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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $114.8M, roughly 1.3× HA Sustainable Infrastructure Capital, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -46.8%, a 51.6% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 13.3%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
HASI vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $153.1M |
| Net Profit | $-53.8M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | -57.4% | 12.0% |
| Net Margin | -46.8% | 4.8% |
| Revenue YoY | 13.3% | 22.3% |
| Net Profit YoY | -176.7% | 8.5% |
| EPS (diluted) | $-0.38 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $103.1M | $138.0M | ||
| Q2 25 | $85.7M | $129.8M | ||
| Q1 25 | $96.9M | $122.8M | ||
| Q4 24 | $101.3M | $125.1M | ||
| Q3 24 | $82.0M | $124.8M | ||
| Q2 24 | $94.5M | $118.8M | ||
| Q1 24 | $105.8M | $111.9M |
| Q4 25 | $-53.8M | $7.3M | ||
| Q3 25 | $83.3M | $2.3M | ||
| Q2 25 | $98.4M | $518.0K | ||
| Q1 25 | $56.6M | $4.8M | ||
| Q4 24 | $70.1M | $6.8M | ||
| Q3 24 | $-19.6M | $1.3M | ||
| Q2 24 | $26.5M | $6.0M | ||
| Q1 24 | $123.0M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | -57.4% | 12.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | 84.7% | 11.5% | ||
| Q4 24 | 90.9% | 12.7% | ||
| Q3 24 | -32.1% | 14.3% | ||
| Q2 24 | 39.5% | 12.5% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | -46.8% | 4.8% | ||
| Q3 25 | 80.8% | 1.7% | ||
| Q2 25 | 114.9% | 0.4% | ||
| Q1 25 | 58.4% | 3.9% | ||
| Q4 24 | 69.2% | 5.4% | ||
| Q3 24 | -23.9% | 1.0% | ||
| Q2 24 | 28.1% | 5.1% | ||
| Q1 24 | 116.3% | 4.9% |
| Q4 25 | $-0.38 | $0.62 | ||
| Q3 25 | $0.61 | $0.19 | ||
| Q2 25 | $0.74 | $0.04 | ||
| Q1 25 | $0.44 | $0.40 | ||
| Q4 24 | $0.58 | $0.56 | ||
| Q3 24 | $-0.17 | $0.11 | ||
| Q2 24 | $0.23 | $0.51 | ||
| Q1 24 | $0.98 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $2.7B | $-17.3M |
| Total Assets | $8.2B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $21.7M | ||
| Q3 25 | $301.8M | $16.0M | ||
| Q2 25 | $86.5M | $17.1M | ||
| Q1 25 | $67.4M | $31.5M | ||
| Q4 24 | $129.8M | $33.5M | ||
| Q3 24 | $44.1M | $14.7M | ||
| Q2 24 | $145.7M | $7.5M | ||
| Q1 24 | $61.4M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $2.7B | $-17.3M | ||
| Q3 25 | $2.7B | $-25.7M | ||
| Q2 25 | $2.6B | $-29.0M | ||
| Q1 25 | $2.5B | $-29.7M | ||
| Q4 24 | $2.4B | $-35.6M | ||
| Q3 24 | $2.3B | $-42.8M | ||
| Q2 24 | $2.3B | $-44.6M | ||
| Q1 24 | $2.3B | $-48.5M |
| Q4 25 | $8.2B | $403.2M | ||
| Q3 25 | $8.2B | $407.1M | ||
| Q2 25 | $7.6B | $399.8M | ||
| Q1 25 | $7.5B | $351.9M | ||
| Q4 24 | $7.1B | $349.7M | ||
| Q3 24 | $6.7B | $342.3M | ||
| Q2 24 | $6.7B | $321.4M | ||
| Q1 24 | $6.7B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $39.6M | ||
| Q3 25 | $-121.8M | $10.0M | ||
| Q2 25 | $79.6M | $4.3M | ||
| Q1 25 | $-37.1M | $5.6M | ||
| Q4 24 | $5.9M | $26.7M | ||
| Q3 24 | $21.9M | $12.5M | ||
| Q2 24 | $-24.8M | $-4.8M | ||
| Q1 24 | $20.9M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | -1.46× | 4.32× | ||
| Q2 25 | 0.81× | 8.39× | ||
| Q1 25 | -0.66× | 1.17× | ||
| Q4 24 | 0.08× | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | -0.94× | -0.79× | ||
| Q1 24 | 0.17× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
