Andersen (ANDG)
Market Price (8/23/2026): $50.18 | Market Cap: $665.4 MilSector: Consumer Discretionary | Industry: Specialized Consumer Services
Andersen (ANDG)
Market Price (8/23/2026): $50.18Market Cap: $665.4 MilSector: Consumer DiscretionaryIndustry: Specialized Consumer Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 37%, Dividend Yield is 32%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33%, FCF Yield is 25% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Energy Efficient Building Materials, Green Building Certification, Show more. | Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% | Stock price has recently run up significantly6M Rtn6 month market price return is 130%, 12M Rtn12 month market price return is 113% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 22% Key risksANDG key risks include [1] identified weaknesses in internal controls, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 37%, Dividend Yield is 32%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33%, FCF Yield is 25% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Energy Efficient Building Materials, Green Building Certification, Show more. |
| Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 130%, 12M Rtn12 month market price return is 113% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 22% |
| Key risksANDG key risks include [1] identified weaknesses in internal controls, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Andersen (ANDG) stock has gained about 40% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Financial Results. Andersen Group reported record revenue of $217.7 million for fiscal Q2 2026 (ended June 30, 2026), marking a 23.7% year-over-year increase and surpassing analyst estimates by approximately 10%. This strong top-line performance included 20.6% organic growth and was coupled with a 38.8% rise in adjusted net income to $39.0 million.
2. Significant Improvement in Profitability due to Reduced Equity Compensation. The company's underlying profitability sharply improved as equity-based compensation expense, a non-cash item, substantially declined to $48.3 million in fiscal Q2 2026 from $129.6 million in the prior-year quarter. This normalization contributed to a positive adjusted net income for the quarter and a swing to positive GAAP net income for the first half of 2026.
Show more
Andersen (ANDG) stock has gained about 40% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Financial Results. Andersen Group reported record revenue of $217.7 million for fiscal Q2 2026 (ended June 30, 2026), marking a 23.7% year-over-year increase and surpassing analyst estimates by approximately 10%. This strong top-line performance included 20.6% organic growth and was coupled with a 38.8% rise in adjusted net income to $39.0 million.
2. Significant Improvement in Profitability due to Reduced Equity Compensation. The company's underlying profitability sharply improved as equity-based compensation expense, a non-cash item, substantially declined to $48.3 million in fiscal Q2 2026 from $129.6 million in the prior-year quarter. This normalization contributed to a positive adjusted net income for the quarter and a swing to positive GAAP net income for the first half of 2026.
3. Strategic Acquisitions and Reaffirmed Robust Full-Year Guidance. Andersen Group announced multiple strategic acquisitions during the period, including UK Andersen and SPR Consulting, expected to contribute approximately $60 million in annualized revenue, along with other acquisitions in Mexico and the U.S. adding approximately $34.5 million in annualized revenue, significantly expanding their global presence and consulting capabilities. Furthermore, management reaffirmed its 2026 full-year revenue guidance of $980 million to $1 billion and adjusted EBITDA margin guidance of 22% to 23%, reinforcing investor confidence in sustained growth and operational efficiency.
Show less
Stock Movement Drivers
Fundamental Drivers
The 41.8% change in ANDG stock from 4/30/2026 to 8/22/2026 was primarily driven by a 32.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.38 | 50.16 | 41.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 839 | 913 | 8.9% |
| P/S Multiple | 0.7 | 0.7 | -1.9% |
| Shares Outstanding (Mil) | 18 | 13 | 32.7% |
| Cumulative Contribution | 41.8% |
Market Drivers
4/30/2026 to 8/22/2026| Return | Correlation | |
|---|---|---|
| ANDG | 41.8% | |
| Market (SPY) | 6.5% | 4.3% |
| Sector (XLY) | -0.3% | 3.6% |
Fundamental Drivers
The 123.4% change in ANDG stock from 1/31/2026 to 8/22/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.45 | 50.16 | 123.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 913 | 0.0% |
| Net Income Margin (%) | � | 3.7% | 0.0% |
| P/E Multiple | � | 19.9 | 0.0% |
| Shares Outstanding (Mil) | 11 | 13 | -17.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 8/22/2026| Return | Correlation | |
|---|---|---|
| ANDG | 123.4% | |
| Market (SPY) | 11.0% | 13.7% |
| Sector (XLY) | -2.4% | 11.0% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 8/22/2026| Return | Correlation | |
|---|---|---|
| ANDG | ||
| Market (SPY) | 22.2% | 14.7% |
| Sector (XLY) | 7.2% | 15.3% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/22/2026| Return | Correlation | |
|---|---|---|
| ANDG | ||
| Market (SPY) | 73.2% | 14.7% |
| Sector (XLY) | 38.9% | 15.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ANDG Return | - | - | - | - | 10% | 94% | 114% |
| Peers Return | 21% | -13% | 47% | 27% | 5% | 12% | 129% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| ANDG Win Rate | - | - | - | - | 100% | 88% | |
| Peers Win Rate | 57% | 38% | 58% | 53% | 52% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ANDG Max Drawdown | - | - | - | - | - | -29% | |
| Peers Max Drawdown | -29% | -41% | -26% | -23% | -32% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HRB, MATW, DASH, SCI, FTDR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
ANDG has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 37 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.6% | -9.5% |
| % Gain to Breakeven | 15.8% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.4% | 23.8% |
| Time to Breakeven | 98 days | 105 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
ANDG has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.0% | -53.4% |
| % Gain to Breakeven | 104.3% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Andersen (ANDG)
Andersen (ANDG) is a leading provider of independent tax, valuation, and financial advisory services, catering to individuals, family offices, businesses, and institutional clients across the United States and internationally. Since its founding in 2002, the company has experienced rapid growth, driven by a commitment to integrity, transparency, and excellence, and building on the traditions of the former Arthur Andersen. A core strategic decision differentiates Andersen: it does not provide audit or related financial statement attestation services. This allows the firm to offer a comprehensive suite of non-audit services without the regulatory limitations imposed on traditional audit firms, fostering deep, trusted client relationships and enabling a revenue compound annual growth rate of 15% since 2003.
The company delivers its expertise through four primary end-to-end service offerings. Private Client Services, which constitute approximately 52% of its revenue, provide comprehensive tax and financial planning for high-net-worth individuals and families, including complex matters like multigenerational wealth and estate planning. Business Tax Services (34% of revenue) offer scalable tax consulting and compliance solutions for organizations. Additionally, Andersen provides specialized tax and financial services for Alternative Investment Funds (10% of revenue), covering various investment vehicles, and offers in-depth independent Valuation Services (4% of revenue) to assist clients with regulatory compliance and tax laws.
Andersen serves a diverse client base, having engaged over 11,900 client groups as of September 30, 2025. Its global reach is significantly bolstered by its role as the founding member of Andersen Global, a worldwide association of over 300 member and collaborating firms spanning more than 180 countries. This network allows Andersen to service its U.S. clients internationally with extensive tax, legal, and financial expertise. The company's success is also attributed to its strong firm culture, characterized by low employee turnover, high partner involvement in client service, and a focus on long-term client relationships; in 2024, approximately 74% of its revenue came from clients engaged for over three years, reinforcing its reputation for delivering superior service and fostering client loyalty.
AI Analysis | Feedback
Andersen (ANDG) analogies:
- Like a 'Big Four' firm (e.g., Deloitte or PwC) that only does high-end tax, valuation, and financial advisory, intentionally avoiding audit services.
- Imagine the global tax and financial advisory arm of an EY or KPMG, but as an independent firm that does not offer audit.
AI Analysis | Feedback
- Private Client Services: Provides comprehensive tax and financial services for individuals and families, including multigenerational wealth, charitable giving, and trust and estate planning.
- Business Tax Services: Offers a broad range of integrated tax-related consulting and compliance services for businesses, assisting with tax planning, compliance, and reporting.
- Alternative Investment Funds Services: Delivers comprehensive tax and financial services specifically for various investment funds, such as family offices, hedge funds, private equity funds, and REITs.
- Valuation Services: Provides in-depth, independent valuation expertise to help clients navigate tax laws and regulations and comply with regulatory requirements.
AI Analysis | Feedback
- Individuals and Families (Private Client Services): This segment includes individuals and families with complex financial matters, often involving multigenerational wealth, charitable giving, and trust and estate planning.
- Businesses (Business Tax Services): Andersen provides integrated tax-related consulting and compliance services to a broad range of businesses, assisting them with tax planning, compliance, and reporting needs.
- Alternative Investment Funds: This category encompasses various investment funds, such as family offices, funds of funds, hedge funds, private equity funds, venture capital funds, and real estate investment trusts, to which Andersen delivers comprehensive tax and financial services.
AI Analysis | Feedback
AI Analysis | Feedback
Mark Vorsatz, Chief Executive Officer, Chairman
Mark Vorsatz co-founded Andersen (originally named WTAS) in 2002 and has served as its Chief Executive Officer and the Managing Director of its Private Client Services practice since inception. He has been the Chairman of Andersen Group Inc.'s Board of Directors since April 2025. Mr. Vorsatz was instrumental in establishing and expanding Andersen Global into a worldwide presence, and he has served as Chairman of Andersen Global since 2013. Before founding Andersen, he was a Partner at Arthur Andersen from 1987 until 2002. He also led Arthur Andersen's Private Client Service Group in San Francisco and served as Managing Partner and Tax Division Head of their San Jose office. In 2007, he was part of the management buyout of WTAS from HSBC.
Neal Livingston, Chief Financial Officer
Neal Livingston has served as Andersen's Chief Financial Officer since January 2025 and Andersen Group Inc.'s Chief Financial Officer since April 2025. Prior to joining Andersen, he held the position of Global Chief Financial Officer for Freshfields, an international law firm, from November 2021 to December 2024. From October 2016 to October 2021, Mr. Livingston was the Global Chief Financial Officer at Dentons, another major international law firm. Earlier in his career, he spent a decade at Arthur Andersen as a partner and Global Firm Treasurer, overseeing the firm's global treasury function and later managing financial aspects of its restructuring as the finance lead on the Global Transition Management Team. He also held senior roles in the financial services sector in Asia with Standard Chartered, RBS, and Commonwealth Bank.
William Deckelman, Chief Legal Officer
William Deckelman has been Andersen's Chief Legal Officer since January 2025. From 2008 to March 2024, he served as the Executive Vice President and General Counsel for DXC Technology Company and its predecessor, which is a multinational information technology services and consulting company. Before that, he was Executive Vice President of the Howard Baker Forum and a Senior Public Policy Advisor/Of Counsel at the law firm, Baker Donelson, from July 2024 through December 2024.
Peter Coscia, East Regional, Managing Director
Peter Coscia has held the role of Andersen's East Regional Managing Director since January 2024, responsible for overseeing comprehensive tax services across the U.S. eastern region and the Caribbean. He has held various leadership positions at Andersen since 2002, including Managing Director of the Metro New York office from May 2018 until December 2023. Prior to his tenure at Andersen, Mr. Coscia worked as a Senior Tax Manager at Deloitte Tax, LLP in 2002 and at Arthur Andersen from 1991 to 2002.
Daniel DePaoli, Country Managing Director and Regional Managing Partner for North America
Daniel DePaoli has been with Andersen since 2002, holding various leadership roles, and serving as the Country Managing Director and Regional Managing Partner for North America since 2016. He oversees a significant portion of the firm's operations and provides private client services, specializing in tax consulting and compliance for individuals. Before joining Andersen, Mr. DePaoli worked at Arthur Andersen from 1990 until 2002, where he became a Partner in 2001.
AI Analysis | Feedback
Here are the key risks to Andersen's business:
- Reputational Risk from Arthur Andersen Legacy: The company operates under a brand name associated with the historical collapse of Arthur Andersen following the Enron scandal. Despite the current entity's efforts to build a positive reputation, external analyses indicate that this "complicated legacy" and "reputational collapse" remain a significant risk, requiring investors to assess the company's ability to transform this history into a sustainable growth story.
- Revenue Concentration in Private Client Services: Andersen derives a substantial portion of its revenue from a single service line. Approximately 52% of its revenue during the nine months ended September 30, 2025, came from private client services. This high concentration exposes the company to risks associated with economic downturns affecting high-net-worth individuals, changes in tax laws impacting private wealth, or heightened competition within this specific segment.
- Dependency on Andersen Global: Andersen's global capabilities and reach are explicitly stated to be "facilitated through our membership in Andersen Global," a Swiss association of numerous member and collaborating firms. This dependency means that any significant disruption to the Andersen Global network or changes in the relationship could negatively impact Andersen's ability to deliver international services and leverage global expertise.
AI Analysis | Feedback
AI Analysis | Feedback
Andersen (ANDG) operates in several key service areas, each with a significant addressable market both in the United States and globally.
Private Client Services
The global financial advisory services market, which encompasses private client services, was valued at approximately $103.01 billion in 2024 and is projected to reach $174.33 billion by 2033, growing at a CAGR of 6.02%. Another estimate places the global financial advisory market size at $103.8 billion in 2025, with a projection to reach $1,870 billion by 2035. North America is a dominant region within this market.
Specifically for the U.S. private banking market, which includes aspects of private client services, the market size was $107.5 billion in 2024 and is projected to reach $114.7 billion in 2025. Another report indicates the U.S. private banking market size is $64.97 billion in 2026 and is projected to grow to $100.52 billion by 2031.
Business Tax Services
The global tax advisory services market was valued at $34.6 billion in 2021 and is projected to reach $97.1 billion by 2031. More recent estimates place the global tax advisory services market at $36.42 billion in 2024, expected to reach $94.72 billion by 2033. Another source suggests the global tax advisory services market is estimated at $46.4 billion in 2025 and is forecast to reach $111.2 billion by 2034. North America holds the largest share of this market globally.
For Business Tax Services specifically, the global market is projected to rise from $86.8 billion in 2026 to $200.8 billion by 2035. The United States Business Tax Services Market size is projected at $23.88 billion in 2025. The U.S. Tax Preparation Services market size is $14.3 billion in 2026.
Alternative Investment Funds
The global alternative investment funds (AIFs) market was valued at $12.8 trillion in 2023 and is projected to reach $25.8 trillion by 2032. Another report indicates the market was $13,731.72 billion in 2025 and is expected to reach $15,019.63 billion in 2026, and $21,350.31 billion by 2030. North America is a leading region in the management of global alternative assets, with global alternative assets under management expected to surpass $23 trillion by 2027.
Valuation Services
The global business valuation services market was approximately $7.42 billion in 2024, expected to grow to $8.05 billion in 2025, and projected to reach $11.75 billion by 2030. North America was the largest region in this market in 2025.
The market size for Business Valuation Firms in the U.S. is estimated at $3.0 billion in 2025 and $3.1 billion in 2026. The global corporate valuation service market was valued at $2,427 million in 2024 and is projected to reach $3,579 million by 2032. It is also projected that the global corporate valuation service market will reach $15.2 billion by 2026.
AI Analysis | Feedback
Andersen (ANDG) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Expansion through the Andersen Global Network: The company plans to leverage its foundational role and membership in Andersen Global to deliver services internationally at scale, providing U.S. clients with access to deep tax, legal, and financial expertise across over 180 countries. This global reach, facilitated by more than 50,000 professionals within Andersen Global as of September 30, 2025, enables broader market penetration and service delivery beyond the United States.
- Growth in Client Base and Deepening Client Relationships: Andersen consistently increases its client groups and engagements, with client groups increasing by 6% and client engagements by 7% from September 30, 2024, to September 30, 2025. The company's ability to attract a diverse range of clients across the U.S. and internationally, coupled with high client retention (74% of 2024 revenue from client groups engaged for over three years), suggests continued growth through new client acquisition and expanding relationships with existing clients.
- Continued Development and Delivery of Specialized Non-Audit Services: Andersen's deliberate focus on not providing audit services allows it to offer a comprehensive suite of integrated non-audit services, including Private Client, Business Tax, Alternative Investment Funds, and Valuation Services. This differentiated approach to solving complex tax and financial challenges, unconstrained by audit regulations, positions the company to continue expanding its specialized offerings tailored to client-specific needs.
- Strategic Investment in Talent Attraction and Retention: The company emphasizes its low employee turnover and strong staff tenure, with average Managing Director tenure exceeding ten years as of December 31, 2024. By investing in its professionals' development and fostering a collaborative environment, Andersen ensures the consistent delivery of high-quality services. This commitment to talent acts as a critical differentiator, supporting long-lasting client relationships and attracting new business.
AI Analysis | Feedback
Share Issuance
- Andersen Group Inc. completed its Initial Public Offering (IPO) in December 2025, offering 11,000,000 shares of Class A common stock.
- The IPO generated gross proceeds of approximately $176 million.
- With the full exercise of the underwriters' over-allotment option for an additional 1,650,000 shares, the total gross proceeds from the IPO reached $202.4 million.
Outbound Investments
- The company plans to utilize capital from its IPO to pursue acquisitions and fuel further expansion.
- Andersen intends to acquire some of its member firms within the Andersen Global network over the next 30 months following the IPO (from December 2025).
Capital Expenditures
- Proceeds from the IPO are allocated to fund technology, infrastructure, and training.
- The company plans specific investments in AI and tax-automation infrastructure.
Peer Outperformance in Specialized Consumer Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -15.1% | 103.6% | 70.6% | LINC 321% · CVSA 259% · UTI 231% |
| Homebuilding | 18 | -4.9% | 32.7% | 55.2% | GRBK 190% · TOL 161% · PHM 158% |
| Hotels, Resorts & Cruise Lines | 22 | 17.7% | 53.5% | 16.5% | RCL 274% · MAR 177% · HLT 169% |
| Automotive Retail | 18 | -13.8% | 2.5% | 14.1% | MUSA 278% · PAG 186% · ORLY 122% |
| Specialty Stores | 7 | -5.5% | 33.8% | 10.0% | DKS 91% · ASO 25% · SIG 23% |
| Home Improvement Retail | 5 | -16.5% | 1.0% | 8.5% | HD 16% · LOW 16% · HVT 8% |
| Casinos & Gaming | 20 | -7.2% | -24.1% | 2.4% | BRAG 1014% · MCRI 112% · RSI 95% |
| Specialized Consumer Services ← | 10 | -11.3% | 15.8% | -5.3% | HRB 150% · FTDR 97% · SCI 43% |
| Restaurants | 34 | -7.4% | -5.4% | -7.2% | EAT 370% · CAKE 196% · RAVE 159% |
| Distributors | 4 | -8.0% | -24.6% | -7.6% | ARMK 160% · GPC 26% · LKQ -41% |
| Home Furnishings | 4 | -2.8% | 30.6% | -12.3% | SGI 58% · LZB 8% · MHK -32% |
| Footwear | 9 | 58.9% | 44.6% | -14.5% | WEYS 156% · DECK 27% · SHOO 26% |
| Automotive Parts & Equipment | 38 | -9.1% | -5.3% | -31.9% | MOD 1423% · GTX 275% · STRT 106% |
| Leisure Products | 13 | -4.0% | -10.0% | -32.5% | GOLF 86% · HAS 18% · MCFT 1% |
| Apparel, Accessories & Luxury Goods | 27 | 3.5% | -2.0% | -35.2% | TPR 250% · RL 248% · ELA 229% |
| Apparel Retail | 25 | -1.4% | 3.7% | -38.5% | DXLG 187% · ANF 180% · ROST 103% |
| Leisure Facilities | 12 | -15.2% | -8.6% | -39.7% | OSW 177% · JAKK 115% · ESCA 12% |
| Household Appliances | 18 | 7.7% | 37.4% | -40.6% | KEQU 176% · FLXS 147% · HBB 122% |
| Broadline Retail | 15 | 5.9% | 12.5% | -50.4% | DDS 296% · AMZN 58% · EBAY 55% |
| Computer & Electronics Retail | 3 | -19.2% | 7.8% | -55.8% | BBY -4% · GME -56% · UPBD -61% |
| Automobile Manufacturers | 8 | -70.4% | -67.2% | -68.8% | GM 90% · F 54% · TSLA 54% |
| Consumer Electronics | 11 | -18.5% | -21.6% | -75.5% | AXIL 2348% · GRMN 91% · TBCH -54% |
| Other Specialty Retail | 18 | -28.1% | -44.1% | -77.8% | BBW 212% · TLF 105% · WINA 95% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Andersen Stock Rockets 28% With 9-Day Winning Streak | 04/23/2026 | |
| ANDG Stock Surges 21% With A 7-day Winning Spree On Institutional Accumulation | 03/05/2026 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 68.14 |
| Mkt Cap | 6.3 |
| Rev LTM | 3,047 |
| Op Inc LTM | 594 |
| FCF LTM | 496 |
| FCF 3Y Avg | 596 |
| CFO LTM | 624 |
| CFO 3Y Avg | 747 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.1% |
| Rev Chg 3Y Avg | 4.4% |
| Rev Chg Q | 4.1% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 10.3% |
| Op Inc Chg 3Y Avg | 6.7% |
| Op Mgn LTM | 16.8% |
| Op Mgn 3Y Avg | 18.9% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 19.9% |
| CFO/Rev 3Y Avg | 18.9% |
| FCF/Rev LTM | 15.9% |
| FCF/Rev 3Y Avg | 15.0% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.49 | 0.13 | 0.30 | 0.68 | -0.31 | -0.11 |
| Up Beta | -0.16 | -0.97 | -0.06 | 0.81 | 2.19 | -0.04 |
| Down Beta | -3.38 | -0.93 | -0.52 | -1.12 | -0.20 | 0.45 |
| Up Capture | 397% | 180% | 140% | 257% | 118% | 11% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 20 | 32 | 69 | 82 | 82 |
| Down Capture | 13% | 4% | 8% | 42% | 46% | 26% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 23 | 31 | 57 | 72 | 72 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ANDG | |
|---|---|---|---|---|
| ANDG | 114.1% | 63.5% | 2.03 | - |
| Sector ETF (XLY) | 4.3% | 19.6% | 0.10 | 15.3% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 14.7% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | -5.5% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -11.6% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 19.0% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 18.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ANDG | |
|---|---|---|---|---|
| ANDG | 16.4% | 63.5% | 2.03 | - |
| Sector ETF (XLY) | 6.2% | 24.1% | 0.22 | 15.3% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 14.7% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | -5.5% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | -11.6% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 19.0% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 18.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ANDG | |
|---|---|---|---|---|
| ANDG | 7.9% | 63.5% | 2.03 | - |
| Sector ETF (XLY) | 12.3% | 22.2% | 0.51 | 15.3% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 14.7% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | -5.5% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | -11.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 19.0% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 18.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Recent Forward Guidance
Updated 8/13/2026Latest: Q2 2026 Earnings Reported 8/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 980.00 Mil | 990.00 Mil | 1.00 Bil | 0 | Affirmed | Guidance: 990.00 Mil for 2026 | |
| 2026 Revenue Growth | 18.0% | ||||||
| 2026 Adjusted EBITDA | 225.00 Mil | 237.50 Mil | 250.00 Mil | 0 | Affirmed | Guidance: 237.50 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | 23.0% | 24.0% | 25.0% | 0 | Affirmed | Guidance: 24.0% for 2026 | |
Prior: Q1 2026 Earnings Reported 5/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 190.00 Mil | 197.50 Mil | 205.00 Mil | ||||
| 2026 Revenue | 980.00 Mil | 990.00 Mil | 1.00 Bil | 2.9% | Raised | Guidance: 962.50 Mil for 2026 | |
| 2026 Adjusted EBITDA | 225.00 Mil | 237.50 Mil | 250.00 Mil | 9.7% | Raised | Guidance: 216.50 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | 23.0% | 24.0% | 25.0% | 1.5% | Raised | Guidance: 22.5% for 2026 | |
Insider Activity
Updated 7/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Durable, Capital Partners LP | See footnote (1) | Sell | 7092026 | 40.01 | 336,736 | 13,472,807 | 53,363,297 | Form | |
| 2 | Gunderson, Robert V JR | Direct | Buy | 5222026 | 35.82 | 2,367 | 84,786 | 537,300 | Form | |
| 3 | Olson, Ronald L | Direct | Buy | 12222025 | 16.00 | 7,896 | 126,336 | 126,336 | Form | |
| 4 | Joyce, John R | Direct | Buy | 12222025 | 16.00 | 10,422 | 166,752 | 166,752 | Form | |
| 5 | Gunderson, Robert V JR | Direct | Buy | 12222025 | 16.00 | 12,633 | 202,128 | 202,128 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Durable, Capital Partners LP | See footnote (1) | Sell | 7092026 | 40.01 | 336,736 | 13,472,807 | 53,363,297 | Form | |
| 2 | Gunderson, Robert V JR | Direct | Buy | 5222026 | 35.82 | 2,367 | 84,786 | 537,300 | Form | |
| 3 | Olson, Ronald L | Direct | Buy | 12222025 | 16.00 | 7,896 | 126,336 | 126,336 | Form | |
| 4 | Joyce, John R | Direct | Buy | 12222025 | 16.00 | 10,422 | 166,752 | 166,752 | Form | |
| 5 | Gunderson, Robert V JR | Direct | Buy | 12222025 | 16.00 | 12,633 | 202,128 | 202,128 | Form | |
| 6 | Nicolai, John | Direct | Buy | 12222025 | 16.00 | 9,475 | 151,600 | 151,600 | Form | |
| 7 | Durable, Capital Partners LP | See footnote (1) | Buy | 12192025 | 20.82 | 357,985 | 7,454,060 | 34,783,286 | Form |
Investor Activity (13F)
Updated Aug 23, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Andersen — Investor Video Playlist
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Specialized Consumer Services Resources |
| Consumer Reports |
| Better Business Bureau (BBB) |
| TrendWatching |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.