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Side-by-side financial comparison of Andersons, Inc. (ANDE) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $173.1M, roughly 1.9× PATHWARD FINANCIAL, INC.). Andersons, Inc. runs the higher net margin — 20.5% vs 20.3%, a 0.1% gap on every dollar of revenue. On growth, PATHWARD FINANCIAL, INC. posted the faster year-over-year revenue change (-0.2% vs -2.4%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -18.0%).
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.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
ANDE vs CASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $173.1M |
| Net Profit | $67.4M | $35.2M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 24.6% |
| Net Margin | 20.5% | 20.3% |
| Revenue YoY | -2.4% | -0.2% |
| Net Profit YoY | 49.6% | 11.9% |
| EPS (diluted) | — | $1.57 |
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.
| Q4 25 | $329.5M | $173.1M | ||
| Q3 25 | $295.8M | $186.7M | ||
| Q2 25 | $535.0M | $195.8M | ||
| Q1 25 | $370.8M | $274.8M | ||
| Q4 24 | $337.5M | $182.6M | ||
| Q3 24 | $231.9M | $179.5M | ||
| Q2 24 | $492.5M | $188.6M | ||
| Q1 24 | $341.4M | $257.6M |
| Q4 25 | $67.4M | $35.2M | ||
| Q3 25 | $20.1M | $38.8M | ||
| Q2 25 | $7.9M | $42.1M | ||
| Q1 25 | $284.0K | $75.0M | ||
| Q4 24 | $45.1M | $30.0M | ||
| Q3 24 | $27.4M | $33.5M | ||
| Q2 24 | $36.0M | $44.9M | ||
| Q1 24 | $5.6M | $69.9M |
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | 26.6% | 24.6% | ||
| Q3 25 | 8.7% | 25.9% | ||
| Q2 25 | 4.6% | 24.1% | ||
| Q1 25 | 0.9% | 33.2% | ||
| Q4 24 | 19.9% | 19.8% | ||
| Q3 24 | 26.8% | 20.9% | ||
| Q2 24 | 11.6% | 27.1% | ||
| Q1 24 | 4.1% | 33.8% |
| Q4 25 | 20.5% | 20.3% | ||
| Q3 25 | 6.8% | 20.8% | ||
| Q2 25 | 1.5% | 21.5% | ||
| Q1 25 | 0.1% | 27.3% | ||
| Q4 24 | 13.4% | 16.4% | ||
| Q3 24 | 11.8% | 18.7% | ||
| Q2 24 | 7.3% | 23.8% | ||
| Q1 24 | 1.6% | 27.1% |
| Q4 25 | — | $1.57 | ||
| Q3 25 | $0.59 | $1.69 | ||
| Q2 25 | $0.23 | $1.81 | ||
| Q1 25 | $0.01 | $3.14 | ||
| Q4 24 | $1.31 | $1.23 | ||
| Q3 24 | $0.80 | $1.34 | ||
| Q2 24 | $1.05 | $1.78 | ||
| Q1 24 | $0.16 | $2.74 |
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 | $331.2M |
| Total DebtLower is stronger | $560.0M | $33.5M |
| Stockholders' EquityBook value | $1.2B | $854.5M |
| Total Assets | $3.7B | $7.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $331.2M | ||
| Q3 25 | — | $120.6M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | — | $254.2M | ||
| Q4 24 | $561.8M | $597.4M | ||
| Q3 24 | — | $158.3M | ||
| Q2 24 | — | $298.9M | ||
| Q1 24 | — | $347.9M |
| Q4 25 | $560.0M | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.4M | ||
| Q4 24 | $608.2M | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $33.4M |
| Q4 25 | $1.2B | $854.5M | ||
| Q3 25 | $1.2B | $858.0M | ||
| Q2 25 | $1.4B | $819.0M | ||
| Q1 25 | $1.4B | $814.7M | ||
| Q4 24 | $1.4B | $758.3M | ||
| Q3 24 | $1.3B | $822.5M | ||
| Q2 24 | $1.3B | $748.4M | ||
| Q1 24 | $1.3B | $719.5M |
| Q4 25 | $3.7B | $7.6B | ||
| Q3 25 | $3.3B | $7.2B | ||
| Q2 25 | $3.4B | $7.2B | ||
| Q1 25 | $3.8B | $7.0B | ||
| Q4 24 | $4.1B | $7.6B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.3B | $7.5B | ||
| Q1 24 | $3.3B | $7.4B |
| Q4 25 | 0.45× | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | 0.45× | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× | ||
| Q1 24 | — | 0.05× |
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 | $108.3M |
| Free Cash FlowOCF − Capex | $-77.1M | $104.1M |
| FCF MarginFCF / Revenue | -23.4% | 60.1% |
| Capex IntensityCapex / Revenue | 21.5% | 2.4% |
| Cash ConversionOCF / Net Profit | -0.09× | 3.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $616.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $108.3M | ||
| Q3 25 | $233.9M | $303.7M | ||
| Q2 25 | $299.3M | $30.4M | ||
| Q1 25 | $-350.0M | $188.3M | ||
| Q4 24 | $268.8M | $-71.7M | ||
| Q3 24 | $-2.1M | $143.1M | ||
| Q2 24 | $304.4M | $113.2M | ||
| Q1 24 | $-239.6M | $203.0M |
| Q4 25 | $-77.1M | $104.1M | ||
| Q3 25 | $167.0M | $300.3M | ||
| Q2 25 | $250.5M | $27.7M | ||
| Q1 25 | $-396.6M | $184.7M | ||
| Q4 24 | $212.9M | $-73.8M | ||
| Q3 24 | $-40.0M | $138.8M | ||
| Q2 24 | $275.8M | $111.0M | ||
| Q1 24 | $-266.4M | $201.3M |
| Q4 25 | -23.4% | 60.1% | ||
| Q3 25 | 56.5% | 160.9% | ||
| Q2 25 | 46.8% | 14.1% | ||
| Q1 25 | -106.9% | 67.2% | ||
| Q4 24 | 63.1% | -40.4% | ||
| Q3 24 | -17.2% | 77.3% | ||
| Q2 24 | 56.0% | 58.8% | ||
| Q1 24 | -78.0% | 78.1% |
| Q4 25 | 21.5% | 2.4% | ||
| Q3 25 | 22.6% | 1.8% | ||
| Q2 25 | 9.1% | 1.4% | ||
| Q1 25 | 12.6% | 1.3% | ||
| Q4 24 | 16.6% | 1.1% | ||
| Q3 24 | 16.3% | 2.4% | ||
| Q2 24 | 5.8% | 1.2% | ||
| Q1 24 | 7.8% | 0.7% |
| Q4 25 | -0.09× | 3.08× | ||
| Q3 25 | 11.61× | 7.83× | ||
| Q2 25 | 38.10× | 0.72× | ||
| Q1 25 | -1232.46× | 2.51× | ||
| Q4 24 | 5.96× | -2.39× | ||
| Q3 24 | -0.08× | 4.27× | ||
| Q2 24 | 8.46× | 2.52× | ||
| Q1 24 | -42.94× | 2.90× |
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% |
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
