HA Sustainable Infrastructure Capital, Inc. (HASI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HASI Revenue Growth
HASI Revenue Analysis (2014–2025)
As of May 7, 2026, HA Sustainable Infrastructure Capital, Inc. (HASI) generated trailing twelve-month (TTM) revenue of $770.7 million, reflecting significant decline in growth of -38.7% year-over-year. The most recent quarter (Q4 2025) recorded $114.8 million in revenue, down 49.6% sequentially.
Looking at the longer-term picture, HASI's 5-year compound annual growth rate (CAGR) stands at +11.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $631.5 million in 2024.
When compared to Financial Services sector peers including CSWC, ARCC, and GBDC, HASI has underperformed the peer group in terms of revenue growth. Compare HASI vs CSWC →
HASI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HASICurrent | $771M | -38.7% | +11.3% | 66.2% | |
 CSWC | $164M | - | - | 48.5% | |
 ARCC | $3.1B | - | - | 69.7% | |
 GBDC | $871M | - | - | 78.9% | |
 TPVG | $97M | - | - | 77.9% | |
 BEP | $6.5B | +9.4% | +11.3% | 13.4% |
HASI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $400.5M | - | $398.9M | 99.6% | $265.2M | 66.2% |
| 2024 | $631.5M | - | $389.1M | 61.6% | $273.8M | 43.4% |
| 2023 | $460.8M | - | $289.8M | 62.9% | $182.4M | 39.6% |
| 2022 | $271.0M | - | $155.5M | 57.4% | $49.3M | 18.2% |
| 2021 | $339.6M | - | $217.9M | 64.2% | $144.5M | 42.6% |
| 2020 | $234.9M | - | $142.7M | 60.8% | $80.0M | 34.1% |
| 2019 | $205.8M | - | $141.5M | 68.8% | $90.0M | 43.7% |
| 2018 | $161.6M | - | $84.7M | 52.4% | $43.9M | 27.2% |
| 2017 | $128.3M | - | $62.8M | 49.0% | $31.9M | 24.9% |
| 2016 | $87.3M | - | $42.1M | 48.2% | $14.9M | 17.1% |
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Start ComparisonHASI — Frequently Asked Questions
Quick answers to the most common questions about buying HASI stock.
Is HASI's revenue growth accelerating or slowing?
HASI revenue declined -38.7% year-over-year, contrasting with the 5-year CAGR of +11.3%. TTM revenue fell to $771M. This reverses the prior growth trend.
What is HASI's long-term revenue growth rate?
HA Sustainable Infrastructure Capital, Inc.'s 5-year revenue CAGR of +11.3% reflects the variable expansion pattern. Current YoY growth of -38.7% is below this long-term average.
How is HASI's revenue distributed by segment?
HASI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.