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Side-by-side financial comparison of Andersons, Inc. (ANDE) and COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $240.5M, roughly 1.4× COGENT COMMUNICATIONS HOLDINGS, INC.). Andersons, Inc. runs the higher net margin — 20.5% vs -12.8%, a 33.3% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -4.7%). COGENT COMMUNICATIONS HOLDINGS, INC. produced more free cash flow last quarter ($-43.0M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -4.9%).
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.
Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.
ANDE vs CCOI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $240.5M |
| Net Profit | $67.4M | $-30.8M |
| Gross Margin | 70.3% | 46.6% |
| Operating Margin | 26.6% | -4.7% |
| Net Margin | 20.5% | -12.8% |
| Revenue YoY | -2.4% | -4.7% |
| Net Profit YoY | 49.6% | 28.9% |
| EPS (diluted) | — | $-0.63 |
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 | $240.5M | ||
| Q3 25 | $295.8M | $241.9M | ||
| Q2 25 | $535.0M | $246.2M | ||
| Q1 25 | $370.8M | $247.0M | ||
| Q4 24 | $337.5M | $252.3M | ||
| Q3 24 | $231.9M | $257.2M | ||
| Q2 24 | $492.5M | $260.4M | ||
| Q1 24 | $341.4M | $266.2M |
| Q4 25 | $67.4M | $-30.8M | ||
| Q3 25 | $20.1M | $-41.5M | ||
| Q2 25 | $7.9M | $-57.8M | ||
| Q1 25 | $284.0K | $-52.0M | ||
| Q4 24 | $45.1M | $-43.3M | ||
| Q3 24 | $27.4M | $-63.1M | ||
| Q2 24 | $36.0M | $-32.3M | ||
| Q1 24 | $5.6M | $-65.3M |
| Q4 25 | 70.3% | 46.6% | ||
| Q3 25 | 57.8% | 45.6% | ||
| Q2 25 | 29.6% | 44.2% | ||
| Q1 25 | 41.2% | 44.4% | ||
| Q4 24 | 63.1% | 38.5% | ||
| Q3 24 | 76.4% | 37.2% | ||
| Q2 24 | 35.6% | 40.0% | ||
| Q1 24 | 37.6% | 36.5% |
| Q4 25 | 26.6% | -4.7% | ||
| Q3 25 | 8.7% | -7.5% | ||
| Q2 25 | 4.6% | -12.8% | ||
| Q1 25 | 0.9% | -16.3% | ||
| Q4 24 | 19.9% | -13.2% | ||
| Q3 24 | 26.8% | -22.5% | ||
| Q2 24 | 11.6% | -18.1% | ||
| Q1 24 | 4.1% | -22.3% |
| Q4 25 | 20.5% | -12.8% | ||
| Q3 25 | 6.8% | -17.2% | ||
| Q2 25 | 1.5% | -23.5% | ||
| Q1 25 | 0.1% | -21.1% | ||
| Q4 24 | 13.4% | -17.2% | ||
| Q3 24 | 11.8% | -24.5% | ||
| Q2 24 | 7.3% | -12.4% | ||
| Q1 24 | 1.6% | -24.5% |
| Q4 25 | — | $-0.63 | ||
| Q3 25 | $0.59 | $-0.87 | ||
| Q2 25 | $0.23 | $-1.21 | ||
| Q1 25 | $0.01 | $-1.09 | ||
| Q4 24 | $1.31 | $-0.89 | ||
| Q3 24 | $0.80 | $-1.33 | ||
| Q2 24 | $1.05 | $-0.68 | ||
| Q1 24 | $0.16 | $-1.38 |
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 | $148.5M |
| Total DebtLower is stronger | $560.0M | $1.7B |
| Stockholders' EquityBook value | $1.2B | $-63.8M |
| Total Assets | $3.7B | $3.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $148.5M | ||
| Q3 25 | — | $147.1M | ||
| Q2 25 | — | $213.7M | ||
| Q1 25 | — | $153.8M | ||
| Q4 24 | $561.8M | $198.5M | ||
| Q3 24 | — | $279.2M | ||
| Q2 24 | — | $384.4M | ||
| Q1 24 | — | $118.4M |
| Q4 25 | $560.0M | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $-63.8M | ||
| Q3 25 | $1.2B | $-39.2M | ||
| Q2 25 | $1.4B | $46.7M | ||
| Q1 25 | $1.4B | $142.8M | ||
| Q4 24 | $1.4B | $222.8M | ||
| Q3 24 | $1.3B | $323.6M | ||
| Q2 24 | $1.3B | $415.5M | ||
| Q1 24 | $1.3B | $500.6M |
| Q4 25 | $3.7B | $3.1B | ||
| Q3 25 | $3.3B | $3.1B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.8B | $3.1B | ||
| Q4 24 | $4.1B | $3.2B | ||
| Q3 24 | $3.4B | $3.2B | ||
| Q2 24 | $3.3B | $3.3B | ||
| Q1 24 | $3.3B | $3.1B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | 6.53× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-6.0M |
| Free Cash FlowOCF − Capex | $-77.1M | $-43.0M |
| FCF MarginFCF / Revenue | -23.4% | -17.9% |
| Capex IntensityCapex / Revenue | 21.5% | 15.4% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-198.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $-6.0M | ||
| Q3 25 | $233.9M | $3.1M | ||
| Q2 25 | $299.3M | $-44.0M | ||
| Q1 25 | $-350.0M | $36.4M | ||
| Q4 24 | $268.8M | $14.5M | ||
| Q3 24 | $-2.1M | $-20.2M | ||
| Q2 24 | $304.4M | $-22.2M | ||
| Q1 24 | $-239.6M | $19.2M |
| Q4 25 | $-77.1M | $-43.0M | ||
| Q3 25 | $167.0M | $-33.1M | ||
| Q2 25 | $250.5M | $-100.2M | ||
| Q1 25 | $-396.6M | $-21.7M | ||
| Q4 24 | $212.9M | $-31.6M | ||
| Q3 24 | $-40.0M | $-79.5M | ||
| Q2 24 | $275.8M | $-70.9M | ||
| Q1 24 | $-266.4M | $-21.7M |
| Q4 25 | -23.4% | -17.9% | ||
| Q3 25 | 56.5% | -13.7% | ||
| Q2 25 | 46.8% | -40.7% | ||
| Q1 25 | -106.9% | -8.8% | ||
| Q4 24 | 63.1% | -12.5% | ||
| Q3 24 | -17.2% | -30.9% | ||
| Q2 24 | 56.0% | -27.2% | ||
| Q1 24 | -78.0% | -8.1% |
| Q4 25 | 21.5% | 15.4% | ||
| Q3 25 | 22.6% | 15.0% | ||
| Q2 25 | 9.1% | 22.8% | ||
| Q1 25 | 12.6% | 23.5% | ||
| Q4 24 | 16.6% | 18.3% | ||
| Q3 24 | 16.3% | 23.0% | ||
| Q2 24 | 5.8% | 18.7% | ||
| Q1 24 | 7.8% | 15.4% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | — |
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% |
CCOI
Segment breakdown not available.
