -35% | -29% | -8% | n/a | 18.9% | +3.2% |
| Hanking Gold International 3788.HK | Hong Kong | $862M | -26% | -19% | 8% | n/a | n/a | n/a |