MARKETS / NYSE / HASI
NYSE · INVESTORS, NEC · LARGE CAP

HA Sustainable Infrastructure Capital, Inc. HASI

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$400.5M
▲ 4.4% vs FY2024
EPS · FY25
$1.41
Dividend / sh · FY25
Payout · FY25
114%
ROE · FY25
Net margin · FY25
46.1%
Dividend coverage
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Result
USD 400.5M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.20.40.60.40.2201120142017202020232025
0.20.40.60.40.22016201920222025

46 cents of every revenue dollar became profit this year.

Per share
USD 1.41
Diluted EPS, FY2025
EPS
0.81.62.41.41201120142017202020232025
0.81.62.41.412016201920222025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
0.250.50.751201120142017202020232025
0.250.50.7512016201920222025
Operating margin68.3%
Net margin46.1%
Return on assets2.4%

Returned to shareholders
USD 209.8M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 209.8M
Net buybacks
Share of profit113.7%
Consecutive raises

USD 209.8M in dividends — 114% of the year's profit, so the payout drew on cash built up earlier.

Growth
+16.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+18.7%
+16.5%
+21.2%
Net income
+64.4%
+17.5%
+36.9%
EPS, diluted
+44.2%
+5.1%
+21.0%
Returned to shareholders
+16.6%
+16.0%
+20.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.13B
Shares outstanding, FY2025
0.020.13201120142017202020232025
0.050.132016201920222025
Change, 5 years+66.9%
Change, 10 years+244.9%

The share count grew 67% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 8.2B
total assets, end of FY2025
Total assetsUSD 8.2B
CashUSD 110.2M

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
0.4
0.4
0.3
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
Operating income $B
0.3
0.3
0.2
0.0
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
EBITDA $B
0.3
0.3
0.2
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
·
Income tax $B
0.1
0.1
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
·
·
Net income $B
0.2
0.2
0.1
0.0
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
EPS, diluted $
1.41
1.62
1.42
0.47
1.51
1.10
1.24
0.75
0.57
0.32
0.21
0.43
−0.68
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
114
96
107
319
90
121
106
171
221
338
397
144
−68
·
·
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Shares out B
0.13
0.12
0.11
0.09
0.09
0.08
0.07
0.06
0.05
0.05
0.04
0.03
0.02
0.02
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
24 of 27
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 1 failures and 2 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed