vs
Side-by-side financial comparison of Andersons, Inc. (ANDE) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $199.4M, roughly 1.7× H2O AMERICA). Andersons, Inc. runs the higher net margin — 20.5% vs 8.1%, a 12.3% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -2.4%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
ANDE vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $199.4M |
| Net Profit | $67.4M | $16.2M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 16.6% |
| Net Margin | 20.5% | 8.1% |
| Revenue YoY | -2.4% | 1.5% |
| Net Profit YoY | 49.6% | -29.2% |
| EPS (diluted) | — | $0.45 |
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 | $199.4M | ||
| Q3 25 | $295.8M | $243.5M | ||
| Q2 25 | $535.0M | $197.8M | ||
| Q1 25 | $370.8M | $164.9M | ||
| Q4 24 | $337.5M | $196.5M | ||
| Q3 24 | $231.9M | $216.7M | ||
| Q2 24 | $492.5M | $173.1M | ||
| Q1 24 | $341.4M | $150.0M |
| Q4 25 | $67.4M | $16.2M | ||
| Q3 25 | $20.1M | $45.1M | ||
| Q2 25 | $7.9M | $24.7M | ||
| Q1 25 | $284.0K | $16.6M | ||
| Q4 24 | $45.1M | $22.9M | ||
| Q3 24 | $27.4M | $38.7M | ||
| Q2 24 | $36.0M | $20.7M | ||
| Q1 24 | $5.6M | $11.7M |
| 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% | 16.6% | ||
| Q3 25 | 8.7% | 26.5% | ||
| Q2 25 | 4.6% | 22.2% | ||
| Q1 25 | 0.9% | 21.8% | ||
| Q4 24 | 19.9% | 22.2% | ||
| Q3 24 | 26.8% | 26.9% | ||
| Q2 24 | 11.6% | 23.4% | ||
| Q1 24 | 4.1% | 18.6% |
| Q4 25 | 20.5% | 8.1% | ||
| Q3 25 | 6.8% | 18.5% | ||
| Q2 25 | 1.5% | 12.5% | ||
| Q1 25 | 0.1% | 10.0% | ||
| Q4 24 | 13.4% | 11.7% | ||
| Q3 24 | 11.8% | 17.8% | ||
| Q2 24 | 7.3% | 12.0% | ||
| Q1 24 | 1.6% | 7.8% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $0.59 | $1.27 | ||
| Q2 25 | $0.23 | $0.71 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | $1.31 | $0.70 | ||
| Q3 24 | $0.80 | $1.17 | ||
| Q2 24 | $1.05 | $0.64 | ||
| Q1 24 | $0.16 | $0.36 |
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 | $20.7M |
| Total DebtLower is stronger | $560.0M | $1.9B |
| Stockholders' EquityBook value | $1.2B | $1.5B |
| Total Assets | $3.7B | $5.1B |
| Debt / EquityLower = less leverage | 0.45× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | — | $19.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $561.8M | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $22.8M | ||
| Q1 24 | — | $4.5M |
| Q4 25 | $560.0M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
| Q4 25 | $3.7B | $5.1B | ||
| Q3 25 | $3.3B | $5.0B | ||
| Q2 25 | $3.4B | $4.8B | ||
| Q1 25 | $3.8B | $4.7B | ||
| Q4 24 | $4.1B | $4.7B | ||
| Q3 24 | $3.4B | $4.6B | ||
| Q2 24 | $3.3B | $4.4B | ||
| Q1 24 | $3.3B | $4.4B |
| Q4 25 | 0.45× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | 1.26× | ||
| 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 | $63.5M |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $63.5M | ||
| Q3 25 | $233.9M | $77.3M | ||
| Q2 25 | $299.3M | $60.8M | ||
| Q1 25 | $-350.0M | $43.2M | ||
| Q4 24 | $268.8M | $41.5M | ||
| Q3 24 | $-2.1M | $53.5M | ||
| Q2 24 | $304.4M | $49.3M | ||
| Q1 24 | $-239.6M | $51.2M |
| 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 24 | $-266.4M | — |
| 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 24 | -78.0% | — |
| 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 24 | 7.8% | — |
| Q4 25 | -0.09× | 3.92× | ||
| Q3 25 | 11.61× | 1.71× | ||
| Q2 25 | 38.10× | 2.47× | ||
| Q1 25 | -1232.46× | 2.61× | ||
| Q4 24 | 5.96× | 1.81× | ||
| Q3 24 | -0.08× | 1.39× | ||
| Q2 24 | 8.46× | 2.38× | ||
| Q1 24 | -42.94× | 4.38× |
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% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
