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Side-by-side financial comparison of Andersons, Inc. (ANDE) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $246.2M, roughly 1.3× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 20.5%, a 19.2% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs -2.4%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $-77.1M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% 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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
ANDE vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $246.2M |
| Net Profit | $67.4M | $97.7M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 58.5% |
| Net Margin | 20.5% | 39.7% |
| Revenue YoY | -2.4% | 52.1% |
| Net Profit YoY | 49.6% | 3679.2% |
| EPS (diluted) | — | $7.29 |
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 | $246.2M | ||
| Q3 25 | $295.8M | $216.3M | ||
| Q2 25 | $535.0M | $221.9M | ||
| Q1 25 | $370.8M | $216.4M | ||
| Q4 24 | $337.5M | $161.9M | ||
| Q3 24 | $231.9M | $175.3M | ||
| Q2 24 | $492.5M | $206.2M | ||
| Q1 24 | $341.4M | $206.6M |
| Q4 25 | $67.4M | $97.7M | ||
| Q3 25 | $20.1M | $65.5M | ||
| Q2 25 | $7.9M | $66.2M | ||
| Q1 25 | $284.0K | $69.7M | ||
| Q4 24 | $45.1M | $2.6M | ||
| Q3 24 | $27.4M | $5.7M | ||
| Q2 24 | $36.0M | $54.1M | ||
| Q1 24 | $5.6M | $47.6M |
| 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% | 58.5% | ||
| Q3 25 | 8.7% | 41.9% | ||
| Q2 25 | 4.6% | 42.5% | ||
| Q1 25 | 0.9% | 46.4% | ||
| Q4 24 | 19.9% | 3.6% | ||
| Q3 24 | 26.8% | 8.0% | ||
| Q2 24 | 11.6% | 36.9% | ||
| Q1 24 | 4.1% | 37.5% |
| Q4 25 | 20.5% | 39.7% | ||
| Q3 25 | 6.8% | 30.3% | ||
| Q2 25 | 1.5% | 29.8% | ||
| Q1 25 | 0.1% | 32.2% | ||
| Q4 24 | 13.4% | 1.6% | ||
| Q3 24 | 11.8% | 3.2% | ||
| Q2 24 | 7.3% | 26.2% | ||
| Q1 24 | 1.6% | 23.0% |
| Q4 25 | — | $7.29 | ||
| Q3 25 | $0.59 | $4.90 | ||
| Q2 25 | $0.23 | $5.18 | ||
| Q1 25 | $0.01 | $5.35 | ||
| Q4 24 | $1.31 | $0.32 | ||
| Q3 24 | $0.80 | $0.52 | ||
| Q2 24 | $1.05 | $4.24 | ||
| Q1 24 | $0.16 | $3.81 |
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 | $1.2B |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $1.0B |
| Total Assets | $3.7B | $2.5B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $1.2B | ||
| Q3 25 | — | $987.9M | ||
| Q2 25 | — | $947.2M | ||
| Q1 25 | — | $754.5M | ||
| Q4 24 | $561.8M | $532.5M | ||
| Q3 24 | — | $518.8M | ||
| Q2 24 | — | $445.8M | ||
| Q1 24 | — | $655.4M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $821.8M | ||
| Q2 25 | $1.4B | $758.6M | ||
| Q1 25 | $1.4B | $522.7M | ||
| Q4 24 | $1.4B | $453.3M | ||
| Q3 24 | $1.3B | $455.3M | ||
| Q2 24 | $1.3B | $447.3M | ||
| Q1 24 | $1.3B | $395.7M |
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.3B | $2.3B | ||
| Q2 25 | $3.4B | $2.4B | ||
| Q1 25 | $3.8B | $2.3B | ||
| Q4 24 | $4.1B | $2.2B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.3B | $1.9B | ||
| Q1 24 | $3.3B | $1.8B |
| Q4 25 | 0.45× | — | ||
| 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 | $444.4M |
| Free Cash FlowOCF − Capex | $-77.1M | $440.8M |
| FCF MarginFCF / Revenue | -23.4% | 179.0% |
| Capex IntensityCapex / Revenue | 21.5% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.09× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $444.4M | ||
| Q3 25 | $233.9M | $26.7M | ||
| Q2 25 | $299.3M | $145.0M | ||
| Q1 25 | $-350.0M | $162.0M | ||
| Q4 24 | $268.8M | $331.8M | ||
| Q3 24 | $-2.1M | $104.1M | ||
| Q2 24 | $304.4M | $-29.0M | ||
| Q1 24 | $-239.6M | $182.0M |
| Q4 25 | $-77.1M | $440.8M | ||
| Q3 25 | $167.0M | $25.9M | ||
| Q2 25 | $250.5M | $144.5M | ||
| Q1 25 | $-396.6M | $160.3M | ||
| Q4 24 | $212.9M | $327.8M | ||
| Q3 24 | $-40.0M | $103.2M | ||
| Q2 24 | $275.8M | $-30.1M | ||
| Q1 24 | $-266.4M | $181.0M |
| Q4 25 | -23.4% | 179.0% | ||
| Q3 25 | 56.5% | 12.0% | ||
| Q2 25 | 46.8% | 65.1% | ||
| Q1 25 | -106.9% | 74.1% | ||
| Q4 24 | 63.1% | 202.5% | ||
| Q3 24 | -17.2% | 58.9% | ||
| Q2 24 | 56.0% | -14.6% | ||
| Q1 24 | -78.0% | 87.6% |
| Q4 25 | 21.5% | 1.5% | ||
| Q3 25 | 22.6% | 0.4% | ||
| Q2 25 | 9.1% | 0.2% | ||
| Q1 25 | 12.6% | 0.8% | ||
| Q4 24 | 16.6% | 2.5% | ||
| Q3 24 | 16.3% | 0.5% | ||
| Q2 24 | 5.8% | 0.5% | ||
| Q1 24 | 7.8% | 0.5% |
| Q4 25 | -0.09× | 4.55× | ||
| Q3 25 | 11.61× | 0.41× | ||
| Q2 25 | 38.10× | 2.19× | ||
| Q1 25 | -1232.46× | 2.32× | ||
| Q4 24 | 5.96× | 128.41× | ||
| Q3 24 | -0.08× | 18.33× | ||
| Q2 24 | 8.46× | -0.54× | ||
| Q1 24 | -42.94× | 3.82× |
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% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
