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

VNET Group, Inc. is the larger business by last-quarter revenue ($362.7M vs $232.0M, roughly 1.6× Alto Ingredients, Inc.). Alto Ingredients, Inc. runs the higher net margin — 9.4% vs -10.7%, a 20.1% gap on every dollar of revenue. Alto Ingredients, Inc. produced more free cash flow last quarter ($7.6M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% 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...

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

ALTO vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.6× larger
VNET
$362.7M
$232.0M
ALTO
Higher net margin
ALTO
ALTO
20.1% more per $
ALTO
9.4%
-10.7%
VNET
More free cash flow
ALTO
ALTO
$200.7M more FCF
ALTO
$7.6M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
-1.8%
ALTO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ALTO
ALTO
VNET
VNET
Revenue
$232.0M
$362.7M
Net Profit
$21.8M
$-38.7M
Gross Margin
6.5%
20.9%
Operating Margin
3.2%
0.5%
Net Margin
9.4%
-10.7%
Revenue YoY
-1.9%
Net Profit YoY
152.3%
EPS (diluted)
$0.28

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
VNET
VNET
Q4 25
$232.0M
Q3 25
$241.0M
$362.7M
Q2 25
$218.4M
Q1 25
$226.5M
$309.5M
Q4 24
$236.3M
Q3 24
$251.8M
$302.2M
Q2 24
$236.5M
$274.4M
Q1 24
$240.6M
$262.9M
Net Profit
ALTO
ALTO
VNET
VNET
Q4 25
$21.8M
Q3 25
$14.2M
$-38.7M
Q2 25
$-11.0M
Q1 25
$-11.7M
$-2.4M
Q4 24
$-41.7M
Q3 24
$-2.4M
$-2.1M
Q2 24
$-3.1M
$-1.1M
Q1 24
$-11.7M
$-22.0M
Gross Margin
ALTO
ALTO
VNET
VNET
Q4 25
6.5%
Q3 25
9.7%
20.9%
Q2 25
-0.9%
Q1 25
-0.8%
25.2%
Q4 24
-0.6%
Q3 24
2.4%
23.2%
Q2 24
3.2%
21.3%
Q1 24
-1.0%
21.6%
Operating Margin
ALTO
ALTO
VNET
VNET
Q4 25
3.2%
Q3 25
7.0%
0.5%
Q2 25
-3.7%
Q1 25
-4.0%
0.1%
Q4 24
-16.6%
Q3 24
-0.3%
24.5%
Q2 24
-0.6%
0.2%
Q1 24
-4.3%
0.2%
Net Margin
ALTO
ALTO
VNET
VNET
Q4 25
9.4%
Q3 25
5.9%
-10.7%
Q2 25
-5.0%
Q1 25
-5.2%
-0.8%
Q4 24
-17.6%
Q3 24
-1.0%
-0.7%
Q2 24
-1.3%
-0.4%
Q1 24
-4.9%
-8.4%
EPS (diluted)
ALTO
ALTO
VNET
VNET
Q4 25
$0.28
Q3 25
$0.19
Q2 25
$-0.15
Q1 25
$-0.16
Q4 24
$-0.56
Q3 24
$-0.04
Q2 24
$-0.05
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
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$23.4M
$492.1M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$245.2M
$890.8M
Total Assets
$388.8M
$6.1B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
VNET
VNET
Q4 25
$23.4M
Q3 25
$32.5M
$492.1M
Q2 25
$29.8M
Q1 25
$26.8M
$544.3M
Q4 24
$35.5M
Q3 24
$33.6M
$219.5M
Q2 24
$27.1M
$247.2M
Q1 24
$29.3M
$246.9M
Total Debt
ALTO
ALTO
VNET
VNET
Q4 25
$84.6M
Q3 25
$106.0M
Q2 25
$124.2M
Q1 25
$117.0M
Q4 24
$99.7M
Q3 24
$90.6M
$1.2B
Q2 24
$98.6M
Q1 24
$92.2M
Stockholders' Equity
ALTO
ALTO
VNET
VNET
Q4 25
$245.2M
Q3 25
$222.4M
$890.8M
Q2 25
$207.8M
Q1 25
$213.9M
$927.8M
Q4 24
$225.1M
Q3 24
$263.9M
$902.9M
Q2 24
$265.8M
$900.6M
Q1 24
$268.7M
$895.1M
Total Assets
ALTO
ALTO
VNET
VNET
Q4 25
$388.8M
Q3 25
$388.5M
$6.1B
Q2 25
$393.1M
Q1 25
$402.2M
$5.4B
Q4 24
$401.4M
Q3 24
$417.4M
$4.3B
Q2 24
$432.5M
$4.0B
Q1 24
$434.6M
$3.9B
Debt / Equity
ALTO
ALTO
VNET
VNET
Q4 25
0.34×
Q3 25
0.48×
Q2 25
0.60×
Q1 25
0.55×
Q4 24
0.44×
Q3 24
0.34×
1.28×
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
VNET
VNET
Operating Cash FlowLast quarter
$9.5M
$113.8M
Free Cash FlowOCF − Capex
$7.6M
$-193.1M
FCF MarginFCF / Revenue
3.3%
-53.2%
Capex IntensityCapex / Revenue
0.8%
84.6%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
VNET
VNET
Q4 25
$9.5M
Q3 25
$22.8M
$113.8M
Q2 25
$-848.0K
Q1 25
$-18.2M
$27.0M
Q4 24
$-9.8M
Q3 24
$18.6M
$108.3M
Q2 24
$-13.7M
$55.8M
Q1 24
$1.4M
$37.1M
Free Cash Flow
ALTO
ALTO
VNET
VNET
Q4 25
$7.6M
Q3 25
$21.2M
$-193.1M
Q2 25
$-1.3M
Q1 25
$-18.8M
$-220.0M
Q4 24
$-11.1M
Q3 24
$18.1M
$-95.0M
Q2 24
$-18.4M
$-81.6M
Q1 24
$-3.2M
$-102.2M
FCF Margin
ALTO
ALTO
VNET
VNET
Q4 25
3.3%
Q3 25
8.8%
-53.2%
Q2 25
-0.6%
Q1 25
-8.3%
-71.1%
Q4 24
-4.7%
Q3 24
7.2%
-31.4%
Q2 24
-7.8%
-29.8%
Q1 24
-1.3%
-38.9%
Capex Intensity
ALTO
ALTO
VNET
VNET
Q4 25
0.8%
Q3 25
0.7%
84.6%
Q2 25
0.2%
Q1 25
0.2%
79.8%
Q4 24
0.5%
Q3 24
0.2%
67.3%
Q2 24
2.0%
50.1%
Q1 24
1.9%
53.0%
Cash Conversion
ALTO
ALTO
VNET
VNET
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%

VNET
VNET

Segment breakdown not available.

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