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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and PERDOCEO EDUCATION Corp (PRDO). Click either name above to swap in a different company.

PERDOCEO EDUCATION Corp is the larger business by last-quarter revenue ($211.6M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs 13.3%). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% 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.

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

HASI vs PRDO — Head-to-Head

Bigger by revenue
PRDO
PRDO
1.8× larger
PRDO
$211.6M
$114.8M
HASI
Growing faster (revenue YoY)
PRDO
PRDO
+6.6% gap
PRDO
20.0%
13.3%
HASI
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
4.2%
HASI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HASI
HASI
PRDO
PRDO
Revenue
$114.8M
$211.6M
Net Profit
$-53.8M
Gross Margin
Operating Margin
-57.4%
19.8%
Net Margin
-46.8%
Revenue YoY
13.3%
20.0%
Net Profit YoY
-176.7%
EPS (diluted)
$-0.38
$0.55

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.

Revenue
HASI
HASI
PRDO
PRDO
Q4 25
$114.8M
$211.6M
Q3 25
$103.1M
$211.9M
Q2 25
$85.7M
$209.6M
Q1 25
$96.9M
$213.0M
Q4 24
$101.3M
$176.4M
Q3 24
$82.0M
$169.8M
Q2 24
$94.5M
$166.7M
Q1 24
$105.8M
$168.3M
Net Profit
HASI
HASI
PRDO
PRDO
Q4 25
$-53.8M
Q3 25
$83.3M
$39.9M
Q2 25
$98.4M
$41.0M
Q1 25
$56.6M
$43.7M
Q4 24
$70.1M
Q3 24
$-19.6M
$38.3M
Q2 24
$26.5M
$38.4M
Q1 24
$123.0M
$39.4M
Operating Margin
HASI
HASI
PRDO
PRDO
Q4 25
-57.4%
19.8%
Q3 25
24.1%
Q2 25
24.5%
Q1 25
84.7%
24.3%
Q4 24
90.9%
21.1%
Q3 24
-32.1%
26.4%
Q2 24
39.5%
27.6%
Q1 24
27.5%
Net Margin
HASI
HASI
PRDO
PRDO
Q4 25
-46.8%
Q3 25
80.8%
18.8%
Q2 25
114.9%
19.6%
Q1 25
58.4%
20.5%
Q4 24
69.2%
Q3 24
-23.9%
22.5%
Q2 24
28.1%
23.0%
Q1 24
116.3%
23.4%
EPS (diluted)
HASI
HASI
PRDO
PRDO
Q4 25
$-0.38
$0.55
Q3 25
$0.61
$0.60
Q2 25
$0.74
$0.62
Q1 25
$0.44
$0.65
Q4 24
$0.58
$0.46
Q3 24
$-0.17
$0.57
Q2 24
$0.23
$0.57
Q1 24
$0.98
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HASI
HASI
PRDO
PRDO
Cash + ST InvestmentsLiquidity on hand
$110.2M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$972.4M
Total Assets
$8.2B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
PRDO
PRDO
Q4 25
$110.2M
$111.0M
Q3 25
$301.8M
$159.5M
Q2 25
$86.5M
$172.1M
Q1 25
$67.4M
$132.1M
Q4 24
$129.8M
$109.1M
Q3 24
$44.1M
$238.0M
Q2 24
$145.7M
$127.9M
Q1 24
$61.4M
$125.8M
Stockholders' Equity
HASI
HASI
PRDO
PRDO
Q4 25
$2.7B
$972.4M
Q3 25
$2.7B
$997.9M
Q2 25
$2.6B
$984.6M
Q1 25
$2.5B
$970.3M
Q4 24
$2.4B
$959.5M
Q3 24
$2.3B
$935.4M
Q2 24
$2.3B
$899.5M
Q1 24
$2.3B
$866.1M
Total Assets
HASI
HASI
PRDO
PRDO
Q4 25
$8.2B
$1.2B
Q3 25
$8.2B
$1.3B
Q2 25
$7.6B
$1.3B
Q1 25
$7.5B
$1.3B
Q4 24
$7.1B
$1.2B
Q3 24
$6.7B
$1.1B
Q2 24
$6.7B
$1.1B
Q1 24
$6.7B
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HASI
HASI
PRDO
PRDO
Operating Cash FlowLast quarter
$167.3M
$40.1M
Free Cash FlowOCF − Capex
$37.9M
FCF MarginFCF / Revenue
17.9%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$216.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
PRDO
PRDO
Q4 25
$167.3M
$40.1M
Q3 25
$-121.8M
$41.2M
Q2 25
$79.6M
$78.8M
Q1 25
$-37.1M
$65.1M
Q4 24
$5.9M
$17.6M
Q3 24
$21.9M
$51.0M
Q2 24
$-24.8M
$38.5M
Q1 24
$20.9M
$54.5M
Free Cash Flow
HASI
HASI
PRDO
PRDO
Q4 25
$37.9M
Q3 25
$39.4M
Q2 25
$76.0M
Q1 25
$63.4M
Q4 24
$16.0M
Q3 24
$50.0M
Q2 24
$37.7M
Q1 24
$53.3M
FCF Margin
HASI
HASI
PRDO
PRDO
Q4 25
17.9%
Q3 25
18.6%
Q2 25
36.3%
Q1 25
29.8%
Q4 24
9.1%
Q3 24
29.4%
Q2 24
22.6%
Q1 24
31.7%
Capex Intensity
HASI
HASI
PRDO
PRDO
Q4 25
1.1%
Q3 25
0.9%
Q2 25
1.3%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
0.6%
Q2 24
0.5%
Q1 24
0.7%
Cash Conversion
HASI
HASI
PRDO
PRDO
Q4 25
Q3 25
-1.46×
1.03×
Q2 25
0.81×
1.92×
Q1 25
-0.66×
1.49×
Q4 24
0.08×
Q3 24
1.33×
Q2 24
-0.94×
1.00×
Q1 24
0.17×
1.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HASI
HASI

Segment breakdown not available.

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

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