The Andersons, Inc. (ANDE) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Food Distribution
EV/EBITDA
↓
12.49
↑+66% vs avg
5yr avg: 7.54
30Y Low4.0·High33.1
P/FCF
↓
N/A
—
5yr avg: 6.10
30Y Low0.5·High51.0
P/B Ratio
↑
1.81
↑+66% vs avg
5yr avg: 1.09
30Y Low0.7·High2.6
ROE
↓
6.6%
-15% vs avg
5yr avg: 7.8%
30Y Low-2%·High22%
Debt/EBITDA
↓
3.98
+18% vs avg
5yr avg: 3.36
30Y Low1.4·High9.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ANDE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Andersons, Inc. trades at 24.4x earnings, 68% above its 5-year average of 14.5x, sitting at the 90th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a premium of 24%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.8B | $1.4B | $2.0B | $1.2B | $1.3B | $822M | $826M | $849M | $879M | $1.3B |
| Enterprise Value | $3.3B | $2.8B | $1.7B | $2.0B | $2.0B | $2.3B | $2.2B | $2.1B | $1.5B | $1.3B | $1.7B |
| P/E Ratio → | 24.37 | 18.99 | 12.20 | 19.57 | 9.18 | 12.61 | 106.57 | 45.96 | 20.47 | 21.34 | 109.02 |
| P/S Ratio | 0.21 | 0.17 | 0.12 | 0.13 | 0.07 | 0.10 | 0.10 | 0.10 | 0.28 | 0.24 | 0.32 |
| P/B Ratio | 1.81 | 1.41 | 0.87 | 1.31 | 0.84 | 1.00 | 0.71 | 0.69 | 0.92 | 1.06 | 1.57 |
| P/FCF | — | — | 7.63 | 2.49 | 8.17 | — | — | 10.58 | — | — | — |
| P/OCF | 13.13 | 10.27 | 4.20 | 2.09 | 4.19 | — | — | 2.37 | — | 11.68 | 31.93 |
P/E links to full P/E history page with 30-year chart
ANDE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Andersons, Inc.'s enterprise value stands at 12.5x EBITDA, 66% above its 5-year average of 7.5x. The Consumer Defensive sector median is 11.4x, placing the stock at a 9% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.25 | 0.15 | 0.14 | 0.12 | 0.18 | 0.27 | 0.25 | 0.51 | 0.36 | 0.43 |
| EV / EBITDA | 12.49 | 10.55 | 5.43 | 4.31 | 5.91 | 11.48 | 10.16 | 9.17 | 11.34 | 11.97 | 13.25 |
| EV / EBIT | 25.45 | 14.64 | 7.35 | 9.25 | 7.95 | 11.34 | 320.43 | 23.61 | 18.83 | 575.03 | 38.86 |
| EV / FCF | — | — | 9.36 | 2.51 | 13.58 | — | — | 26.46 | — | — | — |
ANDE Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Andersons, Inc. earns an operating margin of 1.2%, roughly in line with the Consumer Defensive sector average. Operating margins have compressed from 2.3% to 1.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.6% is modest, trailing the sector median of 6.8%. ROIC of 4.6% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.5% | 6.5% | 6.1% | 5.6% | 3.9% | 3.5% | 5.0% | 6.3% | 9.8% | 8.5% | 9.2% |
| Operating Margin | 1.2% | 1.2% | 1.7% | 2.3% | 1.2% | 0.1% | 0.3% | 1.0% | 1.5% | 0.7% | 1.1% |
| Net Profit Margin | 0.9% | 0.9% | 1.0% | 0.7% | 0.8% | 0.8% | 0.1% | 0.2% | 1.4% | 1.1% | 0.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 6.6% | 7.3% | 6.9% | 9.6% | 8.4% | 0.7% | 1.7% | 4.7% | 5.0% | 1.4% |
| ROA | 2.4% | 2.4% | 2.9% | 2.4% | 2.9% | 2.4% | 0.2% | 0.6% | 1.8% | 1.9% | 0.5% |
| ROIC | 4.6% | 4.6% | 8.1% | 13.5% | 6.8% | 0.6% | 0.8% | 2.9% | 2.4% | 1.5% | 2.6% |
| ROCE | 5.8% | 5.8% | 8.1% | 15.8% | 9.7% | 0.8% | 1.0% | 3.9% | 3.1% | 1.8% | 2.9% |
ANDE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Andersons, Inc. carries a Debt/EBITDA ratio of 4.0x, which is moderately leveraged (17% above the sector average of 3.4x). Net debt stands at $945M ($1.0B total debt minus $98M cash). Interest coverage of 4.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.81 | 0.81 | 0.55 | 0.44 | 0.64 | 0.89 | 1.19 | 1.08 | 0.78 | 0.60 | 0.59 |
| Debt / EBITDA | 3.98 | 3.98 | 2.79 | 1.43 | 2.69 | 5.92 | 6.45 | 5.75 | 5.29 | 4.42 | 3.75 |
| Net Debt / Equity | — | 0.73 | 0.20 | 0.01 | 0.56 | 0.73 | 1.16 | 1.04 | 0.76 | 0.55 | 0.51 |
| Net Debt / EBITDA | 3.61 | 3.61 | 1.00 | 0.05 | 2.35 | 4.82 | 6.32 | 5.50 | 5.12 | 4.11 | 3.25 |
| Debt / FCF | — | — | 1.72 | 0.03 | 5.41 | — | — | 15.88 | — | — | — |
| Interest Coverage | 4.00 | 4.00 | 7.30 | 4.62 | 4.42 | 5.35 | 0.20 | 1.47 | 2.95 | 0.11 | 2.04 |
ANDE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.41x means The Andersons, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.60x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.72x to 1.41x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 1.65 | 1.72 | 1.37 | 1.37 | 1.25 | 1.35 | 1.23 | 1.35 | 1.32 |
| Quick Ratio | 0.60 | 0.60 | 0.90 | 1.00 | 0.69 | 0.63 | 0.58 | 0.54 | 0.40 | 0.47 | 0.47 |
| Cash Ratio | 0.06 | 0.06 | 0.32 | 0.39 | 0.05 | 0.09 | 0.02 | 0.04 | 0.03 | 0.05 | 0.08 |
| Asset Turnover | — | 2.97 | 2.73 | 3.83 | 3.76 | 2.76 | 1.89 | 2.09 | 1.27 | 1.70 | 1.76 |
| Inventory Turnover | 7.54 | 7.54 | 8.21 | 11.93 | 9.62 | 6.71 | 5.93 | 6.54 | 3.98 | 5.20 | 5.22 |
| Days Sales Outstanding | — | 21.63 | 24.79 | 18.87 | 26.31 | 24.17 | 29.03 | 23.96 | 24.84 | 18.14 | 18.11 |
ANDE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Andersons, Inc. returns 1.8% to shareholders annually — split between a 1.2% dividend yield and 0.7% buyback yield. The payout ratio of 28.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 1.5% | 1.9% | 1.3% | 2.0% | 1.8% | 2.8% | 2.7% | 2.2% | 2.1% | 1.4% |
| Payout Ratio | 28.1% | 28.1% | 23.0% | 25.1% | 18.8% | 22.8% | 298.4% | 120.8% | 44.9% | 44.1% | 149.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 5.3% | 8.2% | 5.1% | 10.9% | 7.9% | 0.9% | 2.2% | 4.9% | 4.7% | 0.9% |
| FCF Yield | — | — | 13.1% | 40.2% | 12.2% | — | — | 9.4% | — | — | — |
| Buyback Yield | 0.7% | 0.8% | 0.2% | 0.1% | 1.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.8% | 2.3% | 2.1% | 1.4% | 3.1% | 1.8% | 2.8% | 2.7% | 2.2% | 2.1% | 1.4% |
| Shares Outstanding | — | $34M | $34M | $34M | $34M | $34M | $34M | $33M | $28M | $28M | $28M |
Peer Comparison
Compare ANDE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ANDEYou | $2B | 24.4 | 12.5 | — | 6.5% | 1.2% | 6.6% | 4.6% | 4.0 |
 INGR | $7B | 9.5 | 5.9 | 13.1 | 25.3% | 14.4% | 17.7% | 15.5% | 1.4 |
 CALM | $4B | 3.0 | 1.9 | 3.4 | 43.4% | 36.1% | 55.9% | 63.6% | — |
 VITL | $538M | 8.3 | 6.1 | — | 37.6% | 11.6% | 21.4% | 26.9% | 0.6 |
 GPRE | $1B | -9.4 | 103.0 | 16.1 | 1.8% | -4.0% | -14.7% | -5.3% | 35.8 |
 REX | $2B | 29.1 | 16.3 | — | 14.2% | 10.0% | 9.4% | 11.4% | 0.2 |
 ADM | $38B | 35.0 | 17.3 | 8.9 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
 BG | $24B | 25.6 | 22.8 | — | 4.5% | 1.5% | 5.8% | 3.3% | 9.6 |
 CF | $18B | 13.3 | 6.2 | 10.2 | 38.5% | 33.4% | 18.9% | 18.7% | 1.2 |
 MOS | $7B | 6.1 | 3.7 | — | 16.5% | 9.9% | 10.3% | 6.1% | 0.4 |
 NTR | $36B | 15.6 | 7.5 | 17.4 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Price is only half the story. See total return with reinvested dividends.
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Start ComparisonANDE — Frequently Asked Questions
Quick answers to the most common questions about buying ANDE stock.
What is The Andersons, Inc.'s P/E ratio?
The Andersons, Inc.'s current P/E ratio is 24.4x. The historical average is 20.4x. This places it at the 90th percentile of its historical range.
What is The Andersons, Inc.'s EV/EBITDA?
The Andersons, Inc.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is The Andersons, Inc.'s ROE?
The Andersons, Inc.'s return on equity (ROE) is 6.6%. The historical average is 9.9%.
Is ANDE stock overvalued?
Based on historical data, The Andersons, Inc. is trading at a P/E of 24.4x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Andersons, Inc.'s dividend yield?
The Andersons, Inc.'s current dividend yield is 1.15% with a payout ratio of 28.1%.
What are The Andersons, Inc.'s profit margins?
The Andersons, Inc. has 6.5% gross margin and 1.2% operating margin.
How much debt does The Andersons, Inc. have?
The Andersons, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.