The Andersons
Moves grain, supplies crop nutrients, and produces ethanol across a North American network.
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Profile
Merchandises grain, feed ingredients, and other commodities; operates elevators; and manufactures and distributes plant nutrients through Agribusiness. Renewables produces ethanol and co-products at four Midwestern plants and trades biofuel feedstocks, tying results to crop flows, fertilizer demand, commodity spreads, and renewable-fuel policy.
Merchandises corn, wheat, soybeans, feed ingredients, and other physical commodities through Agribusiness, which also operates grain elevators and manufactures, distributes, and retails plant nutrients. Its network is centered in the United States and Canada, with additional merchandising operations abroad, earning trading, logistics, elevation, and storage margins from growers and end users.
Produces ethanol and co-products at four Midwestern plants through Renewables and trades ethanol, co-products, and renewable feedstocks. Physical grain origination, storage, risk management, and logistics serve external customers and the fuel plants, linking the two segments. Results depend on harvest volumes, commodity basis and spreads, seasonal fertilizer demand, corn and fuel prices, plant utilization, and renewable-fuel mandates and tax policy.
Company facts
Categories
Key statistics
Year to date +21.7% · Average volume (30d) 338.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | BMO Capital | Reiterate | Outperform | $75 | $90 | |
| Aug 4, 2026 | Deutsche Bank | Target | $110 | |||
| Aug 4, 2026 | Bank of America Securities | Downgrade | Underperform | |||
| May 20, 2026 | UBS | Target | $90 | |||
| Feb 19, 2026 | BMO Capital | Reiterate | Outperform | $65 | $75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $1.48 | $1.66 | +12.2% | $3.28B | $3.10B | −5.5% | +6.61% |
| May 5, 2026Q1 FY26 | $0.70 | $1.12 | +60.0% | $2.71B | $2.63B | −2.9% | −13.95% |
| Feb 17, 2026Q4 FY25 | $1.56 | $1.98 | +26.9% | $3.28B | $2.54B | −22.7% | −3.54% |
| Nov 4, 2025Q3 FY25 | $1.52 | $0.84 | −44.7% | $3.28B | $2.68B | −18.4% | +4.46% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.66B | $3.14B | $2.68B | $2.54B | $2.63B | $3.10B | |
| Gross profit | $152.9M | $158.4M | $170.9M | $231.0M | $235.4M | $223.7M | |
| Operating income | $7.1M | $23.8M | −$1.7M | $80.5M | $90.7M | $50.0M | |
| Net income | $284.0K | $7.9M | $20.1M | $67.4M | $33.2M | $56.6M | |
| Diluted EPS | $0.01 | $0.23 | $0.59 | $1.97 | $0.97 | $1.65 | |
| Gross margin | 5.7% | 5.1% | 6.4% | 9.1% | 9.0% | 7.2% | |
| Operating margin | 0.3% | 0.8% | -0.1% | 3.2% | 3.5% | 1.6% |
Fiscal years (4-quarter sums)FY21 $12.61B · FY22 $17.33B · FY23 $14.75B · FY24 $11.26B · FY25 $11.01B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $66.5M · Total debt $900.8M · Total assets $3.47B · Shareholders' equity $1.32B
Dividends
Raised for 28 straight years — most recently to $0.20 from $0.195 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 22 | $0.20 | |
| Apr 1, 2026 | Apr 1 | Apr 22 | $0.20 | |
| Jan 2, 2026 | Jan 2 | Jan 23 | $0.20 | raised from $0.195 |
| Oct 1, 2025 | Oct 1 | Oct 22 | $0.195 | |
| Jul 1, 2025 | Jul 1 | Jul 22 | $0.195 | |
| Apr 1, 2025 | Apr 1 | Apr 22 | $0.195 | |
| Jan 2, 2025 | Jan 2 | Jan 23 | $0.195 | raised from $0.19 |
| Oct 1, 2024 | Oct 1 | Oct 22 | $0.19 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 34.05M · Float 32.62M · 95.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.25M | 18.36% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.45M | 7.19% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 2.36M | 6.92% | 13F | Aug 11, 2026 |
| Vanguard Capital Management | 1.70M | 5.00% | 13G | Jul 31, 2026 |
| Invesco Ltd. | 1.64M | 4.81% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 22, 2026 | Patrick E. Bowe | director | −3,534 | $80.53 |
| Jun 4, 2026 | Anne G. Rex | officer: VP, Strategy, Planning and Dev | −1,827 | $73.10 |
| May 5, 2026 | Patrick E. Bowe | director | −16,466 | $80.76 |
| Apr 30, 2026 | Patrick E. Bowe | director | −19,100 | $78.31 |
| Apr 29, 2026 | Patrick E. Bowe | director | −900 | $78.06 |
Peers
- Archer Daniels Midland
Broad overlap in grain merchandising, oilseeds, and ethanol
- Bunge
Global grain and oilseed processor overlapping agribusiness
- Green Plains
Ethanol, co-product, corn oil, and grain-trading overlap
- Nutrien
Crop-input giant across nutrients, agronomy, and fertilizer supply
- Valero Energy
Scaled ethanol and co-product producer in the U.S. Corn Belt
- Mosaic
Phosphate and potash supplier facing fertilizer channels
- CF Industries
Nitrogen fertilizer scale across crop-input channels
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Andersons | $64.33 | −0.33% | $2.20B | 12.5 | 10.7 | 0.2 | −1.2% |
| Archer Daniels Midland | $81.68 | +0.17% | $39.30B | 22.3 | 14.1 | 0.5 | +7.1% |
| Bunge | $115.30 | −0.13% | $22.19B | 22.4 | 10.8 | 0.2 | +88.3% |
| Green Plains | $14.66 | +0.07% | $1.03B | 9.5 | 8.7 | 0.6 | −19.3% |
| Nutrien | $73.84 | +0.44% | $35.29B | 14.9 | 13.7 | 1.3 | +0.3% |
| Valero Energy | $352.97 | +0.19% | $101.45B | 14.6 | 8.3 | 0.8 | +48.8% |
| Mosaic | $23.71 | +0.38% | $7.50B | 124.2 | 25.5 | 0.6 | −6.0% |
| CF Industries | $125.55 | −0.16% | $19.32B | 9.3 | 9.6 | 2.5 | +17.6% |
| Median | 14.9 | 10.8 | 0.6 | +7.1% |