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Side-by-side financial comparison of Andersons, Inc. (ANDE) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $212.2M, roughly 1.6× LiveRamp Holdings, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 18.8%, a 1.7% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -2.4%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

ANDE vs RAMP — Head-to-Head

Bigger by revenue
ANDE
ANDE
1.6× larger
ANDE
$329.5M
$212.2M
RAMP
Growing faster (revenue YoY)
RAMP
RAMP
+11.0% gap
RAMP
8.6%
-2.4%
ANDE
Higher net margin
ANDE
ANDE
1.7% more per $
ANDE
20.5%
18.8%
RAMP
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-1.8%
ANDE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ANDE
ANDE
RAMP
RAMP
Revenue
$329.5M
$212.2M
Net Profit
$67.4M
$39.9M
Gross Margin
70.3%
71.9%
Operating Margin
26.6%
18.6%
Net Margin
20.5%
18.8%
Revenue YoY
-2.4%
8.6%
Net Profit YoY
49.6%
255.7%
EPS (diluted)
$0.62

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
RAMP
RAMP
Q4 25
$329.5M
$212.2M
Q3 25
$295.8M
$199.8M
Q2 25
$535.0M
$194.8M
Q1 25
$370.8M
$188.7M
Q4 24
$337.5M
$195.4M
Q3 24
$231.9M
$185.5M
Q2 24
$492.5M
$176.0M
Q1 24
$341.4M
$171.9M
Net Profit
ANDE
ANDE
RAMP
RAMP
Q4 25
$67.4M
$39.9M
Q3 25
$20.1M
$27.4M
Q2 25
$7.9M
$7.7M
Q1 25
$284.0K
$-6.3M
Q4 24
$45.1M
$11.2M
Q3 24
$27.4M
$1.7M
Q2 24
$36.0M
$-7.5M
Q1 24
$5.6M
$-5.4M
Gross Margin
ANDE
ANDE
RAMP
RAMP
Q4 25
70.3%
71.9%
Q3 25
57.8%
70.2%
Q2 25
29.6%
70.1%
Q1 25
41.2%
69.3%
Q4 24
63.1%
71.9%
Q3 24
76.4%
72.4%
Q2 24
35.6%
70.6%
Q1 24
37.6%
72.2%
Operating Margin
ANDE
ANDE
RAMP
RAMP
Q4 25
26.6%
18.6%
Q3 25
8.7%
10.7%
Q2 25
4.6%
3.7%
Q1 25
0.9%
-6.1%
Q4 24
19.9%
7.5%
Q3 24
26.8%
4.0%
Q2 24
11.6%
-3.0%
Q1 24
4.1%
-8.3%
Net Margin
ANDE
ANDE
RAMP
RAMP
Q4 25
20.5%
18.8%
Q3 25
6.8%
13.7%
Q2 25
1.5%
4.0%
Q1 25
0.1%
-3.3%
Q4 24
13.4%
5.7%
Q3 24
11.8%
0.9%
Q2 24
7.3%
-4.3%
Q1 24
1.6%
-3.1%
EPS (diluted)
ANDE
ANDE
RAMP
RAMP
Q4 25
$0.62
Q3 25
$0.59
$0.42
Q2 25
$0.23
$0.12
Q1 25
$0.01
$-0.10
Q4 24
$1.31
$0.17
Q3 24
$0.80
$0.03
Q2 24
$1.05
$-0.11
Q1 24
$0.16
$-0.09

Balance Sheet & Financial Strength

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

Metric
ANDE
ANDE
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$98.3M
$403.4M
Total DebtLower is stronger
$560.0M
Stockholders' EquityBook value
$1.2B
$962.3M
Total Assets
$3.7B
$1.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANDE
ANDE
RAMP
RAMP
Q4 25
$98.3M
$403.4M
Q3 25
$376.9M
Q2 25
$371.1M
Q1 25
$420.8M
Q4 24
$561.8M
$384.3M
Q3 24
$348.4M
Q2 24
$342.7M
Q1 24
$368.9M
Total Debt
ANDE
ANDE
RAMP
RAMP
Q4 25
$560.0M
Q3 25
Q2 25
Q1 25
Q4 24
$608.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ANDE
ANDE
RAMP
RAMP
Q4 25
$1.2B
$962.3M
Q3 25
$1.2B
$943.8M
Q2 25
$1.4B
$947.8M
Q1 25
$1.4B
$948.9M
Q4 24
$1.4B
$957.7M
Q3 24
$1.3B
$932.1M
Q2 24
$1.3B
$951.9M
Q1 24
$1.3B
$949.1M
Total Assets
ANDE
ANDE
RAMP
RAMP
Q4 25
$3.7B
$1.3B
Q3 25
$3.3B
$1.2B
Q2 25
$3.4B
$1.2B
Q1 25
$3.8B
$1.3B
Q4 24
$4.1B
$1.3B
Q3 24
$3.4B
$1.2B
Q2 24
$3.3B
$1.2B
Q1 24
$3.3B
$1.2B
Debt / Equity
ANDE
ANDE
RAMP
RAMP
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
RAMP
RAMP
Operating Cash FlowLast quarter
$-6.2M
Free Cash FlowOCF − Capex
$-77.1M
FCF MarginFCF / Revenue
-23.4%
Capex IntensityCapex / Revenue
21.5%
0.1%
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
RAMP
RAMP
Q4 25
$-6.2M
Q3 25
$233.9M
$57.4M
Q2 25
$299.3M
$-15.8M
Q1 25
$-350.0M
Q4 24
$268.8M
$45.1M
Q3 24
$-2.1M
$55.6M
Q2 24
$304.4M
$-9.3M
Q1 24
$-239.6M
Free Cash Flow
ANDE
ANDE
RAMP
RAMP
Q4 25
$-77.1M
Q3 25
$167.0M
$56.8M
Q2 25
$250.5M
$-16.2M
Q1 25
$-396.6M
Q4 24
$212.9M
$44.8M
Q3 24
$-40.0M
$55.4M
Q2 24
$275.8M
$-9.6M
Q1 24
$-266.4M
FCF Margin
ANDE
ANDE
RAMP
RAMP
Q4 25
-23.4%
Q3 25
56.5%
28.4%
Q2 25
46.8%
-8.3%
Q1 25
-106.9%
Q4 24
63.1%
22.9%
Q3 24
-17.2%
29.8%
Q2 24
56.0%
-5.4%
Q1 24
-78.0%
Capex Intensity
ANDE
ANDE
RAMP
RAMP
Q4 25
21.5%
0.1%
Q3 25
22.6%
0.3%
Q2 25
9.1%
0.2%
Q1 25
12.6%
0.2%
Q4 24
16.6%
0.1%
Q3 24
16.3%
0.1%
Q2 24
5.8%
0.1%
Q1 24
7.8%
1.0%
Cash Conversion
ANDE
ANDE
RAMP
RAMP
Q4 25
-0.09×
Q3 25
11.61×
2.09×
Q2 25
38.10×
-2.04×
Q1 25
-1232.46×
Q4 24
5.96×
4.02×
Q3 24
-0.08×
32.10×
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%

RAMP
RAMP

Segment breakdown not available.

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