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Side-by-side financial comparison of Andersons, Inc. (ANDE) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.
WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($458.6M vs $329.5M, roughly 1.4× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 15.8%, a 4.7% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -2.4%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% 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.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
ANDE vs HCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $458.6M |
| Net Profit | $67.4M | $72.3M |
| Gross Margin | 70.3% | 36.7% |
| Operating Margin | 26.6% | 17.3% |
| Net Margin | 20.5% | 15.8% |
| Revenue YoY | -2.4% | 52.1% |
| Net Profit YoY | 49.6% | — |
| EPS (diluted) | — | $1.37 |
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.
| Q1 26 | — | $458.6M | ||
| Q4 25 | $329.5M | $384.0M | ||
| Q3 25 | $295.8M | $328.6M | ||
| Q2 25 | $535.0M | $297.5M | ||
| Q1 25 | $370.8M | $299.9M | ||
| Q4 24 | $337.5M | $297.5M | ||
| Q3 24 | $231.9M | $327.7M | ||
| Q2 24 | $492.5M | $396.5M |
| Q1 26 | — | $72.3M | ||
| Q4 25 | $67.4M | $23.0M | ||
| Q3 25 | $20.1M | $36.6M | ||
| Q2 25 | $7.9M | $5.6M | ||
| Q1 25 | $284.0K | $-8.2M | ||
| Q4 24 | $45.1M | $1.1M | ||
| Q3 24 | $27.4M | $41.8M | ||
| Q2 24 | $36.0M | $70.7M |
| Q1 26 | — | 36.7% | ||
| Q4 25 | 70.3% | 29.5% | ||
| Q3 25 | 57.8% | 27.1% | ||
| Q2 25 | 29.6% | 23.9% | ||
| Q1 25 | 41.2% | 18.1% | ||
| Q4 24 | 63.1% | 23.1% | ||
| Q3 24 | 76.4% | 29.3% | ||
| Q2 24 | 35.6% | 34.1% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 26.6% | 9.0% | ||
| Q3 25 | 8.7% | 6.3% | ||
| Q2 25 | 4.6% | 2.6% | ||
| Q1 25 | 0.9% | -5.8% | ||
| Q4 24 | 19.9% | -1.4% | ||
| Q3 24 | 26.8% | 11.9% | ||
| Q2 24 | 11.6% | 17.9% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | 20.5% | 6.0% | ||
| Q3 25 | 6.8% | 11.1% | ||
| Q2 25 | 1.5% | 1.9% | ||
| Q1 25 | 0.1% | -2.7% | ||
| Q4 24 | 13.4% | 0.4% | ||
| Q3 24 | 11.8% | 12.7% | ||
| Q2 24 | 7.3% | 17.8% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | — | $0.43 | ||
| Q3 25 | $0.59 | $0.70 | ||
| Q2 25 | $0.23 | $0.11 | ||
| Q1 25 | $0.01 | $-0.16 | ||
| Q4 24 | $1.31 | $0.02 | ||
| Q3 24 | $0.80 | $0.80 | ||
| Q2 24 | $1.05 | $1.35 |
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 | $233.2M |
| Total DebtLower is stronger | $560.0M | $154.4M |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $3.7B | $2.8B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $233.2M | ||
| Q4 25 | $98.3M | $300.0M | ||
| Q3 25 | — | $336.3M | ||
| Q2 25 | — | $383.3M | ||
| Q1 25 | — | $454.9M | ||
| Q4 24 | $561.8M | $491.5M | ||
| Q3 24 | — | $583.2M | ||
| Q2 24 | — | $709.0M |
| Q1 26 | — | $154.4M | ||
| Q4 25 | $560.0M | $154.3M | ||
| Q3 25 | — | $154.1M | ||
| Q2 25 | — | $153.9M | ||
| Q1 25 | — | $153.8M | ||
| Q4 24 | $608.2M | $153.6M | ||
| Q3 24 | — | $153.5M | ||
| Q2 24 | — | $153.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.0B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $3.3B | $2.7B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.8B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.3B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | 0.45× | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | — |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $76.1M | ||
| Q3 25 | $233.9M | $104.7M | ||
| Q2 25 | $299.3M | $37.5M | ||
| Q1 25 | $-350.0M | $10.9M | ||
| Q4 24 | $268.8M | $54.2M | ||
| Q3 24 | $-2.1M | $62.2M | ||
| Q2 24 | $304.4M | $147.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -0.09× | 3.31× | ||
| Q3 25 | 11.61× | 2.86× | ||
| Q2 25 | 38.10× | 6.70× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | 47.68× | ||
| Q3 24 | -0.08× | 1.49× | ||
| Q2 24 | 8.46× | 2.08× |
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% |
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
