Companies: 10,795·Total market cap: $144.5T
Altus Power, Inc.

Altus Power, Inc.

AMPSNYSEUtilities
$4.99
+$0.01(+0.20%)
Market Cap$800500750
P/E Ratio—
52W High$5.5
52W Low$2.71
Free Cash FlowFinancialsRevenue

Altus Power, Inc. (AMPS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AMPS · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$53.4M for FY2024 (fiscal year ending 2024-12-31), down 38.8% year-over-year The FCF margin was -27.2%.

FY2024 Free Cash Flow−$53.4M▼ -38.8% YoY
Trailing 12M (TTM)−$122.9Mtrailing 4 quarters sum
FCF Margin-27.2%−$53.4M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
amps free cash flow history · amps free cash flow chart · amps free cash flow growth rate · amps free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2024Latest−$53.4M▼ 38.8%-27.2%
FY2023−$38.4M▲ +31.3%-24.8%
FY2022−$55.9M▼ 206.4%-55.3%
FY2021−$18.2M▲ +61.8%-25.4%
FY2020−$47.8M▲ +8.4%-105.5%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
amps free cash flow 2024 · amps free cash flow 2023 · amps free cash flow 2022 · amps operating cash flow

FCF valuation metrics

Altus Power, Inc. (AMPS) reported negative free cash flow of −$0.05B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31
amps price to free cash flow · amps free cash flow yield · amps free cash flow per share · amps price to cash flow ratio

Cash flow statement summary

For FY2024, Altus Power, Inc. generated $40.3M in operating cash flow and spent 94M in capital expenditures, yielding −$53.4M in free cash flow.

Operating Activities
+$40.3M
Cash from core business operations
2024-12-31
Investing Activities
−$367.2M
CapEx, acquisitions & investments
2024-12-31
Financing Activities
+$231.3M
Buybacks, dividends & debt
2024-12-31
FCF FormulaOperating CF ($40.3M) − |CapEx| (94M) = FCF (−$53.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
amps cash flow statement · amps cash flow statement 2024 · amps operating cash flow · amps cash flow from operations

Free cash flow vs peers (Utilities)

#CompanyFree Cash FlowYoY
#1
Altus Power, Inc.
Altus Power, Inc.YOU
AMPS
−$53.4M-38.8%
#2
GE Vernova Inc.
GE Vernova Inc.
GEV
$3.71B+118.3%#3
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$3.21B-32.3%#4
Constellation Energy Corporation
Constellation Energy Corporation
CEG
$1.29B+125.6%#5
Duke Energy Corporation
Duke Energy Corporation
DUK
−$1.67B-3583.3%#6
The Southern Company
The Southern Company
SO
−$3.59B-531.0%
Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Altus Power, Inc. (AMPS) reported free cash flow of −$53.4M for FY2024 (fiscal year ending 2024-12-31), down 38.8% year-over-year. The FCF margin was -27.2%.

Altus Power, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 6 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

AMPS free cash flow · 8 questions

Altus Power, Inc. free cash flow was −$53.4M for FY2024, down 38.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$122.9M.

AMPS free cash flowAMPS FCFAMPS FCF 2024AMPS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Altus Power, Inc. · Altus Power, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026