Alto Ingredients Inc. Common Stock (ALTO)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Alto Ingredients as a Graham-style bargain hunter, but a low price can be a trap. The company produces specialty alcohols, renewable fuel, and essential ingredients, a commodity-linked business with only 390 employees and $917.9 million of revenue in fiscal 2025, the year ended 2025-12-31. That year it earned $13.3 million, a very slim net margin, after losing $59.0 million in fiscal 2024, the year ended 2024-12-31, and $28.0 million in fiscal 2023, the year ended 2023-12-31. The latest quarter, fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $245.7 million, net income of $11.7 million, and diluted EPS of $0.15, versus a net loss of $11.0 million and diluted EPS of $-0.15 in fiscal Q2 2025, the quarter ended 2025-06-30. The turnaround is real, but it rests on thin product margins, not a durable moat.

In plain English: Alto Ingredients makes specialty alcohols used in health, home, and beauty products, along with renewable fuel and essential ingredients. The business has bounced back to a profit after losses, and it generates more free cash than its market value would suggest, but its last full year of sales fell and a risk measure still flashes weak. At $3.77, the shares look cheap compared with the company's recent profits and net assets, though this remains a turnaround rather than a steady compounder.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer