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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Jefferies Financial Group Inc. (JEF), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Jefferies Financial Group Inc. is the larger business by last-quarter revenue ($1.7B vs $329.5M, roughly 5.1× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 12.6%, a 7.8% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $-77.1M).
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.
Jefferies Financial Group Inc. is an American financial services company based in New York City. It is listed on the New York Stock Exchange and is a part of the Fortune 1000.
ANDE vs JEF — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $1.7B |
| Net Profit | $67.4M | $211.3M |
| Gross Margin | 70.3% | 95.7% |
| Operating Margin | 26.6% | 15.2% |
| Net Margin | 20.5% | 12.6% |
| Revenue YoY | -2.4% | — |
| Net Profit YoY | 49.6% | — |
| EPS (diluted) | — | $0.85 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $329.5M | $1.7B | ||
| Q3 25 | $295.8M | $1.5B | ||
| Q2 25 | $535.0M | $1.2B | ||
| Q1 25 | $370.8M | $1.1B | ||
| Q4 24 | $337.5M | — | ||
| Q3 24 | $231.9M | $1.2B | ||
| Q2 24 | $492.5M | $1.0B | ||
| Q1 24 | $341.4M | $971.2M |
| Q4 25 | $67.4M | $211.3M | ||
| Q3 25 | $20.1M | $242.5M | ||
| Q2 25 | $7.9M | $91.4M | ||
| Q1 25 | $284.0K | $136.8M | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $27.4M | $181.0M | ||
| Q2 24 | $36.0M | $154.7M | ||
| Q1 24 | $5.6M | $156.4M |
| Q4 25 | 70.3% | 95.7% | ||
| Q3 25 | 57.8% | 97.7% | ||
| Q2 25 | 29.6% | 96.5% | ||
| Q1 25 | 41.2% | 96.4% | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | 96.9% | ||
| Q2 24 | 35.6% | 96.4% | ||
| Q1 24 | 37.6% | 96.4% |
| Q4 25 | 26.6% | 15.2% | ||
| Q3 25 | 8.7% | 22.1% | ||
| Q2 25 | 4.6% | 11.0% | ||
| Q1 25 | 0.9% | 13.2% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 26.8% | 20.7% | ||
| Q2 24 | 11.6% | 22.0% | ||
| Q1 24 | 4.1% | 22.7% |
| Q4 25 | 20.5% | 12.6% | ||
| Q3 25 | 6.8% | 16.1% | ||
| Q2 25 | 1.5% | 7.4% | ||
| Q1 25 | 0.1% | 12.0% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 11.8% | 14.8% | ||
| Q2 24 | 7.3% | 14.9% | ||
| Q1 24 | 1.6% | 16.1% |
| Q4 25 | — | $0.85 | ||
| Q3 25 | $0.59 | $1.01 | ||
| Q2 25 | $0.23 | $0.40 | ||
| Q1 25 | $0.01 | $0.57 | ||
| Q4 24 | $1.31 | — | ||
| Q3 24 | $0.80 | $0.75 | ||
| Q2 24 | $1.05 | $0.64 | ||
| Q1 24 | $0.16 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $14.0B |
| Total DebtLower is stronger | $560.0M | $15.9B |
| Stockholders' EquityBook value | $1.2B | $10.6B |
| Total Assets | $3.7B | $76.0B |
| Debt / EquityLower = less leverage | 0.45× | 1.50× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $98.3M | $14.0B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | — | $11.3B | ||
| Q1 25 | — | $11.2B | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | $10.6B | ||
| Q2 24 | — | $10.8B | ||
| Q1 24 | — | $7.6B |
| Q4 25 | $560.0M | $15.9B | ||
| Q3 25 | — | $16.0B | ||
| Q2 25 | — | $15.4B | ||
| Q1 25 | — | $14.8B | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | $12.9B | ||
| Q2 24 | — | $12.7B | ||
| Q1 24 | — | $9.9B |
| Q4 25 | $1.2B | $10.6B | ||
| Q3 25 | $1.2B | $10.4B | ||
| Q2 25 | $1.4B | $10.3B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $10.0B | ||
| Q2 24 | $1.3B | $9.9B | ||
| Q1 24 | $1.3B | $9.8B |
| Q4 25 | $3.7B | $76.0B | ||
| Q3 25 | $3.3B | $69.3B | ||
| Q2 25 | $3.4B | $67.3B | ||
| Q1 25 | $3.8B | $70.2B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.4B | $63.3B | ||
| Q2 24 | $3.3B | $63.0B | ||
| Q1 24 | $3.3B | $60.9B |
| Q4 25 | 0.45× | 1.50× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.01× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $2.0B |
| Free Cash FlowOCF − Capex | $-77.1M | $1.9B |
| FCF MarginFCF / Revenue | -23.4% | 114.2% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 21.5% | 3.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | -0.09× | 9.30× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-1.7B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $-6.2M | $2.0B | ||
| Q3 25 | $233.9M | $184.2M | ||
| Q2 25 | $299.3M | $-978.3M | ||
| Q1 25 | $-350.0M | $-2.7B | ||
| Q4 24 | $268.8M | — | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $304.4M | — | ||
| Q1 24 | $-239.6M | $-1.3B |
| Q4 25 | $-77.1M | $1.9B | ||
| Q3 25 | $167.0M | $126.0M | ||
| Q2 25 | $250.5M | $-1.0B | ||
| Q1 25 | $-396.6M | $-2.7B | ||
| Q4 24 | $212.9M | — | ||
| Q3 24 | $-40.0M | — | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $-266.4M | $-1.4B |
| Q4 25 | -23.4% | 114.2% | ||
| Q3 25 | 56.5% | 8.4% | ||
| Q2 25 | 46.8% | -83.3% | ||
| Q1 25 | -106.9% | -237.2% | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | -17.2% | — | ||
| Q2 24 | 56.0% | — | ||
| Q1 24 | -78.0% | -139.4% |
| Q4 25 | 21.5% | 3.4% | ||
| Q3 25 | 22.6% | 3.9% | ||
| Q2 25 | 9.1% | 3.6% | ||
| Q1 25 | 12.6% | 4.3% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 7.8% | 9.9% |
| Q4 25 | -0.09× | 9.30× | ||
| Q3 25 | 11.61× | 0.76× | ||
| Q2 25 | 38.10× | -10.70× | ||
| Q1 25 | -1232.46× | -19.48× | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | -8.04× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
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% |
JEF
| Investment Banking Underwriting | $555.6M | 33% |
| Principal Transactions Revenue | $378.3M | 23% |
| Commissions And Other Fees | $356.0M | 21% |
| Other | $177.8M | 11% |
| Internet Connection And Boadband Revenue | $57.0M | 3% |
| Other Sources Of Revenue Miscellaneous | $53.3M | 3% |
| Real Estate | $50.7M | 3% |
| Strategic Affiliates Revenue | $13.8M | 1% |
| Asset Management1 | $12.1M | 1% |
| Fixed Income Services | $1.6M | 0% |
