HASI
$36.42-1.03%
HA Sustainable Infrastructure Capital Inc.Stock · FinancialsRussell 2000 0.2%US Stock Market 0.007%Russell 3000 0.006%
HASI financial statements
The full income statement, balance sheet, and cash-flow statement for HA Sustainable Infrastructure Capital Inc. (HASI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 116.8M2024-09 118.8M2024-12 119.3M2025-03 121.4M2025-06 124.3M2025-09 126.5M2025-12 128.2M2026-03 128.4M2026-06 128.5M+10.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 401M+4.4% | 384M+19.9% | 320M+33.4% | 240M+12.5% | 213M+14.0% | ||
| Lease income | — | 2.10M-90.1% | 21.3M-19.0% | 26.2M+1.3% | 25.9M+0.1% | |
| Selling, general & administrative | 30.7M-6.8% | 32.9M+5.2% | 31.3M+4.5% | 29.9M+50.4% | 19.9M+34.1% | |
| General & administrative | 30.7M-6.8% | 32.9M+5.2% | 31.3M+4.5% | 29.9M+50.4% | 19.9M+34.1% | |
| Provision for credit losses | 12.1M+1046.8% | 1.06M-91.0% | 11.8M-7.5% | 12.8M+2480.2% | 496K-95.1% | |
| Interest expense | 292M+20.6% | 242M+41.7% | 171M+48.0% | 116M-5.0% | 122M+32.0% | |
| Interest & investment income | — | 264M+26.9% | 208M+54.3% | 135M+26.0% | 107M+11.9% | |
| Equity-method income | 301M+21.3% | 248M+75.8% | 141M+350.5% | 31.3M-75.2% | 126M+163.6% | |
| Pre-tax income | 273M-0.1% | 274M+50.1% | 182M+270.0% | 49.3M-65.9% | 145M+80.7% | |
| Income tax | 85.2M+21.4% | 70.2M+122.0% | 31.6M+328.4% | 7.38M-57.0% | 17.2M+717.4% | |
| 185M-7.7% | 200M+34.4% | 149M+258.6% | 41.5M-67.2% | 127M+53.6% | ||
| Net income to non-controlling interest | 3.69M+2.7% | 3.59M+86.9% | 1.92M+369.7% | 409K-46.7% | 767K+123.6% | |
| Net income to common | 183M-8.0% | 199M+34.3% | 148M+262.4% | 40.8M-67.5% | 126M+54.2% | |
| $1.41-13.0% | $1.62+14.1% | $1.42+202.1% | $0.47-68.9% | $1.51+37.3% | ||
| EPS (basic) | $1.49-13.4% | $1.72+18.6% | $1.45+208.5% | $0.47-70.1% | $1.57+38.9% | |
| Weighted-avg shares (basic) | 123M+6.4% | 116M+13.5% | 102M+16.4% | 87.5M+9.4% | 80.0M+10.5% | |
| Weighted-avg shares (diluted) | 138M+5.9% | 131M+19.2% | 109M+20.8% | 90.6M+3.4% | 87.7M+17.9% | |
| Dividends per share | $1.64+1.5% | $1.61+13.4% | $1.42-2.2% | $1.45+9.4% | $1.33+3.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 110M-15.1% | 130M+107.2% | 62.6M-59.8% | 156M-31.2% | 226M-21.0% | |
| 8.19B+15.6% | 7.08B+8.1% | 6.55B+37.7% | 4.76B+14.7% | 4.15B+19.9% | ||
| Intangible assets | — | — | 14.0M-83.3% | 84.0M-3.4% | 87.0M-3.3% | |
| 5.53B+18.3% | 4.68B+6.0% | 4.41B+42.5% | 3.10B+19.9% | 2.58B+14.8% | ||
| Long-term debt | 3.47B+10.4% | 3.14B | — | 433M+0.7% | 430M-27.5% | |
| 2.66B+10.5% | 2.41B+12.3% | 2.14B+28.6% | 1.66B+6.3% | 1.57B+29.4% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.28M+7.2% | 1.19M+6.1% | 1.12M+23.6% | 908K+6.4% | 853K+11.5% | |
| Additional paid-in capital | 2.85B+9.9% | 2.59B+8.9% | 2.38B+23.8% | 1.92B+11.4% | 1.73B+23.9% | |
| Retained earnings | -323M-8.6% | -297M+2.0% | -304M-6.3% | -285M-47.4% | -194M+5.1% | |
| Accumulated other comprehensive income | 47.1M+17.4% | 40.1M+204.6% | 13.2M+226.6% | -10.4M-205.0% | 9.90M-21.6% | |
| Non-controlling interest | 83.0M+21.5% | 68.3M+38.4% | 49.4M+39.0% | 35.5M+62.9% | 21.8M+218.1% | |
| Total equity incl. non-controlling | 2.66B+10.5% | 2.41B+12.3% | 2.14B+28.6% | 1.66B+6.3% | 1.57B+29.4% | |
| Total liabilities & equity | 8.19B+15.6% | 7.08B+8.1% | 6.55B+37.7% | 4.76B+14.7% | 4.15B+19.9% | |
| Common shares issued | 128M+7.3% | 119M+6.0% | 112M+23.5% | 90.8M+6.5% | 85.3M+11.6% | |
| Common shares outstanding | 128M+7.3% | 119M+6.0% | 112M+23.5% | 90.8M+6.5% | 85.3M+11.6% | |
| Shares outstanding (cover) | 128M+7.5% | 119M+6.1% | 112M+23.5% | 91.0M+6.4% | 85.5M+9.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 167M+2759.1% | 5.85M-94.1% | 99.7M+43243.0% | 230K-98.3% | 13.3M-81.8% | ||
| Depreciation & amortization | 780K-22.2% | 1.00M-67.9% | 3.13M-21.7% | 3.99M+5.1% | 3.80M+6.2% | |
| Share-based compensation | 29.9M+16.7% | 25.6M+29.5% | 19.8M-1.6% | 20.1M+17.9% | 17.0M+1.5% | |
| Deferred income taxes | 85.0M+21.4% | 70.0M+118.8% | 32.0M | — | — | |
| -856M-552.3% | -131M+93.4% | -1.99B-236.6% | -592M+15.8% | -703M+15.4% | ||
| Capital expenditure | — | 0.00 | 0.00-100.0% | 4.55M | 0.00 | |
| Free cash flow | — | 5.85M-94.1% | 99.7M+2407.6% | -4.32M-132.5% | 13.3M-81.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | — | — | — | 0.00-100.0% | 414K-82.9% | |
| Other investing activities | 65.3M+32126.0% | -204K+93.0% | -2.92M-240.8% | 2.07M+138.8% | -5.34M-35.8% | |
| 684M+241.1% | 200M-88.8% | 1.79B+246.8% | 517M-18.1% | 631M-34.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 237M+16.3% | 204M-58.7% | 492M+160.7% | 189M-5.9% | 201M-32.7% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 210M+9.1% | 192M+20.3% | 160M+20.9% | 132M+16.5% | 114M+13.7% | |
| Other financing activities | -4.93M-229.4% | -1.50M+68.5% | -4.76M+51.6% | -9.82M-81733.3% | -12.0K+99.9% | |
| Net change in cash | -4.93M-106.6% | 75.1M+174.4% | -101M-34.3% | -75.1M-26.7% | -59.3M-129.1% | |
| Interest paid | 252M+30.8% | 193M+39.4% | 138M+40.2% | 98.7M-8.8% | 108M+42.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.03B+25.9% | 3.20B+4.3% | 3.07B+19.0% | 2.58B-43.2% | 4.54B-8.4% | |
| P/E | 21.8×+36.5% | 16.0×-79.6% | 78.4×+276.6% | 20.8×-42.0% | 35.9×-40.3% | |
| P/S | 10.1×+20.6% | 8.3×-20.7% | 10.5×-4.0% | 11.0×-48.5% | 21.3×-19.6% | |
| P/B | 1.5×+13.9% | 1.3×-9.0% | 1.5×-6.4% | 1.6×-46.1% | 2.9×-29.2% | |
| P/FCF | 688.5×+25.9% | 546.9×+409.4% | 107.3×+112.5% | 50.5×-85.2% | 341.3×+404.6% | |
| Earnings yield | 4.6%-26.7% | 6.3%+390.1% | 1.3%-73.4% | 4.8%+72.4% | 2.8%+67.6% | |
| FCF yield | 0.15%-20.6% | 0.18%-80.4% | 0.93%-52.9% | 2.0%+575.7% | 0.29%-80.2% | |
| Dividend yield | 5.2%-13.3% | 6.0%+16.6% | 5.2%+2.8% | 5.0%+100.6% | 2.5%+24.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HASI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HASI filings on SEC EDGAR → Not investment advice.