HA Sustainable Infrastructure Capital, Inc. (HASI) Financials

HASI

Trailing 12 months to June 30, 2026

Revenue $462.9M +26.5% YoY

Net Income $86.2M -58.1% YoY

EPS (Diluted) $0.58 -62.3% YoY

Operating Cash Flow $208.5M +299.6% YoY

Market Cap $4.7B as of Oct 8, 2026

Price / Sales 10.1x on $462.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings 54.2x on $86.2M net income, trailing 12 months to June 30, 2026

Price / Book 1.8x on $2.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HASI SEC filings page.

HA Sustainable Infrastructure Capital, Inc. (HASI) reported $462.9M in revenue over the twelve months to Jun 30, 2026, up 26.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HASI FY2025 2026-10-03

The business has doubled its asset base while relying more on liabilities, and only the latest year shows close cash conversion.

Operating cash flow swung from $6M in FY2024 to $167M in FY2025, making the latest earnings profile much more cash-backed than the prior year. Net income was $185M while dividends reached $210M, so distributions exceeded that year's operating cash generation.

Balance-sheet-intensive growth is the defining structure: assets expanded from $4.1B in FY2021 to $8.2B in FY2025, rather than scaling through a light operating base. Over the same span, debt-to-equity rose from 0.3x to 2.1x, indicating substantially greater reliance on creditors to support expansion.

In FY2025, interest expense was $292M against $401M of revenue, so financing cost absorbs a large share of the reported top line. Despite that burden, net income remained $185M while return on assets was 2.3%, reflecting how the enlarged asset base suppresses returns on capital.

Financial Health Signals

Financial health score not available

HA Sustainable Infrastructure Capital, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

2/6

HA Sustainable Infrastructure Capital, Inc. passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

0.91x

For every $1 of reported earnings, HA Sustainable Infrastructure Capital, Inc. generates $0.91 in operating cash flow ($167.3M OCF vs $184.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$120.8M

YoY+41.0%

QoQ-2.8%

5Y CAGR+15.4%

10Y CAGR+18.7%

HA Sustainable Infrastructure Capital, Inc. generated $120.8M in revenue in Q2 2026. This represents an increase of 41.0% from the same quarter a year earlier. Against the prior quarter it is down 2.8%.

Net Income

$128.6M

YoY+30.7%

QoQ+278.7%

5Y CAGR+51.8%

10Y CAGR+42.4%

HA Sustainable Infrastructure Capital, Inc. reported $128.6M in net income in Q2 2026. This represents an increase of 30.7% from the same quarter a year earlier. Against the prior quarter it is up 278.7%.

EPS (Diluted)

$0.92

YoY+24.3%

QoQ+261.4%

5Y CAGR+35.7%

10Y CAGR+26.2%

HA Sustainable Infrastructure Capital, Inc. earned $0.92 per diluted share (EPS) in Q2 2026. This represents an increase of 24.3% from the same quarter a year earlier. Against the prior quarter it is up 261.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$249.9M

YoY+188.9%

QoQ+100.7%

5Y CAGR-15.6%

10Y CAGR+29.2%

HA Sustainable Infrastructure Capital, Inc. held $249.9M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.42

YoY+1.2%

QoQ0.0%

HA Sustainable Infrastructure Capital, Inc. paid $0.42 per share in dividends in Q2 2026. This represents an increase of 1.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

128M

YoY+3.3%

QoQ0.0%

5Y CAGR+10.3%

10Y CAGR+11.5%

HA Sustainable Infrastructure Capital, Inc. had 128M shares outstanding in Q2 2026. This represents an increase of 3.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Return on Equity

4.9%

YoY+1.1pp

QoQ+7.7pp

5Y change+3.6pp

10Y change+4.1pp

HA Sustainable Infrastructure Capital, Inc.'s ROE was 4.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not shown for Q2 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for Q2 2026.

HASI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HASI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$462.9M	$400.5M+4.4%	$383.6M+19.9%	$319.9M+33.4%	$239.7M+12.5%	$213.2M+14.0%	$186.9M+32.0%	$141.6M+1.6%	$139.4M+31.5%	$106.0M+30.5%	$81.2M+38.4%	$58.7M+29.6%	$45.3M+85.2%	$24.4M+41.4%	$17.3M+140.1%	$7.2M
SG&A Expenses	$32.9M	$30.7M-6.8%	$32.9M+5.2%	$31.3M+4.5%	$29.9M+50.4%	$19.9M+34.1%	$14.8M+1.0%	$14.7M-2.6%	$15.1M+35.0%	$11.2M+34.8%	$8.3M+14.3%	$7.3M+24.0%	$5.8M+52.2%	$3.8M-1.5%	$3.9M+55.7%	$2.5M
Interest Expense	$334.7M	$292.4M+20.6%	$242.4M+41.7%	$171.0M+48.0%	$115.6M-5.0%	$121.7M+32.0%	$92.2M+43.5%	$64.2M-16.4%	$76.9M+17.4%	$65.5M+44.7%	$45.2M+71.5%	$26.4M+58.4%	$16.7M	N/A	N/A	N/A
Income Tax	$49.4M	$85.2M+21.4%	$70.2M+122.0%	$31.6M+328.4%	$7.4M-57.0%	$17.2M+717.4%	-$2.8M-134.3%	$8.1M+277.7%	$2.1M+142.3%	$885K+527.7%	$141K+19.5%	$118K+353.8%	$26K+110.4%	-$251K	N/A	N/A
Net Income	$86.2M	$184.5M-7.7%	$200.0M+34.4%	$148.8M+258.6%	$41.5M-67.2%	$126.6M+53.6%	$82.4M+1.0%	$81.6M+96.2%	$41.6M+34.7%	$30.9M+110.6%	$14.7M+84.1%	$8.0M-17.2%	$9.6M+191.9%	-$10.5M-374.9%	$3.8M+175.9%	-$5.0M
EPS (Basic)	N/A	$1.49-13.4%	$1.72+18.6%	$1.45+208.5%	$0.47-70.1%	$1.57+38.9%	$1.13-9.6%	$1.25+66.7%	$0.75+31.6%	$0.57+78.1%	$0.32+52.4%	$0.21-51.2%	$0.43+163.2%	-$0.68	N/A	N/A
EPS (Diluted)	$0.58	$1.41-13.0%	$1.62+14.1%	$1.42+202.1%	$0.47-68.9%	$1.51+37.3%	$1.10-11.3%	$1.24+65.3%	$0.75+31.6%	$0.57+78.1%	$0.32+52.4%	$0.21	$0.43+163.2%	-$0.68	N/A	N/A
Diluted Shares (Avg)	N/A	138M+5.9%	131M+19.2%	109M+20.8%	91M+3.4%	88M+17.9%	74M+14.8%	65M+22.7%	53M+4.8%	50M+25.0%	40M+31.0%	31M	21M+31.4%	16M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$120.8M+41.0%	$124.2M+28.1%	$114.8M+13.3%	$103.1M+25.7%	$85.7M-9.3%	$96.9M-8.4%	$101.3M+17.0%	$82.0M-8.8%
SG&A Expenses	$8.0M+22.7%	$10.2M+8.4%	$8.5M-4.8%	$6.3M-9.5%	$6.5M-18.3%	$9.4M+3.6%	$8.9M+37.9%	$7.0M+4.2%
Interest Expense	$87.5M+9.7%	$99.3M+53.5%	$76.5M+24.3%	$71.5M+20.3%	$79.7M+34.0%	$64.7M+4.5%	$61.6M+21.7%	$59.4M+37.2%
Income Tax	$57.0M+49.3%	-$30.8M-228.8%	-$11.3M-154.4%	$34.5M+585.1%	$38.2M+268.8%	$23.9M-48.3%	$20.8M-43.7%	-$7.1M-38.7%
Net Income	$128.6M+30.7%	-$72.0M-227.1%	-$53.8M-176.7%	$83.3M+524.4%	$98.4M+270.9%	$56.6M-54.0%	$70.1M-21.9%	-$19.6M-191.5%
EPS (Basic)	$1.00+25.0%	-$0.57-221.3%	-$0.45-175.0%	$0.66+488.2%	$0.80+247.8%	$0.47-56.5%	$0.60-30.2%	-$0.17-185.0%
EPS (Diluted)	$0.92+24.3%	-$0.57-229.5%	-$0.38-171.7%	$0.61+458.8%	$0.74+221.7%	$0.44-55.1%	$0.53-36.1%	-$0.17-185.0%
Diluted Shares (Avg)	143M+3.7%	128M-7.5%	N/A	140M+19.8%	138M+20.4%	138M+5.3%	N/A	117M+6.8%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

HASI Balance Sheet

HASI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$8.2B+15.6%	$7.1B+8.1%	$6.6B+37.7%	$4.8B+14.7%	$4.1B+19.9%	$3.5B+44.9%	$2.4B+10.8%	$2.2B-4.2%	$2.3B+28.9%	$1.7B+18.8%	$1.5B+45.7%	$1.0B+76.5%	$571.4M+145.8%	$232.5M	N/A
Cash & Equivalents	$110.2M-15.1%	$129.8M+107.2%	$62.6M-59.8%	$155.7M-31.2%	$226.2M-21.0%	$286.3M+4511.0%	$6.2M-71.0%	$21.4M-62.6%	$57.3M+94.6%	$29.4M-31.0%	$42.6M-26.7%	$58.2M+82.8%	$31.8M+52.0%	$20.9M+1182.8%	$1.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.8M0.0%	$3.8M	N/A
Total Liabilities	$5.5B+18.3%	$4.7B+6.0%	$4.4B+42.5%	$3.1B+19.9%	$2.6B+14.8%	$2.2B+55.4%	$1.4B+7.2%	$1.4B-16.0%	$1.6B+37.2%	$1.2B+12.9%	$1.0B+41.2%	$734.6M+74.6%	$420.8M+97.3%	$213.3M	N/A
Long-Term Debt	N/A	N/A	N/A	$433.0M+0.7%	$430.0M-27.5%	$593.0M-15.3%	$700.0M-16.2%	$835.0M-31.0%	$1.2B+75.0%	$692.0M+4.2%	$664.0M+107.0%	$320.7M+23.4%	$259.9M	N/A	N/A
Total Equity	$2.7B+10.5%	$2.4B+12.3%	$2.1B+28.6%	$1.7B+6.3%	$1.6B+29.4%	$1.2B+28.8%	$939.9M+16.8%	$804.5M+25.2%	$642.8M+11.9%	$574.3M+32.9%	$432.1M+57.7%	$274.0M+81.9%	$150.6M+686.1%	$19.2M+17.7%	$16.3M
Retained Earnings	-$323.1M-8.6%	-$297.5M+2.0%	-$303.5M-6.3%	-$285.5M-47.4%	-$193.7M+5.1%	-$204.1M-20.2%	-$169.8M-4.0%	-$163.2M-24.3%	-$131.3M-42.3%	-$92.2M-75.0%	-$52.7M-110.8%	-$25.0M-80.4%	-$13.9M-264.2%	$8.4M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$8.9B+17.7%	$8.2B+9.7%	$8.2B+15.6%	$8.2B+23.0%	$7.6B+14.1%	$7.5B+11.1%	$7.1B+8.1%	$6.7B+12.9%
Cash & Equivalents	$249.9M+188.9%	$124.5M+84.7%	$110.2M-15.1%	$301.8M+585.1%	$86.5M-40.6%	$67.4M+9.7%	$129.8M+107.2%	$44.1M-71.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$6.3B+25.6%	$5.7B+13.2%	$5.5B+18.3%	$5.5B+26.9%	$5.0B+15.5%	$5.0B+12.4%	$4.7B+6.0%	$4.3B+14.2%
Total Equity	$2.7B+2.4%	$2.5B+2.6%	$2.7B+10.5%	$2.7B+15.6%	$2.6B+11.4%	$2.5B+8.7%	$2.4B+12.3%	$2.3B+10.6%
Retained Earnings	-$375.9M-53.2%	-$449.9M-54.1%	-$323.1M-8.6%	-$215.5M+32.3%	-$245.4M+1.6%	-$291.9M-28.1%	-$297.5M+2.0%	-$318.1M+8.8%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

HASI Cash Flow Statement

HASI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$208.5M	$167.3M+2759.1%	$5.9M-94.1%	$99.7M+43243.0%	$230K-98.3%	$13.3M-81.8%	$73.3M+148.5%	$29.5M-49.8%	$58.8M+401.8%	$11.7M-79.4%	$56.9M+207.0%	$18.5M+261.5%	$5.1M+147.6%	-$10.8M-210.4%	$9.7M+535.4%	$1.5M
Depreciation & Amortization	N/A	$780K-22.2%	$1.0M-67.9%	$3.1M-21.7%	$4.0M+5.1%	$3.8M+6.2%	$3.6M-0.4%	$3.6M-20.6%	$4.5M+27.5%	$3.5M-53.6%	$7.7M+93.9%	$4.0M+50.1%	$2.6M+139.4%	$1.1M+149.8%	$440K+2.1%	$431K
Stock-Based Compensation	N/A	$29.9M+16.7%	$25.6M+29.5%	$19.8M-1.6%	$20.1M+17.9%	$17.0M+1.5%	$16.8M+18.6%	$14.2M+40.7%	$10.1M-11.0%	$11.3M+12.4%	$10.1M-5.5%	$10.6M+105.1%	$5.2M-26.7%	$7.1M+47093.3%	$15K+7.1%	$14K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$65K-70.0%	$217K+317.3%	$52K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$10.8M-213.6%	$9.5M+543.1%	$1.5M
Investing Cash Flow	-$1.0B	-$855.8M-552.3%	-$131.2M+93.4%	-$2.0B-236.6%	-$592.1M+15.8%	-$703.4M+15.4%	-$831.7M-313.5%	-$201.1M-495.9%	$50.8M+117.1%	-$297.9M-56.3%	-$190.6M	N/A	N/A	-$229.3M-470.0%	-$40.2M-590.5%	$8.2M
Financing Cash Flow	$983.5M	$683.6M+241.1%	$200.4M-88.8%	$1.8B+246.8%	$516.8M-18.1%	$630.8M-34.4%	$962.1M+339.6%	$218.9M+230.0%	-$168.4M-148.8%	$345.2M+203.6%	$113.7M	N/A	N/A	$263.9M+429.7%	$49.8M+472.3%	-$13.4M
Dividends Paid	$220.0M	$209.8M+9.1%	$192.3M+20.3%	$159.8M+20.9%	$132.2M+16.5%	$113.5M+13.7%	$99.9M+15.6%	$86.4M+21.7%	$71.0M+4.0%	$68.2M+37.9%	$49.5M+56.6%	$31.6M+127.9%	$13.9M+94.5%	$7.1M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$205K-44.0%	$366K	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$68.0M-14.5%	$15.6M+142.1%	$246.7M+2121.4%	-$121.8M-655.2%	$79.6M+420.6%	-$37.1M-277.3%	-$12.2M-266.0%	$21.9M-17.6%
Depreciation & Amortization	$195K-22.3%	$179K+7.2%	$184K-41.2%	$178K+1.7%	$251K+43.4%	$167K-50.9%	$313K-17.8%	$175K-80.2%
Stock-Based Compensation	N/A	$17.8M+81.3%	N/A	N/A	N/A	$9.8M+48.8%	N/A	N/A
Investing Cash Flow	-$359.2M-493.8%	-$184.1M+43.1%	-$344.8M-86.1%	-$126.8M+3.3%	-$60.5M-123.7%	-$323.7M-362.7%	-$185.3M+67.7%	-$131.1M+82.1%
Financing Cash Flow	$420.9M+38660.9%	$174.4M-40.8%	-$75.3M-126.1%	$463.5M+7051.9%	$1.1M+100.7%	$294.3M+474.0%	$289.0M-38.8%	$6.5M-99.1%
Dividends Paid	$55.8M+7.3%	$56.8M+12.7%	$54.1M+8.1%	$53.2M+8.8%	$52.0M+8.0%	$50.4M+11.8%	$50.1M+12.1%	$48.9M+13.8%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.

HASI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HASI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	46.1%-6.1pp	52.1%+5.6pp	46.5%+29.2pp	17.3%-42.1pp	59.4%+15.3pp	44.1%-13.5pp	57.6%+27.8pp	29.8%+0.7pp	29.1%+11.1pp	18.0%+4.5pp	13.6%-7.7pp	21.2%+64.0pp	-42.8%-64.8pp	22.0%+91.6pp	-69.6%
Return on Equity	6.9%-1.4pp	8.3%+1.4pp	7.0%+4.5pp	2.5%-5.6pp	8.1%+1.3pp	6.8%-1.9pp	8.7%+3.5pp	5.2%+0.4pp	4.8%+2.3pp	2.5%+0.7pp	1.8%-1.7pp	3.5%+10.5pp	-6.9%-26.8pp	19.9%+50.6pp	-30.8%
Return on Assets	2.3%-0.6pp	2.8%+0.6pp	2.3%+1.4pp	0.9%-2.2pp	3.0%+0.7pp	2.4%-1.0pp	3.4%+1.5pp	1.9%+0.6pp	1.4%+0.5pp	0.8%+0.3pp	0.5%-0.4pp	0.9%+2.8pp	-1.8%-3.5pp	1.6%	N/A
Debt-to-Equity	2.08+0.1x	1.94-0.1x	2.06+1.8x	0.260.0x	0.27-0.2x	0.49-0.3x	0.74-0.3x	1.04-0.8x	1.88+0.7x	1.20-0.3x	1.54+0.4x	1.17-0.6x	1.73-9.4x	11.13	N/A
Asset Turnover	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.060.0x	0.060.0x	0.050.0x	0.050.0x	0.040.0x	0.040.0x	0.040.0x	0.07	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-44.3%-99.3pp	55.1%+34.5pp	20.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	106.5%	-57.9%-116.3pp	-46.8%-116.0pp	80.8%+104.7pp	114.9%	58.4%	69.2%	-23.9%-47.8pp
Return on Equity	4.9%+1.1pp	-2.8%-5.1pp	-2.0%-4.9pp	3.1%+3.9pp	3.8%+2.7pp	2.3%-3.1pp	2.9%-1.3pp	-0.8%-1.9pp
Return on Assets	1.4%+0.1pp	-0.9%-1.6pp	-0.7%-1.7pp	1.0%+1.3pp	1.3%+0.9pp	0.8%-1.1pp	1.0%-0.4pp	-0.3%-0.7pp
Debt-to-Equity	2.37+0.4x	2.24+0.2x	2.08+0.1x	2.05+0.2x	1.93+0.1x	2.03+0.1x	1.94-0.1x	1.87+1.8x
Asset Turnover	0.010.0x	0.020.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
HA Sustainable Infrastructure Capital, Inc. HASI	FY2025	$400.5M	$184.5M	46.1%	$4.7B	—
Cohen & Steers Inc. CNS	FY2025	$556.1M	$153.2M	27.6%	$3.7B	39/100
DigitalBridge Group, Inc. DBRG	FY2025	$94.0M	-$27.0M	-28.7%	$3.0B	21/100

Where HA Sustainable Infrastructure Capital, Inc. Ranks

Frequently Asked Questions

What is HA Sustainable Infrastructure Capital, Inc.'s annual revenue?

HA Sustainable Infrastructure Capital, Inc. (HASI) reported $400.5M in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is HA Sustainable Infrastructure Capital, Inc.'s revenue growing?

HA Sustainable Infrastructure Capital, Inc. (HASI) revenue grew by 4.4% year-over-year, from $383.6M to $400.5M in fiscal year 2025.

Is HA Sustainable Infrastructure Capital, Inc. profitable?

Yes, HA Sustainable Infrastructure Capital, Inc. (HASI) reported a net income of $184.5M in fiscal year 2025, with a net profit margin of 46.1%.

What is HA Sustainable Infrastructure Capital, Inc.'s net profit margin?

HA Sustainable Infrastructure Capital, Inc. (HASI) had a net profit margin of 46.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is HA Sustainable Infrastructure Capital, Inc.'s return on equity (ROE)?

HA Sustainable Infrastructure Capital, Inc. (HASI) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is HA Sustainable Infrastructure Capital, Inc.'s operating cash flow?

HA Sustainable Infrastructure Capital, Inc. (HASI) generated $167.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are HA Sustainable Infrastructure Capital, Inc.'s total assets?

HA Sustainable Infrastructure Capital, Inc. (HASI) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does HA Sustainable Infrastructure Capital, Inc. have outstanding?

HA Sustainable Infrastructure Capital, Inc. (HASI) had 128M shares outstanding as of fiscal year 2025.

What is HA Sustainable Infrastructure Capital, Inc.'s debt-to-equity ratio?

HA Sustainable Infrastructure Capital, Inc. (HASI) had a debt-to-equity ratio of 2.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is HA Sustainable Infrastructure Capital, Inc.'s return on assets (ROA)?

HA Sustainable Infrastructure Capital, Inc. (HASI) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is HA Sustainable Infrastructure Capital, Inc.'s P/E ratio?

HA Sustainable Infrastructure Capital, Inc. (HASI) trades at 54.2x earnings, its market capitalization divided by net income of $86.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is HA Sustainable Infrastructure Capital, Inc.'s price-to-sales ratio?

HA Sustainable Infrastructure Capital, Inc. (HASI) trades at 10.1x sales, its market capitalization divided by revenue of $462.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is HA Sustainable Infrastructure Capital, Inc.'s Piotroski F-Score?

HA Sustainable Infrastructure Capital, Inc. (HASI) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are HA Sustainable Infrastructure Capital, Inc.'s earnings high quality?

HA Sustainable Infrastructure Capital, Inc. (HASI) has an earnings quality ratio of 0.91x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

HA Sustainable Infrastructure Capital, Inc. (HASI) Financials

The business has doubled its asset base while relying more on liabilities, and only the latest year shows close cash conversion.

Financial Health Signals

Key Financial Metrics

Earnings & Revenue

Cash & Balance Sheet

Margins & Returns

Capital Allocation

HASI Income Statement

HASI Balance Sheet

HASI Cash Flow Statement

HASI Financial Ratios

Similar Companies

Where HA Sustainable Infrastructure Capital, Inc. Ranks

Frequently Asked Questions

What is HA Sustainable Infrastructure Capital, Inc.'s annual revenue?

How fast is HA Sustainable Infrastructure Capital, Inc.'s revenue growing?

Is HA Sustainable Infrastructure Capital, Inc. profitable?

What is HA Sustainable Infrastructure Capital, Inc.'s earnings per share (EPS)?

What is HA Sustainable Infrastructure Capital, Inc.'s net profit margin?

What is HA Sustainable Infrastructure Capital, Inc.'s return on equity (ROE)?

What is HA Sustainable Infrastructure Capital, Inc.'s operating cash flow?

What are HA Sustainable Infrastructure Capital, Inc.'s total assets?

How many shares does HA Sustainable Infrastructure Capital, Inc. have outstanding?

What is HA Sustainable Infrastructure Capital, Inc.'s debt-to-equity ratio?

What is HA Sustainable Infrastructure Capital, Inc.'s return on assets (ROA)?

What is HA Sustainable Infrastructure Capital, Inc.'s P/E ratio?

What is HA Sustainable Infrastructure Capital, Inc.'s price-to-sales ratio?

What is HA Sustainable Infrastructure Capital, Inc.'s Piotroski F-Score?

Are HA Sustainable Infrastructure Capital, Inc.'s earnings high quality?