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

HA Sustainable Infrastructure Capital, Inc. is the larger business by last-quarter revenue ($114.8M vs $78.1M, roughly 1.5× Honest Company, Inc.). On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -19.7%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -8.4%).

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.

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

HASI vs HNST — Head-to-Head

Bigger by revenue
HASI
HASI
1.5× larger
HASI
$114.8M
$78.1M
HNST
Growing faster (revenue YoY)
HASI
HASI
+33.0% gap
HASI
13.3%
-19.7%
HNST
Faster 2-yr revenue CAGR
HASI
HASI
Annualised
HASI
4.2%
-8.4%
HNST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HASI
HASI
HNST
HNST
Revenue
$114.8M
$78.1M
Net Profit
$-53.8M
Gross Margin
42.6%
Operating Margin
-57.4%
56.6%
Net Margin
-46.8%
Revenue YoY
13.3%
-19.7%
Net Profit YoY
-176.7%
EPS (diluted)
$-0.38
$0.00

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
HASI
HASI
HNST
HNST
Q1 26
$78.1M
Q4 25
$114.8M
$88.0M
Q3 25
$103.1M
$92.6M
Q2 25
$85.7M
$93.5M
Q1 25
$96.9M
$97.3M
Q4 24
$101.3M
$99.8M
Q3 24
$82.0M
$99.2M
Q2 24
$94.5M
$93.0M
Net Profit
HASI
HASI
HNST
HNST
Q1 26
Q4 25
$-53.8M
$-23.6M
Q3 25
$83.3M
$758.0K
Q2 25
$98.4M
$3.9M
Q1 25
$56.6M
$3.3M
Q4 24
$70.1M
$-809.0K
Q3 24
$-19.6M
$165.0K
Q2 24
$26.5M
$-4.1M
Gross Margin
HASI
HASI
HNST
HNST
Q1 26
42.6%
Q4 25
15.7%
Q3 25
37.3%
Q2 25
40.4%
Q1 25
38.7%
Q4 24
38.8%
Q3 24
38.7%
Q2 24
38.3%
Operating Margin
HASI
HASI
HNST
HNST
Q1 26
56.6%
Q4 25
-57.4%
-27.5%
Q3 25
0.3%
Q2 25
3.1%
Q1 25
84.7%
2.6%
Q4 24
90.9%
-1.0%
Q3 24
-32.1%
0.1%
Q2 24
39.5%
-4.3%
Net Margin
HASI
HASI
HNST
HNST
Q1 26
Q4 25
-46.8%
-26.8%
Q3 25
80.8%
0.8%
Q2 25
114.9%
4.1%
Q1 25
58.4%
3.3%
Q4 24
69.2%
-0.8%
Q3 24
-23.9%
0.2%
Q2 24
28.1%
-4.4%
EPS (diluted)
HASI
HASI
HNST
HNST
Q1 26
$0.00
Q4 25
$-0.38
$-0.21
Q3 25
$0.61
$0.01
Q2 25
$0.74
$0.03
Q1 25
$0.44
$0.03
Q4 24
$0.58
$-0.01
Q3 24
$-0.17
$0.00
Q2 24
$0.23
$-0.04

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
HNST
HNST
Cash + ST InvestmentsLiquidity on hand
$110.2M
$90.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$169.1M
Total Assets
$8.2B
$214.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
HNST
HNST
Q1 26
$90.4M
Q4 25
$110.2M
$89.6M
Q3 25
$301.8M
$71.5M
Q2 25
$86.5M
$72.1M
Q1 25
$67.4M
$72.8M
Q4 24
$129.8M
$75.4M
Q3 24
$44.1M
$53.4M
Q2 24
$145.7M
$36.6M
Stockholders' Equity
HASI
HASI
HNST
HNST
Q1 26
$169.1M
Q4 25
$2.7B
$169.7M
Q3 25
$2.7B
$190.2M
Q2 25
$2.6B
$187.0M
Q1 25
$2.5B
$180.4M
Q4 24
$2.4B
$174.3M
Q3 24
$2.3B
$133.9M
Q2 24
$2.3B
$129.7M
Total Assets
HASI
HASI
HNST
HNST
Q1 26
$214.9M
Q4 25
$8.2B
$225.4M
Q3 25
$8.2B
$241.5M
Q2 25
$7.6B
$249.0M
Q1 25
$7.5B
$265.3M
Q4 24
$7.1B
$247.4M
Q3 24
$6.7B
$209.2M
Q2 24
$6.7B
$200.2M

Cash Flow & Capital Efficiency

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

Metric
HASI
HASI
HNST
HNST
Operating Cash FlowLast quarter
$167.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
HNST
HNST
Q1 26
Q4 25
$167.3M
$19.3M
Q3 25
$-121.8M
$-504.0K
Q2 25
$79.6M
$-745.0K
Q1 25
$-37.1M
$-2.9M
Q4 24
$5.9M
$-16.8M
Q3 24
$21.9M
$15.1M
Q2 24
$-24.8M
$2.9M
Free Cash Flow
HASI
HASI
HNST
HNST
Q1 26
Q4 25
$18.1M
Q3 25
$-624.0K
Q2 25
$-826.0K
Q1 25
$-3.0M
Q4 24
$-17.2M
Q3 24
$15.0M
Q2 24
$2.9M
FCF Margin
HASI
HASI
HNST
HNST
Q1 26
Q4 25
20.5%
Q3 25
-0.7%
Q2 25
-0.9%
Q1 25
-3.1%
Q4 24
-17.2%
Q3 24
15.1%
Q2 24
3.1%
Capex Intensity
HASI
HASI
HNST
HNST
Q1 26
0.6%
Q4 25
1.4%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.0%
Cash Conversion
HASI
HASI
HNST
HNST
Q1 26
Q4 25
Q3 25
-1.46×
-0.66×
Q2 25
0.81×
-0.19×
Q1 25
-0.66×
-0.90×
Q4 24
0.08×
Q3 24
91.42×
Q2 24
-0.94×

Financial Flow Comparison

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

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