Filing Flows › Andersons (ANDE) › Q2 2025
Andersons (ANDE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Andersons (ANDE) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), +12% from a year earlier and +18% from the quarter before. Operating margin was 0.8%, net earnings $7.9M (0.3% of revenue).
Andersons, Q2 2025: revenue $3.1B (+12% year over year), operating margin 0.8%, net earnings $7.9M, operating cash flow $299M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +18% | +12% |
| Gross profit | $158M | +4% | -10% |
| Operating profit | $24.8M | +673% | -57% |
| Net earnings | $7.9M | 28× | -78% |
| Operating cash flow | $299M | — | -2% |
| Free cash flow | $250M | — | -9% |
What changed
Revenue was $3.1B in Q2 2025, up 12% year over year and up 18% from the previous quarter.
Gross margin was 5.1%, down 1.2 points from a year earlier. Operating profit was $0.02B, a 0.8% margin (down 1.3 points year over year). Operating profit fell $0.03B even though revenue rose $0.34B versus a year earlier, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 12%. Net earnings were $0.01B, down 78% year over year. The effective tax rate was 32.3%.
Operating cash flow was $0.30B (down 2% year over year), 1781% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization. Working capital and other items added $0.25B. Capital expenditures of $0.05B left free cash flow of $0.25B.
Questions
What was Andersons' revenue in the second quarter 2025?
Andersons (ANDE) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), +12% from a year earlier and +18% from the quarter before.
Was Andersons profitable in the second quarter 2025?
Operating profit was $24.8M (0.8% of revenue) and net earnings $7.9M.
Source: Andersons 10-Q on SEC EDGAR.