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Side-by-side financial comparison of Andersons, Inc. (ANDE) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $199.5M, roughly 1.7× VIRTUS INVESTMENT PARTNERS, INC.). Andersons, Inc. runs the higher net margin — 20.5% vs 3.6%, a 16.9% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -4.1%). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
ANDE vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $199.5M |
| Net Profit | $67.4M | $7.1M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 7.7% |
| Net Margin | 20.5% | 3.6% |
| Revenue YoY | -2.4% | -4.1% |
| Net Profit YoY | 49.6% | -78.1% |
| EPS (diluted) | — | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $329.5M | $208.0M | ||
| Q3 25 | $295.8M | $216.4M | ||
| Q2 25 | $535.0M | $210.5M | ||
| Q1 25 | $370.8M | $217.9M | ||
| Q4 24 | $337.5M | $233.5M | ||
| Q3 24 | $231.9M | $227.0M | ||
| Q2 24 | $492.5M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $67.4M | $33.9M | ||
| Q3 25 | $20.1M | $31.3M | ||
| Q2 25 | $7.9M | $42.7M | ||
| Q1 25 | $284.0K | $28.1M | ||
| Q4 24 | $45.1M | $39.5M | ||
| Q3 24 | $27.4M | $49.1M | ||
| Q2 24 | $36.0M | $26.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 7.7% | ||
| Q4 25 | 26.6% | 19.1% | ||
| Q3 25 | 8.7% | 21.7% | ||
| Q2 25 | 4.6% | 21.5% | ||
| Q1 25 | 0.9% | 16.8% | ||
| Q4 24 | 19.9% | 21.7% | ||
| Q3 24 | 26.8% | 24.3% | ||
| Q2 24 | 11.6% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 20.5% | 16.3% | ||
| Q3 25 | 6.8% | 14.5% | ||
| Q2 25 | 1.5% | 20.3% | ||
| Q1 25 | 0.1% | 12.9% | ||
| Q4 24 | 13.4% | 16.9% | ||
| Q3 24 | 11.8% | 21.6% | ||
| Q2 24 | 7.3% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | — | $5.15 | ||
| Q3 25 | $0.59 | $4.65 | ||
| Q2 25 | $0.23 | $6.12 | ||
| Q1 25 | $0.01 | $4.05 | ||
| Q4 24 | $1.31 | $4.65 | ||
| Q3 24 | $0.80 | $5.71 | ||
| Q2 24 | $1.05 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $93.6B |
| Total Assets | $3.7B | — |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $560.0M | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $608.2M | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.2B | $934.0M | ||
| Q3 25 | $1.2B | $918.7M | ||
| Q2 25 | $1.4B | $896.4M | ||
| Q1 25 | $1.4B | $893.7M | ||
| Q4 24 | $1.4B | $897.5M | ||
| Q3 24 | $1.3B | $889.0M | ||
| Q2 24 | $1.3B | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $4.3B | ||
| Q3 25 | $3.3B | $3.9B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $4.1B | $4.0B | ||
| Q3 24 | $3.4B | $3.6B | ||
| Q2 24 | $3.3B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 0.45× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $-67.2M | ||
| Q3 25 | $233.9M | $108.3M | ||
| Q2 25 | $299.3M | $75.8M | ||
| Q1 25 | $-350.0M | $-3.8M | ||
| Q4 24 | $268.8M | $1.8M | ||
| Q3 24 | $-2.1M | $69.1M | ||
| Q2 24 | $304.4M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-77.1M | $-74.1M | ||
| Q3 25 | $167.0M | $106.9M | ||
| Q2 25 | $250.5M | $74.2M | ||
| Q1 25 | $-396.6M | $-6.8M | ||
| Q4 24 | $212.9M | $-3.8M | ||
| Q3 24 | $-40.0M | $68.7M | ||
| Q2 24 | $275.8M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -23.4% | -35.6% | ||
| Q3 25 | 56.5% | 49.4% | ||
| Q2 25 | 46.8% | 35.2% | ||
| Q1 25 | -106.9% | -3.1% | ||
| Q4 24 | 63.1% | -1.6% | ||
| Q3 24 | -17.2% | 30.3% | ||
| Q2 24 | 56.0% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 21.5% | 3.3% | ||
| Q3 25 | 22.6% | 0.7% | ||
| Q2 25 | 9.1% | 0.7% | ||
| Q1 25 | 12.6% | 1.4% | ||
| Q4 24 | 16.6% | 2.4% | ||
| Q3 24 | 16.3% | 0.2% | ||
| Q2 24 | 5.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | -1.99× | ||
| Q3 25 | 11.61× | 3.45× | ||
| Q2 25 | 38.10× | 1.77× | ||
| Q1 25 | -1232.46× | -0.13× | ||
| Q4 24 | 5.96× | 0.04× | ||
| Q3 24 | -0.08× | 1.41× | ||
| Q2 24 | 8.46× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
