Pekin Campus Sales was Alto Ingredients’s largest segment in fiscal 2025, bringing in $591.49M of $935.78M (63%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Production | — | — | — | ||||
| Ethanol Production | — | — | — | ||||
| Pekin Campus Sales | $721.35M | $586.26M | $591.49M | ||||
| Total Marketing & Distribution Sales | $274.61M | $227.36M | $231.13M | ||||
| Total Western Production Sales | $224.37M | $152.22M | $100.55M | ||||
| Marketing & Distribution | $11.65M | $10.83M | $9.83M | ||||
| Pekin Campus Production, Recorded As Gross | $1.43M | $1.24M | $1.09M | ||||
| Western Production, Recorded As Gross | $134.00K | -$122.00K | $1.70M | ||||
| Total | $1.23B | $977.79M | $935.78M |
Alto Ingredients brought in $935.78M from its six segments in fiscal 2025, the year ended December 31, 2025. That was down 4.3% from $977.79M in fiscal 2024. Pekin Campus Sales was the largest at $591.49M (63.2%), ahead of Total Marketing & Distribution Sales at $231.13M (24.7%) and Total Western Production Sales at $100.55M (10.7%). The other three segments brought in $12.61M combined.
Compared with fiscal 2024, Total Marketing & Distribution Sales grew fastest, up 1.7% to $231.13M, while Total Western Production Sales fell the most, down 33.9% to $100.55M. From fiscal 2023 to 2025, combined revenue from these segments fell from $1.23B to $935.78M, a compound annual decline of 12.9%. Pekin Campus Sales' share of the total rose from 58.5% to 63.2%.
Ethanol Alcohol Sales was Alto Ingredients’s largest revenue line in fiscal 2025, bringing in $415.80M of $917.93M (45%).
| Consolidated Entities | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Ethanol Alcohol Sales | $521.27M | $502.22M | $415.71M | $415.80M |
| Essential Ingredient Sales | $316.08M | $274.97M | $206.26M | $206.15M |
| Alcohol Sales, Gross | $227.63M | $262.95M | $216.52M | $221.31M |
| Alcohol Sales | $253.61M | $166.97M | $115.39M | $67.30M |
| Corporate & Other | — | $15.83M | $11.37M | $7.37M |
| Alcohol Sales, Net | $1.23M | — | — | — |
| Total | $1.32B | $1.22B | $965.26M | $917.93M |
Alto Ingredients brought in $917.93M from its five revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 4.9% from $965.26M in fiscal 2024. Ethanol Alcohol Sales was the largest at $415.80M (45.3%), ahead of Alcohol Sales, Gross at $221.31M (24.1%) and Essential Ingredient Sales at $206.15M (22.5%). The other two revenue lines brought in $74.67M combined.
Compared with fiscal 2024, Alcohol Sales, Gross grew fastest, up 2.2% to $221.31M, while Alcohol Sales fell the most, down 41.7% to $67.30M.
Alto Ingredients began breaking out Corporate & Other in fiscal 2023, when it brought in $15.83M. Alto Ingredients stopped reporting Alcohol Sales, Net as a separate revenue line after fiscal 2022, when it brought in $1.23M.
Alcohol Sales was Alto Ingredients’s largest segment in fiscal 2020, bringing in $468.14M of $897.02M (52%).
| Subsegments | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|---|
| External Customers | — | — | — | — | ||
| Ethanol Alcohol | $845.69M | $859.82M | — | — | ||
| Alcohol Sales | — | — | $798.95M | $468.14M | ||
| Ethanol Alcohol Sales Member] | $527.87M | $357.01M | — | — | ||
| Co-Product Sales | $257.03M | $296.69M | — | — | ||
| Alcohol Sales, Gross | — | — | $355.10M | $256.21M | ||
| Essential Ingredient Sales | — | — | $269.00M | $171.15M | ||
| Intersubsegment Eliminations | $8.46M | $8.77M | — | — | ||
| Intersegment Net Sales | — | — | — | — | ||
| Ethanol Alcohol Sales Net Member] | $1.66M | $1.86M | — | — | ||
| Intersegment Sales | $1.90M | $2.00M | — | — | ||
| Alcohol Sales, Net | — | — | $1.83M | $1.53M | ||
| Total | $1.64B | $1.53B | $1.42B | $897.02M |
Alto Ingredients brought in $897.02M from its four segments in fiscal 2020, the year ended December 31, 2020. That was down 37.0% from $1.42B in fiscal 2019. Alcohol Sales was the largest at $468.14M (52.2%), ahead of Alcohol Sales, Gross at $256.21M (28.6%) and Essential Ingredient Sales at $171.15M (19.1%). The remaining segment, Alcohol Sales, Net, brought in $1.53M.
Compared with fiscal 2019, every segment above 2% of revenue shrank. Alcohol Sales, Gross held up best, down 27.8% to $256.21M, and Alcohol Sales fell the most, down 41.4% to $468.14M.
Alto Ingredients began breaking out Alcohol Sales in fiscal 2019, Alcohol Sales, Gross in fiscal 2019, Essential Ingredient Sales in fiscal 2019 and Alcohol Sales, Net in fiscal 2019. Alto Ingredients stopped reporting Ethanol Alcohol ($859.82M in fiscal 2018), Ethanol Alcohol Sales Member] ($357.01M in fiscal 2018), Co-Product Sales ($296.69M in fiscal 2018) and three others as separate segments.
Alto Ingredients (ALTO) reports its revenue by segment, by consolidated entities and by subsegments. In fiscal 2025, Pekin Campus Sales was its largest segment, bringing in $591.49M (63.2% of the total), followed by Total Marketing & Distribution Sales at $231.13M (24.7%).
Pekin Campus Sales was Alto Ingredients' largest segment in fiscal 2025, bringing in $591.49M, or 63.2% of the $935.78M total across its six segments.
Ethanol Alcohol Sales was Alto Ingredients' largest revenue line in fiscal 2025, bringing in $415.80M, or 45.3% of the $917.93M total across its five revenue lines.
Among Alto Ingredients' segments that make up at least 2% of revenue, Total Marketing & Distribution Sales grew fastest in fiscal 2025, up 1.7% from $227.36M to $231.13M.
Every figure comes from Alto Ingredients' annual financial filings, as reported. Each line keeps the name Alto Ingredients gives it, and years follow its fiscal calendar.
Alto Ingredients' revenue by segment goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.