Demand and volumemixed · 3 filings
“See “Note 2 – Segments” to our Notes to Condensed Consolidated Financial Statements included elsewhere in this report for financial information about our business segments.”10-Q · May 8, 2026 ↗
Alto Ingredients, Inc.
ALTO
Market read
Alto Ingredients, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Company-1.4% todayVolume comparison unavailable
Market group0 of 3 activeTechnology and Specialty Chemicals · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- ALTO's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if ALTO's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- ALTO's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements76
Verified relationships5
Evidence supporting the case
- Operating margin changed +6.2 percentage points in the latest annual period.
- Net margin changed +7.6 percentage points in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -4.9% year over year.
- Diluted shares increased 3.0% in the latest annual period.
- Demand and volume has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 84% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
3.966m+73.5%12m+276.7%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.2B+34.7%$0.61+23.2%
2022-12-31$1.3B+10.6%$-0.60-0.4%
2023-12-31$1.2B-8.4%$-0.40+1.9%
2024-12-31$965.3M-21.1%$-0.82+0.2%
2025-12-31$917.9M-4.9%$0.16+3.0%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesmixed · 2 filings
“With a lower debt balance, interest expense decreased compared to the prior-year quarter, reflecting our focus on minimizing idle cash, maintaining ample borrowing availability and reducing our interest burden.”10-Q · May 8, 2026 ↗
Energy and commodity pricespositive · 2 filings
“Specific factors that contributed significantly to the change in cash generated by our operating activities include: ● an increase of $72.3 million in net income primarily due to higher commodity crush margins; ● an increase of $3.0 million related to changes…”10-K · Mar 13, 2026 ↗
Restructuring and cost reductionsmixed · 2 filings
“The Company’s annual assessment resulted in an asset impairment of $ 24,790 ,000 primarily from the cold-idling of the Company’s Magic Valley facility due to increased regional corn basis and overall margin compression and the Company’s changes to its Eagle A…”10-K · Mar 13, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.3× · EV/sales 0.4×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
3.96-1.4% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ALTO. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for ALTO. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind ALTO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ADMArcher-Daniels-Midland CompanycompetitorMar 13, 2026 ▾
“Other significant producers of specialty alcohols in the United States are Archer-Daniels-Midland Company, Grain Processing Corporation, Golden Triangle Energy, CIE and Greenfield Global Inc.”
GPREGreen Plains Inc.competitorMar 13, 2026 ▾
“Together with many smaller producers, these companies account for a significant majority of the total installed specialty alcohol production capacity in the United States.”
ORNOrion Group Holdings, Inc.investeeNov 7, 2025 ▾
“As of September 30, 2025, we had $33.1 million in cash, cash equivalents and restricted cash, $20.3 million available for borrowing under Kinergy’s operating line of credit and $65.0 million that may be available for capital improvement projects under our Ori…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ALTO is currently a Early Follower in the organic co-movement group Technology and Specialty Chemicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for ALTO; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.