HIGHBuilt-inCommodity
corn-based alcohol production
“10-K Item 1A: 'We produce our alcohols from corn and our plants are constructed and operate primarily as corn-based alcohol production facilities.'”
ALTO · Concentration risk · 10-K extracted
Alto Ingredients (ALTO) concentration risks
Updated
The most significant concentration Alto Ingredients discloses is corn-based alcohol production, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Alto Ingredients’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Alto Ingredients' concentration risk is fundamentally a feedstock and process story rather than a customer or geographic one. The company produces its alcohols from corn, and its plants are constructed and operate primarily as corn-based alcohol production facilities — a high-share, structural exposure baked into the design of the business itself. This is not a dependency on a particular supplier relationship that could be renegotiated away; it is the core input and production technology around which the entire operation is built, meaning corn price volatility and availability flow directly through to margins with limited ability to substitute alternative feedstocks or retool facilities quickly. No customer, supplier-counterparty, or geographic concentrations are disclosed alongside this exposure, so the corn-based production model is effectively the single lens through which to assess Alto's concentration risk. Because the exposure is structural rather than dependency-driven, it is best thought of as a permanent feature of the business model — one that ties the investment case closely to the corn and ethanol commodity cycle rather than to any single counterparty's fortunes.
For the engine’s reasoning on ALTO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| ALTO● | Alto Ingredients, Inc. | 1 | 0 | 0 | 1 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| AXTA | Axalta Coating Systems Ltd. | 0 | 1 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.