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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Information Services Group Inc. (III). 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 $61.2M, roughly 1.9× Information Services Group Inc.). Information Services Group Inc. runs the higher net margin — 4.3% vs -46.8%, a 51.1% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 5.9%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -2.4%).

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.

EBSCO Information Services, headquartered in Ipswich, Massachusetts, is a division of EBSCO Industries Inc., a private company headquartered in Birmingham, Alabama. EBSCO provides products and services to libraries of many types around the world. Its products include EBSCONET, a complete e-resource management system, and EBSCOhost, which supplies a fee-based online research service with 375 full-text databases, a collection of 600,000-plus ebooks, subject indexes, point-of-care medical refere...

HASI vs III — Head-to-Head

Bigger by revenue
HASI
HASI
1.9× larger
HASI
$114.8M
$61.2M
III
Growing faster (revenue YoY)
HASI
HASI
+7.4% gap
HASI
13.3%
5.9%
III
Higher net margin
III
III
51.1% more per $
III
4.3%
-46.8%
HASI
Faster 2-yr revenue CAGR
HASI
HASI
Annualised
HASI
4.2%
-2.4%
III

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HASI
HASI
III
III
Revenue
$114.8M
$61.2M
Net Profit
$-53.8M
$2.6M
Gross Margin
44.8%
Operating Margin
-57.4%
8.4%
Net Margin
-46.8%
4.3%
Revenue YoY
13.3%
5.9%
Net Profit YoY
-176.7%
-14.1%
EPS (diluted)
$-0.38
$0.06

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
III
III
Q4 25
$114.8M
$61.2M
Q3 25
$103.1M
$62.4M
Q2 25
$85.7M
$61.6M
Q1 25
$96.9M
$59.6M
Q4 24
$101.3M
$57.8M
Q3 24
$82.0M
$61.3M
Q2 24
$94.5M
$64.3M
Q1 24
$105.8M
$64.3M
Net Profit
HASI
HASI
III
III
Q4 25
$-53.8M
$2.6M
Q3 25
$83.3M
$3.1M
Q2 25
$98.4M
$2.2M
Q1 25
$56.6M
$1.5M
Q4 24
$70.1M
$3.0M
Q3 24
$-19.6M
$1.1M
Q2 24
$26.5M
$2.0M
Q1 24
$123.0M
$-3.4M
Gross Margin
HASI
HASI
III
III
Q4 25
44.8%
Q3 25
42.2%
Q2 25
42.2%
Q1 25
43.1%
Q4 24
41.5%
Q3 24
40.4%
Q2 24
39.5%
Q1 24
36.1%
Operating Margin
HASI
HASI
III
III
Q4 25
-57.4%
8.4%
Q3 25
7.4%
Q2 25
7.6%
Q1 25
84.7%
5.7%
Q4 24
90.9%
0.3%
Q3 24
-32.1%
7.0%
Q2 24
39.5%
5.7%
Q1 24
-3.7%
Net Margin
HASI
HASI
III
III
Q4 25
-46.8%
4.3%
Q3 25
80.8%
4.9%
Q2 25
114.9%
3.5%
Q1 25
58.4%
2.5%
Q4 24
69.2%
5.3%
Q3 24
-23.9%
1.9%
Q2 24
28.1%
3.2%
Q1 24
116.3%
-5.3%
EPS (diluted)
HASI
HASI
III
III
Q4 25
$-0.38
$0.06
Q3 25
$0.61
$0.06
Q2 25
$0.74
$0.04
Q1 25
$0.44
$0.03
Q4 24
$0.58
$0.07
Q3 24
$-0.17
$0.02
Q2 24
$0.23
$0.04
Q1 24
$0.98
$-0.07

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
III
III
Cash + ST InvestmentsLiquidity on hand
$110.2M
$28.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$94.7M
Total Assets
$8.2B
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
III
III
Q4 25
$110.2M
$28.7M
Q3 25
$301.8M
$28.7M
Q2 25
$86.5M
$25.2M
Q1 25
$67.4M
$20.1M
Q4 24
$129.8M
$23.1M
Q3 24
$44.1M
$9.7M
Q2 24
$145.7M
$11.8M
Q1 24
$61.4M
$14.0M
Stockholders' Equity
HASI
HASI
III
III
Q4 25
$2.7B
$94.7M
Q3 25
$2.7B
$94.7M
Q2 25
$2.6B
$94.1M
Q1 25
$2.5B
$95.0M
Q4 24
$2.4B
$96.3M
Q3 24
$2.3B
$96.6M
Q2 24
$2.3B
$95.5M
Q1 24
$2.3B
$95.6M
Total Assets
HASI
HASI
III
III
Q4 25
$8.2B
$211.0M
Q3 25
$8.2B
$213.3M
Q2 25
$7.6B
$200.7M
Q1 25
$7.5B
$202.4M
Q4 24
$7.1B
$204.5M
Q3 24
$6.7B
$227.1M
Q2 24
$6.7B
$235.3M
Q1 24
$6.7B
$234.2M

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
III
III
Operating Cash FlowLast quarter
$167.3M
$5.1M
Free Cash FlowOCF − Capex
$4.3M
FCF MarginFCF / Revenue
7.0%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.94×
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
III
III
Q4 25
$167.3M
$5.1M
Q3 25
$-121.8M
$11.1M
Q2 25
$79.6M
$11.9M
Q1 25
$-37.1M
$978.0K
Q4 24
$5.9M
$6.6M
Q3 24
$21.9M
$8.8M
Q2 24
$-24.8M
$2.2M
Q1 24
$20.9M
$2.3M
Free Cash Flow
HASI
HASI
III
III
Q4 25
$4.3M
Q3 25
$9.5M
Q2 25
$11.1M
Q1 25
$141.0K
Q4 24
$6.0M
Q3 24
$8.4M
Q2 24
$1.3M
Q1 24
$1.3M
FCF Margin
HASI
HASI
III
III
Q4 25
7.0%
Q3 25
15.2%
Q2 25
18.0%
Q1 25
0.2%
Q4 24
10.4%
Q3 24
13.7%
Q2 24
2.0%
Q1 24
2.0%
Capex Intensity
HASI
HASI
III
III
Q4 25
1.2%
Q3 25
2.5%
Q2 25
1.4%
Q1 25
1.4%
Q4 24
0.9%
Q3 24
0.6%
Q2 24
1.4%
Q1 24
1.6%
Cash Conversion
HASI
HASI
III
III
Q4 25
1.94×
Q3 25
-1.46×
3.62×
Q2 25
0.81×
5.46×
Q1 25
-0.66×
0.66×
Q4 24
0.08×
2.15×
Q3 24
7.66×
Q2 24
-0.94×
1.07×
Q1 24
0.17×

Financial Flow Comparison

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

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