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Friday 6 November 2026 Export HASI’s income statement to Excel — free account

HA Sustainable Infrastructure Capital, Inc.

HASI Financial Asset Management

HA Sustainable Infrastructure Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $400.5 million, up 4.41% from fiscal 2024.

Revenue
+11.1%
EPS
+72.7%
Free cash flow
−14.5%
Total debt
+24.4%

Quarter to September 2026, against a year earlier

39.86 0.52 −1.29%
Market cap
$5.1B
P/E
35.0×
Fwd P/E
24.0×
Dividend yield
4.25%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

HA Sustainable Infrastructure Capital, Inc. (HASI) Net margin

Alert me on Net margin

HA Sustainable Infrastructure Capital, Inc.'s net margin over the twelve months to 30 September 2026 was 31.5%, down 14.6 percentage points from fiscal 2025 (46.1%). Over the past ten years it has ranged from 13.6% (fiscal 2015) to 59.4% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Asset Management industry median of 11.9% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 46.1% (6.07)
FY2024 52.2% 5.62
FY2023 46.5% 29.22
FY2022 17.3% (42.07)
FY2021 59.4% 15.29
FY2020 44.1% (13.52)
FY2019 57.6% 27.78
FY2018 29.8% 0.72
FY2017 29.1% 13.28
FY2016 15.8% 2.27

Quarterly newest first

Period Net margin Change (points)
Sep 2026 128.0% 21.48
Jun 2026 106.5% 164.42
Mar 2026 −57.9% (11.10)
Dec 2025 −46.8% (127.61)
43 more quarters

Against its own ten years

Low 13.6% High 59.4%
Ten-year median 44.1%
Current reading's percentile 21

Net margin against peers

Company Net margin
MAIN Main Street Capital Corporation compare 78.5%
HLNE Hamilton Lane Inc. compare 32.4%
CNS Cohen & Steers Inc compare 28.2%
OTF Blue Owl Technology Finance Corp. compare 27.1%
BXSL Blackstone Secured Lending Fund compare 21.1%
OBDC Blue Owl Capital Corporation compare 20.8%
FHI Federated Hermes, Inc. compare 20.3%
HASI HA Sustainable Infrastructure Capital, Inc. 18.6%
STEP StepStone Group Inc. compare −30.5%
Asset Management industry median 11.9%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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