HASI · Hannon Armstrong Sustainable Infrastructure Capital, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124.23M | - | $103.06M | $85.69M | $96.94M | - | $81.97M | $94.52M | $105.82M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $10.17M | - | $6.33M | $6.50M | $9.38M | - | $6.99M | $7.96M | $9.05M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $179.0K | - | - | - | $167.0K | - | - | - | $340.0K | - |
| Operating Income | ($25.26M) | - | ($5.16M) | ($19.73M) | ($5.91M) | - | ($2.88M) | $10.42M | $12.19M | - |
| Interest Expense | $99.28M | - | $71.48M | $59.53M | $64.68M | - | - | - | $61.87M | - |
| Income Tax | ($30.78M) | - | $34.50M | $38.16M | $23.90M | - | ($7.11M) | $10.35M | $46.20M | - |
| Net Income | ($71.97M) | - | $83.26M | $98.44M | $56.61M | - | ($19.62M) | $26.54M | $123.03M | - |
| EPS - Basic | ($0.57) | - | $0.66 | $0.80 | $0.47 | - | ($0.17) | $0.23 | $1.08 | - |
| EPS - Diluted | ($0.57) | - | $0.61 | $0.74 | $0.44 | - | ($0.17) | $0.23 | $0.98 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $124.50M | $110.22M | $301.82M | $86.51M | $67.39M | $129.76M | $44.05M | $145.69M | $61.42M | $62.63M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $8.20B | $8.19B | $8.20B | $7.60B | $7.48B | $7.08B | $6.67B | $6.66B | $6.73B | $6.55B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $5.67B | $5.53B | $5.52B | $5.01B | $5.01B | $4.68B | $4.35B | $4.34B | $4.45B | $4.41B |
| Stockholders' Equity | $2.53B | $2.66B | $2.69B | $2.59B | $2.47B | $2.41B | $2.32B | $2.32B | $2.27B | $2.14B |
| Retained Earnings | ($449.90M) | ($323.07M) | ($215.50M) | ($245.39M) | ($291.89M) | ($297.50M) | ($318.08M) | ($249.28M) | ($227.82M) | ($303.54M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.61M | - | - | - | ($37.12M) | - | - | - | $20.93M | - |
| Investing Cash Flow | ($184.14M) | - | - | - | ($323.67M) | - | - | - | ($69.94M) | - |
| Financing Cash Flow | $174.35M | - | - | - | $294.27M | - | - | - | $51.26M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -20.3% | - | -5.0% | -23.0% | -6.1% | - | -3.5% | 11.0% | 11.5% | - |
| EBITDA margin | -20.2% | - | - | - | -5.9% | - | - | - | 11.8% | - |
| Net margin | -57.9% | - | 80.8% | 114.9% | 58.4% | - | -23.9% | 28.1% | 116.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.2% | - | 6.1% | 7.6% | 9.7% | - | 8.5% | 8.4% | 8.6% | - |
| Effective tax rate | - | - | 29.3% | 27.9% | 29.7% | - | - | 28.0% | 27.3% | - |
| Return on assets | -0.9% | - | 1.0% | 1.3% | 0.8% | - | -0.3% | 0.4% | 1.8% | - |
| Return on equity | -2.8% | - | 3.1% | 3.8% | 2.3% | - | -0.8% | 1.1% | 5.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.3x | - | -0.1x | -0.3x | -0.1x | - | - | - | 0.2x | - |
| Equity multiplier | 3.24 | 3.08 | 3.05 | 2.93 | 3.03 | 2.94 | 2.87 | 2.87 | 2.96 | 3.06 |
| Liabilities / Assets | 0.69 | 0.68 | 0.67 | 0.66 | 0.67 | 0.66 | 0.65 | 0.65 | 0.66 | 0.67 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.01 | 0.01 | 0.01 | - | 0.01 | 0.01 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 50.3x | 36.3x | 66.5x | - | - | 128.7x | 29.0x | - |
| P / B | 1.8x | - | 1.6x | 1.4x | 1.6x | - | 1.7x | 1.5x | 1.6x | - |
| P / S | 37.7x | - | 41.6x | 43.2x | 41.6x | - | 49.0x | 35.8x | 35.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | 291.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 28.1% | - | 25.7% | -9.3% | -8.4% | - | -8.8% | 27.2% | 53.1% | - |
| Revenue CAGR (3y) | 21.6% | - | 19.7% | 10.9% | 18.4% | - | 18.8% | 17.1% | 27.0% | - |
| Revenue CAGR (5y) | 19.2% | - | 16.2% | - | 14.8% | - | 16.1% | 24.8% | 26.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -327.7% | - | -78.9% | - | - | - | - | 7.7% | 237.7% | - |
| Net income growth (YoY) | - | - | - | 270.9% | -54.0% | - | - | 96.3% | 410.4% | - |
| EPS growth (YoY) | - | - | - | 221.7% | -55.1% | - | - | 64.3% | 276.9% | - |
| EPS CAGR (3y) | - | - | 17.1% | - | -4.8% | - | - | 4.8% | 17.1% | - |
| EPS CAGR (5y) | - | - | 16.9% | - | 22.4% | - | - | 3.9% | 36.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.6% | 10.5% | 15.6% | 11.4% | 8.7% | 12.3% | 10.6% | 16.5% | 37.1% | 28.6% |
Peer comparison
Same SIC group: Investors, NEC
Comparing Hannon Armstrong Sustainable Infrastructure Capital against the 5 most active filers in the same SIC group.
Dividends
$1.68/share trailing 12 months · +1.2% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.4250 |
| Dec 29, 2025 | $0.4200 |
| Oct 3, 2025 | $0.4200 |
| Jul 2, 2025 | $0.4200 |
| Apr 4, 2025 | $0.4200 |
| Dec 30, 2024 | $0.4150 |
| Oct 4, 2024 | $0.4150 |
| Jul 3, 2024 | $0.4150 |
| Apr 4, 2024 | $0.4150 |
| Dec 28, 2023 | $0.3950 |
| Oct 3, 2023 | $0.3950 |
| Jul 3, 2023 | $0.3950 |
| Mar 31, 2023 | $0.3950 |
| Dec 27, 2022 | $0.3750 |
| Oct 3, 2022 | $0.3750 |
| Jul 1, 2022 | $0.3750 |
| Apr 1, 2022 | $0.3750 |
| Dec 27, 2021 | $0.3500 |
| Sep 30, 2021 | $0.3500 |
| Jul 1, 2021 | $0.3500 |
| Apr 1, 2021 | $0.3500 |
| Dec 24, 2020 | $0.3400 |
| Oct 1, 2020 | $0.3400 |
| Jul 1, 2020 | $0.3400 |