One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Alpine 4 Holdings, Inc.
ALPP · PNK · Industrials · Conglomerates
Current price
$0.00
52-week range
$0.00 - $0.00
Market cap
$2.71K
Balance sheet
Distressed
-5.34x Concerning
Net debt $49.74M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Revenue grew 102.5% last year.
- Risk Return on equity was -118.5% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 0.0% (peer median: 32.9%).
What this company does
Alpine 4 Holdings, Inc.
Alpine 4 is a holding company, which means it owns a collection of smaller, separate businesses in different fields. These businesses range from making commercial drones and developing new battery technologies to providing construction services and manufacturing dietary supplements. The company's strategy is to grow by acquiring companies in various industries, aiming to spread out risk so that a slowdown in one area can be balanced by strength in another.
How the company got here
Founded in 2014, Alpine 4 started as a company with a single automotive-related product and has since grown into a holding company, which is a parent company that owns a controlling interest in other businesses. [17] It has grown by acquiring a diverse portfolio of smaller companies in various industries, including aerospace, manufacturing, and technology. [7] This strategy is part of its "DSF" business model, where it categorizes its acquisitions as Drivers, Stabilizers, or Facilitators to foster collaboration and innovation among them. [11] In March 2021, the company changed its name from Alpine 4 Technologies, Ltd. to Alpine 4 Holdings, Inc. to better reflect its structure as a holder of various businesses. [6]
What it actually does
Alpine 4 Holdings is a conglomerate, which means it's a collection of different companies operating in various unrelated industries. [6] Think of it as a parent company that owns a diverse family of businesses. These businesses range from making electronic components and commercial televisions to manufacturing drones and providing construction services. [10, 16] The company's goal is to have its different businesses work together to create new products and efficiencies, a concept they call synergy. [11]
A4 Technologies – RCA & ELECJET
This segment is focused on technology and includes two key businesses. RCA Commercial Electronics is a business-to-business manufacturer that makes and sells products like commercial televisions for hotels and hospitals, LED lighting, and other electronics. [3, 12] Elecjet is a research and development company working on advanced battery technology, including fast-charging and solid-state batteries. [8, 12] Together, these companies are developing new power solutions and battery products. [8]
A4 Aerospace – VAYU
This part of the company manufactures unmanned aerial vehicles, more commonly known as drones. [6] Vayu develops and builds drone aircraft for various uses, including delivering medical supplies to hard-to-reach areas and infrastructure inspection. [20] This segment has also worked with the U.S. Air Force on projects related to security. [22] In early 2025, Alpine 4 entered into an agreement to sell assets from this segment, including Vayu, to another company. [23]
A4 Manufacturing – QCA & ALT LABS
This segment is involved in contract manufacturing, which means they produce goods for other companies. Quality Circuit Assembly (QCA) manufactures electronic components for companies in industries like electric vehicles and clean energy. [12, 28] Alternative Laboratories (Alt Labs) is a contract manufacturer for the dietary and nutritional supplement industry, making products for other brands. [12, 27] In early 2024, the company announced its intention to sell Alternative Laboratories. [3]
A4 Construction Services – MSM
This division provides commercial construction services, with a focus on sheet metal contracting. [6] This involves designing, fabricating, and installing things like commercial ductwork, kitchen hoods, and industrial ventilation systems. [10] This part of the business serves the construction needs of various commercial and industrial clients.
A4 Defense – TDI
This segment, Thermal Dynamics International (TDI), focuses on providing various contracting services. [6] A significant portion of its work is with the United States government, particularly the Department of Defense and the Department of State. [12] This business was one of the company's profitable subsidiaries in the first half of 2023. [3]
What management is betting on now
The company is currently focused on a major reorganization to improve its financial performance. [26] This involves concentrating on its most profitable businesses, like RCA Commercial Electronics, while selling or shutting down underperforming ones. [3] A key part of their strategy is the vertical integration (owning different stages of the production process) of their subsidiaries, such as using Elecjet's battery technology in Vayu's drones. [21] Management believes this collaboration between its diverse companies will drive innovation and create a competitive advantage. [11]
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.00
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $49.7M. Interest coverage -5.3x.
Net debt
$49.74M
Interest coverage
-5.34x
Alpine 4 Holdings, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
ALPP
BASELINE
Alpine 4 Holdings, Inc.
Total debt $52.67M Interest coverage -5.34x This is the baseline the peer rows are being compared against.
Total debt $264.78M Interest coverage -1.54x Neither company has much profit cushion over interest right now.
Total debt $104.20M Interest coverage 0.53x This peer still has a real interest-payment cushion, while ALPP does not.
Total debt $214.80M Interest coverage -0.91x Neither company has much profit cushion over interest right now.
Total debt $29.22M Interest coverage 9.40x This peer still has a real interest-payment cushion, while ALPP does not.
Total debt $127.08M Interest coverage -7.05x Neither company has much profit cushion over interest right now.
What you should know
The case for and against ALPP
1 Reward
2 Risks
Rewards
-
Revenue grew 102.5% last year.
Risks
-
Return on equity was -118.5% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 0.0% (peer median: 32.9%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-0.00x
P/B
0.00x
P/S
0.00x
EV/EBITDA
-3.06x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
21.1%
Operating margin
-27.4%
Net margin
-54.4%
ROE
-118.5%
ROA
-10.8%
Health
Liquidity and balance-sheet strength
Debt / equity
2.56x
Current ratio
0.86x
Quick ratio
0.40x
Total debt
$52.67M
Total cash
$2.93M
Growth
How the business has been compounding
Revenue TTM
$104.20M
Revenue 5Y CAGR
102.5%
EPS TTM
-2.24
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-19.58M
Free CF TTM
$-20.65M
FCF margin
-19.8%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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