Andersons vs Ingredion
Andersons is the larger business, with $11.01bn of revenue in fiscal 2025 against $7.22bn for Ingredion (1.5 times as much). Andersons grew faster (-2.2% against -2.8%). Ingredion kept more of each dollar of sales as profit: a net margin of 10.1% against 0.9%.
| Latest fiscal year | AndersonsANDE, 2025 | IngredionINGR, 2025 |
|---|---|---|
| Revenue | $11.01bn | $7.22bn |
| Revenue growth | -2.2% | -2.8% |
| Net income | $95.7m | $729m |
| Operating margin | — | 14.1% |
| Net margin | 0.9% | 10.1% |
| Return on equity | 7.3% | 18.0% |
| Free cash flow | −$56.1m | $511m |
| Cash | $98.3m | $1.03bn |
| Total debt | $873m | $1.79bn |
| Debt to equity | — | 41.9% |
| Dividend per share | $0.79 | — |
| Dividend yield | 1.2% | 3.3% |
| Share buybacks | $15.4m | — |
| Employees | 2,137 | 11,200 |
| Market value | $2.14bn | $6.20bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 32 (Weak) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 9 sales |