LOWBuilt-in & outside partyCustomer
15.1%
U.S. federal government
“10-K Item 1: 'U.S. Federal| 15.1 ... The U.S. federal government is considered a single customer and segment for reporting purposes'”
AMRC · Concentration risk · 10-K extracted
Ameresco (AMRC) concentration risks
Updated
The most significant concentration Ameresco discloses is U.S. federal government at 15.1%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Ameresco’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-26Ameresco's disclosed concentration risk is narrow and well-defined: the U.S. federal government, treated as a single customer and reporting segment, accounted for 15.1% of revenue — a low-share exposure that falls well short of the kind of customer dependency that would materially skew results if the relationship were disrupted. Because this is the only concentration item disclosed in the source claims, there is no evidence of a broader customer, geographic, or supplier concentration problem layered on top of it. The federal government relationship is characterized as mixed rather than purely structural or purely dependency-driven, reflecting that public-sector energy-services and infrastructure contracts blend a durable, program-based revenue stream with exposure to a single counterparty's budget and procurement decisions. At 15.1%, however, the government book is not large enough on its own to be a swing factor for the investment thesis. Absent additional disclosed concentrations, the overall picture is one of a diversified revenue base where no single customer, geography, or supplier stands out as a dominant risk factor.
For the engine’s reasoning on AMRC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Engineering & Construction
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ACA | Arcosa, Inc. | 1 | 1 | 1 | 3 |
| BBCP | Concrete Pumping Holdings, Inc. | 1 | 1 | 0 | 2 |
| AGX | Argan, Inc. | 1 | 0 | 3 | 4 |
| ACM | AECOM | 0 | 2 | 0 | 2 |
| AMRC● | Ameresco, Inc. | 0 | 0 | 1 | 1 |
| APG | APi Group Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.