# Alto Ingredients Inc. (ALTO)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $427M  
**Price:** $5.65 (-0.18%)

> Alto Ingredients Inc. is a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients. The company operates through three main segments: Marketing and Distribution, which handles marketing and merchant trading of company-produced alcohols, essential ingredients, and third-party fuel-grade ethanol; Pekin Campus Production, focused on producing and selling alcohols and essential ingredients at its Pekin, Illinois facility; and Western Production, covering renewable fuel and essential ingredients from two western U.S. facilities. Alto Ingredients Inc. serves diverse markets including Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels, supplying customers such as food and beverage companies, consumer products manufacturers, and distributors. Its products enhance everyday goods like cleaning solutions, pharmaceuticals, high-protein feeds, pet food, and low-carbon ethanol fuel. Founded in 2003 and headquartered in Pekin, Illinois, Alto Ingredients Inc. leverages its ethanol production capabilities across five U.S. facilities to meet demand in these key sectors.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $918M | $35M | $7M | $13M | — |
| 2024 | $965M | $10M | -$52M | -$59M | — |
| 2023 | $1.22B | $16M | -$24M | -$28M | — |
| 2022 | $1.34B | -$28M | -$61M | -$42M | — |
| 2021 | $1.21B | $68M | $40M | $46M | — |
| 2020 | $897M | $53M | $10M | -$15M | — |
| 2019 | $1.42B | -$10M | -$75M | -$89M | — |
| 2018 | $1.52B | -$15M | -$52M | -$60M | — |
| 2017 | $1.63B | $6M | -$26M | -$35M | — |
| 2016 | $1.62B | $54M | $24M | $1M | — |
| 2015 | $1.20B | $10M | -$18M | -$19M | — |
| 2014 | $1.11B | $108M | $91M | $21M | — |
| 2013 | $912M | $33M | $19M | -$781,000 | — |
| 2012 | $816M | -$20M | -$32M | -$19M | — |
| 2011 | $901M | $19M | $4M | $3M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $389M | $144M | $245M | $23M | $85M |
| 2024 | $401M | $176M | $225M | $35M | $100M |
| 2023 | $454M | $175M | $280M | $30M | $91M |
| 2022 | $478M | $170M | $308M | $36M | $78M |
| 2021 | $485M | $140M | $345M | $51M | $50M |
| 2020 | $477M | $181M | $296M | $48M | $98M |
| 2019 | $612M | $385M | $227M | $19M | $245M |
| 2018 | $660M | $341M | $319M | $27M | $234M |
| 2017 | $720M | $337M | $356M | $49M | $244M |
| 2016 | $708M | $290M | $388M | $64M | $202M |
| 2015 | $675M | $303M | $372M | $52M | $224M |
| 2014 | $298M | $80M | $214M | $62M | $35M |
| 2013 | $241M | $146M | $89M | $5M | $101M |
| 2012 | $215M | $142M | $53M | $8M | $121M |
| 2011 | $232M | $113M | $47M | $9M | $94M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $13M | $5M | $9M |
| 2024 | -$4M | $11M | -$15M |
| 2023 | $22M | $30M | -$8M |
| 2022 | $6M | $38M | -$32M |
| 2021 | $27M | $16M | $10M |
| 2020 | $72M | $7M | $65M |
| 2019 | -$31M | $3M | -$35M |
| 2018 | $2M | $15M | -$14M |
| 2017 | $37M | $21M | $16M |
| 2016 | $37M | $19M | $18M |
| 2015 | -$28M | $21M | -$49M |
| 2012 | -$21M | $2M | -$23M |
| 2011 | -$4M | $2M | -$6M |
| 2010 | -$37M | $643,000 | -$38M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ALTO)