| Benford Chart for ANDE 10Q Filed 11/5/2025 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 957 Recent share count: 34,210,458 (3's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of Andersons, Inc. — ticker symbol ANDE. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/25/2021 to 11/5/2025
for Andersons, Inc. under CIK number 0000821026.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for ANDE, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for Andersons, Inc. based on the past ANDE filings our system processed in the past.
| Benford's Law Stocks Score for ANDE = 90 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted point upon observing the 3's percentage was above the typical coverage universe range. • We deducted point upon observing the 7's percentage was below the typical coverage universe range. • We deducted points upon observing the 7's percentage was below the company's typical historical range. • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range. • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the company's typical historical range. |
| ANDE's Score Vs. Typical Stock | |||
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Check our work! We provide our Andersons, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ANDE filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 296 numbers that start with the digit 1. Here they are: 170,872 177,125 172,554 120,494 10,478 13,922 133,507 10,731 16,911 116,596 19,930 116,596 1,091 1,244 1,868 109,107 19,930 16,514 1,286,811 154,449 148,801 122,326 110,045 113,726 1,961,163 141,356 166,614 14,716 1,047,436 194,025 1,330,473 1,731,172 1,177,872 174,417 182,155 144,855 1,865,291 144 142 142 1,000 12 14,131 10,717 12,585 15,376 1,181,108 1,366,186 1,329,170 193,837 1,223,017 1,599,836 1,523,007 116,596 100,058 15,146 16,914 183,183 162,210 127,300 14,700 19,894 19,466 15,366 162,595 1,953 189,789 142 1,520,261 1 190 1 133 132 142 15,376 193,837 1,523,007 144 14,334 1,610,510 188,092 178,014 1 14,182 14,182 195 100 144 14,131 10,717 1,223,017 142 10,261 1,516,387 116,596 11,034 11,034 19,416 19,416 142 15,376 193,837 1,523,007 142 12,585 1,599,836 19,930 188,092 178,014 101 11,748 15,366 15,366 19,935 19,935 1 156 144 14,131 10,717 1,223,017 100 14,203 17,381 13,688 109,528 193,921 141,266 1,286,811 10,199 178,243 187,745 120,097 154,449 165,038 1,441 10,158 176,665 125,639 148,801 1,413 154,042 11,207 169,124 1,916 179,916 122,326 1,697 16,621 13,259 15,423 14,295 1,043 1,394 1,544 1,139 17 1,142 1,299 19,646 10,951 148,932 118,986 1,440 158,550 12,577 14,281 1,218 1,646 12,477 12,616 15.0 100.0 15 137,129 196,980 178,999 139,396 147,190 104,100 1,201,554 1,065,854 133,507 10,731 16,911 17.3 10.5 12.7 17.3 10.5 12.7 13,469 1,091 1,091 13,028 10,350 1,928 1,244 11,784 15,159 11,784 15,159 1,582 1,238 1,239 161 10,717 15,376 10,717 15,376 1.5 18,190 18,190 16,517 19,301 18,190 12,203 14,190 14,190 14,190 15,725 15,725 10,256 15,725 14,190 15,625 100 18,190 15,725 18,190 14,190 15,725 1,988,907 1,876,042 1,861,997 1,756,697 135,891 16,454 152,345 100,360 109,255 1,678 10,789 19,558 17,657 12,032 1,771 13,803 1,466 19,110 10,525 1,971,068 1,953,669 19,491 10,689 113,740 167,626 133,507 19,941 12,096 17,522 11,942 12,168 16,278 1,536 1,896 1,532 100,058 125,068 162,210 1,691 11 12,344 16,535 1,925,074 1,862,383 117,812 107,481 105,234 137,992 1,338,379 1,552,280 12,426 1,896 16,535 1,339 13,922 19,250 1,334 12,932 131,498 11,247 14,099 14,992 113.2 | We found 160 numbers that start with the digit 2. Here they are: 2,677,712 2,620,988 2,506,840 2,443,863 21,494 25,843 228 26,071 24,096 20,138 27,365 28,279 2.03 2.01 26,071 222 22,454 24,096 271 24,096 20,201 21,560 26,140 2,850,277 2,331,074 27,727 201,939 227,192 207,543 2,073,942 2,521,478 205,661 2,860 233,650 20,054 278,947 2,541 26,187 27,709 27,054 26,519 20,649 21,181 209,661 27,365 24,096 2,383 2,383 246,101 20,138 26,071 2,757 2,757 205,661 22,865 233,488 257 234 2,860 233,650 28,279 2 205,661 208,619 20,457 28,848 2,712 20,457 20,457 2,657 28 28 219 2,123 2,338 2,409 2,172 2,640 2,578 22,089 21,786 226,718 280,999 2,016 212,181 219,588 22,723 2,098 2.4 2.3 2.4 2.0 2.4 2.9 267,055 295,758 231,917 21.0 24.8 25,843 228 2,805 2,581 24,534 21,571 20,985 2,596 2,098 2,829 228 222 258 258 258 258 25,083 22,186 2,711 29,183 26,496 24,870 29,944 20,281 26,507 20,498 25,967 2,677,712 2,620,988 2,506,840 2,443,863 22,766 25,843 2,075,658 2,087,578 295,187 25,718 20,980 2,158 23,138 23,146 20,753 2,028 2,019,163 2,778,025 2,182,802 263,706 295,325 2,677,712 2,620,988 25,056 20,189 20,189 2,389 20.2 2,868 220,547 21,396 218,989 2.4 25 | We found 137 numbers that start with the digit 3. Here they are: 33,839,123 356,466 35,069 38,003 30,651 34,010 34,069 34,102 34,020 34,184 34,358 34,280 34,321 3,212 3,792 3,617 347,273 3,296,959 3,388,298 36,139 34,211 34,083 34,083 385,609 382,009 372 3,296,959 3,388,298 3,498 391,784 33,657 378,453 3,422 3,422 39,920 39,920 3,556 3,614 382,009 384,654 32,111 32,111 366,106 373 387,210 3,545 3,545 3,718 382,009 385,609 3,571 3,571 33,657 33,657 366,106 337 39,025 39,142 383 39,025 39,025 397 3,656 3,560 38,549 3,129 3,365 31 313 3,058 3,371 305,865 3,315 311,609 334,019 389,712 301 3,194 3.3 35.0 3.5 34,181 30,921 3,212 3,792 3,212 3,792 3,672 3,672 3,194 3,102 3,853 3,853 306 3,631 3,631 38,800 38,570 33,131 31,894 38,229 39,142 38,549 37,215 374,392 35,188 320,905 33,268 3,101 36,369 30,853 34,119 32,647 30,408 3,751 37,841 360 36,005 35,626 32,904 38,774 3,029 3,296,959 3,388,298 387,228 366,200 34.8 3,406 3,117 3,492 38,003 30,651 3.1 392,407 35 35 3,000 |
| 4's | 5's | 6's |
|---|---|---|
| We found 81 numbers that start with the digit 4. Here they are: 482,160 480,816 452,897 48,209 47,674 48,209 467 45,656 46,341 47,674 47,674 454,065 430,035 402,886 4,121,314 41,909 4,121,314 48,209 42,850 49,327 405,399 433,069 425,000 4,011 480,141 454,065 41,909 47,674 48,209 4,094 403 492 41,909 49.9 425.0 49,341 49,305 47,721 44,251 450 425 49,341 49,341 4,718 428 404 402 41.4 41.4 4.2 43,475 48,280 452 402 4,225 4,203 49 467 4,692 4,692 49,305 47,721 42,330 45,017 4,000 43,487 44,953 49,951 409,580 40,779 42,590 4,151 4,238 4,795 4,191 4,121,314 46.9 45.8 47,963 45,769 45.8 | We found 79 numbers that start with the digit 5. Here they are: 59,697 53,891 5,682 51,461 5,933 59 59 51,461 572 5,826 5,805 5,933 5,940 561,771 59,766 569,052 542,564 572 59,376 521 537,977 561,771 51,461 58 572 5,933 51 5,909 57 536 572 5,439 5,439 585 500 50.1 55 55,262 59,766 5,255 5,456 5 59,934 53,020 5,158 568 50.0 50.0 50.0 50.0 50.0 555,303 53,891 5,682 5,826 59 572 59,677 57,220 593 54,814 567.5 5,699,925 53,886 53,891 50,915 51,849 51,427 597,605 513,307 5,920,605 529,592 513,132 5,204 5,204 577 59,697 523,176 58,552 | We found 67 numbers that start with the digit 6. Here they are: 62,192 68,922 61,433 67,899 68,618 63,888 608,151 63,000 62,695 6,581 643,854 631 6,472 6,472 6,598 6,598 68,922 62 607,272 648,808 630.8 639.7 6,723 67 68,618 69,924 637 6,761 6,000 6,249 678,385 66,874 66,960 62,192 6,017 6,017 6,367 6,249 684 65 6,226 628.5 635.4 688,805 644,843 687,166 62,192 6,397,021 6,046,832 6,019,451 60,270 610 66,834 6,609 62,025 6,497 680,546 692,189 680,191 662,743 6,483,366 6,497 6,616 65 65 65,388 65 |
| 7's | 8's | 9's |
|---|---|---|
| We found 33 numbers that start with the digit 7. Here they are: 7,990,519 7,653,594 7,452 7,489 7 715,761 764,550 756,618 709,951 782,683 774,347 71,989 70 703 708 7,652 75,341 74,600 71,736 7,754 7 7,464 7,452 7,452 71,701 78,915 744,946 705 72,717 7,990,519 7,653,594 7,707 74,528 | We found 59 numbers that start with the digit 8. Here they are: 8,472,679 8,134,410 8,361 80 83 80 82 839 81,630 899,278 884,339 88,344 868,151 85,640 8,723 8,101 87,325 81,630 860 860 882,943 87,325 87,325 83,882 80,577 899,278 884,339 8,696 88,105 81,057 85,640 87,774 886 84,798 84,891 83,847 82.8 8 85 810 839 88,105 8,566 8,895 8,251 8,956 8,472,679 8,134,410 85,792 810 8,141 8,472,679 8,134,410 8,141 85.0 85,000 85,000 85,000 8,674.2 | We found 45 numbers that start with the digit 9. Here they are: 9,375 9,787 905,761 978,717 970,710 932,215 91,626 93,230 9,219 90,592 911,455 932,215 965,277 9,090 9,141 9 91 978,717 9,627 932,215 970,710 978,717 951,283 944.5 90,051 96 96,847 9,865 9,813 99,162 9,782 99,855 9 9 9,283 9,375 9,787 93 90,051 9,111 96,481 944 91,626 93,230 9,175 |
While the above ANDE 10Q Filed 11/5/2025 is interesting in isolation, we have found that it is also useful to take a look at older
Andersons, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 11/5/2025 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical ANDE 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 11/5/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 957 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/19/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,531 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/8/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 693 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/3/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,094 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/3/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,166 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,818 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/5/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 806 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/5/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 967 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/5/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 899 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/21/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,487 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/4/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 762 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/8/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,174 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/4/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,224 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/25/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,714 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 698 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 894 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/8/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,083 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/23/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,598 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/5/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 877 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/4/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,095 ■ = Typical ANDE range from 2/25/2021 to 11/5/2025 | ||||||||||||||||||||||||||||||||||||