ALTO Alto Ingredients, Inc.

Overview and Growth

Fiscal 2025 results for Alto Ingredients, Inc. combined $917.93M of revenue with net income of $13.34M and an operating cash inflow of $13.24M. At $917.93M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $965.26M in fiscal 2024, revenue decreased 4.9%, a top-line contraction that reduced operating scale. The company reported diluted EPS of $0.16, adding a shareholder-level measure to the absolute income figures considered below. Asset turnover was 2.36x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $34.91M as gross profit before recognizing operating expenses and other items. Gross profit represented 3.8% of revenue, showing how much of the top line remained after direct costs. Operations produced $7.36M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 0.8%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $13.34M, after the operating, financing, tax, and other items recognized for the period. Net margin was 1.5%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $12.72M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 1.4%, adding a pre-tax profitability layer between revenue and net income. The company recognized an income-tax benefit of $621.00K, increasing after-tax earnings relative to the pretax result. The tax benefit equaled 4.9% of positive pretax income, lifting the after-tax result.

Liquidity and Capital Structure

The company held $388.79M of assets against $143.54M of liabilities and $245.24M of equity, revealing how the asset base was financed. The near-term balance sheet paired $155.92M of current assets with $59.07M of current liabilities at the reporting date. Current assets covered current liabilities by 2.64x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $23.41M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 39.6%, excluding receivables and other current assets. Total debt was $79.63M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.32x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 20.5%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 36.9%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 6.0%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 3.2% from $401.44M in fiscal 2024, leaving current total assets lower year over year.

Cash Flow and Earnings Quality

The company reported $13.24M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 0.99x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $4.60M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 34.7%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $8.65M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 0.9%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 2.2%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.