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Side-by-side financial comparison of Andersons, Inc. (ANDE) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $177.1M, roughly 1.9× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 20.5%, a 12.4% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs -2.4%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-77.1M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% 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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
ANDE vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $177.1M |
| Net Profit | $67.4M | $58.2M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 30.9% |
| Net Margin | 20.5% | 32.8% |
| Revenue YoY | -2.4% | 7.2% |
| Net Profit YoY | 49.6% | 149.2% |
| EPS (diluted) | — | $0.23 |
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 | $177.1M | ||
| Q3 25 | $295.8M | $135.0M | ||
| Q2 25 | $535.0M | $119.7M | ||
| Q1 25 | $370.8M | $125.8M | ||
| Q4 24 | $337.5M | $165.3M | ||
| Q3 24 | $231.9M | $122.9M | ||
| Q2 24 | $492.5M | $117.0M | ||
| Q1 24 | $341.4M | $108.9M |
| Q4 25 | $67.4M | $58.2M | ||
| Q3 25 | $20.1M | $10.5M | ||
| Q2 25 | $7.9M | $15.4M | ||
| Q1 25 | $284.0K | $463.0K | ||
| Q4 24 | $45.1M | $7.6M | ||
| Q3 24 | $27.4M | $4.2M | ||
| Q2 24 | $36.0M | $4.8M | ||
| Q1 24 | $5.6M | $2.1M |
| 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% | 30.9% | ||
| Q3 25 | 8.7% | 32.7% | ||
| Q2 25 | 4.6% | 16.1% | ||
| Q1 25 | 0.9% | 12.2% | ||
| Q4 24 | 19.9% | 26.4% | ||
| Q3 24 | 26.8% | 20.3% | ||
| Q2 24 | 11.6% | 17.8% | ||
| Q1 24 | 4.1% | -14.7% |
| Q4 25 | 20.5% | 32.8% | ||
| Q3 25 | 6.8% | 7.8% | ||
| Q2 25 | 1.5% | 12.9% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 13.4% | 4.6% | ||
| Q3 24 | 11.8% | 3.4% | ||
| Q2 24 | 7.3% | 4.1% | ||
| Q1 24 | 1.6% | 2.0% |
| Q4 25 | — | $0.23 | ||
| Q3 25 | $0.59 | $0.16 | ||
| Q2 25 | $0.23 | $0.05 | ||
| Q1 25 | $0.01 | $-0.02 | ||
| Q4 24 | $1.31 | $0.09 | ||
| Q3 24 | $0.80 | $0.03 | ||
| Q2 24 | $1.05 | $0.04 | ||
| Q1 24 | $0.16 | $-0.13 |
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 | $242.1M |
| Total DebtLower is stronger | $560.0M | $428.4M |
| Stockholders' EquityBook value | $1.2B | $27.0M |
| Total Assets | $3.7B | $813.8M |
| Debt / EquityLower = less leverage | 0.45× | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $242.1M | ||
| Q3 25 | — | $182.7M | ||
| Q2 25 | — | $136.3M | ||
| Q1 25 | — | $94.5M | ||
| Q4 24 | $561.8M | $89.5M | ||
| Q3 24 | — | $98.4M | ||
| Q2 24 | — | $73.9M | ||
| Q1 24 | — | $41.9M |
| Q4 25 | $560.0M | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | $608.2M | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
| Q4 25 | $1.2B | $27.0M | ||
| Q3 25 | $1.2B | $-7.4M | ||
| Q2 25 | $1.4B | $-12.3M | ||
| Q1 25 | $1.4B | $-28.3M | ||
| Q4 24 | $1.4B | $-27.6M | ||
| Q3 24 | $1.3B | $-31.9M | ||
| Q2 24 | $1.3B | $-28.5M | ||
| Q1 24 | $1.3B | $-26.4M |
| Q4 25 | $3.7B | $813.8M | ||
| Q3 25 | $3.3B | $685.9M | ||
| Q2 25 | $3.4B | $636.9M | ||
| Q1 25 | $3.8B | $579.8M | ||
| Q4 24 | $4.1B | $612.7M | ||
| Q3 24 | $3.4B | $575.0M | ||
| Q2 24 | $3.3B | $543.9M | ||
| Q1 24 | $3.3B | $497.3M |
| Q4 25 | 0.45× | 15.87× | ||
| 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 | $183.5M |
| Free Cash FlowOCF − Capex | $-77.1M | $175.0M |
| FCF MarginFCF / Revenue | -23.4% | 98.8% |
| Capex IntensityCapex / Revenue | 21.5% | 4.8% |
| Cash ConversionOCF / Net Profit | -0.09× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $183.5M | ||
| Q3 25 | $233.9M | $79.8M | ||
| Q2 25 | $299.3M | $42.0M | ||
| Q1 25 | $-350.0M | $33.3M | ||
| Q4 24 | $268.8M | $148.8M | ||
| Q3 24 | $-2.1M | $69.0M | ||
| Q2 24 | $304.4M | $17.5M | ||
| Q1 24 | $-239.6M | $24.2M |
| Q4 25 | $-77.1M | $175.0M | ||
| Q3 25 | $167.0M | $78.3M | ||
| Q2 25 | $250.5M | $40.8M | ||
| Q1 25 | $-396.6M | $32.1M | ||
| Q4 24 | $212.9M | $132.0M | ||
| Q3 24 | $-40.0M | $62.2M | ||
| Q2 24 | $275.8M | $12.8M | ||
| Q1 24 | $-266.4M | $20.0M |
| Q4 25 | -23.4% | 98.8% | ||
| Q3 25 | 56.5% | 58.0% | ||
| Q2 25 | 46.8% | 34.1% | ||
| Q1 25 | -106.9% | 25.5% | ||
| Q4 24 | 63.1% | 79.9% | ||
| Q3 24 | -17.2% | 50.6% | ||
| Q2 24 | 56.0% | 10.9% | ||
| Q1 24 | -78.0% | 18.4% |
| Q4 25 | 21.5% | 4.8% | ||
| Q3 25 | 22.6% | 1.1% | ||
| Q2 25 | 9.1% | 1.0% | ||
| Q1 25 | 12.6% | 0.9% | ||
| Q4 24 | 16.6% | 10.1% | ||
| Q3 24 | 16.3% | 5.5% | ||
| Q2 24 | 5.8% | 4.0% | ||
| Q1 24 | 7.8% | 3.9% |
| Q4 25 | -0.09× | 3.16× | ||
| Q3 25 | 11.61× | 7.61× | ||
| Q2 25 | 38.10× | 2.72× | ||
| Q1 25 | -1232.46× | 71.84× | ||
| Q4 24 | 5.96× | 19.54× | ||
| Q3 24 | -0.08× | 16.60× | ||
| Q2 24 | 8.46× | 3.64× | ||
| Q1 24 | -42.94× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
