--- title: "Andersons | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 2.536 B" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/276171239.md" datetime: "2026-02-17T21:31:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276171239.md) - [en](https://longbridge.com/en/news/276171239.md) - [zh-HK](https://longbridge.com/zh-HK/news/276171239.md) --- > 支持的语言: [English](https://longbridge.com/en/news/276171239.md) | [繁體中文](https://longbridge.com/zh-HK/news/276171239.md) # Andersons | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 2.536 B Revenue: As of FY2025 Q4, the actual value is USD 2.536 B, missing the estimate of USD 3.282 B. EPS: As of FY2025 Q4, the actual value is USD 1.97. EBIT: As of FY2025 Q4, the actual value is USD 99.67 M. #### Financial Highlights - **Net Income Attributable to The Andersons, Inc.** - Fourth quarter 2025: $67 million, or $1.97 per diluted share . - Fourth quarter 2025 (adjusted): $70 million, or $2.04 per diluted share, a record . - Full year 2025: $96 million, or $2.79 per diluted share . - Full year 2025 (adjusted): $111 million, or $3.23 per diluted share . - **Adjusted EBITDA** - Fourth quarter 2025: $137 million . - Full year 2025: $337 million . #### Consolidated Financial Performance - **Sales and Merchandising Revenues** - Q4 2025: $2,536,249 thousand, down from $3,123,138 thousand in Q4 2024 . - YTD 2025: $11,008,928 thousand, down from $11,257,548 thousand in YTD 2024 . - **Cost of Sales and Merchandising Revenues** - Q4 2025: $2,304,758 thousand, down from $2,910,028 thousand in Q4 2024 . - YTD 2025: $10,295,277 thousand, down from $10,563,622 thousand in YTD 2024 . - **Gross Profit** - Q4 2025: $231,491 thousand, up from $213,110 thousand in Q4 2024 . - YTD 2025: $713,651 thousand, up from $693,926 thousand in YTD 2024 . - **Operating, Administrative and General Expenses** - Q4 2025: $150,466 thousand, up from $147,154 thousand in Q4 2024 . - YTD 2025: $603,363 thousand, up from $503,620 thousand in YTD 2024 . - **Interest Expense, Net** - Q4 2025: $12,090 thousand, up from $10,266 thousand in Q4 2024 . - YTD 2025: $47,159 thousand, up from $31,760 thousand in YTD 2024 . - **Other Income, Net** - Q4 2025: $18,643 thousand, up from $11,560 thousand in Q4 2024 . - YTD 2025: $78,340 thousand, up from $42,211 thousand in YTD 2024 . - **Income Before Income Taxes** - Q4 2025: $87,578 thousand, up from $67,250 thousand in Q4 2024 . - YTD 2025: $141,469 thousand, down from $200,757 thousand in YTD 2024 . - **Income Tax Provision** - Q4 2025: $16,486 thousand, up from $13,146 thousand in Q4 2024 . - YTD 2025: $22,168 thousand, down from $30,057 thousand in YTD 2024 . - **Net Income** - Q4 2025: $71,092 thousand, up from $54,104 thousand in Q4 2024 . - YTD 2025: $119,301 thousand, down from $170,700 thousand in YTD 2024 . - **Adjusted Net Income Attributable to The Andersons, Inc.** - Q4 2025: $70,022 thousand, up from $46,863 thousand in Q4 2024 . - YTD 2025: $110,959 thousand, down from $116,664 thousand in YTD 2024 . - **EBITDA** - Q4 2025: $132,933 thousand, up from $113,694 thousand in Q4 2024 . - YTD 2025: $321,951 thousand, down from $360,321 thousand in YTD 2024 . - **Adjusted EBITDA** - Q4 2025: $136,530 thousand, up from $116,512 thousand in Q4 2024 . - YTD 2025: $337,274 thousand, down from $363,386 thousand in YTD 2024 . #### Segment Performance ##### Agribusiness Segment - **Sales and Merchandising Revenues** - Q4 2025: $1,862,983 thousand, down from $2,409,549 thousand in Q4 2024 . - YTD 2025: $8,260,004 thousand, down from $8,456,381 thousand in YTD 2024 . - **Gross Profit** - Q4 2025: $179,337 thousand, up from $176,085 thousand in Q4 2024 . - YTD 2025: $556,907 thousand, up from $522,992 thousand in YTD 2024 . - **Operating, Administrative and General Expenses** - Q4 2025: $127,320 thousand, up from $122,923 thousand in Q4 2024 . - YTD 2025: $501,712 thousand, up from $418,110 thousand in YTD 2024 . - **Income (Loss) Before Income Taxes** - Q4 2025: $45,898 thousand, down from $55,270 thousand in Q4 2024 . - YTD 2025: $56,587 thousand, down from $109,156 thousand in YTD 2024 . - **Adjusted Income (Loss) Before Income Taxes Attributable to The Andersons, Inc.** - Q4 2025: $45,038 thousand, down from $56,025 thousand in Q4 2024 . - YTD 2025: $64,240 thousand, down from $113,275 thousand in YTD 2024 . - **Adjusted EBITDA** - Q4 2025: $79,705 thousand, down from $87,628 thousand in Q4 2024 . - Full year 2025: $186,686 thousand, down from $217,707 thousand in 2024 . ##### Renewables Segment - **Sales and Merchandising Revenues** - Q4 2025: $673,266 thousand, down from $713,589 thousand in Q4 2024 . - YTD 2025: $2,748,924 thousand, down from $2,801,167 thousand in YTD 2024 . - **Gross Profit** - Q4 2025: $52,154 thousand, up from $37,025 thousand in Q4 2024 . - YTD 2025: $156,744 thousand, down from $170,934 thousand in YTD 2024 . - **Operating, Administrative and General Expenses** - Q4 2025: $10,844 thousand, down from $11,293 thousand in Q4 2024 . - YTD 2025: $46,032 thousand, up from $37,011 thousand in YTD 2024 . - **Income (Loss) Before Income Taxes** - Q4 2025: $54,310 thousand, up from $26,020 thousand in Q4 2024 . - YTD 2025: $140,102 thousand, up from $139,760 thousand in YTD 2024 . - **Adjusted Income (Loss) Before Income Taxes Attributable to The Andersons, Inc.** - Q4 2025: $54,310 thousand, up from $17,079 thousand in Q4 2024 . - YTD 2025: $125,518 thousand, up from $80,028 thousand in YTD 2024 . - **Adjusted EBITDA** - Q4 2025: $68,921 thousand, up from $40,769 thousand in Q4 2024 . - Full year 2025: $203,098 thousand, up from $189,176 thousand in 2024 . ##### Other Segment - **Income (Loss) Before Income Taxes** - Q4 2025: -$12,630 thousand, improved from -$14,040 thousand in Q4 2024 . - YTD 2025: -$55,220 thousand, declined from -$48,159 thousand in YTD 2024 . - **Adjusted Income (Loss) Before Income Taxes Attributable to The Andersons, Inc.** - Q4 2025: -$11,975 thousand, improved from -$12,505 thousand in Q4 2024 . - YTD 2025: -$53,117 thousand, declined from -$46,624 thousand in YTD 2024 . #### Cash Flow and Liquidity - **Net Cash Provided by Operating Activities** - Q4 2025: -$6,185 thousand, down from $268,811 thousand in Q4 2024 . - Full year 2025: $176,998 thousand, down from $331,506 thousand in 2024 . - **Cash from Operations Before Working Capital Changes** - Q4 2025: $109,852 thousand, up from $99,896 thousand in Q4 2024 . - Full year 2025: $278,173 thousand, down from $323,264 thousand in 2024 . - **Long-Term Debt to Adjusted EBITDA Ratio**: 1.8 times, which is below the stated target of less than 2.5 times . - **Cash and Cash Equivalents at End of Period** - December 31, 2025: $98,283 thousand, down from $561,771 thousand at December 31, 2024 . #### Operational Metrics - Renewables segment’s fourth quarter pretax income was $54 million, driven by record production, solid merchandising, and benefits from biofuels policy . The Renewables group’s Q4 results included $15 million of 45Z tax credits, bringing the year-to-date total to $35 million . - Agribusiness segment’s fourth quarter pretax income was $46 million, supported by solid operations through a record corn harvest . #### Outlook / Guidance The Andersons, Inc. anticipates that its complementary asset footprint will provide uplift in 2026, with traditional basis appreciation opportunities in the west and continued export demand benefiting eastern assets . The company expects sorghum exports to remain strong for its Skyland and Houston assets, and domestic premium ingredient demand to stay solid . Higher corn plantings are expected to drive demand for nitrogen products, though volumes will depend on farmer economics . ### 相关股票 - [Andersons (ANDE.US)](https://longbridge.com/zh-CN/quote/ANDE.US.md) ## 相关资讯与研究 - [Andersons Insider Sold Shares Worth $1,091,148, According to a Recent SEC Filing](https://longbridge.com/zh-CN/news/280658943.md) - [Andersons Amends Credit Facilities: $1.30B Revolver to 2031; $256.4M Loan to 2034](https://longbridge.com/zh-CN/news/280486307.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-CN/news/281530653.md) - [Cintas (CTAS) Valuation Check After Q3 Results And Higher Fiscal 2026 Guidance](https://longbridge.com/zh-CN/news/281225115.md) - [Key facts: Bunge Increases Securitization to $2.0B; 8-K on Obligation](https://longbridge.com/zh-CN/news/281659964.md)