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 11/4/2021 to 8/4/2026 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 Chart for ANDE 10Q Filed 8/4/2026
36.4
16.6
11.9
7.1
7.7
6.3
3.9
6.3
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, ANDE stockholder letter ]
Total numbers found: 829
Recent share count: 34,054,056 (3's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
829
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 8 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for ANDE = 82
82

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 1's percentage was above the company's typical historical range.
 • We deducted point upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted point upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted point 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.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted point (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
Benford's Law Stocks Indicator
ANDE
Normal score compared to other filers, falling within the middle 50%.
Other Stocks Ranking Near ANDE
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 302 numbers that start with the digit 1. Here they are:
158,416
173,774
134,589
15,642
11,495
12,503
101,229
13,389
17,949
16,807
13,997
1.66
1.65
16,807
185
125
1,914
10,664
1,926
1,184
1,749
13,997
195
14,261
13,327
1,365,121
152,333
135,466
147,937
146,684
125,067
120,780
104,467
195,331
103,710
186,902
1,379,087
1,686,397
1,080,609
174,127
176,184
176,908
1,835,981
144
144
144
11,290
14,080
10,153
11,337
14,334
1,114,743
1,038,953
1,318,704
1,244,779
1,364,409
1,357,586
1,290,235
1,610,510
194
10,311
132,491
19,857
14,683
127,284
1,108
13,989
123,257
14,700
122,982
16,645
13,640
13,367
159
1,184
1,547
1,309,845
1,594,434
1,290,235
1,599,836
144
143
144
142
1
144
144
144
144
1,367
12,225
14,080
1,401
14,403
10
1,184
11,290
11,290
10,204
11,337
12,585
1,184
1,749
10,153
14,334
10,153
14,334
1,065,186
1,038,953
13,961
13,574
1,114,743
1,114,743
13,997
195
103
1,546
1,546
1,357,586
1,610,510
1,357,586
1,610,510
195
100
1,001.3
10.6
1,550.0
1,300.0
170.1
10.0
17
123,191
130,106
102,661
135,524
145,003
17.5
1,966,315
122,098
156,197
114,012
122,963
13,330
15,671
11,331
12,056
12,180
12,926
19,870
18,899
17,424
17,514
11,488
1,691,866
1,386,853
1,588,236
1,326,225
18,734
1,423
17,127
1,834
104,572
131,847
101,229
11,876
12,018
1,359
1,719
1,418
127,284
1,652
111
1,826
1,331
11
143,979
133,191
139,519
158,472
12,175
12,629
1,697
12,503
101,229
13,389
17,949
19.9
17.7
19.9
17.7
107,332
141,712
108,255
173,512
133,218
17,084
17,084
19,450
19,450
18,190
18,190
18,190
18,190
10,164
10,164
115,078
162,114
125,339
18,190
152,668
18,190
131,819
163,473
19,064
103,183
130,653
1,097
1,097
1,266
1,266
125,972
11,485
17,802
140,486
110,642
112,757
115,934
150,182
18,720
138
173
193,605
156,438
176,628
163,473
108,034
108,034
121
163,806
108,367
108,155
156,780
119,396
16,732
136,128
17,402
17,402
17,381
174,182
136,798
16,732
153,509
1,097
1,097
1,076
196,177
148,950
154,456
19,450
19,450
177
19,273
168,400
177
173,729
130,653
1,266
1,266
177
1,089
131,919
177
1,384
10,970
17,427
14,498
11,691
13,469
1,914
10,664
1,914
10,664
12,831
16,252
11,469
1,384
1,926
14,757
13,028
14,757
13,028
161
1,489
18
1,545
185
125
10,153
14,334
10,153
14,334
15.0
We found 138 numbers that start with the digit 2. Here they are:
2,873,930
2,977,453
223,730
280,343
24,591
21,694
24,835
28,048
22,138
2,615
23
2.64
24
23
2.62
24
22,138
22,284
23,887
2,615
250
264
2,810
2,081,785
2,376,409
2,175,447
249,420
22,918
247,296
208,427
2,116,695
2,422,597
204,954
208,425
246,101
22,138
29,068
23,396
2,919
2,227
2,613
210,801
2
201,083
208,425
2,110
204,954
204,954
2,860
238,697
233,650
2,615
246,101
246,101
20
2,113,093
2,414,827
2,873,930
2,282,765
2,977,453
2,341
24,469
24,835
243,518
287,917
238,501
257,235
27,018
24,157
25,580
21,221
23,055
27,275
23,480
28,048
21,894
20,399
2
2
2,089
23,643
23,909
20,736
2,482,297
2,847,954
2,214,334
232,699
247,625
2,499,465
2,426,004
282,416
269,416
24,229
2,449
21,694
24,835
28,048
21.1
21.1
249,044
201,683
20,402
20,402
277,192
217,355
249,487
27,470
222,304
223,399
249,044
20,402
20,402
212
20,190
269,446
214,007
212
212
212
21
21
21
21
215,627
2,077
2,745
2,372
2,805
2,805
21,571
2,073
2,077
2,745
2,427
22
214
258
258
We found 99 numbers that start with the digit 3. Here they are:
33,975,570
3,097,660
3,135,869
384,314
311,288
318,438
32,480
33,023
34,058
34,199
34,007
34,149
34,272
34,298
34,218
34,298
372
3,224
3,288
350,970
396,923
387,059
3,474,281
3,712,832
3,446,491
314,366
384,654
38,882
3,474,281
3,712,832
3,446,491
34,211
34,211
34,207
370
35,996
31,730
377,718
3,931
31,734
350,970
382,623
385,609
384,654
384,654
3,931
38,882
38,882
39
384,809
377,450
32,928
30.5
3,097,660
3,135,869
34,099
32,989
36,323
3,752,376
32,418
30,618
34,634
33,071
38,506
31,310
38,886
31
3,259
3,474,281
3,712,832
3,446,491
390,866
3,097,660
3,135,869
360
33,023
32.3
32.3
31,654
333
333
34,248
37,167
37,167
333
333
37,384
37,384
37,384
37,384
3,950
35,502
3,756
3,224
3,288
36
372
3,853
3,853
4's 5's 6's
We found 59 numbers that start with the digit 4. Here they are:
4,347
412,878
45,456
402,049
4,607
497
4,917
4,607
4,607
41,302
45,456
40
49.9
425.0
496.6
43,950
4,033,060
4,408,114
4,157,454
44,399
42,305
48,828
43,384
42,084
487
4,601
4,468,589
4,558,292
487,222
46.9
47.8
48.5
439
4,012
40,299
48,633
42,089
461
461
400.0
498
47,227
47,227
47,227
47,227
4,151
4,150
4,334
4,347
4,347
4,151
446
4,140
4,038
4,202
4,225
428
4,077
4,077
We found 64 numbers that start with the digit 5. Here they are:
5,724,926
5,794,967
5,340,612
5,483,679
5,910
53,948
56,563
53,948
51
5,477
53,897
56,707
572,232
51,153
563,481
560,016
578,464
521,356
50,699
5,680
5,685
561,771
5,872
5,238
51
5,477
56,563
500
50.1
563,501
541,256
53,314
555,459
534,983
5,724,926
5,794,967
5,340,612
5,483,679
5,400
50,741
51,528
5,756
51,390
524,435
5,724,926
5,794,967
50,390
5,666
5,910
580.3
577
55,439
55,439
55,439
55,439
51,251
51,251
52,348
52,327
5,506
5,506
51
5.0
5,950
We found 52 numbers that start with the digit 6. Here they are:
67,833
67,337
6,471
63
6,471
6,721
66,549
652,472
603,591
63,375
64,210
63,000
68,746
67,411
636,646
65,443
64,875
66,549
6,694
6,471
646.1
65
60,066
60,269
694,688
64,981
67,337
67,868
654
68,746
67,411
66,144
63
617,253
63,350
6,658
688
6,616
67,833
67,337
65,257
68,465
69,571
6,317
618.7
637.3
6,767
6,695
6,819
662
63
6.4
7's 8's 9's
We found 32 numbers that start with the digit 7. Here they are:
7,857
7
755,217
783,892
771,868
73,545
79,253
75,707
7,006
79
7,975
7,006
7,857
7,006
77,656
721,042
725
746
75,572
72
728
74,153
759,285
707,722
7,765
7,746
7,746
73,826
78,629
7,695
7,695
777
We found 52 numbers that start with the digit 8. Here they are:
8,028
83,280
8,950
89,751
8,141
83,280
8,886
8,543
82,096
8,950
8,957
88,817
883,985
87,206
83,280
86,250
87,008
8,754
8,074
8,857
89,751
8,141
8,950
86.3
83
8,951
8,520
84,851
864
868
89,452
834,402
808,787
8,028
8,569
8,569
88,635
8,334
83,883
81,818
88,635
89,732
83,426
83,426
84,692
84,515
8,886
8,886
8,681
8,681
8,543
81
We found 31 numbers that start with the digit 9. Here they are:
9,626
98,283
961,002
979,618
939,500
918,691
965,277
94,247
95,376
98,283
94
94
964,114
970,710
965,277
965,277
98,910
934,356
905,796
984,567
907,615
9,223
9,940
971
9,750
95,376
9,865
9,865
9,849
92,224
926
While the above ANDE 10Q Filed 8/4/2026 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 8/4/2026 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 8/4/2026
36.4
16.6
11.9
7.1
7.7
6.3
3.9
6.3
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 829

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 11/5/2025
30.9
16.7
14.3
8.5
8.3
7.0
3.4
6.2
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL? ✓  [ original filing ]
Total numbers found: 957

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10K Filed 2/19/2025
30.2
16.1
14.6
10.0
8.0
7.3
4.3
5.6
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 1,531

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 5/8/2024
28.4
15.2
13.9
8.9
7.8
9.4
5.2
6.3
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL? ✓  [ original filing ]
Total numbers found: 693

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 8/3/2023
30.5
20.1
13.3
7.9
6.9
6.5
5.8
5.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 1,094

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 11/3/2022
30.2
18.8
13.7
8.7
7.6
6.4
6.2
4.2
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 1,166

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10K Filed 2/24/2022
29.6
19.3
13.4
8.8
7.7
7.2
5.3
5.1
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 1,818

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 5/6/2026
33.9
19.2
11.4
7.0
6.2
8.0
5.3
5.5
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 599

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 8/5/2025
28.5
18.7
13.1
9.3
9.1
6.6
5.0
4.9
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 967

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 11/5/2024
26.9
18.6
14.2
7.9
8.5
6.9
5.3
7.0
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 899

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10K Filed 2/21/2024
31.3
16.3
15.1
8.3
8.2
7.1
4.6
4.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 1,487

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 5/4/2023
29.7
14.4
13.8
10.4
9.6
7.0
5.9
4.5
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 762

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 8/8/2022
30.2
20.4
12.9
7.7
8.0
7.4
6.2
3.8
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 1,174

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 11/4/2021
29.6
19.8
12.7
8.3
6.8
7.6
5.5
6.4
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 1,224

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10K Filed 2/18/2026
30.7
16.6
12.0
11.7
8.1
6.4
5.0
5.2
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 1,364

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 5/7/2025
28.8
18.3
12.0
9.9
7.6
9.5
3.4
5.3
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL? ✓  [ original filing ]
Total numbers found: 698

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 8/7/2024
27.6
19.0
14.0
8.9
8.6
7.8
4.5
5.1
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 894

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 11/8/2023
29.0
19.1
14.3
8.2
8.3
5.4
5.6
5.2
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 1,083

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10K Filed 2/23/2023
30.8
18.0
14.1
9.0
7.6
7.2
5.9
4.3
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 1,598

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
10Q Filed 5/5/2022
31.7
16.6
13.2
9.4
7.5
6.7
5.6
3.1
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 877

■ = Typical ANDE range from 11/4/2021 to 8/4/2026
CTAAU 10Q Filed 8/17/2026:
20
GRML 10Q Filed 8/17/2026:
74
NEXM 10Q Filed 8/17/2026:
82
FEED 10Q Filed 8/17/2026:
83
GURE 10K Filed 8/17/2026:
81
CSTAF 10Q Filed 8/17/2026:
42
DCGO 10Q Filed 8/17/2026:
93
TWLVU 10Q Filed 8/17/2026:
69
COPLU 10Q Filed 8/17/2026:
56
CHUC 10Q Filed 8/17/2026:
100
BTBD 10Q Filed 8/17/2026:
79
AIFC 10Q Filed 8/17/2026:
89
HLIT 10Q Filed 8/17/2026:
61
CRAQU 10Q Filed 8/17/2026:
8
SNDK 10K Filed 8/17/2026:
74
LITE 10K Filed 8/17/2026:
99
TOP 10Q Filed 8/17/2026:
96
SAFX 10Q Filed 8/17/2026:
91
FDCT 10Q Filed 8/17/2026:
63
EMAT 10Q Filed 8/17/2026:
81
NXGL 10Q Filed 8/14/2026:
83
IVAUF 10Q Filed 8/14/2026:
50
GIPR 10Q Filed 8/14/2026:
87
EXTR 10K Filed 8/14/2026:
89
PVL 10Q Filed 8/14/2026:
70
PECEU 10Q Filed 8/14/2026:
61
QLEPU 10Q Filed 8/14/2026:
33
SPQS 10Q Filed 8/14/2026:
47
BEBEU 10Q Filed 8/14/2026:
39
DGXX 10Q Filed 8/14/2026:
91
CBC 10Q Filed 8/14/2026:
96
MEHA 10Q Filed 8/14/2026:
63
GSRFU 10Q Filed 8/14/2026:
68
BCARU 10Q Filed 8/14/2026:
62
EVACU 10Q Filed 8/14/2026:
33
RTACU 10Q Filed 8/14/2026:
46
SPAI 10Q Filed 8/14/2026:
97
SXTP 10Q Filed 8/14/2026:
69
PNYG 10Q Filed 8/14/2026:
57
PMNT 10Q Filed 8/14/2026:
79
 

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