HASI vs LB
HA Sustainable Infrastructure Capital, Inc. and LandBridge Co. LLC, side by side — 3 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | HASI | LB |
|---|---|---|
| Revenue | $400.5M | $199.1M |
| Net income | $184.5M | $30.1M |
| Gross margin | — | — |
| Net margin | 47.0% | 36.4% |
| Return on equity | — | 10.9% |
| Diluted EPS | $1.41 | $0.94 |
| Dividend / share | — | — |
| Payout ratio | 113.7% | 211.5% |
| Free cash flow | — | $122.0M |
| Equity | — | $340.3M |
| Net debt / equity | — | 1.56× |
| Current ratio | — | 4.87× |
| Revenue CAGR 5y | 16.5% | — |
| Profit CAGR 5y | 17.5% | — |
HASI bills 2.0× the revenue of LB, and keeps more of each dollar of revenue as profit (47.0% against 36.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
3 years side by side
| Fiscal year | HASI | LB |
|---|---|---|
| FY2025 | $400.5M | $199.1M |
| FY2024 | $383.6M | $110.0M |
| FY2023 | $319.9M | $72.9M |
Net income by year
Bottom line
| Fiscal year | HASI | LB |
|---|---|---|
| FY2025 | $184.5M | $30.1M |
| FY2024 | $200.0M | $5.1M |
| FY2023 | $148.8M | $63.2M |
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