Saturday 17 October 2026 Export ALTO’s income statement to Excel — free account

Alto Ingredients, Inc.

ALTO Basic Materials Specialty Chemicals

Alto Ingredients, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $917.9 million, down 4.90% from fiscal 2024. In the quarter to June 2026, revenue grew 12.5%, EPS grew 200.0%, free cash flow grew 1,443.9% and total debt fell 48.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

3.42 0.24 −6.56%

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Market cap: $283.9M
P/E: 5.0×
Fwd P/E: 12.8×
Dividend yield: —
F-score: 7/9
Altman Z: 0.70
Beneish M: −2.81
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.36

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	1	1	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 9.63%

Capital & Financial Ratios $m

Market Cap 283.90

Revenue 943.33

Net Income 51.99

Free Cash Flow 49.94

Net Debt 32.33

Current Ratio 3.19

Debt/Equity 0.23

P/E ratio 5.03

Fwd P/E 12.80

P/S ratio 0.27

P/B ratio 0.99

Past 5Y EPS Growth —

This Y EPS Growth 135.42%

Next Y EPS Growth (13.27%)

Next Y revenue growth 5.32%

Next 5Y EPS Growth 31.04%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 78.88%

10-year low 10-year high

P/B against its own 10 years 75.53%

10-year low 10-year high

EV/Sales against its own 10 years 79.32%

10-year low 10-year high

EV/FCF against its own 10 years 4.18%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	48	40	26	28
Receivables	59	58	55	68
Inventory	53	50	62	52
Other	10	5	13	13
	169	153	156	161

	2023	2024	2025	Q'26
Payables	21	20	15	24
ST’ Debt	—	—	17	—
Other	20	8	6	5
	65	58	59	50

Compound Annual Growth %

	10y	5y	3y
Sales	(2.57%)	0.46%	(11.75%)
Cash Flow	0.00%	(28.66%)	29.85%
Earnings	0.00%	0.00%	0.00%
Book Value	(4.07%)	(3.71%)	(7.32%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	225	246	—	—	—
’25	227	218	241	232	918
’24	241	236	252	236	965
’23	314	317	318	274	1,223
’22	308	362	337	328	1,336
’21	219	298	306	385	1,208
’20	311	212	205	169	897

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4	28	—	—	—
’25	(18)	(1)	23	10	13
’24	1	(14)	19	(10)	(4)
’23	(23)	10	23	12	22
’22	11	10	(19)	4	6
’21	(4)	8	(24)	46	27
’20	27	19	30	(4)	72

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3	18	—	—	—
’25	(19)	(1)	21	8	9
’24	(3)	(18)	18	(11)	(14)
’23	(33)	2	16	7	(8)
’22	9	2	(34)	(8)	(32)
’21	(9)	9	(12)	23	10
’20	26	17	28	4	75

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.05	0.15	—	—	—
’25	(0.16)	(0.15)	0.19	0.28	0.16
’24	(0.17)	(0.05)	(0.04)	(0.57)	(0.82)
’23	(0.18)	0.10	(0.05)	(0.26)	(0.40)
’22	(0.04)	0.29	(0.39)	(0.46)	(0.60)
’21	0.06	0.11	(0.05)	0.49	0.61
’20	(0.47)	0.27	0.24	(0.30)	(0.28)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.41	4.10	0.76	0.39	0.22	4.39	2.61	1.20	1.18	0.76	Analyst estimates 2026–2028 Powerpack
	High	10.95	10.05	4.75	1.67	11.44	8.34	7.37	4.97	2.80	3.18
People
People	Employees	500	560	510	500	370	417	439	460	393	390
	Revenue/emp, $m	3.25	2.91	2.97	2.85	2.42	2.90	3.04	2.66	2.46	2.35
Income, $m
Income, $m	Revenue	1,625	1,632	1,515	1,425	897	1,208	1,336	1,223	965	918
	Gross margin, %	3.35	0.36	(1.00)	(0.70)	5.89	5.61	(2.06)	1.28	1.01	3.80
	EBT	1	(38)	(68)	(101)	(17)	48	(40)	(28)	(59)	13
	EBT margin, %	0.03	(2.35)	(4.52)	(7.11)	(1.93)	3.94	(2.97)	(2.28)	(6.09)	1.39
	Net income	2	(38)	(68)	(101)	(17)	46	(42)	(28)	(59)	13
	Depreciation	38	40	42	49	31	24	25	25	26	27
Per share, $
Per share, $	Revenue	38.52	38.19	34.94	30.07	15.31	16.99	18.56	16.68	13.14	12.32
	Earnings	0.00	(0.85)	(1.42)	(1.90)	(0.28)	0.62	(0.60)	(0.40)	(0.82)	0.16
	Cash flow	0.88	0.85	0.04	(0.66)	1.22	0.38	0.08	0.30	(0.05)	0.18
	Capex	(0.45)	(0.49)	(0.35)	(0.07)	0.06	(0.23)	(0.52)	(0.40)	(0.15)	(0.06)
	Free cash flow	0.43	0.37	(0.31)	(0.73)	1.28	0.15	(0.44)	(0.10)	(0.19)	0.12
	Book value	9.92	8.98	7.36	4.79	5.05	4.86	4.28	3.81	3.06	3.29
	Shares, m	42	43	43	47	59	71	72	73	73	75
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	7.76	0.00	0.00	0.00	16.94
	P/S	0.26	0.12	0.02	0.02	0.35	0.28	0.16	0.16	0.12	0.23
	P/B	0.99	0.51	0.12	0.14	1.07	0.99	0.68	0.70	0.51	0.88
	EV/Sales	0.34	0.24	0.16	0.18	0.41	0.26	0.17	0.19	0.18	0.29
	EV/FCF	30.48	24.83	(17.82)	(7.41)	4.89	30.50	(7.16)	(31.28)	(12.13)	30.99
Cash, $m
Cash, $m	Operating cash flow	37	37	2	(31)	72	27	6	22	(4)	13
	Capex	(19)	(21)	(15)	(3)	3	(16)	(38)	(30)	(11)	(5)
	Free cash flow	18	16	(14)	(35)	75	10	(32)	(8)	(14)	9
Balance, $m
Balance, $m	Working capital	156	113	(63)	72	127	160	121	103	95	97
	Total debt	199	241	231	244	97	54	72	82	93	80
	Net debt	135	192	205	225	49	(24)	18	34	53	53
	Shareholders’ equity	418	384	319	227	296	345	308	280	225	245
Returns, %
Returns, %	ROA	0.02	(5.07)	(8.92)	(14.18)	(3.01)	9.19	(8.90)	(6.28)	(14.08)	3.06
	ROIC	2.66	(2.78)	(6.15)	(10.33)	1.78	7.79	(11.77)	(4.75)	(11.60)	1.54
	ROE	0.04	(9.04)	(17.51)	(33.02)	(6.26)	13.79	(13.12)	(9.96)	(23.88)	5.13

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MATV Mativ Holdings, Inc.	$644.1M	6.9×	— (loss-making)	+1.22% (above 0%: growing)	n/m	+19.37% (above 0%: growing)	21.31%	6.64%	Compare
OEC Orion S.A.	$316.5M	— (loss-making)	— (loss-making)	+7.40% (above 0%: growing)	−81.25% (below 0%: shrinking)	−83.48% (below 0%: shrinking)	18.57%	4.25%	Compare
MNTK Montauk Renewables, Inc.	$301.8M	34.7×	14.4×	+19.71% (above 0%: growing)	n/m	+60.35% (above 0%: growing)	100.00%	(0.14%)	Compare
GEVO Gevo, Inc.	$289.3M	— (loss-making)	— (loss-making)	+7.11% (above 0%: growing)	n/m	−167.47% (below 0%: shrinking)	42.58%	(369.25%)	Compare
ALTO Alto Ingredients, Inc.	$283.9M	5.0×	12.8×	+12.48% (above 0%: growing)	n/m	+1,443.92% (above 0%: growing)	6.77%	3.51%
FF FutureFuel Corp.	$247.8M	— (loss-making)	— (loss-making)	+120.69% (above 0%: growing)	n/m	+4,245.38% (above 0%: growing)	19.08%	14.29%	Compare
HDSN Hudson Technologies, Inc.	$212.1M	24.1×	14.1×	+7.54% (above 0%: growing)	−47.83% (below 0%: shrinking)	+5.45% (above 0%: growing)	26.41%	9.44%	Compare
CMT Core Molding Technologies Inc	$206.6M	26.6×	21.6×	−20.84% (below 0%: shrinking)	−55.32% (below 0%: shrinking)	+809.20% (above 0%: growing)	20.29%	3.66%	Compare
FEAM 5E Advanced Materials, Inc.	$156.8M	— (loss-making)	—	—	n/m	+17.79% (above 0%: growing)	0.00%	0.00%	Compare
Median of peers	$268.6M	25.4×	14.4×	+7.40%	−55.32%	+18.58%	20.80%	3.96%

All 60 Specialty Chemicals stocks →

Alto Ingredients, Inc. (ALTO) key facts

Concern: Alto Ingredients, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $917.9 million, down 4.90% from fiscal 2024.
Alto Ingredients, Inc. (ALTO) is a Specialty Chemicals company in the Basic Materials sector, listed on Nasdaq.
Net income was $13.3 million, or $0.16 per share (basic), a net margin of 1.32%.
As of October 16, 2026, ALTO traded at $3.42, a market capitalization of $283.9 million.
At that price the stock trades at 5.0× trailing-twelve-month earnings and 0.3× sales.
Return on equity was 5.13% and debt-to-equity 0.23.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 0.70 (distress zone) for fiscal 2025.