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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
HA Sustainable Infrastructure Capital, Inc. is the larger business by last-quarter revenue ($114.8M vs $58.6M, roughly 2.0× Vitesse Energy, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -46.8%, a 45.6% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 4.8%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -2.1%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
HASI vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $58.6M |
| Net Profit | $-53.8M | $-739.0K |
| Gross Margin | — | — |
| Operating Margin | -57.4% | -12.0% |
| Net Margin | -46.8% | -1.3% |
| Revenue YoY | 13.3% | 4.8% |
| Net Profit YoY | -176.7% | 85.6% |
| EPS (diluted) | $-0.38 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $103.1M | $67.4M | ||
| Q2 25 | $85.7M | $81.8M | ||
| Q1 25 | $96.9M | $66.2M | ||
| Q4 24 | $101.3M | $55.9M | ||
| Q3 24 | $82.0M | $58.3M | ||
| Q2 24 | $94.5M | $66.6M | ||
| Q1 24 | $105.8M | $61.2M |
| Q4 25 | $-53.8M | $-739.0K | ||
| Q3 25 | $83.3M | $-1.3M | ||
| Q2 25 | $98.4M | $24.7M | ||
| Q1 25 | $56.6M | $2.7M | ||
| Q4 24 | $70.1M | $-5.1M | ||
| Q3 24 | $-19.6M | $17.4M | ||
| Q2 24 | $26.5M | $10.9M | ||
| Q1 24 | $123.0M | $-2.2M |
| Q4 25 | -57.4% | -12.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | 84.7% | 8.1% | ||
| Q4 24 | 90.9% | 3.7% | ||
| Q3 24 | -32.1% | 15.4% | ||
| Q2 24 | 39.5% | 25.2% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | -46.8% | -1.3% | ||
| Q3 25 | 80.8% | -1.9% | ||
| Q2 25 | 114.9% | 30.2% | ||
| Q1 25 | 58.4% | 4.0% | ||
| Q4 24 | 69.2% | -9.2% | ||
| Q3 24 | -23.9% | 29.9% | ||
| Q2 24 | 28.1% | 16.4% | ||
| Q1 24 | 116.3% | -3.6% |
| Q4 25 | $-0.38 | $-0.01 | ||
| Q3 25 | $0.61 | $-0.03 | ||
| Q2 25 | $0.74 | $0.60 | ||
| Q1 25 | $0.44 | $0.08 | ||
| Q4 24 | $0.58 | $-0.15 | ||
| Q3 24 | $-0.17 | $0.53 | ||
| Q2 24 | $0.23 | $0.33 | ||
| 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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $629.3M |
| Total Assets | $8.2B | $893.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $86.5M | — | ||
| Q1 25 | $67.4M | $4.5M | ||
| Q4 24 | $129.8M | $3.0M | ||
| Q3 24 | $44.1M | — | ||
| Q2 24 | $145.7M | — | ||
| Q1 24 | $61.4M | — |
| Q4 25 | $2.7B | $629.3M | ||
| Q3 25 | $2.7B | $650.3M | ||
| Q2 25 | $2.6B | $671.9M | ||
| Q1 25 | $2.5B | $667.7M | ||
| Q4 24 | $2.4B | $500.3M | ||
| Q3 24 | $2.3B | $520.4M | ||
| Q2 24 | $2.3B | $518.5M | ||
| Q1 24 | $2.3B | $522.7M |
| Q4 25 | $8.2B | $893.4M | ||
| Q3 25 | $8.2B | $932.9M | ||
| Q2 25 | $7.6B | $951.5M | ||
| Q1 25 | $7.5B | $975.2M | ||
| Q4 24 | $7.1B | $810.9M | ||
| Q3 24 | $6.7B | $791.2M | ||
| Q2 24 | $6.7B | $778.4M | ||
| Q1 24 | $6.7B | $749.7M |
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 | $37.4M |
| 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.
| Q4 25 | $167.3M | $37.4M | ||
| Q3 25 | $-121.8M | $49.4M | ||
| Q2 25 | $79.6M | $66.0M | ||
| Q1 25 | $-37.1M | $17.5M | ||
| Q4 24 | $5.9M | $34.7M | ||
| Q3 24 | $21.9M | $45.7M | ||
| Q2 24 | $-24.8M | $35.2M | ||
| Q1 24 | $20.9M | $39.4M |
| Q4 25 | — | — | ||
| Q3 25 | -1.46× | — | ||
| Q2 25 | 0.81× | 2.68× | ||
| Q1 25 | -0.66× | 6.56× | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | -0.94× | 3.22× | ||
| 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.
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
