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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $114.8M, roughly 1.1× HA Sustainable Infrastructure Capital, Inc.). Porch Group, Inc. runs the higher net margin — -3.9% vs -46.8%, a 43.0% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 13.3%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
HASI vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $121.1M |
| Net Profit | $-53.8M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | -57.4% | 34.7% |
| Net Margin | -46.8% | -3.9% |
| Revenue YoY | 13.3% | 100.0% |
| Net Profit YoY | -176.7% | 2.0% |
| EPS (diluted) | $-0.38 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $114.8M | $112.3M | ||
| Q3 25 | $103.1M | $115.1M | ||
| Q2 25 | $85.7M | $107.0M | ||
| Q1 25 | $96.9M | $84.5M | ||
| Q4 24 | $101.3M | $75.3M | ||
| Q3 24 | $82.0M | $77.7M | ||
| Q2 24 | $94.5M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $-53.8M | $-3.5M | ||
| Q3 25 | $83.3M | $-10.9M | ||
| Q2 25 | $98.4M | $2.6M | ||
| Q1 25 | $56.6M | $8.4M | ||
| Q4 24 | $70.1M | $30.5M | ||
| Q3 24 | $-19.6M | $14.4M | ||
| Q2 24 | $26.5M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | -57.4% | 14.7% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | 84.7% | -1.5% | ||
| Q4 24 | 90.9% | 33.3% | ||
| Q3 24 | -32.1% | -3.2% | ||
| Q2 24 | 39.5% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | -46.8% | -3.1% | ||
| Q3 25 | 80.8% | -9.4% | ||
| Q2 25 | 114.9% | 2.4% | ||
| Q1 25 | 58.4% | 9.9% | ||
| Q4 24 | 69.2% | 40.5% | ||
| Q3 24 | -23.9% | 18.5% | ||
| Q2 24 | 28.1% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-0.38 | $0.00 | ||
| Q3 25 | $0.61 | $-0.10 | ||
| Q2 25 | $0.74 | $0.00 | ||
| Q1 25 | $0.44 | $0.07 | ||
| Q4 24 | $0.58 | $0.34 | ||
| Q3 24 | $-0.17 | $0.12 | ||
| Q2 24 | $0.23 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | — | $391.3M |
| Stockholders' EquityBook value | $2.7B | $26.3M |
| Total Assets | $8.2B | $806.6M |
| Debt / EquityLower = less leverage | — | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $110.2M | $57.3M | ||
| Q3 25 | $301.8M | $85.0M | ||
| Q2 25 | $86.5M | $79.8M | ||
| Q1 25 | $67.4M | $70.4M | ||
| Q4 24 | $129.8M | $191.7M | ||
| Q3 24 | $44.1M | $238.6M | ||
| Q2 24 | $145.7M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | — | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | — | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $2.7B | $-24.6M | ||
| Q3 25 | $2.7B | $-27.9M | ||
| Q2 25 | $2.6B | $-29.3M | ||
| Q1 25 | $2.5B | $-52.4M | ||
| Q4 24 | $2.4B | $-43.2M | ||
| Q3 24 | $2.3B | $-77.0M | ||
| Q2 24 | $2.3B | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $8.2B | $797.4M | ||
| Q3 25 | $8.2B | $787.7M | ||
| Q2 25 | $7.6B | $770.7M | ||
| Q1 25 | $7.5B | $802.3M | ||
| Q4 24 | $7.1B | $814.0M | ||
| Q3 24 | $6.7B | $867.3M | ||
| Q2 24 | $6.7B | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.3M | $1.2M | ||
| Q3 25 | $-121.8M | $40.8M | ||
| Q2 25 | $79.6M | $35.6M | ||
| Q1 25 | $-37.1M | $-11.2M | ||
| Q4 24 | $5.9M | $-26.6M | ||
| Q3 24 | $21.9M | $12.4M | ||
| Q2 24 | $-24.8M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | — | $35.4M | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | — | $-26.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | -13.3% | ||
| Q4 24 | — | -35.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | — | ||
| Q2 25 | 0.81× | 13.79× | ||
| Q1 25 | -0.66× | -1.33× | ||
| Q4 24 | 0.08× | -0.87× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | -0.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
