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The Andersons · ANDE

Grain trade, ethanol, plant nutrients · Filing

Acres
Book / acre
Market cap (USD)
$2,510M
EV / acre (USD)

Sector KPIsestimate

RMI
USD 700M
Throughput
25.0 MMT
Ethanol
410M gal
Crush capture
55%
Specialty rev
5%
R&D / sales
0.1%
EBITDA / gal
$0.20
Corn crush spread
$0.90/bu
D6 RIN
$0.62
Retail locations
60
Barter A/R
USD 120M
Litigation accrual
USD 12M
Equity-method inv.
USD 50M
Non-ag revenue
15%

Tangible Balance-Sheet Assets

Asset-class composition from the latest FY filings, alongside market enterprise value for an asset-coverage view. Land at FMV when a per-property breakdown is available; other classes at filed book value.

Asset classBook (USD M)FMV (USD M)Note
Inventory (RMI)700Readily-marketable hedged inventory
Tangible total (ex-cash)700700
+ Cash & equivalents9898
Tangible total (incl. cash)798798
Reported total assets (BS)4,485Latest period 2025-12-31

Tangible book

USD 798M

18% of total assets

Market cap

USD 2,510M

314% of tangible book

Enterprise value

USD 3,035M

380% of tangible book

In-depth land analysis pending

Property-by-property land detail and an implied fair-market analysis haven't been compiled for ANDE yet. The schema and page are ready — adding content/farmland-properties/ANDE.json will populate this page automatically.