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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Ouster, Inc. (OUST). 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 $62.2M, roughly 1.8× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 13.3%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
HASI vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $62.2M |
| Net Profit | $-53.8M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | -57.4% | 1.5% |
| Net Margin | -46.8% | — |
| Revenue YoY | 13.3% | 106.6% |
| Net Profit YoY | -176.7% | — |
| EPS (diluted) | $-0.38 | $0.10 |
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 | $62.2M | ||
| Q3 25 | $103.1M | $39.5M | ||
| Q2 25 | $85.7M | $35.0M | ||
| Q1 25 | $96.9M | $32.6M | ||
| Q4 24 | $101.3M | $30.1M | ||
| Q3 24 | $82.0M | $28.1M | ||
| Q2 24 | $94.5M | $27.0M | ||
| Q1 24 | $105.8M | $25.9M |
| Q4 25 | $-53.8M | — | ||
| Q3 25 | $83.3M | $-21.7M | ||
| Q2 25 | $98.4M | $-20.6M | ||
| Q1 25 | $56.6M | $-22.0M | ||
| Q4 24 | $70.1M | — | ||
| Q3 24 | $-19.6M | $-25.6M | ||
| Q2 24 | $26.5M | $-23.9M | ||
| Q1 24 | $123.0M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | -57.4% | 1.5% | ||
| Q3 25 | — | -61.4% | ||
| Q2 25 | — | -76.5% | ||
| Q1 25 | 84.7% | -73.0% | ||
| Q4 24 | 90.9% | -85.1% | ||
| Q3 24 | -32.1% | -98.0% | ||
| Q2 24 | 39.5% | -93.6% | ||
| Q1 24 | — | -99.5% |
| Q4 25 | -46.8% | — | ||
| Q3 25 | 80.8% | -55.0% | ||
| Q2 25 | 114.9% | -58.8% | ||
| Q1 25 | 58.4% | -67.5% | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -23.9% | -91.1% | ||
| Q2 24 | 28.1% | -88.4% | ||
| Q1 24 | 116.3% | -91.9% |
| Q4 25 | $-0.38 | $0.10 | ||
| Q3 25 | $0.61 | $-0.37 | ||
| Q2 25 | $0.74 | $-0.38 | ||
| Q1 25 | $0.44 | $-0.42 | ||
| Q4 24 | $0.58 | $-0.46 | ||
| Q3 24 | $-0.17 | $-0.54 | ||
| Q2 24 | $0.23 | $-0.53 | ||
| Q1 24 | $0.98 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $261.7M |
| Total Assets | $8.2B | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $208.6M | ||
| Q3 25 | $301.8M | $244.5M | ||
| Q2 25 | $86.5M | $226.5M | ||
| Q1 25 | $67.4M | $168.2M | ||
| Q4 24 | $129.8M | $172.0M | ||
| Q3 24 | $44.1M | $151.4M | ||
| Q2 24 | $145.7M | $184.2M | ||
| Q1 24 | $61.4M | $187.8M |
| Q4 25 | $2.7B | $261.7M | ||
| Q3 25 | $2.7B | $247.4M | ||
| Q2 25 | $2.6B | $221.0M | ||
| Q1 25 | $2.5B | $167.9M | ||
| Q4 24 | $2.4B | $180.9M | ||
| Q3 24 | $2.3B | $171.7M | ||
| Q2 24 | $2.3B | $170.6M | ||
| Q1 24 | $2.3B | $167.2M |
| Q4 25 | $8.2B | $349.5M | ||
| Q3 25 | $8.2B | $353.8M | ||
| Q2 25 | $7.6B | $321.8M | ||
| Q1 25 | $7.5B | $268.6M | ||
| Q4 24 | $7.1B | $276.1M | ||
| Q3 24 | $6.7B | $255.2M | ||
| Q2 24 | $6.7B | $309.9M | ||
| Q1 24 | $6.7B | $317.7M |
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 | $-15.4M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -59.8% |
| Capex IntensityCapex / Revenue | — | 35.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $-15.4M | ||
| Q3 25 | $-121.8M | $-18.3M | ||
| Q2 25 | $79.6M | $-1.3M | ||
| Q1 25 | $-37.1M | $-4.9M | ||
| Q4 24 | $5.9M | $-2.6M | ||
| Q3 24 | $21.9M | $-3.8M | ||
| Q2 24 | $-24.8M | $-21.6M | ||
| Q1 24 | $20.9M | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% | ||
| Q1 24 | — | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 5.3% |
| 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.
