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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $282.9M, roughly 1.2× Duolingo, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 14.8%, a 5.6% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs -2.4%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $-77.1M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% 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.
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
ANDE vs DUOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $282.9M |
| Net Profit | $67.4M | $42.0M |
| Gross Margin | 70.3% | 72.8% |
| Operating Margin | 26.6% | 15.4% |
| Net Margin | 20.5% | 14.8% |
| Revenue YoY | -2.4% | 35.0% |
| Net Profit YoY | 49.6% | 201.7% |
| EPS (diluted) | — | $0.99 |
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 | $282.9M | ||
| Q3 25 | $295.8M | $271.7M | ||
| Q2 25 | $535.0M | $252.3M | ||
| Q1 25 | $370.8M | $230.7M | ||
| Q4 24 | $337.5M | $209.6M | ||
| Q3 24 | $231.9M | $192.6M | ||
| Q2 24 | $492.5M | $178.3M | ||
| Q1 24 | $341.4M | $167.6M |
| Q4 25 | $67.4M | $42.0M | ||
| Q3 25 | $20.1M | $292.2M | ||
| Q2 25 | $7.9M | $44.8M | ||
| Q1 25 | $284.0K | $35.1M | ||
| Q4 24 | $45.1M | $13.9M | ||
| Q3 24 | $27.4M | $23.4M | ||
| Q2 24 | $36.0M | $24.4M | ||
| Q1 24 | $5.6M | $27.0M |
| Q4 25 | 70.3% | 72.8% | ||
| Q3 25 | 57.8% | 72.5% | ||
| Q2 25 | 29.6% | 72.4% | ||
| Q1 25 | 41.2% | 71.1% | ||
| Q4 24 | 63.1% | 71.9% | ||
| Q3 24 | 76.4% | 72.9% | ||
| Q2 24 | 35.6% | 73.4% | ||
| Q1 24 | 37.6% | 73.0% |
| Q4 25 | 26.6% | 15.4% | ||
| Q3 25 | 8.7% | 12.9% | ||
| Q2 25 | 4.6% | 13.2% | ||
| Q1 25 | 0.9% | 10.2% | ||
| Q4 24 | 19.9% | 6.6% | ||
| Q3 24 | 26.8% | 7.0% | ||
| Q2 24 | 11.6% | 10.5% | ||
| Q1 24 | 4.1% | 9.8% |
| Q4 25 | 20.5% | 14.8% | ||
| Q3 25 | 6.8% | 107.5% | ||
| Q2 25 | 1.5% | 17.8% | ||
| Q1 25 | 0.1% | 15.2% | ||
| Q4 24 | 13.4% | 6.6% | ||
| Q3 24 | 11.8% | 12.1% | ||
| Q2 24 | 7.3% | 13.7% | ||
| Q1 24 | 1.6% | 16.1% |
| Q4 25 | — | $0.99 | ||
| Q3 25 | $0.59 | $5.95 | ||
| Q2 25 | $0.23 | $0.91 | ||
| Q1 25 | $0.01 | $0.72 | ||
| Q4 24 | $1.31 | $0.31 | ||
| Q3 24 | $0.80 | $0.49 | ||
| Q2 24 | $1.05 | $0.51 | ||
| Q1 24 | $0.16 | $0.57 |
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 | $1.0B |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $1.3B |
| Total Assets | $3.7B | $2.0B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $976.2M | ||
| Q1 25 | — | $884.0M | ||
| Q4 24 | $561.8M | $785.8M | ||
| Q3 24 | — | $854.4M | ||
| Q2 24 | — | $888.2M | ||
| Q1 24 | — | $829.7M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.4B | $977.0M | ||
| Q1 25 | $1.4B | $893.8M | ||
| Q4 24 | $1.4B | $824.5M | ||
| Q3 24 | $1.3B | $822.5M | ||
| Q2 24 | $1.3B | $766.9M | ||
| Q1 24 | $1.3B | $711.1M |
| Q4 25 | $3.7B | $2.0B | ||
| Q3 25 | $3.3B | $1.9B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | $3.8B | $1.4B | ||
| Q4 24 | $4.1B | $1.3B | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.3B | $1.1B | ||
| Q1 24 | $3.3B | $1.1B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| 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 | $107.3M |
| Free Cash FlowOCF − Capex | $-77.1M | $96.6M |
| FCF MarginFCF / Revenue | -23.4% | 34.1% |
| Capex IntensityCapex / Revenue | 21.5% | 3.8% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $107.3M | ||
| Q3 25 | $233.9M | $84.2M | ||
| Q2 25 | $299.3M | $90.7M | ||
| Q1 25 | $-350.0M | $105.6M | ||
| Q4 24 | $268.8M | $83.3M | ||
| Q3 24 | $-2.1M | $56.3M | ||
| Q2 24 | $304.4M | $62.4M | ||
| Q1 24 | $-239.6M | $83.5M |
| Q4 25 | $-77.1M | $96.6M | ||
| Q3 25 | $167.0M | $79.4M | ||
| Q2 25 | $250.5M | $89.5M | ||
| Q1 25 | $-396.6M | $104.3M | ||
| Q4 24 | $212.9M | $81.4M | ||
| Q3 24 | $-40.0M | $53.1M | ||
| Q2 24 | $275.8M | $56.8M | ||
| Q1 24 | $-266.4M | $82.1M |
| Q4 25 | -23.4% | 34.1% | ||
| Q3 25 | 56.5% | 29.2% | ||
| Q2 25 | 46.8% | 35.5% | ||
| Q1 25 | -106.9% | 45.2% | ||
| Q4 24 | 63.1% | 38.8% | ||
| Q3 24 | -17.2% | 27.6% | ||
| Q2 24 | 56.0% | 31.9% | ||
| Q1 24 | -78.0% | 49.0% |
| Q4 25 | 21.5% | 3.8% | ||
| Q3 25 | 22.6% | 1.8% | ||
| Q2 25 | 9.1% | 0.5% | ||
| Q1 25 | 12.6% | 0.6% | ||
| Q4 24 | 16.6% | 0.9% | ||
| Q3 24 | 16.3% | 1.7% | ||
| Q2 24 | 5.8% | 3.1% | ||
| Q1 24 | 7.8% | 0.8% |
| Q4 25 | -0.09× | 2.56× | ||
| Q3 25 | 11.61× | 0.29× | ||
| Q2 25 | 38.10× | 2.02× | ||
| Q1 25 | -1232.46× | 3.01× | ||
| Q4 24 | 5.96× | 5.99× | ||
| Q3 24 | -0.08× | 2.41× | ||
| Q2 24 | 8.46× | 2.56× | ||
| Q1 24 | -42.94× | 3.10× |
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% |
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
