ADM vs ANDE: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of September 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: ANDE is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. ADM and ANDE share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined ADM and ANDE exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Archer-Daniels-Midland is a global agribusiness that sources, transports, stores, processes, and merchandises agricultural commodities and ingredients. It runs three reportable segments: Ag Services and Oilseeds (the largest, spanning grain origination, oilseed crushing, and global trading), Carbohydrate Solutions (corn wet milling, sweeteners, starches, and ethanol), and Nutrition (human and animal ingredients, flavors, and specialty products). Along with Bunge, Cargill, and Louis Dreyfus it is one of the "ABCD" firms that move a large share of the world's grain and oilseeds, making it a core piece of the food and biofuel supply chain.

Full ADM guide

The Andersons, Inc. is a diversified agribusiness founded in Ohio that operates across two main reporting segments. Its Agribusiness segment handles commodity merchandising, terminal grain elevator operations, and the manufacturing and distribution of plant nutrient and specialty agricultural products, while its Renewables segment produces, buys, and sells ethanol and co-products through owned and partly owned plants. The business is asset heavy and volume driven, earning thin margins on very large revenue as it moves grain and inputs through elevators, rail, and logistics networks across North America.

Full ANDE guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• ADM drivers: Crush and ethanol margin recovery; US biofuel and renewable-diesel policy.
• ANDE drivers: Renewables and biofuels policy tailwind; Grain merchandising and trade franchise.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: ADM is highly cyclical and its profits depend on crush margins, ethanol spreads, and crop supply that it cannot control, so earnings can drop sharply in a bad year as 2025 showed. For ANDE, the Andersons operates in highly cyclical agricultural and energy markets, so earnings can swing sharply with crop size, commodity prices, and merchandising spreads.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick ADM if you believe its drivers more; ANDE if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the ADM and ANDE guides.

ADM. As of July 2026, ADM trades around $77 with a market cap near $37 billion on roughly $80 billion of trailing revenue, reflecting the razor-thin margins typical of commodity processing. The trailing P/E near 35x looks elevated because it sits on depressed 2025 earnings; management's raised 2026 adjusted EPS guidance of roughly $4.15 to $4.70 implies a much lower forward multiple if the crush-and-ethanol recovery plays out. The roughly 2.6% dividend yield and 53-year raise streak are a large part of the total-return case.

ANDE. The Andersons reported record first quarter 2026 results, with revenue of about $2.63 billion (down roughly 1% year over year) and record net income of $33 million, or $0.97 per diluted share, and adjusted EPS of about $1.12. The company carries a mid-cap market value near $2.3 billion on trailing revenue of roughly $11 billion, reflecting the thin margins typical of a commodity merchandiser. The trailing P/E near 23x and a dividend yield around 1.1% price it as a diversified agribusiness with a renewables growth tilt.

Headline figures (approximate, July 2026): ADM shows revenue (ttm) ~$80B, market cap ~$37B, share price ~$77, p/e ratio ~35x; ANDE shows revenue (ttm) ~$11.0B, market cap ~$2.3B, p/e ratio ~23x, q1 2026 revenue ~$2.63B.

ADM and ANDE are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined ADM and ANDE exposure against your real portfolio. It is not an investment adviser.