vs
Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $114.8M, roughly 1.1× HA Sustainable Infrastructure Capital, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -46.8%, a 48.4% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -3.9%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
HASI vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $124.7M |
| Net Profit | $-53.8M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | -57.4% | 3.3% |
| Net Margin | -46.8% | 1.5% |
| Revenue YoY | 13.3% | -3.9% |
| Net Profit YoY | -176.7% | -53.6% |
| EPS (diluted) | $-0.38 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $103.1M | $85.1M | ||
| Q2 25 | $85.7M | $140.8M | ||
| Q1 25 | $96.9M | $115.9M | ||
| Q4 24 | $101.3M | $129.7M | ||
| Q3 24 | $82.0M | $88.3M | ||
| Q2 24 | $94.5M | $159.1M | ||
| Q1 24 | $105.8M | $137.5M |
| Q4 25 | $-53.8M | $1.9M | ||
| Q3 25 | $83.3M | $-3.4M | ||
| Q2 25 | $98.4M | $8.6M | ||
| Q1 25 | $56.6M | $2.1M | ||
| Q4 24 | $70.1M | $4.5M | ||
| Q3 24 | $-19.6M | $-1.9M | ||
| Q2 24 | $26.5M | $27.9M | ||
| Q1 24 | $123.0M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | -57.4% | 3.3% | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | 84.7% | 4.1% | ||
| Q4 24 | 90.9% | 5.8% | ||
| Q3 24 | -32.1% | -1.7% | ||
| Q2 24 | 39.5% | 17.4% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | -46.8% | 1.5% | ||
| Q3 25 | 80.8% | -4.0% | ||
| Q2 25 | 114.9% | 6.1% | ||
| Q1 25 | 58.4% | 1.8% | ||
| Q4 24 | 69.2% | 3.5% | ||
| Q3 24 | -23.9% | -2.1% | ||
| Q2 24 | 28.1% | 17.5% | ||
| Q1 24 | 116.3% | 5.7% |
| Q4 25 | $-0.38 | $0.04 | ||
| Q3 25 | $0.61 | $-0.08 | ||
| Q2 25 | $0.74 | $0.19 | ||
| Q1 25 | $0.44 | $0.05 | ||
| Q4 24 | $0.58 | $0.10 | ||
| Q3 24 | $-0.17 | $-0.04 | ||
| Q2 24 | $0.23 | $0.60 | ||
| Q1 24 | $0.98 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $363.2M |
| Total Assets | $8.2B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $22.4M | ||
| Q3 25 | $301.8M | $18.0M | ||
| Q2 25 | $86.5M | $25.2M | ||
| Q1 25 | $67.4M | $26.7M | ||
| Q4 24 | $129.8M | $39.1M | ||
| Q3 24 | $44.1M | $35.5M | ||
| Q2 24 | $145.7M | $60.8M | ||
| Q1 24 | $61.4M | $47.4M |
| Q4 25 | $2.7B | $363.2M | ||
| Q3 25 | $2.7B | $364.4M | ||
| Q2 25 | $2.6B | $372.5M | ||
| Q1 25 | $2.5B | $366.9M | ||
| Q4 24 | $2.4B | $371.5M | ||
| Q3 24 | $2.3B | $380.0M | ||
| Q2 24 | $2.3B | $399.9M | ||
| Q1 24 | $2.3B | $376.4M |
| Q4 25 | $8.2B | $548.6M | ||
| Q3 25 | $8.2B | $554.6M | ||
| Q2 25 | $7.6B | $559.6M | ||
| Q1 25 | $7.5B | $578.9M | ||
| Q4 24 | $7.1B | $587.4M | ||
| Q3 24 | $6.7B | $571.3M | ||
| Q2 24 | $6.7B | $577.4M | ||
| Q1 24 | $6.7B | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $27.3M | ||
| Q3 25 | $-121.8M | $-8.1M | ||
| Q2 25 | $79.6M | $40.8M | ||
| Q1 25 | $-37.1M | $-9.8M | ||
| Q4 24 | $5.9M | $-7.4M | ||
| Q3 24 | $21.9M | $-30.8M | ||
| Q2 24 | $-24.8M | $43.7M | ||
| Q1 24 | $20.9M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | -1.46× | — | ||
| Q2 25 | 0.81× | 4.73× | ||
| Q1 25 | -0.66× | -4.68× | ||
| Q4 24 | 0.08× | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.94× | 1.57× | ||
| Q1 24 | 0.17× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
