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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $114.8M, roughly 1.4× HA Sustainable Infrastructure Capital, Inc.). HA Sustainable Infrastructure Capital, Inc. runs the higher net margin — -46.8% vs -82.0%, a 35.1% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -22.7%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -11.5%).

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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

HASI vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.4× larger
PTCT
$164.7M
$114.8M
HASI
Growing faster (revenue YoY)
HASI
HASI
+36.1% gap
HASI
13.3%
-22.7%
PTCT
Higher net margin
HASI
HASI
35.1% more per $
HASI
-46.8%
-82.0%
PTCT
Faster 2-yr revenue CAGR
HASI
HASI
Annualised
HASI
4.2%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HASI
HASI
PTCT
PTCT
Revenue
$114.8M
$164.7M
Net Profit
$-53.8M
$-135.0M
Gross Margin
Operating Margin
-57.4%
-43.3%
Net Margin
-46.8%
-82.0%
Revenue YoY
13.3%
-22.7%
Net Profit YoY
-176.7%
-104.8%
EPS (diluted)
$-0.38
$-1.63

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
PTCT
PTCT
Q4 25
$114.8M
$164.7M
Q3 25
$103.1M
$211.0M
Q2 25
$85.7M
$178.9M
Q1 25
$96.9M
$1.2B
Q4 24
$101.3M
$213.2M
Q3 24
$82.0M
$196.8M
Q2 24
$94.5M
$186.7M
Q1 24
$105.8M
$210.1M
Net Profit
HASI
HASI
PTCT
PTCT
Q4 25
$-53.8M
$-135.0M
Q3 25
$83.3M
$15.9M
Q2 25
$98.4M
$-64.8M
Q1 25
$56.6M
$866.6M
Q4 24
$70.1M
$-65.9M
Q3 24
$-19.6M
$-106.7M
Q2 24
$26.5M
$-99.2M
Q1 24
$123.0M
$-91.6M
Operating Margin
HASI
HASI
PTCT
PTCT
Q4 25
-57.4%
-43.3%
Q3 25
1.4%
Q2 25
-19.5%
Q1 25
84.7%
82.5%
Q4 24
90.9%
-76.2%
Q3 24
-32.1%
-27.7%
Q2 24
39.5%
-21.5%
Q1 24
-21.6%
Net Margin
HASI
HASI
PTCT
PTCT
Q4 25
-46.8%
-82.0%
Q3 25
80.8%
7.5%
Q2 25
114.9%
-36.3%
Q1 25
58.4%
73.7%
Q4 24
69.2%
-30.9%
Q3 24
-23.9%
-54.2%
Q2 24
28.1%
-53.1%
Q1 24
116.3%
-43.6%
EPS (diluted)
HASI
HASI
PTCT
PTCT
Q4 25
$-0.38
$-1.63
Q3 25
$0.61
$0.20
Q2 25
$0.74
$-0.83
Q1 25
$0.44
$10.04
Q4 24
$0.58
$-0.85
Q3 24
$-0.17
$-1.39
Q2 24
$0.23
$-1.29
Q1 24
$0.98
$-1.20

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$110.2M
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$-205.3M
Total Assets
$8.2B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
PTCT
PTCT
Q4 25
$110.2M
$1.9B
Q3 25
$301.8M
$1.7B
Q2 25
$86.5M
$2.0B
Q1 25
$67.4M
$2.0B
Q4 24
$129.8M
$1.1B
Q3 24
$44.1M
$1.0B
Q2 24
$145.7M
$1.1B
Q1 24
$61.4M
$884.8M
Stockholders' Equity
HASI
HASI
PTCT
PTCT
Q4 25
$2.7B
$-205.3M
Q3 25
$2.7B
$-155.8M
Q2 25
$2.6B
$-206.5M
Q1 25
$2.5B
$-185.8M
Q4 24
$2.4B
$-1.1B
Q3 24
$2.3B
$-1.1B
Q2 24
$2.3B
$-980.2M
Q1 24
$2.3B
$-893.9M
Total Assets
HASI
HASI
PTCT
PTCT
Q4 25
$8.2B
$2.9B
Q3 25
$8.2B
$2.6B
Q2 25
$7.6B
$2.6B
Q1 25
$7.5B
$2.7B
Q4 24
$7.1B
$1.7B
Q3 24
$6.7B
$1.8B
Q2 24
$6.7B
$1.9B
Q1 24
$6.7B
$1.8B

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
PTCT
PTCT
Operating Cash FlowLast quarter
$167.3M
$-34.3M
Free Cash FlowOCF − Capex
$-36.6M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
PTCT
PTCT
Q4 25
$167.3M
$-34.3M
Q3 25
$-121.8M
$-66.3M
Q2 25
$79.6M
$-58.3M
Q1 25
$-37.1M
$870.1M
Q4 24
$5.9M
$-30.0M
Q3 24
$21.9M
$-77.0M
Q2 24
$-24.8M
$-71.5M
Q1 24
$20.9M
$70.8M
Free Cash Flow
HASI
HASI
PTCT
PTCT
Q4 25
$-36.6M
Q3 25
$-69.7M
Q2 25
$-59.6M
Q1 25
$868.4M
Q4 24
$-33.8M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
HASI
HASI
PTCT
PTCT
Q4 25
-22.3%
Q3 25
-33.1%
Q2 25
-33.3%
Q1 25
73.8%
Q4 24
-15.8%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
HASI
HASI
PTCT
PTCT
Q4 25
1.4%
Q3 25
1.6%
Q2 25
0.7%
Q1 25
0.1%
Q4 24
1.8%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
HASI
HASI
PTCT
PTCT
Q4 25
Q3 25
-1.46×
-4.17×
Q2 25
0.81×
Q1 25
-0.66×
1.00×
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.

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