The Andersons, Inc. ANDE

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
53/100
Moderate

Ranked against 13 peers in Food Distribution

About The Andersons, Inc.

The Andersons, Inc. operates as an agriculture and renewable fuels company in the United States, Canada, Mexico, and internationally. It operates through Agribusiness and Renewables segments. The Agribusiness segment sells commodities, such as corn, wheat, and soybeans. It also manufactures, distributes, and retails agricultural and related plant nutrients; and agricultural fertilizers. This segment also engages in the merchandising business, as … Full ANDE analysis →

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.17), suggesting weak customer stickiness.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.29), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
69
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where ANDE ranks in Food Distribution

The Andersons, Inc. ranks #8 of 14 scored companies in Food Distribution by moat score — the top 57%. The widest moat in the group is G. Willi-Food International, L (WILC) at 75/100.

# Company Moat score Rating
4 Calavo Growers, Inc. CVGW 60/100 Moderate
5 Performance Food Group Company PFGC 58/100 Moderate
6 The Chefs' Warehouse, Inc. CHEF 57/100 Moderate
7 Mission Produce, Inc. AVO 55/100 Moderate
8 The Andersons, Inc. ANDE 53/100 Moderate
9 United Natural Foods, Inc. UNFI 45/100 Developing
10 Mannatech, Incorporated MTEX 37/100 Developing
11 AMCON Distributing Company DIT 34/100 Developing
12 Top Wealth Group Holding Limite TWG 32/100 Developing

See every General Corporate company ranked by moat score →

How ANDE scores on the Corporate Default defenses

Pricing Power

Score 69 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 73 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 18 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 68 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 49 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 37 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ANDE's moat

What is The Andersons, Inc.'s moat score?

The Andersons, Inc. (ANDE) scores 52 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 14 scored companies in Food Distribution, the top 57%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 13 companies in Food Distribution. Its strongest defense is Cost Advantage (73/100) and its weakest is Customer Stickiness (18/100).

How does The Andersons, Inc. compare with other Food Distribution companies?

The Andersons, Inc. ranks #8 of 14 scored companies in Food Distribution by moat score. The widest moat in Food Distribution is G. Willi-Food International, L (WILC) at 75/100. The companies ranked closest are Mission Produce, Inc. (AVO) at 55 just above it and United Natural Foods, Inc. (UNFI) at 45 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 13 companies in Food Distribution. The defenses are then weighted to produce the overall score out of 100.

Why is The Andersons, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for The Andersons, Inc.?

The Corporate Default template measures 6 defenses, and ANDE scores: Pricing Power (69), Cost Advantage (73), Customer Stickiness (18), Capital Efficiency (68), Resilience (49), Scale & Market Position (37). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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