Filing Flows › Andersons (ANDE) › Q4 2025
Andersons (ANDE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Andersons (ANDE) reported revenue of $2.5B for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and -5% from the quarter before. Operating margin was 3.5%, net earnings $67.4M (2.7% of revenue).
Andersons, Q4 2025: revenue $2.5B (-19% year over year), operating margin 3.5%, net earnings $67.4M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -5% | -19% |
| Gross profit | $231M | +35% | +9% |
| Operating profit | $87.6M | +239% | +30% |
| Net earnings | $67.4M | +235% | +50% |
| Operating cash flow | −$6.2M | -103% | — |
What changed
Revenue was $2.5B in Q4 2025, down 19% year over year and down 5% from the previous quarter.
Gross margin was 9.1%, up 2.3 points from a year earlier. Operating profit was $0.09B, a 3.5% margin (up 1.3 points year over year). Operating expenses fell 1% while revenue fell 19%. Net earnings were $0.07B, up 50% year over year. The effective tax rate was 18.8%.
Operating cash flow was −$0.01B. Non-cash charges added back $0.03B of depreciation and amortization. Working capital and other items used $0.11B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.08B.
Questions
What was Andersons' revenue in the fourth quarter 2025?
Andersons (ANDE) reported revenue of $2.5B for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and -5% from the quarter before.
Was Andersons profitable in the fourth quarter 2025?
Operating profit was $87.6M (3.5% of revenue) and net earnings $67.4M.
Source: Andersons 10-K on SEC EDGAR.