The Andersons Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of The Andersons Inc (ANDE). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Trade | – | – | – | $10.43B 70.7% |
| Renewables | – | – | – | $3.38B 22.9% |
| Nutrient & Industrial | – | – | – | $943.4M 6.4% |
| Trade | $406.0M 27.4% | $623.8M 28.2% · +53.6% | $711.7M 23.4% · +14.1% | – |
| Renewables | $410.7M 27.8% | $720.9M 32.6% · +75.5% | $1.23B 40.4% · +70.1% | – |
| Plant Nutrient | $663.0M 44.8% | $866.9M 39.2% · +30.8% | $1.10B 36.2% · +26.8% | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2022 | 2023 | 2024 |
|---|---|---|---|
| United States | $12.50B 72.2% | $9.77B 66.3% · -21.8% | $8.10B 72.0% · -17.1% |
| Other | $2.18B 12.6% | $2.91B 19.8% · +33.5% | $1.94B 17.3% · -33.3% |
| Canada | $1.20B 6.9% | $694.8M 4.7% · -42.1% | $517.1M 4.6% · -25.6% |
| Mexico | $493.1M 2.8% | $533.0M 3.6% · +8.1% | $392.1M 3.5% · -26.4% |
| Switzerland | $373.7M 2.2% | $373.3M 2.5% · -0.1% | $176.4M 1.6% · -52.8% |
| Egypt | $573.4M 3.3% | $462.1M 3.1% · -19.4% | $124.9M 1.1% · -73.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Products and co-products | $642.9M 43.4% | $1.03B 46.5% · +59.8% | $1.62B 53.2% · +57.4% | $2.00B 62.3% · +23.5% |
| Primary nutrients | $396.5M 26.8% | $500.9M 22.6% · +26.3% | $625.1M 20.6% · +24.8% | $572.9M 17.9% · -8.4% |
| Specialty nutrients | $234.8M 15.9% | $270.8M 12.2% · +15.3% | $355.6M 11.7% · +31.3% | $249.4M 7.8% · -29.9% |
| Other | $82.9M 5.6% | $166.5M 7.5% · +100.9% | $175.4M 5.8% · +5.4% | $193.0M 6.0% · +10.0% |
| Propane | $122.6M 8.3% | $246.0M 11.1% · +100.7% | $264.1M 8.7% · +7.3% | $190.2M 5.9% · -28.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 14, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.