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

UFP TECHNOLOGIES INC is the larger business by last-quarter revenue ($148.9M vs $114.8M, roughly 1.3× HA Sustainable Infrastructure Capital, Inc.). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs -46.8%, a 58.6% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 3.4%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% 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.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

HASI vs UFPT — Head-to-Head

Bigger by revenue
UFPT
UFPT
1.3× larger
UFPT
$148.9M
$114.8M
HASI
Growing faster (revenue YoY)
HASI
HASI
+10.0% gap
HASI
13.3%
3.4%
UFPT
Higher net margin
UFPT
UFPT
58.6% more per $
UFPT
11.8%
-46.8%
HASI
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
4.2%
HASI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HASI
HASI
UFPT
UFPT
Revenue
$114.8M
$148.9M
Net Profit
$-53.8M
$17.6M
Gross Margin
28.2%
Operating Margin
-57.4%
14.4%
Net Margin
-46.8%
11.8%
Revenue YoY
13.3%
3.4%
Net Profit YoY
-176.7%
7.3%
EPS (diluted)
$-0.38
$2.22

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
UFPT
UFPT
Q4 25
$114.8M
$148.9M
Q3 25
$103.1M
$154.6M
Q2 25
$85.7M
$151.2M
Q1 25
$96.9M
$148.1M
Q4 24
$101.3M
$144.1M
Q3 24
$82.0M
$145.2M
Q2 24
$94.5M
$110.2M
Q1 24
$105.8M
$105.0M
Net Profit
HASI
HASI
UFPT
UFPT
Q4 25
$-53.8M
$17.6M
Q3 25
$83.3M
$16.4M
Q2 25
$98.4M
$17.2M
Q1 25
$56.6M
$17.2M
Q4 24
$70.1M
$16.4M
Q3 24
$-19.6M
$16.4M
Q2 24
$26.5M
$13.6M
Q1 24
$123.0M
$12.7M
Gross Margin
HASI
HASI
UFPT
UFPT
Q4 25
28.2%
Q3 25
27.7%
Q2 25
28.8%
Q1 25
28.5%
Q4 24
29.2%
Q3 24
28.6%
Q2 24
30.0%
Q1 24
28.6%
Operating Margin
HASI
HASI
UFPT
UFPT
Q4 25
-57.4%
14.4%
Q3 25
15.1%
Q2 25
16.1%
Q1 25
84.7%
15.6%
Q4 24
90.9%
15.4%
Q3 24
-32.1%
17.1%
Q2 24
39.5%
16.3%
Q1 24
15.2%
Net Margin
HASI
HASI
UFPT
UFPT
Q4 25
-46.8%
11.8%
Q3 25
80.8%
10.6%
Q2 25
114.9%
11.4%
Q1 25
58.4%
11.6%
Q4 24
69.2%
11.4%
Q3 24
-23.9%
11.3%
Q2 24
28.1%
12.3%
Q1 24
116.3%
12.1%
EPS (diluted)
HASI
HASI
UFPT
UFPT
Q4 25
$-0.38
$2.22
Q3 25
$0.61
$2.11
Q2 25
$0.74
$2.21
Q1 25
$0.44
$2.21
Q4 24
$0.58
$2.08
Q3 24
$-0.17
$2.11
Q2 24
$0.23
$1.75
Q1 24
$0.98
$1.64

Balance Sheet & Financial Strength

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

Metric
HASI
HASI
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$110.2M
$20.3M
Total DebtLower is stronger
$135.5M
Stockholders' EquityBook value
$2.7B
$423.9M
Total Assets
$8.2B
$655.1M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
UFPT
UFPT
Q4 25
$110.2M
$20.3M
Q3 25
$301.8M
$18.2M
Q2 25
$86.5M
$14.9M
Q1 25
$67.4M
$14.0M
Q4 24
$129.8M
$13.4M
Q3 24
$44.1M
$16.4M
Q2 24
$145.7M
$16.7M
Q1 24
$61.4M
$11.4M
Total Debt
HASI
HASI
UFPT
UFPT
Q4 25
$135.5M
Q3 25
$146.1M
Q2 25
$163.6M
Q1 25
$163.6M
Q4 24
$189.4M
Q3 24
$212.0M
Q2 24
$35.2M
Q1 24
$34.0M
Stockholders' Equity
HASI
HASI
UFPT
UFPT
Q4 25
$2.7B
$423.9M
Q3 25
$2.7B
$403.9M
Q2 25
$2.6B
$385.5M
Q1 25
$2.5B
$360.7M
Q4 24
$2.4B
$342.8M
Q3 24
$2.3B
$329.1M
Q2 24
$2.3B
$310.2M
Q1 24
$2.3B
$295.0M
Total Assets
HASI
HASI
UFPT
UFPT
Q4 25
$8.2B
$655.1M
Q3 25
$8.2B
$652.8M
Q2 25
$7.6B
$634.7M
Q1 25
$7.5B
$642.6M
Q4 24
$7.1B
$629.0M
Q3 24
$6.7B
$638.5M
Q2 24
$6.7B
$422.4M
Q1 24
$6.7B
$407.7M
Debt / Equity
HASI
HASI
UFPT
UFPT
Q4 25
0.32×
Q3 25
0.36×
Q2 25
0.42×
Q1 25
0.45×
Q4 24
0.55×
Q3 24
0.64×
Q2 24
0.11×
Q1 24
0.12×

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
UFPT
UFPT
Operating Cash FlowLast quarter
$167.3M
$16.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
UFPT
UFPT
Q4 25
$167.3M
$16.8M
Q3 25
$-121.8M
$35.9M
Q2 25
$79.6M
$25.3M
Q1 25
$-37.1M
$13.8M
Q4 24
$5.9M
$24.4M
Q3 24
$21.9M
$19.8M
Q2 24
$-24.8M
$11.7M
Q1 24
$20.9M
$10.7M
Free Cash Flow
HASI
HASI
UFPT
UFPT
Q4 25
Q3 25
Q2 25
$22.5M
Q1 25
$11.0M
Q4 24
$21.4M
Q3 24
$17.7M
Q2 24
$8.9M
Q1 24
$8.9M
FCF Margin
HASI
HASI
UFPT
UFPT
Q4 25
Q3 25
Q2 25
14.9%
Q1 25
7.4%
Q4 24
14.9%
Q3 24
12.2%
Q2 24
8.1%
Q1 24
8.5%
Capex Intensity
HASI
HASI
UFPT
UFPT
Q4 25
Q3 25
Q2 25
1.9%
Q1 25
1.9%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.5%
Q1 24
1.6%
Cash Conversion
HASI
HASI
UFPT
UFPT
Q4 25
0.96×
Q3 25
-1.46×
2.19×
Q2 25
0.81×
1.47×
Q1 25
-0.66×
0.80×
Q4 24
0.08×
1.49×
Q3 24
1.21×
Q2 24
-0.94×
0.86×
Q1 24
0.17×
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HASI
HASI

Segment breakdown not available.

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

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