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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $114.8M, roughly 1.1× HA Sustainable Infrastructure Capital, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -46.8%, a 176.6% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 4.7%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
HASI vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $124.5M |
| Net Profit | $-53.8M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | -57.4% | 6.5% |
| Net Margin | -46.8% | 129.7% |
| Revenue YoY | 13.3% | 4.7% |
| Net Profit YoY | -176.7% | 2827.7% |
| EPS (diluted) | $-0.38 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $103.1M | $123.4M | ||
| Q2 25 | $85.7M | $119.8M | ||
| Q1 25 | $96.9M | $121.4M | ||
| Q4 24 | $101.3M | $118.9M | ||
| Q3 24 | $82.0M | $115.9M | ||
| Q2 24 | $94.5M | $111.2M | ||
| Q1 24 | $105.8M | $111.1M |
| Q4 25 | $-53.8M | $161.6M | ||
| Q3 25 | $83.3M | $9.6M | ||
| Q2 25 | $98.4M | $-7.2M | ||
| Q1 25 | $56.6M | $-8.8M | ||
| Q4 24 | $70.1M | $-5.9M | ||
| Q3 24 | $-19.6M | $-10.9M | ||
| Q2 24 | $26.5M | $-17.1M | ||
| Q1 24 | $123.0M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | -57.4% | 6.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -8.6% | ||
| Q1 25 | 84.7% | -9.6% | ||
| Q4 24 | 90.9% | -8.7% | ||
| Q3 24 | -32.1% | -13.8% | ||
| Q2 24 | 39.5% | -19.5% | ||
| Q1 24 | — | -30.1% |
| Q4 25 | -46.8% | 129.7% | ||
| Q3 25 | 80.8% | 7.8% | ||
| Q2 25 | 114.9% | -6.0% | ||
| Q1 25 | 58.4% | -7.2% | ||
| Q4 24 | 69.2% | -5.0% | ||
| Q3 24 | -23.9% | -9.4% | ||
| Q2 24 | 28.1% | -15.4% | ||
| Q1 24 | 116.3% | -25.3% |
| Q4 25 | $-0.38 | $1.69 | ||
| Q3 25 | $0.61 | $0.10 | ||
| Q2 25 | $0.74 | $-0.07 | ||
| Q1 25 | $0.44 | $-0.12 | ||
| Q4 24 | $0.58 | $-0.07 | ||
| Q3 24 | $-0.17 | $-0.14 | ||
| Q2 24 | $0.23 | $-0.26 | ||
| Q1 24 | $0.98 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $320.5M |
| Total Assets | $8.2B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $547.8M | ||
| Q3 25 | $301.8M | $567.9M | ||
| Q2 25 | $86.5M | $597.1M | ||
| Q1 25 | $67.4M | $570.8M | ||
| Q4 24 | $129.8M | $542.2M | ||
| Q3 24 | $44.1M | $599.3M | ||
| Q2 24 | $145.7M | $592.8M | ||
| Q1 24 | $61.4M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $2.7B | $320.5M | ||
| Q3 25 | $2.7B | $180.7M | ||
| Q2 25 | $2.6B | $145.7M | ||
| Q1 25 | $2.5B | $129.8M | ||
| Q4 24 | $2.4B | $111.6M | ||
| Q3 24 | $2.3B | $164.7M | ||
| Q2 24 | $2.3B | $174.0M | ||
| Q1 24 | $2.3B | $171.6M |
| Q4 25 | $8.2B | $1.0B | ||
| Q3 25 | $8.2B | $891.5M | ||
| Q2 25 | $7.6B | $926.8M | ||
| Q1 25 | $7.5B | $927.3M | ||
| Q4 24 | $7.1B | $866.8M | ||
| Q3 24 | $6.7B | $916.0M | ||
| Q2 24 | $6.7B | $924.0M | ||
| Q1 24 | $6.7B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $24.8M | ||
| Q3 25 | $-121.8M | $34.0M | ||
| Q2 25 | $79.6M | $30.7M | ||
| Q1 25 | $-37.1M | $31.4M | ||
| Q4 24 | $5.9M | $22.1M | ||
| Q3 24 | $21.9M | $35.8M | ||
| Q2 24 | $-24.8M | $28.6M | ||
| Q1 24 | $20.9M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | -1.46× | 3.55× | ||
| 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.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
