ANDG

Company Overview — What Does Andersen Group Inc. Do?

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors. We are a leading provider of independent tax, valuation and financial advisory services to individuals and family offices, businesses and institutional clients in the United States. We have strategically expanded our business to build an integrated platform of service offerings that enables us to solve our clients’ most complex tax and financial challenges. The success of our approach is reflected in our consistent growth to date, having delivered a revenue compound annual growth rate (CAGR) of 15% since 2003, the first full fiscal year following our formation, through December 31, 2024, and a net income CAGR of 24% since 2009, the first full fiscal year following our management buyout from HSBC, through December 31, 2024. We have achieved this by delivering specialized technical expertise combined with practical advice, supported by our widely recognized and strong firm culture, integrated services offerings and global capabilities. Our global reach is facilitated through our membership in Andersen Global, a Swiss association of over 300 member and collaborating firms. Our differentiated approach to client service is rooted in our firm values that emphasize quality of service, collaboration and stewardship. We strive for excellence by leveraging the extensive experience of our Managing Directors, many of whom are thought leaders in their respective fields, and ensuring that they are deeply involved in client service through our low-leverage operating model. Our leadership team has created a collaborative working environment, ensuring that our clients benefit from high-functioning teams and access to Managing Directors across our multiple service lines. We also place a high premium on stewardship as we focus on nurturing our professionals’ development, fostering a vibrant workplace conducive to long-term careers and creating an environment of continuous learning. Taken together, our firm culture supports our resilient business and low employee turnover, enabling us to consistently deliver high-quality services to our clients. Built on the legacy of Arthur Andersen, we believe our brand is one of the most globally recognized and respected names within professional services. Associated with commitment to the highest standards of professionalism, the Andersen brand stands for a culture of excellence, superior client service, deep talent and consistent growth. These defining qualities of our brand have helped serve as a catalyst for meaningful and sustained client growth and continue to drive our ability to attract new clients and talented professionals today. Our ability to deliver exceptional client service is further bolstered by our membership in Andersen Global. As the founding member of Andersen Global, we have created a strategic set of relationships with member and collaborating firms worldwide, which enable us to better deliver services internationally at scale. With over 50,000 professionals and 3,000 partners operating in over 180 countries as of September 30, 2025, Andersen Global and its affiliates provide our clients with access to deep tax, legal and financial expertise that is differentiated from traditional multinational consulting firms and is complemented by on-the-ground experience with local business practices and regulations. Our foundational role in Andersen Global and the depth and breadth of expertise offered by its member and collaborating firms give us the ability to service our U.S. clients internationally. We have built a multidimensional independent advisory firm with the ability to provide differentiated services across tax and financial services to address our clients’ most complex challenges. Our primary end-to-end services offerings include: • Private Client Services. We provide comprehensive tax and financial services for individuals and families, addressing complex client matters involving multigenerational wealth, charitable giving and trust and estate planning. • Business Tax Services. We offer a broad range of scalable, integrated tax-related consulting and compliance services for businesses, helping organizations with managing their tax planning, compliance and reporting needs effectively. • Alternative Investment Funds. We deliver comprehensive tax and financial services for a range of investment funds including family offices, funds of funds, hedge funds, private equity funds, venture capital funds and real estate investment trusts. • Valuation Services. We provide clients with in-depth, independent valuation expertise that helps clients navigate tax laws and regulations and comply with important regulatory requirements. Since our inception, we have made a deliberate decision not to provide audit or related financial statement attestation services. As a result, we are not limited by the associated regulations that audit firms are subject to in the United States and internationally. This allows us to offer a comprehensive suite of non-audit services tailored to our clients’ specific needs, enabling us to build a differentiated, trusted relationship with them. We meet our clients’ most critical needs because of our distinctly qualified and talented professionals. We have rapidly increased our headcount over the past several years, employing over 2,300 personnel in 26 locations across the United States as of September 30, 2025. In addition, through Andersen Global, we have a global reach that gives us access to additional professionals worldwide. In an industry in which access to talent is a critical differentiator, we believe we benefit from long staff tenure and low attrition rates that help us maintain long-lasting client relationships. As of December 31, 2024, our average Managing Director tenure exceeded ten years, and our average client-facing non-partner attrition rate over the past three years, excluding involuntary terminations, was approximately 17% compared to the industry average of approximately 21%. This low attrition rate reflects our focus on investing in and retaining our talent. Since our founding, we have never implemented any broad-based layoffs, despite having operated through several periods of significant economic uncertainty. We attract a highly diverse range of clients across the United States and internationally. As of September 30, 2025, we had performed services for over 11,900 client groups across the United States, representing an increase of 6% from September 30, 2024. Client groups will often comprise multiple client engagements with different entities or individuals, such as multiple subsidiaries of an entity, multiple principals within a single private equity fund or multiple individuals or trusts within a single wealthy family. Accordingly, we had over 21,000 client engagements in the nine months ended September 30, 2025 representing an increase of 7% from the nine months ended September 30, 2024. During the nine months ended September 30, 2025, we derived approximately 52% of our revenue from private client services, 34% from business tax services, 10% from alternative investment fund services and 4% from valuation services. We believe that our exceptional level of service and the expertise that we provide has enabled us to build long-lasting client relationships. In 2024, approximately 74% of our revenue came from client groups that have engaged our services for more than three years. Andersen Group Inc. was formed as a Delaware corporation in April 2025. Prior to this offering, Andersen Group Inc. had no material assets and has not engaged in any business or other activities except in connection with the reorganization transactions and this offering. After the completion of this offering, Andersen Group Inc. will be the managing member of Andersen Tax Holdings LLC, which was originally organized under the name WTAS Holdings LLC in December 2007 in connection with a management buyout transaction from HSBC USA Inc. Andersen Tax Holdings LLC owns the main operating entity, Andersen Tax LLC. Andersen Tax LLC was previously known as WTAS LLC, which was the successor entity to Wealth and Tax Advisory Services, Inc., which was founded in 2002. In 2014, we acquired the rights to the Andersen trademarks and rebranded ourselves as Andersen Tax Holdings LLC and Andersen Tax LLC. Our principal executive offices are located in San Francisco, California. Andersen Group Inc. (ANDG) is classified as a mid-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Mark Vorsatz and employs approximately 2,347 people, headquartered in SAN FRANCISCO, California. With a market capitalization of $3.2B, ANDG is one of the notable companies in the Industrials sector.

Andersen Group Inc. (ANDG) Stock Rating — Hold (April 2026)

As of April 2026, Andersen Group Inc. receives a Hold rating with a composite score of 32.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ANDG ranks #1,850 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Andersen Group Inc. ranks #293 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ANDG Stock Price and 52-Week Range

Andersen Group Inc. (ANDG) currently trades at $28.25. The stock gained $0.26 (0.9%) in the most recent trading session. Recent trading volume was 178K shares, suggesting relatively thin trading activity.

Is ANDG Overvalued or Undervalued? — Valuation Analysis

Andersen Group Inc. (ANDG) carries a value factor score of 29/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-sales ratio is 0.11x, compared to 0.50x for the average Industrials stock.

At current multiples, Andersen Group Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Andersen Group Inc. Profitability — ROE, Margins, and Quality Score

Andersen Group Inc. (ANDG) earns a quality factor score of 25/100, signaling below-average profitability metrics relative to the broader market. Return on assets (ROA) comes in at -92.1% versus the sector average of 3.3%.

The operating margin is -16.1% (sector: 6.2%). Net profit margin stands at -15.5%, versus 3.9% for the average Industrials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ANDG Debt, Balance Sheet, and Financial Health

Balance sheet data for ANDG is evaluated through our stability factor. The current ratio is 2.10x, indicating strong short-term liquidity. Total debt on the balance sheet is $350M.

ANDG has a beta of 1.02, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Andersen Group Inc. is 39/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Andersen Group Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Andersen Group Inc. reported revenue of $839M. Net income for the quarter was $-130M. Operating income came in at $-135M.

In FY 2025, Andersen Group Inc. reported revenue of $839M. Net income for the quarter was $-130M. Operating income came in at $-135M.

ANDG Dividend Yield and Income Analysis

Andersen Group Inc. (ANDG) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

ANDG Momentum and Technical Analysis Profile

Andersen Group Inc. (ANDG) has a momentum factor score of 33/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 57/100 reflects moderate short selling activity.

ANDG vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Andersen Group Inc. (ANDG) ranks #293 out of 752 stocks based on the Blank Capital composite score. This places ANDG in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing ANDG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ANDG vs S&P 500 (SPY) comparison to assess how Andersen Group Inc. stacks up against the broader market across all factor dimensions.

ANDG Next Earnings Date

No upcoming earnings date has been announced for Andersen Group Inc. (ANDG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ANDG? — Investment Thesis Summary

Andersen Group Inc. presents a balanced picture with arguments on both sides. The quality score of 25/100 flags below-average profitability. The value score of 29/100 indicates premium valuation. Momentum is weak at 33/100, a headwind for near-term performance. High volatility (stability score 39/100) increases portfolio risk.

In summary, Andersen Group Inc. (ANDG) earns a Hold rating with a composite score of 32.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ANDG stock.

Related Resources for ANDG Investors

Explore more research and tools: ANDG vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ANDG head-to-head with peers: ANDG vs SOBO, ANDG vs TEN, ANDG vs GLDD.