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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -46.8%, a 65.6% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 8.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
HASI vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $212.2M |
| Net Profit | $-53.8M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | -57.4% | 18.6% |
| Net Margin | -46.8% | 18.8% |
| Revenue YoY | 13.3% | 8.6% |
| Net Profit YoY | -176.7% | 255.7% |
| 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 | $212.2M | ||
| Q3 25 | $103.1M | $199.8M | ||
| Q2 25 | $85.7M | $194.8M | ||
| Q1 25 | $96.9M | $188.7M | ||
| Q4 24 | $101.3M | $195.4M | ||
| Q3 24 | $82.0M | $185.5M | ||
| Q2 24 | $94.5M | $176.0M | ||
| Q1 24 | $105.8M | $171.9M |
| Q4 25 | $-53.8M | $39.9M | ||
| Q3 25 | $83.3M | $27.4M | ||
| Q2 25 | $98.4M | $7.7M | ||
| Q1 25 | $56.6M | $-6.3M | ||
| Q4 24 | $70.1M | $11.2M | ||
| Q3 24 | $-19.6M | $1.7M | ||
| Q2 24 | $26.5M | $-7.5M | ||
| Q1 24 | $123.0M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | -57.4% | 18.6% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | 84.7% | -6.1% | ||
| Q4 24 | 90.9% | 7.5% | ||
| Q3 24 | -32.1% | 4.0% | ||
| Q2 24 | 39.5% | -3.0% | ||
| Q1 24 | — | -8.3% |
| Q4 25 | -46.8% | 18.8% | ||
| Q3 25 | 80.8% | 13.7% | ||
| Q2 25 | 114.9% | 4.0% | ||
| Q1 25 | 58.4% | -3.3% | ||
| Q4 24 | 69.2% | 5.7% | ||
| Q3 24 | -23.9% | 0.9% | ||
| Q2 24 | 28.1% | -4.3% | ||
| Q1 24 | 116.3% | -3.1% |
| Q4 25 | $-0.38 | $0.62 | ||
| Q3 25 | $0.61 | $0.42 | ||
| Q2 25 | $0.74 | $0.12 | ||
| Q1 25 | $0.44 | $-0.10 | ||
| Q4 24 | $0.58 | $0.17 | ||
| Q3 24 | $-0.17 | $0.03 | ||
| Q2 24 | $0.23 | $-0.11 | ||
| Q1 24 | $0.98 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $962.3M |
| Total Assets | $8.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $403.4M | ||
| Q3 25 | $301.8M | $376.9M | ||
| Q2 25 | $86.5M | $371.1M | ||
| Q1 25 | $67.4M | $420.8M | ||
| Q4 24 | $129.8M | $384.3M | ||
| Q3 24 | $44.1M | $348.4M | ||
| Q2 24 | $145.7M | $342.7M | ||
| Q1 24 | $61.4M | $368.9M |
| Q4 25 | $2.7B | $962.3M | ||
| Q3 25 | $2.7B | $943.8M | ||
| Q2 25 | $2.6B | $947.8M | ||
| Q1 25 | $2.5B | $948.9M | ||
| Q4 24 | $2.4B | $957.7M | ||
| Q3 24 | $2.3B | $932.1M | ||
| Q2 24 | $2.3B | $951.9M | ||
| Q1 24 | $2.3B | $949.1M |
| Q4 25 | $8.2B | $1.3B | ||
| Q3 25 | $8.2B | $1.2B | ||
| Q2 25 | $7.6B | $1.2B | ||
| Q1 25 | $7.5B | $1.3B | ||
| Q4 24 | $7.1B | $1.3B | ||
| Q3 24 | $6.7B | $1.2B | ||
| Q2 24 | $6.7B | $1.2B | ||
| Q1 24 | $6.7B | $1.2B |
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 | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | — | ||
| Q3 25 | $-121.8M | $57.4M | ||
| Q2 25 | $79.6M | $-15.8M | ||
| Q1 25 | $-37.1M | — | ||
| Q4 24 | $5.9M | $45.1M | ||
| Q3 24 | $21.9M | $55.6M | ||
| Q2 24 | $-24.8M | $-9.3M | ||
| Q1 24 | $20.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | 2.09× | ||
| Q2 25 | 0.81× | -2.04× | ||
| Q1 25 | -0.66× | — | ||
| Q4 24 | 0.08× | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | -0.94× | — | ||
| Q1 24 | 0.17× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
