The Andersons, Inc. (ANDE)

The Andersons Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	11,596	11,258	14,750	17,325	12,612	8,065
Revenue Growth (YoY)	2.19%	-23.68%	-14.86%	37.37%	56.39%	0.77%
Cost of Revenue	10,901	10,564	14,005	16,641	12,019	7,698
Gross Profit	695.27	693.93	745.36	684.16	592.7	366.2
Selling, General & Admin	587.32	500.09	491.22	456.55	422.12	376.69
Operating Expenses	588.45	501.22	492.26	457.56	423.13	377.7
Operating Income	106.82	192.71	253.1	226.61	169.57	-11.5
Interest Expense	-44.99	-31.76	-46.87	-56.85	-37.29	-33.78
Interest & Investment Income	10.71	21.09	13.01	3	1.53	-
Earnings From Equity Investments	-	-	-	-	4.84	0.64
Other Non Operating Income (Expenses)	30.57	8.22	11.15	0.86	12.56	13.34
EBT Excluding Unusual Items	103.11	190.26	230.4	173.62	151.21	-31.31
Merger & Restructuring Charges	-8.3	-2.4	-	-	-	-
Impairment of Goodwill	-	-	-0.69	-	-	-
Gain (Loss) on Sale of Investments	-	3.12	6.54	-	-	-
Gain (Loss) on Sale of Assets	-	-	5.78	1.69	14.66	1.31
Asset Writedown	-3.3	-	-86.47	-9	-8.95	-
Other Unusual Items	-	-	2.19	17.64	-	-
Pretax Income	121.14	200.76	169.56	194.58	160.77	-27.08
Income Tax Expense	18.83	30.06	37.03	39.63	29.23	-10.91
Earnings From Continuing Operations	102.31	170.7	132.53	154.95	131.54	-16.17
Earnings From Discontinued Operations	-	-	-	12.03	4.32	1.96
Net Income to Company	102.31	170.7	132.53	166.98	135.87	-14.22
Minority Interest in Earnings	-28.94	-56.69	-31.34	-35.9	-31.88	21.93
Net Income	73.37	114.01	101.19	131.08	103.99	7.71
Net Income to Common	73.37	114.01	101.19	131.08	103.99	7.71
Net Income Growth	-38.91%	12.67%	-22.80%	26.05%	1248.72%	-57.88%
Shares Outstanding (Basic)	34	34	34	34	33	33
Shares Outstanding (Diluted)	34	34	34	34	34	33
Shares Change (YoY)	-0.38%	-0.18%	-0.12%	1.68%	2.01%	0.28%
EPS (Basic)	2.15	3.35	3.00	3.89	3.12	0.23
EPS (Diluted)	2.13	3.32	2.94	3.81	3.07	0.23
EPS Growth	-38.89%	12.93%	-22.82%	24.18%	1240.00%	-59.27%
Free Cash Flow	233.83	182.32	796.31	147.38	-132.86	-179.32
Free Cash Flow Per Share	6.82	5.31	23.16	4.28	-3.92	-5.40
Dividend Per Share	0.775	0.760	0.740	0.720	0.700	0.700
Dividend Growth	3.33%	2.70%	2.78%	2.86%	-	2.94%
Gross Margin	6.00%	6.16%	5.05%	3.95%	4.70%	4.54%
Operating Margin	0.92%	1.71%	1.72%	1.31%	1.34%	-0.14%
Profit Margin	0.63%	1.01%	0.69%	0.76%	0.82%	0.10%
Free Cash Flow Margin	2.02%	1.62%	5.40%	0.85%	-1.05%	-2.22%
EBITDA	243.06	320.51	378.21	361.35	326.75	177.14
EBITDA Margin	2.10%	2.85%	2.56%	2.09%	2.59%	2.20%
D&A For EBITDA	136.24	127.8	125.11	134.74	157.17	188.64
EBIT	106.82	192.71	253.1	226.61	169.57	-11.5
EBIT Margin	0.92%	1.71%	1.72%	1.31%	1.34%	-0.14%
Effective Tax Rate	15.54%	14.97%	21.84%	20.37%	18.18%	-

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q