Last 48 quarters of trend data · Financial Services · Financial - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 45.0% YoY to 14.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.12 | — | — | 12.58 | 9.07 | 16.61 | 13.15 | — | 32.17 | 7.24 | 9.32 | 26.50 | 44.64 |
| — | — | — | — | -71.8% | +129.3% | +41.2% | — | -27.9% | -73.7% | — | +34.6% | — | |
| P/S Ratio | 13.55 | 9.44 | 8.65 | 4.71 | 3.80 | 5.45 | 4.91 | 17.16 | 6.98 | 3.52 | 4.47 | 6.25 | 8.16 |
| — | +73.0% | +75.9% | -72.6% | -45.5% | +55.0% | +10.0% | +174.7% | -14.5% | -52.2% | -78.6% | -16.6% | -57.2% | |
| P/B Ratio | 2.21 | 1.78 | 1.49 | 1.60 | 1.43 | 1.63 | 1.53 | 1.73 | 1.46 | 1.64 | 1.67 | 1.10 | 1.25 |
| — | +9.3% | -2.4% | -7.8% | -2.0% | -0.2% | -8.4% | +57.0% | +16.3% | +0.8% | +7.0% | -33.0% | -39.5% | |
| P/FCF | 23.94 | 75.07 | 3.91 | — | 11.62 | — | — | 45.79 | — | 44.44 | 121.65 | 21.74 | 36.93 |
| — | — | — | — | — | — | — | +110.7% | — | +222.2% | — | +190.8% | -77.4% | |
| EV / EBITDA | 38.94 | 14.52 | 27.45 | 19.18 | 15.07 | 26.41 | 21.51 | — | 49.08 | 11.56 | 15.12 | 83.55 | 109.67 |
| — | -45.0% | +27.6% | — | -69.3% | +128.5% | +42.2% | — | -55.2% | -78.9% | — | +181.3% | — | |
| EV / EBIT | 39.06 | — | 196.48 | 19.21 | 15.09 | 26.46 | 21.58 | — | 49.31 | 11.58 | 15.17 | 88.02 | 118.28 |
| — | — | +810.4% | — | -69.4% | +128.5% | +42.3% | — | -58.3% | -79.6% | — | +189.5% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
HA Sustainable Infrastructure Capital, Inc.'s operating margin was 63.2% in Q1 2026, down 7.2 pp QoQ and up 18.8 pp YoY. The trailing four-quarter average of 60.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 9.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.6% | 71.4% | 99.7% | 68.6% | 67.2% | 65.0% | 67.1% | -1.4% | 51.0% | 76.6% | 74.7% | 53.3% | 47.9% |
| — | +9.8% | +48.5% | +4876.6% | +31.9% | -15.1% | -10.2% | -102.7% | +6.4% | +29.1% | +4182.6% | -21.0% | +43.8% | |
| Operating Margin | 66.2% | 63.2% | 70.5% | 52.5% | 56.7% | 44.4% | 49.2% | -44.9% | 30.7% | 64.6% | 63.9% | 17.8% | 15.6% |
| — | +42.5% | +43.2% | +216.9% | +84.5% | -31.3% | -23.0% | -351.7% | +97.4% | +127.1% | +174.6% | -62.0% | +128.8% | |
| Net Margin | 46.1% | -57.9% | -46.8% | 36.6% | 40.5% | 30.6% | 37.4% | -33.5% | 21.9% | 46.5% | 44.9% | 23.2% | 17.7% |
| — | -289.2% | -225.1% | +209.2% | +85.0% | -34.2% | -16.5% | -244.7% | +23.8% | +76.7% | +169.9% | -39.2% | +141.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | -2.7% | -2.0% | 3.2% | 3.9% | 2.3% | 3.0% | -0.8% | 1.2% | 5.6% | 4.2% | 1.0% | 0.7% |
| — | -217.3% | -167.9% | +473.9% | +237.0% | -58.3% | -30.0% | -180.6% | +56.0% | +284.2% | +452.1% | -50.8% | +164.3% | |
| ROA | 2.4% | -0.9% | -0.7% | 1.1% | 1.3% | 0.8% | 1.0% | -0.3% | 0.4% | 1.9% | 1.4% | 0.4% | 0.3% |
| — | -212.9% | -164.4% | +458.1% | +229.5% | -58.0% | -29.2% | -177.4% | +54.2% | +280.4% | +434.7% | -50.4% | +160.9% | |
| ROIC | 2.7% | 1.1% | 0.8% | 1.2% | 1.4% | 0.9% | 1.0% | -0.3% | 0.4% | 2.0% | 1.6% | 0.2% | 0.2% |
| — | +29.3% | -25.4% | +485.7% | +230.7% | -55.6% | -34.0% | -236.0% | +148.2% | +390.7% | +457.0% | -69.0% | +142.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.91 | — | 1.91 | 1.93 | 1.82 | 1.91 | 1.83 | 1.78 | 1.77 | 1.87 | 1.98 | 1.74 | 1.64 |
| — | — | +4.4% | +8.7% | +2.9% | +2.2% | -7.8% | +2.1% | +8.1% | -7.7% | +11.0% | +5.4% | -7.6% | |
| Debt / EBITDA | 19.08 | — | 62.62 | 43.39 | 34.12 | 57.42 | 47.62 | — | 109.79 | 24.85 | 33.11 | 210.17 | 254.11 |
| — | — | +31.5% | — | -68.9% | +131.1% | +43.8% | — | -56.8% | -80.1% | — | +235.4% | — | |
| Current Ratio | 255.93 | — | 255.93 | 11.03 | 10.81 | 11.04 | 10.98 | 13.55 | 13.27 | 15.61 | 19.42 | 19.73 | 20.65 |
| — | — | +2231.6% | -18.6% | -18.6% | -29.2% | -43.5% | -31.3% | -35.7% | -15.0% | +4.6% | +23.0% | +13.7% | |
| Quick Ratio | 255.93 | — | 255.93 | 11.03 | 10.81 | 11.04 | 10.98 | 13.55 | 13.27 | 15.61 | 19.42 | 19.73 | 20.65 |
| — | — | +2231.6% | -18.6% | -18.6% | -29.2% | -43.5% | -31.3% | -35.7% | -15.0% | +4.6% | +23.0% | +13.7% | |
| Interest Coverage | 1.94 | 0.79 | 0.15 | 1.67 | 1.73 | 1.27 | 1.50 | -0.44 | 0.63 | 2.76 | 2.53 | 0.38 | 0.30 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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HA Sustainable Infrastructure Capital, Inc.'s current P/E is 30.1x. The average P/E over the last 2 quarters is 10.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
HA Sustainable Infrastructure Capital, Inc.'s current operating margin is 66.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking HA Sustainable Infrastructure Capital, Inc.'s business trajectory between earnings reports.