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How Andersons (ANDE) makes money
Andersons (ANDE) made $2.8B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Of every dollar of revenue, 6¢ was left as gross profit, 2¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.8B | 100.0% |
| Cost of revenue | $2.7B | 93.6% |
| Gross profit | $182M | 6.4% |
| Operating expenses | $131M | 4.6% |
| Operating profit | $50.7M | 1.8% |
| Income tax | $6.8M | 0.2% |
| Net earnings | $46.4M | 1.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.8B | +6% |
| Q2 2026 | $3.1B | -1% |
| Q1 2026 | $2.6B | -1% |
| Q4 2025 | $2.5B | -19% |
| Q3 2025 | $2.7B | +2% |
| Q2 2025 | $3.1B | +12% |
| Q1 2025 | $2.7B | -2% |
From Andersons' 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Andersons make money?
Andersons (ANDE) made $2.8B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Of every dollar of revenue, 6¢ was left as gross profit, 2¢ was left as operating profit, 2¢ was left as net earnings.
What is Andersons' profit margin?
Net earnings were $46.4M, 1.6% of revenue, in the third quarter 2026; the operating margin was 1.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.