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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $114.8M, roughly 1.7× HA Sustainable Infrastructure Capital, Inc.). Xometry, Inc. runs the higher net margin — -4.5% vs -46.8%, a 42.3% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 13.3%). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
HASI vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $192.4M |
| Net Profit | $-53.8M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | -57.4% | -4.6% |
| Net Margin | -46.8% | -4.5% |
| Revenue YoY | 13.3% | 29.5% |
| Net Profit YoY | -176.7% | 12.7% |
| 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.
| Q4 25 | $114.8M | $192.4M | ||
| Q3 25 | $103.1M | $180.7M | ||
| Q2 25 | $85.7M | $162.5M | ||
| Q1 25 | $96.9M | $151.0M | ||
| Q4 24 | $101.3M | $148.5M | ||
| Q3 24 | $82.0M | $141.7M | ||
| Q2 24 | $94.5M | $132.6M | ||
| Q1 24 | $105.8M | $122.7M |
| Q4 25 | $-53.8M | $-8.6M | ||
| Q3 25 | $83.3M | $-11.6M | ||
| Q2 25 | $98.4M | $-26.4M | ||
| Q1 25 | $56.6M | $-15.1M | ||
| Q4 24 | $70.1M | $-9.9M | ||
| Q3 24 | $-19.6M | $-10.2M | ||
| Q2 24 | $26.5M | $-13.7M | ||
| Q1 24 | $123.0M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -57.4% | -4.6% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | 84.7% | -10.2% | ||
| Q4 24 | 90.9% | -7.8% | ||
| Q3 24 | -32.1% | -8.1% | ||
| Q2 24 | 39.5% | -11.5% | ||
| Q1 24 | — | -14.6% |
| Q4 25 | -46.8% | -4.5% | ||
| Q3 25 | 80.8% | -6.4% | ||
| Q2 25 | 114.9% | -16.3% | ||
| Q1 25 | 58.4% | -10.0% | ||
| Q4 24 | 69.2% | -6.7% | ||
| Q3 24 | -23.9% | -7.2% | ||
| Q2 24 | 28.1% | -10.3% | ||
| Q1 24 | 116.3% | -13.5% |
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $0.61 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $110.2M | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $275.6M |
| Total Assets | $8.2B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $219.1M | ||
| Q3 25 | $301.8M | $224.5M | ||
| Q2 25 | $86.5M | $225.8M | ||
| Q1 25 | $67.4M | $231.4M | ||
| Q4 24 | $129.8M | $239.8M | ||
| Q3 24 | $44.1M | $234.0M | ||
| Q2 24 | $145.7M | $240.9M | ||
| Q1 24 | $61.4M | $253.8M |
| Q4 25 | $2.7B | $275.6M | ||
| Q3 25 | $2.7B | $272.0M | ||
| Q2 25 | $2.6B | $270.4M | ||
| Q1 25 | $2.5B | $309.9M | ||
| Q4 24 | $2.4B | $314.5M | ||
| Q3 24 | $2.3B | $315.2M | ||
| Q2 24 | $2.3B | $315.8M | ||
| Q1 24 | $2.3B | $320.4M |
| Q4 25 | $8.2B | $703.7M | ||
| Q3 25 | $8.2B | $698.9M | ||
| Q2 25 | $7.6B | $687.0M | ||
| Q1 25 | $7.5B | $690.1M | ||
| Q4 24 | $7.1B | $680.1M | ||
| Q3 24 | $6.7B | $678.2M | ||
| Q2 24 | $6.7B | $678.6M | ||
| Q1 24 | $6.7B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | — | $-5.9M |
| FCF MarginFCF / Revenue | — | -3.0% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $4.4M | ||
| Q3 25 | $-121.8M | $5.8M | ||
| Q2 25 | $79.6M | $-427.0K | ||
| Q1 25 | $-37.1M | $-3.7M | ||
| Q4 24 | $5.9M | $9.1M | ||
| Q3 24 | $21.9M | $-3.6M | ||
| Q2 24 | $-24.8M | $-9.1M | ||
| Q1 24 | $20.9M | $-11.7M |
| Q4 25 | — | $-5.9M | ||
| Q3 25 | — | $-1.7M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-8.4M | ||
| Q2 24 | — | $-13.5M | ||
| Q1 24 | — | $-16.1M |
| Q4 25 | — | -3.0% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | -10.2% | ||
| Q1 24 | — | -13.1% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.5% |
| 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.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
