Andersen Group, Inc. Class A (ANDG)
NYSE:ANDG
Want to see ANDG full AI Analyst Report?
Top Page
Andersen Group, Inc. Class A
(NYSE:ANDG)
Select Model
Select Model
Rating:62Neutral
Price Target:
$42.00
▲(25.30% Upside)
Action:Reiterated
Date:05/13/26
The score is held back primarily by weakened financial quality—2025 profitability deterioration and a stressed capital structure with negative equity—despite strong cash flow. Offsetting factors include constructive price momentum, a low P/E valuation signal, and earnings-call guidance that emphasizes continued growth and healthy adjusted EBITDA, albeit with near-term GAAP/seasonality and integration risks.
Positive Factors
Strong free cash flow generation
Consistently strong operating and free cash flow—FCF near $174M and a large YoY gain—provides durable internal funding for organic investment, M&A integration, and debt servicing. Robust cash conversion helps de-risk financing needs and supports strategic flexibility over the medium term.
Negative Factors
Severely weakened capital structure
Negative equity and a large debt increase materially raise solvency and refinancing risk and constrain financial flexibility. Over 2–6 months this can limit capital allocation choices, increase borrowing costs, and complicate execution of acquisition financing or opportunistic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistently strong operating and free cash flow—FCF near $174M and a large YoY gain—provides durable internal funding for organic investment, M&A integration, and debt servicing. Robust cash conversion helps de-risk financing needs and supports strategic flexibility over the medium term.
Read all positive factors
Andersen Group, Inc. Class A (ANDG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.31B
Dividend YieldN/A
Average Volume (3M)3.01M
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth15.15%
EPS Growth-90.79%
CountryUS
Employees2,296
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)1.23
Shares Outstanding13,472,214
10 Day Avg. Volume3,007,805
30 Day Avg. Volume3,007,805
Financial Highlights & Ratios
PEG Ratio1.32
Price to Book (P/B)-2.12
Price to Sales (P/S)0.34
P/FCF Ratio1.64
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue5.07
Enterprise Value/Gross Profit19.77
Enterprise Value/Ebitda-30.37
Forecast
1Y Price Target
$39.50Price Target Upside17.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.62
Revenue Forecast (FY)$953.92M
Andersen Group, Inc. Class A Business Overview & Revenue Model
Company Description
Andersen is a leading provider of independent tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds in the United States. Andersen's differentiated approach to client service is ...
Andersen Group, Inc. Class A Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Mar 23, 2027
Earnings Call Sentiment Positive
The call conveyed strong underlying operating momentum: robust organic revenue growth (15.7% YoY), notable adjusted EBITDA expansion (+~26% YoY) with improving productivity and pricing, a solid cash position and no third-party debt, accelerated M&A pipeline and an AI/technology rollout expected to drive future efficiency. Offsetting these positives are a material GAAP net income decline driven by $41.2M of non-cash equity-based compensation and higher interest/transaction costs, expected Q2 net loss due to seasonality and equity charges, near-term losses in newer practices (Global Mobility and Consulting) and integration/execution constraints on M&A. On balance, the operational strengths and forward guidance gains appear to outweigh the near-term accounting-driven and investment-related headwinds.Positive Updates
Strong Revenue Growth and Guidance
Q1 revenue of $240.7M, up 15.7% year-over-year; exceeded prior guidance midpoint by ~$8.2M. Updated full-year revenue guidance raised to $980M–$1.0B (~18% growth).
Negative Updates
GAAP Net Income Decline Driven by Non-Cash Equity Charges
GAAP net income fell to $17.7M (7.4% net margin) in Q1 from $50.6M (24.3% margin) in prior year, primarily due to $41.2M of non-cash equity-based compensation tied to the IPO/reorganization.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth and Guidance
Q1 revenue of $240.7M, up 15.7% year-over-year; exceeded prior guidance midpoint by ~$8.2M. Updated full-year revenue guidance raised to $980M–$1.0B (~18% growth).
Read all positive updates
Company Guidance
Management guided Q2 2026 revenue of $190–$205 million (≈13% y/y) and warned of a seasonal net loss and negative EPS for the quarter largely due to non‑cash equity compensation, while full‑year 2026 revenue is guided to $980 million–$1.0 billion (≈18% y/y) with adjusted EBITDA of $225–$250 million (23%–25% margin) and expected positive net income and EPS for the year; inorganic revenue guidance was raised to $55 million (from $33 million) reflecting several Q2 acquisitions that will largely impact the second half, and management noted Q1 momentum (Q1 revenue $240.7M; revenue per professional up ~12.7–13%; revenue per hour +8%; adjusted EBITDA Q1 $72.3M and 30% margin; headcount +2.8%/+62; active client groups +3.5%; client engagements +2%) and the business’s seasonality with a large share of annual results concentrated in Q3.Andersen Group, Inc. Class A Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
28
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 871.37M | 838.69M | 731.59M | 639.11M |
| Gross Profit | 223.56M | 234.60M | 261.49M | 231.52M |
| EBITDA | -145.56M | 66.88M | 145.59M | 128.77M |
| Net Income | -52.41M | -2.32M | 134.80M | 118.68M |
Balance Sheet | ||||
| Total Assets | 608.57M | 565.14M | 398.77M | 369.48M |
| Cash, Cash Equivalents and Short-Term Investments | 206.81M | 258.46M | 110.48M | 90.32M |
| Total Debt | 448.63M | 460.49M | 108.08M | 111.06M |
| Total Liabilities | 579.88M | 593.52M | 202.53M | 191.98M |
| Stockholders Equity | 28.70M | -134.73M | 196.25M | 177.50M |
Cash Flow | ||||
| Free Cash Flow | 156.37M | 174.27M | 143.72M | 113.17M |
| Operating Cash Flow | 169.53M | 184.62M | 152.31M | 118.07M |
| Investing Cash Flow | 2.08M | 10.61M | -18.46M | -12.62M |
| Financing Cash Flow | -60.01M | -32.94M | -117.57M | -91.24M |
Andersen Group, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $71.96B | 37.29 | 41.47% | 0.88% | 8.71% | 9.55% | |
69 Neutral | $4.69B | 34.72 | 6.24% | 0.71% | 0.76% | -8.22% | |
65 Neutral | $2.49B | 15.81 | 8.80% | 2.20% | 6.53% | 107.41% | |
65 Neutral | $14.04B | 39.37 | 11.23% | 1.14% | 10.15% | 3.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $4.31B | -9.26 | -239.52% | ― | 15.15% | -90.79% | |
60 Neutral | $14.89B | 36.67 | 6.51% | 2.20% | -0.33% | 20.26% |
* Industrials Sector Average
ANDG
Andersen Group, Inc. Class A
38.38
14.88
63.32%
ABM
ABM Industries
42.54
-4.51
-9.58%
CTAS
Cintas
179.85
-42.64
-19.16%
UNF
UniFirst
269.92
81.56
43.30%
ARMK
ARAMARK Holdings
53.41
14.33
36.68%
RTO
Rentokil Initial
29.70
6.31
26.98%
Andersen Group, Inc. Class A Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Andersen Group Posts Strong Q1 Results, Updates 2026 Outlook
Positive
May 12, 2026
On May 12, 2026, Andersen Group Inc. reported strong first-quarter 2026 results, with revenue rising 15.7% year over year to $240.7 million, driven by client growth, higher volume and service line expansion across all major practices. Higher equit...
Executive/Board Changes
Andersen Group Appoints Susan Decker to Board, Committees
Positive
Apr 28, 2026
On April 27, 2026, Andersen Group Inc. appointed Susan Decker to its Board of Directors, expanding the board to eight members and designating her as an independent director under SEC and NYSE standards. She was also named to the compensation and r...
Business Operations and StrategyFinancial Disclosures
Andersen Group Posts Record 2025 Revenue Amid Continued Investments
Positive
Mar 17, 2026
Andersen Group Inc., a San Francisco–based tax and financial advisory firm, reported record fourth-quarter and full-year 2025 results on March 17, 2026, highlighting broad-based revenue growth across all core service lines. Full-year revenue...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.