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

Via Transportation, Inc. is the larger business by last-quarter revenue ($118.9M vs $114.8M, roughly 1.0× HA Sustainable Infrastructure Capital, Inc.). Via Transportation, Inc. runs the higher net margin — -18.4% vs -46.8%, a 28.4% gap on every dollar of revenue. On growth, Via Transportation, Inc. posted the faster year-over-year revenue change (29.7% 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.

Via Transportation, Inc. is an American technology company that provides software as a service (SaaS) and operations to improve public transportation networks for cities, transit agencies, schools and universities, healthcare providers, and corporations around the world. Via offers fully managed transit services as well as transportation planning tools, consulting services, operational support, and navigation.

HASI vs VIA — Head-to-Head

Bigger by revenue
VIA
VIA
1.0× larger
VIA
$118.9M
$114.8M
HASI
Growing faster (revenue YoY)
VIA
VIA
+16.4% gap
VIA
29.7%
13.3%
HASI
Higher net margin
VIA
VIA
28.4% more per $
VIA
-18.4%
-46.8%
HASI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HASI
HASI
VIA
VIA
Revenue
$114.8M
$118.9M
Net Profit
$-53.8M
$-21.9M
Gross Margin
39.5%
Operating Margin
-57.4%
40.0%
Net Margin
-46.8%
-18.4%
Revenue YoY
13.3%
29.7%
Net Profit YoY
-176.7%
-16.1%
EPS (diluted)
$-0.38

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
VIA
VIA
Q4 25
$114.8M
$118.9M
Q3 25
$103.1M
$109.7M
Q2 25
$85.7M
Q1 25
$96.9M
Q4 24
$101.3M
Q3 24
$82.0M
Q2 24
$94.5M
Q1 24
$105.8M
Net Profit
HASI
HASI
VIA
VIA
Q4 25
$-53.8M
$-21.9M
Q3 25
$83.3M
$-36.9M
Q2 25
$98.4M
Q1 25
$56.6M
Q4 24
$70.1M
Q3 24
$-19.6M
Q2 24
$26.5M
Q1 24
$123.0M
Gross Margin
HASI
HASI
VIA
VIA
Q4 25
39.5%
Q3 25
39.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
HASI
HASI
VIA
VIA
Q4 25
-57.4%
40.0%
Q3 25
-17.2%
Q2 25
Q1 25
84.7%
Q4 24
90.9%
Q3 24
-32.1%
Q2 24
39.5%
Q1 24
Net Margin
HASI
HASI
VIA
VIA
Q4 25
-46.8%
-18.4%
Q3 25
80.8%
-33.6%
Q2 25
114.9%
Q1 25
58.4%
Q4 24
69.2%
Q3 24
-23.9%
Q2 24
28.1%
Q1 24
116.3%
EPS (diluted)
HASI
HASI
VIA
VIA
Q4 25
$-0.38
Q3 25
$0.61
$-1.49
Q2 25
$0.74
Q1 25
$0.44
Q4 24
$0.58
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
VIA
VIA
Cash + ST InvestmentsLiquidity on hand
$110.2M
$370.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
Total Assets
$8.2B
$733.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HASI
HASI
VIA
VIA
Q4 25
$110.2M
$370.9M
Q3 25
$301.8M
$378.2M
Q2 25
$86.5M
Q1 25
$67.4M
Q4 24
$129.8M
Q3 24
$44.1M
Q2 24
$145.7M
Q1 24
$61.4M
Stockholders' Equity
HASI
HASI
VIA
VIA
Q4 25
$2.7B
Q3 25
$2.7B
$574.6M
Q2 25
$2.6B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Total Assets
HASI
HASI
VIA
VIA
Q4 25
$8.2B
$733.1M
Q3 25
$8.2B
$702.1M
Q2 25
$7.6B
Q1 25
$7.5B
Q4 24
$7.1B
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
VIA
VIA
Operating Cash FlowLast quarter
$167.3M
$-455.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HASI
HASI
VIA
VIA
Q4 25
$167.3M
$-455.0K
Q3 25
$-121.8M
$-30.4M
Q2 25
$79.6M
Q1 25
$-37.1M
Q4 24
$5.9M
Q3 24
$21.9M
Q2 24
$-24.8M
Q1 24
$20.9M
Free Cash Flow
HASI
HASI
VIA
VIA
Q4 25
Q3 25
$-31.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
HASI
HASI
VIA
VIA
Q4 25
Q3 25
-29.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
HASI
HASI
VIA
VIA
Q4 25
Q3 25
1.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
HASI
HASI
VIA
VIA
Q4 25
Q3 25
-1.46×
Q2 25
0.81×
Q1 25
-0.66×
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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