Alto
Makes specialty alcohols and essential ingredients for health, food, and renewable-fuel markets.
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Profile
Sells specialty alcohols and essential ingredients alongside renewable fuels, corn-derived feed and corn oil. The business developed from Pacific Ethanol's fuel focus into a portfolio serving health, home and beauty, food and beverage, essential-ingredient and renewable-fuel markets.
Produces specialty alcohols and essential ingredients for health, home and beauty, food and beverage, and renewable-fuel markets. The shift from Pacific Ethanol's fuel-centered model was tied to specialty-alcohol expansion and the Illinois Corn Processing acquisition, broadening the operating base beyond transportation fuel. It retained alcohol, feed and corn-oil production economics as a core operating framework.
Alto Nutrients supplies essential ingredients through five production facilities, while the wider product mix also includes corn-derived feed, pet food and corn oil. Operations remain shaped by the economics of alcohol, feed and corn-oil production.
Company facts
Categories
Key statistics
Year to date +53.4% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Aug 6, 2026 | Scotiabank | Target | $10 |
| May 7, 2026 | H.C. Wainwright | Target | $10 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.08 | $0.15 | +78.9% | $231.2M | $245.7M | +6.3% | −10.87% |
| May 6, 2026Q1 FY26 | −$0.08 | $0.05 | +162.5% | $215.7M | $224.7M | +4.2% | −18.35% |
| Mar 4, 2026Q4 FY25 | $0.02 | $0.19 | +850.0% | $234.9M | $232.0M | −1.2% | +54.62% |
| Nov 5, 2025Q3 FY25 | −$0.06 | $0.19 | +416.7% | $234.8M | $241.0M | +2.6% | +22.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $226.5M | $218.4M | $241.0M | $232.0M | $224.7M | $245.7M | |
| Gross profit | −$34.0K | $661.0K | $29.3M | −$10.5M | $17.6M | $16.6M | |
| Operating income | −$7.2M | −$5.5M | $22.8M | −$9.9M | $14.8M | $8.6M | |
| Net income | −$11.7M | −$11.0M | $14.2M | $21.8M | $4.3M | $11.4M | |
| Diluted EPS | −$0.16 | −$0.15 | $0.19 | $0.28 | $0.05 | $0.15 | |
| Gross margin | -0.0% | 0.3% | 12.2% | -4.5% | 7.8% | 6.8% | |
| Operating margin | -3.2% | -2.5% | 9.5% | -4.3% | 6.6% | 3.5% |
Fiscal years (4-quarter sums)FY21 $1.21B · FY22 $1.34B · FY23 $1.22B · FY24 $965.3M · FY25 $917.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $24.0M · Total debt $82.9M · Total assets $397.1M · Shareholders' equity $259.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 77.49M · Float 69.26M · 89.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.36M | 6.90% | 13G | Jul 27, 2026 |
| Vanguard Capital Management LLC | 3.21M | 4.15% | 13F | Aug 13, 2026 |
| Arrowstreet Capital, Limited Partnership | 2.28M | 2.94% | 13F | Aug 13, 2026 |
| Acadian Asset Management LLC | 2.05M | 2.64% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 1.98M | 2.56% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Gilbert E. Nathan | director | +50,000 | $4.15 |
| May 12, 2026 | Gilbert E. Nathan | director | +20,000 | $4.61 |
| May 13, 2026 | Gilbert E. Nathan | director | +5,000 | $4.45 |
Peers
- Archer Daniels Midland
Major producer in specialty alcohols and fuel ethanol
- Green Plains
Low-CI ethanol producer with feed and corn-oil co-products
- Valero Energy
Large U.S. fuel-ethanol producer with Mid-Continent capacity
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alto | $4.02 | −1.47% | $315.4M | 6.1 | 15.2 | 0.3 | +12.5% |
| Archer Daniels Midland | $81.68 | +0.17% | $39.30B | 22.3 | 14.1 | 0.5 | +7.1% |
| Green Plains | $14.66 | +0.07% | $1.03B | 9.5 | 8.7 | 0.6 | −19.3% |
| Valero Energy | $352.97 | +0.19% | $101.45B | 14.6 | 8.3 | 0.8 | +48.8% |
| Median | 14.6 | 8.7 | 0.6 | +7.1% |





