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HASIHA Sustainable Infrastructure Capital, Inc.
$39.06$5.0B
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HASI logoHA Sustainable Infrastructure Capital, Inc.(HASI)Earnings, Financials & Key Ratios

HASI•NYSE•Banking & Credit
27.7× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryDiversified FinancialSub-IndustrySustainable infrastructure specialty finance
AboutHA Sustainable Infrastructure Capital, Inc. engages in investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on Behind the Meter, Grid-Connected, Fuels, Transport, and Nature climate solutions. The company was founded on November 7, 2012 and is headquartered in Annapolis, MD.Show more
  • Net Interest Income-$6M-112.7%
  • Total Revenue$401M-36.6%
  • Net Income$185M-7.7%
  • Return on Equity7.29%-17.2%
  • Net Interest Margin-0.07%-111.0%
  • Efficiency Ratio33.39%+82.9%
  • ROA2.42%-17.6%
  • Equity / Assets32.46%-4.4%
  • Book Value per Share19.23+4.4%

HASI Key Insights

HA Sustainable Infrastructure Capital, Inc. (HASI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 17.5%
  • ✓Efficient operations: 33.4% efficiency ratio
  • ✓Well capitalized: 32.5% equity/assets
  • ✓Healthy dividend yield of 3.9%

✗Weaknesses

  • ✗Weak NIM of -0.1%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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HASI Price & Volume

HA Sustainable Infrastructure Capital, Inc. (HASI) stock price & volume — 10-year historical chart

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HASI Growth Metrics

HA Sustainable Infrastructure Capital, Inc. (HASI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years21.2%
5 Years11.26%
3 Years13.9%
TTM-

Profit CAGR

10 Years36.94%
5 Years17.49%
3 Years64.44%
TTM-58.11%

EPS CAGR

10 Years20.98%
5 Years5.09%
3 Years46.33%
TTM-65.35%

Return on Capital

10 Years2.74%
5 Years3.2%
3 Years3.67%
Last Year3.54%

HASI Recent Earnings

HA Sustainable Infrastructure Capital, Inc. (HASI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.77+13.2%
$0.68
Rev
$124M+10.7%
$112M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.67+1.5%
$0.66
Rev
$115M+8.4%
$106M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.80+15.9%
$0.69
Rev
$228M+692.1%
$29M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.60-3.2%
$0.62
Rev
$86M+94.7%
$44M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.77vs $0.68+13.2%
$124Mvs $112M+10.7%
Q1 2026Feb 12, 2026
$0.67vs $0.66+1.5%
$115Mvs $106M+8.4%
Q4 2025Nov 6, 2025
$0.80vs $0.69+15.9%
$228Mvs $29M+692.1%
Q3 2025Aug 7, 2025
$0.60vs $0.62-3.2%
$86Mvs $44M+94.7%
Based on last 12 quarters of dataView full earnings history →

HASI Peer Comparison

HA Sustainable Infrastructure Capital, Inc. (HASI) competitors in Sustainable infrastructure specialty finance — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CSWC logoCSWCCapital Southwest CorporationDirect Competitor1.43B22.9812.0950.13%50.89%11.68%1.12
ARCC logoARCCAres Capital CorporationDirect Competitor12.95B18.039.6932.87%43.69%8.11%1.12
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.22B12.358.7042.5%26.91%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor202.99M5.004.1036.55%-19.55%-3.39%1.33
BEP logoBEPBrookfield Renewable Partners L.P.Product Competitor10.78B35.24-522.8510.95%3.3%0.63%1.02
CWEN logoCWENClearway Energy, Inc.Product Competitor7.69B37.4226.354.23%0.13%0.03%1.72
NEE logoNEENextEra Energy, Inc.Supply Chain180.9B86.7526.3711%29.3%12.66%1.44
ENPH logoENPHEnphase Energy, Inc.Supply Chain6.89B52.2840.5310.72%9.64%13.28%1.14

Compare HASI vs Peers

HA Sustainable Infrastructure Capital, Inc. (HASI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CSWC

Most directly comparable listed peer for HASI.

Scale Benchmark

vs NEE

Larger-name benchmark to compare HASI against a more recognizable public peer.

Peer Set

Compare Top 5

vs CSWC, ARCC, GBDC, TPVG

HASI Income Statement

HA Sustainable Infrastructure Capital, Inc. (HASI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
-3.25M-939K11.96M3.38M-5.12M37M56.05M47.48M-6.04M-6.26M
NII Growth %
-167.84%71.06%1373.59%-71.76%-251.73%822.13%51.46%-15.28%-112.72%-717.9%
Net Interest Margin %
-0.14%-0.04%0.5%0.1%-0.12%0.78%0.86%0.67%-0.07%-0.08%
Interest Income
62.23M75.94M76.2M95.56M116.58M152.56M227.05M289.85M286.36M302.57M
Interest Expense
65.47M76.87M64.24M92.18M121.7M115.56M171.01M242.36M292.4M308.83M
Loan Loss Provision
00000000-290.84M-157.24M
Non-Interest Income
66.05M85.62M129.56M139.31M223.01M118.47M233.79M341.63M114.14M407.45M
Non-Interest Income %
51.49%53%62.97%59.31%65.67%43.71%50.73%54.1%28.5%57.39%
Total Revenue
128.28M▲ 0%
161.56M▲ 25.9%
205.75M▲ 27.4%
234.87M▲ 14.2%
339.59M▲ 44.6%
271.03M▼ 20.2%
460.85M▲ 70.0%
631.47M▲ 37.0%
400.5M▼ 36.6%
710.03M▲ 0%
Revenue Growth %
46.92%25.95%27.36%14.15%44.59%-20.19%70.04%37.03%-36.58%317.7%
Non-Interest Expense
30.88M40.74M51.5M62.71M73.38M106.18M107.46M115.28M133.72M145.53M
Efficiency Ratio
24.08%25.22%25.03%26.7%21.61%39.18%23.32%18.26%33.39%20.5%
Operating Income
31.92M▲ 0%
43.94M▲ 37.7%
90.02M▲ 104.9%
79.98M▼ 11.2%
144.5M▲ 80.7%
49.29M▼ 65.9%
182.38M▲ 270.0%
273.83M▲ 50.1%
265.22M▼ 3.1%
412.9M▲ 0%
Operating Margin %
24.88%27.2%43.75%34.05%42.55%18.19%39.57%43.36%66.22%58.15%
Operating Income Growth %
114.27%37.66%104.85%-11.15%80.68%-65.89%270%50.14%-3.14%-
Pretax Income
31.92M▲ 0%
43.94M▲ 37.7%
90.02M▲ 104.9%
79.98M▼ 11.2%
144.5M▲ 80.7%
49.29M▼ 65.9%
182.38M▲ 270.0%
273.83M▲ 50.1%
273.48M▼ 0.1%
86.88M▲ 0%
Pretax Margin %
24.88%27.2%43.75%34.05%42.55%18.19%39.57%43.36%68.29%12.24%
Income Tax
885K2.14M8.1M-2.78M17.16M7.38M31.62M70.2M85.25M30.57M
Effective Tax Rate %
2.77%4.88%8.99%-3.47%11.87%14.97%17.34%25.64%31.17%35.19%
Net Income
30.86M▲ 0%
41.58M▲ 34.7%
81.56M▲ 96.2%
82.42M▲ 1.0%
126.58M▲ 53.6%
41.5M▼ 67.2%
148.84M▲ 258.6%
200.04M▲ 34.4%
184.55M▼ 7.7%
55.97M▲ 0%
Net Margin %
24.05%25.74%39.64%35.09%37.27%15.31%32.3%31.68%46.08%7.88%
Net Income Growth %
110.59%34.75%96.18%1.04%53.59%-67.21%258.62%34.4%-7.74%-58.11%
Net Income (Continuing)
31.04M41.8M81.92M82.76M127.35M41.91M150.76M203.63M188.24M56.31M
EPS (Diluted)
0.57▲ 0%
0.75▲ 31.6%
1.24▲ 65.3%
1.10▼ 11.3%
1.51▲ 37.3%
0.45▼ 70.2%
1.42▲ 215.6%
1.62▲ 14.1%
1.41▼ 13.0%
0.44▲ 0%
EPS Growth %
78.13%31.58%65.33%-11.29%37.27%-70.2%215.56%14.08%-12.96%-65.35%
EPS (Basic)
0.570.751.251.131.570.471.451.721.49-
Diluted Shares Outstanding
50.36M52.78M64.77M74.37M87.67M90.61M109.47M130.5M138.18M127.58M

HASI Balance Sheet

HA Sustainable Infrastructure Capital, Inc. (HASI) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
57.27M21.42M6.21M286.25M226.2M155.71M62.63M129.76M145.22M685.05M
Cash & Due from Banks
57.27M21.42M6.21M286.25M226.2M155.71M62.63M129.76M145.22M151.5M
Short Term Investments
0000000000
Total Investments
673.82M640.84M498.63M1.28B1.76B1.87B2.97B3.61B4.19B4.33B
Investments Growth %
59.92%-4.9%-22.19%156.63%37.51%6.25%58.65%21.78%16.05%68.91%
Long-Term Investments
673.82M640.84M498.63M1.28B1.76B1.87B2.97B3.61B4.19B16.74B
Accounts Receivables
001.16B1.21B1.45B2.08B3.11B2.97B3.69B3.61B
Goodwill & Intangibles
94M96M0087M84M14M000
Goodwill
0000000000
Intangible Assets
94M96M0087M84M14M000
PP&E (Net)
0000000000
Other Assets
1.48B1.42B722.83M679.26M629.3M575.47M400.26M366.7M156.82M107.7M
Total Current Assets
1.07B1B1.17B1.5B1.67B2.23B3.17B3.1B3.84B3.77B
Total Non-Current Assets
2.25B2.15B1.22B1.96B2.48B2.53B3.38B3.98B4.35B4.44B
Total Assets
2.25B▲ 0%
2.15B▼ 4.2%
2.39B▲ 10.8%
3.46B▲ 44.9%
4.15B▲ 19.9%
4.76B▲ 14.7%
6.55B▲ 37.7%
7.08B▲ 8.1%
8.19B▲ 15.6%
8.2B▲ 0%
Asset Growth %
28.88%-4.23%10.78%44.9%19.93%14.75%37.65%8.06%15.65%62.39%
Return on Assets (ROA)
1.54%1.89%3.59%2.82%3.33%0.93%2.63%2.93%2.42%0.7%
Accounts Payable
25.64M36.51M54.35M59.94M88.87M120.11M163.31M275.64M00
Total Debt
1.43B1.24B1.39B2.19B2.49B2.98B4.25B4.4B5.08B5.35B
Net Debt
1.37B1.22B1.39B1.9B2.27B2.82B4.18B4.27B4.93B5.2B
Long-Term Debt
1.43B1.24B1.39B2.19B2.49B2.98B4.25B4.4B5.06B5.34B
Short-Term Debt
66M000000015M8M
Other Liabilities
178.95M110.61M000000453.7M321.02M
Total Current Liabilities
24.55M34.51M54.35M59.94M88.87M120.11M163.31M275.64M15M8M
Total Non-Current Liabilities
1.61B1.35B1.39B2.19B2.49B2.98B4.25B4.4B5.52B5.66B
Total Liabilities
1.61B1.35B1.45B2.25B2.58B3.1B4.41B4.68B5.53B5.67B
Total Equity
642.78M▲ 0%
804.52M▲ 25.2%
939.91M▲ 16.8%
1.21B▲ 28.8%
1.57B▲ 29.4%
1.66B▲ 6.3%
2.14B▲ 28.6%
2.41B▲ 12.3%
2.66B▲ 10.5%
2.53B▲ 0%
Equity Growth %
11.92%25.16%16.83%28.75%29.45%6.27%28.65%12.3%10.51%40.15%
Equity / Assets (Capital Ratio)
28.57%37.33%39.37%34.98%37.76%34.97%32.68%33.97%32.46%30.9%
Return on Equity (ROE)
5.07%5.75%9.35%7.67%9.12%2.57%7.82%8.8%7.29%2.14%
Book Value per Share
12.7615.2414.5116.2717.8718.3719.5618.4319.2319.87
Tangible BV per Share
10.9013.4214.5116.2716.8817.4519.4418.4319.2319.87
Common Stock
517K605K663K765K853K908K1.12M1.19M1.28M1.28M
Additional Paid-in Capital
770.98M965.38M1.1B1.39B1.73B1.92B2.38B2.59B2.85B2.85B
Retained Earnings
-131.25M-163.21M-169.79M-204.11M-193.71M-285.47M-303.54M-297.5M-323.07M-449.9M
Accumulated OCI
-1.06M-1.68M009.9M-10.4M13.16M40.1M47.08M38.73M
Treasury Stock
0000000000
Preferred Stock
0000000000

HASI Cash Flow Statement

HA Sustainable Infrastructure Capital, Inc. (HASI) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
11.72M58.79M29.49M73.28M13.31M230K99.69M5.85M226.73M233.41M
Operating CF Growth %
-79.39%401.78%-49.84%148.51%-81.84%-98.27%43243.04%-94.13%3774.45%2104.33%
Net Income
31.04M41.8M81.92M82.76M127.35M41.91M150.76M203.63M182.63M55.97M
Depreciation & Amortization
3.55M4.53M3.59M3.58M3.8M3.99M3.13M1M780K613K
Deferred Taxes
0000000000
Other Non-Cash Items
-19.2M-7.1M-43.49M3.2M-106.26M14.52M-110.11M-192.28M-12.45M388.53M
Working Capital Changes
-3.67M19.57M-12.54M-16.26M-11.58M-60.19M55.92M-6.5M55.77M-214.28M
Cash from Investing
-297.88M50.8M-201.14M-831.65M-703.4M-592.11M-1.99B-131.19M-915.24M-729.66M
Purchase of Investments
-254.93M-101.66M-197.93M-926.05M-406.69M-140.22M-883.82M-407.15M-518.5M-569.97M
Sale/Maturity of Investments
8.18M41.1M227.15M70.94M14.78M8.72M014.86M00
Net Investment Activity
-246.75M-60.56M29.23M-855.1M-391.91M-131.5M-883.82M-392.29M-518.5M-569.97M
Acquisitions
000000000299.98M
Other Investing
-51.13M111.36M-230.37M23.45M-311.49M-460.61M-1.11B261.1M-396.75M-459.67M
Cash from Financing
345.2M-168.42M218.88M962.12M630.84M516.78M1.79B200.41M683.58M563.65M
Dividends Paid
-68.23M-70.99M-86.41M-99.87M-113.51M-132.2M-159.79M-192.27M-209.78M-216.2M
Share Repurchases
00000000-8.39M-8.39M
Stock Issued
96.9M187.26M138.38M298.07M200.64M188.88M492.38M203.53M236.74M190.13M
Net Stock Activity
96.9M187.26M138.38M298.07M200.64M188.88M492.38M203.53M228.34M181.73M
Debt Issuance (Net)
1000K-1000K1000K1000K1000K1000K1000K1000K1000K2M
Other Financing
-150.18M-88.59M-37.72M-32.46M-45.88M-24.79M-18.2M16.14M-51.83M-65.27M
Net Change in Cash
59.03M▲ 0%
-58.82M▼ 199.6%
47.23M▲ 180.3%
203.75M▲ 331.4%
-59.26M▼ 129.1%
-75.1M▼ 26.7%
-100.89M▼ 34.3%
75.08M▲ 174.4%
-4.93M▼ 106.6%
67.86M▲ 0%
Exchange Rate Effect
000000000449K
Cash at Beginning
59.14M118.18M59.35M106.59M310.33M251.07M175.97M75.08M150.16M145.22M
Cash at End
118.18M59.35M106.59M310.33M251.07M175.97M75.08M150.16M145.22M151.5M
Interest Paid
00000000041.3M
Income Taxes Paid
0000000000
Free Cash Flow
11.72M▲ 0%
58.79M▲ 401.8%
29.49M▼ 49.8%
73.28M▲ 148.5%
13.31M▼ 81.8%
230K▼ 98.3%
99.69M▲ 43243.0%
5.85M▼ 94.1%
226.73M▲ 3774.5%
233.41M▲ 0%
FCF Growth %
-79.39%401.78%-49.84%148.51%-81.84%-98.27%43243.04%-94.13%3774.45%547.16%

HASI Banking Ratios

HA Sustainable Infrastructure Capital, Inc. (HASI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
5.07%5.75%9.35%7.67%9.12%2.57%7.82%8.8%7.29%2.14%
Return on Assets (ROA)
1.54%1.89%3.59%2.82%3.33%0.93%2.63%2.93%2.42%0.7%
Net Interest Margin
-0.14%-0.04%0.5%0.1%-0.12%0.78%0.86%0.67%-0.07%-0.08%
Efficiency Ratio
24.08%25.22%25.03%26.7%21.61%39.18%23.32%18.26%33.39%20.5%
Equity / Assets
28.57%37.33%39.37%34.98%37.76%34.97%32.68%33.97%32.46%30.9%
Book Value / Share
12.7615.2414.5116.2717.8718.3719.5618.4319.2319.87
NII Growth
-167.84%71.06%1373.59%-71.76%-251.73%822.13%51.46%-15.28%-112.72%-115.9%
Dividend Payout
221.14%170.74%105.94%121.17%89.68%318.53%107.36%96.12%113.67%284.75%
Related:HASI Dividend History·HASI Revenue History·HASI Price History·HASI P/E History·HASI Financial Ratios·HASI Institutional Holders

HASI SEC Filings & Documents

HA Sustainable Infrastructure Capital, Inc. (HASI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Mar 27, 2026·SEC

Material company update

Mar 3, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 14, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

HASI Frequently Asked Questions

HA Sustainable Infrastructure Capital, Inc. (HASI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

HA Sustainable Infrastructure Capital, Inc. (HASI) saw revenue decline by 36.6% over the past year.

Yes, HA Sustainable Infrastructure Capital, Inc. (HASI) is profitable, generating $56.0M in net income for fiscal year 2025 (46.1% net margin).

Dividend & Returns

Yes, HA Sustainable Infrastructure Capital, Inc. (HASI) pays a dividend with a yield of 3.89%. This makes it attractive for income-focused investors.

HA Sustainable Infrastructure Capital, Inc. (HASI) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Industry Metrics

HA Sustainable Infrastructure Capital, Inc. (HASI) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.

HA Sustainable Infrastructure Capital, Inc. (HASI) has an efficiency ratio of 33.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in HASI back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

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How much would $100/month in HASI be worth today?

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