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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Inogen Inc (INGN). 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 $68.6M, roughly 1.7× Inogen Inc). On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 3.4%). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs 4.2%).
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.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
HASI vs INGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $68.6M |
| Net Profit | $-53.8M | — |
| Gross Margin | — | 51.4% |
| Operating Margin | -57.4% | -13.6% |
| Net Margin | -46.8% | — |
| Revenue YoY | 13.3% | 3.4% |
| Net Profit YoY | -176.7% | — |
| EPS (diluted) | $-0.38 | $-0.26 |
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.
| Q4 25 | $114.8M | $68.6M | ||
| Q3 25 | $103.1M | $79.1M | ||
| Q2 25 | $85.7M | $79.2M | ||
| Q1 25 | $96.9M | $68.5M | ||
| Q4 24 | $101.3M | $66.3M | ||
| Q3 24 | $82.0M | $74.9M | ||
| Q2 24 | $94.5M | $74.4M | ||
| Q1 24 | $105.8M | $63.1M |
| Q4 25 | $-53.8M | — | ||
| Q3 25 | $83.3M | $-5.3M | ||
| Q2 25 | $98.4M | $-4.2M | ||
| Q1 25 | $56.6M | $-6.2M | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $-19.6M | $-6.0M | ||
| Q2 24 | $26.5M | $-5.6M | ||
| Q1 24 | $123.0M | $-14.6M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 52.2% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 55.2% | ||
| Q2 24 | — | 57.4% | ||
| Q1 24 | — | 54.5% |
| Q4 25 | -57.4% | -13.6% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | 84.7% | -11.2% | ||
| Q4 24 | 90.9% | -17.2% | ||
| Q3 24 | -32.1% | -10.4% | ||
| Q2 24 | 39.5% | -9.5% | ||
| Q1 24 | — | -25.8% |
| Q4 25 | -46.8% | — | ||
| Q3 25 | 80.8% | -6.7% | ||
| Q2 25 | 114.9% | -5.2% | ||
| Q1 25 | 58.4% | -9.0% | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -23.9% | -8.0% | ||
| Q2 24 | 28.1% | -7.5% | ||
| Q1 24 | 116.3% | -23.1% |
| Q4 25 | $-0.38 | $-0.26 | ||
| Q3 25 | $0.61 | $-0.20 | ||
| Q2 25 | $0.74 | $-0.15 | ||
| Q1 25 | $0.44 | $-0.25 | ||
| Q4 24 | $0.58 | $-0.41 | ||
| Q3 24 | $-0.17 | $-0.25 | ||
| Q2 24 | $0.23 | $-0.24 | ||
| Q1 24 | $0.98 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $110.2M | $103.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $192.2M |
| Total Assets | $8.2B | $298.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $103.7M | ||
| Q3 25 | $301.8M | $106.5M | ||
| Q2 25 | $86.5M | $103.7M | ||
| Q1 25 | $67.4M | $118.9M | ||
| Q4 24 | $129.8M | $113.8M | ||
| Q3 24 | $44.1M | $105.7M | ||
| Q2 24 | $145.7M | $97.9M | ||
| Q1 24 | $61.4M | $107.4M |
| Q4 25 | $2.7B | $192.2M | ||
| Q3 25 | $2.7B | $197.2M | ||
| Q2 25 | $2.6B | $199.5M | ||
| Q1 25 | $2.5B | $198.0M | ||
| Q4 24 | $2.4B | $173.9M | ||
| Q3 24 | $2.3B | $185.4M | ||
| Q2 24 | $2.3B | $187.6M | ||
| Q1 24 | $2.3B | $191.9M |
| Q4 25 | $8.2B | $298.6M | ||
| Q3 25 | $8.2B | $307.0M | ||
| Q2 25 | $7.6B | $312.0M | ||
| Q1 25 | $7.5B | $308.4M | ||
| Q4 24 | $7.1B | $296.2M | ||
| Q3 24 | $6.7B | $306.2M | ||
| Q2 24 | $6.7B | $308.9M | ||
| Q1 24 | $6.7B | $315.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $167.3M | $-943.0K |
| Free Cash FlowOCF − Capex | — | $-1.9M |
| FCF MarginFCF / Revenue | — | -2.8% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $-943.0K | ||
| Q3 25 | $-121.8M | $2.2M | ||
| Q2 25 | $79.6M | $4.3M | ||
| Q1 25 | $-37.1M | $-16.8M | ||
| Q4 24 | $5.9M | $-3.0M | ||
| Q3 24 | $21.9M | $7.0M | ||
| Q2 24 | $-24.8M | $6.7M | ||
| Q1 24 | $20.9M | $-4.7M |
| Q4 25 | — | $-1.9M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | — | $-17.1M | ||
| Q4 24 | — | $-3.3M | ||
| Q3 24 | — | $5.3M | ||
| Q2 24 | — | $6.6M | ||
| Q1 24 | — | $-6.1M |
| Q4 25 | — | -2.8% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | -24.9% | ||
| Q4 24 | — | -5.0% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 8.9% | ||
| Q1 24 | — | -9.6% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | -0.66× | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.94× | — | ||
| Q1 24 | 0.17× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
