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

AZZ INC is the larger business by last-quarter revenue ($385.1M vs $232.0M, roughly 1.7× Alto Ingredients, Inc.). Alto Ingredients, Inc. runs the higher net margin — 9.4% vs 4.1%, a 5.3% gap on every dollar of revenue. On growth, AZZ INC posted the faster year-over-year revenue change (9.4% vs -1.9%). Over the past eight quarters, Alto Ingredients, Inc.'s revenue compounded faster (-1.8% CAGR vs -3.5%).

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...

AZZ Inc. is a leading global provider of metal protection solutions including hot-dip galvanizing, surface coating services, and specialized electrical and industrial components. It primarily serves the construction, energy, infrastructure, and manufacturing sectors across North America and key international markets.

ALTO vs AZZ — Head-to-Head

Bigger by revenue
AZZ
AZZ
1.7× larger
AZZ
$385.1M
$232.0M
ALTO
Growing faster (revenue YoY)
AZZ
AZZ
+11.3% gap
AZZ
9.4%
-1.9%
ALTO
Higher net margin
ALTO
ALTO
5.3% more per $
ALTO
9.4%
4.1%
AZZ
Faster 2-yr revenue CAGR
ALTO
ALTO
Annualised
ALTO
-1.8%
-3.5%
AZZ

Income Statement — Q4 FY2025 vs Q4 FY2027

Metric
ALTO
ALTO
AZZ
AZZ
Revenue
$232.0M
$385.1M
Net Profit
$21.8M
$15.9M
Gross Margin
6.5%
22.7%
Operating Margin
3.2%
14.8%
Net Margin
9.4%
4.1%
Revenue YoY
-1.9%
9.4%
Net Profit YoY
152.3%
146.3%
EPS (diluted)
$0.28
$0.53

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
AZZ
AZZ
Q4 26
$385.1M
Q4 25
$232.0M
$425.7M
Q3 25
$241.0M
$417.3M
Q2 25
$218.4M
$422.0M
Q1 25
$226.5M
$351.9M
Q4 24
$236.3M
$403.7M
Q3 24
$251.8M
$409.0M
Q2 24
$236.5M
$413.2M
Net Profit
ALTO
ALTO
AZZ
AZZ
Q4 26
$15.9M
Q4 25
$21.8M
$41.1M
Q3 25
$14.2M
$89.3M
Q2 25
$-11.0M
$170.9M
Q1 25
$-11.7M
$20.2M
Q4 24
$-41.7M
$33.6M
Q3 24
$-2.4M
$35.4M
Q2 24
$-3.1M
$39.6M
Gross Margin
ALTO
ALTO
AZZ
AZZ
Q4 26
22.7%
Q4 25
6.5%
23.9%
Q3 25
9.7%
24.3%
Q2 25
-0.9%
24.7%
Q1 25
-0.8%
22.4%
Q4 24
-0.6%
24.2%
Q3 24
2.4%
25.3%
Q2 24
3.2%
24.8%
Operating Margin
ALTO
ALTO
AZZ
AZZ
Q4 26
14.8%
Q4 25
3.2%
16.3%
Q3 25
7.0%
16.4%
Q2 25
-3.7%
16.5%
Q1 25
-4.0%
11.5%
Q4 24
-16.6%
14.5%
Q3 24
-0.3%
16.5%
Q2 24
-0.6%
16.9%
Net Margin
ALTO
ALTO
AZZ
AZZ
Q4 26
4.1%
Q4 25
9.4%
9.6%
Q3 25
5.9%
21.4%
Q2 25
-5.0%
40.5%
Q1 25
-5.2%
5.7%
Q4 24
-17.6%
8.3%
Q3 24
-1.0%
8.7%
Q2 24
-1.3%
9.6%
EPS (diluted)
ALTO
ALTO
AZZ
AZZ
Q4 26
$0.53
Q4 25
$0.28
$1.36
Q3 25
$0.19
$2.95
Q2 25
$-0.15
$5.66
Q1 25
$-0.16
$0.87
Q4 24
$-0.56
$1.12
Q3 24
$-0.04
$1.18
Q2 24
$-0.05
$-1.38

Balance Sheet & Financial Strength

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

Metric
ALTO
ALTO
AZZ
AZZ
Cash + ST InvestmentsLiquidity on hand
$23.4M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$245.2M
$1.3B
Total Assets
$388.8M
$2.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
AZZ
AZZ
Q4 26
Q4 25
$23.4M
$623.0K
Q3 25
$32.5M
$897.0K
Q2 25
$29.8M
$3.0M
Q1 25
$26.8M
$1.5M
Q4 24
$35.5M
$1.5M
Q3 24
$33.6M
$2.2M
Q2 24
$27.1M
$10.5M
Total Debt
ALTO
ALTO
AZZ
AZZ
Q4 26
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
Stockholders' Equity
ALTO
ALTO
AZZ
AZZ
Q4 26
$1.3B
Q4 25
$245.2M
$1.3B
Q3 25
$222.4M
$1.3B
Q2 25
$207.8M
$1.2B
Q1 25
$213.9M
$1.0B
Q4 24
$225.1M
$1.0B
Q3 24
$263.9M
$999.8M
Q2 24
$265.8M
$967.2M
Total Assets
ALTO
ALTO
AZZ
AZZ
Q4 26
$2.2B
Q4 25
$388.8M
$2.2B
Q3 25
$388.5M
$2.2B
Q2 25
$393.1M
$2.2B
Q1 25
$402.2M
$2.2B
Q4 24
$401.4M
$2.2B
Q3 24
$417.4M
$2.2B
Q2 24
$432.5M
$2.2B
Debt / Equity
ALTO
ALTO
AZZ
AZZ
Q4 26
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×

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
AZZ
AZZ
Operating Cash FlowLast quarter
$9.5M
$525.4M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.44×
32.98×
TTM Free Cash FlowTrailing 4 quarters
$8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
AZZ
AZZ
Q4 26
$525.4M
Q4 25
$9.5M
$79.7M
Q3 25
$22.8M
$58.4M
Q2 25
$-848.0K
$314.8M
Q1 25
$-18.2M
Q4 24
$-9.8M
$66.2M
Q3 24
$18.6M
$47.5M
Q2 24
$-13.7M
$71.9M
Free Cash Flow
ALTO
ALTO
AZZ
AZZ
Q4 26
Q4 25
$7.6M
$61.2M
Q3 25
$21.2M
$39.1M
Q2 25
$-1.3M
$293.9M
Q1 25
$-18.8M
Q4 24
$-11.1M
$39.7M
Q3 24
$18.1M
$15.4M
Q2 24
$-18.4M
$44.5M
FCF Margin
ALTO
ALTO
AZZ
AZZ
Q4 26
Q4 25
3.3%
14.4%
Q3 25
8.8%
9.4%
Q2 25
-0.6%
69.6%
Q1 25
-8.3%
Q4 24
-4.7%
9.8%
Q3 24
7.2%
3.8%
Q2 24
-7.8%
10.8%
Capex Intensity
ALTO
ALTO
AZZ
AZZ
Q4 26
Q4 25
0.8%
4.4%
Q3 25
0.7%
4.6%
Q2 25
0.2%
5.0%
Q1 25
0.2%
8.5%
Q4 24
0.5%
6.6%
Q3 24
0.2%
7.8%
Q2 24
2.0%
6.6%
Cash Conversion
ALTO
ALTO
AZZ
AZZ
Q4 26
32.98×
Q4 25
0.44×
1.94×
Q3 25
1.60×
0.65×
Q2 25
1.84×
Q1 25
Q4 24
1.97×
Q3 24
1.34×
Q2 24
1.82×

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%

AZZ
AZZ

Precoat Metals$198.6M52%
Metal Coatings$186.5M48%

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