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Side-by-side financial comparison of Andersons, Inc. (ANDE) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $329.5M, roughly 1.9× Andersons, Inc.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 20.5%, a 11.3% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -2.9%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
ANDE vs TRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $611.2M |
| Net Profit | $67.4M | $194.2M |
| Gross Margin | 70.3% | 25.5% |
| Operating Margin | 26.6% | 54.9% |
| Net Margin | 20.5% | 31.8% |
| Revenue YoY | -2.4% | -2.9% |
| Net Profit YoY | 49.6% | 413.8% |
| EPS (diluted) | — | $2.25 |
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 | $611.2M | ||
| Q3 25 | $295.8M | $454.1M | ||
| Q2 25 | $535.0M | $506.2M | ||
| Q1 25 | $370.8M | $585.4M | ||
| Q4 24 | $337.5M | $629.4M | ||
| Q3 24 | $231.9M | $798.8M | ||
| Q2 24 | $492.5M | $841.4M | ||
| Q1 24 | $341.4M | $809.6M |
| Q4 25 | $67.4M | $194.2M | ||
| Q3 25 | $20.1M | $30.3M | ||
| Q2 25 | $7.9M | $14.1M | ||
| Q1 25 | $284.0K | $22.1M | ||
| Q4 24 | $45.1M | $37.8M | ||
| Q3 24 | $27.4M | $31.4M | ||
| Q2 24 | $36.0M | $54.4M | ||
| Q1 24 | $5.6M | $23.7M |
| Q4 25 | 70.3% | 25.5% | ||
| Q3 25 | 57.8% | 31.1% | ||
| Q2 25 | 29.6% | 26.4% | ||
| Q1 25 | 41.2% | 24.3% | ||
| Q4 24 | 63.1% | 24.6% | ||
| Q3 24 | 76.4% | 21.2% | ||
| Q2 24 | 35.6% | 21.3% | ||
| Q1 24 | 37.6% | 20.3% |
| Q4 25 | 26.6% | 54.9% | ||
| Q3 25 | 8.7% | 26.1% | ||
| Q2 25 | 4.6% | 18.8% | ||
| Q1 25 | 0.9% | 17.0% | ||
| Q4 24 | 19.9% | 17.8% | ||
| Q3 24 | 26.8% | 15.3% | ||
| Q2 24 | 11.6% | 16.9% | ||
| Q1 24 | 4.1% | 14.2% |
| Q4 25 | 20.5% | 31.8% | ||
| Q3 25 | 6.8% | 6.7% | ||
| Q2 25 | 1.5% | 2.8% | ||
| Q1 25 | 0.1% | 3.8% | ||
| Q4 24 | 13.4% | 6.0% | ||
| Q3 24 | 11.8% | 3.9% | ||
| Q2 24 | 7.3% | 6.5% | ||
| Q1 24 | 1.6% | 2.9% |
| Q4 25 | — | $2.25 | ||
| Q3 25 | $0.59 | $0.37 | ||
| Q2 25 | $0.23 | $0.17 | ||
| Q1 25 | $0.01 | $0.26 | ||
| Q4 24 | $1.31 | $0.34 | ||
| Q3 24 | $0.80 | $0.37 | ||
| Q2 24 | $1.05 | $0.65 | ||
| Q1 24 | $0.16 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $3.7B | $8.4B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $201.3M | ||
| Q3 25 | — | $66.3M | ||
| Q2 25 | — | $147.7M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | $561.8M | $228.2M | ||
| Q3 24 | — | $222.4M | ||
| Q2 24 | — | $257.1M | ||
| Q1 24 | — | $118.8M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
| Q4 25 | $3.7B | $8.4B | ||
| Q3 25 | $3.3B | $8.9B | ||
| Q2 25 | $3.4B | $8.8B | ||
| Q1 25 | $3.8B | $8.7B | ||
| Q4 24 | $4.1B | $8.8B | ||
| Q3 24 | $3.4B | $8.8B | ||
| Q2 24 | $3.3B | $9.0B | ||
| Q1 24 | $3.3B | $9.1B |
| 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 | $177.4M |
| Free Cash FlowOCF − Capex | $-77.1M | $158.6M |
| FCF MarginFCF / Revenue | -23.4% | 25.9% |
| Capex IntensityCapex / Revenue | 21.5% | 3.1% |
| Cash ConversionOCF / Net Profit | -0.09× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $177.4M | ||
| Q3 25 | $233.9M | $44.2M | ||
| Q2 25 | $299.3M | $61.6M | ||
| Q1 25 | $-350.0M | $76.5M | ||
| Q4 24 | $268.8M | $201.6M | ||
| Q3 24 | $-2.1M | $78.5M | ||
| Q2 24 | $304.4M | $241.5M | ||
| Q1 24 | $-239.6M | $52.2M |
| Q4 25 | $-77.1M | $158.6M | ||
| Q3 25 | $167.0M | $35.3M | ||
| Q2 25 | $250.5M | $52.9M | ||
| Q1 25 | $-396.6M | $67.3M | ||
| Q4 24 | $212.9M | $180.1M | ||
| Q3 24 | $-40.0M | $62.1M | ||
| Q2 24 | $275.8M | $230.2M | ||
| Q1 24 | $-266.4M | $47.6M |
| Q4 25 | -23.4% | 25.9% | ||
| Q3 25 | 56.5% | 7.8% | ||
| Q2 25 | 46.8% | 10.5% | ||
| Q1 25 | -106.9% | 11.5% | ||
| Q4 24 | 63.1% | 28.6% | ||
| Q3 24 | -17.2% | 7.8% | ||
| Q2 24 | 56.0% | 27.4% | ||
| Q1 24 | -78.0% | 5.9% |
| Q4 25 | 21.5% | 3.1% | ||
| Q3 25 | 22.6% | 2.0% | ||
| Q2 25 | 9.1% | 1.7% | ||
| Q1 25 | 12.6% | 1.6% | ||
| Q4 24 | 16.6% | 3.4% | ||
| Q3 24 | 16.3% | 2.1% | ||
| Q2 24 | 5.8% | 1.3% | ||
| Q1 24 | 7.8% | 0.6% |
| Q4 25 | -0.09× | 0.91× | ||
| Q3 25 | 11.61× | 1.46× | ||
| Q2 25 | 38.10× | 4.37× | ||
| Q1 25 | -1232.46× | 3.46× | ||
| Q4 24 | 5.96× | 5.33× | ||
| Q3 24 | -0.08× | 2.50× | ||
| Q2 24 | 8.46× | 4.44× | ||
| Q1 24 | -42.94× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
