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Andersons, Inc. (ANDE) Stock Fundamental Analysis & AI Rating 2026

ANDE Nasdaq Wholesale-Farm Product Raw Materials OH CIK: 0000821026
Updated This Month • Analysis: May 7, 2026 • SEC Data: 2026-03-31
Combined AI Rating
SELL
80% Confidence
NEUTRAL
STRONG SELL
82% Conf
HOLD
78% Conf

📊 ANDE Key Takeaways

Revenue: $2.6B
Net Margin: 1.3%
Free Cash Flow: $-445.4M
Current Ratio: 1.37x
Debt/Equity: 0.45x
EPS: $0.97
AI Rating: STRONG SELL with 82% confidence
Andersons, Inc. (ANDE) receives a SELL rating with 80% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.6B, net profit margin of 1.3%, and return on equity (ROE) of 2.6%, Andersons, Inc. demonstrates mixed fundamentals in the Market sector. Below is our complete ANDE stock analysis for 2026.

Is Andersons, Inc. (ANDE) a Good Investment?

Claude

Andersons exhibits a fundamental profitability crisis masked by commodity-driven revenue inflation: net income declined 19.8% YoY despite 619% revenue growth. Most critically, operating cash flow collapsed to -$393.7M while the company reported positive net income, indicating severe working capital deterioration and unsustainable inventory accumulation. With razor-thin operating margins (1.3%), negative free cash flow (-$445.4M), and only $72.4M in cash reserves, the business model is operationally insolvent.

ChatGPT

Andersons shows solid balance-sheet discipline and strong debt-servicing capacity, with moderate leverage, adequate liquidity, and healthy operating cash generation. However, the quality of recent growth looks mixed: revenue surged while net income declined, margins remain very thin, and free cash flow turned negative due to elevated capital spending. Fundamentally, this supports a neutral view until stronger earnings conversion and sustained cash flow improvement are evident.

Why Buy Andersons, Inc. Stock? ANDE Key Strengths

Claude
  • + Revenue growth of 619% demonstrates market demand and volume expansion capacity
  • + Moderate leverage with 0.45x Debt/Equity and 4.6x interest coverage provides near-term debt servicing ability
  • + Positive net income of $33.2M and EPS growth of 12.9% show accounting profitability
ChatGPT
  • + Moderate leverage with debt/equity of 0.45x and strong interest coverage of 19.3x supports financial resilience
  • + Positive operating cash flow of $177.00M indicates the core business is still generating cash despite cyclical pressures
  • + Current ratio of 1.41x and a sizable equity base of $1.24B provide a reasonable liquidity and capitalization cushion

ANDE Stock Risks: Andersons, Inc. Investment Risks

Claude
  • ! Operating cash flow of -$393.7M is severely negative, indicating inability to self-fund operations despite positive accounting earnings
  • ! Operating margin of only 1.3% provides zero margin of safety; any revenue decline immediately turns losses
  • ! Working capital crisis suggested by massive inventory buildup; reversal in commodity prices or inventory liquidation could trigger losses
  • ! Quick ratio of 0.62x combined with negative operating cash flow creates acute liquidity risk
  • ! ROE of 2.6% and ROA of 0.8% far below cost of capital, destroying shareholder value
ChatGPT
  • ! Net income fell 19.8% year over year despite a sharp revenue increase, suggesting weaker earnings quality or margin pressure
  • ! Profitability is structurally thin, with 6.5% gross margin, 1.3% operating margin, and 0.9% net margin leaving little room for execution errors
  • ! Free cash flow was negative at -$56.12M as capital expenditures exceeded operating cash flow, which could constrain flexibility if sustained

Key Metrics to Watch

Claude
  • * Operating cash flow trend and working capital changes (critical red flag if continues negative)
  • * Inventory levels and days inventory outstanding relative to commodity price movements
  • * Gross margin stability as revenue growth normalizes
ChatGPT
  • * Operating and net margin trend to confirm whether revenue growth is translating into durable profits
  • * Free cash flow and capital expenditure intensity to assess whether cash generation improves after the current investment cycle

Andersons, Inc. (ANDE) Financial Metrics & Key Ratios

Revenue
$2.6B
Net Income
$33.2M
EPS (Diluted)
$0.97
Free Cash Flow
$-445.4M
Total Assets
$3.9B
Cash Position
$72.4M

💡 AI Analyst Insight

Andersons, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

ANDE Profit Margin, ROE & Profitability Analysis

Gross Margin 6.1%
Operating Margin 1.3%
Net Margin 1.3%
ROE 2.6%
ROA 0.8%
FCF Margin -17.0%

ANDE vs Market Sector: How Andersons, Inc. Compares

How Andersons, Inc. compares to Market sector averages

Net Margin
ANDE 1.3%
vs
Sector Avg 12.0%
ANDE Sector
ROE
ANDE 2.6%
vs
Sector Avg 15.0%
ANDE Sector
Current Ratio
ANDE 1.4x
vs
Sector Avg 1.8x
ANDE Sector
Debt/Equity
ANDE 0.4x
vs
Sector Avg 0.7x
ANDE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Andersons, Inc. Stock Overvalued? ANDE Valuation Analysis 2026

Based on fundamental analysis, Andersons, Inc. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
2.6%
Sector avg: 15%
Net Profit Margin
1.3%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.45x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Andersons, Inc. Balance Sheet: ANDE Debt, Cash & Liquidity

Current Ratio
1.37x
Quick Ratio
0.62x
Debt/Equity
0.45x
Debt/Assets
66.6%
Interest Coverage
4.62x
Long-term Debt
$569.1M

ANDE Revenue & Earnings Growth: 5-Year Financial Trend

ANDE 5-year financial data: Year 2020: Revenue $1.5B, Net Income N/A, EPS $1.46. Year 2021: Revenue $2.2B, Net Income $18.3M, EPS $0.55. Year 2022: Revenue $3.0B, Net Income $7.7M, EPS $0.23. Year 2023: Revenue $3.2B, Net Income $104.0M, EPS $3.07. Year 2025: Revenue $1.6B, Net Income $101.2M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Andersons, Inc.'s revenue has shown modest growth of 7% over the 5-year period. The most recent EPS of $3.81 reflects profitable operations.

ANDE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-17.0%
Free cash flow / Revenue

ANDE Quarterly Earnings & Performance

Quarterly financial performance data for Andersons, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $370.8M $284.0K $0.01
Q3 2025 $231.9M $20.1M $0.59
Q2 2025 $492.5M $7.9M $0.23
Q1 2025 $341.4M $284.0K $0.01
Q1 2024 $648.8M $5.6M $0.16
Q3 2023 $635.4M $9.7M $0.28
Q2 2023 $956.0M $40.3M $1.18
Q1 2023 $677.9M $5.5M $0.16

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Andersons, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$393.7M
Cash generated from operations
Stock Buybacks
$15.4M
Shares repurchased (TTM)
Capital Expenditures
$51.7M
Investment in assets
Dividends Paid
$6.8M
Returned to shareholders

ANDE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Andersons, Inc. (CIK: 0000821026)

📋 Recent SEC Filings

Date Form Document Action
May 8, 2026 4 xslF345X06/wk-form4_1778262831.xml View →
May 8, 2026 4 xslF345X06/wk-form4_1778262673.xml View →
May 8, 2026 4 xslF345X06/wk-form4_1778257549.xml View →
May 8, 2026 4 xslF345X06/wk-form4_1778257506.xml View →
May 8, 2026 4 xslF345X06/wk-form4_1778257470.xml View →

Frequently Asked Questions about ANDE

What is the AI rating for ANDE?

Andersons, Inc. (ANDE) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (HOLD) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ANDE's key strengths?

Claude: Revenue growth of 619% demonstrates market demand and volume expansion capacity. Moderate leverage with 0.45x Debt/Equity and 4.6x interest coverage provides near-term debt servicing ability. ChatGPT: Moderate leverage with debt/equity of 0.45x and strong interest coverage of 19.3x supports financial resilience. Positive operating cash flow of $177.00M indicates the core business is still generating cash despite cyclical pressures.

What are the risks of investing in ANDE?

Claude: Operating cash flow of -$393.7M is severely negative, indicating inability to self-fund operations despite positive accounting earnings. Operating margin of only 1.3% provides zero margin of safety; any revenue decline immediately turns losses. ChatGPT: Net income fell 19.8% year over year despite a sharp revenue increase, suggesting weaker earnings quality or margin pressure. Profitability is structurally thin, with 6.5% gross margin, 1.3% operating margin, and 0.9% net margin leaving little room for execution errors.

What is ANDE's revenue and growth?

Andersons, Inc. reported revenue of $2.6B.

Does ANDE pay dividends?

Andersons, Inc. pays dividends, with $6.8M distributed to shareholders in the trailing twelve months.

Where can I find ANDE SEC filings?

Official SEC filings for Andersons, Inc. (CIK: 0000821026) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ANDE's EPS?

Andersons, Inc. has a diluted EPS of $0.97.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ANDE a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Andersons, Inc. has a SELL rating with 80% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ANDE stock overvalued or undervalued?

Valuation metrics for ANDE: ROE of 2.6% (sector avg: 15%), net margin of 1.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy ANDE stock in 2026?

Our dual AI analysis gives Andersons, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ANDE's free cash flow?

Andersons, Inc.'s operating cash flow is $-393.7M, with capital expenditures of $51.7M. FCF margin is -17.0%.

How does ANDE compare to other Market stocks?

Vs Default sector averages: Net margin 1.3% (avg: 12%), ROE 2.6% (avg: 15%), current ratio 1.37 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 7, 2026 | Data as of: 2026-03-31 | Powered by Claude AI