Usd Partners Lp's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Usd Partners Lp (USDP) 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: Usd Partners Lp vs Its Competitors
- TTM: Trailing 12-month revenue of 72M vs 244,553M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-38.7% annualized vs trailing 12 months), vs decelerating (-2.8%) for its tracked peer group.
- Growth: Usd Partners Lp generated -48.4% revenue growth year over year in Q3 2023, vs -7.7% for its tracked competitors combined.
- Profitability: Its -25.3% net margin compares with 12.3% for the peer group.
- Peer revenue share: Usd Partners Lp accounted for 0.0% of combined revenue among its tracked peer group, down from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.84M compares with $1.04M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
USDP Sales vs. its Competitors, Q3 2023
Usd Partners Lp reported revenue contraction of 48.43 % year on year in Q3 2023, below its competitors' combined revenue change of -7.69 %.
With a net margin of -25.32 %, Usd Partners Lp reported lower profitability than its competitors (12.30 %).
Usd Partners Lp generated 0.02 % of the combined sales of its peer group, down from 0.03 % a year earlier.
Usd Partners Lp vs. its Competitors, Q3 2023
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 Usd Partners Lp and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Usd Partners Lp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Usd Partners Lp's competitor groups requires a Commercial License.
For context: the Railroads industry grew revenue 6.9% year over year, combined, vs -48.4% for Usd Partners Lp. Usd Partners Lp's share of combined industry revenue moved from 0.05% to 0.02%, a loss of 0.03 percentage points.
Usd Partners Lp'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 |
|---|---|---|---|---|
| Usd Partners Lp | Yes | No | No | No |
| Competitors combined (8) | ||||
| High-Confidence Competitors (1) | - |
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.
USDP Stock Performance relative to its Competitors
USDP Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Encore Capital Group Inc | 282.9% | Outperformed |
| 2 | General Motors Company | 282.9% | Outperformed |
| 3 | Consumer Portfolio Services Inc | 282.9% | Outperformed |
| 4 | Credit Acceptance Corp | 282.9% | Outperformed |
| 5 | Truist Financial Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Usd Partners Lp's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Usd Partners Lp's Comment on Competition and Industry Peers
Our Hardisty and Casper terminals face competition from other logistics services providers, such as pipelines and other terminalling service providers. In addition, our customers may also choose to construct or acquire their own terminalling assets. If our customers choose to ship crude oil via alternative means, we may only receive the minimum monthly commitment fees at our Hardisty and Casper terminals. Our San Antonio and West Colton terminals face competition from other terminals and trucks that may be able to supply end-user markets with ethanol and other biofuels on a more competitive basis due to terminal location, price, versatility or services provided. Both of our ethanol terminals are served by the UP. In the Southern California market, we compete directly with ethanol facilities in the Fontana, Carson and San Diego areas, which are served by the BNSF. A combination of rail freight and trucking economics, which comprise the largest share of the value chain, make it very difficult to compete with other facilities in this market based on terminalling throughput fees alone. In the San Antonio market, we also compete with a facility served by the BNSF, although our facility, which is served by the UP, is closer to the San Antonio metro area, which typically results in advantaged trucking rates for certain end-user customers. Our San Antonio terminal may also face competition from a proposed new ethanol terminalling facility near Austin, Texas, by the current customer of our San Antonio terminal, which they expect will be operational by December 2016.
Our railcar fleet services face competition from other providers of railcars. This competition may limit our ability to increase the number of railcars under contract, and thus, limit our ability to increase our revenues. However, we believe our relationships with leaders in the railcar supply industry such as CIT Rail, Union Tank Car Company and Trinity Industries, will enable us to continue procuring railcars on advantageous terms.
We believe that we are favorably positioned to compete in our industry due to the strategic location of our terminals, quality of service provided at our terminals, independent strategy, our reputation and industry relationships, and the quality, versatility and complementary nature of our services. The competitiveness of our service offerings could be significantly impacted by the entry of new competitors into the markets in which we operate. However, we believe that significant barriers to entry exist in the energy-related logistics business. These barriers include significant costs and execution risk, a lengthy permitting and development cycle, financing challenges, shortage of personnel with the requisite expertise, and a finite number of sites suitable for development.
Publicly Traded Peers of Usd Partners Lp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Usd Partners Lp | 0.01 | 72.32 |
| General Motors Company | 74,856.60 | 185,527.00 |
| Truist Financial Corporation | 58,687.13 | 19,028.00 |
| American International Group Inc | 39,151.03 | 26,636.00 |
| Ally Financial Inc | 11,856.65 | 8,679.00 |
| Credit Acceptance Corp | 5,893.32 | 2,329.70 |
| SUBTOTAL | 192,897.66 | 244,625.07 |
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Sources: Usd Partners Lp'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 Usd Partners Lp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Usd Partners Lp's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Union Tank Car Company | Named by the company | 85% |
| Trinity Industries | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Usd Partners Lp'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.
Usd Partners Lp'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 |
|---|---|---|---|
| Usd Partners Lp | 0 | 840,965 | 6,907 |
| General Motors Company | 74,857 | 1,189,276 | 13,410 |
| Truist Financial Corporation | 58,687 | 513,078 | 157,472 |
| American International Group Inc | 39,151 | 1,205,249 | 134,208 |
| Ally Financial Inc | 11,857 | 842,621 | 133,204 |
| Credit Acceptance Corp | 5,893 | 1,006,785 | 216,897 |
| PEERS TOTAL | 192,898 | 1,035,797 | 55,455 |
Usd Partners Lp's Business Segment Mix vs Peers
Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Usd Partners Lp | Terminalling Services 95.46 % |
| General Motors Company | GM North America 83.10 % |
| American International Group Inc | North America Operating 30.08 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Usd Partners Lp's Position in Industry Market Structure
Market-capitalization share and concentration across all 10 companies in Usd Partners Lp's industry classification, broader than the peer set above. Market cap in millions of $.Usd Partners Lp ranks #0 of 10 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,333, indicating a moderately concentrated 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 | Union Pacific Corp | 162,994 | 36.13 % |
| 2 | Csx Corporation | 86,927 | 19.27 % |
| 3 | Canadian Pacific Kansas City Ltd | 76,947 | 17.06 % |
| 4 | Norfolk Southern Corp | 70,713 | 15.68 % |
| 5 | Westinghouse Air Brake Technologies Corporation | 1,234 | 5.2% |
| 6 | Trinity Industries Inc | 1,234 | 5.2% |
| 7 | The Greenbrier Companies Inc | 1,234 | 5.2% |
| 8 | Ftai Infrastructure Inc | 1,234 | 5.2% |
| 9 | Freightcar America Inc | 1,234 | 5.2% |
| 10 | Rail Vision Ltd | 1,234 | 5.2% |
| 0 | Usd Partners Lp | 0 | 0.00 % |
Market cap and industry share for the rest of Usd Partners Lp's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-25.
Usd Partners Lp's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Railroads industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (17 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 107.06 % | 54.96 % (avg) | +52.1 pp |
| Operating Margin | 19.95 % | industry median | +3.1 pp |
| EBITDA Margin | 22.61 % | 29.62 % (avg) | -7.0 pp |
| Capital Intensity (Capex / Revenue) | - | 11.51 % (avg) | - |
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.
Usd Partners Lp's Valuation vs Competitive Position
Valuation multiples vs the Railroads industry average (17 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.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 15.2x | 20.9x | -5.6x |
| EV / EBITDA | 13.3x | 16.1x | -2.9x |
| P/B | - | 3.6x | - |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | - | 4.90 % (avg) | - |
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.
Usd Partners Lp's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | - | 0.19 % | 7.09 % | -4.67 % | 5.62 % | 6.45 % | -17.05 % |
| Operating Margin | 29.37 % | 27.95 % | 24.70 % | 18.15 % | -6.38 % | 20.02 % | -56.55 % |
| Return on Invested Capital | 8.72 % | 14.87 % | 12.80 % | 12.54 % | -3.46 % | 10.75 % | - |
| P/E | - | 12.2x | - | 1,000,000,000,000.0x | - | 5.0x | - |
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.
Usd Partners Lp'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 | Moderate | Industry HHI of 2,333 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Usd Partners Lp's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Usd Partners Lp'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.
Usd Partners Lp'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.
Usd Partners Lp falls in the Medium attractiveness / Low strength cell: Harvest.
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.
Usd Partners Lp'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
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-38.7% annualized vs trailing 12 months).
Opportunities
- A meaningful share of tracked competitors (37.50 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Union Pacific Corp, holding 36.13 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-2.8% 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.
Usd Partners Lp'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 |
|---|---|---|---|
| Usd Partners Lp | 0.04 | 0.16 | 15.87 |
| General Motors Company | 0.23 | 1.17 | 0.62 |
| Truist Financial Corporation | 0.09 | 0.16 | 1.08 |
| American International Group Inc | 0.04 | 1.44 | 0.17 |
| Ally Financial Inc | 0.01 | 0.06 | 1.41 |
| Credit Acceptance Corp | 0.04 | 19.88 | 5.94 |
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.
Usd Partners Lp'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 |
|---|---|---|---|
| Usd Partners Lp | Q3 2023 | -48.4 % | - |
| General Motors Company | Q2 2026 | +1.9 % | -28.5 % |
| Truist Financial Corporation | Q2 2026 | +8.2 % | +25.2 % |
| American International Group Inc | Q2 2026 | -0.1 % | -17.1 % |
| Ally Financial Inc | Q2 2026 | +9.8 % | +26.5 % |
| Credit Acceptance Corp | Q2 2026 | +0.6 % | +55.5 % |
| PEERS TOTAL | +2.5 % | -4.6 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Usd Partners Lp'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 |
|---|---|---|---|
| Usd Partners Lp | Q3 2023 | -29.5 % | +228.2 % |
| General Motors Company | Q2 2026 | - | -9.1 % |
| Truist Financial Corporation | Q2 2026 | -24.2 % | - |
| American International Group Inc | Q2 2026 | +6.3 % | - |
| Ally Financial Inc | Q2 2026 | +24.5 % | - |
| Credit Acceptance Corp | Q2 2026 | -7.8 % | +433.3 % |
Usd Partners Lp's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Usd Partners Lp | 0.51% | - | 4.60% |
| General Motors Company | 0.74% | 1.10% | 3.22% |
| Truist Financial Corporation | 1.06% | 2.65% | 9.01% |
| American International Group Inc | 1.83% | 2.10% | 7.26% |
| Ally Financial Inc | 0.70% | 1.80% | 8.89% |
| Credit Acceptance Corp | 5.80% | 3.96% | 32.35% |
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).
Usd Partners Lp's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Usd Partners Lp | 0.01 | 0.00 |
| General Motors Company | 47.55 | 0.40 |
| Truist Financial Corporation | 10.89 | 3.08 |
| American International Group Inc | 13.56 | 1.47 |
| Ally Financial Inc | 8.97 | 1.37 |
| Credit Acceptance Corp | 63.99 | 2.53 |
| PEERS AVERAGE | 14.73 | 0.79 |
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.