HA Sustainable Infrastructure Capital, Inc.

HASI

HA Sustainable Infrastructure Capital, Inc.

HASI

Insider Sentiment (TTM):

Last Purchase:2024-11-11Last Sale:2026-02-17Shares Purchased (TTM):0Shares Sold (TTM):134,398

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:112,747,596Shares Outstanding:127,577,861Institutional Ownership Pct.:88.38%

Earnings Market Reaction:

Filing Date:2026-08-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Nonrecourse	-	303	311	3	5	300	307	-4	2	304	239	-354
Assets
Government Receivables	-	-	-	-	-	-	-	-	-	-	91	-3
Cash And Cash Equivalents At Carrying Value	250	124	110	302	87	67	130	44	146	61	63	156
Equity Method Investments	4,782	4,254	4,116	4,135	4,083	3,993	3,612	3,353	3,371	3,263	2,966	2,564
Notes Receivable Net	3,145	3,252	3,280	3,094	3,026	2,961	2,896	2,900	2,769	3,113	3,074	2,799
Loans Receivable Held For Sale Amount	-	-	-	-	43	92	76	22	36	5	35	17
Real Estate Investments	-	-	-	-	-	3	3	3	3	3	111	111
Available For Sale Securities Debt Securities	-	-	-	-	-	7	7	18	7	7	7	9
Trade Receivables Held For Sale Net Not Part Of Di…	73	36	114	235	-	-	76	-	-	-	-	-
Accounts Receivable From Securitization	332	326	300	278	272	265	249	258	238	220	219	183
Other Assets	283	135	192	82	69	87	108	75	89	55	77	69
Assets	8,941	8,202	8,188	8,204	7,596	7,476	7,080	6,673	6,659	6,728	6,552	5,908
Liabilities And Stockhold…
Liabilities
Accounts Payable And Accrued Liabilities Current A…	390	282	381	329	292	283	276	219	222	204	163	151
Line Of Credit	1	1	46	161	1	1	1	116	317	201	401	487
Commercial Paper	0	0	225	670	356	430	100	18	110	65	30	50
Loans Payable	476	382	386	392	398	403	408	412	414	693	727	567
Unsecured Debt	-	-	-	3,443	3,431	3,145	3,139	2,840	2,524	2,550	2,319	1,782
Senior Notes	3,805	3,380	3,466	-	-	-	3,139	-	-	-	-	-
Junior Subordinated Notes	1,094	1,103	498	-	-	-	0	-	-	-	-	-
Convertible Notes Payable	404	400	403	399	403	618	620	613	614	608	610	604
Liabilities	6,291	5,668	5,530	5,518	5,008	5,005	4,675	4,349	4,336	4,455	4,411	3,808
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital Common Stock	2,857	2,853	2,850	2,795	2,724	2,646	2,593	2,568	2,468	2,415	2,382	2,353
Retained Earnings Accumulated Deficit	-376	-450	-323	-216	-245	-292	-297	-318	-249	-228	-304	-349
Accumulated Other Comprehensive Income Loss Net Of…	59	39	47	25	31	38	40	8	41	29	13	47
Minority Interest	108	92	83	81	78	77	68	65	63	56	49	47
Stockholders Equity	2,650	2,535	2,658	2,686	2,589	2,471	2,405	2,323	2,323	2,273	2,142	2,100
Liabilities And Stockholders Equity	8,941	8,202	8,188	8,204	7,596	7,476	7,080	6,673	6,659	6,728	6,552	5,908
Commercial Receivables	-	-	629	-	-	-	822	-	-	-	50	7
Equity Method Investee	-	550	629	-	-	-	822	-	-	-	-	-
Asset Pledged As Collateral	-	303	311	3	5	300	307	-4	2	304	239	-354
Fair Value Inputs Level3	-	-	-	2,989	-	-	-	0	-	-	-	-
Estimate Of Fair Value Fair Value Disclosure	-	-	-	191	-	-	-	0	-	-	-	-
Financing Receivable Allowance For Credit Losses	-	67	62	58	55	54	50	49	48	52	50	51
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	450	450	450	450	450	450	450	450	450	450	450	450
Common Stock Shares Issued	128	128	128	126	124	121	119	118	115	113	112	111
Shares Outstanding	128	128	128	126	124	121	119	118	115	113	112	111

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-0.12%	-3.58%	-5.49%	-	-	-	-	-	-	-	-	-
2025	-3.28%	6.80%	9.48%	9.84%	18.67%	14.02%	7.27%	2.68%	7.37%	-9.67%	-5.45%	8.35%
2024	9.33%	-2.79%	9.23%	6.78%	11.27%	14.13%	9.65%	-4.27%	-3.01%	6.78%	-2.01%	-7.26%
2023	-	-	-	-	-	-	7.86%	27.99%	4.58%	-1.07%	2.86%	0.53%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	1.58	1.44	2.13	2.54	2.06	1.73	2.11	2.33	2.63	2.66	2.06	1.18
Per Share Metrics
Diluted EPS TTM	1.00	0.90	1.77	2.22	1.49	0.96	1.53	1.90	2.29	1.90	1.36	0.36
Free Cash Flow Per Share TTM	1.63	1.72	1.36	-0.73	0.43	-0.44	0.05	0.22	0.26	0.64	0.98	0.27
Dividend Per Share TTM	1.72	1.69	1.71	1.65	1.66	1.65	1.66	1.60	1.58	1.51	1.57	1.38
Margin Metrics
Gross Profit Margin TTM	40.21%	37.68%	41.22%	28.30%	27.47%	34.57%	36.82%	37.27%	42.86%	45.13%	46.54%	48.24%
Operating Profit Margin TTM	-3.03%	-8.87%	-5.46%	-6.35%	-6.09%	2.09%	6.76%	9.24%	13.47%	14.02%	12.94%	9.49%
Net Profit Margin TTM	25.60%	21.82%	49.22%	79.96%	56.13%	35.25%	52.15%	59.96%	69.49%	69.77%	46.53%	13.47%
Growth Metrics
Net Revenue Growth (1Y)	53.01%	40.03%	29.68%	4.91%	-2.89%	5.09%	19.92%	26.51%	43.86%	42.43%	33.43%	24.02%
Net Income Growth (1Y)	-30.21%	-13.33%	22.40%	39.90%	-21.56%	-46.90%	34.40%	463.09%	399.93%	1,119.72%	258.62%	-68.33%
EPS Growth (1Y)	-33.66%	-18.90%	15.01%	30.91%	-26.20%	-49.91%	18.46%	420.25%	324.14%	886.69%	208.12%	-74.21%
Valuation Metrics
P/E TTM	34.45	40.04	15.44	11.77	14.90	24.42	14.32	16.34	11.45	11.22	16.47	49.03
P/B TTM	1.86	1.81	1.42	1.36	1.18	1.31	1.19	1.56	1.29	1.23	1.14	0.92
P/S TTM	8.82	8.74	7.60	9.41	8.36	8.61	7.47	9.80	7.96	7.83	7.66	6.60
Market Cap	4.94B	4.58B	3.78B	3.64B	3.06B	3.23B	2.87B	3.61B	3.00B	2.79B	2.45B	1.93B
Enterprise Value	9.56B	8.92B	7.82B	3.99B	3.31B	3.57B	5.95B	3.57B	2.95B	2.78B	2.41B	1.81B
Calculated Values
Free Cash Flow TTM	208.53M	220.05M	167.32M	-91.56M	52.19M	-52.20M	5.85M	25.40M	30.08M	71.82M	99.69M	28.60M
Net Debt	4.62B	4.33B	4.04B	351.80M	252.39M	346.77M	3.09B	-40.37M	-51.02M	-12.05M	-44.89M	-119.56M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-02-17Sale

Owner: Eckel, Jeffrey

Title: -

Shares: 134,398

Price/Share: $39.28

Value: $5,279,153.44

Shares Owned: 9,050

Relationship: Director

Ownership: Indirect

2024-11-11Purchase

Owner: Pangburn, Marc T.

Title: Chief Financial Officer

Shares: 3,500

Price/Share: $28.71

Value: $100,485.00

Shares Owned: 56,791

Relationship: Officer

Ownership: Direct

2024-09-16Sale

Owner: Eckel, Jeffrey

Title: Executive Chair

Shares: 36,330

Price/Share: $34.75

Value: $1,262,467.50

Shares Owned: 436,719

Relationship: Director,Officer

Ownership: Indirect

2024-09-11Sale

Owner: Rose, Nathaniel

Title: EVP & CIO

Shares: 10,000

Price/Share: $33.50

Value: $335,000.00

Shares Owned: 153,164

Relationship: Officer

Ownership: Direct

2023-11-20Purchase

Owner: Armbrister, Clarence D

Title: -

Shares: 420

Price/Share: $23.99

Value: $10,075.80

Shares Owned: 420

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-02-17	Eckel, Jeffrey	Director	-	Indirect	Sale	134,398	39.28	$5,279,153.44	9,050	4
2024-11-11	Pangburn, Marc T.	Officer	Chief Financial Officer	Direct	Purchase	3,500	28.71	$100,485.00	56,791	4
2024-09-16	Eckel, Jeffrey	Director,Officer	Executive Chair	Indirect	Sale	36,330	34.75	$1,262,467.50	436,719	4
2024-09-11	Rose, Nathaniel	Officer	EVP & CIO	Direct	Sale	10,000	33.50	$335,000.00	153,164	4
2023-11-20	Armbrister, Clarence D	Director	-	Direct	Purchase	420	23.99	$10,075.80	420	4
2023-08-21	Pangburn, Marc T.	Officer	Chief Financial Officer	Direct	Purchase	5,000	21.09	$105,450.00	53,291	4
2023-08-21	Brenner, Teresa	Director	-	Direct	Purchase	1,000	20.83	$20,830.00	12,360	4
2023-08-21	Lipson, Jeffrey	Officer	Chief Executive Officer	Direct	Purchase	4,000	21.09	$84,360.00	36,925	4
2023-08-21	Eckel, Jeffrey	Director,Officer	Executive Chair	Direct	Purchase	2,525	19.76	$49,894.00	19,162	4
2023-08-21	Santoroski, Richard	Officer	EVP and Chief Risk Officer	Direct	Purchase	2,500	20.46	$51,150.00	2,500	4
2023-08-21	Osborne, Richard J	Director	-	Direct	Purchase	1,000	19.66	$19,660.00	36,645	4
2023-08-18	Chuslo, Steven	Officer	EVP AND CHIEF LEGAL OFFICER	Direct	Purchase	5,000	20.93	$104,650.00	226,561	4
2023-08-18	Mcmahon, Daniel K.	Officer	EVP	Direct	Purchase	10,000	21.18	$211,800.00	118,625	4
2023-08-18	Rose, Nathaniel	Officer	EVP & CIO	Direct	Purchase	5,000	21.01	$105,050.00	163,164	4
2023-08-18	Melko, Charles	Officer	CAO & Treasurer	Direct	Purchase	2,000	21.24	$42,480.00	22,563	4
2023-03-16	Eckel, Jeffrey	Director,Officer	Executive Chair	Indirect	Purchase	2,087	23.92	$49,921.04	549,894	4
2023-03-16	Pangburn, Marc T.	Officer	Chief Financial Officer	Direct	Purchase	3,000	24.12	$72,360.00	48,291	4
2023-03-16	Lipson, Jeffrey	Officer	Chief Executive Officer	Direct	Purchase	3,000	24.36	$73,080.00	32,925	4
2023-03-16	Nickey, Susan D	Officer	EVP and Chief Client Officer	Indirect	Purchase	2,000	23.91	$47,820.00	58,245	4
2023-03-16	Rose, Nathaniel	Officer	EVP & CIO	Direct	Purchase	10,000	24.10	$241,000.00	158,164	4
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Institutional Ownership

No data available for chart

2026-03-31

88.38%

Inst. Shares: 112,747,596

Shares Outstanding: 127,577,861

2025-12-31

93.36%

Inst. Shares: 114,809,024

Shares Outstanding: 122,975,541

2025-09-30

93.60%

Inst. Shares: 116,619,992

Shares Outstanding: 124,590,160

2025-06-30

93.25%

Inst. Shares: 113,316,870

Shares Outstanding: 121,515,164

2025-03-31

94.48%

Inst. Shares: 112,791,230

Shares Outstanding: 119,381,781

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	112,747,596	127,577,861	88.38%
2025-12-31	114,809,024	122,975,541	93.36%
2025-09-30	116,619,992	124,590,160	93.60%
2025-06-30	113,316,870	121,515,164	93.25%
2025-03-31	112,791,230	119,381,781	94.48%
2024-12-31	112,603,617	115,548,087	97.45%
2024-09-30	101,323,525	116,584,392	86.91%
2024-06-30	97,349,596	114,329,692	85.15%
2024-03-31	92,023,152	112,617,809	81.71%
2023-12-31	93,472,537	101,844,551	91.78%
2023-09-30	92,572,902	107,715,057	85.94%
2023-06-30	75,647,074	96,996,805	77.99%
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HA Sustainable Infrastructure Capital, Inc. (HASI) — SEC Financial Statements & Analysis

HA Sustainable Infrastructure Capital, Inc. (HASI) is a investors, nec company, incorporated in DE. HA Sustainable Infrastructure Capital, Inc. trades on NYSE as: HASI. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), HA Sustainable Infrastructure Capital, Inc. reported a 53.01% year-over-year revenue growth, a Gross Profit Margin of 40.21% (TTM), a Price-to-Sales (P/S) ratio of 8.82x (TTM), a Price-to-Book (P/B) ratio of 1.86x (TTM), at a market cap of $4.94B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 53.01%
Gross Profit Margin TTM: 40.21%
P/S TTM: 8.82x
P/B TTM: 1.86x
Market Cap: $4.94B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is HA Sustainable Infrastructure Capital, Inc. in?

HA Sustainable Infrastructure Capital, Inc. (HASI) operates in the Investors, NEC industry.

What is HASI's market cap?

HA Sustainable Infrastructure Capital, Inc. (HASI) has a market capitalization of $4.94B as of 2026-06-30.

What is HASI's P/E ratio?

HA Sustainable Infrastructure Capital, Inc. (HASI)'s trailing twelve month P/E ratio is 34.45x as of 2026-06-30.

What exchange does HASI trade on?

HA Sustainable Infrastructure Capital, Inc. (HASI) trades on the NYSE.

Where is HA Sustainable Infrastructure Capital, Inc. incorporated?

HA Sustainable Infrastructure Capital, Inc. is incorporated in DE.