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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $267.3M, roughly 1.2× Metallus Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs -5.3%, a 25.8% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs -2.4%). Metallus Inc. produced more free cash flow last quarter ($-37.2M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -8.8%).
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.
ANDE vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $267.3M |
| Net Profit | $67.4M | $-14.3M |
| Gross Margin | 70.3% | 2.2% |
| Operating Margin | 26.6% | -7.7% |
| Net Margin | 20.5% | -5.3% |
| Revenue YoY | -2.4% | 11.1% |
| Net Profit YoY | 49.6% | 33.2% |
| EPS (diluted) | — | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $295.8M | $305.9M | ||
| Q2 25 | $535.0M | $304.6M | ||
| Q1 25 | $370.8M | $280.5M | ||
| Q4 24 | $337.5M | $240.5M | ||
| Q3 24 | $231.9M | $227.2M | ||
| Q2 24 | $492.5M | $294.7M | ||
| Q1 24 | $341.4M | $321.6M |
| Q4 25 | $67.4M | $-14.3M | ||
| Q3 25 | $20.1M | $8.1M | ||
| Q2 25 | $7.9M | $3.7M | ||
| Q1 25 | $284.0K | $1.3M | ||
| Q4 24 | $45.1M | $-21.4M | ||
| Q3 24 | $27.4M | $-5.9M | ||
| Q2 24 | $36.0M | $4.6M | ||
| Q1 24 | $5.6M | $24.0M |
| Q4 25 | 70.3% | 2.2% | ||
| Q3 25 | 57.8% | 11.4% | ||
| Q2 25 | 29.6% | 10.6% | ||
| Q1 25 | 41.2% | 7.8% | ||
| Q4 24 | 63.1% | 4.5% | ||
| Q3 24 | 76.4% | 5.3% | ||
| Q2 24 | 35.6% | 8.2% | ||
| Q1 24 | 37.6% | 15.7% |
| Q4 25 | 26.6% | -7.7% | ||
| Q3 25 | 8.7% | 3.6% | ||
| Q2 25 | 4.6% | 2.8% | ||
| Q1 25 | 0.9% | 1.0% | ||
| Q4 24 | 19.9% | -10.1% | ||
| Q3 24 | 26.8% | -3.1% | ||
| Q2 24 | 11.6% | 2.1% | ||
| Q1 24 | 4.1% | 9.3% |
| Q4 25 | 20.5% | -5.3% | ||
| Q3 25 | 6.8% | 2.6% | ||
| Q2 25 | 1.5% | 1.2% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 13.4% | -8.9% | ||
| Q3 24 | 11.8% | -2.6% | ||
| Q2 24 | 7.3% | 1.6% | ||
| Q1 24 | 1.6% | 7.5% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | $0.59 | $0.19 | ||
| Q2 25 | $0.23 | $0.09 | ||
| Q1 25 | $0.01 | $0.03 | ||
| Q4 24 | $1.31 | $-0.46 | ||
| Q3 24 | $0.80 | $-0.13 | ||
| Q2 24 | $1.05 | $0.10 | ||
| Q1 24 | $0.16 | $0.52 |
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 | $156.7M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $686.0M |
| Total Assets | $3.7B | $1.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $156.7M | ||
| Q3 25 | — | $191.5M | ||
| Q2 25 | — | $190.8M | ||
| Q1 25 | — | $180.3M | ||
| Q4 24 | $561.8M | $240.7M | ||
| Q3 24 | — | $254.6M | ||
| Q2 24 | — | $272.8M | ||
| Q1 24 | — | $278.1M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $608.2M | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $13.2M |
| Q4 25 | $1.2B | $686.0M | ||
| Q3 25 | $1.2B | $697.7M | ||
| Q2 25 | $1.4B | $690.0M | ||
| Q1 25 | $1.4B | $686.1M | ||
| Q4 24 | $1.4B | $690.5M | ||
| Q3 24 | $1.3B | $712.7M | ||
| Q2 24 | $1.3B | $736.3M | ||
| Q1 24 | $1.3B | $739.3M |
| Q4 25 | $3.7B | $1.1B | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.4B | $1.1B | ||
| Q1 25 | $3.8B | $1.1B | ||
| Q4 24 | $4.1B | $1.1B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.3B | $1.1B | ||
| Q1 24 | $3.3B | $1.2B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 0.45× | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | $-77.1M | $-37.2M |
| FCF MarginFCF / Revenue | -23.4% | -13.9% |
| Capex IntensityCapex / Revenue | 21.5% | 13.2% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $-1.9M | ||
| Q3 25 | $233.9M | $22.0M | ||
| Q2 25 | $299.3M | $34.8M | ||
| Q1 25 | $-350.0M | $-38.9M | ||
| Q4 24 | $268.8M | $13.9M | ||
| Q3 24 | $-2.1M | $-15.3M | ||
| Q2 24 | $304.4M | $8.3M | ||
| Q1 24 | $-239.6M | $33.4M |
| Q4 25 | $-77.1M | $-37.2M | ||
| Q3 25 | $167.0M | $-6.4M | ||
| Q2 25 | $250.5M | $17.0M | ||
| Q1 25 | $-396.6M | $-66.4M | ||
| Q4 24 | $212.9M | $-1.3M | ||
| Q3 24 | $-40.0M | $-32.9M | ||
| Q2 24 | $275.8M | $-5.8M | ||
| Q1 24 | $-266.4M | $16.0M |
| Q4 25 | -23.4% | -13.9% | ||
| Q3 25 | 56.5% | -2.1% | ||
| Q2 25 | 46.8% | 5.6% | ||
| Q1 25 | -106.9% | -23.7% | ||
| Q4 24 | 63.1% | -0.5% | ||
| Q3 24 | -17.2% | -14.5% | ||
| Q2 24 | 56.0% | -2.0% | ||
| Q1 24 | -78.0% | 5.0% |
| Q4 25 | 21.5% | 13.2% | ||
| Q3 25 | 22.6% | 9.3% | ||
| Q2 25 | 9.1% | 5.8% | ||
| Q1 25 | 12.6% | 9.8% | ||
| Q4 24 | 16.6% | 6.3% | ||
| Q3 24 | 16.3% | 7.7% | ||
| Q2 24 | 5.8% | 4.8% | ||
| Q1 24 | 7.8% | 5.4% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | 2.72× | ||
| Q2 25 | 38.10× | 9.41× | ||
| Q1 25 | -1232.46× | -29.92× | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | 1.80× | ||
| Q1 24 | -42.94× | 1.39× |
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% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
