Alto Ingredients (ALTO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Alto Ingredients

NasdaqCM•Basic Materials•Specialty Chemicals

$3.95-0.02(<0.01%)Market open

Market Cap

$303.86M

P/E

5.8x

P/S

0.3x

P/B

1.2x

Alto Ingredients, Inc. produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western 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 and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients, including dried yeast, corn protein meal, corn protein feed, corn germ, distillers grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast and gas liquid CO2 for human consumption. The company also provides fuel-grade ethanol used as transportation fuel additives and distillers corn oil used as a renewable diesel and 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. Further, the company operates alcohol production facilities. It sells ethanol to integrated oil companies and gasoline marketers; essential ingredient feed products to dairies and feedlots; and corn oil to poultry, renewable diesel, and biodiesel customers. 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.

How this company scores

GoodMetricSide Score: 68/100

Strongest: Profitability (19/25); weakest: Growth (14/25).

Profitability19/25

Growth14/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality16/25

Strengths

High ROERising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 5.8x5y range 0.0x – 16.3x

Currently near its 7-quarter median.

P/S · 0.3x5y range 0.0x – 0.4x

Currently above its 20-quarter median.

P/B · 1.2x5y range 0.0x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $303.86M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $943.33M
Q. Revenue: $245.70M
TTM EBITDA: $61.01M
TTM Op. Income: $35.61M
Q. Op. Income: $8.62M
TTM Net Income: $51.99M
Q. Net Income: $11.70M
EPS: $0.15
Shares Out.: $75.59M

$943.33M in TTM revenue grew 1.1% YoY, reaching $245.70M last quarter. TTM EBITDA of $61.01M and TTM operating income of $35.61M show growth is flowing through to the bottom line. TTM net income of $51.99M means revenue is converting into profit. Over the past year, TTM revenue is up 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 6.8%
EBITDA Margin: 6.1%
Op. Margin: 3.5%
Net Margin: 4.8%

Op. margin of 3.5% is up 7.2% YoY — cost efficiency is improving. Net margin at 4.8% and gross margin of 6.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 195% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 5.8x
P/S Ratio: 0.3x
P/B Ratio: 1.2x

At 5.8x P/E, the stock trades below typical market levels. P/S of 0.3x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $397.07M
Cash: $23.96M
Long-Term Debt: $60.47M
Book Value: $259.88M
D/E Ratio: 0.2
Debt/EBITDA: 4.0

With $397.07M in assets and $60.47M in long-term debt, D/E is 0.2and book value is $259.88M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 59% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $28.48M
TTM Free Cash Flow: $49.94M
FCF Margin: 5.3%
FCF / Net Income: 1.0

TTM FCF of $49.94M on $28.48M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.