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Cardinal Ethanol Llc  (CRDE)
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Cardinal Ethanol Llc's

Competitiveness


 

CRDE Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Cardinal Ethanol Llc reported Revenue decrease in the 4 quarter 2023 year on year by -48.79 %, faster than the overall decrease of Cardinal Ethanol Llc's competitors by -24.56 %, recorded in the same quarter.

List of CRDE Competitors

With a net margin of 3.94 % Cardinal Ethanol Llc achieved higher profitability than its competitors.

More on CRDE Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Cardinal Ethanol LlcNet Income in the 4 quarter 2023 fell year on year by -82.9%, slower than its competitors'.

<<  CRDE Stock Performance Comparisons


Cardinal Ethanol Llc's Comment on Competitors and Industry Peers


We are in direct competition with numerous ethanol producers, many of whom have greater resources than we do. Following the significant growth during 2005 and 2006, the ethanol industry has grown at a much slower pace. As of October 6, 2016, the Renewable Fuels Association estimates that there are 214 ethanol production facilities in the United States with capacity to produce approximately 15.6 billion gallons of ethanol and three additional plants under expansion or construction with capacity to produce an additional 162 million gallons. However, the Renewable Fuels Association estimates that approximately 3% of the ethanol production capacity in the United States is idled.

Since ethanol is a commodity product, competition in the industry is predominantly based on price. We have also experienced increased competition from oil companies who have purchased ethanol production facilities. These oil companies are required to blend a certain amount of ethanol each year. Therefore, the oil companies may be able to operate their ethanol production facilities at times when it is unprofitable for us to operate. Larger ethanol producers may be able to realize economies of scale that we are unable to realize. This could put us at a competitive disadvantage to other ethanol producers. The ethanol industry is continuing to consolidate where a few larger ethanol producers are increasing their production capacities and are controlling a larger portion of the United States ethanol production. Further, some ethanol producers own multiple ethanol plants which may allow them to compete more effectively by providing them flexibility to run certain production facilities while they have other facilities shut down. This added flexibility may allow these ethanol producers to compete more effectively, especially during periods when operation margins are unfavorable in the ethanol industry.

The largest ethanol producers include Archer Daniels Midland, Flint Hill Resources LP, Green Plains Renewable Energy, POET Biorefining and Valero Renewable Fuels, each of which are capable of producing significantly more ethanol than we produce.

Ethanol plants in the Midwest produce the majority of distillers grains and primarily compete with other ethanol producers in the production and sales of distillers grains. Ethanol plants are expected to produce approximately 36 million metric tons of distillers grains in the 2015/2016 marketing year.

The primary consumers of distillers grains are dairy and beef cattle. In recent years, an increasing amount of distillers grains have been used in the swine and poultry markets. Numerous feeding trials show advantages in milk production, growth, rumen health, and palatability over other dairy cattle feeds. With the advancement of research into the feeding rations of poultry and swine, we expect these markets to expand and create additional demand for distillers grains; however, no assurance can be given that these markets will in fact expand, or if they do, that we will benefit from it. The market for distillers grains is generally confined to locations where freight costs allow it to be competitively priced against other feed ingredients. Distillers grains compete with three other feed formulations: corn gluten feed, dry brewers grain and mill feeds. The primary value of these products as animal feed is their protein content. Dry brewers grain and distillers grains have about the same protein content, and corn gluten feed and mill feeds have slightly lower protein contents.






  

Overall company Market Share Q4 2023

Overall company, revenue fell by -48.79 % and company lost market share, to approximately 8.38 %.




<<  More on CRDE Market Share.
 
*Market share is calculated based on total revenue.





Who are Cardinal Ethanol Llc's Competitors?




Futurefuel Corp
Share Performance



+0.69%
Over The Past 5 Days



Futurefuel Corp
Profile

FutureFuel Corp is a company that operates in the biofuel industry. They engage in the production and sale of biodiesel and other related products. Their business model revolves around utilizing renewable resources, such as vegetable oils and animal fats, to produce sustainable energy alternatives, thus contributing to reducing environmental impact from traditional fossil fuels.

More about Futurefuel Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 253.841 mill. $ 388.729 mill. $ 28.931 mill.


Aemetis Inc
Share Performance



-1.53%
One Year



Aemetis Inc
Profile

Aemetis Inc operates as a renewable natural gas and renewable fuel company. They focus on acquiring, building, and operating facilities to produce advanced fuels and biochemicals. Their business model involves utilizing innovative technology and feedstock to produce low-carbon, sustainable products that reduce greenhouse gas emissions.

More about Aemetis Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 161.506 mill. $ 220.178 mill. $ -48.893 mill.


Gevo inc
Share Performance



-2.31%
Over The Past 5 Days



Gevo inc
Profile

Gevo Inc's business model involves the production, commercialization, and development of sustainable, low-carbon renewable chemicals and advanced biofuels.

More about Gevo inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 209.356 mill. $ 13.371 mill. $ -73.125 mill.


Granite Falls Energy Llc
Share Performance



0.00%
This Year



Granite Falls Energy Llc
Profile

Granite Falls Energy LLC operates as a biofuel production company based in Granite Falls, Minnesota. Their business model revolves around the production, distribution, and sale of ethanol, a renewable fuel made from corn. They aim to contribute to reducing carbon emissions and promote sustainability by converting corn into a clean-burning, high-octane fuel alternative for cars.

More about Granite Falls Energy Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 379.236 mill. $ 47.929 mill.


Archer daniels midland Co
Share Performance



-34.20%
One Year



Archer daniels midland Co
Profile

Archer Daniels Midland Co's business model is centered around the sourcing, processing, and distribution of agricultural commodities.

More about Archer daniels midland Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 28,998.000 mill. $ 96,896.000 mill. $ 3,948.000 mill.


Lake Area Corn Processors Llc
Share Performance



0.00%
This Year



Lake Area Corn Processors Llc
Profile

Lake Area Corn Processors LLC operates as a corn processing company that specializes in the production of ethanol and other corn-based products. Their business model focuses on sourcing corn from local farmers and converting it into various value-added products through an efficient and sustainable manufacturing process. By leveraging their expertise in corn processing, the company aims to generate revenue by supplying high-quality ethanol and other products to customers in the energy, food, and agricultural industries.

More about Lake Area Corn Processors Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 287.402 mill. $ 0.000 mill.


Green Plains Inc
Share Performance



-2.07%
Over The Past 5 Days



Green Plains Inc
Profile

Green Plains Inc is an American renewable energy and biofuel company that operates in the production, distribution, and marketing of ethanol and other ethanol-based fuel products.

More about Green Plains Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,336.155 mill. $ 3,295.743 mill. $ -76.299 mill.


Alto Ingredients Inc
Share Performance



-19.03%
This Year



Alto Ingredients Inc
Profile

Alto Ingredients Inc operates as a specialty alcohols and essential ingredients company, leveraging its ethanol production capabilities. The company's business model involves manufacturing and distributing various grades of alcohol and essential ingredients used in a wide range of industries, including health and beauty, food and beverage, and cleaning products. Alto Ingredients aims to efficiently produce and deliver these products to meet the diverse needs of its customers while ensuring operational excellence.

More about Alto Ingredients Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 155.893 mill. $ 1,296.502 mill. $ -66.493 mill.


Renewable Energy Group Inc
Share Performance



-7.95%
One Year



Renewable Energy Group Inc
Profile

Renewable Energy Group Inc is a company that operates in the renewable energy industry. Their business model focuses on producing and distributing high-quality biofuels in a sustainable and environmentally friendly manner. They offer a range of renewable fuel solutions to customers, including biodiesel and renewable diesel. By utilizing feedstocks such as recycled cooking oil, agricultural oilseeds, and animal fats, they minimize reliance on fossil fuels and reduce greenhouse gas emissions.

More about Renewable Energy Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,109.372 mill. $ 3,640.295 mill. $ 187.074 mill.


Red Trail Energy Llc
Share Performance



0.00%
This Quarter



Red Trail Energy Llc
Profile

Red Trail Energy LLC's business model is focused on producing ethanol fuel through the conversion of biomass, particularly corn, into renewable energy sources.

More about Red Trail Energy Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 40.148 mill. $ 198.603 mill. $ 5.857 mill.


Rex American Resources Corporation
Share Performance



-0.31%
Over The Past 5 Days



Rex American Resources Corporation
Profile

Rex American Resources Corporation operates as a holding company in the alternative fuels industry. The company invests in and maintains ownership interests in ethanol and related businesses, primarily through its subsidiaries. Its business model revolves around the strategic acquisition, development, and management of ethanol plants and associated assets to produce and distribute alternative fuel products.

More about Rex American Resources Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 736.477 mill. $ 845.937 mill. $ 61.794 mill.


Bio en Holdings Corp.
Share Performance



0.00%
Over The Past 5 Days



Bio en Holdings Corp.
Profile

Bio en Holdings Corp. operates as a biotechnology company with a focus on developing, manufacturing, and commercializing innovative solutions in the fields of agriculture, healthcare, and energy. They aim to leverage scientific research and technological advancements to provide sustainable products that address global challenges in these industries.

More about Bio en Holdings Corp.'s Market Share

Market Cap. Revenues TTM Net Income TTM
$ 158.568 mill. $ - mill. $ -0.037 mill.


Southwest Iowa Renewable Energy Llc
Share Performance



0.00%
This Year



Southwest Iowa Renewable Energy Llc
Profile

Southwest Iowa Renewable Energy LLC operates as a biofuels production company, utilizing a business model based on the manufacturing and sale of renewable fuel products. They source biomass feedstock, such as corn, to produce ethanol and other related byproducts, catering to the demand for sustainable energy alternatives.

More about Southwest Iowa Renewable Energy Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 381.047 mill. $ 11.276 mill.



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