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

38.74 0.94 −2.37%
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

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

Alert me on Operating margin

HA Sustainable Infrastructure Capital, Inc.'s operating margin over the twelve months to 30 September 2026 was 68.4%, up 2.2 percentage points from fiscal 2025 (66.2%). Over the past ten years it has ranged from 55.7% (fiscal 2022) to 70.9% (fiscal 2017); the current reading is higher than 45% of that period. That is above the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 66.2% (3.73)
FY2024 70.0% 3.54
FY2023 66.4% 10.70
FY2022 55.7% (9.87)
FY2021 65.6% (0.87)
FY2020 66.5% 2.82
FY2019 63.6% (7.14)
FY2018 70.8% (0.09)
FY2017 70.9% 4.32
FY2016 66.5% 7.52

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 63.9% (16.71)
Jun 2026 80.6% 20.98
Mar 2026 59.6% (10.19)
Dec 2025 69.8% 5.42
43 more quarters

Against its own ten years

Low 55.7% High 70.9%
Ten-year median 66.4%
Current reading's percentile 71

Operating margin against peers

Company Operating margin
MAIN Main Street Capital Corporation compare 87.0%
BXSL Blackstone Secured Lending Fund compare 83.3%
OBDC Blue Owl Capital Corporation compare 75.1%
HASI HA Sustainable Infrastructure Capital, Inc. 68.7%
HLNE Hamilton Lane Inc. compare 43.7%
CNS Cohen & Steers Inc compare 32.4%
FHI Federated Hermes, Inc. compare 27.8%
OTF Blue Owl Technology Finance Corp. compare 0.00%
STEP StepStone Group Inc. compare −58.2%
Asset Management industry median 27.3%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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