Forensic Analysis · General / Diversified · as of Jun 27, 2026
Andersen Group Inc. (ANDG)
A forensic read on Andersen Group Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Distress
Financial health
-0.1
Altman Z-score
Clean
Earnings quality
3
Forensic signals
$4.2B
Market cap
Andersen Group Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is -0.1, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-90%Return on invested capital.Return on invested capital is -90% and slipping from 59% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
18% of revStock-based comp load.Stock-based compensation ran 18% of revenue and 85% of free cash flow in FY2025. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
122% of FCFShareholder returns.Returned $212M to shareholders (buybacks + dividends) in FY2025 — 122% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely.
Key fundamentals
Net Margin-0.3%
Free Cash Flow$174.3M
Latest Revenue$838.7M
Revenue Growth YoY+14.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Andersen Group Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about ANDG's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown