Alto Ingredients vs Perimeter Solutions
Alto Ingredients is the larger business, with $918m of revenue in fiscal 2025 against $653m for Perimeter Solutions (1.4 times as much). Perimeter Solutions grew faster (16.4% against -4.9%). Alto Ingredients kept more of each dollar of sales as profit: a net margin of 1.5% against -31.6%.
| Latest fiscal year | Alto IngredientsALTO, 2025 | Perimeter SolutionsPRM, 2025 |
|---|---|---|
| Revenue | $918m | $653m |
| Revenue growth | -4.9% | 16.4% |
| Net income | $13.3m | −$206m |
| Operating margin | — | -30.8% |
| Net margin | 1.5% | -31.6% |
| Return on equity | 5.7% | -18.0% |
| Free cash flow | $8.6m | $209m |
| Cash | $23.4m | $326m |
| Total debt | $84.6m | $675m |
| Debt to equity | — | 59.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $40.4m |
| Employees | 390 | 356 |
| Market value | $275m | $4.68bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 34 (Weak) | — |
| Insider trades, 12 months | 4 buys, 0 sales | 0 buys, 35 sales |