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

Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $273.0M, roughly 1.2× Seadrill Ltd). Andersons, Inc. runs the higher net margin — 20.5% vs -3.7%, a 24.1% gap on every dollar of revenue. Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -8.9%).

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.

Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.

ANDE vs SDRL — Head-to-Head

Bigger by revenue
ANDE
ANDE
1.2× larger
ANDE
$329.5M
$273.0M
SDRL
Higher net margin
ANDE
ANDE
24.1% more per $
ANDE
20.5%
-3.7%
SDRL
Faster 2-yr revenue CAGR
ANDE
ANDE
Annualised
ANDE
-1.8%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANDE
ANDE
SDRL
SDRL
Revenue
$329.5M
$273.0M
Net Profit
$67.4M
$-10.0M
Gross Margin
70.3%
Operating Margin
26.6%
-1.1%
Net Margin
20.5%
-3.7%
Revenue YoY
-2.4%
Net Profit YoY
49.6%
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
SDRL
SDRL
Q4 25
$329.5M
$273.0M
Q3 25
$295.8M
$280.0M
Q2 25
$535.0M
$288.0M
Q1 25
$370.8M
$248.0M
Q4 24
$337.5M
Q3 24
$231.9M
$263.0M
Q2 24
$492.5M
$267.0M
Q1 24
$341.4M
$275.0M
Net Profit
ANDE
ANDE
SDRL
SDRL
Q4 25
$67.4M
$-10.0M
Q3 25
$20.1M
$-11.0M
Q2 25
$7.9M
$-42.0M
Q1 25
$284.0K
$-14.0M
Q4 24
$45.1M
Q3 24
$27.4M
$32.0M
Q2 24
$36.0M
$253.0M
Q1 24
$5.6M
$60.0M
Gross Margin
ANDE
ANDE
SDRL
SDRL
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%
Operating Margin
ANDE
ANDE
SDRL
SDRL
Q4 25
26.6%
-1.1%
Q3 25
8.7%
9.3%
Q2 25
4.6%
2.1%
Q1 25
0.9%
7.3%
Q4 24
19.9%
Q3 24
26.8%
17.9%
Q2 24
11.6%
Q1 24
4.1%
29.1%
Net Margin
ANDE
ANDE
SDRL
SDRL
Q4 25
20.5%
-3.7%
Q3 25
6.8%
-3.9%
Q2 25
1.5%
-14.6%
Q1 25
0.1%
-5.6%
Q4 24
13.4%
Q3 24
11.8%
12.2%
Q2 24
7.3%
94.8%
Q1 24
1.6%
21.8%
EPS (diluted)
ANDE
ANDE
SDRL
SDRL
Q4 25
Q3 25
$0.59
$-0.17
Q2 25
$0.23
$-0.68
Q1 25
$0.01
$-0.23
Q4 24
$1.31
Q3 24
$0.80
$0.49
Q2 24
$1.05
$3.49
Q1 24
$0.16
$0.81

Balance Sheet & Financial Strength

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

Metric
ANDE
ANDE
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$98.3M
$339.0M
Total DebtLower is stronger
$560.0M
$613.0M
Stockholders' EquityBook value
$1.2B
$2.9B
Total Assets
$3.7B
$3.9B
Debt / EquityLower = less leverage
0.45×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANDE
ANDE
SDRL
SDRL
Q4 25
$98.3M
$339.0M
Q3 25
$402.0M
Q2 25
$393.0M
Q1 25
$404.0M
Q4 24
$561.8M
Q3 24
Q2 24
$835.0M
Q1 24
Total Debt
ANDE
ANDE
SDRL
SDRL
Q4 25
$560.0M
$613.0M
Q3 25
$612.0M
Q2 25
$612.0M
Q1 25
$611.0M
Q4 24
$608.2M
Q3 24
Q2 24
$609.0M
Q1 24
Stockholders' Equity
ANDE
ANDE
SDRL
SDRL
Q4 25
$1.2B
$2.9B
Q3 25
$1.2B
$2.9B
Q2 25
$1.4B
$2.9B
Q1 25
$1.4B
$2.9B
Q4 24
$1.4B
Q3 24
$1.3B
$2.9B
Q2 24
$1.3B
$3.1B
Q1 24
$1.3B
$2.9B
Total Assets
ANDE
ANDE
SDRL
SDRL
Q4 25
$3.7B
$3.9B
Q3 25
$3.3B
$4.1B
Q2 25
$3.4B
$4.1B
Q1 25
$3.8B
$4.1B
Q4 24
$4.1B
Q3 24
$3.4B
Q2 24
$3.3B
$4.3B
Q1 24
$3.3B
Debt / Equity
ANDE
ANDE
SDRL
SDRL
Q4 25
0.45×
0.21×
Q3 25
0.21×
Q2 25
0.21×
Q1 25
0.21×
Q4 24
0.45×
Q3 24
Q2 24
0.20×
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
SDRL
SDRL
Operating Cash FlowLast quarter
$-6.2M
$-40.0M
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
SDRL
SDRL
Q4 25
$-6.2M
$-40.0M
Q3 25
$233.9M
$28.0M
Q2 25
$299.3M
$11.0M
Q1 25
$-350.0M
$-27.0M
Q4 24
$268.8M
Q3 24
$-2.1M
$-27.0M
Q2 24
$304.4M
$79.0M
Q1 24
$-239.6M
$29.0M
Free Cash Flow
ANDE
ANDE
SDRL
SDRL
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
SDRL
SDRL
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
SDRL
SDRL
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
SDRL
SDRL
Q4 25
-0.09×
Q3 25
11.61×
Q2 25
38.10×
Q1 25
-1232.46×
Q4 24
5.96×
Q3 24
-0.08×
-0.84×
Q2 24
8.46×
0.31×
Q1 24
-42.94×
0.48×

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%

SDRL
SDRL

Segment breakdown not available.

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