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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -46.8%, a 43.7% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
HASI vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $207.0M |
| Net Profit | $-53.8M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | -57.4% | 2.2% |
| Net Margin | -46.8% | -3.1% |
| Revenue YoY | 13.3% | -6.7% |
| Net Profit YoY | -176.7% | -531.8% |
| EPS (diluted) | $-0.38 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $103.1M | $180.2M | ||
| Q2 25 | $85.7M | $207.4M | ||
| Q1 25 | $96.9M | $211.1M | ||
| Q4 24 | $101.3M | $221.9M | ||
| Q3 24 | $82.0M | $194.0M | ||
| Q2 24 | $94.5M | $172.5M | ||
| Q1 24 | $105.8M | $85.0M |
| Q4 25 | $-53.8M | $-6.4M | ||
| Q3 25 | $83.3M | $-76.7M | ||
| Q2 25 | $98.4M | $-10.1M | ||
| Q1 25 | $56.6M | $975.0K | ||
| Q4 24 | $70.1M | $1.5M | ||
| Q3 24 | $-19.6M | $-9.3M | ||
| Q2 24 | $26.5M | $-7.3M | ||
| Q1 24 | $123.0M | $-2.1M |
| Q4 25 | -57.4% | 2.2% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 84.7% | 5.1% | ||
| Q4 24 | 90.9% | 5.5% | ||
| Q3 24 | -32.1% | -1.9% | ||
| Q2 24 | 39.5% | 0.6% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | -46.8% | -3.1% | ||
| Q3 25 | 80.8% | -42.6% | ||
| Q2 25 | 114.9% | -4.9% | ||
| Q1 25 | 58.4% | 0.5% | ||
| Q4 24 | 69.2% | 0.7% | ||
| Q3 24 | -23.9% | -4.8% | ||
| Q2 24 | 28.1% | -4.3% | ||
| Q1 24 | 116.3% | -2.4% |
| Q4 25 | $-0.38 | $-0.50 | ||
| Q3 25 | $0.61 | $-2.75 | ||
| Q2 25 | $0.74 | $-0.59 | ||
| Q1 25 | $0.44 | $-0.21 | ||
| Q4 24 | $0.58 | $-0.18 | ||
| Q3 24 | $-0.17 | $-0.53 | ||
| Q2 24 | $0.23 | $-0.38 | ||
| Q1 24 | $0.98 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $2.7B | $-75.8M |
| Total Assets | $8.2B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $4.2M | ||
| Q3 25 | $301.8M | $5.5M | ||
| Q2 25 | $86.5M | $4.7M | ||
| Q1 25 | $67.4M | $21.4M | ||
| Q4 24 | $129.8M | $27.6M | ||
| Q3 24 | $44.1M | $28.2M | ||
| Q2 24 | $145.7M | $32.2M | ||
| Q1 24 | $61.4M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $2.7B | $-75.8M | ||
| Q3 25 | $2.7B | $-61.5M | ||
| Q2 25 | $2.6B | $23.0M | ||
| Q1 25 | $2.5B | $40.5M | ||
| Q4 24 | $2.4B | $45.9M | ||
| Q3 24 | $2.3B | $51.4M | ||
| Q2 24 | $2.3B | $68.1M | ||
| Q1 24 | $2.3B | $68.3M |
| Q4 25 | $8.2B | $884.2M | ||
| Q3 25 | $8.2B | $879.5M | ||
| Q2 25 | $7.6B | $935.7M | ||
| Q1 25 | $7.5B | $956.0M | ||
| Q4 24 | $7.1B | $960.1M | ||
| Q3 24 | $6.7B | $953.5M | ||
| Q2 24 | $6.7B | $945.9M | ||
| Q1 24 | $6.7B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $13.1M | ||
| Q3 25 | $-121.8M | $5.9M | ||
| Q2 25 | $79.6M | $2.8M | ||
| Q1 25 | $-37.1M | $8.5M | ||
| Q4 24 | $5.9M | $18.5M | ||
| Q3 24 | $21.9M | $19.1M | ||
| Q2 24 | $-24.8M | $-3.8M | ||
| Q1 24 | $20.9M | $10.4M |
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M | ||
| Q1 24 | — | $-5.4M |
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% | ||
| Q1 24 | — | -6.4% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | -0.66× | 8.76× | ||
| Q4 24 | 0.08× | 12.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.94× | — | ||
| Q1 24 | 0.17× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
