Filing Flows › Andersons (ANDE) › Q2 2026 › vs Q2 2025
Andersons (ANDE) Q2 2026 vs Q2 2025 (year over year)
Andersons's revenue fell $38.2M (-1%) from $3.1B in Q2 2025 to $3.1B in Q2 2026. Gross margin 7.2% against 5.1% (+2.2 pts).
Andersons, Q2 2026: revenue $3.1B (-1% year over year), operating margin 2.2%, net earnings $56.6M, operating cash flow $488M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 7.2% | 5.1% | +2.2 pts |
| Operating margin | 2.2% | 0.8% | +1.4 pts |
| Net margin | 1.8% | 0.3% | +1.6 pts |
| Free cash flow margin | 13.3% | 8.0% | +5.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | −$38.2M | -1% |
| Gross profit | $224M | $158M | $65.3M | +41% |
| Cost of revenue | $2.9B | $3.0B | −$104M | -3% |
| Operating profit | $67.3M | $24.8M | $42.5M | +171% |
| Operating expenses | $156M | $134M | $22.8M | +17% |
| Pre-tax earnings | $67.3M | $24.8M | $42.5M | +171% |
| Loss borne by minority interests | $2.6M | −$8.9M | $11.6M | — |
| Net earnings | $56.6M | $7.9M | $48.7M | +620% |
| Income tax | $13.4M | $8.0M | $5.4M | +67% |
| Depreciation & amortization | $34.6M | $33.1M | $1.6M | +5% |
| Working capital & other | $397M | $258M | $138M | +54% |
| Operating cash flow | $488M | $299M | $189M | +63% |
| Free cash flow (OCF − capex) | $412M | $250M | $162M | +65% |
| Capital expenditures | $75.6M | $48.8M | $26.7M | +55% |
Questions
How much did Andersons's revenue grow year over year in Q2 2026?
Andersons's revenue fell $38.2M (-1%) from $3.1B in Q2 2025 to $3.1B in Q2 2026. Gross margin 7.2% against 5.1% (+2.2 pts).