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Side-by-side financial comparison of ALTA EQUIPMENT GROUP INC. (ALTG) and PHIBRO ANIMAL HEALTH CORP (PAHC). Click either name above to swap in a different company.

ALTA EQUIPMENT GROUP INC. is the larger business by last-quarter revenue ($509.1M vs $373.9M, roughly 1.4× PHIBRO ANIMAL HEALTH CORP). PHIBRO ANIMAL HEALTH CORP runs the higher net margin — 7.3% vs -2.3%, a 9.6% gap on every dollar of revenue. On growth, PHIBRO ANIMAL HEALTH CORP posted the faster year-over-year revenue change (20.9% vs 2.2%). ALTA EQUIPMENT GROUP INC. produced more free cash flow last quarter ($32.8M vs $8.3M). Over the past eight quarters, PHIBRO ANIMAL HEALTH CORP's revenue compounded faster (19.2% CAGR vs 7.4%).

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.

Phibro Animal Health Corporation is an American animal health and mineral nutrition company. Its products include antibacterials, anticoccidials, anthelmintics, as well as animal nutrition and vaccines for livestock. The company operates through three segments Mineral Nutrition, Performance Materials, and Animal Health, from which most of its revenue is derived. The company operates in the United States, Latin America, Canada, Europe, Middle East, Africa, and Asia-Pacific. It is incorporated ...

ALTG vs PAHC — Head-to-Head

Bigger by revenue
ALTG
ALTG
1.4× larger
ALTG
$509.1M
$373.9M
PAHC
Growing faster (revenue YoY)
PAHC
PAHC
+18.7% gap
PAHC
20.9%
2.2%
ALTG
Higher net margin
PAHC
PAHC
9.6% more per $
PAHC
7.3%
-2.3%
ALTG
More free cash flow
ALTG
ALTG
$24.5M more FCF
ALTG
$32.8M
$8.3M
PAHC
Faster 2-yr revenue CAGR
PAHC
PAHC
Annualised
PAHC
19.2%
7.4%
ALTG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ALTG
ALTG
PAHC
PAHC
Revenue
$509.1M
$373.9M
Net Profit
$-11.7M
$27.5M
Gross Margin
23.5%
35.5%
Operating Margin
1.0%
13.5%
Net Margin
-2.3%
7.3%
Revenue YoY
2.2%
20.9%
Net Profit YoY
-10.4%
762.1%
EPS (diluted)
$-0.38
$0.67

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
PAHC
PAHC
Q4 25
$509.1M
$373.9M
Q3 25
$422.6M
$363.9M
Q2 25
$481.2M
$378.7M
Q1 25
$423.0M
$347.8M
Q4 24
$498.1M
$309.3M
Q3 24
$448.8M
$260.4M
Q2 24
$488.1M
$273.2M
Q1 24
$441.6M
$263.2M
Net Profit
ALTG
ALTG
PAHC
PAHC
Q4 25
$-11.7M
$27.5M
Q3 25
$-41.6M
$26.5M
Q2 25
$-6.1M
$17.2M
Q1 25
$-20.9M
$20.9M
Q4 24
$-10.6M
$3.2M
Q3 24
$-27.7M
$7.0M
Q2 24
$-11.9M
$752.0K
Q1 24
$-11.9M
$8.4M
Gross Margin
ALTG
ALTG
PAHC
PAHC
Q4 25
23.5%
35.5%
Q3 25
27.9%
32.9%
Q2 25
25.4%
29.0%
Q1 25
27.2%
30.1%
Q4 24
23.4%
32.9%
Q3 24
27.8%
32.1%
Q2 24
27.0%
31.9%
Q1 24
27.3%
30.2%
Operating Margin
ALTG
ALTG
PAHC
PAHC
Q4 25
1.0%
13.5%
Q3 25
1.1%
14.1%
Q2 25
2.6%
8.9%
Q1 25
0.2%
9.6%
Q4 24
0.5%
8.3%
Q3 24
1.5%
6.8%
Q2 24
2.1%
6.7%
Q1 24
-0.2%
7.6%
Net Margin
ALTG
ALTG
PAHC
PAHC
Q4 25
-2.3%
7.3%
Q3 25
-9.8%
7.3%
Q2 25
-1.3%
4.5%
Q1 25
-4.9%
6.0%
Q4 24
-2.1%
1.0%
Q3 24
-6.2%
2.7%
Q2 24
-2.4%
0.3%
Q1 24
-2.7%
3.2%
EPS (diluted)
ALTG
ALTG
PAHC
PAHC
Q4 25
$-0.38
$0.67
Q3 25
$-1.31
$0.65
Q2 25
$-0.21
$0.43
Q1 25
$-0.65
$0.51
Q4 24
$-0.34
$0.08
Q3 24
$-0.86
$0.17
Q2 24
$-0.38
$0.02
Q1 24
$-0.38
$0.21

Balance Sheet & Financial Strength

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

Metric
ALTG
ALTG
PAHC
PAHC
Cash + ST InvestmentsLiquidity on hand
$18.6M
$74.5M
Total DebtLower is stronger
$724.0M
$624.2M
Stockholders' EquityBook value
$-8.8M
$332.4M
Total Assets
$1.3B
$1.4B
Debt / EquityLower = less leverage
1.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTG
ALTG
PAHC
PAHC
Q4 25
$18.6M
$74.5M
Q3 25
$14.1M
$85.3M
Q2 25
$13.2M
$77.0M
Q1 25
$11.1M
$70.4M
Q4 24
$13.4M
$67.1M
Q3 24
$14.6M
$89.8M
Q2 24
$4.5M
$114.6M
Q1 24
$5.6M
$98.7M
Total Debt
ALTG
ALTG
PAHC
PAHC
Q4 25
$724.0M
$624.2M
Q3 25
$745.6M
$628.0M
Q2 25
$732.6M
$631.7M
Q1 25
$735.0M
$635.4M
Q4 24
$695.3M
$639.1M
Q3 24
$712.6M
$295.2M
Q2 24
$727.3M
$312.1M
Q1 24
$674.4M
Stockholders' Equity
ALTG
ALTG
PAHC
PAHC
Q4 25
$-8.8M
$332.4M
Q3 25
$2.9M
$311.7M
Q2 25
$43.9M
$285.7M
Q1 25
$56.0M
$266.0M
Q4 24
$77.6M
$246.8M
Q3 24
$95.7M
$258.5M
Q2 24
$125.2M
$256.6M
Q1 24
$136.9M
$270.1M
Total Assets
ALTG
ALTG
PAHC
PAHC
Q4 25
$1.3B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.4B
$1.4B
Q1 25
$1.5B
$1.3B
Q4 24
$1.5B
$1.3B
Q3 24
$1.5B
$966.3M
Q2 24
$1.6B
$982.2M
Q1 24
$1.6B
$979.0M
Debt / Equity
ALTG
ALTG
PAHC
PAHC
Q4 25
1.88×
Q3 25
257.10×
2.01×
Q2 25
16.69×
2.21×
Q1 25
13.13×
2.39×
Q4 24
8.96×
2.59×
Q3 24
7.45×
1.14×
Q2 24
5.81×
1.22×
Q1 24
4.93×

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
PAHC
PAHC
Operating Cash FlowLast quarter
$33.9M
$19.4M
Free Cash FlowOCF − Capex
$32.8M
$8.3M
FCF MarginFCF / Revenue
6.4%
2.2%
Capex IntensityCapex / Revenue
0.2%
3.0%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$23.8M
$47.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTG
ALTG
PAHC
PAHC
Q4 25
$33.9M
$19.4M
Q3 25
$2.5M
$9.3M
Q2 25
$14.1M
$21.3M
Q1 25
$-17.5M
$43.2M
Q4 24
$34.9M
$3.1M
Q3 24
$46.3M
$12.6M
Q2 24
$-10.7M
$28.4M
Q1 24
$-13.5M
$11.4M
Free Cash Flow
ALTG
ALTG
PAHC
PAHC
Q4 25
$32.8M
$8.3M
Q3 25
$-1.7M
$-4.5M
Q2 25
$11.9M
$8.1M
Q1 25
$-19.2M
$35.4M
Q4 24
$30.9M
$-4.7M
Q3 24
$42.1M
$3.0M
Q2 24
$-13.5M
$15.4M
Q1 24
$-17.9M
$1.7M
FCF Margin
ALTG
ALTG
PAHC
PAHC
Q4 25
6.4%
2.2%
Q3 25
-0.4%
-1.2%
Q2 25
2.5%
2.1%
Q1 25
-4.5%
10.2%
Q4 24
6.2%
-1.5%
Q3 24
9.4%
1.2%
Q2 24
-2.8%
5.6%
Q1 24
-4.1%
0.6%
Capex Intensity
ALTG
ALTG
PAHC
PAHC
Q4 25
0.2%
3.0%
Q3 25
1.0%
3.8%
Q2 25
0.5%
3.5%
Q1 25
0.4%
2.2%
Q4 24
0.8%
2.5%
Q3 24
0.9%
3.7%
Q2 24
0.6%
4.8%
Q1 24
1.0%
3.7%
Cash Conversion
ALTG
ALTG
PAHC
PAHC
Q4 25
0.70×
Q3 25
0.35×
Q2 25
1.24×
Q1 25
2.07×
Q4 24
0.97×
Q3 24
1.81×
Q2 24
37.80×
Q1 24
1.36×

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%

PAHC
PAHC

Medicated Feed Additives And Others$202.1M54%
Mineral Nutrition$68.9M18%
Nutritional Specialties$50.2M13%
Vaccines$37.6M10%
Performance Products$15.0M4%

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