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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Bandwidth Inc. (BAND). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $208.8M, roughly 1.6× Bandwidth Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 1.9%, a 18.5% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -2.4%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-77.1M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
ANDE vs BAND — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $208.8M |
| Net Profit | $67.4M | $4.0M |
| Gross Margin | 70.3% | 37.3% |
| Operating Margin | 26.6% | 60.5% |
| Net Margin | 20.5% | 1.9% |
| Revenue YoY | -2.4% | 20.1% |
| Net Profit YoY | 49.6% | 200.0% |
| EPS (diluted) | — | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $208.8M | ||
| Q4 25 | $329.5M | $207.7M | ||
| Q3 25 | $295.8M | $191.9M | ||
| Q2 25 | $535.0M | $180.0M | ||
| Q1 25 | $370.8M | $174.2M | ||
| Q4 24 | $337.5M | $210.0M | ||
| Q3 24 | $231.9M | $193.9M | ||
| Q2 24 | $492.5M | $173.6M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | $67.4M | — | ||
| Q3 25 | $20.1M | $-1.2M | ||
| Q2 25 | $7.9M | $-4.9M | ||
| Q1 25 | $284.0K | $-3.7M | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $27.4M | $413.0K | ||
| Q2 24 | $36.0M | $4.1M |
| Q1 26 | — | 37.3% | ||
| Q4 25 | 70.3% | 37.6% | ||
| Q3 25 | 57.8% | 38.5% | ||
| Q2 25 | 29.6% | 39.8% | ||
| Q1 25 | 41.2% | 41.0% | ||
| Q4 24 | 63.1% | 36.4% | ||
| Q3 24 | 76.4% | 37.7% | ||
| Q2 24 | 35.6% | 37.3% |
| Q1 26 | — | 60.5% | ||
| Q4 25 | 26.6% | -1.9% | ||
| Q3 25 | 8.7% | -1.0% | ||
| Q2 25 | 4.6% | -2.1% | ||
| Q1 25 | 0.9% | -2.7% | ||
| Q4 24 | 19.9% | -1.3% | ||
| Q3 24 | 26.8% | -0.5% | ||
| Q2 24 | 11.6% | -3.5% |
| Q1 26 | — | 1.9% | ||
| Q4 25 | 20.5% | — | ||
| Q3 25 | 6.8% | -0.6% | ||
| Q2 25 | 1.5% | -2.7% | ||
| Q1 25 | 0.1% | -2.1% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 11.8% | 0.2% | ||
| Q2 24 | 7.3% | 2.3% |
| Q1 26 | — | $-0.08 | ||
| Q4 25 | — | $-0.10 | ||
| Q3 25 | $0.59 | $-0.04 | ||
| Q2 25 | $0.23 | $-0.16 | ||
| Q1 25 | $0.01 | $-0.13 | ||
| Q4 24 | $1.31 | $0.27 | ||
| Q3 24 | $0.80 | $0.01 | ||
| Q2 24 | $1.05 | $-0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $47.3M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $405.7M |
| Total Assets | $3.7B | $984.2M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $47.3M | ||
| Q4 25 | $98.3M | $111.3M | ||
| Q3 25 | — | $80.4M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $41.7M | ||
| Q4 24 | $561.8M | $83.8M | ||
| Q3 24 | — | $79.9M | ||
| Q2 24 | — | $76.4M |
| Q1 26 | — | — | ||
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $405.7M | ||
| Q4 25 | $1.2B | $400.0M | ||
| Q3 25 | $1.2B | $392.7M | ||
| Q2 25 | $1.4B | $384.5M | ||
| Q1 25 | $1.4B | $345.4M | ||
| Q4 24 | $1.4B | $312.5M | ||
| Q3 24 | $1.3B | $336.6M | ||
| Q2 24 | $1.3B | $307.4M |
| Q1 26 | — | $984.2M | ||
| Q4 25 | $3.7B | $1.1B | ||
| Q3 25 | $3.3B | $1.0B | ||
| Q2 25 | $3.4B | $1.0B | ||
| Q1 25 | $3.8B | $964.4M | ||
| Q4 24 | $4.1B | $989.2M | ||
| Q3 24 | $3.4B | $1.0B | ||
| Q2 24 | $3.3B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | — |
| Free Cash FlowOCF − Capex | $-77.1M | $-1.0M |
| FCF MarginFCF / Revenue | -23.4% | -0.5% |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $38.6M | ||
| Q3 25 | $233.9M | $22.2M | ||
| Q2 25 | $299.3M | $31.7M | ||
| Q1 25 | $-350.0M | $-3.1M | ||
| Q4 24 | $268.8M | $36.5M | ||
| Q3 24 | $-2.1M | $20.5M | ||
| Q2 24 | $304.4M | $24.4M |
| Q1 26 | — | $-1.0M | ||
| Q4 25 | $-77.1M | — | ||
| Q3 25 | $167.0M | — | ||
| Q2 25 | $250.5M | — | ||
| Q1 25 | $-396.6M | — | ||
| Q4 24 | $212.9M | — | ||
| Q3 24 | $-40.0M | — | ||
| Q2 24 | $275.8M | — |
| Q1 26 | — | -0.5% | ||
| Q4 25 | -23.4% | — | ||
| Q3 25 | 56.5% | — | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | -106.9% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | -17.2% | — | ||
| Q2 24 | 56.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 21.5% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 5.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 49.55× | ||
| Q2 24 | 8.46× | 6.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
BAND
Segment breakdown not available.
