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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and NPK International Inc. (NPKI). 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 $75.2M, roughly 1.5× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 13.3%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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.
HASI vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $75.2M |
| Net Profit | $-53.8M | — |
| Gross Margin | — | 37.7% |
| Operating Margin | -57.4% | 16.7% |
| Net Margin | -46.8% | — |
| Revenue YoY | 13.3% | 30.7% |
| Net Profit YoY | -176.7% | — |
| EPS (diluted) | $-0.38 | $0.17 |
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.
| Q4 25 | $114.8M | $75.2M | ||
| Q3 25 | $103.1M | $68.8M | ||
| Q2 25 | $85.7M | $68.2M | ||
| Q1 25 | $96.9M | $64.8M | ||
| Q4 24 | $101.3M | $57.5M | ||
| Q3 24 | $82.0M | $44.2M | ||
| Q2 24 | $94.5M | $66.8M | ||
| Q1 24 | $105.8M | $49.0M |
| Q4 25 | $-53.8M | — | ||
| Q3 25 | $83.3M | $5.7M | ||
| Q2 25 | $98.4M | $8.7M | ||
| Q1 25 | $56.6M | $10.0M | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $-19.6M | $-174.3M | ||
| Q2 24 | $26.5M | $8.0M | ||
| Q1 24 | $123.0M | $7.3M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 39.0% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | -57.4% | 16.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | 84.7% | 20.9% | ||
| Q4 24 | 90.9% | 20.2% | ||
| Q3 24 | -32.1% | 2.8% | ||
| Q2 24 | 39.5% | 18.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | -46.8% | — | ||
| Q3 25 | 80.8% | 8.2% | ||
| Q2 25 | 114.9% | 12.7% | ||
| Q1 25 | 58.4% | 15.4% | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -23.9% | -394.3% | ||
| Q2 24 | 28.1% | 12.0% | ||
| Q1 24 | 116.3% | 14.9% |
| Q4 25 | $-0.38 | $0.17 | ||
| Q3 25 | $0.61 | $0.07 | ||
| Q2 25 | $0.74 | $0.10 | ||
| Q1 25 | $0.44 | $0.11 | ||
| Q4 24 | $0.58 | $0.10 | ||
| Q3 24 | $-0.17 | $-1.99 | ||
| Q2 24 | $0.23 | $0.09 | ||
| Q1 24 | $0.98 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $2.7B | $351.2M |
| Total Assets | $8.2B | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $5.1M | ||
| Q3 25 | $301.8M | $35.6M | ||
| Q2 25 | $86.5M | $26.0M | ||
| Q1 25 | $67.4M | $20.8M | ||
| Q4 24 | $129.8M | $17.8M | ||
| Q3 24 | $44.1M | $42.9M | ||
| Q2 24 | $145.7M | $35.1M | ||
| Q1 24 | $61.4M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $2.7B | $351.2M | ||
| Q3 25 | $2.7B | $333.9M | ||
| Q2 25 | $2.6B | $328.8M | ||
| Q1 25 | $2.5B | $326.9M | ||
| Q4 24 | $2.4B | $326.5M | ||
| Q3 24 | $2.3B | $316.5M | ||
| Q2 24 | $2.3B | $426.6M | ||
| Q1 24 | $2.3B | $421.6M |
| Q4 25 | $8.2B | $441.8M | ||
| Q3 25 | $8.2B | $404.5M | ||
| Q2 25 | $7.6B | $393.7M | ||
| Q1 25 | $7.5B | $390.0M | ||
| Q4 24 | $7.1B | $393.7M | ||
| Q3 24 | $6.7B | $389.6M | ||
| Q2 24 | $6.7B | $624.8M | ||
| Q1 24 | $6.7B | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | — | $5.8M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $18.0M | ||
| Q3 25 | $-121.8M | $24.7M | ||
| Q2 25 | $79.6M | $21.4M | ||
| Q1 25 | $-37.1M | $8.8M | ||
| Q4 24 | $5.9M | $-4.1M | ||
| Q3 24 | $21.9M | $2.8M | ||
| Q2 24 | $-24.8M | $27.6M | ||
| Q1 24 | $20.9M | $11.9M |
| Q4 25 | — | $5.8M | ||
| Q3 25 | — | $12.0M | ||
| Q2 25 | — | $9.7M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | — | $-17.7M | ||
| Q3 24 | — | $-6.7M | ||
| Q2 24 | — | $21.0M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | -30.8% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | — | 31.4% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | — | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | 4.37× | ||
| Q2 25 | 0.81× | 2.47× | ||
| Q1 25 | -0.66× | 0.88× | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.94× | 3.43× | ||
| Q1 24 | 0.17× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
