ANDG
AndersenConsumer Cyclical·Specialty Business Services
$37.00
$4.2B market cap
Revenue
$411.1M
Free Cash Flow
$69.5M
Rev Growth
+0.0%
FCF Margin
16.9%
P/FCF
60.2x
EV/FCF
63.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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 rooted in core values that emphasize stewardship, transparency and the seamless delivery of independent, high-quality service. Worldwide, Andersen's presence spans more than 180 countries through its global platform of member and collaborating firms del
2-Year Price History
$38.52+57.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 240.8 | 30.4 | 28.1 | 0.5 | -3.9 | -7.6 | -3.7 | 206.8 | 448.6 | 11.0 | 16.5% | 4.9x | -- |
| Act | 2025-Q4 | 170.4 | -67.7 | 119.9 | 7.3 | 82.7 | 77.0 | -5.7 | 258.5 | 460.5 | 11.0 | 104.1% | -- | -- |
Valuation & Metrics
Market Stats
Price$37.00
Market Cap$4.2B
Enterprise Value$4.4B
P/S Ratio10.2x
P/FCF60.2x
EV/FCF63.6x
FCF Margin (TTM)16.9%
FCF Yield1.7%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$411.1M
Net Income$7.8M
Free Cash Flow$69.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin-9.1%
Net Margin1.9%
FCF Margin16.9%
CapEx % of Revenue2.3%
SBC % of Revenue0.0%
ROIC60.3%
WC Change % Rev-24.7%
Interest Coverage-6.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.5M
Days to Cover6.3
Change (vs Prior)-28.9%
Need at least 2 settlement dates for chart
Employees
Headcount2,296
Revenue / Employee$179,047
Gross Profit / Employee$100,209
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
9.2%(+1.2% YoY)
58 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.6%(+0.5% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BROWN ADVISORY INC | $66.3M | $26.61 | +$35.5M | +$66.3M | -0.5% | $60.79B |
| JPMORGAN CHASE & CO | $47.9M | $25.99 | +$2.3M | +$47.9M | -0.2% | $1.47T |
| Durable Capital Partners LP | $45.4M | $25.93 | +$0 | +$45.4M | +1.6% | $9.71B |
| ROYCE & ASSOCIATES LP | $38.3M | $26.51 | +$17.4M | +$38.3M | -0.9% | $10.09B |
| J. Goldman & Co LP | $32.6M | $25.97 | +$1.1M | +$32.6M | +0.5% | $2.16B |
| FRANKLIN RESOURCES INC | $30.7M | $26.08 | +$3.6M | +$30.7M | -0.2% | $403.03B |
| BAMCO INC /NY/ | $24.5M | $26.49 | +$10.9M | +$24.5M | -2.4% | $33.05B |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $15.2M | $25.93 | −$3.5M | +$15.2M | +0.3% | $13.60B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $13.9M | $27.20 | +$13.9M | +$13.9M | — | $4.04T |
| SEVEN GRAND MANAGERS, LLC | $13.6M | $25.93 | +$0 | +$13.6M | -0.7% | $1.50B |
| Telemark Asset Management, LLC | $13.6M | $26.95 | +$10.9M | +$13.6M | -0.5% | $1.08B |
| CITADEL ADVISORS LLC | $10.3M | $25.96 | +$215K | +$10.3M | -0.4% | $138.22B |
| Alyeska Investment Group, L.P. | $6.1M | $25.93 | −$2.7M | +$6.1M | -0.5% | $35.33B |
| Russell Investments Group, Ltd. | $6.0M | $26.90 | +$4.6M | +$6.0M | +1.5% | $93.03B |
| Ghisallo Capital Management LLC | $5.4M | $25.93 | +$0 | +$5.4M | +1.5% | $2.56B |
| BlackRock, Inc.Passive | $5.2M | $27.20 | +$5.2M | +$5.2M | -0.2% | $5.69T |
| ArrowMark Colorado Holdings LLC | $4.9M | $25.93 | −$7.4M | +$4.9M | -4.3% | $3.74B |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $4.5M | $25.93 | +$0 | +$4.5M | +0.5% | $24.00B |
| Burkehill Global Management, LP | $4.1M | $25.93 | +$0 | +$4.1M | +5.0% | $1.91B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $3.9M | $27.20 | +$3.9M | +$3.9M | +2.3% | $1.61T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.13%
avg per quarter
Holders (ex-self)
-0.13%
excl. this stock
Buyers (this Q)
-0.57%
40 buyers · $0.13B in
Sellers (this Q)
-1.43%
16 sellers · $0.02B out
alpha coverage: 96% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-8.4%
how holders react when this stock falls
On quiet Qs
+5.5%
−10% to +10% baseline
On rallies (+10%+)
-7.3%
how they react when this stock rises
Holders' portfolio flow this Q
-0.5%
outflows — trims may be forced
Sellers' portfolio flow this Q
-7.1%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
GOLDMAN SACHS GROUP INCexited−$10.4MArrowMark Colorado Holdings LLC−$7.4Mα-4.3BALYASNY ASSET MANAGEMENT LLCexited−$4.6MTUDOR INVESTMENT CORP ET ALexited−$3.7MDRIEHAUS CAPITAL MANAGEMENT LLC−$3.5Mα+0.3Jain Global LLCexited−$3.4MAlyeska Investment Group, L.P.−$2.7Mα-0.5HBK INVESTMENTS L Pexited−$1.9MLongaeva Partners L.P.exited−$1.8MLMR Partners LLPexited−$1.6M
New buyers this quarter
Top-5 holders · 54.1%
BROWN ADVISORY INC--
JPMORGAN CHASE & CO--
Durable Capital Partners LP--
ROYCE & ASSOCIATES LP--
J. Goldman & Co LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
BROWN ADVISORY INC2.4MJPMORGAN CHASE & CO1.9MDurable Capital Partners LP1.7MROYCE & ASSOCIATES LP1.4MJ. Goldman & Co LP1.2MFRANKLIN RESOURCES INC1.1MBAMCO INC /NY/900KDRIEHAUS CAPITAL MANAGEMENT LLC560KTelemark Asset Management, LLC500KSEVEN GRAND MANAGERS, LLC500KArrowMark Colorado Holdings LLC179K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (5 analysts)$39.20590.0%
Last Year (11 analysts)$33.91-840.0%
Current Price$37.00
Analyst Ratings
3
2
Buy: 3Hold: 2Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$85K
1 txn · 1 insider · 2,367 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$7.45M
1 txn · 1 insider · 357,985 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-20 | BUY | Gunderson Robert V JR | director | 2,367 | $35.82 | $85K | $537K |
| 2025-12-17 | BUY | Durable Capital Partners LP | 10 percent owner | 357,985 | $20.82 | $7.45M | $34.78M |
Order Flow (FINRA, ~3w lag)
11.5%retail-0.5pp
34.9%dark-2.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Andersen Group Inc.: Administrative Shell Lacking Substantive Disclosure
Overall Risk
5/10
Fraud
3/10
Dilution
5/10
Insolvency
5/10
Earnings Overstated
5/10
Hidden Liabilities
5/10
Legal
3/10
Audit Warnings
5/10
Hidden Upside
1/10
Contextually Acceptable
10/10