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

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $114.8M, roughly 1.4× HA Sustainable Infrastructure Capital, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -46.8%, a 118.0% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 13.3%).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

HASI vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.4× larger
STOK
$158.6M
$114.8M
HASI
Growing faster (revenue YoY)
STOK
STOK
+3647.8% gap
STOK
3661.1%
13.3%
HASI
Higher net margin
STOK
STOK
118.0% more per $
STOK
71.2%
-46.8%
HASI

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
HASI
HASI
STOK
STOK
Revenue
$114.8M
$158.6M
Net Profit
$-53.8M
$112.9M
Gross Margin
Operating Margin
-57.4%
70.2%
Net Margin
-46.8%
71.2%
Revenue YoY
13.3%
3661.1%
Net Profit YoY
-176.7%
528.0%
EPS (diluted)
$-0.38
$1.90

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
STOK
STOK
Q4 25
$114.8M
Q3 25
$103.1M
Q2 25
$85.7M
Q1 25
$96.9M
$158.6M
Q4 24
$101.3M
$22.6M
Q3 24
$82.0M
Q2 24
$94.5M
Q1 24
$105.8M
Net Profit
HASI
HASI
STOK
STOK
Q4 25
$-53.8M
Q3 25
$83.3M
Q2 25
$98.4M
Q1 25
$56.6M
$112.9M
Q4 24
$70.1M
$-10.5M
Q3 24
$-19.6M
Q2 24
$26.5M
Q1 24
$123.0M
Operating Margin
HASI
HASI
STOK
STOK
Q4 25
-57.4%
Q3 25
Q2 25
Q1 25
84.7%
70.2%
Q4 24
90.9%
-60.4%
Q3 24
-32.1%
Q2 24
39.5%
Q1 24
Net Margin
HASI
HASI
STOK
STOK
Q4 25
-46.8%
Q3 25
80.8%
Q2 25
114.9%
Q1 25
58.4%
71.2%
Q4 24
69.2%
-46.4%
Q3 24
-23.9%
Q2 24
28.1%
Q1 24
116.3%
EPS (diluted)
HASI
HASI
STOK
STOK
Q4 25
$-0.38
Q3 25
$0.61
Q2 25
$0.74
Q1 25
$0.44
$1.90
Q4 24
$0.58
$-0.15
Q3 24
$-0.17
Q2 24
$0.23
Q1 24
$0.98

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$110.2M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$350.1M
Total Assets
$8.2B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
STOK
STOK
Q4 25
$110.2M
Q3 25
$301.8M
Q2 25
$86.5M
Q1 25
$67.4M
$274.8M
Q4 24
$129.8M
$128.0M
Q3 24
$44.1M
Q2 24
$145.7M
Q1 24
$61.4M
Stockholders' Equity
HASI
HASI
STOK
STOK
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.5B
$350.1M
Q4 24
$2.4B
$229.0M
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Total Assets
HASI
HASI
STOK
STOK
Q4 25
$8.2B
Q3 25
$8.2B
Q2 25
$7.6B
Q1 25
$7.5B
$406.9M
Q4 24
$7.1B
$271.6M
Q3 24
$6.7B
Q2 24
$6.7B
Q1 24
$6.7B

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
STOK
STOK
Operating Cash FlowLast quarter
$167.3M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
STOK
STOK
Q4 25
$167.3M
Q3 25
$-121.8M
Q2 25
$79.6M
Q1 25
$-37.1M
$131.8M
Q4 24
$5.9M
$-23.2M
Q3 24
$21.9M
Q2 24
$-24.8M
Q1 24
$20.9M
Free Cash Flow
HASI
HASI
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
Q1 24
FCF Margin
HASI
HASI
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Q1 24
Capex Intensity
HASI
HASI
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
HASI
HASI
STOK
STOK
Q4 25
Q3 25
-1.46×
Q2 25
0.81×
Q1 25
-0.66×
1.17×
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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