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Side-by-side financial comparison of ALTA EQUIPMENT GROUP INC. (ALTG) and ALLIANCE RESOURCE PARTNERS LP (ARLP). Click either name above to swap in a different company.

ALLIANCE RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($516.0M vs $509.1M, roughly 1.0× ALTA EQUIPMENT GROUP INC.). ALLIANCE RESOURCE PARTNERS LP runs the higher net margin — 2.1% vs -2.3%, a 4.4% gap on every dollar of revenue. On growth, ALTA EQUIPMENT GROUP INC. posted the faster year-over-year revenue change (2.2% vs -3.6%). ALTA EQUIPMENT GROUP INC. produced more free cash flow last quarter ($32.8M vs $13.3M). Over the past eight quarters, ALTA EQUIPMENT GROUP INC.'s revenue compounded faster (7.4% CAGR vs -6.7%).

The Alta Car and Engineering Company was a British sports and racing car manufacturer, commonly known simply as Alta. Their cars contested five FIA World Championship races between 1950 and 1952, as well as Grand Prix events prior to this. They also supplied engines to a small number of other constructors, most notably the Connaught and HWM teams.

Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.

ALTG vs ARLP — Head-to-Head

Bigger by revenue
ARLP
ARLP
1.0× larger
ARLP
$516.0M
$509.1M
ALTG
Growing faster (revenue YoY)
ALTG
ALTG
+5.8% gap
ALTG
2.2%
-3.6%
ARLP
Higher net margin
ARLP
ARLP
4.4% more per $
ARLP
2.1%
-2.3%
ALTG
More free cash flow
ALTG
ALTG
$19.5M more FCF
ALTG
$32.8M
$13.3M
ARLP
Faster 2-yr revenue CAGR
ALTG
ALTG
Annualised
ALTG
7.4%
-6.7%
ARLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALTG
ALTG
ARLP
ARLP
Revenue
$509.1M
$516.0M
Net Profit
$-11.7M
$10.7M
Gross Margin
23.5%
Operating Margin
1.0%
4.2%
Net Margin
-2.3%
2.1%
Revenue YoY
2.2%
-3.6%
Net Profit YoY
-10.4%
EPS (diluted)
$-0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALTG
ALTG
ARLP
ARLP
Q1 26
$516.0M
Q4 25
$509.1M
$535.5M
Q3 25
$422.6M
$571.4M
Q2 25
$481.2M
$547.5M
Q1 25
$423.0M
$540.5M
Q4 24
$498.1M
$590.1M
Q3 24
$448.8M
$613.6M
Q2 24
$488.1M
$593.4M
Net Profit
ALTG
ALTG
ARLP
ARLP
Q1 26
$10.7M
Q4 25
$-11.7M
$82.7M
Q3 25
$-41.6M
$95.1M
Q2 25
$-6.1M
$59.4M
Q1 25
$-20.9M
$74.0M
Q4 24
$-10.6M
$16.3M
Q3 24
$-27.7M
$86.3M
Q2 24
$-11.9M
$100.2M
Gross Margin
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
23.5%
Q3 25
27.9%
Q2 25
25.4%
Q1 25
27.2%
Q4 24
23.4%
Q3 24
27.8%
Q2 24
27.0%
Operating Margin
ALTG
ALTG
ARLP
ARLP
Q1 26
4.2%
Q4 25
1.0%
18.2%
Q3 25
1.1%
18.4%
Q2 25
2.6%
16.2%
Q1 25
0.2%
17.4%
Q4 24
0.5%
2.6%
Q3 24
1.5%
16.5%
Q2 24
2.1%
19.8%
Net Margin
ALTG
ALTG
ARLP
ARLP
Q1 26
2.1%
Q4 25
-2.3%
15.4%
Q3 25
-9.8%
16.6%
Q2 25
-1.3%
10.9%
Q1 25
-4.9%
13.7%
Q4 24
-2.1%
2.8%
Q3 24
-6.2%
14.1%
Q2 24
-2.4%
16.9%
EPS (diluted)
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
$-0.38
Q3 25
$-1.31
Q2 25
$-0.21
Q1 25
$-0.65
Q4 24
$-0.34
Q3 24
$-0.86
Q2 24
$-0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALTG
ALTG
ARLP
ARLP
Cash + ST InvestmentsLiquidity on hand
$18.6M
$28.9M
Total DebtLower is stronger
$724.0M
Stockholders' EquityBook value
$-8.8M
Total Assets
$1.3B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTG
ALTG
ARLP
ARLP
Q1 26
$28.9M
Q4 25
$18.6M
$71.2M
Q3 25
$14.1M
$94.5M
Q2 25
$13.2M
$55.0M
Q1 25
$11.1M
$81.3M
Q4 24
$13.4M
$137.0M
Q3 24
$14.6M
$195.4M
Q2 24
$4.5M
$203.7M
Total Debt
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
$724.0M
Q3 25
$745.6M
Q2 25
$732.6M
Q1 25
$735.0M
Q4 24
$695.3M
Q3 24
$712.6M
Q2 24
$727.3M
Stockholders' Equity
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
$-8.8M
Q3 25
$2.9M
Q2 25
$43.9M
Q1 25
$56.0M
Q4 24
$77.6M
Q3 24
$95.7M
Q2 24
$125.2M
Total Assets
ALTG
ALTG
ARLP
ARLP
Q1 26
$2.9B
Q4 25
$1.3B
$2.9B
Q3 25
$1.4B
$2.9B
Q2 25
$1.4B
$2.9B
Q1 25
$1.5B
$2.9B
Q4 24
$1.5B
$2.9B
Q3 24
$1.5B
$3.0B
Q2 24
$1.6B
$3.1B
Debt / Equity
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
Q3 25
257.10×
Q2 25
16.69×
Q1 25
13.13×
Q4 24
8.96×
Q3 24
7.45×
Q2 24
5.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALTG
ALTG
ARLP
ARLP
Operating Cash FlowLast quarter
$33.9M
Free Cash FlowOCF − Capex
$32.8M
$13.3M
FCF MarginFCF / Revenue
6.4%
2.6%
Capex IntensityCapex / Revenue
0.2%
18.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$23.8M
$342.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
$33.9M
$143.9M
Q3 25
$2.5M
$209.9M
Q2 25
$14.1M
$151.7M
Q1 25
$-17.5M
$145.7M
Q4 24
$34.9M
$168.4M
Q3 24
$46.3M
$209.3M
Q2 24
$-10.7M
$215.8M
Free Cash Flow
ALTG
ALTG
ARLP
ARLP
Q1 26
$13.3M
Q4 25
$32.8M
$99.1M
Q3 25
$-1.7M
$145.2M
Q2 25
$11.9M
$84.7M
Q1 25
$-19.2M
$58.9M
Q4 24
$30.9M
$75.3M
Q3 24
$42.1M
$99.0M
Q2 24
$-13.5M
$114.3M
FCF Margin
ALTG
ALTG
ARLP
ARLP
Q1 26
2.6%
Q4 25
6.4%
18.5%
Q3 25
-0.4%
25.4%
Q2 25
2.5%
15.5%
Q1 25
-4.5%
10.9%
Q4 24
6.2%
12.8%
Q3 24
9.4%
16.1%
Q2 24
-2.8%
19.3%
Capex Intensity
ALTG
ALTG
ARLP
ARLP
Q1 26
18.5%
Q4 25
0.2%
8.4%
Q3 25
1.0%
11.3%
Q2 25
0.5%
12.2%
Q1 25
0.4%
16.1%
Q4 24
0.8%
15.8%
Q3 24
0.9%
18.0%
Q2 24
0.6%
17.1%
Cash Conversion
ALTG
ALTG
ARLP
ARLP
Q1 26
Q4 25
1.74×
Q3 25
2.21×
Q2 25
2.55×
Q1 25
1.97×
Q4 24
10.31×
Q3 24
2.43×
Q2 24
2.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALTG
ALTG

New And Used Equipment Sales$300.9M59%
Parts Sales$68.1M13%
Services$59.3M12%
Rental Equipment Sales$38.0M7%
Design And Build Projects Automated Equipment Installation And System Integration Services$18.5M4%
Design And Build Solutions Automated Equipment Installation And System Integration And Software Services$14.6M3%
Master Distribution Segment$14.0M3%

ARLP
ARLP

Coal sales$443.3M86%
Oil & gas royalties$41.3M8%
Other revenues$22.8M4%
Transportation revenues$8.6M2%
Tons Produced$8.0M2%
Mineral Interest Volumes (BOE)$1.0M0%

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