Andersen Group Inc.
ANDG NYSE Services-Business Services, Nec Financials FY2023–FY2025
What Andersen Group Inc. does
No business description yet.
- Legal name
- Andersen Group Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 27, 2026
- Accession · CIK
- 0001193125-26-128949
0002065708
Revenue and margins
Andersen Group Inc. had $839M of revenue in fiscal 2025, up 14.6% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $174M in fiscal 2025, 20.8% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Andersen Group Inc. returned $212M to shareholders in fiscal 2025, 122% of free cash flow. The diluted share count rose 0.0%.
Balance sheet
Cash, debt and the ratios that show how comfortably Andersen Group Inc. can carry it.
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $71.7M | $88.0M | $250M |
| Debt incl. finance leases | — | — | $350M |
| Interest coverage | 846.8x | 2,024.1x | −94.2x |
| Current ratio | — | 2.6x | 2.1x |
| Quick ratio | — | 2.6x | 2.1x |
| Total assets | — | $399M | $565M |
| Total liabilities | — | $202M | $594M |
| Shareholders' equity | — | — | −$135M |
| Net debt (− = net cash) | — | — | $99.8M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — |
| Current ratio rose | — | — | ✕ |
| Share count didn't rise | — | — | — |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | — | — | ✕ |
| F-score | — / 3 | — / 3 | — / 6 |
| Accruals ratio | — | −4.4% | −38.8% |
| Altman Z'' | — | — | −0.11 |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $639M | $732M | $839M |
| Operating income | $117M | $130M | −$135M |
| Interest expense | $0.1M | $0.1M | $1.4M |
| Pretax income | $121M | $137M | −$127M |
| Income tax | $2.3M | $2.4M | $3.0M |
| Net income | $119M | $135M | −$2.3M |
| Cash flow | |||
| Cash from operations | $118M | $152M | $185M |
| Capital expenditure | $4.9M | $8.6M | $10.3M |
| Free cash flow | $113M | $144M | $174M |
| Depreciation and amortization | $7.7M | $8.3M | $9.0M |
| Stock-based compensation | $0.0M | $0.0M | $147M |
| Dividends paid | — | — | $212M |
| Dividends and buybacks | — | — | $212M |
| Balance sheet | |||
| Cash and short-term investments | $71.7M | $88.0M | $250M |
| Total debt | — | — | $350M |
| Current assets | — | $246M | $412M |
| Current liabilities | — | $94.4M | $196M |
| Goodwill | — | $30.1M | $30.1M |
| Intangible assets | — | $2.3M | $2.5M |
| Total assets | — | $399M | $565M |
| Total liabilities | — | $202M | $594M |
| Preferred stock | — | — | $0.0M |
| Shareholders' equity | — | — | −$135M |
| Margins | |||
| Operating margin | 18.3% | 17.7% | −16.1% |
| EBITDA margin | 19.5% | 18.8% | −15.1% |
| Net margin | 18.6% | 18.4% | −0.3% |
| FCF margin | 17.7% | 19.6% | 20.8% |
| Returns | |||
| Return on capital employed | — | 42.6% | −36.6% |
| Return on assets | — | 33.8% | −0.5% |
| Growth | |||
| Revenue growth | — | 14.5% | 14.6% |
| Net income growth | — | 13.6% | −101.7% |
| FCF growth | — | 27.0% | 21.3% |
| Financial health | |||
| Interest coverage | 846.8x | 2,024.1x | −94.2x |
| Current ratio | — | 2.6x | 2.1x |
| Quick ratio | — | 2.6x | 2.1x |
| Capital allocation | |||
| Capex / revenue | 0.8% | 1.2% | 1.2% |
| Stock comp / revenue | 0.0% | 0.0% | 17.6% |
| Payouts / FCF | — | — | 121.8% |
| Quality scores | |||
| Altman Z'' | — | — | −0.1 |
| Accruals ratio | — | −4.4% | −38.8% |
Source: SEC EDGAR XBRL filings (CIK 0002065708). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.