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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.

FLEXSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($115.1M vs $114.8M, roughly 1.0× HA Sustainable Infrastructure Capital, Inc.). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs -46.8%, a 64.6% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 1.0%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs 1.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.

FLXS vs HASI — Head-to-Head

Bigger by revenue
FLXS
FLXS
1.0× larger
FLXS
$115.1M
$114.8M
HASI
Growing faster (revenue YoY)
HASI
HASI
+12.3% gap
HASI
13.3%
1.0%
FLXS
Higher net margin
FLXS
FLXS
64.6% more per $
FLXS
17.7%
-46.8%
HASI
Faster 2-yr revenue CAGR
HASI
HASI
Annualised
HASI
4.2%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
FLXS
FLXS
HASI
HASI
Revenue
$115.1M
$114.8M
Net Profit
$20.4M
$-53.8M
Gross Margin
22.6%
Operating Margin
-57.4%
Net Margin
17.7%
-46.8%
Revenue YoY
1.0%
13.3%
Net Profit YoY
116.0%
-176.7%
EPS (diluted)
$1.14
$-0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLXS
FLXS
HASI
HASI
Q3 26
$115.1M
Q4 25
$118.2M
$114.8M
Q3 25
$110.4M
$103.1M
Q2 25
$114.6M
$85.7M
Q1 25
$114.0M
$96.9M
Q4 24
$108.5M
$101.3M
Q3 24
$104.0M
$82.0M
Q2 24
$110.8M
$94.5M
Net Profit
FLXS
FLXS
HASI
HASI
Q3 26
$20.4M
Q4 25
$6.6M
$-53.8M
Q3 25
$7.3M
$83.3M
Q2 25
$10.7M
$98.4M
Q1 25
$-3.7M
$56.6M
Q4 24
$9.1M
$70.1M
Q3 24
$4.1M
$-19.6M
Q2 24
$4.9M
$26.5M
Gross Margin
FLXS
FLXS
HASI
HASI
Q3 26
22.6%
Q4 25
22.7%
Q3 25
23.5%
Q2 25
23.9%
Q1 25
22.2%
Q4 24
21.0%
Q3 24
21.5%
Q2 24
21.3%
Operating Margin
FLXS
FLXS
HASI
HASI
Q3 26
Q4 25
7.6%
-57.4%
Q3 25
8.1%
Q2 25
12.2%
Q1 25
-4.4%
84.7%
Q4 24
10.7%
90.9%
Q3 24
5.8%
-32.1%
Q2 24
6.9%
39.5%
Net Margin
FLXS
FLXS
HASI
HASI
Q3 26
17.7%
Q4 25
5.6%
-46.8%
Q3 25
6.6%
80.8%
Q2 25
9.3%
114.9%
Q1 25
-3.3%
58.4%
Q4 24
8.3%
69.2%
Q3 24
4.0%
-23.9%
Q2 24
4.4%
28.1%
EPS (diluted)
FLXS
FLXS
HASI
HASI
Q3 26
$1.14
Q4 25
$1.18
$-0.38
Q3 25
$1.31
$0.61
Q2 25
$1.90
$0.74
Q1 25
$-0.71
$0.44
Q4 24
$1.62
$0.58
Q3 24
$0.74
$-0.17
Q2 24
$0.87
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLXS
FLXS
HASI
HASI
Cash + ST InvestmentsLiquidity on hand
$57.3M
$110.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$185.3M
$2.7B
Total Assets
$290.2M
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
HASI
HASI
Q3 26
$57.3M
Q4 25
$36.8M
$110.2M
Q3 25
$38.6M
$301.8M
Q2 25
$40.0M
$86.5M
Q1 25
$22.6M
$67.4M
Q4 24
$11.8M
$129.8M
Q3 24
$5.7M
$44.1M
Q2 24
$4.8M
$145.7M
Stockholders' Equity
FLXS
FLXS
HASI
HASI
Q3 26
$185.3M
Q4 25
$178.9M
$2.7B
Q3 25
$172.2M
$2.7B
Q2 25
$167.9M
$2.6B
Q1 25
$158.1M
$2.5B
Q4 24
$161.9M
$2.4B
Q3 24
$154.7M
$2.3B
Q2 24
$150.4M
$2.3B
Total Assets
FLXS
FLXS
HASI
HASI
Q3 26
$290.2M
Q4 25
$290.2M
$8.2B
Q3 25
$281.5M
$8.2B
Q2 25
$282.5M
$7.6B
Q1 25
$266.1M
$7.5B
Q4 24
$271.5M
$7.1B
Q3 24
$268.7M
$6.7B
Q2 24
$274.5M
$6.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLXS
FLXS
HASI
HASI
Operating Cash FlowLast quarter
$27.2M
$167.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
HASI
HASI
Q3 26
$27.2M
Q4 25
$1.0M
$167.3M
Q3 25
$4.1M
$-121.8M
Q2 25
$15.6M
$79.6M
Q1 25
$12.3M
$-37.1M
Q4 24
$6.7M
$5.9M
Q3 24
$2.4M
$21.9M
Q2 24
$7.5M
$-24.8M
Free Cash Flow
FLXS
FLXS
HASI
HASI
Q3 26
Q4 25
$-735.0K
Q3 25
$2.8M
Q2 25
$15.1M
Q1 25
$10.9M
Q4 24
$5.8M
Q3 24
$2.0M
Q2 24
$7.1M
FCF Margin
FLXS
FLXS
HASI
HASI
Q3 26
Q4 25
-0.6%
Q3 25
2.5%
Q2 25
13.1%
Q1 25
9.6%
Q4 24
5.3%
Q3 24
1.9%
Q2 24
6.4%
Capex Intensity
FLXS
FLXS
HASI
HASI
Q3 26
Q4 25
1.5%
Q3 25
1.2%
Q2 25
0.5%
Q1 25
1.2%
Q4 24
0.8%
Q3 24
0.4%
Q2 24
0.4%
Cash Conversion
FLXS
FLXS
HASI
HASI
Q3 26
1.33×
Q4 25
0.15×
Q3 25
0.56×
-1.46×
Q2 25
1.46×
0.81×
Q1 25
-0.66×
Q4 24
0.74×
0.08×
Q3 24
0.58×
Q2 24
1.53×
-0.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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