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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $181.5M, roughly 1.8× Mistras Group, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 2.1%, a 18.4% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -2.4%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-77.1M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% 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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
ANDE vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $181.5M |
| Net Profit | $67.4M | $3.8M |
| Gross Margin | 70.3% | 28.4% |
| Operating Margin | 26.6% | 7.0% |
| Net Margin | 20.5% | 2.1% |
| Revenue YoY | -2.4% | 5.1% |
| Net Profit YoY | 49.6% | -27.4% |
| EPS (diluted) | — | $0.12 |
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 | $181.5M | ||
| Q3 25 | $295.8M | $195.5M | ||
| Q2 25 | $535.0M | $185.4M | ||
| Q1 25 | $370.8M | $161.6M | ||
| Q4 24 | $337.5M | $172.7M | ||
| Q3 24 | $231.9M | $182.7M | ||
| Q2 24 | $492.5M | $189.8M | ||
| Q1 24 | $341.4M | $184.4M |
| Q4 25 | $67.4M | $3.8M | ||
| Q3 25 | $20.1M | $13.1M | ||
| Q2 25 | $7.9M | $3.0M | ||
| Q1 25 | $284.0K | $-3.2M | ||
| Q4 24 | $45.1M | $5.2M | ||
| Q3 24 | $27.4M | $6.4M | ||
| Q2 24 | $36.0M | $6.4M | ||
| Q1 24 | $5.6M | $995.0K |
| Q4 25 | 70.3% | 28.4% | ||
| Q3 25 | 57.8% | 29.8% | ||
| Q2 25 | 29.6% | 29.1% | ||
| Q1 25 | 41.2% | 25.3% | ||
| Q4 24 | 63.1% | 26.5% | ||
| Q3 24 | 76.4% | 26.8% | ||
| Q2 24 | 35.6% | 27.1% | ||
| Q1 24 | 37.6% | 25.0% |
| Q4 25 | 26.6% | 7.0% | ||
| Q3 25 | 8.7% | 10.4% | ||
| Q2 25 | 4.6% | 4.5% | ||
| Q1 25 | 0.9% | -0.6% | ||
| Q4 24 | 19.9% | 6.1% | ||
| Q3 24 | 26.8% | 6.5% | ||
| Q2 24 | 11.6% | 6.3% | ||
| Q1 24 | 4.1% | 3.0% |
| Q4 25 | 20.5% | 2.1% | ||
| Q3 25 | 6.8% | 6.7% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 0.1% | -2.0% | ||
| Q4 24 | 13.4% | 3.0% | ||
| Q3 24 | 11.8% | 3.5% | ||
| Q2 24 | 7.3% | 3.4% | ||
| Q1 24 | 1.6% | 0.5% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | $0.59 | $0.41 | ||
| Q2 25 | $0.23 | $0.10 | ||
| Q1 25 | $0.01 | $-0.10 | ||
| Q4 24 | $1.31 | $0.17 | ||
| Q3 24 | $0.80 | $0.20 | ||
| Q2 24 | $1.05 | $0.20 | ||
| Q1 24 | $0.16 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | $560.0M | $178.0M |
| Stockholders' EquityBook value | $1.2B | $235.1M |
| Total Assets | $3.7B | $578.8M |
| Debt / EquityLower = less leverage | 0.45× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $28.0M | ||
| Q3 25 | — | $27.8M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $18.5M | ||
| Q4 24 | $561.8M | $18.3M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | — | $17.2M | ||
| Q1 24 | — | $16.9M |
| Q4 25 | $560.0M | $178.0M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $189.4M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | $608.2M | $169.6M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $199.7M | ||
| Q1 24 | — | $198.4M |
| Q4 25 | $1.2B | $235.1M | ||
| Q3 25 | $1.2B | $227.4M | ||
| Q2 25 | $1.4B | $215.8M | ||
| Q1 25 | $1.4B | $198.7M | ||
| Q4 24 | $1.4B | $198.6M | ||
| Q3 24 | $1.3B | $205.2M | ||
| Q2 24 | $1.3B | $193.2M | ||
| Q1 24 | $1.3B | $187.1M |
| Q4 25 | $3.7B | $578.8M | ||
| Q3 25 | $3.3B | $596.3M | ||
| Q2 25 | $3.4B | $571.0M | ||
| Q1 25 | $3.8B | $526.8M | ||
| Q4 24 | $4.1B | $523.0M | ||
| Q3 24 | $3.4B | $551.7M | ||
| Q2 24 | $3.3B | $548.1M | ||
| Q1 24 | $3.3B | $542.1M |
| Q4 25 | 0.45× | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 0.45× | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $-77.1M | $26.0M |
| FCF MarginFCF / Revenue | -23.4% | 14.3% |
| Capex IntensityCapex / Revenue | 21.5% | 3.4% |
| Cash ConversionOCF / Net Profit | -0.09× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $32.1M | ||
| Q3 25 | $233.9M | $4.5M | ||
| Q2 25 | $299.3M | $-9.3M | ||
| Q1 25 | $-350.0M | $5.6M | ||
| Q4 24 | $268.8M | $25.7M | ||
| Q3 24 | $-2.1M | $19.4M | ||
| Q2 24 | $304.4M | $4.5M | ||
| Q1 24 | $-239.6M | $604.0K |
| Q4 25 | $-77.1M | $26.0M | ||
| Q3 25 | $167.0M | $-4.1M | ||
| Q2 25 | $250.5M | $-14.7M | ||
| Q1 25 | $-396.6M | $1.1M | ||
| Q4 24 | $212.9M | $22.1M | ||
| Q3 24 | $-40.0M | $14.6M | ||
| Q2 24 | $275.8M | $-284.0K | ||
| Q1 24 | $-266.4M | $-4.2M |
| Q4 25 | -23.4% | 14.3% | ||
| Q3 25 | 56.5% | -2.1% | ||
| Q2 25 | 46.8% | -7.9% | ||
| Q1 25 | -106.9% | 0.7% | ||
| Q4 24 | 63.1% | 12.8% | ||
| Q3 24 | -17.2% | 8.0% | ||
| Q2 24 | 56.0% | -0.1% | ||
| Q1 24 | -78.0% | -2.3% |
| Q4 25 | 21.5% | 3.4% | ||
| Q3 25 | 22.6% | 4.4% | ||
| Q2 25 | 9.1% | 2.9% | ||
| Q1 25 | 12.6% | 2.8% | ||
| Q4 24 | 16.6% | 2.1% | ||
| Q3 24 | 16.3% | 2.6% | ||
| Q2 24 | 5.8% | 2.5% | ||
| Q1 24 | 7.8% | 2.6% |
| Q4 25 | -0.09× | 8.55× | ||
| Q3 25 | 11.61× | 0.34× | ||
| Q2 25 | 38.10× | -3.07× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | 4.96× | ||
| Q3 24 | -0.08× | 3.02× | ||
| Q2 24 | 8.46× | 0.71× | ||
| Q1 24 | -42.94× | 0.61× |
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% |
MG
Segment breakdown not available.
