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

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $232.0M, roughly 1.4× Alto Ingredients, Inc.). Alto Ingredients, Inc. runs the higher net margin — 9.4% vs -21.4%, a 30.8% gap on every dollar of revenue. On growth, ECARX Holdings Inc. posted the faster year-over-year revenue change (6.5% vs -1.9%). Alto Ingredients, Inc. produced more free cash flow last quarter ($7.6M vs $-86.5M).

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...

ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.

ALTO vs ECX — Head-to-Head

Bigger by revenue
ECX
ECX
1.4× larger
ECX
$323.3M
$232.0M
ALTO
Growing faster (revenue YoY)
ECX
ECX
+8.4% gap
ECX
6.5%
-1.9%
ALTO
Higher net margin
ALTO
ALTO
30.8% more per $
ALTO
9.4%
-21.4%
ECX
More free cash flow
ALTO
ALTO
$94.1M more FCF
ALTO
$7.6M
$-86.5M
ECX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ALTO
ALTO
ECX
ECX
Revenue
$232.0M
$323.3M
Net Profit
$21.8M
$-69.1M
Gross Margin
6.5%
15.5%
Operating Margin
3.2%
-20.2%
Net Margin
9.4%
-21.4%
Revenue YoY
-1.9%
6.5%
Net Profit YoY
152.3%
12.8%
EPS (diluted)
$0.28
$-0.20

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
ECX
ECX
Q4 25
$232.0M
Q3 25
$241.0M
Q2 25
$218.4M
$323.3M
Q1 25
$226.5M
Q4 24
$236.3M
Q3 24
$251.8M
Q2 24
$236.5M
$303.5M
Q1 24
$240.6M
Net Profit
ALTO
ALTO
ECX
ECX
Q4 25
$21.8M
Q3 25
$14.2M
Q2 25
$-11.0M
$-69.1M
Q1 25
$-11.7M
Q4 24
$-41.7M
Q3 24
$-2.4M
Q2 24
$-3.1M
$-79.2M
Q1 24
$-11.7M
Gross Margin
ALTO
ALTO
ECX
ECX
Q4 25
6.5%
Q3 25
9.7%
Q2 25
-0.9%
15.5%
Q1 25
-0.8%
Q4 24
-0.6%
Q3 24
2.4%
Q2 24
3.2%
22.6%
Q1 24
-1.0%
Operating Margin
ALTO
ALTO
ECX
ECX
Q4 25
3.2%
Q3 25
7.0%
Q2 25
-3.7%
-20.2%
Q1 25
-4.0%
Q4 24
-16.6%
Q3 24
-0.3%
Q2 24
-0.6%
-22.2%
Q1 24
-4.3%
Net Margin
ALTO
ALTO
ECX
ECX
Q4 25
9.4%
Q3 25
5.9%
Q2 25
-5.0%
-21.4%
Q1 25
-5.2%
Q4 24
-17.6%
Q3 24
-1.0%
Q2 24
-1.3%
-26.1%
Q1 24
-4.9%
EPS (diluted)
ALTO
ALTO
ECX
ECX
Q4 25
$0.28
Q3 25
$0.19
Q2 25
$-0.15
$-0.20
Q1 25
$-0.16
Q4 24
$-0.56
Q3 24
$-0.04
Q2 24
$-0.05
$-0.23
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
ECX
ECX
Cash + ST InvestmentsLiquidity on hand
$23.4M
$86.2M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$245.2M
$-293.7M
Total Assets
$388.8M
$494.9M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
ECX
ECX
Q4 25
$23.4M
Q3 25
$32.5M
Q2 25
$29.8M
$86.2M
Q1 25
$26.8M
Q4 24
$35.5M
Q3 24
$33.6M
Q2 24
$27.1M
$108.4M
Q1 24
$29.3M
Total Debt
ALTO
ALTO
ECX
ECX
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
ECX
ECX
Q4 25
$245.2M
Q3 25
$222.4M
Q2 25
$207.8M
$-293.7M
Q1 25
$213.9M
Q4 24
$225.1M
Q3 24
$263.9M
Q2 24
$265.8M
$-198.5M
Q1 24
$268.7M
Total Assets
ALTO
ALTO
ECX
ECX
Q4 25
$388.8M
Q3 25
$388.5M
Q2 25
$393.1M
$494.9M
Q1 25
$402.2M
Q4 24
$401.4M
Q3 24
$417.4M
Q2 24
$432.5M
$555.0M
Q1 24
$434.6M
Debt / Equity
ALTO
ALTO
ECX
ECX
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
ECX
ECX
Operating Cash FlowLast quarter
$9.5M
$-82.0M
Free Cash FlowOCF − Capex
$7.6M
$-86.5M
FCF MarginFCF / Revenue
3.3%
-26.7%
Capex IntensityCapex / Revenue
0.8%
1.4%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
ECX
ECX
Q4 25
$9.5M
Q3 25
$22.8M
Q2 25
$-848.0K
$-82.0M
Q1 25
$-18.2M
Q4 24
$-9.8M
Q3 24
$18.6M
Q2 24
$-13.7M
$-57.1M
Q1 24
$1.4M
Free Cash Flow
ALTO
ALTO
ECX
ECX
Q4 25
$7.6M
Q3 25
$21.2M
Q2 25
$-1.3M
$-86.5M
Q1 25
$-18.8M
Q4 24
$-11.1M
Q3 24
$18.1M
Q2 24
$-18.4M
$-64.9M
Q1 24
$-3.2M
FCF Margin
ALTO
ALTO
ECX
ECX
Q4 25
3.3%
Q3 25
8.8%
Q2 25
-0.6%
-26.7%
Q1 25
-8.3%
Q4 24
-4.7%
Q3 24
7.2%
Q2 24
-7.8%
-21.4%
Q1 24
-1.3%
Capex Intensity
ALTO
ALTO
ECX
ECX
Q4 25
0.8%
Q3 25
0.7%
Q2 25
0.2%
1.4%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
2.0%
2.6%
Q1 24
1.9%
Cash Conversion
ALTO
ALTO
ECX
ECX
Q4 25
0.44×
Q3 25
1.60×
Q2 25
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%

ECX
ECX

Segment breakdown not available.

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