Alto Ingredients vs Hawkins
Hawkins is the larger business, with $1.08bn of revenue in fiscal 2026 against $918m for Alto Ingredients (1.2 times as much). Hawkins grew faster (11.2% against -4.9%). Hawkins kept more of each dollar of sales as profit: a net margin of 7.5% against 1.5%.
| Latest fiscal year | Alto IngredientsALTO, 2025 | HawkinsHWKN, 2026 |
|---|---|---|
| Revenue | $918m | $1.08bn |
| Revenue growth | -4.9% | 11.2% |
| Net income | $13.3m | $81.5m |
| Operating margin | — | — |
| Net margin | 1.5% | 7.5% |
| Return on equity | 5.7% | 16.4% |
| Free cash flow | $8.6m | $86.1m |
| Cash | $23.4m | $3.9m |
| Total debt | $84.6m | $244m |
| Debt to equity | — | — |
| Dividend per share | — | $0.75 |
| Dividend yield | — | 0.5% |
| Share buybacks | — | $0 |
| Employees | 390 | 1,200 |
| Market value | $275m | $3.19bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 34 (Weak) | 51 (Moderate) |
| Insider trades, 12 months | 4 buys, 0 sales | 5 buys, 0 sales |