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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $273.0M, roughly 1.2× Forestar Group Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 5.6%, a 14.8% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -2.4%). Andersons, Inc. produced more free cash flow last quarter ($-77.1M vs $-157.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
ANDE vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $273.0M |
| Net Profit | $67.4M | $15.4M |
| Gross Margin | 70.3% | 20.1% |
| Operating Margin | 26.6% | 7.6% |
| Net Margin | 20.5% | 5.6% |
| Revenue YoY | -2.4% | 9.0% |
| Net Profit YoY | 49.6% | -6.7% |
| EPS (diluted) | — | $0.30 |
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 | $273.0M | ||
| Q3 25 | $295.8M | $670.5M | ||
| Q2 25 | $535.0M | $390.5M | ||
| Q1 25 | $370.8M | $351.0M | ||
| Q4 24 | $337.5M | $250.4M | ||
| Q3 24 | $231.9M | $551.3M | ||
| Q2 24 | $492.5M | $318.4M | ||
| Q1 24 | $341.4M | $333.8M |
| Q4 25 | $67.4M | $15.4M | ||
| Q3 25 | $20.1M | $86.9M | ||
| Q2 25 | $7.9M | $32.9M | ||
| Q1 25 | $284.0K | $31.6M | ||
| Q4 24 | $45.1M | $16.5M | ||
| Q3 24 | $27.4M | $81.5M | ||
| Q2 24 | $36.0M | $38.7M | ||
| Q1 24 | $5.6M | $45.0M |
| Q4 25 | 70.3% | 20.1% | ||
| Q3 25 | 57.8% | 22.3% | ||
| Q2 25 | 29.6% | 20.4% | ||
| Q1 25 | 41.2% | 22.6% | ||
| Q4 24 | 63.1% | 22.0% | ||
| Q3 24 | 76.4% | 23.9% | ||
| Q2 24 | 35.6% | 22.5% | ||
| Q1 24 | 37.6% | 24.9% |
| Q4 25 | 26.6% | 7.6% | ||
| Q3 25 | 8.7% | 16.9% | ||
| Q2 25 | 4.6% | 11.2% | ||
| Q1 25 | 0.9% | 11.6% | ||
| Q4 24 | 19.9% | 8.7% | ||
| Q3 24 | 26.8% | 19.7% | ||
| Q2 24 | 11.6% | 16.2% | ||
| Q1 24 | 4.1% | 17.6% |
| Q4 25 | 20.5% | 5.6% | ||
| Q3 25 | 6.8% | 13.0% | ||
| Q2 25 | 1.5% | 8.4% | ||
| Q1 25 | 0.1% | 9.0% | ||
| Q4 24 | 13.4% | 6.6% | ||
| Q3 24 | 11.8% | 14.8% | ||
| Q2 24 | 7.3% | 12.2% | ||
| Q1 24 | 1.6% | 13.5% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | $0.59 | $1.70 | ||
| Q2 25 | $0.23 | $0.65 | ||
| Q1 25 | $0.01 | $0.62 | ||
| Q4 24 | $1.31 | $0.32 | ||
| Q3 24 | $0.80 | $1.59 | ||
| Q2 24 | $1.05 | $0.76 | ||
| Q1 24 | $0.16 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | $560.0M | $793.2M |
| Stockholders' EquityBook value | $1.2B | $1.8B |
| Total Assets | $3.7B | $3.2B |
| Debt / EquityLower = less leverage | 0.45× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $211.7M | ||
| Q3 25 | — | $379.2M | ||
| Q2 25 | — | $189.2M | ||
| Q1 25 | — | $174.3M | ||
| Q4 24 | $561.8M | $132.0M | ||
| Q3 24 | — | $481.2M | ||
| Q2 24 | — | $359.2M | ||
| Q1 24 | — | $416.2M |
| Q4 25 | $560.0M | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | $608.2M | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | $3.7B | $3.2B | ||
| Q3 25 | $3.3B | $3.1B | ||
| Q2 25 | $3.4B | $3.1B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $4.1B | $3.0B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.3B | $2.7B | ||
| Q1 24 | $3.3B | $2.6B |
| Q4 25 | 0.45× | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 0.45× | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $-77.1M | $-157.1M |
| FCF MarginFCF / Revenue | -23.4% | -57.5% |
| Capex IntensityCapex / Revenue | 21.5% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.09× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $-157.0M | ||
| Q3 25 | $233.9M | $256.3M | ||
| Q2 25 | $299.3M | $15.8M | ||
| Q1 25 | $-350.0M | $-19.8M | ||
| Q4 24 | $268.8M | $-450.0M | ||
| Q3 24 | $-2.1M | $119.2M | ||
| Q2 24 | $304.4M | $-61.7M | ||
| Q1 24 | $-239.6M | $-59.2M |
| Q4 25 | $-77.1M | $-157.1M | ||
| Q3 25 | $167.0M | $255.6M | ||
| Q2 25 | $250.5M | $15.0M | ||
| Q1 25 | $-396.6M | $-20.5M | ||
| Q4 24 | $212.9M | — | ||
| Q3 24 | $-40.0M | $118.4M | ||
| Q2 24 | $275.8M | $-62.3M | ||
| Q1 24 | $-266.4M | $-59.8M |
| Q4 25 | -23.4% | -57.5% | ||
| Q3 25 | 56.5% | 38.1% | ||
| Q2 25 | 46.8% | 3.8% | ||
| Q1 25 | -106.9% | -5.8% | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | -17.2% | 21.5% | ||
| Q2 24 | 56.0% | -19.6% | ||
| Q1 24 | -78.0% | -17.9% |
| Q4 25 | 21.5% | 0.0% | ||
| Q3 25 | 22.6% | 0.1% | ||
| Q2 25 | 9.1% | 0.2% | ||
| Q1 25 | 12.6% | 0.2% | ||
| Q4 24 | 16.6% | 0.0% | ||
| Q3 24 | 16.3% | 0.1% | ||
| Q2 24 | 5.8% | 0.2% | ||
| Q1 24 | 7.8% | 0.2% |
| Q4 25 | -0.09× | -10.19× | ||
| Q3 25 | 11.61× | 2.95× | ||
| Q2 25 | 38.10× | 0.48× | ||
| Q1 25 | -1232.46× | -0.63× | ||
| Q4 24 | 5.96× | -27.27× | ||
| Q3 24 | -0.08× | 1.46× | ||
| Q2 24 | 8.46× | -1.59× | ||
| Q1 24 | -42.94× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
