vs

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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $114.8M, roughly 1.9× HA Sustainable Infrastructure Capital, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -46.8%, a 35.2% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -23.3%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -13.2%).

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.

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

HASI vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
1.9× larger
HPK
$216.6M
$114.8M
HASI
Growing faster (revenue YoY)
HASI
HASI
+36.7% gap
HASI
13.3%
-23.3%
HPK
Higher net margin
HPK
HPK
35.2% more per $
HPK
-11.6%
-46.8%
HASI
Faster 2-yr revenue CAGR
HASI
HASI
Annualised
HASI
4.2%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HASI
HASI
HPK
HPK
Revenue
$114.8M
$216.6M
Net Profit
$-53.8M
$-25.2M
Gross Margin
Operating Margin
-57.4%
-7.6%
Net Margin
-46.8%
-11.6%
Revenue YoY
13.3%
-23.3%
Net Profit YoY
-176.7%
-380.7%
EPS (diluted)
$-0.38
$-0.16

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
HPK
HPK
Q4 25
$114.8M
$216.6M
Q3 25
$103.1M
$188.9M
Q2 25
$85.7M
$200.4M
Q1 25
$96.9M
$257.4M
Q4 24
$101.3M
$282.6M
Q3 24
$82.0M
$271.6M
Q2 24
$94.5M
$275.3M
Q1 24
$105.8M
$287.8M
Net Profit
HASI
HASI
HPK
HPK
Q4 25
$-53.8M
$-25.2M
Q3 25
$83.3M
$-18.3M
Q2 25
$98.4M
$26.2M
Q1 25
$56.6M
$36.3M
Q4 24
$70.1M
$9.0M
Q3 24
$-19.6M
$49.9M
Q2 24
$26.5M
$29.7M
Q1 24
$123.0M
$6.4M
Operating Margin
HASI
HASI
HPK
HPK
Q4 25
-57.4%
-7.6%
Q3 25
17.3%
Q2 25
21.7%
Q1 25
84.7%
35.1%
Q4 24
90.9%
26.1%
Q3 24
-32.1%
27.0%
Q2 24
39.5%
31.7%
Q1 24
35.8%
Net Margin
HASI
HASI
HPK
HPK
Q4 25
-46.8%
-11.6%
Q3 25
80.8%
-9.7%
Q2 25
114.9%
13.1%
Q1 25
58.4%
14.1%
Q4 24
69.2%
3.2%
Q3 24
-23.9%
18.4%
Q2 24
28.1%
10.8%
Q1 24
116.3%
2.2%
EPS (diluted)
HASI
HASI
HPK
HPK
Q4 25
$-0.38
$-0.16
Q3 25
$0.61
$-0.15
Q2 25
$0.74
$0.19
Q1 25
$0.44
$0.26
Q4 24
$0.58
$0.06
Q3 24
$-0.17
$0.35
Q2 24
$0.23
$0.21
Q1 24
$0.98
$0.05

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$110.2M
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$2.7B
$1.6B
Total Assets
$8.2B
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
HPK
HPK
Q4 25
$110.2M
$162.1M
Q3 25
$301.8M
$164.9M
Q2 25
$86.5M
$21.9M
Q1 25
$67.4M
$51.6M
Q4 24
$129.8M
$86.6M
Q3 24
$44.1M
$135.6M
Q2 24
$145.7M
$157.9M
Q1 24
$61.4M
$173.4M
Total Debt
HASI
HASI
HPK
HPK
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
HASI
HASI
HPK
HPK
Q4 25
$2.7B
$1.6B
Q3 25
$2.7B
$1.6B
Q2 25
$2.6B
$1.7B
Q1 25
$2.5B
$1.6B
Q4 24
$2.4B
$1.6B
Q3 24
$2.3B
$1.6B
Q2 24
$2.3B
$1.6B
Q1 24
$2.3B
$1.5B
Total Assets
HASI
HASI
HPK
HPK
Q4 25
$8.2B
$3.2B
Q3 25
$8.2B
$3.2B
Q2 25
$7.6B
$3.1B
Q1 25
$7.5B
$3.1B
Q4 24
$7.1B
$3.1B
Q3 24
$6.7B
$3.1B
Q2 24
$6.7B
$3.1B
Q1 24
$6.7B
$3.1B
Debt / Equity
HASI
HASI
HPK
HPK
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
0.70×
Q1 24
0.73×

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
HPK
HPK
Operating Cash FlowLast quarter
$167.3M
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
HPK
HPK
Q4 25
$167.3M
$93.1M
Q3 25
$-121.8M
$120.2M
Q2 25
$79.6M
$141.2M
Q1 25
$-37.1M
$157.1M
Q4 24
$5.9M
$139.5M
Q3 24
$21.9M
$177.1M
Q2 24
$-24.8M
$202.3M
Q1 24
$20.9M
$171.4M
Cash Conversion
HASI
HASI
HPK
HPK
Q4 25
Q3 25
-1.46×
Q2 25
0.81×
5.39×
Q1 25
-0.66×
4.32×
Q4 24
0.08×
15.53×
Q3 24
3.55×
Q2 24
-0.94×
6.81×
Q1 24
0.17×
26.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HASI
HASI

Segment breakdown not available.

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

Related Comparisons