Altus Power Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Altus Power Inc (AMPS) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Altus Power Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 196M vs 16,110M combined for tracked competitors (1.2% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-9.4% annualized vs trailing 12 months), vs decelerating (-23.5%) for its tracked peer group.
- Growth: Altus Power Inc generated 30.1% revenue growth year over year in Q4 2024, vs 139.9% for its tracked competitors combined.
- Profitability: Its -127.0% net margin compares with 42.2% for the peer group.
- Peer revenue share: Altus Power Inc accounted for 1.4% of combined revenue among its tracked peer group, down from 2.6% a year earlier.
- Peer differentiation: Revenue per employee of $9.35M compares with $3.02M for the peer group (3.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AMPS Sales vs. its Competitors, Q4 2024
Altus Power Inc reported revenue growth of 30.05 % year on year in Q4 2024, below its competitors' combined revenue growth of 139.88 %.
With a net margin of -127.02 %, Altus Power Inc reported lower profitability than its competitors (42.16 %).
Altus Power Inc generated 1.42 % of the combined sales of its peer group, down from 2.59 % a year earlier.
Altus Power Inc vs. its Competitors, Q4 2024
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Altus Power Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Altus Power Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Altus Power Inc's competitor groups requires a Commercial License.
For context: the Electric Utilities industry grew revenue 13.3% year over year, combined, vs 30.1% for Altus Power Inc. Altus Power Inc's share of combined industry revenue moved from 0.01% to 0.01%, a gain of 0.00 percentage points.
Altus Power Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Altus Power Inc | No | Yes | Yes | No |
| Competitors combined (2) | ||||
| High-Confidence Competitors (1) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AMPS Stock Performance relative to its Competitors
AMPS Stock Performance relative to High-Confidence Competitors
AMPS Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Alx Oncology Holdings Inc | 282.9% | Outperformed |
| 2 | Blackstone Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Altus Power Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Altus Power Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Altus Power Inc | 660.18 | 196.27 |
| Blackstone Inc | 91,204.31 | 16,110.48 |
| Alx Oncology Holdings Inc | 183.11 | - |
| SUBTOTAL | 92,047.60 | 16,306.75 |
Sources: Altus Power Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Altus Power Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Altus Power Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Claritev Corporation | Named by the company | 85% |
| MPLN | Named by the company | 85% |
| Blackstone Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Altus Power Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Altus Power Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Altus Power Inc | 660 | 9,345,952 | -507,952 |
| Blackstone Inc | 91,204 | 3,048,341 | 1,291,521 |
| Alx Oncology Holdings Inc | 183 | - | -1,881,163 |
| PEERS TOTAL | 91,387 | 3,023,739 | 1,265,916 |
Altus Power Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Altus Power Inc's industry classification, broader than the peer set above. Market cap in millions of $.Altus Power Inc ranks #0 of 65 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 440, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nextera Energy Inc | 158,792 | 11.70 % |
| 2 | The Southern Company | 94,132 | 6.94 % |
| 3 | Constellation Energy Corporation | 93,661 | 6.90 % |
| 4 | Duke Energy Corporation | 88,970 | 6.56 % |
| 5 | American Electric Power Co Inc | 1,234 | 5.2% |
| 6 | Dominion Energy Inc | 1,234 | 5.2% |
| 7 | Sempra | 1,234 | 5.2% |
| 8 | Vistra Corp | 1,234 | 5.2% |
| 9 | Entergy Corporation | 1,234 | 5.2% |
| 10 | Xcel Energy Inc | 1,234 | 5.2% |
| 0 | Altus Power Inc | 660 | 0.00 % |
Market cap and industry share for the rest of Altus Power Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-04-15.
Altus Power Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Electric Utilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (83 companies). See the full Electric Utilities industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 100.00 % | 58.29 % (avg) | +41.7 pp |
| Operating Margin | 15.06 % | industry median | -4.4 pp |
| EBITDA Margin | 61.40 % | 27.06 % (avg) | +34.3 pp |
| Capital Intensity (Capex / Revenue) | 47.74 % | 34.89 % (avg) | +12.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Altus Power Inc's Valuation vs Competitive Position
Valuation multiples vs the Electric Utilities industry average (83 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Electric Utilities industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 655.6x | 24.9x | +630.7x |
| EV / EBITDA | 14.2x | 16.1x | -1.9x |
| P/B | 0.9x | 2.1x | -1.1x |
| Return on Equity | -2.00 % | industry aggregate | -11.23 % |
| Return on Invested Capital | 1.14 % | 2.48 % (avg) | -1.34 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Altus Power Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue Growth | - | 40.90 % | 53.38 % | 26.49 % |
| Operating Margin | - | 17.91 % | 11.02 % | 15.06 % |
| Return on Invested Capital | 5.34 % | 1.16 % | 0.77 % | 1.14 % |
| P/E | - | 20.3x | - | 655.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Altus Power Inc's Strategic Group Map
Every company in Altus Power Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Altus Power Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Altus Power Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 440 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 47.74 % vs industry average 34.89 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Altus Power Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Altus Power Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Altus Power Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Altus Power Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Altus Power Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 11.2 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-9.4% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-23.5% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Altus Power Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Altus Power Inc | 0.54 | 0.74 | 2.47 |
| Blackstone Inc | 1.26 | 4.17 | 0.63 |
| Alx Oncology Holdings Inc | 1.09 | 4.66 | 0.11 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Altus Power Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Altus Power Inc | Q4 2024 | +30.0 % | - |
| Blackstone Inc | Q2 2026 | +35.9 % | +44.9 % |
| Alx Oncology Holdings Inc | Q2 2026 | - | - |
| PEERS TOTAL | +35.8 % | +46.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Altus Power Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Altus Power Inc | Q4 2024 | - | +26.8 % |
| Blackstone Inc | Q2 2026 | - | -20.4 % |
| Alx Oncology Holdings Inc | Q2 2026 | - | -63.8 % |
Altus Power Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Altus Power Inc | - | - | - |
| Blackstone Inc | 14.18% | 13.64% | 33.51% |
| Alx Oncology Holdings Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Altus Power Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Altus Power Inc | 856.64 | 3.36 |
| Blackstone Inc | 25.51 | 5.66 |
| Alx Oncology Holdings Inc | - | - |
| PEERS AVERAGE | 13.67 | 5.64 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.