vs
Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and INFINITY NATURAL RESOURCES, INC. (INR). Click either name above to swap in a different company.
INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $114.8M, roughly 1.0× HA Sustainable Infrastructure Capital, Inc.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -46.8%, a 64.2% gap on every dollar of revenue.
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.
HASI vs INR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $115.5M |
| Net Profit | $-53.8M | $20.0M |
| Gross Margin | — | — |
| Operating Margin | -57.4% | 47.0% |
| Net Margin | -46.8% | 17.3% |
| Revenue YoY | 13.3% | — |
| Net Profit YoY | -176.7% | — |
| EPS (diluted) | $-0.38 | $1.33 |
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 | $115.5M | ||
| Q3 25 | $103.1M | $78.3M | ||
| Q2 25 | $85.7M | $72.5M | ||
| Q1 25 | $96.9M | $84.2M | ||
| Q4 24 | $101.3M | — | ||
| Q3 24 | $82.0M | — | ||
| Q2 24 | $94.5M | — | ||
| Q1 24 | $105.8M | — |
| Q4 25 | $-53.8M | $20.0M | ||
| Q3 25 | $83.3M | $10.4M | ||
| Q2 25 | $98.4M | $18.0M | ||
| Q1 25 | $56.6M | $-34.6M | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $-19.6M | — | ||
| Q2 24 | $26.5M | — | ||
| Q1 24 | $123.0M | — |
| Q4 25 | -57.4% | 47.0% | ||
| Q3 25 | — | 30.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | 84.7% | -104.5% | ||
| Q4 24 | 90.9% | — | ||
| Q3 24 | -32.1% | — | ||
| Q2 24 | 39.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | -46.8% | 17.3% | ||
| Q3 25 | 80.8% | 13.3% | ||
| Q2 25 | 114.9% | 24.8% | ||
| Q1 25 | 58.4% | -41.1% | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -23.9% | — | ||
| Q2 24 | 28.1% | — | ||
| Q1 24 | 116.3% | — |
| Q4 25 | $-0.38 | $1.33 | ||
| Q3 25 | $0.61 | $0.65 | ||
| Q2 25 | $0.74 | $1.18 | ||
| Q1 25 | $0.44 | $-2.27 | ||
| Q4 24 | $0.58 | — | ||
| Q3 24 | $-0.17 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $0.98 | — |
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 | $2.8M |
| Total DebtLower is stronger | — | $55.0K |
| Stockholders' EquityBook value | $2.7B | $307.1M |
| Total Assets | $8.2B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $2.8M | ||
| Q3 25 | $301.8M | $4.6M | ||
| Q2 25 | $86.5M | $6.3M | ||
| Q1 25 | $67.4M | $4.9M | ||
| Q4 24 | $129.8M | — | ||
| Q3 24 | $44.1M | — | ||
| Q2 24 | $145.7M | — | ||
| Q1 24 | $61.4M | — |
| Q4 25 | — | $55.0K | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $123.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.7B | $307.1M | ||
| Q3 25 | $2.7B | $288.6M | ||
| Q2 25 | $2.6B | $10.1M | ||
| Q1 25 | $2.5B | $-52.2M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $8.2B | $1.2B | ||
| Q3 25 | $8.2B | $1.1B | ||
| Q2 25 | $7.6B | $1.0B | ||
| Q1 25 | $7.5B | $953.9M | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $6.7B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $6.7B | — |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $75.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $75.1M | ||
| Q3 25 | $-121.8M | $42.1M | ||
| Q2 25 | $79.6M | $70.4M | ||
| Q1 25 | $-37.1M | $74.2M | ||
| Q4 24 | $5.9M | — | ||
| Q3 24 | $21.9M | — | ||
| Q2 24 | $-24.8M | — | ||
| Q1 24 | $20.9M | — |
| Q4 25 | — | 3.75× | ||
| Q3 25 | -1.46× | 4.04× | ||
| Q2 25 | 0.81× | 3.91× | ||
| 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.
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
