NASDAQ : ALTO
Alto Ingredients, Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 3.65 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 283.12M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Alto Ingredients, Inc. (ALTO) reported revenue of 943.33M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 943.33M | 917.93M | 965.26M | 1.22B | 1.34B | 1.21B |
| Cost of Revenue | 878.82M | 883.01M | 955.54M | 1.21B | 1.36B | 1.14B |
| Gross Profit | 64.51M | 34.91M | 9.72M | 15.65M | -27.55M | 67.78M |
| Selling, General & Admin | 27.76M | 27.21M | 29.74M | 29.86M | 28.08M | 29.18M |
| Operating Expenses | 27.76M | 27.21M | 29.74M | 29.86M | 28.08M | 29.18M |
| Operating Income | 36.75M | 7.71M | -20.01M | -14.21M | -55.63M | 38.60M |
| Interest Expense | -9.38M | -10.77M | -7.64M | -7.42M | -1.83M | -3.59M |
| Other Non Operating Income (Expenses) | 25.14M | 16.12M | 508.00K | 553.00K | 862.00K | 1.21M |
| EBT Excluding Unusual Items | 52.51M | 13.06M | -27.15M | -21.08M | -56.59M | 36.22M |
| Merger & Restructuring Charges | 460.00K | 460.00K | -7.70M | -2.80M | -3.50M | |
| Impairment of Goodwill | -6.00M | |||||
| Gain (Loss) on Sale of Assets | 830.00K | -293.00K | -2.23M | 4.57M | ||
| Asset Writedown | -803.00K | -803.00K | -24.79M | -544.00K | -3.10M | |
| Other Unusual Items | -800.00K | 2.81M | 22.65M | 9.86M | ||
| Pretax Income | 51.37M | 12.72M | -58.81M | -27.91M | -39.67M | 47.55M |
| Income Tax Expense | -621.00K | -621.00K | 173.00K | 97.00K | 1.93M | 1.47M |
| Earnings From Continuing Operations | 51.99M | 13.34M | -58.98M | -28.00M | -41.60M | 46.08M |
| Net Income | 51.99M | 13.34M | -58.98M | -28.00M | -41.60M | 46.08M |
| Preferred Dividends & Other Adjustments | 1.26M | 1.26M | 1.27M | 1.26M | 1.26M | 1.86M |
| Net Income to Common | 50.72M | 12.07M | -60.25M | -29.27M | -42.86M | 44.22M |
| Shares Outstanding (Basic) | 74.99M | 74.51M | 73.48M | 73.34M | 71.94M | 71.10M |
| Shares Outstanding (Diluted) | 76.85M | 75.66M | 73.48M | 73.34M | 71.94M | 72.22M |
| EPS (Basic) | 0.68 | 0.16 | -0.82 | -0.40 | -0.60 | 0.62 |
| EPS (Diluted) | 0.66 | 0.16 | -0.82 | -0.40 | -0.60 | 0.61 |
| Free Cash Flow | 49.94M | 8.65M | -14.59M | -7.51M | -31.70M | 10.44M |
| Free Cash Flow Per Share | 0.65 | 0.11 | -0.20 | -0.10 | -0.44 | 0.14 |
| Gross Margin | 6.84% | 3.80% | 1.01% | 1.28% | -2.06% | 5.61% |
| Operating Margin | 3.90% | 0.84% | -2.07% | -1.16% | -4.17% | 3.20% |
| Profit Margin | 5.38% | 1.31% | -6.24% | -2.39% | -3.21% | 3.66% |
| Free Cash Flow Margin | 5.29% | 0.94% | -1.51% | -0.61% | -2.37% | 0.86% |
| EBITDA | 62.15M | 32.92M | 4.39M | 8.87M | -30.53M | 61.89M |
| EBITDA Margin | 6.59% | 3.59% | 0.46% | 0.73% | -2.29% | 5.12% |
| D&A For EBITDA | 25.40M | 25.22M | 24.41M | 23.08M | 25.09M | 23.29M |
| EBIT | 36.75M | 7.71M | -20.01M | -14.21M | -55.63M | 38.60M |
| EBIT Margin | 3.90% | 0.84% | -2.07% | -1.16% | -4.17% | 3.19% |
| Effective Tax Rate | 3.09% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.96M | 23.41M | 35.47M | 30.01M | 36.46M | 50.61M |
| Cash & Short-Term Investments | 23.96M | 23.41M | 35.47M | 30.01M | 36.46M | 50.61M |
| Accounts Receivable | 67.89M | 55.07M | 58.22M | 58.73M | 68.66M | 86.89M |
| Other Receivables | 8.27M | 7.50M | ||||
| Receivables | 76.15M | 62.57M | 58.22M | 58.73M | 68.66M | 86.89M |
| Inventory | 51.61M | 61.68M | 49.91M | 52.61M | 66.63M | 54.37M |
| Restricted Cash | 2.26M | 742.00K | 15.47M | 13.07M | 11.51M | |
| Other Current Assets | 9.10M | 6.00M | 8.78M | 11.95M | 14.31M | 26.14M |
| Total Current Assets | 160.82M | 155.92M | 153.12M | 168.77M | 199.12M | 229.53M |
| Property, Plant & Equipment | 218.97M | 215.43M | 235.29M | 271.35M | 258.01M | 235.96M |
| Goodwill | 5.97M | |||||
| Other Intangible Assets | 7.26M | 7.57M | 4.51M | 8.50M | 9.09M | 2.68M |
| Other Long-Term Assets | 10.01M | 9.86M | 8.52M | 5.63M | 6.14M | 5.14M |
| Total Assets | 397.07M | 388.79M | 401.44M | 454.24M | 478.32M | 484.95M |
| Accounts Payable | 24.22M | 14.51M | 20.37M | 20.75M | 28.11M | 23.25M |
| Accrued Expenses | 16.42M | 16.69M | 24.21M | 20.20M | 26.56M | 21.31M |
| Current Portion of Long-Term Debt | 16.60M | |||||
| Current Portion of Leases | 4.92M | 4.96M | 4.85M | 4.33M | 3.85M | 3.91M |
| Other Current Liabilities | 4.84M | 6.31M | 8.37M | 20.00M | 19.50M | 21.14M |
| Total Current Liabilities | 50.40M | 59.07M | 57.80M | 65.29M | 78.02M | 69.60M |
| Long-Term Debt | 60.47M | 63.03M | 92.90M | 82.10M | 68.36M | 50.36M |
| Long-Term Leases | 17.55M | 13.01M | 16.91M | 19.03M | 15.06M | 9.38M |
| Pension & Post-Retirement Benefits | -486.00K | 866.00K | 4.08M | 4.87M | 7.94M | |
| Long-Term Deferred Tax Liabilities | 236.00K | 236.00K | 236.00K | 236.00K | 236.00K | |
| Other Long-Term Liabilities | 8.77M | 8.69M | 7.65M | 3.96M | 3.70M | 2.21M |
| Total Liabilities | 137.19M | 143.54M | 176.38M | 174.68M | 170.23M | 139.74M |
| Common Stock | 78.00K | 77.00K | 77.00K | 76.00K | 75.00K | 73.00K |
| Additional Paid-In Capital | 1.05B | 1.05B | 1.04B | 1.04B | 1.04B | 1.04B |
| Retained Earnings | -796.75M | -812.09M | -824.17M | -763.91M | -734.64M | -691.78M |
| Comprehensive Income & Other | 5.46M | 5.46M | 4.97M | 2.48M | 1.82M | -284.00K |
| Total Common Equity | 259.88M | 245.24M | 225.06M | 279.56M | 308.09M | 345.21M |
| Shareholders' Equity | 259.88M | 245.24M | 225.06M | 279.56M | 308.09M | 345.21M |
| Total Liabilities & Equity | 397.07M | 388.79M | 401.44M | 454.24M | 478.32M | 484.95M |
| Total Debt | 82.94M | 97.60M | 114.67M | 105.46M | 87.27M | 63.65M |
| Net Cash (Debt) | -58.98M | -74.18M | -79.20M | -75.44M | -50.81M | -13.04M |
| Net Cash Per Share | -0.77 | -0.98 | -1.08 | -1.03 | -0.71 | -0.18 |
| Filing Date Shares Outstanding | 77.57M | 77.29M | 76.61M | 75.70M | 75.15M | 73.73M |
| Total Common Shares Outstanding | 77.58M | 77.31M | 76.57M | 75.70M | 75.16M | 72.78M |
| Working Capital | 110.43M | 96.85M | 95.31M | 103.48M | 121.10M | 159.92M |
| Book Value Per Share | 3.35 | 3.17 | 2.94 | 3.69 | 4.10 | 4.74 |
| Tangible Book Value | 252.61M | 237.67M | 220.55M | 271.06M | 293.03M | 342.54M |
| Tangible Book Value Per Share | 3.26 | 3.07 | 2.88 | 3.58 | 3.90 | 4.71 |
| Land | 3.59M | 3.59M | 3.69M | 3.69M | 4.07M | |
| Machinery | 23.61M | 20.64M | 9.72M | 9.88M | 7.66M | |
| Construction In Progress | 4.71M | 11.15M | 50.51M | 37.54M | 22.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 51.99M | 13.34M | -58.98M | -28.00M | -41.60M | 46.08M |
| Depreciation & Amortization | 25.40M | 25.22M | 24.41M | 23.08M | 25.09M | 23.29M |
| Other Amortization | 1.01M | 1.01M | 1.02M | 1.05M | 177.00K | 778.00K |
| Loss (Gain) From Sale of Assets | -830.00K | 293.00K | 2.23M | -4.57M | ||
| Asset Writedown & Restructuring Costs | 803.00K | 803.00K | 24.79M | 6.54M | 3.10M | |
| Stock-Based Compensation | 3.07M | 3.02M | 4.36M | 3.90M | 3.33M | 2.88M |
| Provision & Write-off of Bad Debts | 16.00K | 53.00K | -50.00K | 427.00K | -217.00K | 158.00K |
| Other Operating Activities | -30.72M | -13.76M | -8.19M | 11.03M | -14.53M | -31.71M |
| Change in Accounts Receivable | -9.95M | 3.31M | 562.00K | 9.50M | 23.97M | -43.55M |
| Change in Inventory | 2.90M | -12.62M | 4.48M | 11.82M | -15.48M | -16.45M |
| Change in Accounts Payable | 17.81M | -2.83M | 9.95M | -12.55M | 20.50M | 13.21M |
| Change in Other Net Operating Assets | 2.68M | -4.31M | -5.03M | -5.05M | 2.56M | 33.59M |
| Operating Cash Flow | 65.01M | 13.24M | -3.52M | 22.02M | 6.05M | 26.82M |
| Capital Expenditures | -15.07M | -4.60M | -11.07M | -29.53M | -37.74M | -16.38M |
| Sale of Property, Plant & Equipment | 400.00K | |||||
| Cash Acquisitions | -9.52M | -2.80M | -3.50M | -14.69M | ||
| Divestitures | 43.50M | |||||
| Other Investing Activities | 6.69M | 6.69M | 14.77M | |||
| Investing Cash Flow | -8.38M | -7.43M | -13.47M | -33.03M | -37.66M | 27.12M |
| Long-Term Debt Issued | 8.99M | 12.61M | 59.10M | 17.89M | ||
| Long-Term Debt Repaid | -15.09M | -32.33M | -55.50M | |||
| Net Debt Issued (Repaid) | -59.67M | -15.09M | 8.99M | 12.61M | 26.77M | -37.61M |
| Issuance of Common Stock | 462.00K | |||||
| Repurchase of Common Stock | -2.23M | -3.67M | -1.32M | |||
| Preferred Dividends Paid | -1.26M | -1.26M | -1.27M | -1.26M | -1.26M | -2.85M |
| Dividends Paid | -1.26M | -1.26M | -1.27M | -1.26M | -1.26M | -2.85M |
| Other Financing Activities | -714.00K | -5.17M | ||||
| Financing Cash Flow | -63.16M | -16.36M | 7.72M | 6.96M | 19.01M | -40.00M |
| Net Cash Flow | -6.53M | -10.54M | -9.27M | -4.04M | -12.60M | 13.94M |
| Free Cash Flow | 49.94M | 8.65M | -14.59M | -7.51M | -31.70M | 10.44M |
| Free Cash Flow Margin | 5.29% | 0.94% | -1.51% | -0.61% | -2.37% | 0.86% |
| Free Cash Flow Per Share | 0.65 | 0.11 | -0.20 | -0.10 | -0.44 | 0.14 |
| Levered Free Cash Flow | 22.56M | -7.55M | 14.53M | -4.33M | -20.32M | 26.40M |
| Unlevered Free Cash Flow | 27.42M | -1.84M | 18.30M | -740.88K | -19.36M | 27.86M |
| Cash Interest Paid | 7.74M | 9.02M | 8.32M | 7.92M | 2.21M | 3.49M |
| Cash Income Tax Paid | -15.00K | -627.00K | 324.00K | 2.26M | 448.00K | |
| Change in Working Capital | 13.44M | -16.44M | 9.96M | 3.71M | 31.55M | -13.19M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 283.12M | 222.75M | 119.57M | 202.53M | 216.71M | 350.17M |
| Enterprise Value | 342.10M | 309.93M | 189.50M | 276.24M | 246.99M | 415.03M |
| Last Close Price | 3.65 | 2.88 | 1.56 | 2.66 | 2.88 | 4.81 |
| PE Ratio | 5.56 | 18.45 | 7.92 | |||
| Forward PE | 10.63 | 6.84 | 16.87 | 16.38 | 6.80 | 6.47 |
| PS Ratio | 0.30 | 0.24 | 0.12 | 0.17 | 0.16 | 0.29 |
| PB Ratio | 1.09 | 0.91 | 0.53 | 0.72 | 0.70 | 1.01 |
| P/TBV Ratio | 1.12 | 0.94 | 0.54 | 0.75 | 0.74 | 1.02 |
| P/FCF Ratio | 5.67 | 25.76 | 33.55 | |||
| P/OCF Ratio | 4.35 | 16.82 | 9.20 | 35.83 | 13.06 | |
| PEG Ratio | 2.08 | 2.08 | 2.08 | 2.08 | 2.08 | |
| EV/Sales Ratio | 0.36 | 0.34 | 0.20 | 0.23 | 0.18 | 0.34 |
| EV/EBITDA Ratio | 5.50 | 9.41 | 43.13 | 31.15 | 6.71 | |
| EV/EBIT Ratio | 9.31 | 40.22 | 10.75 | |||
| EV/FCF Ratio | 6.85 | 35.84 | 39.77 | |||
| Debt / Equity Ratio | 0.32 | 0.40 | 0.51 | 0.38 | 0.28 | 0.18 |
| Debt / EBITDA Ratio | 1.20 | 2.46 | 10.51 | 6.82 | 0.96 | |
| Debt / FCF Ratio | 1.66 | 11.29 | 6.10 | |||
| Net Debt / Equity Ratio | 0.23 | 0.30 | 0.35 | 0.27 | 0.17 | 0.04 |
| Net Debt / EBITDA Ratio | 0.95 | 2.25 | 18.02 | 8.51 | -1.66 | 0.21 |
| Net Debt / FCF Ratio | 1.18 | 8.58 | -5.43 | -10.05 | -1.60 | 1.25 |
| Asset Turnover | 2.39 | 2.32 | 2.26 | 2.62 | 2.77 | 2.51 |
| Inventory Turnover | 16.66 | 15.83 | 18.64 | 20.25 | 22.53 | 24.70 |
| Quick Ratio | 1.99 | 1.46 | 1.62 | 1.36 | 1.35 | 1.98 |
| Current Ratio | 3.19 | 2.64 | 2.65 | 2.58 | 2.55 | 3.30 |
| Return on Equity (ROE) | 22.23% | 5.67% | -23.38% | -9.53% | -12.73% | 14.37% |
| Return on Assets (ROA) | 5.81% | 1.22% | -2.92% | -1.91% | -7.22% | 5.02% |
| Return on Invested Capital (ROIC) | 11.49% | 2.47% | -6.07% | -3.98% | -15.51% | 10.46% |
| Return on Capital Employed (ROCE) | 10.60% | 2.30% | -5.80% | -3.70% | -13.90% | 9.30% |
| Earnings Yield | 17.98% | 5.99% | -49.33% | -13.83% | -19.19% | 13.16% |
| FCF Yield | 17.64% | 3.88% | -12.20% | -3.71% | -14.62% | 2.98% |
| Payout Ratio | 9.48% | 6.19% | ||||
| Buyback Yield / Dilution | -3.80% | -2.97% | -0.19% | -1.94% | 0.38% | -23.22% |