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

Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $232.0M, roughly 1.6× Alto Ingredients, Inc.). Alto Ingredients, Inc. runs the higher net margin — 9.4% vs -1.3%, a 10.7% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs -1.9%). Alto Ingredients, Inc. produced more free cash flow last quarter ($7.6M vs $-34.3M). Over the past eight quarters, Hillman Solutions Corp.'s revenue compounded faster (-1.2% 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...

Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.

ALTO vs HLMN — Head-to-Head

Bigger by revenue
HLMN
HLMN
1.6× larger
HLMN
$370.1M
$232.0M
ALTO
Growing faster (revenue YoY)
HLMN
HLMN
+4.8% gap
HLMN
3.0%
-1.9%
ALTO
Higher net margin
ALTO
ALTO
10.7% more per $
ALTO
9.4%
-1.3%
HLMN
More free cash flow
ALTO
ALTO
$41.9M more FCF
ALTO
$7.6M
$-34.3M
HLMN
Faster 2-yr revenue CAGR
HLMN
HLMN
Annualised
HLMN
-1.2%
-1.8%
ALTO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALTO
ALTO
HLMN
HLMN
Revenue
$232.0M
$370.1M
Net Profit
$21.8M
$-4.7M
Gross Margin
6.5%
Operating Margin
3.2%
1.9%
Net Margin
9.4%
-1.3%
Revenue YoY
-1.9%
3.0%
Net Profit YoY
152.3%
EPS (diluted)
$0.28
$-0.02

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
HLMN
HLMN
Q1 26
$370.1M
Q4 25
$232.0M
$365.1M
Q3 25
$241.0M
$424.9M
Q2 25
$218.4M
$402.8M
Q1 25
$226.5M
$359.3M
Q4 24
$236.3M
$349.6M
Q3 24
$251.8M
$393.3M
Q2 24
$236.5M
$379.4M
Net Profit
ALTO
ALTO
HLMN
HLMN
Q1 26
$-4.7M
Q4 25
$21.8M
$1.6M
Q3 25
$14.2M
$23.2M
Q2 25
$-11.0M
$15.8M
Q1 25
$-11.7M
$-317.0K
Q4 24
$-41.7M
$-1.2M
Q3 24
$-2.4M
$7.4M
Q2 24
$-3.1M
$12.5M
Gross Margin
ALTO
ALTO
HLMN
HLMN
Q1 26
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%
Operating Margin
ALTO
ALTO
HLMN
HLMN
Q1 26
1.9%
Q4 25
3.2%
4.6%
Q3 25
7.0%
10.8%
Q2 25
-3.7%
9.0%
Q1 25
-4.0%
4.2%
Q4 24
-16.6%
4.0%
Q3 24
-0.3%
6.8%
Q2 24
-0.6%
8.3%
Net Margin
ALTO
ALTO
HLMN
HLMN
Q1 26
-1.3%
Q4 25
9.4%
0.4%
Q3 25
5.9%
5.5%
Q2 25
-5.0%
3.9%
Q1 25
-5.2%
-0.1%
Q4 24
-17.6%
-0.3%
Q3 24
-1.0%
1.9%
Q2 24
-1.3%
3.3%
EPS (diluted)
ALTO
ALTO
HLMN
HLMN
Q1 26
$-0.02
Q4 25
$0.28
$0.00
Q3 25
$0.19
$0.12
Q2 25
$-0.15
$0.08
Q1 25
$-0.16
$0.00
Q4 24
$-0.56
$-0.00
Q3 24
$-0.04
$0.04
Q2 24
$-0.05
$0.06

Balance Sheet & Financial Strength

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

Metric
ALTO
ALTO
HLMN
HLMN
Cash + ST InvestmentsLiquidity on hand
$23.4M
$27.7M
Total DebtLower is stronger
$84.6M
$714.1M
Stockholders' EquityBook value
$245.2M
$1.2B
Total Assets
$388.8M
$2.4B
Debt / EquityLower = less leverage
0.34×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
HLMN
HLMN
Q1 26
$27.7M
Q4 25
$23.4M
$27.3M
Q3 25
$32.5M
$37.7M
Q2 25
$29.8M
$34.2M
Q1 25
$26.8M
$36.3M
Q4 24
$35.5M
$44.5M
Q3 24
$33.6M
$59.8M
Q2 24
$27.1M
$54.0M
Total Debt
ALTO
ALTO
HLMN
HLMN
Q1 26
$714.1M
Q4 25
$84.6M
$668.3M
Q3 25
$106.0M
$683.2M
Q2 25
$124.2M
$683.1M
Q1 25
$117.0M
$713.5M
Q4 24
$99.7M
$691.7M
Q3 24
$90.6M
$730.7M
Q2 24
$98.6M
$732.1M
Stockholders' Equity
ALTO
ALTO
HLMN
HLMN
Q1 26
$1.2B
Q4 25
$245.2M
$1.2B
Q3 25
$222.4M
$1.2B
Q2 25
$207.8M
$1.2B
Q1 25
$213.9M
$1.2B
Q4 24
$225.1M
$1.2B
Q3 24
$263.9M
$1.2B
Q2 24
$265.8M
$1.2B
Total Assets
ALTO
ALTO
HLMN
HLMN
Q1 26
$2.4B
Q4 25
$388.8M
$2.4B
Q3 25
$388.5M
$2.4B
Q2 25
$393.1M
$2.4B
Q1 25
$402.2M
$2.3B
Q4 24
$401.4M
$2.3B
Q3 24
$417.4M
$2.4B
Q2 24
$432.5M
$2.4B
Debt / Equity
ALTO
ALTO
HLMN
HLMN
Q1 26
0.59×
Q4 25
0.34×
0.54×
Q3 25
0.48×
0.56×
Q2 25
0.60×
0.57×
Q1 25
0.55×
0.60×
Q4 24
0.44×
0.59×
Q3 24
0.34×
0.62×
Q2 24
0.37×
0.62×

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
HLMN
HLMN
Operating Cash FlowLast quarter
$9.5M
Free Cash FlowOCF − Capex
$7.6M
$-34.3M
FCF MarginFCF / Revenue
3.3%
-9.3%
Capex IntensityCapex / Revenue
0.8%
4.0%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
HLMN
HLMN
Q1 26
Q4 25
$9.5M
$30.9M
Q3 25
$22.8M
$26.2M
Q2 25
$-848.0K
$48.7M
Q1 25
$-18.2M
$-655.0K
Q4 24
$-9.8M
$43.1M
Q3 24
$18.6M
$63.7M
Q2 24
$-13.7M
$64.8M
Free Cash Flow
ALTO
ALTO
HLMN
HLMN
Q1 26
$-34.3M
Q4 25
$7.6M
$16.1M
Q3 25
$21.2M
$9.1M
Q2 25
$-1.3M
$31.2M
Q1 25
$-18.8M
$-21.3M
Q4 24
$-11.1M
$22.1M
Q3 24
$18.1M
$39.6M
Q2 24
$-18.4M
$42.5M
FCF Margin
ALTO
ALTO
HLMN
HLMN
Q1 26
-9.3%
Q4 25
3.3%
4.4%
Q3 25
8.8%
2.1%
Q2 25
-0.6%
7.7%
Q1 25
-8.3%
-5.9%
Q4 24
-4.7%
6.3%
Q3 24
7.2%
10.1%
Q2 24
-7.8%
11.2%
Capex Intensity
ALTO
ALTO
HLMN
HLMN
Q1 26
4.0%
Q4 25
0.8%
4.0%
Q3 25
0.7%
4.0%
Q2 25
0.2%
4.3%
Q1 25
0.2%
5.7%
Q4 24
0.5%
6.0%
Q3 24
0.2%
6.1%
Q2 24
2.0%
5.9%
Cash Conversion
ALTO
ALTO
HLMN
HLMN
Q1 26
Q4 25
0.44×
19.33×
Q3 25
1.60×
1.13×
Q2 25
3.08×
Q1 25
Q4 24
Q3 24
8.57×
Q2 24
5.17×

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%

HLMN
HLMN

Segment breakdown not available.

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