undamentalytics Newsletter
Sign in

Green Plains Inc. (GPRE) stock

Add to watchlist

Add holding +

NASDAQ: GPRE Nasdaq Oil & Gas Refining & Marketing Next results ~November 5, 2026

C Fundamentals grade

Green Plains Inc. is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 24276% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 24276% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Green Plains Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds114 adding, 103 cuttingOf 53 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Green Plains files

Where Green Plains stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.83bn, down 23.7% on a year earlier, a steeper fall than the 21.4% decline a quarter earlier. That puts it 11 of 11 for growth among the oil & gas refining & marketing companies we cover. Free-cash-flow margin rose to 7.0% from -1.8% a year earlier. Operating margin widened to 7.4% from -3.1%. The diluted share count is up 19.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 7 financial-health checks.

Our model value for Green Plains is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Green Plains Inc.'s trailing-twelve-month revenue fell 23.7% year on year, with a free-cash-flow margin of 7.0%. Where it stands out: gross margin of 16.0% ranks 1 of 14 oil & gas refining & marketing companies we cover. Where it lags: revenue growth of -23.7% ranks 15 of 16 oil & gas refining & marketing companies we cover.

Our discounted-cash-flow model values the business at ~$11 per share in the base case (~$7.5–$17 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -23.7% (-2.3pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 10.6 points on a year ago.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 18.3% over 90 days.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 23.7% over the last 12 months.
  • Share dilution. Diluted shares rose 19.2% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 56% and a beta of 0.2 against the S&P 500.
  • Growth easing. The growth rate is 2.3 points lower than a quarter earlier.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.6% ranks 10 of 11 oil & gas refining & marketing companies we cover (median 0.1%).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.83 against an average estimate of $0.64: beat by 30.6%
Revenue
$446m, down 19.3% on a year earlier
Share reaction
-11.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.62

Green Plains' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.2%
  • 1 week-1.8%
  • 1 month-9.5%
  • This year+40.7%
  • 1 year+34.1%
  • 5 years-64.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.8B
Operating margin
7.4%
Net margin
6.8%
EPS (TTM, diluted)
$1.61

Growth

Revenue growth
−23.7%
Change in growth rate
−2.3 pts
Share count change
+19.2%

Cash

Free cash flow (TTM)
$127M
FCF margin
7.0%
Stock pay % of revenue
0.6%

Earnings

Last results
August 6, 2026
Next results (est.)
November 4, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Agreement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Green Plains Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 24276% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Green Plains Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$13 ~$12–$16 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Green Plains Inc. with Oil & Gas Refining & Marketing in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$20.89$26.04$16.15$12.90$15.43$13.17$34.76$30.50$25.22$9.48$9.80$13.79
Market value$815m$1.0bn$811m$532m$588m$456m$1.6bn$1.7bn$1.5bn$605m$661m$1.1bn
+ Net debt (− = net cash)$279m$805m$1.1bn$268m$375m$338m$306m$197m$255m$406m$226m$298m
Enterprise value$1.1bn$1.8bn$1.9bn$801m$963m$794m$1.9bn$1.9bn$1.7bn$1.0bn$887m$1.4bn
Multiples
Price / sales 0.3x0.3x0.2x0.2x0.2x0.2x0.6x0.5x0.5x0.2x0.3x0.6x
Price / earnings 115.4x94.2x13.3x33.4x———————8.6x
Price / free cash flow —23.6x————————9.0x8.3x
EV / EBITDA 8.6x10.3x15.1x4.3x——16.4x—47.4x23.4x28.4x5.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Green Plains's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Cash operating profit has been a median 3.2% of total assets over 8 years.

  • Pricing power 6 / 20

    Gross margin has been a median 5.4%, moving by 4.3 percentage points (standard deviation) across 9 years.

  • Durability 10 / 20

    Operating margin has been a median -0.2%; its worst year was -5.5%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -2.7% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 86.6% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $530m and EPS of $0.62 (range $0.51 to $0.70) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.20 +197% $1.9bn −8%
Next $1.69 −23% $2.0bn +3%

Next year's EPS estimate has moved +18.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +25.0% on 90 days ago. In the last 30 days, 1 analyst raised Green Plains Inc.'s forecast and 0 cut it.

Consensus EPS forecast Green Plains Inc., last 90 days
$1.40 $1.60 $1.80 $2.00 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.76 Current fiscal year, 60 days ago: $2.01 Current fiscal year, 30 days ago: $2.10 Current fiscal year, 7 days ago: $2.14 Current fiscal year, Now: $2.20 $2.20 Next fiscal year, 90 days ago: $1.43 Next fiscal year, 60 days ago: $1.56 Next fiscal year, 30 days ago: $1.68 Next fiscal year, 7 days ago: $1.69 Next fiscal year, Now: $1.69 $1.69

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.76$1.43
60 days ago $2.01$1.56
30 days ago $2.10$1.68
7 days ago $2.14$1.69
Now $2.20$1.69

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.64 $0.83 +30.6%
Mar 2026 $0.12 $0.42 +248.4%
Dec 2025 $0.05 −$0.12 −316.3%
Sept 2025 −$0.03 $0.08 +377.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Green Plains Inc.'s latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

6 analysts, Nov 2026
Buy350%
Hold350%
Sell00%

Monthly trend

  1. Nov 2026336
  2. Oct 2026336
  3. Sep 2026347

Counts of recommendations published by analysts covering Green Plains Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
21.1%
of tradable shares
Days to cover
9.24
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.8%
of shares
Employees
642
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +34.1%

$10.28 on October 31, 2025 to $13.79

ThenNowEffect
Revenue (last 12 months) $2.4bn $1.8bn −23.7%
P/S multiple 0.3x 0.6x +109.5%
Share count 65m 77m −16.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −51.1%

$28.20 on November 3, 2023 to $13.79

ThenNowEffect
Revenue (last 12 months) $3.6bn $1.8bn −48.6%
P/S multiple 0.4x 0.6x +33.4%
Share count 55m 77m −28.6%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GPRE+164%−12%−17%−62%+3%+41%
Industry peers (median)+29%+50%+11%−12%+19%+105%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GPRE75%42%42%25%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GPRE−24%−33%−37%−65%−68%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 93% from November 8, 2021 to April 21, 2025. Getting back needed a 1229% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$9.40 – $19.23
From 52-week high
−28.3%
vs 50-day average
−6.3%
vs 200-day average
−9.7%
Volatility (1 year)
56%
Beta vs S&P 500
0.16

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±9.9%
After a week
5 up, 7 down
typical move ±10.6%
After a month
4 up, 8 down
typical move ±14.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −11.2% +0.5% −5.8% −6.3%
May 7, 2026 +7.2% +0.5% −1.7% −12.1%
February 5, 2026 +9.9% +0.6% +10.5% +18.6%
November 5, 2025 −4.0% −0.7% −2.5% −2.8%
August 11, 2025 +19.2% +0.9% +12.6% +30.8%
May 8, 2025 +8.0% +0.6% +34.0% +12.7%
February 7, 2025 −21.5% −0.2% −19.5% −38.2%
October 31, 2024 +2.6% −1.5% +0.7% −2.4%
August 6, 2024 −10.8% +0.2% −12.2% −15.9%
May 3, 2024 −4.1% +2.3% −3.7% −17.5%
February 7, 2024 +18.0% +0.9% +17.7% +3.2%
October 31, 2023 −2.6% +1.7% −6.0% −13.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Green Plains Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Green Plains Inc.
$1.5B $2B $2.5B $3B $3.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.5B Revenue (TTM), FY23 Q4: $3.3B Revenue (TTM), FY24 Q1: $3.1B Revenue (TTM), FY24 Q2: $2.8B Revenue (TTM), FY24 Q3: $2.6B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q1: $2.5B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.2B Revenue (TTM), FY25 Q4: $2.1B Revenue (TTM), FY26 Q1: $1.9B Revenue (TTM), FY26 Q2: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.5B
FY23 Q4 $3.3B
FY24 Q1 $3.1B
FY24 Q2 $2.8B
FY24 Q3 $2.6B
FY24 Q4 $2.5B
FY25 Q1 $2.5B
FY25 Q2 $2.4B
FY25 Q3 $2.2B
FY25 Q4 $2.1B
FY26 Q1 $1.9B
FY26 Q2 $1.8B
Revenue growth, TTM YoY Green Plains Inc.
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -1.5% Revenue growth, TTM YoY, FY23 Q4: -10.0% Revenue growth, TTM YoY, FY24 Q1: -17.6% Revenue growth, TTM YoY, FY24 Q2: -20.7% Revenue growth, TTM YoY, FY24 Q3: -26.0% Revenue growth, TTM YoY, FY24 Q4: -25.4% Revenue growth, TTM YoY, FY25 Q1: -19.5% Revenue growth, TTM YoY, FY25 Q2: -15.0% Revenue growth, TTM YoY, FY25 Q3: -13.2% Revenue growth, TTM YoY, FY25 Q4: -14.9% Revenue growth, TTM YoY, FY26 Q1: -21.4% Revenue growth, TTM YoY, FY26 Q2: -23.7% -23.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -1.5%
FY23 Q4 -10.0%
FY24 Q1 -17.6%
FY24 Q2 -20.7%
FY24 Q3 -26.0%
FY24 Q4 -25.4%
FY25 Q1 -19.5%
FY25 Q2 -15.0%
FY25 Q3 -13.2%
FY25 Q4 -14.9%
FY26 Q1 -21.4%
FY26 Q2 -23.7%
Operating margin (TTM) Green Plains Inc.
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -2.9% Operating margin (TTM), FY23 Q4: -1.9% Operating margin (TTM), FY24 Q1: -1.6% Operating margin (TTM), FY24 Q2: -0.9% Operating margin (TTM), FY24 Q3: 0.4% Operating margin (TTM), FY24 Q4: -1.9% Operating margin (TTM), FY25 Q1: -2.6% Operating margin (TTM), FY25 Q2: -3.1% Operating margin (TTM), FY25 Q3: -4.3% Operating margin (TTM), FY25 Q4: -3.2% Operating margin (TTM), FY26 Q1: 2.1% Operating margin (TTM), FY26 Q2: 7.4% 7.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -2.9%
FY23 Q4 -1.9%
FY24 Q1 -1.6%
FY24 Q2 -0.9%
FY24 Q3 0.4%
FY24 Q4 -1.9%
FY25 Q1 -2.6%
FY25 Q2 -3.1%
FY25 Q3 -4.3%
FY25 Q4 -3.2%
FY26 Q1 2.1%
FY26 Q2 7.4%
FCF margin (TTM) Green Plains Inc.
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1.7% FCF margin (TTM), FY23 Q4: -1.6% FCF margin (TTM), FY24 Q1: 0.8% FCF margin (TTM), FY24 Q2: 2.1% FCF margin (TTM), FY24 Q3: 0.4% FCF margin (TTM), FY24 Q4: -5.1% FCF margin (TTM), FY25 Q1: -5.1% FCF margin (TTM), FY25 Q2: -1.8% FCF margin (TTM), FY25 Q3: -1.9% FCF margin (TTM), FY25 Q4: 3.5% FCF margin (TTM), FY26 Q1: 5.1% FCF margin (TTM), FY26 Q2: 7.0% 7.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1.7%
FY23 Q4 -1.6%
FY24 Q1 0.8%
FY24 Q2 2.1%
FY24 Q3 0.4%
FY24 Q4 -5.1%
FY25 Q1 -5.1%
FY25 Q2 -1.8%
FY25 Q3 -1.9%
FY25 Q4 3.5%
FY26 Q1 5.1%
FY26 Q2 7.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,306 2,134 3,554 3,477 3,041 3,236 2,966 3,411 3,289 2,984 2,417 1,924 2,827 3,663 3,296 2,459 2,092 1,829
Gross profit 84 153 172 97 173 375 — — — — — 112 202 113 165 130 137 293
EBITDA 68 129 149 118 159 348 127 176 127 188 −70 −44 117 −6 37 43 31 232
Operating income 39 92 99 65 108 286 61 92 24 90 −143 −123 26 −99 −62 −47 −67 136
Net income 20 48 38 12 43 160 7 11 61 16 −167 −109 −66 −127 −93 −82 −121 124
Diluted EPS $0.79 $1.51 $1.01 $0.39 $1.26 $3.96 $0.18 $0.28 $1.47 $0.39 −$4.38 −$3.14 −$1.41 −$2.29 −$1.59 −$1.29 −$1.80 $1.61
Growth (year on year)
Revenue — +63.4% +66.5% −2.2% −12.5% +6.4% −8.3% +15.0% −3.6% −9.3% −19.0% −20.4% +47.0% +29.6% −10.0% −25.4% −14.9% −23.7%
EBITDA — +91.0% +15.2% −21.0% +34.8% +119.5% −63.5% +38.5% −27.6% +47.8% −137.4% — — −105.3% — — — —
Operating income — +135.3% +7.6% −34.5% — +165.4% −78.7% +50.1% −74.1% — −258.5% — — — — — — —
Net income — — −20.0% — — — −95.6% — — — — — — — — — — —
Diluted EPS — — −33.1% — — — −95.5% — — — — — — — — — — —
Margins
Gross margin 6.4% 7.1% 4.8% 2.8% 5.7% 11.6% — — — — — 5.8% 7.1% 3.1% 5.0% 5.3% 6.5% 16.0%
EBITDA margin 5.2% 6.1% 4.2% 3.4% 5.2% 10.8% 4.3% 5.2% 3.9% 6.3% −2.9% −2.3% 4.2% −0.2% 1.1% 1.8% 1.5% 12.7%
Operating margin 3.0% 4.3% 2.8% 1.9% 3.5% 8.8% 2.1% 2.7% 0.7% 3.0% −5.9% −6.4% 0.9% −2.7% −1.9% −1.9% −3.2% 7.4%
Net margin 1.5% 2.2% 1.1% 0.3% 1.4% 4.9% 0.2% 0.3% 1.9% 0.5% −6.9% −5.7% −2.3% −3.5% −2.8% −3.4% −5.8% 6.8%
Free-cash-flow margin 3.0% 0.7% 1.9% −1.2% 2.9% 5.0% −1.7% 1.2% −6.9% −0.1% −3.5% −0.6% −6.5% −3.9% −1.6% −5.1% 3.5% 7.0%
Cash flow
Cash from operations 53 35 109 −14 107 222 14 101 −182 39 −10 99 4 70 56 −30 111 154
Capital spending 14 20 42 27 20 60 63 58 45 41 75 111 187 212 108 95 37 26
Free cash flow 40 15 66 −41 88 162 −49 43 −227 −2 −85 −12 −183 −143 −52 −125 74 127
Stock-based pay 1 2 3 4 4 3 9 9 12 11 10 8 6 9 13 8 17 10
Free cash flow after stock pay 38 13 63 −45 84 159 −58 33 −239 −13 −95 −20 −189 −152 −65 −133 57 117
Balance sheet
Cash 90 233 175 254 272 426 385 304 267 252 246 234 426 445 350 173 182 185
Total debt 0 669 637 663 735 673 664 1,109 1,378 520 621 572 732 641 605 579 408 484
Net debt (negative = net cash) −90 436 462 409 463 247 279 805 1,111 268 375 338 306 197 255 406 226 298
Diluted shares 25m 32m 42m 30m 38m 41m 39m 39m 50m 41m 38m 35m 47m 56m 59m 64m 67m 77m
Returned to shareholders
Dividends — — — — 2 9 20 37 39 41 32 10 9 23 23 5 1 —
Buybacks — — 28 10 — — 4 6 7 3 62 11 0 0 0 0 30 —
Total returned — — 28 10 2 9 24 43 46 44 93 21 9 23 23 5 31 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $1.7bn
Short-term assets $625mLonger-term assets $1.0bn
What it owes, and who funded it · $1.7bn
Short-term liabilities $314mLonger-term liabilities $473mShareholders' equity $870m
  • Short-term assets cover short-term liabilities $625m of assets due within a year against $314m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $625m short-term assets against $473m of longer-dated liabilities.
  • More cash than debt $185m of cash against $457m of debt.
  • Debt below 40% of shareholders' equity Debt is 52% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 54% to 52% over five years.
  • A year's operating cash flow covers at least 20% of debt $154m of operating cash flow against $457m of debt.
  • Operating profit covers interest at least five times over Operating income of $136m against $73m of interest.

From Green Plains Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$30M
Diluted share count
+19.2%
year over year
Sales & admin spending
5.1%
of revenue
Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas refining & marketing
Last 12 months unless stated GPRE CAPL CLMT BANL PARR DLXY Median
Revenue, last 12 months $1.8bn $3.9bn $4.6bn $538m $8.6bn $308m $10.3bn
Revenue growth, last 12 months −23.7% 0.3% 12.8% −9.1% 13.2% −2.3% 13.0%
Revenue growth, 3-year average −19.9% −5.4% — — 5.5% — −0.8%
Revenue growth, latest quarter −19.3% 22.6% 40.8% — 56.8% — 46.4%
Gross margin 16.0% 10.9% 6.6% 0.8% 14.2% 0.8% 8.0%
Operating margin 7.4% 2.9% 1.0% −0.5% 13.4% −1.5% 2.9%
Operating margin, 3-year average 1.1% 2.3% 0.7% — 6.4% — 2.3%
Net margin 6.8% 1.4% −3.0% −0.6% 9.9% −1.5% 1.8%
Cash from operations / revenue 8.4% 3.0% 3.2% 0.7% 6.4% −1.7% 5.1%
Free-cash-flow margin 7.0% 2.3% 1.3% 0.7% 4.8% −1.7% 4.8%
Free-cash-flow margin, 3-year average 2.4% 1.8% — — 2.4% — 2.4%
Stock pay / revenue 0.6% 0.0% — — 0.2% — 0.1%
Change in share count 19.2% −1.4% 1.0% 0.0% −6.4% 4.3% −1.4%

Median of all 16 companies we cover in oil & gas refining & marketing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 oil & gas refining & marketing companies
Measure Company Peer median Rank
Revenue growth Growth -23.7% 13.2% 15 of 16
Change in growth rate Growth -2.3pp +12.9pp 12 of 16
Gross margin Profitability 16.0% 7.1% 1 of 14
Operating margin Profitability 7.4% 4.8% 6 of 14
Net margin Profitability 6.8% 1.9% 6 of 16
Free-cash-flow margin Cash generation 7.0% 4.8% 5 of 15
Stock pay as % of revenue Cash generation 0.6% 0.1% 10 of 11
Long-term debt as % of assets Balance sheet 23.4% 23.4% 7 of 12
Change in share count Balance sheet 19.2% -1.4% 14 of 15
Days sales outstanding Balance sheet 16 days 26 days 2 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Ethanol Production $1.9B 90.9% ▼ 7.9%
Agribusiness and Energy Services $191M 9.1% ▼ 51.8%
Products and services
Line of business Revenue YoY
Distiller Grains $95.4M ▼ 3.3%
Products and Services Other $93.6M ▲ 45.5%
Ethanol $0 —
Corn Oil $0 —

These categories overlap or exclude eliminations, so shares aren't shown.

From Green Plains Inc.'s 10-K filed February 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
221
Shares held vs prior quarter
▲ 6.1%
Positions opened / closed
43 / 27

Top buyers and sellers, Q2 2026: 114 institutions bought and 103 sold ; the biggest buyer was Blackrock, Inc (+2.1M shares) and the biggest seller Morgan Stanley (−914K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $157M 10.2M 13.1% ▲ 26.2%
Goldman Sachs Group Inc $61.9M 4.0M 5.2% ▲ 13.5%
Grantham, Mayo, Van Otterloo & Co. LLC $60M 3.9M 5.0% ▼ 1.2%
State Street Corp $57.6M 3.7M 4.8% ▲ 28.6%
Vanguard Capital Management LLC $45.9M 3.0M 3.8% ▲ 1.9%
Ancora Advisors LLC $41.9M 2.7M 3.5% ▼ 0.3%
Two Sigma Investments, LP $39.3M 2.6M 3.3% ▲ 8.8%
BNP Paribas Financial Markets $35M 2.3M 2.9% ▲ 11.3%
Geode Capital Management, LLC $31.9M 2.1M 2.7% ▲ 18.0%
Vanguard Portfolio Management LLC $31.2M 2.0M 2.6% ▲ 6.3%
Dimensional Fund Advisors LP $28.2M 1.8M 2.4% ▲ 11.6%
Perpetual Ltd $28.2M 1.8M 2.4% ▼ 5.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Green Plains Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $101,298 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $101,298 net buying
Insider Date Trade Shares Price Value
Sweeney Patrick Francis Director March 6, 2026 Buy 6,383 $15.87 $101,298

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 5, 2026
  • November 5, 2025
  • August 11, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Green Plains Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Green Plains Inc. in brief

What does Green Plains Inc. do?
Green Plains Inc. is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.
What is Green Plains Inc.'s stock ticker?
Green Plains Inc. trades under the ticker GPRE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Green Plains Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Green Plains Inc. reported revenue of $1.8B, 23.7% lower than a year earlier, according to its SEC filings.
What is Green Plains Inc.'s free cash flow?
Green Plains Inc.'s free-cash-flow margin is 7.0% of revenue over the trailing twelve months, ranking 5 of the 15 oil & gas refining & marketing companies we cover.
Who are Green Plains Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Goldman Sachs Group Inc and Grantham, Mayo, Van Otterloo & Co. LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Green Plains Inc.'s market cap?
On November 2, 2026, Green Plains Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 8.6 and net debt of $298M. Market figures come from third-party market data and may be delayed.
How much debt does Green Plains Inc. have?
Green Plains Inc.'s debt-to-equity ratio is 52.5%, from its latest balance sheet (54.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Green Plains Inc.'s competitors?
In our Oil & Gas Refining & Marketing peer group, the companies closest to Green Plains Inc. are Crossamerica Partners LP, Calumet, Inc., CBL International Ltd, PAR Pacific Holdings, Inc. and Delixy Holdings Ltd. The side-by-side comparison below sets their revenue, margins and growth against Green Plains Inc.'s.
Are insiders buying or selling Green Plains Inc. stock?
Over the last 12 months, Green Plains Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Green Plains Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Green Plains Inc. announces its own schedule.