Alto Ingredients, Inc. (ALTO) 10-Year Financial Performance & Capital Metrics

ALTO • • Industrial / General

Basic MaterialsSpecialty ChemicalsRenewable & Bio-based ChemicalsBiofuels & Renewable Energy Chemicals

AboutAlto Ingredients, Inc. produces and markets specialty alcohols and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Production, and Other Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages, flavor extracts, and vinegar, as well as corn germ used in corn oils and carbon dioxide for food and beverage markets; and essential ingredients include dried yeast, corn gluten meal, corn gluten feed, distillers grains, and liquid feed for commercial animal feed and pet food applications. The company also provides fuel-grade ethanol used as transportation fuel and distillers corn oil used as a biodiesel feedstock, as well as fuel-grade ethanol produced by third parties. In addition, it offers transportation, storage, and delivery services through third-party service providers. The company sells ethanol to integrated oil companies and gasoline marketers; essential ingredient feed products to dairies and feedlots; and corn oil to poultry and biodiesel customers. It operates five alcohol production facilities, including three plants in the Midwestern states of Illinois; and two facilities located in the Western states of Oregon and Idaho. The company was formerly known as Pacific Ethanol, Inc. and changed its name to Alto Ingredients, Inc. in January 2021. Alto Ingredients, Inc. was founded in 2003 and is headquartered in Pekin, Illinois.Show more

Revenue $965M -21.1%
EBITDA -$27M -3450.4%
Net Income -$59M -110.6%
EPS (Diluted) -0.82 -105.0%
Gross Margin 1.01% -21.3%
EBITDA Margin -2.82% -4398.1%
Operating Margin -5.35% -174.5%
Net Margin -6.11% -166.8%
ROE -23.38% -145.3%
ROIC -11.76% -134.6%
Debt/Equity 0.51 +35.1%
Interest Coverage -6.76 -110.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 94 (top 6%)
✓Trading at only 0.9x book value
✓Efficient asset utilization: 2.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 7.5% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.36%

5Y-7.49%

3Y-7.2%

TTM-8%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-38.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM-38.08%

ROCE

10Y Avg-5.4%

5Y Avg-4.58%

3Y Avg-11.73%

Latest-14.11%

Peer Comparison

Biofuels & Renewable Energy Chemicals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
REXREX American Resources Corporation	1.11B	33.74	20.45	-22.91%	7.73%	7.67%	0.03
ALTOAlto Ingredients, Inc.	203.41M	2.63	-3.21	-21.07%	-5.44%	-22.56%	0.51
LOOPLoop Industries, Inc.	54.62M	1.13	-3.57	70.17%	-24.34%	-207.55%	8.41
GEVOGevo, Inc.	489.46M	2.02	-5.94	-1.66%	-37.33%	-9.51%	0.14
GPREGreen Plains Inc.	810.78M	11.61	-9	-25.39%	-8.37%	-24.28%	0.74
ADURAduro Clean Technologies Inc.	465.57M	13.99	-31.09	-31.5%	-39.38%	-80.73%	0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.19B	1.62B	1.63B	1.52B	1.42B	897.02M	1.21B	1.34B	1.22B	965.26M
Revenue Growth %	0.08%	0.36%	0%	-0.07%	-0.06%	-0.37%	0.35%	0.11%	-0.08%	-0.21%
Cost of Goods Sold+	1.18B	1.57B	1.63B	1.53B	1.43B	844.16M	1.14B	1.36B	1.21B	955.54M
COGS % of Revenue	0.99%	0.97%	1%	1.01%	1.01%	0.94%	0.94%	1.02%	0.99%	0.99%
Gross Profit+	7.41M	51.83M	5.93M	-15.16M	-9.94M	52.86M	67.78M	-27.55M	15.65M	9.72M
Gross Margin %	0.01%	0.03%	0%	-0.01%	-0.01%	0.06%	0.06%	-0.02%	0.01%	0.01%
Gross Profit Growth %	-0.93%	5.99%	-0.89%	-3.56%	0.34%	6.32%	0.28%	-1.41%	1.57%	-0.38%
Operating Expenses+	23.41M	28.32M	31.52M	36.37M	64.75M	43.01M	27.71M	33.81M	39.5M	61.4M
OpEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.05%	0.05%	0.02%	0.03%	0.03%	0.06%
Selling, General & Admin	23.41M	28.32M	31.52M	36.37M	35.45M	31.98M	29.18M	28.08M	32.66M	29.74M
SG&A % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.04%	0.02%	0.02%	0.03%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	128K	171K	29.29M	11.03M	-1.47M	5.73M	6.84M	31.66M
Operating Income+	-17.97M	23.51M	-25.59M	-51.54M	-74.68M	9.85M	40.07M	-61.36M	-23.85M	-51.67M
Operating Margin %	-0.02%	0.01%	-0.02%	-0.03%	-0.05%	0.01%	0.03%	-0.05%	-0.02%	-0.05%
Operating Income Growth %	-1.2%	2.31%	-2.09%	-1.01%	-0.45%	1.13%	3.07%	-2.53%	0.61%	-1.17%
EBITDA+	5.66M	58.95M	13.07M	-10.69M	-26.77M	40.12M	63.36M	-36.26M	-768K	-27.27M
EBITDA Margin %	0%	0.04%	0.01%	-0.01%	-0.02%	0.04%	0.05%	-0.03%	-0%	-0.03%
EBITDA Growth %	-0.95%	9.42%	-0.78%	-1.82%	-1.51%	2.5%	0.58%	-1.57%	0.98%	-34.5%
D&A (Non-Cash Add-back)	23.63M	35.44M	38.65M	40.85M	47.91M	30.27M	23.29M	25.09M	23.08M	24.41M
EBIT	-16.31M	22.41M	-25.46M	-51.37M	-81.1M	644K	51.14M	-37.84M	-20.48M	-51.17M
Net Interest Income+	-12.59M	-22.41M	-12.94M	-17.13M	-20.21M	-17.94M	-3.59M	-1.83M	-7.42M	-7.64M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	12.59M	22.41M	12.94M	17.13M	20.21M	17.94M	3.59M	1.83M	7.42M	7.64M
Other Income/Expense	-10.94M	-22.96M	-12.81M	-16.96M	-26.62M	-27.15M	7.48M	21.69M	-4.06M	-7.14M
Pretax Income+	-28.91M	545K	-38.4M	-68.5M	-101.3M	-17.3M	47.55M	-39.67M	-27.91M	-58.81M
Pretax Margin %	-0.02%	0%	-0.02%	-0.05%	-0.07%	-0.02%	0.04%	-0.03%	-0.02%	-0.06%
Income Tax+	-10.03M	-981K	-321K	-562K	-20K	-17K	1.47M	1.93M	97K	173K
Effective Tax Rate %	0.65%	2.6%	0.91%	0.88%	0.88%	0.87%	0.97%	1.05%	1%	1%
Net Income+	-18.79M	1.42M	-34.96M	-60.27M	-88.95M	-15.12M	46.08M	-41.6M	-28M	-58.98M
Net Margin %	-0.02%	0%	-0.02%	-0.04%	-0.06%	-0.02%	0.04%	-0.03%	-0.02%	-0.06%
Net Income Growth %	-1.88%	1.08%	-25.64%	-0.72%	-0.48%	0.83%	4.05%	-1.9%	0.33%	-1.11%
Net Income (Continuing)	-18.87M	1.53M	-38.07M	-67.94M	-101.28M	-17.28M	46.08M	-41.6M	-28M	-58.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	30.37M	27.26M	19.6M	7.26M	0	0	0	0	0
EPS (Diluted)+	-0.57	0.00	-0.82	-1.39	-2.14	-0.29	0.61	-0.58	-0.40	-0.82
EPS Growth %	-1.65%	1.01%	-	-0.7%	-0.54%	0.86%	3.1%	-1.95%	0.31%	-1.05%
EPS (Basic)	-0.57	0.00	-0.82	-1.39	-2.14	-0.29	0.62	-0.58	-0.40	-0.82
Diluted Shares Outstanding	33.17M	42.25M	42.74M	43.38M	47.38M	58.61M	72.22M	71.94M	73.34M	73.48M
Basic Shares Outstanding	33.17M	42.18M	42.62M	43.38M	47.38M	58.61M	71.1M	71.94M	73.34M	73.48M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	197.94M	235.2M	203.25M	168.8M	232.06M	214.05M	229.53M	199.12M	168.77M	153.12M
Cash & Short-Term Investments	52.71M	64.26M	49.49M	26.63M	19M	47.67M	50.61M	36.46M	30.01M	35.47M
Cash Only	52.71M	64.26M	49.49M	26.63M	19M	47.67M	50.61M	36.46M	30.01M	35.47M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	72M	92M	81.09M	68.25M	74.31M	43.49M	86.89M	68.66M	58.73M	58.22M
Days Sales Outstanding	22.06	20.67	18.13	16.44	19.03	17.7	26.26	18.76	17.53	22.01
Inventory	60.82M	60.07M	61.55M	57.82M	60.6M	37.92M	54.37M	66.63M	52.61M	49.91M
Days Inventory Outstanding	18.75	13.94	13.81	13.79	15.42	16.4	17.41	17.84	15.91	19.07
Other Current Assets	6.44M	3.61M	7.84M	13.63M	76.63M	84.07M	37.65M	27.38M	27.42M	9.52M
Total Non-Current Assets+	477.2M	473.04M	517.05M	491.18M	380.43M	262.77M	255.43M	279.2M	285.47M	248.32M
Property, Plant & Equipment	464.96M	465.19M	508.35M	482.66M	356.87M	240.53M	235.96M	258.01M	271.35M	235.29M
Fixed Asset Turnover	2.56x	3.49x	3.21x	3.14x	3.99x	3.73x	5.12x	5.18x	4.51x	4.10x
Goodwill	0	0	0	0	0	0	0	5.97M	0	0
Intangible Assets	2.68M	2.68M	2.68M	2.68M	2.68M	2.68M	2.68M	9.09M	8.5M	4.51M
Long-Term Investments	301.42M	363.4M	359.68M	286.67M	0	0	0	0	0	0
Other Non-Current Assets	9.56M	5.17M	6.02M	5.84M	20.88M	19.56M	16.79M	6.14M	5.63M	8.52M
Total Assets+	675.14M	708.24M	720.3M	659.98M	612.5M	476.82M	484.95M	478.32M	454.24M	401.44M
Asset Turnover	1.76x	2.29x	2.27x	2.30x	2.33x	1.88x	2.49x	2.79x	2.69x	2.40x
Asset Growth %	1.25%	0.05%	0.02%	-0.08%	-0.07%	-0.22%	0.02%	-0.01%	-0.05%	-0.12%
Total Current Liabilities+	72.91M	78.84M	90.71M	231.86M	160.4M	86.93M	69.6M	78.02M	65.29M	57.8M
Accounts Payable	30.52M	37.05M	39.74M	48.18M	29.28M	13.05M	23.25M	28.11M	20.75M	20.37M
Days Payables Outstanding	9.41	8.6	8.92	11.49	7.45	5.64	7.44	7.53	6.27	7.78
Short-Term Debt	17M	10.5M	20M	146.67M	63M	25.53M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	11.07M	10.22M	8.7M	13.55M	42.33M	35.07M	21.14M	19.5M	20M	8.37M
Current Ratio	2.71x	2.98x	2.24x	0.73x	1.45x	2.46x	3.30x	2.55x	2.59x	2.65x
Quick Ratio	1.88x	2.22x	1.56x	0.48x	1.07x	2.03x	2.52x	1.70x	1.78x	1.79x
Cash Conversion Cycle	31.4	26.01	23.03	18.74	27	28.45	36.22	29.07	27.16	33.3
Total Non-Current Liabilities+	230.69M	211.14M	245.89M	108.76M	225.05M	93.66M	70.14M	92.22M	109.4M	118.57M
Long-Term Debt	203.86M	188.03M	221.09M	84.84M	180.79M	71.81M	50.36M	68.36M	82.1M	92.9M
Capital Lease Obligations	4.18M	547K	123K	78K	21.17M	8.71M	9.38M	15.06M	19.03M	16.91M
Deferred Tax Liabilities	1.17M	52K	224K	251K	0	0	0	0	0	0
Other Non-Current Liabilities	21.01M	22.51M	24.68M	23.83M	23.09M	13.13M	10.39M	8.8M	8.27M	8.75M
Total Liabilities	303.6M	289.98M	336.6M	340.62M	385.45M	180.58M	139.74M	170.23M	174.68M	176.38M
Total Debt+	229.76M	199.87M	241.81M	231.56M	268.42M	108.23M	63.65M	87.27M	105.46M	114.67M
Net Debt	177.05M	131.28M	192.32M	204.93M	249.43M	60.57M	13.04M	50.81M	75.44M	79.2M
Debt / Equity	0.62x	0.48x	0.63x	0.73x	1.18x	0.37x	0.18x	0.28x	0.38x	0.51x
Debt / EBITDA	40.59x	3.39x	18.51x	-	-	2.70x	1.00x	-	-	-
Net Debt / EBITDA	31.28x	2.23x	14.72x	-	-	1.51x	0.21x	-	-	-
Interest Coverage	-1.43x	1.05x	-1.98x	-3.01x	-3.70x	0.55x	11.17x	-33.58x	-3.21x	-6.76x
Total Equity+	371.54M	418.26M	383.7M	319.37M	227.04M	296.24M	345.21M	308.09M	279.56M	225.06M
Equity Growth %	0.7%	0.13%	-0.08%	-0.17%	-0.29%	0.3%	0.17%	-0.11%	-0.09%	-0.19%
Book Value per Share	11.20	9.90	8.98	7.36	4.79	5.05	4.78	4.28	3.81	3.06
Total Shareholders' Equity	371.54M	387.89M	356.44M	299.77M	219.78M	296.24M	345.21M	308.09M	279.56M	225.06M
Common Stock	43K	44K	44K	46K	56K	72K	73K	75K	76K	77K
Retained Earnings	-532.38M	-532.23M	-568.46M	-630M	-720.21M	-736.6M	-691.78M	-734.64M	-763.91M	-824.17M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	1.04M	-2.62M	-2.23M	-2.46M	-2.37M	-3.88M	-284K	1.82M	2.48M	4.97M
Minority Interest	0	30.37M	27.26M	19.6M	7.26M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-26.84M	40.4M	36.51M	1.57M	-31.23M	71.68M	26.82M	6.05M	22.02M	-3.52M
Operating CF Margin %	-0.02%	0.02%	0.02%	0%	-0.02%	0.08%	0.02%	0%	0.02%	-0%
Operating CF Growth %	-1.3%	2.5%	-0.1%	-0.96%	-20.94%	3.3%	-0.63%	-0.77%	2.64%	-1.16%
Net Income	-18.87M	1.53M	-38.07M	-67.94M	-101.28M	-17.28M	46.08M	-41.6M	-28M	-58.98M
Depreciation & Amortization	23.63M	35.44M	38.65M	40.85M	47.91M	30.27M	23.29M	25.09M	23.08M	24.41M
Stock-Based Compensation	2.02M	2.62M	3.83M	3.44M	2.81M	2.68M	2.88M	3.33M	3.9M	4.36M
Deferred Taxes	-2.02M	-1.12M	169K	27K	2K	0	0	0	0	0
Other Non-Cash Items	2.01M	14.76M	5.43M	8.03M	37.66M	19.24M	-32.24M	-12.34M	19.34M	16.73M
Working Capital Changes	-33.61M	-12.82M	26.51M	17.16M	-18.33M	36.78M	-13.19M	31.55M	3.71M	9.96M
Change in Receivables	-15.95M	-25.23M	17.56M	12.66M	-6.7M	30.57M	-43.55M	23.97M	9.5M	562K
Change in Inventory	-13.3M	750K	5.07M	4.08M	-2.78M	19.09M	-16.45M	-15.48M	11.82M	4.48M
Change in Payables	-10.04M	9.28M	3.86M	63.47M	0	0	0	28.11B	-12.55M	9.95M
Cash from Investing+	-6.33M	-14.6M	-50.44M	-15.15M	-3.28M	23.32M	27.12M	-37.66M	-33.03M	-13.47M
Capital Expenditures	-20.51M	-19.17M	-20.87M	-15.15M	-3.28M	-6.58M	-16.38M	-37.74M	-29.53M	-11.07M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.03%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.57M	4.57M	-28.13M	-10M	0	10M	0	14.77M	0	-2.4M
Cash from Financing+	23.8M	-9.92M	-839K	-9.27M	19.01M	-66.42M	-40M	19.01M	6.96M	7.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.26M	-1.27M	-1.26M	-1.26M	-946K	0	-2.85M	-1.26M	-1.26M	-1.27M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	368K	33.26M	6.82M	3.69M	6.76M	5.5M	0	-5.17M	-714K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-47.35M	21.23M	15.64M	-13.59M	-34.51M	65.1M	10.44M	-31.7M	-7.51M	-14.59M
FCF Margin %	-0.04%	0.01%	0.01%	-0.01%	-0.02%	0.07%	0.01%	-0.02%	-0.01%	-0.02%
FCF Growth %	-1.63%	1.45%	-0.26%	-1.87%	-1.54%	2.89%	-0.84%	-4.04%	0.76%	-0.94%
FCF per Share	-1.43	0.50	0.37	-0.31	-0.73	1.11	0.14	-0.44	-0.10	-0.20
FCF Conversion (FCF/Net Income)	1.43x	28.47x	-1.04x	-0.03x	0.35x	-4.74x	0.58x	-0.15x	-0.79x	0.06x
Interest Paid	11.69M	0	11.13M	15.15M	18.76M	17.47M	4.12M	2.93M	10.38M	0
Taxes Paid	5.71M	0	5.61M	743K	0	0	448K	2.26M	324K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-6.37%	0.36%	-8.72%	-17.15%	-32.56%	-5.78%	14.37%	-12.73%	-9.53%	-23.38%
Return on Invested Capital (ROIC)	-3.62%	3.2%	-3.4%	-7.03%	-11.19%	1.77%	8.41%	-12.83%	-5.01%	-11.76%
Gross Margin	0.62%	3.19%	0.36%	-1%	-0.7%	5.89%	5.61%	-2.06%	1.28%	1.01%
Net Margin	-1.58%	0.09%	-2.14%	-3.98%	-6.24%	-1.69%	3.82%	-3.11%	-2.29%	-6.11%
Debt / Equity	0.62x	0.48x	0.63x	0.73x	1.18x	0.37x	0.18x	0.28x	0.38x	0.51x
Interest Coverage	-1.43x	1.05x	-1.98x	-3.01x	-3.70x	0.55x	11.17x	-33.58x	-3.21x	-6.76x
FCF Conversion	1.43x	28.47x	-1.04x	-0.03x	0.35x	-4.74x	0.58x	-0.15x	-0.79x	0.06x
Revenue Growth	7.56%	36.4%	0.46%	-7.16%	-5.97%	-37.05%	34.66%	10.57%	-8.44%	-21.07%

Revenue by Segment

	2022	2023	2024
Intersegment Eliminations Member	-13.69M	13.21M	-11.95M
Intersegment Eliminations Member Growth	-	196.51%	-190.46%
Corporate and Other	15.81M	-15.83M	-
Corporate and Other Growth	-	-200.14%	-

Frequently Asked Questions

Growth & Financials

Alto Ingredients, Inc. (ALTO) reported $922.3M in revenue for fiscal year 2024. This represents a 2% increase from $901.2M in 2011.

Alto Ingredients, Inc. (ALTO) saw revenue decline by 21.1% over the past year.

Alto Ingredients, Inc. (ALTO) reported a net loss of $50.2M for fiscal year 2024.

Dividend & Returns

Yes, Alto Ingredients, Inc. (ALTO) pays a dividend with a yield of 0.66%. This makes it attractive for income-focused investors.

Alto Ingredients, Inc. (ALTO) has a return on equity (ROE) of -23.4%. Negative ROE indicates the company is unprofitable.

Alto Ingredients, Inc. (ALTO) had negative free cash flow of $10.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Alto Ingredients, Inc. (ALTO) 10-Year Financial Performance & Capital Metrics

ALTO • • Industrial / General

Basic MaterialsSpecialty ChemicalsRenewable & Bio-based ChemicalsBiofuels & Renewable Energy Chemicals

Revenue $965M -21.1%
EBITDA -$27M -3450.4%
Net Income -$59M -110.6%
EPS (Diluted) -0.82 -105.0%
Gross Margin 1.01% -21.3%
EBITDA Margin -2.82% -4398.1%
Operating Margin -5.35% -174.5%
Net Margin -6.11% -166.8%
ROE -23.38% -145.3%
ROIC -11.76% -134.6%
Debt/Equity 0.51 +35.1%
Interest Coverage -6.76 -110.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 94 (top 6%)
✓Trading at only 0.9x book value
✓Efficient asset utilization: 2.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 7.5% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.36%

5Y-7.49%

3Y-7.2%

TTM-8%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-38.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM-38.08%

ROCE

10Y Avg-5.4%

5Y Avg-4.58%

3Y Avg-11.73%

Latest-14.11%

Peer Comparison

Biofuels & Renewable Energy Chemicals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
REXREX American Resources Corporation	1.11B	33.74	20.45	-22.91%	7.73%	7.67%	0.03
ALTOAlto Ingredients, Inc.	203.41M	2.63	-3.21	-21.07%	-5.44%	-22.56%	0.51
LOOPLoop Industries, Inc.	54.62M	1.13	-3.57	70.17%	-24.34%	-207.55%	8.41
GEVOGevo, Inc.	489.46M	2.02	-5.94	-1.66%	-37.33%	-9.51%	0.14
GPREGreen Plains Inc.	810.78M	11.61	-9	-25.39%	-8.37%	-24.28%	0.74
ADURAduro Clean Technologies Inc.	465.57M	13.99	-31.09	-31.5%	-39.38%	-80.73%	0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.19B	1.62B	1.63B	1.52B	1.42B	897.02M	1.21B	1.34B	1.22B	965.26M
Revenue Growth %	0.08%	0.36%	0%	-0.07%	-0.06%	-0.37%	0.35%	0.11%	-0.08%	-0.21%
Cost of Goods Sold+	1.18B	1.57B	1.63B	1.53B	1.43B	844.16M	1.14B	1.36B	1.21B	955.54M
COGS % of Revenue	0.99%	0.97%	1%	1.01%	1.01%	0.94%	0.94%	1.02%	0.99%	0.99%
Gross Profit+	7.41M	51.83M	5.93M	-15.16M	-9.94M	52.86M	67.78M	-27.55M	15.65M	9.72M
Gross Margin %	0.01%	0.03%	0%	-0.01%	-0.01%	0.06%	0.06%	-0.02%	0.01%	0.01%
Gross Profit Growth %	-0.93%	5.99%	-0.89%	-3.56%	0.34%	6.32%	0.28%	-1.41%	1.57%	-0.38%
Operating Expenses+	23.41M	28.32M	31.52M	36.37M	64.75M	43.01M	27.71M	33.81M	39.5M	61.4M
OpEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.05%	0.05%	0.02%	0.03%	0.03%	0.06%
Selling, General & Admin	23.41M	28.32M	31.52M	36.37M	35.45M	31.98M	29.18M	28.08M	32.66M	29.74M
SG&A % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.04%	0.02%	0.02%	0.03%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	128K	171K	29.29M	11.03M	-1.47M	5.73M	6.84M	31.66M
Operating Income+	-17.97M	23.51M	-25.59M	-51.54M	-74.68M	9.85M	40.07M	-61.36M	-23.85M	-51.67M
Operating Margin %	-0.02%	0.01%	-0.02%	-0.03%	-0.05%	0.01%	0.03%	-0.05%	-0.02%	-0.05%
Operating Income Growth %	-1.2%	2.31%	-2.09%	-1.01%	-0.45%	1.13%	3.07%	-2.53%	0.61%	-1.17%
EBITDA+	5.66M	58.95M	13.07M	-10.69M	-26.77M	40.12M	63.36M	-36.26M	-768K	-27.27M
EBITDA Margin %	0%	0.04%	0.01%	-0.01%	-0.02%	0.04%	0.05%	-0.03%	-0%	-0.03%
EBITDA Growth %	-0.95%	9.42%	-0.78%	-1.82%	-1.51%	2.5%	0.58%	-1.57%	0.98%	-34.5%
D&A (Non-Cash Add-back)	23.63M	35.44M	38.65M	40.85M	47.91M	30.27M	23.29M	25.09M	23.08M	24.41M
EBIT	-16.31M	22.41M	-25.46M	-51.37M	-81.1M	644K	51.14M	-37.84M	-20.48M	-51.17M
Net Interest Income+	-12.59M	-22.41M	-12.94M	-17.13M	-20.21M	-17.94M	-3.59M	-1.83M	-7.42M	-7.64M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	12.59M	22.41M	12.94M	17.13M	20.21M	17.94M	3.59M	1.83M	7.42M	7.64M
Other Income/Expense	-10.94M	-22.96M	-12.81M	-16.96M	-26.62M	-27.15M	7.48M	21.69M	-4.06M	-7.14M
Pretax Income+	-28.91M	545K	-38.4M	-68.5M	-101.3M	-17.3M	47.55M	-39.67M	-27.91M	-58.81M
Pretax Margin %	-0.02%	0%	-0.02%	-0.05%	-0.07%	-0.02%	0.04%	-0.03%	-0.02%	-0.06%
Income Tax+	-10.03M	-981K	-321K	-562K	-20K	-17K	1.47M	1.93M	97K	173K
Effective Tax Rate %	0.65%	2.6%	0.91%	0.88%	0.88%	0.87%	0.97%	1.05%	1%	1%
Net Income+	-18.79M	1.42M	-34.96M	-60.27M	-88.95M	-15.12M	46.08M	-41.6M	-28M	-58.98M
Net Margin %	-0.02%	0%	-0.02%	-0.04%	-0.06%	-0.02%	0.04%	-0.03%	-0.02%	-0.06%
Net Income Growth %	-1.88%	1.08%	-25.64%	-0.72%	-0.48%	0.83%	4.05%	-1.9%	0.33%	-1.11%
Net Income (Continuing)	-18.87M	1.53M	-38.07M	-67.94M	-101.28M	-17.28M	46.08M	-41.6M	-28M	-58.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	30.37M	27.26M	19.6M	7.26M	0	0	0	0	0
EPS (Diluted)+	-0.57	0.00	-0.82	-1.39	-2.14	-0.29	0.61	-0.58	-0.40	-0.82
EPS Growth %	-1.65%	1.01%	-	-0.7%	-0.54%	0.86%	3.1%	-1.95%	0.31%	-1.05%
EPS (Basic)	-0.57	0.00	-0.82	-1.39	-2.14	-0.29	0.62	-0.58	-0.40	-0.82
Diluted Shares Outstanding	33.17M	42.25M	42.74M	43.38M	47.38M	58.61M	72.22M	71.94M	73.34M	73.48M
Basic Shares Outstanding	33.17M	42.18M	42.62M	43.38M	47.38M	58.61M	71.1M	71.94M	73.34M	73.48M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	197.94M	235.2M	203.25M	168.8M	232.06M	214.05M	229.53M	199.12M	168.77M	153.12M
Cash & Short-Term Investments	52.71M	64.26M	49.49M	26.63M	19M	47.67M	50.61M	36.46M	30.01M	35.47M
Cash Only	52.71M	64.26M	49.49M	26.63M	19M	47.67M	50.61M	36.46M	30.01M	35.47M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	72M	92M	81.09M	68.25M	74.31M	43.49M	86.89M	68.66M	58.73M	58.22M
Days Sales Outstanding	22.06	20.67	18.13	16.44	19.03	17.7	26.26	18.76	17.53	22.01
Inventory	60.82M	60.07M	61.55M	57.82M	60.6M	37.92M	54.37M	66.63M	52.61M	49.91M
Days Inventory Outstanding	18.75	13.94	13.81	13.79	15.42	16.4	17.41	17.84	15.91	19.07
Other Current Assets	6.44M	3.61M	7.84M	13.63M	76.63M	84.07M	37.65M	27.38M	27.42M	9.52M
Total Non-Current Assets+	477.2M	473.04M	517.05M	491.18M	380.43M	262.77M	255.43M	279.2M	285.47M	248.32M
Property, Plant & Equipment	464.96M	465.19M	508.35M	482.66M	356.87M	240.53M	235.96M	258.01M	271.35M	235.29M
Fixed Asset Turnover	2.56x	3.49x	3.21x	3.14x	3.99x	3.73x	5.12x	5.18x	4.51x	4.10x
Goodwill	0	0	0	0	0	0	0	5.97M	0	0
Intangible Assets	2.68M	2.68M	2.68M	2.68M	2.68M	2.68M	2.68M	9.09M	8.5M	4.51M
Long-Term Investments	301.42M	363.4M	359.68M	286.67M	0	0	0	0	0	0
Other Non-Current Assets	9.56M	5.17M	6.02M	5.84M	20.88M	19.56M	16.79M	6.14M	5.63M	8.52M
Total Assets+	675.14M	708.24M	720.3M	659.98M	612.5M	476.82M	484.95M	478.32M	454.24M	401.44M
Asset Turnover	1.76x	2.29x	2.27x	2.30x	2.33x	1.88x	2.49x	2.79x	2.69x	2.40x
Asset Growth %	1.25%	0.05%	0.02%	-0.08%	-0.07%	-0.22%	0.02%	-0.01%	-0.05%	-0.12%
Total Current Liabilities+	72.91M	78.84M	90.71M	231.86M	160.4M	86.93M	69.6M	78.02M	65.29M	57.8M
Accounts Payable	30.52M	37.05M	39.74M	48.18M	29.28M	13.05M	23.25M	28.11M	20.75M	20.37M
Days Payables Outstanding	9.41	8.6	8.92	11.49	7.45	5.64	7.44	7.53	6.27	7.78
Short-Term Debt	17M	10.5M	20M	146.67M	63M	25.53M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	11.07M	10.22M	8.7M	13.55M	42.33M	35.07M	21.14M	19.5M	20M	8.37M
Current Ratio	2.71x	2.98x	2.24x	0.73x	1.45x	2.46x	3.30x	2.55x	2.59x	2.65x
Quick Ratio	1.88x	2.22x	1.56x	0.48x	1.07x	2.03x	2.52x	1.70x	1.78x	1.79x
Cash Conversion Cycle	31.4	26.01	23.03	18.74	27	28.45	36.22	29.07	27.16	33.3
Total Non-Current Liabilities+	230.69M	211.14M	245.89M	108.76M	225.05M	93.66M	70.14M	92.22M	109.4M	118.57M
Long-Term Debt	203.86M	188.03M	221.09M	84.84M	180.79M	71.81M	50.36M	68.36M	82.1M	92.9M
Capital Lease Obligations	4.18M	547K	123K	78K	21.17M	8.71M	9.38M	15.06M	19.03M	16.91M
Deferred Tax Liabilities	1.17M	52K	224K	251K	0	0	0	0	0	0
Other Non-Current Liabilities	21.01M	22.51M	24.68M	23.83M	23.09M	13.13M	10.39M	8.8M	8.27M	8.75M
Total Liabilities	303.6M	289.98M	336.6M	340.62M	385.45M	180.58M	139.74M	170.23M	174.68M	176.38M
Total Debt+	229.76M	199.87M	241.81M	231.56M	268.42M	108.23M	63.65M	87.27M	105.46M	114.67M
Net Debt	177.05M	131.28M	192.32M	204.93M	249.43M	60.57M	13.04M	50.81M	75.44M	79.2M
Debt / Equity	0.62x	0.48x	0.63x	0.73x	1.18x	0.37x	0.18x	0.28x	0.38x	0.51x
Debt / EBITDA	40.59x	3.39x	18.51x	-	-	2.70x	1.00x	-	-	-
Net Debt / EBITDA	31.28x	2.23x	14.72x	-	-	1.51x	0.21x	-	-	-
Interest Coverage	-1.43x	1.05x	-1.98x	-3.01x	-3.70x	0.55x	11.17x	-33.58x	-3.21x	-6.76x
Total Equity+	371.54M	418.26M	383.7M	319.37M	227.04M	296.24M	345.21M	308.09M	279.56M	225.06M
Equity Growth %	0.7%	0.13%	-0.08%	-0.17%	-0.29%	0.3%	0.17%	-0.11%	-0.09%	-0.19%
Book Value per Share	11.20	9.90	8.98	7.36	4.79	5.05	4.78	4.28	3.81	3.06
Total Shareholders' Equity	371.54M	387.89M	356.44M	299.77M	219.78M	296.24M	345.21M	308.09M	279.56M	225.06M
Common Stock	43K	44K	44K	46K	56K	72K	73K	75K	76K	77K
Retained Earnings	-532.38M	-532.23M	-568.46M	-630M	-720.21M	-736.6M	-691.78M	-734.64M	-763.91M	-824.17M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	1.04M	-2.62M	-2.23M	-2.46M	-2.37M	-3.88M	-284K	1.82M	2.48M	4.97M
Minority Interest	0	30.37M	27.26M	19.6M	7.26M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-26.84M	40.4M	36.51M	1.57M	-31.23M	71.68M	26.82M	6.05M	22.02M	-3.52M
Operating CF Margin %	-0.02%	0.02%	0.02%	0%	-0.02%	0.08%	0.02%	0%	0.02%	-0%
Operating CF Growth %	-1.3%	2.5%	-0.1%	-0.96%	-20.94%	3.3%	-0.63%	-0.77%	2.64%	-1.16%
Net Income	-18.87M	1.53M	-38.07M	-67.94M	-101.28M	-17.28M	46.08M	-41.6M	-28M	-58.98M
Depreciation & Amortization	23.63M	35.44M	38.65M	40.85M	47.91M	30.27M	23.29M	25.09M	23.08M	24.41M
Stock-Based Compensation	2.02M	2.62M	3.83M	3.44M	2.81M	2.68M	2.88M	3.33M	3.9M	4.36M
Deferred Taxes	-2.02M	-1.12M	169K	27K	2K	0	0	0	0	0
Other Non-Cash Items	2.01M	14.76M	5.43M	8.03M	37.66M	19.24M	-32.24M	-12.34M	19.34M	16.73M
Working Capital Changes	-33.61M	-12.82M	26.51M	17.16M	-18.33M	36.78M	-13.19M	31.55M	3.71M	9.96M
Change in Receivables	-15.95M	-25.23M	17.56M	12.66M	-6.7M	30.57M	-43.55M	23.97M	9.5M	562K
Change in Inventory	-13.3M	750K	5.07M	4.08M	-2.78M	19.09M	-16.45M	-15.48M	11.82M	4.48M
Change in Payables	-10.04M	9.28M	3.86M	63.47M	0	0	0	28.11B	-12.55M	9.95M
Cash from Investing+	-6.33M	-14.6M	-50.44M	-15.15M	-3.28M	23.32M	27.12M	-37.66M	-33.03M	-13.47M
Capital Expenditures	-20.51M	-19.17M	-20.87M	-15.15M	-3.28M	-6.58M	-16.38M	-37.74M	-29.53M	-11.07M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.03%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.57M	4.57M	-28.13M	-10M	0	10M	0	14.77M	0	-2.4M
Cash from Financing+	23.8M	-9.92M	-839K	-9.27M	19.01M	-66.42M	-40M	19.01M	6.96M	7.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.26M	-1.27M	-1.26M	-1.26M	-946K	0	-2.85M	-1.26M	-1.26M	-1.27M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	368K	33.26M	6.82M	3.69M	6.76M	5.5M	0	-5.17M	-714K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-47.35M	21.23M	15.64M	-13.59M	-34.51M	65.1M	10.44M	-31.7M	-7.51M	-14.59M
FCF Margin %	-0.04%	0.01%	0.01%	-0.01%	-0.02%	0.07%	0.01%	-0.02%	-0.01%	-0.02%
FCF Growth %	-1.63%	1.45%	-0.26%	-1.87%	-1.54%	2.89%	-0.84%	-4.04%	0.76%	-0.94%
FCF per Share	-1.43	0.50	0.37	-0.31	-0.73	1.11	0.14	-0.44	-0.10	-0.20
FCF Conversion (FCF/Net Income)	1.43x	28.47x	-1.04x	-0.03x	0.35x	-4.74x	0.58x	-0.15x	-0.79x	0.06x
Interest Paid	11.69M	0	11.13M	15.15M	18.76M	17.47M	4.12M	2.93M	10.38M	0
Taxes Paid	5.71M	0	5.61M	743K	0	0	448K	2.26M	324K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-6.37%	0.36%	-8.72%	-17.15%	-32.56%	-5.78%	14.37%	-12.73%	-9.53%	-23.38%
Return on Invested Capital (ROIC)	-3.62%	3.2%	-3.4%	-7.03%	-11.19%	1.77%	8.41%	-12.83%	-5.01%	-11.76%
Gross Margin	0.62%	3.19%	0.36%	-1%	-0.7%	5.89%	5.61%	-2.06%	1.28%	1.01%
Net Margin	-1.58%	0.09%	-2.14%	-3.98%	-6.24%	-1.69%	3.82%	-3.11%	-2.29%	-6.11%
Debt / Equity	0.62x	0.48x	0.63x	0.73x	1.18x	0.37x	0.18x	0.28x	0.38x	0.51x
Interest Coverage	-1.43x	1.05x	-1.98x	-3.01x	-3.70x	0.55x	11.17x	-33.58x	-3.21x	-6.76x
FCF Conversion	1.43x	28.47x	-1.04x	-0.03x	0.35x	-4.74x	0.58x	-0.15x	-0.79x	0.06x
Revenue Growth	7.56%	36.4%	0.46%	-7.16%	-5.97%	-37.05%	34.66%	10.57%	-8.44%	-21.07%

Revenue by Segment

	2022	2023	2024
Intersegment Eliminations Member	-13.69M	13.21M	-11.95M
Intersegment Eliminations Member Growth	-	196.51%	-190.46%
Corporate and Other	15.81M	-15.83M	-
Corporate and Other Growth	-	-200.14%	-

Frequently Asked Questions

Growth & Financials

Alto Ingredients, Inc. (ALTO) reported $922.3M in revenue for fiscal year 2024. This represents a 2% increase from $901.2M in 2011.

Alto Ingredients, Inc. (ALTO) saw revenue decline by 21.1% over the past year.

Alto Ingredients, Inc. (ALTO) reported a net loss of $50.2M for fiscal year 2024.

Dividend & Returns

Yes, Alto Ingredients, Inc. (ALTO) pays a dividend with a yield of 0.66%. This makes it attractive for income-focused investors.

Alto Ingredients, Inc. (ALTO) has a return on equity (ROE) of -23.4%. Negative ROE indicates the company is unprofitable.

Alto Ingredients, Inc. (ALTO) had negative free cash flow of $10.0M in fiscal year 2024, likely due to heavy capital investments.