Alto Ingredients vs. Green Plains: Which Ethanol Stock Is Better?
ALTO and GPRE are pursuing different biofuel strategies as ethanol producers navigate corn prices, policy shifts and low-carbon demand.

Alto Ingredients, Inc., operating within the United States, specializes in the production and commercialization of both specialty alcohols and various essential ingredients. ...
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Est. EPS $0.10 · Revenue $248.50M · 1 analysts
Est. EPS $0.07 · Revenue $246.97M · 1 analysts
Est. EPS $0.38 · Revenue $954.32M · 1 analysts
Est. EPS $0.00 · Revenue $207.00M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $917.9M | -4.9% | +9.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $13.3M | +122.6% | +166.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +2.9% | +190.4% | -13.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +0.8% | +114.5% | -46.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +1.5% | +123.8% | +143.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $8.6M | +159.3% | +442.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +0.9% | +162.3% | +396.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 39.8% | -21.9% | -12.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.64x | -0.4% | -16.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $388.8M | -3.2% | +2.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.16 vs -0.14 | +214.3% | 0.15 vs 0.08 | +78.9% |
| Revenue Surprise | $917.9M vs $920.8M | -0.3% | $245.7M vs $231.2M | +6.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | NATHAN GILBERT E | director | Common Stock | A | 50,000 | $4.15 |
| Jun 23, 2026 | Nury Dianne S. | director | Common Stock | A | 23,605 | — |
| Jun 23, 2026 | NATHAN GILBERT E | director | Common Stock | A | 31,652 | — |
| Jun 23, 2026 | Tank Alan Robert | director | Common Stock | A | 23,605 | — |
| Jun 23, 2026 | Gray Maria G | director | Common Stock | A | 23,605 | — |
Operator: Good afternoon and welcome to the Alto Ingredients Second Quarter 26 Financial Results Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. To withdraw your question, please press *2. Please note this event is being recorded. I would now like to turn the conference over to Jody Burfening. Please go ahead. Thank you, Danielle, and thank you all for joining us today for Alto Ingredients Second Quarter 26 Results Conference Call. With me on the call are our President and CEO, Bryon McGregor and CFO, Robert R. Olander. Alto Ingredients issued a press release after the market closed today providing details of the company's financial results for the second quarter of 26. A webcast and webcast replay will be available on the Alto Ingredients website at altoingredients.com. Please note that the information on this call speaks only as of today, 08/05/2026. You are advised that time sensitive information may no longer be accurate at the time of any replay. Company also prepared a presentation for today's call that is available on its website. Please refer to the company's safe harbor statement in the presentation which states that some of the comments constitute forward looking statements in consideration that involve risks and uncertainties. The actual results of all 2 ingredients could differ materially from those statements. Factors that could cause or contribute to such differences include, but are not limited to, events, risks, and other factors previously and from time to time disclosed in Alto Ingredients filings with the SEC. Except as required by applicable law, the company assumes no obligation to update any forward looking statements. In management's prepared remarks, non-GAAP measures will be referenced. Management uses these non GAAP measures to monitor the company's financial performance of its operations and believes these measures will assist investors in assessing the company's performance for the periods reported. The company defines adjusted EBITDA as unaudited consolidated net income or loss before interest expense interest income, provision or benefit for income taxes, asset impairments, unrealized derivative gains and losses, acquisition related expenses, excess insurance proceeds, depreciation and amortization expense. To support the company's review of non GAAP information, a reconciling table has been included in the second quarter earnings release and presentation. With that, it is now my pleasure to introduce Bryon McGregor. Bryon, please go ahead. Bryon T. McGregor: Thanks, Jody. And thanks everyone for joining us today. I will begin with a high level review of our second quarter results. And operational activities. Then I will turn the call over to Robert for a detailed review of our financial results for the quarter. After that, I will wrap up and open the call for Q&A. We delivered our fourth consecutive quarter of positive gross …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Bryon T. McGregor | Chief Executive Officer, President & Director | USD 1,122,680 | Male | 1964 | Active |
Robert R. Olander | Chief Financial Officer | USD 663,305 | Male | 1978 | Active |
Auste Graham | Chief Legal Officer & Secretary | USD 663,220 | Female | 1980 | Active |
James R. Sneed | Chief Commercial Officer | USD 662,585 | Male | 1967 | Active |
Todd E. Benton | Chief Operating Officer | USD 645,415 | Male | 1973 | Active |
Ed Baker | Vice President of Human Resources | — | Male | — | Active |
ALTO and GPRE are pursuing different biofuel strategies as ethanol producers navigate corn prices, policy shifts and low-carbon demand.

ALTO's higher alcohol volumes and hedging cushioned narrower premiums, but softer pricing remains a key profitability watchpoint.

ALTO's renewable fuel exports fall as Middle East disruption raises freight costs, but stronger premiums and U.S. ethanol demand soften the impact.

ALTO has delivered stronger second-quarter profitability, but export headwinds, rising costs and estimate cuts cloud the near-term outlook.

Dimensional Fund Advisors LP raised its holdings in shares of Alto Ingredients, Inc. (NASDAQ: ALTO) by 74.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 659,268 shares of the company's stock after acquiring an additional 281,833 shares during the
