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Alto Ingredients (ALTO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Alto Ingredients (ALTO) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $258M · 5¢ of every $1 of revenue kept as net profit · operating margin 2.7%
Alto Ingredients made $258M in Q3 2026 (+7% Y/Y). Operating margin 2.7%, net earnings $13.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
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What changed this quarter
Revenue was $257.9M in Q3 2026, up 7% year over year and up 5% from the previous quarter.
Gross margin was 5.7%, down 4.0 points from Q3 2025. Operating profit was $7.0M, a 2.7% margin (down 4.3 points year over year). Operating profit fell $10.0M even though revenue rose $16.9M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 20% against revenue growth of 7%. Net earnings were $13.0M, down 8% year over year. The effective tax rate was 0.0%. Non-operating items added $6.0M, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.9M (down 44% year over year), 99% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $908K of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $4.4M left free cash flow of $8.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $258M | +7% | 2.7% | $13.0M | $12.9M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $246M | +12% | 3.5% | $11.7M | $28.5M |
| Q1 2026 | 10-Q | May 8, 2026 | $225M | -0.8% | 1.1% | $4.3M | $4.2M |
| Q4 2025 | 10-K | Mar 13, 2026 | $232M | -2% | 3.2% | $21.8M | $9.5M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $241M | -4% | 7.0% | $14.2M | $22.8M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $218M | -8% | -3.7% | −$11.0M | −$848K |
| Q1 2025 | 10-Q | May 9, 2025 | $227M | -6% | -4.0% | −$11.7M | −$18.2M |
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Customers and suppliers named in filings
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About Alto Ingredients
We are a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients in the United States. We operate five alcohol production facilities. Three of our production facilities are located in Illinois, one is located in Oregon, and another is located in Idaho. We have an annual alcohol production capacity of 330 million gallons, including both renewable fuels and specialty alcohols ranging from industrial-, pharmaceutical-, and high-quality food- and beverage-grade alcohols. Of this amount, we can produce up to 110 million gallons annually of specialty alcohols, depending on our product mix among high-quality beverage-grade alcohol and other quality specification alcohols. We market and distribute all of the alcohols produced at our facilities as well as alcohols produced by third parties.
In its own words, from its 10-K, filed Mar 13, 2026.
Alto Ingredients against its Industrial Organic Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +5%. Operating margin: 2.7% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ALTO Alto Ingredients | Q3 2026 | $258M | +7% | 2.7% |
| LYB LyondellBasell Industries N.V. | Q3 2026 | $8.5B | +10% | 12.6% |
| WLK Westlake | Q3 2026 | $3.0B | +5% | 1.4% |
| IFF International Flavors & Fragrances | Q3 2026 | $1.9B | +4% | 8.2% |
| Union Carbide | Q3 2026 | $1.5B | +38% | 29.6% |
| NEU Newmarket | Q3 2026 | $717M | +4% | 20.0% |
| GPRE Green Plains | Q3 2026 | $496M | -2% | 18.7% |
| SXT Sensient Technologies | Q3 2026 | $456M | +11% | 15.9% |
| WLKP Westlake Chemical Partners LP | Q3 2026 | $314M | +2% | 30.4% |
Source: Alto Ingredients 10-Q on SEC EDGAR · CIK 778164 · Industrial Organic Chemicals
Guidance and outlook
13F: who owns ALTO and who is buying
More on ALTO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results