Andersons (ANDE) revenue breakdown
By segment, Specialty and primary nutrients is the largest at 53% of fiscal 2025 revenue; Propane and fuels grew fastest, 13% a year over 2 years.
By product, Products and co-products is the largest at 62% of fiscal 2023 revenue, growing 77% a year over 5 years.
Revenue by segment
Fiscal years, as Andersons reports them in its 10-K filings; fiscal 2025 total $1.5B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Specialty and primary nutrients | — | — | — | — | — | — | — | $822M | $699M | $815M | 53% |
| Premium ingredients | — | — | — | — | — | — | — | $434M | $338M | $263M | 17% |
| Propane and fuels | — | — | — | — | — | — | — | $190M | $210M | $242M | 16% |
| Other | — | — | — | — | — | — | — | $185M | $156M | $210M | 14% |
| Trade | $2.4B | $2.1B | $1.4B | $6.1B | $6.1B | $9.3B | $13.0B | — | — | — | — |
| Renewables | $545M | $711M | $747M | $1.2B | $1.3B | $2.4B | $3.2B | — | — | — | — |
| Nutrient & Industrial | $725M | $652M | $691M | $647M | $663M | $867M | $1.1B | — | — | — | — |
| Rail | $164M | $172M | $174M | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Andersons reports them in its 10-K filings; fiscal 2023 total $3.2B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share |
|---|---|---|---|---|---|---|---|
| Products and co-products | $114M | $348M | $643M | $1.0B | $1.6B | $2.0B | 62% |
| Primary nutrients | $400M | $411M | $397M | $501M | $625M | $573M | 18% |
| Specialty nutrients | $261M | $285M | $235M | $271M | $356M | $249M | 8% |
| Other | $59M | $61M | $83M | $166M | $175M | $193M | 6% |
| Propane | — | $238M | $123M | $246M | $264M | $190M | 6% |
| Service | $65M | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Andersons reports them in its 10-K filings; fiscal 2025 total $11.0B.
| Regions | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| United States | $12.5B | $9.8B | $8.1B | $8.4B | 77% |
| Other | $2.2B | $3.7B | $2.2B | $1.7B | 16% |
| Canada | $1.2B | $695M | $517M | $519M | 5% |
| Mexico | $493M | $533M | $392M | $334M | 3% |
| Egypt | $573M | — | — | — | — |
| Switzerland | $374M | — | — | — | — |
Questions
Where does Andersons make its money?
In fiscal 2025, by segment: Specialty and primary nutrients $815M, Premium ingredients $263M, Propane and fuels $242M, Other $210M.
From Andersons's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.