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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Ecovyst Inc. (ECVT). Click either name above to swap in a different company.

Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $199.4M, roughly 1.7× Ecovyst Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs -2.4%). Ecovyst Inc. produced more free cash flow last quarter ($22.9M vs $-77.1M). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% 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.

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

ANDE vs ECVT — Head-to-Head

Bigger by revenue
ANDE
ANDE
1.7× larger
ANDE
$329.5M
$199.4M
ECVT
Growing faster (revenue YoY)
ECVT
ECVT
+36.3% gap
ECVT
34.0%
-2.4%
ANDE
More free cash flow
ECVT
ECVT
$100.0M more FCF
ECVT
$22.9M
$-77.1M
ANDE
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
-1.8%
ANDE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANDE
ANDE
ECVT
ECVT
Revenue
$329.5M
$199.4M
Net Profit
$67.4M
Gross Margin
70.3%
23.4%
Operating Margin
26.6%
10.9%
Net Margin
20.5%
Revenue YoY
-2.4%
34.0%
Net Profit YoY
49.6%
EPS (diluted)
$0.06

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.

Revenue
ANDE
ANDE
ECVT
ECVT
Q4 25
$329.5M
$199.4M
Q3 25
$295.8M
$204.9M
Q2 25
$535.0M
$176.1M
Q1 25
$370.8M
$143.1M
Q4 24
$337.5M
$148.9M
Q3 24
$231.9M
$153.9M
Q2 24
$492.5M
$154.0M
Q1 24
$341.4M
$141.6M
Net Profit
ANDE
ANDE
ECVT
ECVT
Q4 25
$67.4M
Q3 25
$20.1M
$-79.3M
Q2 25
$7.9M
$6.0M
Q1 25
$284.0K
$-3.6M
Q4 24
$45.1M
Q3 24
$27.4M
$14.3M
Q2 24
$36.0M
$8.3M
Q1 24
$5.6M
$1.2M
Gross Margin
ANDE
ANDE
ECVT
ECVT
Q4 25
70.3%
23.4%
Q3 25
57.8%
25.4%
Q2 25
29.6%
22.8%
Q1 25
41.2%
13.3%
Q4 24
63.1%
28.9%
Q3 24
76.4%
29.3%
Q2 24
35.6%
27.3%
Q1 24
37.6%
23.5%
Operating Margin
ANDE
ANDE
ECVT
ECVT
Q4 25
26.6%
10.9%
Q3 25
8.7%
13.8%
Q2 25
4.6%
9.0%
Q1 25
0.9%
-0.7%
Q4 24
19.9%
15.1%
Q3 24
26.8%
17.9%
Q2 24
11.6%
14.1%
Q1 24
4.1%
9.5%
Net Margin
ANDE
ANDE
ECVT
ECVT
Q4 25
20.5%
Q3 25
6.8%
-38.7%
Q2 25
1.5%
3.4%
Q1 25
0.1%
-2.5%
Q4 24
13.4%
Q3 24
11.8%
9.3%
Q2 24
7.3%
5.4%
Q1 24
1.6%
0.9%
EPS (diluted)
ANDE
ANDE
ECVT
ECVT
Q4 25
$0.06
Q3 25
$0.59
$-0.69
Q2 25
$0.23
$0.05
Q1 25
$0.01
$-0.03
Q4 24
$1.31
$-0.26
Q3 24
$0.80
$0.12
Q2 24
$1.05
$0.07
Q1 24
$0.16
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANDE
ANDE
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$98.3M
$197.2M
Total DebtLower is stronger
$560.0M
$392.6M
Stockholders' EquityBook value
$1.2B
$603.4M
Total Assets
$3.7B
$1.3B
Debt / EquityLower = less leverage
0.45×
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANDE
ANDE
ECVT
ECVT
Q4 25
$98.3M
$197.2M
Q3 25
$82.0M
Q2 25
$69.6M
Q1 25
$127.5M
Q4 24
$561.8M
$131.4M
Q3 24
$123.5M
Q2 24
$83.3M
Q1 24
$103.1M
Total Debt
ANDE
ANDE
ECVT
ECVT
Q4 25
$560.0M
$392.6M
Q3 25
$854.8M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$608.2M
$860.8M
Q3 24
$862.7M
Q2 24
$862.4M
Q1 24
$866.2M
Stockholders' Equity
ANDE
ANDE
ECVT
ECVT
Q4 25
$1.2B
$603.4M
Q3 25
$1.2B
$607.9M
Q2 25
$1.4B
$692.4M
Q1 25
$1.4B
$698.7M
Q4 24
$1.4B
$700.5M
Q3 24
$1.3B
$729.4M
Q2 24
$1.3B
$717.3M
Q1 24
$1.3B
$711.4M
Total Assets
ANDE
ANDE
ECVT
ECVT
Q4 25
$3.7B
$1.3B
Q3 25
$3.3B
$1.7B
Q2 25
$3.4B
$1.8B
Q1 25
$3.8B
$1.8B
Q4 24
$4.1B
$1.8B
Q3 24
$3.4B
$1.8B
Q2 24
$3.3B
$1.8B
Q1 24
$3.3B
$1.8B
Debt / Equity
ANDE
ANDE
ECVT
ECVT
Q4 25
0.45×
0.65×
Q3 25
1.41×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
0.45×
1.23×
Q3 24
1.18×
Q2 24
1.20×
Q1 24
1.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANDE
ANDE
ECVT
ECVT
Operating Cash FlowLast quarter
$-6.2M
$41.8M
Free Cash FlowOCF − Capex
$-77.1M
$22.9M
FCF MarginFCF / Revenue
-23.4%
11.5%
Capex IntensityCapex / Revenue
21.5%
9.4%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$-56.1M
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANDE
ANDE
ECVT
ECVT
Q4 25
$-6.2M
$41.8M
Q3 25
$233.9M
$55.3M
Q2 25
$299.3M
$33.0M
Q1 25
$-350.0M
$10.3M
Q4 24
$268.8M
$43.5M
Q3 24
$-2.1M
$59.9M
Q2 24
$304.4M
$10.0M
Q1 24
$-239.6M
$36.5M
Free Cash Flow
ANDE
ANDE
ECVT
ECVT
Q4 25
$-77.1M
$22.9M
Q3 25
$167.0M
$53.2M
Q2 25
$250.5M
$7.8M
Q1 25
$-396.6M
$-14.0M
Q4 24
$212.9M
$30.9M
Q3 24
$-40.0M
$53.6M
Q2 24
$275.8M
$-9.3M
Q1 24
$-266.4M
$19.1M
FCF Margin
ANDE
ANDE
ECVT
ECVT
Q4 25
-23.4%
11.5%
Q3 25
56.5%
26.0%
Q2 25
46.8%
4.4%
Q1 25
-106.9%
-9.8%
Q4 24
63.1%
20.7%
Q3 24
-17.2%
34.9%
Q2 24
56.0%
-6.1%
Q1 24
-78.0%
13.5%
Capex Intensity
ANDE
ANDE
ECVT
ECVT
Q4 25
21.5%
9.4%
Q3 25
22.6%
1.0%
Q2 25
9.1%
14.4%
Q1 25
12.6%
16.9%
Q4 24
16.6%
8.5%
Q3 24
16.3%
4.1%
Q2 24
5.8%
12.5%
Q1 24
7.8%
12.3%
Cash Conversion
ANDE
ANDE
ECVT
ECVT
Q4 25
-0.09×
Q3 25
11.61×
Q2 25
38.10×
5.52×
Q1 25
-1232.46×
Q4 24
5.96×
Q3 24
-0.08×
4.21×
Q2 24
8.46×
1.20×
Q1 24
-42.94×
29.90×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANDE
ANDE

Specialty And Primary Nutrients$137.1M42%
Premium Ingredients$66.1M20%
Segment Reporting Reconciling Item Other$63.2M19%
Other$63.1M19%

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

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