Revenue growth remains under pressure with a 3.0% YoY contraction in 2026Q1, while structural margin compression is highlighted by a net margin of -4.8% during the same period.
| Sales/Revenue | 1.82B | 1.84B | 1.88B | 1.88B | 1.57B | 1.21B | 873.6M | 557.4M | 413M | 345.47M | 0 |
| Revenue Growth % | -1.86% | -2.17% | -0.01% | 19.4% | 29.6% | 38.83% | 56.73% | 34.96% | 19.55% | - | - |
| Cost of Goods Sold | 1.35B | 1.36B | 1.38B | 1.37B | 1.15B | 898.4M | 659.1M | 1.94M | 302.9M | 257.43M | 0 |
| COGS % of Revenue | - | 74.15% | 73.69% | 72.98% | 73.3% | 74.08% | 75.45% | 0.35% | 73.34% | 74.52% | - |
| Gross Profit | 468.9M | 474.6M | 493.7M | 507.2M | 419.6M | 314.4M | 214.5M | 555.47M | 110.1M | 88.04M | 0 |
| Gross Margin % | 25.72% | 25.85% | 26.31% | 27.02% | 26.7% | 25.92% | 24.55% | 99.65% | 26.66% | 25.48% | - |
| Gross Profit Growth % | - | -3.87% | -2.66% | 20.88% | 33.46% | 46.57% | -61.38% | 404.51% | 25.06% | - | - |
| Operating Expenses | 452.2M | 451.4M | 475.1M | 452.8M | 378.8M | 296.4M | 222.6M | 140.4M | 342 | 75.92M | 0 |
| OpEx % of Revenue | - | 24.59% | 25.32% | 24.13% | 24.1% | 24.44% | 25.48% | 25.19% | 0% | 21.98% | - |
| Selling, General & Admin | 316.4M | 422.7M | 446.5M | 430.3M | 362.3M | 285.9M | 216M | 137.6M | 342 | 74.91M | 0 |
| SG&A % of Revenue | - | 23.02% | 23.79% | 22.93% | 23.05% | 23.57% | 24.73% | 24.69% | 0% | 21.68% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4M | 28.7M | 28.6M | 22.5M | 16.5M | 10.5M | 6.6M | 2.8M | 0 | 1.53M | 0 |
| Operating Income | 16.7M | 23.2M | 18.6M | 54.4M | 40.8M | 18M | -8.1M | -1.94M | 15.8M | 11.6M | 0 |
| Operating Margin % | 0.92% | 1.26% | 0.99% | 2.9% | 2.6% | 1.48% | -0.93% | -0.35% | 3.83% | 3.36% | - |
| Operating Income Growth % | - | 24.73% | -65.81% | 33.33% | 126.67% | 322.22% | -318.6% | -112.25% | 36.16% | - | - |
| EBITDA | 113.9M | 51.9M | 163.1M | 187M | 152.8M | 113.8M | 66.9M | 48.16M | 52.9M | 43.12M | 22.82K |
| EBITDA Margin % | 6.25% | 2.83% | 8.69% | 9.96% | 9.72% | 9.38% | 7.66% | 8.64% | 12.81% | 12.48% | - |
| EBITDA Growth % | -30.21% | -68.18% | -12.78% | 22.38% | 34.27% | 70.1% | 38.9% | -8.95% | 22.68% | 188885.8% | - |
| D&A (Non-Cash Add-back) | 97.2M | 28.7M | 144.5M | 132.6M | 112M | 95.8M | 75M | 50.1M | 37.1M | 31.52M | 22.82K |
| EBIT | 16.5M | -47.9M | 15M | 59.5M | 42.4M | 6.8M | -6.8M | -14.9M | 15.8M | 11.6M | 0 |
| Net Interest Income | -58.8M | -10.9M | -81.3M | -57M | -31.8M | -24M | -23.8M | -18.25M | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.25M | 0 | 0 | 0 |
| Interest Expense | 58.8M | 10.9M | 81.3M | 57M | 31.8M | 24M | 23.8M | 20.5M | 0 | 0 | 0 |
| Other Income/Expense | -78.6M | -82M | -84.9M | -51.9M | -30.2M | -35.2M | -22.5M | 2.25M | 0 | -5.7M | 0 |
| Pretax Income | -61.9M | -58.8M | -66.3M | 2.5M | 10.6M | -17.2M | -30.6M | -35.4M | -342 | 5.91M | 0 |
| Pretax Margin % | -3.39% | -3.2% | -3.53% | 0.13% | 0.67% | -1.42% | -3.5% | -6.35% | -0% | 1.71% | - |
| Income Tax | 17M | 21.5M | -4.2M | -6.4M | 1.3M | 3.6M | -6.6M | 309K | 800 | 800 | 800 |
| Effective Tax Rate % | -27.46% | -36.56% | 6.33% | -256% | 12.26% | -20.93% | 21.57% | -0.87% | -233.92% | 0.01% | - |
| Net Income | -78.9M | -80.3M | -62.1M | 8.9M | 9.3M | -20.8M | -24M | 8.85K | -1.14K | -800 | -800 |
| Net Margin % | -4.33% | -4.37% | -3.31% | 0.47% | 0.59% | -1.71% | -2.75% | 0% | -0% | -0% | - |
| Net Income Growth % | -10.97% | -29.31% | -797.75% | -4.3% | 144.71% | 13.33% | -271194.54% | 875.22% | -42.75% | 0% | - |
| Net Income (Continuing) | -78.9M | -80.3M | -62.1M | 8.9M | 9.3M | -20.8M | -24M | 0 | -1.14K | 5.91M | -800 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.42 | -2.55 | -1.96 | 0.18 | 0.20 | -0.74 | -0.90 | 0.00 | -0.00 | 0.00 | 0.00 |
| EPS Growth % | -13.45% | -30.1% | -1188.89% | -10% | 127.03% | 17.78% | - | - | - | - | - |
| EPS (Basic) | - | -2.55 | -1.96 | 0.18 | 0.20 | -0.74 | -0.90 | 0.00 | -0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 32.62M | 32.71M | 33.18M | 32.88M | 32.3M | 31.71M | 26.61M | 7.3M | 18.39M | 18.39M | 16.05M |
| Basic Shares Outstanding | 32.62M | 32.71M | 33.18M | 32.45M | 32.1M | 31.71M | 26.61M | 7.3M | 18.39M | 18.39M | 16.05M |
| Dividend Payout Ratio | - | - | - | 85.39% | 39.78% | - | - | - | - | - | - |
Persistent negative net margins
According to the most recent quarterly financial data, ALTG experienced a revenue contraction of 3.0% YoY in 2026Q1, marking a continuation of the inconsistent top-line performance observed over the last ten quarters as the company struggles to maintain organic growth amidst a challenging industrial demand environment.
The recurring revenue contraction suggests that the company's reliance on cyclical equipment sales is currently a headwind, as the lack of consistent growth limits the ability to leverage fixed costs. Investors should monitor whether this trend reflects broader regional economic weakness in the Great Lakes and Florida corridors or a specific loss of market share within their OEM-exclusive territories.
As reported in the income statement, ALTG's gross margin fluctuated between 23.4% and 27.9% over the past ten quarters, reflecting the inherent volatility of a business model heavily weighted toward lower-margin new equipment sales rather than higher-margin parts and service revenue streams.
The inability to consistently expand gross margins suggests that the company lacks sufficient pricing power to offset rising input costs or inventory carrying expenses. This structural limitation, combined with a high fixed-cost base, leaves the company with minimal buffer to absorb operational shocks or fluctuations in equipment utilization rates.
Based on the provided financial figures, ALTG's operating margin has frequently dipped into negative territory, including a -1.4% margin in 2026Q1, indicating that the company has failed to achieve the necessary scale to cover its substantial SG&A and overhead expenses effectively.
The lack of positive operating leverage implies that the company's aggressive acquisition-led growth strategy has not yet yielded the expected synergies or cost efficiencies. Without a significant improvement in operating income, the company remains highly vulnerable to interest rate volatility and the ongoing costs associated with integrating previous acquisitions.
Financial statements reveal that ALTG has reported negative net income in every quarter of the last two and a half years, with a net margin of -4.8% in 2026Q1, suggesting that the current capital structure and operational overhead are fundamentally misaligned with the company's revenue generation.
The consistent net losses, despite occasional positive operating income, point to significant non-operating burdens, likely driven by high interest expenses on floorplan financing and debt service. This pattern warrants further investigation into whether the company's reliance on debt-funded expansion is sustainable without a clear path to bottom-line profitability.
Quick answers to the most common questions about buying ALTG stock.
For fiscal year 2025, Alta Equipment Group Inc. (ALTG) reported total revenue of $1.84B.
Alta Equipment Group Inc. (ALTG) reported a net loss of $80.3M for the fiscal year ending 2025.
Alta Equipment Group Inc. (ALTG) reported an operating income of $23.2M, resulting in an operating profit margin of 1.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Alta Equipment Group Inc. (ALTG) generated $474.6M in gross profit for the year, representing a gross profit margin of 25.9%. This demonstrates the company's core pricing power and production efficiency.