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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). SunOpta Inc. runs the higher net margin — 0.4% vs -46.8%, a 47.2% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 13.3%). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
HASI vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $205.4M |
| Net Profit | $-53.8M | $816.0K |
| Gross Margin | — | 12.4% |
| Operating Margin | -57.4% | 3.3% |
| Net Margin | -46.8% | 0.4% |
| Revenue YoY | 13.3% | 16.6% |
| Net Profit YoY | -176.7% | 113.1% |
| EPS (diluted) | $-0.38 | $0.01 |
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 | — | ||
| Q3 25 | $103.1M | $205.4M | ||
| Q2 25 | $85.7M | $191.5M | ||
| Q1 25 | $96.9M | $201.6M | ||
| Q4 24 | $101.3M | $193.9M | ||
| Q3 24 | $82.0M | $175.9M | ||
| Q2 24 | $94.5M | $169.5M | ||
| Q1 24 | $105.8M | $184.4M |
| Q4 25 | $-53.8M | — | ||
| Q3 25 | $83.3M | $816.0K | ||
| Q2 25 | $98.4M | $4.4M | ||
| Q1 25 | $56.6M | $4.8M | ||
| Q4 24 | $70.1M | $-8.7M | ||
| Q3 24 | $-19.6M | $-6.2M | ||
| Q2 24 | $26.5M | $-5.3M | ||
| Q1 24 | $123.0M | $2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 16.8% |
| Q4 25 | -57.4% | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | 84.7% | 5.2% | ||
| Q4 24 | 90.9% | 1.4% | ||
| Q3 24 | -32.1% | 0.5% | ||
| Q2 24 | 39.5% | 1.2% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | -46.8% | — | ||
| Q3 25 | 80.8% | 0.4% | ||
| Q2 25 | 114.9% | 2.3% | ||
| Q1 25 | 58.4% | 2.4% | ||
| Q4 24 | 69.2% | -4.5% | ||
| Q3 24 | -23.9% | -3.5% | ||
| Q2 24 | 28.1% | -3.1% | ||
| Q1 24 | 116.3% | 1.6% |
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $0.61 | $0.01 | ||
| Q2 25 | $0.74 | $0.03 | ||
| Q1 25 | $0.44 | $0.04 | ||
| Q4 24 | $0.58 | $-0.08 | ||
| Q3 24 | $-0.17 | $-0.05 | ||
| Q2 24 | $0.23 | $-0.04 | ||
| Q1 24 | $0.98 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $2.7B | $162.8M |
| Total Assets | $8.2B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | — | ||
| Q3 25 | $301.8M | $2.2M | ||
| Q2 25 | $86.5M | $2.2M | ||
| Q1 25 | $67.4M | $2.3M | ||
| Q4 24 | $129.8M | $1.6M | ||
| Q3 24 | $44.1M | $2.9M | ||
| Q2 24 | $145.7M | $3.2M | ||
| Q1 24 | $61.4M | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $162.8M | ||
| Q2 25 | $2.6B | $159.8M | ||
| Q1 25 | $2.5B | $154.8M | ||
| Q4 24 | $2.4B | $148.6M | ||
| Q3 24 | $2.3B | $155.0M | ||
| Q2 24 | $2.3B | $158.8M | ||
| Q1 24 | $2.3B | $163.6M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | $694.1M | ||
| Q2 25 | $7.6B | $704.9M | ||
| Q1 25 | $7.5B | $690.7M | ||
| Q4 24 | $7.1B | $668.5M | ||
| Q3 24 | $6.7B | $699.3M | ||
| Q2 24 | $6.7B | $704.7M | ||
| Q1 24 | $6.7B | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | — | $12.1M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | — | ||
| Q3 25 | $-121.8M | $16.3M | ||
| Q2 25 | $79.6M | $-4.5M | ||
| Q1 25 | $-37.1M | $22.3M | ||
| Q4 24 | $5.9M | $33.1M | ||
| Q3 24 | $21.9M | $17.2M | ||
| Q2 24 | $-24.8M | $-5.6M | ||
| Q1 24 | $20.9M | $5.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | — | $-9.2M | ||
| Q1 25 | — | $9.5M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | — | $11.7M | ||
| Q2 24 | — | $-15.3M | ||
| Q1 24 | — | $-2.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | -4.8% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | -9.0% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | 20.03× | ||
| Q2 25 | 0.81× | -1.03× | ||
| Q1 25 | -0.66× | 4.63× | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.94× | — | ||
| Q1 24 | 0.17× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
