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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Hillenbrand, Inc. (HI). Click either name above to swap in a different company.
Hillenbrand, Inc. is the larger business by last-quarter revenue ($550.2M vs $329.5M, roughly 1.7× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs -0.4%, a 20.9% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -22.2%). Hillenbrand, Inc. produced more free cash flow last quarter ($-31.6M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -16.3%).
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.
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
ANDE vs HI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $550.2M |
| Net Profit | $67.4M | $-2.2M |
| Gross Margin | 70.3% | 33.4% |
| Operating Margin | 26.6% | -2.2% |
| Net Margin | 20.5% | -0.4% |
| Revenue YoY | -2.4% | -22.2% |
| Net Profit YoY | 49.6% | -134.4% |
| EPS (diluted) | — | — |
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 | $550.2M | ||
| Q3 25 | $295.8M | $652.1M | ||
| Q2 25 | $535.0M | $598.9M | ||
| Q1 25 | $370.8M | $715.9M | ||
| Q4 24 | $337.5M | $706.9M | ||
| Q3 24 | $231.9M | $837.6M | ||
| Q2 24 | $492.5M | $786.6M | ||
| Q1 24 | $341.4M | $785.3M |
| Q4 25 | $67.4M | $-2.2M | ||
| Q3 25 | $20.1M | $75.7M | ||
| Q2 25 | $7.9M | $1.9M | ||
| Q1 25 | $284.0K | $-40.9M | ||
| Q4 24 | $45.1M | $6.4M | ||
| Q3 24 | $27.4M | $14.6M | ||
| Q2 24 | $36.0M | $-248.9M | ||
| Q1 24 | $5.6M | $6.1M |
| Q4 25 | 70.3% | 33.4% | ||
| Q3 25 | 57.8% | 34.8% | ||
| Q2 25 | 29.6% | 33.8% | ||
| Q1 25 | 41.2% | 33.0% | ||
| Q4 24 | 63.1% | 33.2% | ||
| Q3 24 | 76.4% | 34.4% | ||
| Q2 24 | 35.6% | 33.9% | ||
| Q1 24 | 37.6% | 31.9% |
| Q4 25 | 26.6% | -2.2% | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 4.6% | 1.8% | ||
| Q1 25 | 0.9% | -6.2% | ||
| Q4 24 | 19.9% | 2.2% | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 11.6% | -32.7% | ||
| Q1 24 | 4.1% | 1.6% |
| Q4 25 | 20.5% | -0.4% | ||
| Q3 25 | 6.8% | 11.6% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 0.1% | -5.7% | ||
| Q4 24 | 13.4% | 0.9% | ||
| Q3 24 | 11.8% | 1.7% | ||
| Q2 24 | 7.3% | -31.6% | ||
| Q1 24 | 1.6% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | $0.59 | $1.07 | ||
| Q2 25 | $0.23 | $0.03 | ||
| Q1 25 | $0.01 | $-0.58 | ||
| Q4 24 | $1.31 | $0.09 | ||
| Q3 24 | $0.80 | $0.20 | ||
| Q2 24 | $1.05 | $-3.53 | ||
| Q1 24 | $0.16 | $0.09 |
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 | $173.1M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $1.4B |
| Total Assets | $3.7B | $4.5B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $173.1M | ||
| Q3 25 | — | $164.8M | ||
| Q2 25 | — | $162.8M | ||
| Q1 25 | — | $458.4M | ||
| Q4 24 | $561.8M | $208.0M | ||
| Q3 24 | — | $199.3M | ||
| Q2 24 | — | $223.8M | ||
| Q1 24 | — | $224.4M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $608.2M | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.7B |
| Q4 25 | $3.7B | $4.5B | ||
| Q3 25 | $3.3B | $4.5B | ||
| Q2 25 | $3.4B | $4.7B | ||
| Q1 25 | $3.8B | $4.8B | ||
| Q4 24 | $4.1B | $5.1B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.3B | $5.3B | ||
| Q1 24 | $3.3B | $5.6B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 0.45× | 1.38× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.48× | ||
| Q1 24 | — | 1.28× |
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 | $-27.4M |
| Free Cash FlowOCF − Capex | $-77.1M | $-31.6M |
| FCF MarginFCF / Revenue | -23.4% | -5.7% |
| Capex IntensityCapex / Revenue | 21.5% | 0.8% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $7.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $-27.4M | ||
| Q3 25 | $233.9M | $67.7M | ||
| Q2 25 | $299.3M | $-1.5M | ||
| Q1 25 | $-350.0M | $1.3M | ||
| Q4 24 | $268.8M | $-11.3M | ||
| Q3 24 | $-2.1M | $166.5M | ||
| Q2 24 | $304.4M | $45.6M | ||
| Q1 24 | $-239.6M | $3.2M |
| Q4 25 | $-77.1M | $-31.6M | ||
| Q3 25 | $167.0M | $58.6M | ||
| Q2 25 | $250.5M | $-11.2M | ||
| Q1 25 | $-396.6M | $-8.0M | ||
| Q4 24 | $212.9M | $-21.5M | ||
| Q3 24 | $-40.0M | $153.4M | ||
| Q2 24 | $275.8M | $29.7M | ||
| Q1 24 | $-266.4M | $-9.6M |
| Q4 25 | -23.4% | -5.7% | ||
| Q3 25 | 56.5% | 9.0% | ||
| Q2 25 | 46.8% | -1.9% | ||
| Q1 25 | -106.9% | -1.1% | ||
| Q4 24 | 63.1% | -3.0% | ||
| Q3 24 | -17.2% | 18.3% | ||
| Q2 24 | 56.0% | 3.8% | ||
| Q1 24 | -78.0% | -1.2% |
| Q4 25 | 21.5% | 0.8% | ||
| Q3 25 | 22.6% | 1.4% | ||
| Q2 25 | 9.1% | 1.6% | ||
| Q1 25 | 12.6% | 1.3% | ||
| Q4 24 | 16.6% | 1.4% | ||
| Q3 24 | 16.3% | 1.6% | ||
| Q2 24 | 5.8% | 2.0% | ||
| Q1 24 | 7.8% | 1.6% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | 0.89× | ||
| Q2 25 | 38.10× | -0.79× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | -1.77× | ||
| Q3 24 | -0.08× | 11.40× | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | 0.52× |
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% |
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
