Onyx Acquisition Co I's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Onyx Acquisition Co I (ONYXU) 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: Onyx Acquisition Co I vs Its Competitors
- Growth: Onyx Acquisition Co I generated -70.4% revenue growth year over year in Q2 2024, vs -50.0% for its tracked competitors combined.
- Profitability: Its -18.2% net margin compares with -163.7% for the peer group.
- Peer revenue share: Onyx Acquisition Co I accounted for 92.1% of combined revenue among its tracked peer group, down from 95.2% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ONYXU Sales vs. its Competitors, Q2 2024
Onyx Acquisition Co I reported revenue contraction of 70.43 % year on year in Q2 2024, below its competitors' combined revenue change of -50.00 %.
With a net margin of -18.21 %, Onyx Acquisition Co I achieved higher profitability than its competitors (-163.73 %).
Onyx Acquisition Co I generated 92.13 % of the combined sales of its peer group, down from 95.19 % a year earlier.
Onyx Acquisition Co I vs. its Competitors, Q2 2024
Revenue growth, year on year
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 Onyx Acquisition Co I and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Onyx Acquisition Co I | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Onyx Acquisition Co I's competitor groups requires a Commercial License.
For context: the Blank Checks industry grew revenue 7.6% year over year, combined, vs -70.4% for Onyx Acquisition Co I. Onyx Acquisition Co I's share of combined industry revenue moved from 0.02% to 0.00%, a loss of 0.01 percentage points.
Onyx Acquisition Co I'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 |
|---|---|---|---|---|
| Onyx Acquisition Co I | No | No | No | Yes |
| Competitors combined (1) | - | - | - | |
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 62.50 % (5 of 8) | 12.50 % (1 of 8) | 42.90 % (3 of 7) |
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.
ONYXU Stock Performance relative to its Competitors
ONYXU Stock Performance relative to Similar Growth & Profitability Competitors
Onyx Acquisition Co I's Comment on Competition and Industry Peers
Publicly Traded Peers of Onyx Acquisition Co I
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Onyx Acquisition Co I | 14.99 | -4.95 |
| Strategic Acquisitions Inc | 18.34 | 0.08 |
| SUBTOTAL | 33.33 | -4.86 |
Sources: Onyx Acquisition Co I'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 Onyx Acquisition Co I versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Onyx Acquisition Co I's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Strategic Acquisitions Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Onyx Acquisition Co I'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.
Onyx Acquisition Co I'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 |
|---|---|---|---|
| Onyx Acquisition Co I | 15 | - | - |
| Strategic Acquisitions Inc | 18 | 42,456 | -37,956 |
| PEERS TOTAL | 18 | 42,456 | -37,956 |
Onyx Acquisition Co I's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Blank Checks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (68 companies). See the full Blank Checks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 100.00 % | 84.79 % (avg) | +15.2 pp |
| Operating Margin | -3.16 % | industry median | +206.9 pp |
| EBITDA Margin | -5.85 % | 33.12 % (avg) | -39.0 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 0.69 % (avg) | -0.7 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.
Onyx Acquisition Co I's Valuation vs Competitive Position
Valuation multiples vs the Blank Checks industry average (68 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 Blank Checks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 45.2x | - |
| EV / EBITDA | 39.8x | 26.4x | +13.4x |
| P/B | -1.0x | 6.7x | -7.7x |
| Return on Equity | -128.41 % | industry aggregate | -139.57 % |
| Return on Invested Capital | -5.28 % | 0.96 % (avg) | -6.24 % |
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.
Onyx Acquisition Co I'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 |
|---|---|---|---|
| Revenue Growth | - | - | -144.22 % |
| Operating Margin | - | -45.34 % | 49.47 % |
| Return on Invested Capital | - | -0.65 % | -5.90 % |
| P/E | - | - | - |
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.
Onyx Acquisition Co I's Strategic Group Map
Every company in Onyx Acquisition Co I's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Onyx Acquisition Co I 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.
Onyx Acquisition Co I'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 |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 0.69 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Onyx Acquisition Co I's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Onyx Acquisition Co I'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.
Onyx Acquisition Co I'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.
Onyx Acquisition Co I falls in the High attractiveness / Low strength cell: Selective.
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.
Onyx Acquisition Co I'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
- Operating margin 206.9 points above the industry median.
Weaknesses
- Return on equity 139.6 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 27.5% median pace.
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-35.2% annualized).
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.
Onyx Acquisition Co I'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 |
|---|---|---|---|
| Onyx Acquisition Co I | 0.01 | 0.03 | - |
| Strategic Acquisitions Inc | 5.55 | 7.82 | - |
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.
Onyx Acquisition Co I'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 |
|---|---|---|---|
| Onyx Acquisition Co I | Q2 2024 | -70.4 % | - |
| Strategic Acquisitions Inc | Q2 2026 | - | - |
| PEERS TOTAL | -70.4 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Onyx Acquisition Co I'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 |
|---|---|---|---|
| Onyx Acquisition Co I | Q2 2024 | - | - |
| Strategic Acquisitions Inc | Q2 2026 | - | - |
Onyx Acquisition Co I's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Onyx Acquisition Co I | 102.89% | 159.92% | - |
| Strategic Acquisitions 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).
Onyx Acquisition Co I's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Onyx Acquisition Co I | - | - |
| Strategic Acquisitions Inc | - | 215.96 |
| PEERS AVERAGE | 1.73 | - |
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.