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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and NACCO INDUSTRIES INC (NC). 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 $62.8M, roughly 1.8× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -46.8%, a 60.9% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -4.3%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (9.5% 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.
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
HASI vs NC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $62.8M |
| Net Profit | $-53.8M | $8.8M |
| Gross Margin | — | 22.8% |
| Operating Margin | -57.4% | 17.5% |
| Net Margin | -46.8% | 14.1% |
| Revenue YoY | 13.3% | -4.3% |
| Net Profit YoY | -176.7% | 80.0% |
| EPS (diluted) | $-0.38 | $1.17 |
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.
| Q1 26 | — | $62.8M | ||
| Q4 25 | $114.8M | $66.8M | ||
| Q3 25 | $103.1M | $76.6M | ||
| Q2 25 | $85.7M | $68.2M | ||
| Q1 25 | $96.9M | $65.6M | ||
| Q4 24 | $101.3M | $70.4M | ||
| Q3 24 | $82.0M | $61.7M | ||
| Q2 24 | $94.5M | $52.3M |
| Q1 26 | — | $8.8M | ||
| Q4 25 | $-53.8M | $-3.8M | ||
| Q3 25 | $83.3M | $13.3M | ||
| Q2 25 | $98.4M | $3.3M | ||
| Q1 25 | $56.6M | $4.9M | ||
| Q4 24 | $70.1M | $7.6M | ||
| Q3 24 | $-19.6M | $15.6M | ||
| Q2 24 | $26.5M | $6.0M |
| Q1 26 | — | 22.8% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 13.4% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -57.4% | 11.3% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | 84.7% | 11.7% | ||
| Q4 24 | 90.9% | 5.5% | ||
| Q3 24 | -32.1% | 31.9% | ||
| Q2 24 | 39.5% | 14.1% |
| Q1 26 | — | 14.1% | ||
| Q4 25 | -46.8% | -5.8% | ||
| Q3 25 | 80.8% | 17.3% | ||
| Q2 25 | 114.9% | 4.8% | ||
| Q1 25 | 58.4% | 7.5% | ||
| Q4 24 | 69.2% | 10.7% | ||
| Q3 24 | -23.9% | 25.4% | ||
| Q2 24 | 28.1% | 11.4% |
| Q1 26 | — | $1.17 | ||
| Q4 25 | $-0.38 | $-0.53 | ||
| Q3 25 | $0.61 | $1.78 | ||
| Q2 25 | $0.74 | $0.44 | ||
| Q1 25 | $0.44 | $0.66 | ||
| Q4 24 | $0.58 | $0.99 | ||
| Q3 24 | $-0.17 | $2.14 | ||
| Q2 24 | $0.23 | $0.81 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | — |
| Total Assets | $8.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $110.2M | $49.7M | ||
| Q3 25 | $301.8M | $52.7M | ||
| Q2 25 | $86.5M | $49.4M | ||
| Q1 25 | $67.4M | $61.9M | ||
| Q4 24 | $129.8M | $72.8M | ||
| Q3 24 | $44.1M | $63.1M | ||
| Q2 24 | $145.7M | $62.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $100.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $99.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $29.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $429.2M | ||
| Q3 25 | $2.7B | $426.4M | ||
| Q2 25 | $2.6B | $413.1M | ||
| Q1 25 | $2.5B | $409.1M | ||
| Q4 24 | $2.4B | $404.9M | ||
| Q3 24 | $2.3B | $397.3M | ||
| Q2 24 | $2.3B | $384.1M |
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | $661.2M | ||
| Q3 25 | $8.2B | $637.6M | ||
| Q2 25 | $7.6B | $631.3M | ||
| Q1 25 | $7.5B | $634.2M | ||
| Q4 24 | $7.1B | $631.7M | ||
| Q3 24 | $6.7B | $597.4M | ||
| Q2 24 | $6.7B | $560.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.08× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $167.3M | $11.4M | ||
| Q3 25 | $-121.8M | $42.3M | ||
| Q2 25 | $79.6M | $-7.8M | ||
| Q1 25 | $-37.1M | $5.0M | ||
| Q4 24 | $5.9M | $25.2M | ||
| Q3 24 | $21.9M | $2.8M | ||
| Q2 24 | $-24.8M | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | 3.19× | ||
| Q2 25 | 0.81× | -2.39× | ||
| Q1 25 | -0.66× | 1.03× | ||
| Q4 24 | 0.08× | 3.33× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | -0.94× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
