The Andersons Inc (ANDE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 144,068 | 150,342 | 129,816 | 165,742 | 138,224 | 92,671 | 121,688 | 140,468 | 170,705 | 192,518 | 165,669 | 123,310 | 133,175 | 116,114 | 91,170 | 56,210 | -2,420 | -8,635 | -14,878 | 7,768 |
| Revenue (ttm) | US$ in thousands | 11,257,550 | 11,347,410 | 12,362,110 | 13,587,090 | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 |
| Pretax margin | 1.28% | 1.32% | 1.05% | 1.22% | 0.94% | 0.57% | 0.72% | 0.82% | 0.99% | 1.17% | 1.09% | 0.88% | 1.06% | 1.02% | 0.89% | 0.64% | -0.03% | -0.12% | -0.20% | 0.10% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $144,068K ÷ $11,257,550K
= 1.28%
The pretax margin of The Andersons Inc has exhibited fluctuations over the past few years, reflecting the company's ability to generate profits before taxes relative to its total revenue. The margin was negative in the second half of 2020, indicating that expenses exceeded revenues during that period. However, the company progressively improved its performance, achieving positive pretax margins from the first quarter of 2021 onwards. The margins continued to increase steadily throughout 2022 and 2023 before reaching a peak of 1.32% in the third quarter of 2024. This positive trend suggests that The Andersons Inc has been effectively managing its costs and increasing its profitability over the analyzed period. Nevertheless, a slight dip in the pretax margin was observed in the fourth quarter of 2024, which may require further investigation to understand the underlying reasons for this decrease in profitability.
Peer comparison
Dec 31, 2024