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HA Sustainable Infrastructure Capital Inc is an investor in sustainable infrastructure assets advancing the energy transition. Its investment is focused on actively partnering with clients to deploy capital in income-generating real assets that are supported by long-term recurring cash flows. This enabled to the generation of attractive risk-adjusted returns and provided stockholders with diversified exposure to the energy transition.
2012
158
LTM Revenue $388M
LTM EBITDA $489M
$9.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
As of December 2025, HASI reported last 12-month revenue of $388M and EBITDA of $489M.
In the same period, HASI achieved $338M in LTM net income.
See HASI valuation multiples based on analyst estimatesIn the most recent fiscal year, HASI reported revenue of $389M.
HASI expects next 12-month revenue of XXX and NTM EBITDA of XXX
See HASI valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $388M | XXX | $389M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | $489M | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 126% | XXX | n/a | XXX | XXX | XXX |
| EBIT | $259M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 67% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $338M | XXX | $200M | XXX | XXX | XXX |
| Net Margin | 87% | XXX | 51% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $4.3B | XXX | XXX | XXX |
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HASI has current market cap of $4.0B, and EV of $9.2B.
As of January 2, 2026, HASI's stock price is $31.
See HASI trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.2B | $4.0B | XXX | XXX | XXX | XXX | $2.69 |
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Start Free TrialHASI's trades at 23.6x EV/Revenue multiple, and 18.7x EV/EBITDA.
See valuation multiples for HASI and 15K+ public compsAs of January 2, 2026, HASI has market cap of $4.0B and EV of $9.2B.
Equity research analysts estimate HASI's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HASI has a P/E ratio of 11.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.0B | XXX | $4.0B | XXX | XXX | XXX |
| EV (current) | $9.2B | XXX | $9.2B | XXX | XXX | XXX |
| EV/Revenue | 23.6x | XXX | 23.6x | XXX | XXX | XXX |
| EV/EBITDA | 18.7x | XXX | 18.7x | XXX | XXX | XXX |
| EV/EBIT | 35.3x | XXX | 35.3x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.7x | XXX | 11.7x | XXX | XXX | XXX |
| EV/FCF | -838.9x | XXX | -725.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHASI's last 12 month revenue growth is 15%
HASI's revenue per employee in the last FY averaged $2.5M, while opex per employee averaged $0.7M for the same period.
HASI's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HASI's rule of X is 163% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for HASI and other 15K+ public comps| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 126% | XXX | 126% | XXX | XXX | XXX |
| EBITDA Growth | -5% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | 141% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 163% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 30% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Investcorp Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Waha Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| CVC Capital Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurocommercial Props | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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HASI acquired XXX companies to date.
Last acquisition by HASI was XXXXXXXX, XXXXX XXXXX XXXXXX . HASI acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was HASI founded? | HASI was founded in 2012. |
| Where is HASI headquartered? | HASI is headquartered in United States of America. |
| How many employees does HASI have? | As of today, HASI has 158 employees. |
| Who is the CEO of HASI? | HASI's CEO is Mr. Jeffrey A. Lipson. |
| Is HASI publicy listed? | Yes, HASI is a public company listed on NYS. |
| What is the stock symbol of HASI? | HASI trades under HASI ticker. |
| When did HASI go public? | HASI went public in 2013. |
| Who are competitors of HASI? | Similar companies to HASI include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners. |
| What is the current market cap of HASI? | HASI's current market cap is $4.0B |
| What is the current revenue of HASI? | HASI's last 12 months revenue is $388M. |
| What is the current revenue growth of HASI? | HASI revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of HASI? | Current revenue multiple of HASI is 23.6x. |
| Is HASI profitable? | Yes, HASI is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HASI? | HASI's last 12 months EBITDA is $489M. |
| What is HASI's EBITDA margin? | HASI's last 12 months EBITDA margin is 126%. |
| What is the current EV/EBITDA multiple of HASI? | Current EBITDA multiple of HASI is 18.7x. |
| What is the current FCF of HASI? | HASI's last 12 months FCF is -$10.9M. |
| What is HASI's FCF margin? | HASI's last 12 months FCF margin is -3%. |
| What is the current EV/FCF multiple of HASI? | Current FCF multiple of HASI is -838.9x. |
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