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Side-by-side financial comparison of Alto Ingredients, Inc. (ALTO) and Ategrity Specialty Insurance Co Holdings (ASIC). Click either name above to swap in a different company.

Alto Ingredients, Inc. is the larger business by last-quarter revenue ($232.0M vs $116.1M, roughly 2.0× Ategrity Specialty Insurance Co Holdings). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs 9.4%, a 10.1% gap on every dollar of revenue.

Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organizati...

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

ALTO vs ASIC — Head-to-Head

Bigger by revenue
ALTO
ALTO
2.0× larger
ALTO
$232.0M
$116.1M
ASIC
Higher net margin
ASIC
ASIC
10.1% more per $
ASIC
19.5%
9.4%
ALTO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ALTO
ALTO
ASIC
ASIC
Revenue
$232.0M
$116.1M
Net Profit
$21.8M
$22.7M
Gross Margin
6.5%
Operating Margin
3.2%
25.6%
Net Margin
9.4%
19.5%
Revenue YoY
-1.9%
Net Profit YoY
152.3%
EPS (diluted)
$0.28
$0.45

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
ALTO
ALTO
ASIC
ASIC
Q4 25
$232.0M
Q3 25
$241.0M
$116.1M
Q2 25
$218.4M
$101.8M
Q1 25
$226.5M
Q4 24
$236.3M
Q3 24
$251.8M
Q2 24
$236.5M
Q1 24
$240.6M
Net Profit
ALTO
ALTO
ASIC
ASIC
Q4 25
$21.8M
Q3 25
$14.2M
$22.7M
Q2 25
$-11.0M
$17.6M
Q1 25
$-11.7M
Q4 24
$-41.7M
Q3 24
$-2.4M
Q2 24
$-3.1M
Q1 24
$-11.7M
Gross Margin
ALTO
ALTO
ASIC
ASIC
Q4 25
6.5%
Q3 25
9.7%
Q2 25
-0.9%
Q1 25
-0.8%
Q4 24
-0.6%
Q3 24
2.4%
Q2 24
3.2%
Q1 24
-1.0%
Operating Margin
ALTO
ALTO
ASIC
ASIC
Q4 25
3.2%
Q3 25
7.0%
25.6%
Q2 25
-3.7%
21.9%
Q1 25
-4.0%
Q4 24
-16.6%
Q3 24
-0.3%
Q2 24
-0.6%
Q1 24
-4.3%
Net Margin
ALTO
ALTO
ASIC
ASIC
Q4 25
9.4%
Q3 25
5.9%
19.5%
Q2 25
-5.0%
17.3%
Q1 25
-5.2%
Q4 24
-17.6%
Q3 24
-1.0%
Q2 24
-1.3%
Q1 24
-4.9%
EPS (diluted)
ALTO
ALTO
ASIC
ASIC
Q4 25
$0.28
Q3 25
$0.19
$0.45
Q2 25
$-0.15
$0.39
Q1 25
$-0.16
Q4 24
$-0.56
Q3 24
$-0.04
Q2 24
$-0.05
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
ALTO
ALTO
ASIC
ASIC
Cash + ST InvestmentsLiquidity on hand
$23.4M
$34.3M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$245.2M
$588.6M
Total Assets
$388.8M
$1.4B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
ASIC
ASIC
Q4 25
$23.4M
Q3 25
$32.5M
$34.3M
Q2 25
$29.8M
$23.5M
Q1 25
$26.8M
Q4 24
$35.5M
Q3 24
$33.6M
Q2 24
$27.1M
Q1 24
$29.3M
Total Debt
ALTO
ALTO
ASIC
ASIC
Q4 25
$84.6M
Q3 25
$106.0M
Q2 25
$124.2M
Q1 25
$117.0M
Q4 24
$99.7M
Q3 24
$90.6M
Q2 24
$98.6M
Q1 24
$92.2M
Stockholders' Equity
ALTO
ALTO
ASIC
ASIC
Q4 25
$245.2M
Q3 25
$222.4M
$588.6M
Q2 25
$207.8M
$559.7M
Q1 25
$213.9M
Q4 24
$225.1M
Q3 24
$263.9M
Q2 24
$265.8M
Q1 24
$268.7M
Total Assets
ALTO
ALTO
ASIC
ASIC
Q4 25
$388.8M
Q3 25
$388.5M
$1.4B
Q2 25
$393.1M
$1.4B
Q1 25
$402.2M
Q4 24
$401.4M
Q3 24
$417.4M
Q2 24
$432.5M
Q1 24
$434.6M
Debt / Equity
ALTO
ALTO
ASIC
ASIC
Q4 25
0.34×
Q3 25
0.48×
Q2 25
0.60×
Q1 25
0.55×
Q4 24
0.44×
Q3 24
0.34×
Q2 24
0.37×
Q1 24
0.34×

Cash Flow & Capital Efficiency

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

Metric
ALTO
ALTO
ASIC
ASIC
Operating Cash FlowLast quarter
$9.5M
$41.1M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.44×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
ASIC
ASIC
Q4 25
$9.5M
Q3 25
$22.8M
$41.1M
Q2 25
$-848.0K
$50.8M
Q1 25
$-18.2M
Q4 24
$-9.8M
Q3 24
$18.6M
Q2 24
$-13.7M
Q1 24
$1.4M
Free Cash Flow
ALTO
ALTO
ASIC
ASIC
Q4 25
$7.6M
Q3 25
$21.2M
Q2 25
$-1.3M
Q1 25
$-18.8M
Q4 24
$-11.1M
Q3 24
$18.1M
Q2 24
$-18.4M
Q1 24
$-3.2M
FCF Margin
ALTO
ALTO
ASIC
ASIC
Q4 25
3.3%
Q3 25
8.8%
Q2 25
-0.6%
Q1 25
-8.3%
Q4 24
-4.7%
Q3 24
7.2%
Q2 24
-7.8%
Q1 24
-1.3%
Capex Intensity
ALTO
ALTO
ASIC
ASIC
Q4 25
0.8%
Q3 25
0.7%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
2.0%
Q1 24
1.9%
Cash Conversion
ALTO
ALTO
ASIC
ASIC
Q4 25
0.44×
Q3 25
1.60×
1.81×
Q2 25
2.88×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALTO
ALTO

Pekin Campus Production$105.1M45%
Total Marketing And Distribution Sales$57.9M25%
Marketing And Distributions$55.6M24%
Other$11.2M5%
Kodiak Carbonic LLC$2.1M1%

ASIC
ASIC

Segment breakdown not available.

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