vs
Side-by-side financial comparison of Andersons, Inc. (ANDE) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $219.2M, roughly 1.5× Perella Weinberg Partners). Andersons, Inc. runs the higher net margin — 20.5% vs 6.3%, a 14.2% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-77.1M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
ANDE vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $219.2M |
| Net Profit | $67.4M | $13.8M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 8.5% |
| Net Margin | 20.5% | 6.3% |
| Revenue YoY | -2.4% | -2.9% |
| Net Profit YoY | 49.6% | — |
| EPS (diluted) | — | $0.11 |
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 | $219.2M | ||
| Q3 25 | $295.8M | $164.6M | ||
| Q2 25 | $535.0M | $155.3M | ||
| Q1 25 | $370.8M | $211.8M | ||
| Q4 24 | $337.5M | $225.7M | ||
| Q3 24 | $231.9M | $278.2M | ||
| Q2 24 | $492.5M | $272.0M | ||
| Q1 24 | $341.4M | $102.1M |
| Q4 25 | $67.4M | $13.8M | ||
| Q3 25 | $20.1M | $6.0M | ||
| Q2 25 | $7.9M | $2.7M | ||
| Q1 25 | $284.0K | $17.3M | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $27.4M | $16.4M | ||
| Q2 24 | $36.0M | $-66.0M | ||
| Q1 24 | $5.6M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 8.7% | 5.4% | ||
| Q2 25 | 4.6% | 5.8% | ||
| Q1 25 | 0.9% | 5.5% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 26.8% | 12.9% | ||
| Q2 24 | 11.6% | -30.2% | ||
| Q1 24 | 4.1% | -52.4% |
| Q4 25 | 20.5% | 6.3% | ||
| Q3 25 | 6.8% | 3.6% | ||
| Q2 25 | 1.5% | 1.8% | ||
| Q1 25 | 0.1% | 8.2% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 11.8% | 5.9% | ||
| Q2 24 | 7.3% | -24.3% | ||
| Q1 24 | 1.6% | -35.1% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $0.59 | $0.08 | ||
| Q2 25 | $0.23 | $0.04 | ||
| Q1 25 | $0.01 | $0.24 | ||
| Q4 24 | $1.31 | — | ||
| Q3 24 | $0.80 | $0.24 | ||
| Q2 24 | $1.05 | $-1.21 | ||
| Q1 24 | $0.16 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $-127.4M |
| Total Assets | $3.7B | $797.6M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $255.9M | ||
| Q3 25 | — | $185.5M | ||
| Q2 25 | — | $145.0M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | $561.8M | $407.4M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | — | $185.3M | ||
| Q1 24 | — | $156.7M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $-127.4M | ||
| Q3 25 | $1.2B | $-302.4M | ||
| Q2 25 | $1.4B | $-318.4M | ||
| Q1 25 | $1.4B | $-323.1M | ||
| Q4 24 | $1.4B | $-421.4M | ||
| Q3 24 | $1.3B | $-360.8M | ||
| Q2 24 | $1.3B | $-283.0M | ||
| Q1 24 | $1.3B | $161.9M |
| Q4 25 | $3.7B | $797.6M | ||
| Q3 25 | $3.3B | $650.2M | ||
| Q2 25 | $3.4B | $606.7M | ||
| Q1 25 | $3.8B | $570.5M | ||
| Q4 24 | $4.1B | $876.8M | ||
| Q3 24 | $3.4B | $810.9M | ||
| Q2 24 | $3.3B | $645.5M | ||
| Q1 24 | $3.3B | $583.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $34.8M |
| Free Cash FlowOCF − Capex | $-77.1M | $30.5M |
| FCF MarginFCF / Revenue | -23.4% | 13.9% |
| Capex IntensityCapex / Revenue | 21.5% | 2.0% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $34.8M | ||
| Q3 25 | $233.9M | $59.2M | ||
| Q2 25 | $299.3M | $56.1M | ||
| Q1 25 | $-350.0M | $-176.5M | ||
| Q4 24 | $268.8M | $223.4M | ||
| Q3 24 | $-2.1M | $200.3M | ||
| Q2 24 | $304.4M | $90.0M | ||
| Q1 24 | $-239.6M | $-206.3M |
| Q4 25 | $-77.1M | $30.5M | ||
| Q3 25 | $167.0M | $57.6M | ||
| Q2 25 | $250.5M | $55.3M | ||
| Q1 25 | $-396.6M | $-177.6M | ||
| Q4 24 | $212.9M | $207.0M | ||
| Q3 24 | $-40.0M | $199.3M | ||
| Q2 24 | $275.8M | $83.7M | ||
| Q1 24 | $-266.4M | $-214.8M |
| Q4 25 | -23.4% | 13.9% | ||
| Q3 25 | 56.5% | 35.0% | ||
| Q2 25 | 46.8% | 35.6% | ||
| Q1 25 | -106.9% | -83.8% | ||
| Q4 24 | 63.1% | 91.7% | ||
| Q3 24 | -17.2% | 71.6% | ||
| Q2 24 | 56.0% | 30.8% | ||
| Q1 24 | -78.0% | -210.3% |
| Q4 25 | 21.5% | 2.0% | ||
| Q3 25 | 22.6% | 0.9% | ||
| Q2 25 | 9.1% | 0.5% | ||
| Q1 25 | 12.6% | 0.5% | ||
| Q4 24 | 16.6% | 7.3% | ||
| Q3 24 | 16.3% | 0.4% | ||
| Q2 24 | 5.8% | 2.3% | ||
| Q1 24 | 7.8% | 8.3% |
| Q4 25 | -0.09× | 2.52× | ||
| Q3 25 | 11.61× | 9.85× | ||
| Q2 25 | 38.10× | 20.50× | ||
| Q1 25 | -1232.46× | -10.18× | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 12.23× | ||
| 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
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
PWP
Segment breakdown not available.
