AMPS · Altus Power, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58.68M | $52.46M | $40.66M | - | $45.08M | $46.51M | $29.38M | - | $30.44M | $24.76M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.82M | $12.24M | $10.02M | - | $8.19M | $8.29M | $7.36M | - | $4.63M | $4.22M |
| Total Operating Expenses | $43.39M | $35.50M | $42.27M | - | $34.23M | $34.51M | $29.13M | - | $19.73M | $19.28M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $15.29M | $16.96M | ($1.62M) | - | $10.85M | $12.01M | $251.0K | - | $10.71M | $5.48M |
| Interest Expense | $400.0K | $400.0K | $400.0K | - | $400.0K | $400.0K | $400.0K | - | $200.0K | $400.0K |
| Income Tax | ($5.10M) | ($21.04M) | $4.90M | - | ($1.94M) | $1.13M | $888.0K | - | $1.96M | $707.0K |
| Net Income | $17.64M | $37.65M | $7.51M | - | $5.33M | $6.83M | $5.62M | - | ($96.98M) | $24.11M |
| EPS - Basic | $0.11 | $0.23 | $0.05 | - | $0.03 | $0.04 | $0.04 | - | ($0.63) | $0.16 |
| EPS - Diluted | $0.11 | $0.23 | $0.05 | - | $0.03 | $0.04 | $0.03 | - | ($0.01) | $0.16 |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $96.90M | $78.38M | $173.27M | $160.82M | $68.18M | $69.11M | $69.45M | $193.02M | $290.89M | $325.98M |
| Accounts Receivable | $34.33M | $31.82M | $20.06M | $17.10M | $23.39M | $27.04M | $16.12M | $13.44M | $15.72M | $13.16M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.91M | $7.49M | $7.41M | $7.34M | $4.99M | $5.66M | $5.57M | $2.74M | $2.38M | $2.87M |
| Current Assets | $138.77M | $119.94M | $216.71M | $228.80M | $98.06M | $106.31M | $93.38M | $215.07M | $315.50M | $316.44M |
| Total Assets | $2.24B | $2.13B | $2.22B | $2.09B | $1.78B | $1.74B | $1.66B | $1.38B | $1.13B | $1.11B |
| Current Liabilities | $230.81M | $131.89M | $146.09M | $106.51M | $96.60M | $97.43M | $96.28M | $68.23M | $32.66M | $27.57M |
| Long-term Debt | $1.18B | $1.18B | $1.25B | $1.16B | $908.03M | $878.47M | $835.73M | $634.60M | $527.71M | $522.60M |
| Total Liabilities | $1.66B | $1.57B | $1.69B | $1.57B | $1.26B | $1.23B | $1.17B | $913.83M | $750.67M | $671.23M |
| Stockholders' Equity | $514.81M | $490.52M | $457.54M | $447.08M | $465.93M | $448.00M | $433.15M | $424.10M | $342.08M | $400.02M |
| Retained Earnings | $7.52M | ($10.12M) | ($47.77M) | ($55.27M) | ($28.15M) | ($33.48M) | ($40.30M) | ($45.92M) | ($113.80M) | ($16.82M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $4.53M | - | - | - | $14.22M | - | - | - |
| Investing Cash Flow | - | - | ($141.92M) | - | - | - | ($319.44M) | - | - | - |
| Financing Cash Flow | - | - | $121.98M | - | - | - | $189.99M | - | - | - |
| CapEx | - | - | $18.54M | - | - | - | $24.84M | - | - | - |
| Free Cash Flow | - | - | ($14.01M) | - | - | - | ($10.62M) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 26.1% | 32.3% | -4.0% | - | 24.1% | 25.8% | 0.9% | - | 35.2% | 22.1% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 30.1% | 71.8% | 18.5% | - | 11.8% | 14.7% | 19.1% | - | -318.6% | 97.4% |
| Free cash flow margin | - | - | -34.5% | - | - | - | -36.1% | - | - | - |
| FCF / Net income | - | - | -1.87 | - | - | - | -1.89 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 16.7% | 23.3% | 24.6% | - | 18.2% | 17.8% | 25.1% | - | 15.2% | 17.0% |
| Effective tax rate | -40.7% | -126.7% | 39.5% | - | -57.2% | 14.2% | 13.7% | - | - | 2.8% |
| Return on assets | 0.8% | 1.8% | 0.3% | - | 0.3% | 0.4% | 0.3% | - | -8.6% | 2.2% |
| Return on equity | 3.4% | 7.7% | 1.6% | - | 1.1% | 1.5% | 1.3% | - | -28.3% | 6.0% |
| Return on invested capital | 0.9% | 1.0% | -0.1% | - | 0.8% | 0.8% | 0.0% | - | 1.0% | 0.6% |
| Liquidity | ||||||||||
| Current ratio | 0.60 | 0.91 | 1.48 | 2.15 | 1.02 | 1.09 | 0.97 | 3.15 | 9.66 | 11.48 |
| Quick ratio | 0.60 | 0.91 | 1.48 | 2.15 | 1.02 | 1.09 | 0.97 | 3.15 | 9.66 | 11.48 |
| Cash ratio | 0.42 | 0.59 | 1.19 | 1.51 | 0.71 | 0.71 | 0.72 | 2.83 | 8.91 | 11.82 |
| Leverage | ||||||||||
| Debt / Equity | 2.29 | 2.41 | 2.74 | 2.60 | 1.95 | 1.96 | 1.93 | 1.50 | 1.54 | 1.31 |
| Debt / Assets | 0.53 | 0.55 | 0.57 | 0.56 | 0.51 | 0.51 | 0.50 | 0.46 | 0.47 | 0.47 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 38.2x | 42.4x | -4.0x | - | 27.1x | 30.0x | 0.6x | - | 53.5x | 13.7x |
| Equity multiplier | 4.35 | 4.35 | 4.85 | 4.68 | 3.83 | 3.87 | 3.83 | 3.25 | 3.30 | 2.76 |
| Liabilities / Assets | 0.74 | 0.74 | 0.76 | 0.75 | 0.70 | 0.71 | 0.70 | 0.66 | 0.66 | 0.61 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | 0.02 | 0.02 | - | 0.03 | 0.03 | 0.02 | - | 0.03 | 0.02 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 214d | 221d | 180d | - | 189d | 212d | 200d | - | 189d | 194d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 30.2% | 12.8% | 38.4% | - | 48.1% | 87.8% | 53.0% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 40.9% | 41.2% | - | - | 1.3% | 119.0% | 55.9% | - | - | 105.8% |
| Net income growth (YoY) | 230.9% | 451.6% | 33.7% | - | - | -71.7% | -90.7% | - | -861.0% | - |
| EPS growth (YoY) | 266.7% | 475.0% | 66.7% | - | - | -75.0% | -92.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -32.0% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.5% | 9.5% | 5.6% | 5.4% | 36.2% | 12.0% | 18.4% | 39.1% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$323.11M totalPower Sales$126.85M · 39.3%
Power Purchase Agreements$66.58M · 20.6%
Net Metering Credit Agreements$58.13M · 18.0%
Solar Renewable Energy Credit Revenue$48.20M · 14.9%
Rental Income$11.27M · 3.5%
Performance Based Incentives$7.27M · 2.3%
Revenue Recognized On Contract Liabilities$2.67M · 0.8%
Power Sales On Wholesale Markets$2.14M · 0.7%
Peer comparison
Same SIC group: Electric Services
Comparing Altus Power against the 5 most active filers in the same SIC group.