HASI vs RGLD
HA Sustainable Infrastructure Capital, Inc. and Royal Gold Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HASI | RGLD |
|---|---|---|
| Revenue | $400.5M | $1.0B |
| Net income | $184.5M | $466.3M |
| Gross margin | · | 69.3% |
| Net margin | 47.0% | 45.8% |
| Return on equity | 7.3% | 9.1% |
| Diluted EPS | $1.41 | $6.69 |
| Dividend / share | · | $1.82 |
| Payout ratio | 113.7% | 25.4% |
| Free cash flow | · | · |
| Equity | · | $7.2B |
| Net debt / equity | · | 0.09× |
| Current ratio | · | 3.12× |
| Revenue CAGR 5y | 16.5% | 10.8% |
| Profit CAGR 5y | 17.5% | 9.0% |
RGLD bills 2.6× the revenue of HASI, and HASI keeps more of each dollar of revenue as profit (47.0% against 45.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | HASI | RGLD |
|---|---|---|
| FY2025 | $400.5M | $1.0B |
| FY2024 | $383.6M | $719.4M |
| FY2023 | $319.9M | $605.7M |
| FY2022 | $239.7M | $603.2M |
| FY2021 | $213.2M | $653.6M |
| FY2020 | $186.9M | $615.9M |
| FY2019 | $141.6M | $498.8M |
| FY2018 | $139.4M | $423.1M |
| FY2017 | $106.0M | $459.0M |
| FY2016 | $81.2M | $440.8M |
Bottom line
| Fiscal year | HASI | RGLD |
|---|---|---|
| FY2025 | $184.5M | $466.3M |
| FY2024 | $200.0M | $332.0M |
| FY2023 | $148.8M | $239.4M |
| FY2022 | $41.5M | $239.0M |
| FY2021 | $126.6M | $274.0M |
| FY2020 | $82.4M | $302.5M |
| FY2019 | $81.6M | $199.3M |
| FY2018 | $41.6M | $93.8M |
| FY2017 | $30.9M | $-113.1M |
| FY2016 | $14.7M | $101.5M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$629,969,000 | RGLD |
| FY2024 | −$335,800,000 | RGLD |
| FY2023 | −$285,846,000 | RGLD |
| FY2022 | −$363,469,000 | RGLD |
| FY2021 | −$440,402,000 | RGLD |
| FY2020 | −$428,949,000 | RGLD |
| FY2019 | −$357,238,000 | RGLD |
| FY2018 | −$283,660,000 | RGLD |
| FY2017 | −$353,055,000 | RGLD |
| FY2016 | −$359,616,000 | RGLD |
| FY2015 | −$230,132,000 | RGLD |
| FY2014 | −$199,294,000 | RGLD |
| FY2013 | −$203,559,000 | RGLD |
RGLD has reported the higher revenue in every one of these 13 fiscal years. The gap has widened since the earliest year compared.
13 of 15 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.2 pp | HASI |
| FY2024 | +6.9 pp | HASI |
| FY2023 | +7.5 pp | HASI |
| FY2022 | −22.3 pp | RGLD |
| FY2021 | +17.7 pp | HASI |
| FY2020 | −4.9 pp | RGLD |
| FY2019 | +18.5 pp | HASI |
| FY2018 | +8.9 pp | HASI |
| FY2017 | +55.3 pp | HASI |
| FY2016 | −2.8 pp | RGLD |
| FY2015 | +42.2 pp | HASI |
| FY2014 | +0.0 pp | HASI |
| FY2013 | −79.5 pp | RGLD |
The higher net margin has changed hands between HASI and RGLD over this period.
13 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HASI's net margin has been more volatile than RGLD's over the 13 comparable fiscal years — 28.1 percentage points of standard deviation against 24.7.
13 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HASI and RGLD over these 13 fiscal years — HASI led in 9 and RGLD in 4.
13 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HASI's return on equity has been more volatile than RGLD's over the 13 comparable fiscal years — 5.7 percentage points of standard deviation against 5.3.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HASI and RGLD over these 13 fiscal years — HASI led in 5 and RGLD in 8.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.