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Andersons Valuation Multiples
Discover revenue and EBITDA valuation multiples for Andersons and similar public comparables like Luenmei Quantum Co, Pertamina Geothermal, Renewables Infrastructure Group, SMA Solar Technology and more.
Andersons Overview
About Andersons
Andersons Inc is an agriculture and renewable fuels company. Its operations are classified into two reportable business segments: Agribusiness, which generates maximum revenue, and Renewables. The Agribusiness segment includes merchandising and managing logistics across various commodities, as well as being a manufacturer, distributor, and retailer of agricultural and related plant nutrients. The segment specializes in the movement of physical commodities such as whole grains, grain products, feed ingredients, and domestic fuel products, among other agricultural commodities. The Renewables segment mainly produces, purchases, and sells ethanol and co-products. Geographically, the company generates maximum revenue from the United States, followed by Canada, Mexico, and other markets.
Founded
1947
HQ

Employees
2.1K
Website
Sectors
Financials (LTM)
EV
$4B
Valuation Multiples
Start free trialAndersons Financials
Andersons reported last 12-month revenue of $11B and EBITDA of $365M.
In the same LTM period, Andersons generated $758M in gross profit, $365M in EBITDA, and $128M in net income.
Revenue (LTM)
Andersons P&L
In the most recent fiscal year, Andersons reported revenue of $11B and EBITDA of $337M.
Andersons is profitable as of last fiscal year, with gross margin of 6%, EBITDA margin of 3%, and net margin of 1%.
Financial data powered by Morningstar, Inc.
Andersons Stock Performance
Andersons has current market cap of $2B, and enterprise value of $4B.
Market Cap Evolution
Andersons' stock price is $69.93.
Andersons share price decreased by 10.9% in the last 30 days, and increased by 96.9% in the last year.
Andersons has an EPS (earnings per share) of $2.81.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $2B | -1.3% | -10.9% | 7.1% | 96.9% | $2.81 |
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Start Free TrialAndersons Valuation Multiples
Andersons trades at 0.3x EV/Revenue multiple, and 9.9x EV/EBITDA.
EV / Revenue (LTM)
Andersons Financial Valuation Multiples
As of May 20, 2026, Andersons has market cap of $2B and EV of $4B.
Andersons has a P/E ratio of 18.5x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Andersons Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Andersons Margins & Growth Rates
Andersons grew revenue by 7% and EBITDA by 22% in the last fiscal year.
In the most recent fiscal year, Andersons reported gross margin of 6%, EBITDA margin of 3%, and net margin of 1%.
Andersons Margins
Andersons Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Andersons Operational KPIs
Andersons' revenue per employee in the last FY averaged $5.2M, while opex per employee averaged $0.3M for the same period.
Andersons' Rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Andersons' Rule of X is 20% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Data powered by FactSet, Inc. and Morningstar, Inc.
Andersons Competitors
Andersons competitors include Luenmei Quantum Co, Pertamina Geothermal, Renewables Infrastructure Group, SMA Solar Technology, Cadeler, Aksa Enerji, Genus, Auren Energia, ACEN and Terna Energy.
Most Andersons public comparables operate across Agriculture and Renewable Energy.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 3.4x | 3.4x | 6.7x | 7.8x | |||
| 5.4x | 5.3x | 6.8x | 6.7x | |||
| 5.1x | 4.6x | 6.5x | 5.7x | |||
| 1.4x | 1.3x | (32.4x) | 111.5x | |||
| 14.9x | 5.1x | 29.2x | 8.4x | |||
| 2.6x | 2.7x | 8.2x | 7.6x | |||
| 2.7x | 2.7x | 14.9x | 13.6x | |||
| 2.5x | 2.6x | 7.8x | 9.8x | |||
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Andersons M&A Activity
Andersons has acquired 6 companies to date.
Last acquisition by Andersons was on August 4th 2025. Andersons acquired The Andersons Renewables for $852M (EV/Revenue multiple of ).
Latest Acquisitions by Andersons
| Description | The Andersons Renewables is a division of The Andersons Inc. that produces ethanol and co-products from corn at four facilities in Ohio and Indiana. These plants collectively generate 500 million gallons of ethanol annually, along with distillers dried grains and corn oil for animal feed and biodiesel markets. Headquartered in Maumee, Ohio, the unit supports the broader agribusiness operations of its parent company, which reported $12.6 billion in revenue for fiscal 2023. Established through acquisitions like the 2007 purchase of an Albion, Michigan plant, it emphasizes renewable fuel production amid growing demand for low-carbon alternatives. | Skyland Grain is a Virginia-based agribusiness cooperative supplying corn, soybeans, wheat, agronomy consulting, fuels, and crop financing to farmers in the Mid-Atlantic region. The company operates grain elevators, fuel depots, and precision agriculture services across multiple facilities. Established in 1923, Skyland Grain processes millions of bushels annually and partners with producers for seed, fertilizer, and market risk management programs. | Lansing Trade Group is a Kansas City-headquartered agribusiness merchant trading grains, oilseeds, and feed ingredients across North America and export markets. Founded in 1998, it handles 100 million bushels annually, sourcing from Midwest farmers and supplying processors in Asia and Europe. The company operates elevators in Kansas and Nebraska, providing hedging, logistics, and merchandising services through proprietary analytics. | Purity Foods is a supplier of organic cereals, flours, granolas, pastas, and seeds across North America and international markets. The company distributes baking flours, beans, grains, pretzels, and sesame sticks through retail stores, supermarkets, health food outlets, and wholesalers. | |
| HQ Country | |||||
| HQ City | Dallas, TX | Ulysses, KS | Kansas City, KS | Lansing, MI | |
| Deal Date | 4 Aug 2025 | 4 Nov 2024 | 15 Oct 2018 | 25 Apr 2017 | |
| Valuation | $852M | undisclosed | $452M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Andersons Investment Activity
Andersons has invested in 1 company to date.
Latest investment by Andersons was on July 13th 2023. Andersons invested in Bushel in their $26M Undisclosed stage round (EV/Revenue multiple of ).
Latest Investments by Andersons
| Description | Bushel delivers integrated software for agriculture from Fargo, North Dakota, encompassing customer relationship management, portals, offer management, and farm advisement. Its subsidiary Bushel Exchange handles digital payments, powering facilities that represent over half of U.S. and Canadian grain origination while meeting SOC 2 Type II standards via bushelpowered.com. | Bushel delivers integrated software for agriculture from Fargo, North Dakota, encompassing customer relationship management, portals, offer management, and farm advisement. Its subsidiary Bushel Exchange handles digital payments, powering facilities that represent over half of U.S. and Canadian grain origination while meeting SOC 2 Type II standards via bushelpowered.com. |
| HQ Country | ||
| HQ City | Fargo, ND | Fargo, ND |
| Deal Date | 13 Jul 2023 | 20 Apr 2021 |
| Round | Undisclosed stage | Series B |
| Raised | $26M | $47M |
| Investors | 50 South Capital; Agrifood; Cargill; Continental Grain Company; Germin8 Ventures; Lewis & Clark AgriFood; Andersons; The Banc Funds; The Scoular Company | Cargill; CGB Enterprises; Continental Grain Company; Germin8 Ventures; Lewis & Clark AgriFood; Andersons; The Scoular Company |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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Start Free TrialAbout Andersons
| When was Andersons founded? | Andersons was founded in 1947. |
| Where is Andersons headquartered? | Andersons is headquartered in United States. |
| How many employees does Andersons have? | As of today, Andersons has over 2K employees. |
| Who is the CEO of Andersons? | Andersons' CEO is William E. Krueger. |
| Is Andersons publicly listed? | Yes, Andersons is a public company listed on Nasdaq. |
| What is the stock symbol of Andersons? | Andersons trades under ANDE ticker. |
| When did Andersons go public? | Andersons went public in 1996. |
| Who are competitors of Andersons? | Andersons main competitors include Luenmei Quantum Co, Pertamina Geothermal, Renewables Infrastructure Group, SMA Solar Technology, Cadeler, Aksa Enerji, Genus, Auren Energia, ACEN, Terna Energy. |
| What is the current market cap of Andersons? | Andersons' current market cap is $2B. |
| What is the current revenue of Andersons? | Andersons' last 12 months revenue is $11B. |
| What is the current revenue growth of Andersons? | Andersons revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Andersons? | Current revenue multiple of Andersons is 0.3x. |
| Is Andersons profitable? | Yes, Andersons is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Andersons? | Andersons' last 12 months EBITDA is $365M. |
| What is Andersons' EBITDA margin? | Andersons' last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Andersons? | Current EBITDA multiple of Andersons is 9.9x. |
| What is the current FCF of Andersons? | Andersons' last 12 months FCF is ($156M). |
| What is Andersons' FCF margin? | Andersons' last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of Andersons? | Current FCF multiple of Andersons is (23.1x). |
| How many companies Andersons has acquired to date? | As of May 2026, Andersons has acquired 6 companies. |
| What was the largest acquisition by Andersons? | $852M acquisition of The Andersons Renewables on 4th August 2025 was the largest M&A Andersons has done to date. |
| What companies Andersons acquired? | Andersons acquired The Andersons Renewables, Lansing Trade Group, Auburn Bean & Grain, Purity Foods, Skyland Grain, and Nature's Legacy. |
| In how many companies Andersons has invested to date? | As of May 2026, Andersons has invested in 1 company. |
| What was the last Andersons investment? | On 13th July 2023 Andersons invested in Bushel, participating in a $26M Undisclosed stage round, alongside 50 South Capital, Agrifood, Cargill, Continental Grain Company, Germin8 Ventures, Lewis & Clark AgriFood, The Banc Funds, and The Scoular Company. |
| In what companies Andersons invested in? | Andersons invested in Bushel. |
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