Andersons, Inc. (ANDE) FY2025 10-K Annual Report

Filed: Feb 18, 2026
Consumer Staples
Wholesale-Farm Product Raw MaterialsSEC EDGAR

Andersons, Inc. (ANDE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Andersons, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: North American agriculture and renewable fuels supply chain operator
  • Emphasis on two segments: Agribusiness and Renewables in line with management structure
  • Strategic positioning as a nimble, significant player in both agriculture and renewable fuels sectors
  • Founded in 1947, maintaining longstanding presence with focus on North American markets

Management Discussion & Analysis

  • Revenue or profit performance for fiscal 2026 not disclosed in provided text
  • No profitability or margin data included in excerpt
  • No segment performance details provided
  • No cash flow, buybacks, dividends, or capital expenditure figures mentioned
  • Forward-looking statements acknowledge risks and uncertainties that may impact actual results

Risk Factors

  • Regulatory risk: Uncertainty around eligibility and monetization of Section 45Z Tax Credits requires IRS registration by Jan 1, 2025, affecting ethanol segment profitability
  • Geopolitical risk: Exposure to international trade disputes and tariffs causing commodity price volatility and disrupted trade flows, notably under current U.S. administration trade policies
  • Operational risk: Dependence on limited suppliers for key raw materials risks cost increases and supply interruptions impacting multiple segments
  • Competitive risk: Pricing pressure from larger competitors with greater financial resources threatens market share and profit margins in core Agribusiness and Renewables sectors
  • Financial risk: Indebtedness with covenants on working capital and equity risks default and liquidity constraints if cash flow generation weakens

Andersons, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$1.5B

+9.1% YoY

Net Income

$96M

-16.1% YoY

Gross Margin

46.6%

-284bp YoY

Net Margin

6.3%

-187bp YoY

ROE

7.7%

-66bp YoY

Total Assets

$3.7B

-9.9% YoY

Operating Cash Flow

$177M

-46.6% YoY

Source: XBRL data from Andersons, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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