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Side-by-side financial comparison of Alto Ingredients, Inc. (ALTO) and ASTRONICS CORP (ATRO). Click either name above to swap in a different company.

ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $232.0M, roughly 1.0× Alto Ingredients, Inc.). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -1.9%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $7.6M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs -1.8%).

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...

Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.

ALTO vs ATRO — Head-to-Head

Bigger by revenue
ATRO
ATRO
1.0× larger
ATRO
$240.1M
$232.0M
ALTO
Growing faster (revenue YoY)
ATRO
ATRO
+17.0% gap
ATRO
15.1%
-1.9%
ALTO
More free cash flow
ATRO
ATRO
$8.2M more FCF
ATRO
$15.8M
$7.6M
ALTO
Faster 2-yr revenue CAGR
ATRO
ATRO
Annualised
ATRO
13.9%
-1.8%
ALTO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALTO
ALTO
ATRO
ATRO
Revenue
$232.0M
$240.1M
Net Profit
$21.8M
Gross Margin
6.5%
33.3%
Operating Margin
3.2%
14.8%
Net Margin
9.4%
Revenue YoY
-1.9%
15.1%
Net Profit YoY
152.3%
EPS (diluted)
$0.28
$0.82

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
ATRO
ATRO
Q4 25
$232.0M
$240.1M
Q3 25
$241.0M
$211.4M
Q2 25
$218.4M
$204.7M
Q1 25
$226.5M
$205.9M
Q4 24
$236.3M
$208.5M
Q3 24
$251.8M
$203.7M
Q2 24
$236.5M
$198.1M
Q1 24
$240.6M
$185.1M
Net Profit
ALTO
ALTO
ATRO
ATRO
Q4 25
$21.8M
Q3 25
$14.2M
$-11.1M
Q2 25
$-11.0M
$1.3M
Q1 25
$-11.7M
$9.5M
Q4 24
$-41.7M
Q3 24
$-2.4M
$-11.7M
Q2 24
$-3.1M
$1.5M
Q1 24
$-11.7M
$-3.2M
Gross Margin
ALTO
ALTO
ATRO
ATRO
Q4 25
6.5%
33.3%
Q3 25
9.7%
30.5%
Q2 25
-0.9%
25.8%
Q1 25
-0.8%
29.5%
Q4 24
-0.6%
29.8%
Q3 24
2.4%
27.1%
Q2 24
3.2%
28.0%
Q1 24
-1.0%
25.7%
Operating Margin
ALTO
ALTO
ATRO
ATRO
Q4 25
3.2%
14.8%
Q3 25
7.0%
10.9%
Q2 25
-3.7%
2.3%
Q1 25
-4.0%
6.4%
Q4 24
-16.6%
4.3%
Q3 24
-0.3%
4.1%
Q2 24
-0.6%
3.8%
Q1 24
-4.3%
0.9%
Net Margin
ALTO
ALTO
ATRO
ATRO
Q4 25
9.4%
Q3 25
5.9%
-5.2%
Q2 25
-5.0%
0.6%
Q1 25
-5.2%
4.6%
Q4 24
-17.6%
Q3 24
-1.0%
-5.8%
Q2 24
-1.3%
0.8%
Q1 24
-4.9%
-1.7%
EPS (diluted)
ALTO
ALTO
ATRO
ATRO
Q4 25
$0.28
$0.82
Q3 25
$0.19
$-0.31
Q2 25
$-0.15
$0.04
Q1 25
$-0.16
$0.26
Q4 24
$-0.56
$-0.07
Q3 24
$-0.04
$-0.34
Q2 24
$-0.05
$0.04
Q1 24
$-0.17
$-0.09

Balance Sheet & Financial Strength

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

Metric
ALTO
ALTO
ATRO
ATRO
Cash + ST InvestmentsLiquidity on hand
$23.4M
$18.2M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$245.2M
$140.1M
Total Assets
$388.8M
$706.7M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
ATRO
ATRO
Q4 25
$23.4M
$18.2M
Q3 25
$32.5M
$13.5M
Q2 25
$29.8M
$13.5M
Q1 25
$26.8M
$24.8M
Q4 24
$35.5M
$9.3M
Q3 24
$33.6M
$5.2M
Q2 24
$27.1M
$2.9M
Q1 24
$29.3M
$5.3M
Total Debt
ALTO
ALTO
ATRO
ATRO
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
ATRO
ATRO
Q4 25
$245.2M
$140.1M
Q3 25
$222.4M
$108.9M
Q2 25
$207.8M
$271.6M
Q1 25
$213.9M
$266.8M
Q4 24
$225.1M
$256.1M
Q3 24
$263.9M
$249.2M
Q2 24
$265.8M
$257.9M
Q1 24
$268.7M
$251.7M
Total Assets
ALTO
ALTO
ATRO
ATRO
Q4 25
$388.8M
$706.7M
Q3 25
$388.5M
$682.2M
Q2 25
$393.1M
$646.7M
Q1 25
$402.2M
$662.2M
Q4 24
$401.4M
$648.8M
Q3 24
$417.4M
$651.6M
Q2 24
$432.5M
$644.9M
Q1 24
$434.6M
$630.0M
Debt / Equity
ALTO
ALTO
ATRO
ATRO
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
ATRO
ATRO
Operating Cash FlowLast quarter
$9.5M
$27.6M
Free Cash FlowOCF − Capex
$7.6M
$15.8M
FCF MarginFCF / Revenue
3.3%
6.6%
Capex IntensityCapex / Revenue
0.8%
4.9%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$43.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
ATRO
ATRO
Q4 25
$9.5M
$27.6M
Q3 25
$22.8M
$34.2M
Q2 25
$-848.0K
$-7.6M
Q1 25
$-18.2M
$20.6M
Q4 24
$-9.8M
$26.4M
Q3 24
$18.6M
$8.4M
Q2 24
$-13.7M
$-6.3M
Q1 24
$1.4M
$2.0M
Free Cash Flow
ALTO
ALTO
ATRO
ATRO
Q4 25
$7.6M
$15.8M
Q3 25
$21.2M
$21.0M
Q2 25
$-1.3M
$-12.2M
Q1 25
$-18.8M
$18.5M
Q4 24
$-11.1M
$23.2M
Q3 24
$18.1M
$6.5M
Q2 24
$-18.4M
$-8.1M
Q1 24
$-3.2M
$439.0K
FCF Margin
ALTO
ALTO
ATRO
ATRO
Q4 25
3.3%
6.6%
Q3 25
8.8%
9.9%
Q2 25
-0.6%
-6.0%
Q1 25
-8.3%
9.0%
Q4 24
-4.7%
11.1%
Q3 24
7.2%
3.2%
Q2 24
-7.8%
-4.1%
Q1 24
-1.3%
0.2%
Capex Intensity
ALTO
ALTO
ATRO
ATRO
Q4 25
0.8%
4.9%
Q3 25
0.7%
6.2%
Q2 25
0.2%
2.2%
Q1 25
0.2%
1.0%
Q4 24
0.5%
1.5%
Q3 24
0.2%
0.9%
Q2 24
2.0%
0.9%
Q1 24
1.9%
0.9%
Cash Conversion
ALTO
ALTO
ATRO
ATRO
Q4 25
0.44×
Q3 25
1.60×
Q2 25
-5.81×
Q1 25
2.17×
Q4 24
Q3 24
Q2 24
-4.08×
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%

ATRO
ATRO

Product Line Electrical Power And Motion$113.8M47%
Product Line Avionics$32.0M13%
Military Aircraft$28.0M12%
General Aviation$22.3M9%
Government And Defense$20.5M9%
Product Line Systems Certification$13.2M6%
Product Line Structures$3.7M2%
Product Line Other$2.3M1%

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