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

Alto Ingredients, Inc. is the larger business by last-quarter revenue ($232.0M vs $193.3M, roughly 1.2× Montrose Environmental Group, Inc.). Alto Ingredients, Inc. runs the higher net margin — 9.4% vs -4.3%, a 13.7% gap on every dollar of revenue. On growth, Montrose Environmental Group, Inc. posted the faster year-over-year revenue change (2.2% vs -1.9%). Montrose Environmental Group, Inc. produced more free cash flow last quarter ($46.5M vs $7.6M). Over the past eight quarters, Montrose Environmental Group, Inc.'s revenue compounded faster (11.5% 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...

Montrose Environmental Group, Inc. is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.

ALTO vs MEG — Head-to-Head

Bigger by revenue
ALTO
ALTO
1.2× larger
ALTO
$232.0M
$193.3M
MEG
Growing faster (revenue YoY)
MEG
MEG
+4.1% gap
MEG
2.2%
-1.9%
ALTO
Higher net margin
ALTO
ALTO
13.7% more per $
ALTO
9.4%
-4.3%
MEG
More free cash flow
MEG
MEG
$39.0M more FCF
MEG
$46.5M
$7.6M
ALTO
Faster 2-yr revenue CAGR
MEG
MEG
Annualised
MEG
11.5%
-1.8%
ALTO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALTO
ALTO
MEG
MEG
Revenue
$232.0M
$193.3M
Net Profit
$21.8M
$-8.2M
Gross Margin
6.5%
38.6%
Operating Margin
3.2%
-1.3%
Net Margin
9.4%
-4.3%
Revenue YoY
-1.9%
2.2%
Net Profit YoY
152.3%
70.9%
EPS (diluted)
$0.28
$-0.13

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
MEG
MEG
Q4 25
$232.0M
$193.3M
Q3 25
$241.0M
$224.9M
Q2 25
$218.4M
$234.5M
Q1 25
$226.5M
$177.8M
Q4 24
$236.3M
$189.1M
Q3 24
$251.8M
$178.7M
Q2 24
$236.5M
$173.3M
Q1 24
$240.6M
$155.3M
Net Profit
ALTO
ALTO
MEG
MEG
Q4 25
$21.8M
$-8.2M
Q3 25
$14.2M
$8.4M
Q2 25
$-11.0M
$18.4M
Q1 25
$-11.7M
$-19.4M
Q4 24
$-41.7M
$-28.2M
Q3 24
$-2.4M
$-10.6M
Q2 24
$-3.1M
$-10.2M
Q1 24
$-11.7M
$-13.4M
Gross Margin
ALTO
ALTO
MEG
MEG
Q4 25
6.5%
38.6%
Q3 25
9.7%
39.4%
Q2 25
-0.9%
43.4%
Q1 25
-0.8%
39.0%
Q4 24
-0.6%
40.8%
Q3 24
2.4%
40.9%
Q2 24
3.2%
39.9%
Q1 24
-1.0%
37.8%
Operating Margin
ALTO
ALTO
MEG
MEG
Q4 25
3.2%
-1.3%
Q3 25
7.0%
4.4%
Q2 25
-3.7%
6.4%
Q1 25
-4.0%
-5.9%
Q4 24
-16.6%
-12.1%
Q3 24
-0.3%
-0.6%
Q2 24
-0.6%
-1.5%
Q1 24
-4.3%
-6.5%
Net Margin
ALTO
ALTO
MEG
MEG
Q4 25
9.4%
-4.3%
Q3 25
5.9%
3.7%
Q2 25
-5.0%
7.8%
Q1 25
-5.2%
-10.9%
Q4 24
-17.6%
-14.9%
Q3 24
-1.0%
-5.9%
Q2 24
-1.3%
-5.9%
Q1 24
-4.9%
-8.6%
EPS (diluted)
ALTO
ALTO
MEG
MEG
Q4 25
$0.28
$-0.13
Q3 25
$0.19
$0.21
Q2 25
$-0.15
$0.42
Q1 25
$-0.16
$-0.64
Q4 24
$-0.56
$-0.91
Q3 24
$-0.04
$-0.39
Q2 24
$-0.05
$-0.39
Q1 24
$-0.17
$-0.53

Balance Sheet & Financial Strength

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

Metric
ALTO
ALTO
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$23.4M
$11.2M
Total DebtLower is stronger
$84.6M
$277.1M
Stockholders' EquityBook value
$245.2M
$451.2M
Total Assets
$388.8M
$981.3M
Debt / EquityLower = less leverage
0.34×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
MEG
MEG
Q4 25
$23.4M
$11.2M
Q3 25
$32.5M
$6.7M
Q2 25
$29.8M
$10.5M
Q1 25
$26.8M
$30.3M
Q4 24
$35.5M
$12.9M
Q3 24
$33.6M
$13.0M
Q2 24
$27.1M
$16.9M
Q1 24
$29.3M
$9.5M
Total Debt
ALTO
ALTO
MEG
MEG
Q4 25
$84.6M
$277.1M
Q3 25
$106.0M
$302.4M
Q2 25
$124.2M
$264.6M
Q1 25
$117.0M
$235.6M
Q4 24
$99.7M
$204.8M
Q3 24
$90.6M
$233.0M
Q2 24
$98.6M
$188.7M
Q1 24
$92.2M
$280.9M
Stockholders' Equity
ALTO
ALTO
MEG
MEG
Q4 25
$245.2M
$451.2M
Q3 25
$222.4M
$458.7M
Q2 25
$207.8M
$470.3M
Q1 25
$213.9M
$444.1M
Q4 24
$225.1M
$446.3M
Q3 24
$263.9M
$449.2M
Q2 24
$265.8M
$448.8M
Q1 24
$268.7M
$324.5M
Total Assets
ALTO
ALTO
MEG
MEG
Q4 25
$388.8M
$981.3M
Q3 25
$388.5M
$985.7M
Q2 25
$393.1M
$998.1M
Q1 25
$402.2M
$992.2M
Q4 24
$401.4M
$990.4M
Q3 24
$417.4M
$1.0B
Q2 24
$432.5M
$943.9M
Q1 24
$434.6M
$918.1M
Debt / Equity
ALTO
ALTO
MEG
MEG
Q4 25
0.34×
0.61×
Q3 25
0.48×
0.66×
Q2 25
0.60×
0.56×
Q1 25
0.55×
0.53×
Q4 24
0.44×
0.46×
Q3 24
0.34×
0.52×
Q2 24
0.37×
0.42×
Q1 24
0.34×
0.87×

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
MEG
MEG
Operating Cash FlowLast quarter
$9.5M
$51.9M
Free Cash FlowOCF − Capex
$7.6M
$46.5M
FCF MarginFCF / Revenue
3.3%
24.1%
Capex IntensityCapex / Revenue
0.8%
2.8%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
MEG
MEG
Q4 25
$9.5M
$51.9M
Q3 25
$22.8M
$28.1M
Q2 25
$-848.0K
$21.9M
Q1 25
$-18.2M
$5.5M
Q4 24
$-9.8M
$32.0M
Q3 24
$18.6M
$11.4M
Q2 24
$-13.7M
$894.0K
Q1 24
$1.4M
$-22.0M
Free Cash Flow
ALTO
ALTO
MEG
MEG
Q4 25
$7.6M
$46.5M
Q3 25
$21.2M
$22.3M
Q2 25
$-1.3M
$19.9M
Q1 25
$-18.8M
$2.4M
Q4 24
$-11.1M
$29.7M
Q3 24
$18.1M
$10.2M
Q2 24
$-18.4M
$-9.8M
Q1 24
$-3.2M
$-29.3M
FCF Margin
ALTO
ALTO
MEG
MEG
Q4 25
3.3%
24.1%
Q3 25
8.8%
9.9%
Q2 25
-0.6%
8.5%
Q1 25
-8.3%
1.3%
Q4 24
-4.7%
15.7%
Q3 24
7.2%
5.7%
Q2 24
-7.8%
-5.6%
Q1 24
-1.3%
-18.9%
Capex Intensity
ALTO
ALTO
MEG
MEG
Q4 25
0.8%
2.8%
Q3 25
0.7%
2.6%
Q2 25
0.2%
0.8%
Q1 25
0.2%
1.8%
Q4 24
0.5%
1.2%
Q3 24
0.2%
0.6%
Q2 24
2.0%
6.1%
Q1 24
1.9%
4.7%
Cash Conversion
ALTO
ALTO
MEG
MEG
Q4 25
0.44×
Q3 25
1.60×
3.36×
Q2 25
1.19×
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%

MEG
MEG

Segment breakdown not available.

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