HA Sustainable Infrastructure Capital, Inc.: stock overview

HASINYSEReal estate · Investors, NEC

Price

$38.80

November 13, 2026Market cap $5.0B

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  • The full history: 13 fiscal years, from 2013
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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Notes on these figures

  • The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.

In short

HA Sustainable Infrastructure Capital had revenue of $474M over the last 12 months and net income of $149M, a net margin of 31.5%. Revenue grew by 16.5% a year on average over the last 5 years. At $38.80 the shares trade at a P/E of 34.0, against a median of 22.3 over the last 5 fiscal years. It pays a dividend yielding 4.37%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$5.0B
128M shares
P/E
34.0
Today34.0
Median22.3
Revenue, 12 months
$474M
+16.5% a year over 5 years
Net margin
31.5%
2025: 46.1%, above 88% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+11.9% a year over 2 years

  • 202510-K
    Revenue$401M
  • 202410-K
    Revenue$384M
  • 202310-K
    Revenue$320M

Fiscal years in figures

HASI's revenue, profit, cash flow and dividend with each year-end price, from 2013 to 2022, 10 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.2B
$5.0B
Enterprise value 
–
P/E 3-year median: 19.4
34.0
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 1.4
1.8
FCF yield 
7.8%
Earnings yield 3-year median: 5.1%
2.9%

Profitability

Net margin 3-year median: 46.5%
31.5%
ROIC 
4.8%
ROIC, 5-year average 
5.4%
ROE 
5.6%

Growth

Revenue, yearly change 
+4.4%
EPS, yearly change 
-13.0%
FCF, yearly change 
–
Revenue, average a year 
+16.5%
EPS, average a year 
+5.1%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$102M
Total debt 
–
Net cash 
–
Net debt / EBITDA 
–
Interest cover 
0.6x
Current ratio 
–

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 5.3%
4.37%
Buybacks 
–
Total returned 
4.37%
Shares, yearly change 
+6.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 67).

Net margin

46.1%

Above 88% of the 212 companies in its industry, and 97% of all.

ROE

6.9%

Above 68% of the 204 companies in its industry, and 49% of all.

ROA

2.3%

Above 66% of the 221 companies in its industry, and 57% of all.

Revenue growth

4.4%

Above 55% of the 211 companies in its industry, and 44% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
HA Sustainable Infrastructure Capital, Inc.
CIK
1561894
Exchange
NYSE
Industry (SIC)
6799 · Investors, NEC
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
128M

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The full analysis

What do HA Sustainable Infrastructure Capital's filings show?

These are HA Sustainable Infrastructure Capital's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about HASI

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What is HASI's market cap?

HA Sustainable Infrastructure Capital, Inc.'s market cap is $5.0B, at a price of $38.80 on November 13, 2026 and 128M shares.

What is HASI's P/E?

HASI's P/E is 34.0, on earnings per share of $1.01 over the last 12 months. The median over the last 5 fiscal years was 22.3.

How much revenue does HASI have?

HA Sustainable Infrastructure Capital had revenue of $474M over the last 12 months. Over the last 5 years it changed by +16.5% a year on average.

Does HASI pay a dividend?

Yes. HA Sustainable Infrastructure Capital paid $1.70 per share over the last 12 months, a yield of 4.37% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From HA Sustainable Infrastructure Capital, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.