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Side-by-side financial comparison of Andersons, Inc. (ANDE) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $313.0M, roughly 1.1× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 20.5%, a 14.3% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs -2.4%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% 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.
First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.
ANDE vs FIBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $313.0M |
| Net Profit | $67.4M | $108.8M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 44.5% |
| Net Margin | 20.5% | 34.8% |
| Revenue YoY | -2.4% | 19.8% |
| Net Profit YoY | 49.6% | 108.8% |
| EPS (diluted) | — | $1.07 |
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 | $313.0M | ||
| Q3 25 | $295.8M | $250.5M | ||
| Q2 25 | $535.0M | $248.3M | ||
| Q1 25 | $370.8M | $247.0M | ||
| Q4 24 | $337.5M | $261.3M | ||
| Q3 24 | $231.9M | $251.9M | ||
| Q2 24 | $492.5M | $244.3M | ||
| Q1 24 | $341.4M | $242.2M |
| Q4 25 | $67.4M | $108.8M | ||
| Q3 25 | $20.1M | $71.4M | ||
| Q2 25 | $7.9M | $71.7M | ||
| Q1 25 | $284.0K | $50.2M | ||
| Q4 24 | $45.1M | $52.1M | ||
| Q3 24 | $27.4M | $55.5M | ||
| Q2 24 | $36.0M | $60.0M | ||
| Q1 24 | $5.6M | $58.4M |
| 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% | 44.5% | ||
| Q3 25 | 8.7% | 37.0% | ||
| Q2 25 | 4.6% | 37.7% | ||
| Q1 25 | 0.9% | 26.9% | ||
| Q4 24 | 19.9% | 25.5% | ||
| Q3 24 | 26.8% | 28.9% | ||
| Q2 24 | 11.6% | 32.1% | ||
| Q1 24 | 4.1% | 31.7% |
| Q4 25 | 20.5% | 34.8% | ||
| Q3 25 | 6.8% | 28.5% | ||
| Q2 25 | 1.5% | 28.9% | ||
| Q1 25 | 0.1% | 20.3% | ||
| Q4 24 | 13.4% | 19.9% | ||
| Q3 24 | 11.8% | 22.0% | ||
| Q2 24 | 7.3% | 24.6% | ||
| Q1 24 | 1.6% | 24.1% |
| Q4 25 | — | $1.07 | ||
| Q3 25 | $0.59 | $0.69 | ||
| Q2 25 | $0.23 | $0.69 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | $1.31 | $0.50 | ||
| Q3 24 | $0.80 | $0.54 | ||
| Q2 24 | $1.05 | $0.58 | ||
| 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 | — |
| Total DebtLower is stronger | $560.0M | $146.3M |
| Stockholders' EquityBook value | $1.2B | $3.4B |
| Total Assets | $3.7B | $26.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $560.0M | $146.3M | ||
| Q3 25 | — | $146.2M | ||
| Q2 25 | — | $252.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | $132.2M | ||
| Q3 24 | — | $137.3M | ||
| Q2 24 | — | $383.4M | ||
| Q1 24 | — | $370.8M |
| Q4 25 | $1.2B | $3.4B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | $1.4B | $3.4B | ||
| Q1 25 | $1.4B | $3.4B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.3B | $3.4B | ||
| Q2 24 | $1.3B | $3.2B | ||
| Q1 24 | $1.3B | $3.2B |
| Q4 25 | $3.7B | $26.6B | ||
| Q3 25 | $3.3B | $27.3B | ||
| Q2 25 | $3.4B | $27.6B | ||
| Q1 25 | $3.8B | $28.3B | ||
| Q4 24 | $4.1B | $29.1B | ||
| Q3 24 | $3.4B | $29.6B | ||
| Q2 24 | $3.3B | $30.3B | ||
| Q1 24 | $3.3B | $30.1B |
| Q4 25 | 0.45× | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $305.6M |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $305.6M | ||
| Q3 25 | $233.9M | $91.7M | ||
| Q2 25 | $299.3M | $68.1M | ||
| Q1 25 | $-350.0M | $78.5M | ||
| Q4 24 | $268.8M | $355.0M | ||
| Q3 24 | $-2.1M | $89.9M | ||
| Q2 24 | $304.4M | $82.3M | ||
| Q1 24 | $-239.6M | $87.6M |
| 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 24 | $-266.4M | — |
| 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 24 | -78.0% | — |
| 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 24 | 7.8% | — |
| Q4 25 | -0.09× | 2.81× | ||
| Q3 25 | 11.61× | 1.28× | ||
| Q2 25 | 38.10× | 0.95× | ||
| Q1 25 | -1232.46× | 1.56× | ||
| Q4 24 | 5.96× | 6.81× | ||
| Q3 24 | -0.08× | 1.62× | ||
| Q2 24 | 8.46× | 1.37× | ||
| Q1 24 | -42.94× | 1.50× |
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% |
FIBK
Segment breakdown not available.
