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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.

Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $327.6M, roughly 1.0× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 20.5%, a 0.9% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -4.3%).

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

ANDE vs NMM — Head-to-Head

Bigger by revenue
ANDE
ANDE
1.0× larger
ANDE
$329.5M
$327.6M
NMM
Growing faster (revenue YoY)
ANDE
ANDE
+1.9% gap
ANDE
-2.4%
-4.3%
NMM
Higher net margin
NMM
NMM
0.9% more per $
NMM
21.4%
20.5%
ANDE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ANDE
ANDE
NMM
NMM
Revenue
$329.5M
$327.6M
Net Profit
$67.4M
$69.9M
Gross Margin
70.3%
90.5%
Operating Margin
26.6%
Net Margin
20.5%
21.4%
Revenue YoY
-2.4%
-4.3%
Net Profit YoY
49.6%
-31.1%
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.

Revenue
ANDE
ANDE
NMM
NMM
Q4 25
$329.5M
Q3 25
$295.8M
Q2 25
$535.0M
$327.6M
Q1 25
$370.8M
Q4 24
$337.5M
Q3 24
$231.9M
Q2 24
$492.5M
$342.2M
Q1 24
$341.4M
Net Profit
ANDE
ANDE
NMM
NMM
Q4 25
$67.4M
Q3 25
$20.1M
Q2 25
$7.9M
$69.9M
Q1 25
$284.0K
Q4 24
$45.1M
Q3 24
$27.4M
Q2 24
$36.0M
$101.5M
Q1 24
$5.6M
Gross Margin
ANDE
ANDE
NMM
NMM
Q4 25
70.3%
Q3 25
57.8%
Q2 25
29.6%
90.5%
Q1 25
41.2%
Q4 24
63.1%
Q3 24
76.4%
Q2 24
35.6%
88.3%
Q1 24
37.6%
Operating Margin
ANDE
ANDE
NMM
NMM
Q4 25
26.6%
Q3 25
8.7%
Q2 25
4.6%
Q1 25
0.9%
Q4 24
19.9%
Q3 24
26.8%
Q2 24
11.6%
Q1 24
4.1%
Net Margin
ANDE
ANDE
NMM
NMM
Q4 25
20.5%
Q3 25
6.8%
Q2 25
1.5%
21.4%
Q1 25
0.1%
Q4 24
13.4%
Q3 24
11.8%
Q2 24
7.3%
29.7%
Q1 24
1.6%
EPS (diluted)
ANDE
ANDE
NMM
NMM
Q4 25
Q3 25
$0.59
Q2 25
$0.23
Q1 25
$0.01
Q4 24
$1.31
Q3 24
$0.80
Q2 24
$1.05
Q1 24
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANDE
ANDE
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$98.3M
$377.0M
Total DebtLower is stronger
$560.0M
$2.0B
Stockholders' EquityBook value
$1.2B
Total Assets
$3.7B
$5.9B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANDE
ANDE
NMM
NMM
Q4 25
$98.3M
Q3 25
Q2 25
$377.0M
Q1 25
Q4 24
$561.8M
Q3 24
Q2 24
$272.0M
Q1 24
Total Debt
ANDE
ANDE
NMM
NMM
Q4 25
$560.0M
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
$608.2M
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
ANDE
ANDE
NMM
NMM
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Total Assets
ANDE
ANDE
NMM
NMM
Q4 25
$3.7B
Q3 25
$3.3B
Q2 25
$3.4B
$5.9B
Q1 25
$3.8B
Q4 24
$4.1B
Q3 24
$3.4B
Q2 24
$3.3B
$5.3B
Q1 24
$3.3B
Debt / Equity
ANDE
ANDE
NMM
NMM
Q4 25
0.45×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
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
ANDE
ANDE
NMM
NMM
Operating Cash FlowLast quarter
$-6.2M
Free Cash FlowOCF − Capex
$-77.1M
FCF MarginFCF / Revenue
-23.4%
Capex IntensityCapex / Revenue
21.5%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$-56.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANDE
ANDE
NMM
NMM
Q4 25
$-6.2M
Q3 25
$233.9M
Q2 25
$299.3M
Q1 25
$-350.0M
Q4 24
$268.8M
Q3 24
$-2.1M
Q2 24
$304.4M
Q1 24
$-239.6M
Free Cash Flow
ANDE
ANDE
NMM
NMM
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
FCF Margin
ANDE
ANDE
NMM
NMM
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%
Capex Intensity
ANDE
ANDE
NMM
NMM
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%
Cash Conversion
ANDE
ANDE
NMM
NMM
Q4 25
-0.09×
Q3 25
11.61×
Q2 25
38.10×
Q1 25
-1232.46×
Q4 24
5.96×
Q3 24
-0.08×
Q2 24
8.46×
Q1 24
-42.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANDE
ANDE

Specialty And Primary Nutrients$137.1M42%
Premium Ingredients$66.1M20%
Segment Reporting Reconciling Item Other$63.2M19%
Other$63.1M19%

NMM
NMM

Segment breakdown not available.

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