HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:11:22Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Debt | 4.03B | 3.73B | 2.29B | 1.61B | 1.59B | 997.09M |
| Net Margin | 46.08% | 52.15% | 46.53% | 17.31% | 59.38% | 44.09% |
| Return on Equity (ROE) | 6.94% | 8.32% | 6.95% | 2.49% | 8.08% | 6.81% |
| Return on Assets (ROA) | 2.25% | 2.83% | 2.27% | 0.87% | 3.05% | 2.38% |
| Debt-to-Equity | 1.56× | 1.60× | 1.10× | 1.06× | 1.16× | 1.06× |
| Effective Tax Rate | 31.17% | 25.64% | 17.34% | 14.97% | 11.87% | -3.47% |
| Cash Conversion Ratio | 0.91× | 0.03× | 0.67× | 0.01× | 0.11× | 0.89× |
| Accruals Ratio | 0.00× | 0.03× | 0.01× | 0.01× | 0.03× | 0.00× |
| SBC % of Revenue | 7.46% | 6.68% | 6.18% | 8.38% | 8.00% | 8.98% |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 22.29× | 16.56× | 19.42× | 61.66× | 35.18× | 57.66× |
| P/S | 10.02× | 8.32× | 9.67× | 10.98× | 21.26× | 25.95× |
| P/B | 1.51× | 1.33× | 1.44× | 1.58× | 2.89× | 4.01× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 400.50M | 383.60M | 319.87M | 239.74M | 213.17M | 186.91M |
| Income Tax Expense (Benefit) | 85.25M | 70.20M | 31.62M | 7.38M | 17.16M | -2.78M |
| Net Income (Loss) Attributable to Parent | 184.55M | 200.04M | 148.84M | 41.50M | 126.58M | 82.42M |
| Earnings Per Share, Basic | $1.49 | $1.72 | $1.45 | $0.47 | $1.57 | $1.13 |
| Weighted Average Number of Shares Outstanding, Basic | 122.98M | 115.55M | 101.84M | 87.50M | 79.99M | 72.39M |
| Earnings Per Share, Diluted | $1.41 | $1.62 | $1.42 | $0.47 | $1.51 | $1.10 |
| Weighted Average Number of Shares Outstanding, Diluted | 138.18M | 130.50M | 109.47M | 90.61M | 87.67M | 74.37M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 110.22M | 129.76M | 62.63M | 155.71M | 226.20M | 286.25M |
| Assets | 8.19B | 7.08B | 6.55B | 4.76B | 4.15B | 3.46B |
| Long-term Debt | — | — | — | 433.00M | 430.00M | 593.00M |
| Liabilities | 5.53B | 4.68B | 4.41B | 3.10B | 2.58B | 2.25B |
| Common Stock, Shares, Outstanding | 127.64M | 118.96M | 112.17M | 90.84M | 85.33M | 76.46M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 167.32M | 5.85M | 99.69M | 230.00K | 13.31M | 73.28M |
| Net Cash Provided by (Used in) Investing Activities | -855.83M | -131.19M | -1.99B | -592.11M | -703.40M | -831.65M |
| Payments of Dividends | 209.78M | 192.27M | 159.79M | 132.20M | 113.51M | 99.87M |
| Net Cash Provided by (Used in) Financing Activities | 683.58M | 200.41M | 1.79B | 516.78M | 630.84M | 962.12M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Debt | 3.66B | 4.03B | 3.81B | 3.70B | 3.51B | 3.73B |
| Net Margin | -57.93% | -46.83% | 80.78% | 114.89% | 58.40% | 69.19% |
| Return on Equity (ROE) | -2.84% | -2.02% | 3.10% | 3.80% | 2.29% | 2.91% |
| Return on Assets (ROA) | -0.88% | -0.66% | 1.01% | 1.30% | 0.76% | 0.99% |
| Debt-to-Equity | 1.49× | 1.56× | 1.53× | 1.46× | 1.45× | 1.60× |
| Effective Tax Rate | 29.45% | 17.14% | 28.89% | 27.66% | 29.11% | 22.56% |
| Cash Conversion Ratio | -0.22× | -4.59× | -0.95× | 0.43× | -0.66× | -0.17× |
| Accruals Ratio | -0.01× | -0.04× | 0.02× | 0.01× | 0.01× | 0.01× |
| SBC % of Revenue | 14.34% | 5.11% | 23.31% | 21.32% | 10.13% | 6.52% |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 91.88× | 22.29× | 13.23× | 17.44× | 28.39× | 17.09× |
| P/S | 10.98× | 10.02× | 10.00× | 9.07× | 9.42× | 8.32× |
| P/B | 1.85× | 1.51× | 1.44× | 1.28× | 1.43× | 1.33× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 124.23M | 114.81M | 103.06M | 85.69M | 96.94M | 101.30M |
| Income Tax Expense (Benefit) | -30.78M | -11.30M | 34.50M | 38.16M | 23.90M | 20.77M |
| Net Income (Loss) Attributable to Parent | -71.97M | -53.77M | 83.26M | 98.44M | 56.61M | 70.09M |
| Earnings Per Share, Basic | $-0.57 | $-0.45 | $0.66 | $0.80 | $0.47 | $0.60 |
| Weighted Average Number of Shares Outstanding, Basic | 127.58M | 122.98M | 124.59M | 121.52M | 119.38M | 115.55M |
| Earnings Per Share, Diluted | $-0.57 | $-0.38 | $0.61 | $0.74 | $0.44 | $0.53 |
| Weighted Average Number of Shares Outstanding, Diluted | 127.58M | 138.18M | 139.61M | 137.74M | 137.96M | 130.50M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 124.50M | 110.22M | 301.82M | 86.51M | 67.39M | 129.76M |
| Assets | 8.20B | 8.19B | 8.20B | 7.60B | 7.48B | 7.08B |
| Liabilities | 5.67B | 5.53B | 5.52B | 5.01B | 5.01B | 4.68B |
| Common Stock, Shares, Outstanding | 127.80M | 127.64M | 126.07M | 123.58M | 120.71M | 118.96M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 15.61M | 246.67M | -79.36M | 42.45M | -37.12M | -12.20M |
| Net Cash Provided by (Used in) Investing Activities | -184.14M | -344.84M | -510.99M | -384.16M | -323.67M | -185.26M |
| Payments of Dividends | 56.82M | 54.15M | 155.63M | 102.44M | 50.40M | 50.09M |
| Net Cash Provided by (Used in) Financing Activities | 174.35M | -75.30M | 758.87M | 295.36M | 294.27M | 288.99M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (HASI CIK 0001561894),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.