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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Nano Dimension Ltd. (NNDM). 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 $57.8M, roughly 2.0× Nano Dimension Ltd.). HA Sustainable Infrastructure Capital, Inc. runs the higher net margin — -46.8% vs -171.1%, a 124.2% 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.

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

HASI vs NNDM — Head-to-Head

Bigger by revenue
HASI
HASI
2.0× larger
HASI
$114.8M
$57.8M
NNDM
Higher net margin
HASI
HASI
124.2% more per $
HASI
-46.8%
-171.1%
NNDM

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
HASI
HASI
NNDM
NNDM
Revenue
$114.8M
$57.8M
Net Profit
$-53.8M
$-98.8M
Gross Margin
43.1%
Operating Margin
-57.4%
-155.1%
Net Margin
-46.8%
-171.1%
Revenue YoY
13.3%
Net Profit YoY
-176.7%
EPS (diluted)
$-0.38
$-0.45

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
NNDM
NNDM
Q4 25
$114.8M
Q3 25
$103.1M
Q2 25
$85.7M
Q1 25
$96.9M
Q4 24
$101.3M
$57.8M
Q3 24
$82.0M
Q2 24
$94.5M
$28.4M
Q1 24
$105.8M
Net Profit
HASI
HASI
NNDM
NNDM
Q4 25
$-53.8M
Q3 25
$83.3M
Q2 25
$98.4M
Q1 25
$56.6M
Q4 24
$70.1M
$-98.8M
Q3 24
$-19.6M
Q2 24
$26.5M
$-79.2M
Q1 24
$123.0M
Gross Margin
HASI
HASI
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
43.1%
Q3 24
Q2 24
45.8%
Q1 24
Operating Margin
HASI
HASI
NNDM
NNDM
Q4 25
-57.4%
Q3 25
Q2 25
Q1 25
84.7%
Q4 24
90.9%
-155.1%
Q3 24
-32.1%
Q2 24
39.5%
Q1 24
Net Margin
HASI
HASI
NNDM
NNDM
Q4 25
-46.8%
Q3 25
80.8%
Q2 25
114.9%
Q1 25
58.4%
Q4 24
69.2%
-171.1%
Q3 24
-23.9%
Q2 24
28.1%
-279.4%
Q1 24
116.3%
EPS (diluted)
HASI
HASI
NNDM
NNDM
Q4 25
$-0.38
Q3 25
$0.61
Q2 25
$0.74
Q1 25
$0.44
Q4 24
$0.58
$-0.45
Q3 24
$-0.17
Q2 24
$0.23
$-0.35
Q1 24
$0.98

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
NNDM
NNDM
Cash + ST InvestmentsLiquidity on hand
$110.2M
$317.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$860.0M
Total Assets
$8.2B
$902.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
NNDM
NNDM
Q4 25
$110.2M
Q3 25
$301.8M
Q2 25
$86.5M
Q1 25
$67.4M
Q4 24
$129.8M
$317.2M
Q3 24
$44.1M
Q2 24
$145.7M
$231.8M
Q1 24
$61.4M
Stockholders' Equity
HASI
HASI
NNDM
NNDM
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.5B
Q4 24
$2.4B
$860.0M
Q3 24
$2.3B
Q2 24
$2.3B
$870.3M
Q1 24
$2.3B
Total Assets
HASI
HASI
NNDM
NNDM
Q4 25
$8.2B
Q3 25
$8.2B
Q2 25
$7.6B
Q1 25
$7.5B
Q4 24
$7.1B
$902.5M
Q3 24
$6.7B
Q2 24
$6.7B
$911.0M
Q1 24
$6.7B

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
NNDM
NNDM
Operating Cash FlowLast quarter
$167.3M
$-18.9M
Free Cash FlowOCF − Capex
$-21.1M
FCF MarginFCF / Revenue
-36.5%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
NNDM
NNDM
Q4 25
$167.3M
Q3 25
$-121.8M
Q2 25
$79.6M
Q1 25
$-37.1M
Q4 24
$5.9M
$-18.9M
Q3 24
$21.9M
Q2 24
$-24.8M
$-30.7M
Q1 24
$20.9M
Free Cash Flow
HASI
HASI
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-21.1M
Q3 24
Q2 24
Q1 24
FCF Margin
HASI
HASI
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-36.5%
Q3 24
Q2 24
Q1 24
Capex Intensity
HASI
HASI
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.8%
Q3 24
Q2 24
Q1 24
Cash Conversion
HASI
HASI
NNDM
NNDM
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.

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